Our Review of ActivTrades
Located in the financial distract of London, ActivTrades is an independent broker that provides trading services in Spread Betting, Forex, and CFDs. ActivTrades' mission is to maximize the trading potential of all clients with their advanced technology, reliability, innovations and tools, as well as their competitive prices.
ActivTrades offers three types of accounts to their customers: Classic, Advantage, and Islamic. One should go with the Classic account if they have an aggressive trading style, such as high-frequency, short-term economic news trading. When it comes to the Advantage account, one can take advantage of shares on CFDs. Finally, the Islamic account is best for those who require an account that is in-line with the teachings of the religion of Islam. You can try out the free demo if you want to experiment with an account before opening up a real one.
Commissions & Spreads
When it comes to ActivTrades, different types of exchanges have different commissions. The Milan exchange has a commission rate .05 percent of the value of the transaction. This commission rate also applies to Frankfurt and Euronext (Amsterdam, Brussels,
Lisbon, Paris) exchanges. All three of these exchanges have a minimum commission of one euro.
One could consider the London exchange as the odd one out of the bunch. It has a commission rate of .10 percent of the transaction value, which is double the commission rates of the other three types of exchanges. The minimum commission amount for London Exchanges is 10 euro, which is 10 times the minimum commission amount of the other three types of exchanges.
ActivTrades offers two types of trading software: MetaTrader 4 and MetaTrader 5. This company offers MetaTrader 4 for free. Even though this platform is very customizable, it is easy for an inexperienced trader to learn how to use it. ActivTrades also offers MetaTrader 5 completely free of charge. This version of MetaTrader is the most recent version. Some features that these two trading software offer are as follows: unlimited charts, unlimited quotes in real time, Minilot and Microlot trading, Mobile Trading available, price alerts, and a multilingual platform.
Deposits and Withdrawals
Over a 30 day period, the maximum amount of money you're allowed to deposit, overall, is 30,000 euro. However, the cap for just a single transaction is 10,000 euro. When it comes to withdrawing money, ActivTrades will only be able to match the original deposit. Therefore, you can only expect to get the same amount and currency back. All profit must be sent back via bank wire.
You can contact ActivTrades' customer support at all times of the day on Monday, Tuesday, Wednesday, Thursday, and Friday. The Support Desk will provide you with a timely response. The Support Desk can provide an answer to customer inquiries in 11 languages. Customers can get help via live chat, requesting a free call back, using the request form to send queries.
Regulators & Safety
The Financial Conduct Authority, or FCA, regulates ActivTrades. The assets of all clients are stored in segregated accounts. All of these accounts are in compliance with the CASS, or the FCA Client Money Laws.
ActivTrades offers enhanced protection when it comes to client money. In fact, each and every client is covered for up to 500,000 euros as Excess of FSCS Insurance. Of course, the Terms and Conditions apply when it comes to this coverage.
The leverage that ActivTrades offers with currency trading is very high. Of course, you will always have control over your desired level of risk, yet the leverage offered by ActivTrades serves a cap.
Your leverage will depend on your account's equity. If your account's equity is less than 25,000 euro, the leverage will be 1:400. From 25,001 to 50,000 euro in account equity, the leverage will be 1:200. 50,001 to 250,000 euro, the leverage will be 1:100. Past 250,000 euro, the leverage will still be 1:100, however, some restrictions may apply.
Sign Up Bonuses
Currently, if you sign up with ActivTrades, you will receive a welcome bonus of about 500 points. However, the account must be your very first live account, as you can have multiple accounts with ActivTrades. Also, if you refer a friend about ActivTrades, you will receive 1,500 points.