Additionally, the absence of deposit and withdrawal fees for most payment methods is an advantage, making it cost-effective for regular transactions. However, a 0.5% currency conversion fee applies when deposits or withdrawals are made in a currency different from the account’s base currency, which can increase costs for some traders. Moreover, commission charges on specific instruments, and varying fees across regions may limit cost predictability for some clients.
- ActivTrades does not impose a minimum deposit requirement for opening an account, allowing traders to fund their accounts with any amount they choose.
- ActivTrader is available on Windows and Mac and supports 13 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
- Finally, this fast execution speed enhances risk management by ensuring that stop-loss orders and other protective measures are triggered promptly.
- The broker only offers you a basic choice of an individual or professional account.
- In saying that, most brokers have a swap-free account nowadays, including CAPEX.
This platform offers an intuitive interface that makes navigation easy for new traders. ActivTrades provides several research tools that can be helpful for beginner traders looking to improve their market analysis and decision-making skills. ActivTrades offers a solid selection of assets, but depending on your specific needs, other brokers might prove more suitable. To test different options, I also tried Skrill and Neteller e-wallets, which have allowed for immediate deposits with faster withdrawals than bank transfers. I deposited funds through a bank transfer, which took a few days to reflect in my account.
Steps to Open an Account
The broker’s advanced trading platforms are optimized for speed and reliability, which is essential for managing the fast-paced nature of Forex trading. ActivTrades is a forex and CFD broker that provides online trading services globally. Based in the UK, it is regulated by top regulatory authorities including FCA, SCB, CMVM, BACEN, and FSC. ActivTrades offers a variety of trading instruments, including Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, and Stocks. It supports popular trading platforms and tools such as MT4, MT5, TradingView, and ActivTrader. On the downside, customers can anticipate a range of non-trading costs, including inactivity fees, currency conversion charges, and additional fees for transacting with specific payment methods.
I like how they go above and beyond to provide investors and traders with powerful yet intuitive trading platforms, state of the art trading infrastructure, useful trading tools and educational materials. You can start trading with a minimum deposit of €1,000 whilst they also have free demo trading accounts for beginners and swap-free Islamic accounts for Muslim traders. There are account options for individual and professional traders with a great choice of convenient funding options for everyone. I think that ActivTrades are a top-class broker and industry leader when it comes to trading in a regulated environment.
Support Service for Customer
- Always check your funding method’s compatibility and account currency to prevent delays or unnecessary fees.
- For instance, cryptocurrency enthusiasts may prefer Eightcap’s extensive crypto offering, while currency traders could find CMC Markets’ vast selection of 300+ FX pairs more appealing.
- They provide powerful trading platforms, useful trading tools and educational materials.
- The company also operates divisions in the island nations of Mauritius and the Bahamas under licenses granted by the Financial Services Commission (FSC) and the Securities Commission of the Bahamas (SCB).
ActivTrades offers a range of account types designed to cater to the diverse needs of retail, professional, corporate, and even specialized traders. Below is an extensive overview of the different account types provided by ActivTrades, along with their unique features and benefits. For its international operations, ActivTrades is regulated by the Securities Commission of the Bahamas (often referred to as SEB in certain contexts).
How do I deposit/withdraw money into/from an ActivTrades account?
ActivTrades provides a comprehensive suite of educational resources and trading tools to support its clients in their trading journey. These resources are designed to cater to traders of all levels, from beginners to advanced traders, and cover a wide range of topics related to forex, CFDs, and general financial market education. ActivTrades has a low minimum deposit requirement of just $1, making it accessible for beginner traders.
Platforms & Tools
For example, depositing with digital coins is an option only for customers registered at the Bahamas and Mauritius-licensed divisions of ActivTrades. ActiveTrades customers can fund their live accounts free of charge when depositing with digital wallets like Skrill, Google Pay, Apple Pay, PayPal, and Neteller. Traders registered under the offshore divisions can top up their balance for free using cryptocurrencies like Ethereum, Bitcoin, Tether, and Ripple, among others. Credit and debit card deposits under the CMVM entity may incur additional fees of 0.5% or 1.5%. The exact rates depend on whether the card issuer is based in the UK/EEA or not.
Given its numerous registrations and licenses, it is unsurprising ActivTrades upholds high levels of security, transparency, and regulatory compliance. The company was founded by Alex Pusco, who is also responsible for the launch of the Wales-based StreamBank in 2021. In late 2024, Matteo Paganini landed the role of chief executive officer of the company’s Mauritius-regulated division. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
Range of Tradable Assets
For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. You should note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. I like that there are digital wallet options as I find this often to be the quickest way to get access to my funds. You will find major currency pairs, popular cryptos and shares in some of the largest companies. However, if you are looking for a greater variety and some lesser know assets, you may want to take a look at IG.
Mobile Trading Applications
In addition to these regulatory measures, ActivTrades further bolsters client protection by supplementing standard regulatory safeguards with private insurance coverage from Lloyd’s of London. This additional insurance provides up to £1 million in extra protection, ensuring that client funds remain secure even in the unlikely event of the broker’s insolvency. In the United Kingdom, ActivTrades is regulated by the Financial Conduct Authority (FCA).
For example, you will not get the same fund protection as you are considered a professional trader. The activtrades review foreign exchange (forex) market is the largest in the world in terms of trading volume, with a daily average of more than $5 trillion traded. The Forex market enables investors to trade currency pairs 24 hours a day, 5 days a week.