The broker has quite a strong customer base in the EU across Germany, Italy, Portugal, and France and an extensive overseas market extending to Australia. In the best online trading platform in a forex market, brokers compete by providing traders with better and highly-advanced technologies on their platforms. According to this ActivTrades review, the platform offers multilingual customer support that is available 24 hours, 5 days a week, from Monday to Friday. ActivTrades offers a free demo account for new traders so that they can familiarize themselves with the platform’s features and functionality. A new client on the ActivTrades website can test his trading skills with virtual money worth £10,000.
- The broker provides an intuitive and user-friendly webpage to its clients.
- To open a live Individual account, all users need to do is visit the official ActivTrades website, click the “Open Account“ button by navigating to the Account section on the platform’s homepage.
- The MetaTrader 4 platform update will be released on Friday, March 24, 2023.
- These materials are free and available to both demo and live account holders.
Its primary goals are to boost transparency and safeguard the interests of investors. Headquarters in LondonActivTrades serves its global clients with offices in Bahamas, United Kingdom, and Luxembourg. The broker is well-regulated by top-tier regulatory bodies, ensuring a secure trading environment. It is a reputable and regulated brokerage firm with years of experience in the industry. The company also adheres to Anti-Money Laundering (AML) regulations designed to prevent money laundering and terrorist financing.
ECS is not a Financial Services firm and does not operate as a financial services firm. In addition, please note that there’s a 0.3% currency conversion fee that is applied when deposits are made in different currencies than the account base currency. Please keep in mind that some intermediary banks might also charge the commission fee. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with ActivTrades please share your personal review of the broker and what you think are strong and weak points.
The Trustpilot Experience
We recommend traders use the live chat function to contact the broker. You can also reach the ActivTrades customer service team via email. We sent the team an email asking whether they allow scalping and hedging strategies and how long they would take to process our withdrawals.
- As well, you get to benefit from ongoing access to forex resources, educational materials, training, and courses.
- The ActivTrader, MT4 and MT5 platforms are all available for mobile trading.
- Furthermore, as already mentioned, ActivTrades is compliant to MiFID directives.
- Traders can also access third-party plugins that support automated trading, unlike with the proprietary ActivTrader platform.
MT4 users can download the software on any desktop device or trade stocks, foreign exchange, indices, and other financial assets through their web browsers. ActivTrades offers low trading and non-trading activtrades review fees that include an inactivity fee of $10 for every month of inactivity after a year of no trading. The fees at ActivTrades are as transparent as possible, which means there are no hidden fees.
One needs to share the unique link and with every link shared, the user gets a chance to earn up to $1000. Note that the referred friend needs to open an account at ActivTrades using the link and meet the platform’s minimum deposit requirement. They operate three branches outside the UK – in Milan, Sofia and the Bahamas. The Milan office was opened in 2011 to better support clients in this area.
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Undoubtedly, it’s one of the best investment platforms you can find. A trading platform is a medium offered by forex brokers to their clients or trading. It’s basically a computer or mobile platform as forex trading apps that lets you trade in the FX markets through an internet connection. When it comes to fees, the broker offers low trading fees, as spreads start from as little as 0.5 pips. Spreads can increase in low liquidity environments, however, fees are still very low.
Range of Trading Instruments
ActivTrades offers swap-free Islamic Accounts to Muslim clients only. Such accounts do not attract a swap fee for positions held overnight in line with Sharia Law. For our tests, we traded the most popular instrument in each market. We placed 3 trades for each instrument to arrive at an accurate estimate of the average spread. We tested the MT5 Individual Account, which charges a spread on all instruments. ActivTrades offers almost a thousand tradable instruments in the Forex, indices, stocks and commodities segments.
Example:\r\n\r\nA Pro client with EUR account and leverage 1:400 has Long position for 400 lots EURUSD.\r\n\r\n
We also recommend ActivTrades to all traders, from beginners to advanced traders. To trade Apple Inc CFDs, we had to request the broker to add stock instruments to our account, for which the broker charges a Market Data fee of 1 EUR/month. The broker also hosts educational webinars to discuss advanced trading topics, which are recorded and available on the website. The broker used to host in-person seminars before the coronavirus pandemic struck. Traders can execute most trading strategies as the broker allows high-risk strategies such as hedging and scalping. ActivTrades has a minimum deposit requirement of US$500 on its Islamic accounts.
Users can also head to the FAQ section for answers to common issues. The live chat function is particularly useful with efficient and informative agents to cover most queries. Education here is conducted through one-on-one training sessions that act as an excellent service for the new traders. There is also a video library covering MetaTrader platforms introductory topics as well as manuals covering all the MetaTrader platforms available at ActivTrades.
However, when purchasing trading robots, traders need to be cautious, as some algorithms do not work, and some are outdated. ActivTrades offers some of the most popular Forex and CFD trading platforms such as MetaTrader 4, MetaTrader 5, TradingView, and a custom built ActivTrader. As for the indices, traders are offered Cash indices and index futures.
ActivTrades provides market research via the Smart Tools suite found on the MetaTrader platforms, which provides high-quality trading insights from analysts, pattern recognition indicators and much more. We found the ActivTrader platform to be best suited to manual traders, while traders who use automated strategies might prefer the MetaTrader 4 & 5 platforms, which are a better fit. However, the platform does not support automated trading and is only available as a web trader. The broker’s collection of stock CFDs is quite impressive, placing it among the top brokers who offer a wide variety of tradable instruments. ActivTrades charges low, average and high fees for trading the main assets on offer.
ActivTrades fully complies with all regulations, including the European Securities and Markets Authority (ESMA) regulations, which govern leveraged trading in the European Union. The MetaTrader 4 platform update will be released on Friday, March 24, 2023. This version provides error fixes and platform stability improvements. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. The ActivTrader, MT4 and MT5 mobile apps can be downloaded from the respective app stores.