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Best More Detailed Review Of ActivTrades Forex Broker 2023

Best More Detailed Review Of ActivTrades Forex Broker 2023

The UK-based CFD and forex broker ActivTrades. Low trading costs are charged by ActivTrades. Deposits and withdrawals are free, and creating an account is a breeze. The product selection at ActivTrades is limited, and its research resources are simple. There are additional fees for currency conversion and inactivity. Based on the evaluation of 500+ criteria and testing via the creation of a live account, BrokerChooser gave ActivTrades a rating of 4.4/5.

   

As a modest stockbroker that was established in 2001 in Switzerland, ActivTrades is now a global brokerage organisation that offers services to both individual and institutional traders. Numerous advantages include having access to a wide range of financial products, winning platforms, comprehensive trading solutions, and outstanding trading tools.

 

The business relocated its headquarters to London in 2005 and expanded its market offerings by adding CFD products to indices and commodities. The company experienced rapid growth throughout Europe and quickly rose to the top of the market in countries like Italy, Germany, and France. Other countries like Australia, South America, Russia, and South East Asia then followed. Recently, ActivTrades opened an office in Dubai to fulfil the trading demands of the Middle East.

Best More Detailed Review Of ActivTrades Forex Broker 2023


Numerous advantages are provided by ActivTrades to its customers, including the usage of MetaTrader 4 and MetaTrader 5, two top trading platforms, instructional resources, incentive programmes, and competitive spreads. Here are a few accolades this broker has received for its excellence:

  

ActivTrades Pros & Cons

Pros

  • Low Spreads
  • Many Educational Tools
  • Low trading fees
  • Free deposit and withdrawal
  • Excellent support, learning and research tools
  • Portfolio, trading and professional opportunities

 

Cons

  • Basic research tools
  • More Limited Country Range
  • High Minimum Deposit

  

According to our professional opinion, ActivTrades is a trustworthy broker that offers best practises in FX and CFD trading supported by cutting-edge technology while delivering one of the lowest fixed spreads with no hidden feeds. It also has a wonderful trading environment and attractive circumstances. The broker offers a wide variety of trading platforms, many of which come with add-ons and cutting-edge features ideal for technical trading.

 

The instrument range is traded solely on an FX and CFD basis, and support isn't available around-the-clock. As for the Cons, trading conditions, including fees and spreads, may vary depending on regulation and entity. Another drawback is that the broker uses an offshore business and can only accept financing in major currencies due to restrictions on currency kinds.

 

According to our research and evaluation, ActivTrades is regarded as a trustworthy broker with outstanding trading conditions and cutting-edge services, such as assistance and education. The broker is well-known for being among the finest in the industry, scoring well for customer satisfaction and having the lowest spreads across practically all asset classes while charging negligibly little, or zero, in the way of costs.

 

Who Is ActivTrades Recommended For?

ActivTrades has worked with everyone during its more than 20 years in the broker sector. This broker has robust educational resources, and as you can see from the accolades mentioned above, it provides excellent customer service. These two characteristics demonstrated that this broker is a wonderful choice for all traders, whether they are inexperienced or seasoned.

  

ActivTrades Account types

The broker offers either an Individual Account (which allows for trading in tiny and micro amounts) or a Professional Account (which has some requirements for opening, such as the size of the financial portfolio needing to exceed 500,000 dollars), according to what we discovered.

 

Of course, a Free Demo Account is available for the convenience of new traders to allow them to test the platform and gain a general understanding of how the broker functions. For those who adhere to Sharia law, Islamic Accounts or Swap-Free Accounts are also offered.

 

Fees

ActivTrades costs are primarily included in a spread and depend on the type of account you use. The broker provides cheap non-trading costs and doesn't charge commissions on deposits or withdrawals.

 

Based on our study, ActivTrades Fees are rated 8.1 out of 10 when compared to more than 500 other brokers. The broker offers no deposit/withdrawal costs and modest CFD fees that are primarily incorporated into spreads. There aren't many non-trading fees. Funding fees and non-trading fees are shown in the fee table below.

 

Platform for ActivTrader. The sections following will go into more detail about this platform, however one fantastic aspect is that ActivTrades owns its own software. The proprietary platform has been improved, and it makes use of the newest tools and features to produce a rich trading environment.

 

Unique Add-Ons. Your platform of choice may include a variety of add-ons, such as SmartOrder 2, SmartLines, SmartCalculator, SmartTemplate, SmartPlatform, SmartForecast, and the Pivot Points Indicator.

 

Simple Method to Withdraw. With ActivTrades, money withdrawal is simple. Using your debit/credit card, Neteller, Skrill, or Paypal will not result in broker fees, and depending on when you request the withdrawal, it will typically be processed the same day or the following day. Bank transfers cost 9GBP, although the processing time is the same as it is for other forms of payment.

 

Methods of Payment

According to our research, requests for deposits or withdrawals on ActivTrades platforms can be made from an online Personal Area, which streamlines and simplifies the procedure. The broker offers main currency types like USD, GBP, and EUR; however, minor currencies are not supported.

 

We gave ActivTrades funding options a Good overall score of 7.9 out of 10. Most of the time, the broker doesn't impose deposit or withdrawal fees, and non-trading expenses are generally minimal. Major currency kinds are supported by the broker; minor currency types are not. Another disadvantage is that the minimum deposit is rather high compared to other brokers in the industry

 

Source:

  • https://55brokers.com/
  • https://brokerchooser.com/
  • https://www.investing.com/

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