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Customers looking to avoid paying or receiving interest can conveniently apply for Islamic accounts at ActivTrades. This account type complies with Shariah laws and facilitates swap-free trading whereby positions that remain open overnight do not incur rollover fees, also known as swaps. Instead, customers pay administrative fees on their overnight trades after a certain grace period, which is not explicitly stated on the ActivTrades website.

ActivTrades does not charge an account maintenance fee, ensuring traders can manage their portfolios without unnecessary costs. Like CFDs, forex trading is executed on a spread basis, eliminating the necessity for separate commissions or fees. ActivTrades emerges as a worthy contender for those desiring simplicity and precision in the bustling world of financial brokerages. With a user-centric platform, ActivTrades is designed for traders who seek a hassle-free interface for executing trades, eliminating excessive bells and whistles. Trade Forex with unbeatable spreads, negative balance protection, no commissions, and award winning 24/5 support. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.

As with any significant financial decision, embarking on a trading journey with ActivTrades should be backed by rigorous personal research. Gauge your unique trading goal, strategy, and risk appetite against what the broker presents. After all, aligning a trader’s ambition with a broker’s offerings crafts the blueprint for trading success. ActivTrades welcomes traders with a $0 minimum deposit requirement, offering accessibility to numerous market participants. Customers can fund their demo balance with 250 to 200,000 in virtual credits.

The ActivTrader platform is easy to use, thanks to its minimalist design and layout, making it suitable for beginners who might be intimidated by more complex trading software. I’d also mention that ActivTrades hasn’t yet developed a full educational video offering, which you typically find with the best brokers for beginners. ActivTrades offers one primary account type (referred to as its “Individual Account”) along with Professional Account and Islamic Account options. Traders can also use a demo account to practice trading without risking their funds. It’s worth noting that there is no account type designed specifically for high-volume traders, and no active trader pricing.

ActivTrades offers CFD trading on popular cryptocurrencies such as Bitcoin and Ethereum. Deposits made with credit or debit cards from outside the UK and EEA are subject to a 1.5% charge. Withdrawals are normally free, although non-SEPA or CHAPS bank transfers may be charged, and USD bank transactions may be subject to a cost. Swap or rollover expenses apply to overnight positions and are computed using interbank rates plus or minus a markup. During your initial visit, you will be asked to choose your regulatory area and given an overview of the differences across jurisdictions.

  • If a trading account remains inactive for at least one year, the client will be considered the owner of a “dormant” account.
  • Its competitive spreads, diverse platform options, and strong regulatory oversight attract both retail and professional traders.
  • The minimum amount you can trade is 0.01 lots, which corresponds to 1,000 units in a base currency.
  • Traders registered under the offshore divisions can top up their balance for free using cryptocurrencies like Ethereum, Bitcoin, or Ripple.
  • He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

As a multi-licensed broker, ActivTrades upholds high security standards and consistently invests in its infrastructure to ensure a safe trading environment for all customers. The company safeguards traders with negative balance protection and stores their funds in segregated accounts at first-tier banks like Lloyd’s and Barclays. The broker provides enhanced investor compensation at no additional expense to clients. ActivTrades stands out as a highly reputable broker with a diverse range of trading instruments, competitive conditions, and advanced platforms. It provides a secure, regulated trading environment, catering to traders of all experience levels. ActivTrades, established in 2001 in London, has become a trusted name in the financial trading industry.

Minimum Deposit

ActivTrader is available as a web, desktop, and mobile application for iOS and Android. ActivTrades broker has tight spreads, which makes trading more accessible, but swaps are relatively high. Also, the broker charges a fee for account inactivity, which can significantly increase costs for clients who do not trade regularly. ActivTrades offers access to a diverse choice of major, minor, and exotic currency pairings, allowing traders to participate in the dynamic world of forex trading.

ActivTrades offers demo accounts for ActivTrader, MetaTrader 4, and MetaTrader 5 platforms. This is a good range of available methods, and processing times for withdrawals are faster than average for the industry. Clients should be conscious of the relatively modest withdrawal fee via bank wire. Clients should be aware of the 1.5% fee for deposits via credit/debit cards, which is not common at major brokers. ActivTrades provides 24/5 customer support via live chat, phone, and email. I made dozens of inquiries over two weeks and had a positive experience overall.

  • The Islamic Account is available for both standard and professional accounts.
  • The reports include coverage of major economic events and their impact and also provide a technical overlay, with support and resistance levels and price forecasts.
  • The broker’s UK division, ActivTrades Plc, obtained authorization from the British regulator in July 2009 and has suffered disciplinary action only once in the past 16 years.
  • ActivTrades provides a variety of secure and efficient deposit and withdrawal methods, ensuring a seamless experience for traders.
  • To verify your identification, submit the relevant papers, such as a passport, national ID, or driver’s license, as well as evidence of domicile.

ActivTrades Main Features

ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. TradingView is accessible as a web platform, ensuring traders can stay connected and informed from anywhere. This partnership further enhances the trading experience for ActivTrades clients, providing them with a powerful tool for making informed trading decisions.

Standard Account

The broker’s clients highly appreciate the qualifications of the support service staff. The team of professionals is ready to provide quality assistance and promptly solve clients’ questions. In their feedback, users also emphasize the staff’s friendliness and sociability, which contributes to effective and pleasant interaction.

Web Trading Apps

Explore the trading platforms to get acquainted with the tools and features offered. Yes, ActivTrades offers a demo account with virtual money where you may practice trading methods without risk. The account features cutting-edge tools and indicators investors use worldwide. It allows users to test their strategies under real-market conditions without any restrictions, allowing for a seamless transition from testing to actual trading. This account offers negative balance protection and enhanced funds insurance up to $1,000,000 for retail customers. Abundance of assets and exceptional reliability are those “pillars” that I am attracted by.

Additionally, the broker is regulated by the Financial Services Commission (FSC) in Mauritius, further extending its global compliance reach. As the saying goes, ‘You get what you pay for’ and this applies in the case of ActivTrades. Fees are not the lowest available, but the company has invested in providing reliable customer support, a unique proprietary platform, and high-quality research and educational materials. I rate ActivTrader as ideal for beginners and casual traders, offering functionalities like one-click trading and chart-based trading. It also supports advanced tactics for professionals, including automated trading and custom app development. ActivTrades does better than a generic MetaTrader broker by offering a well-designed proprietary platform, original research and educational materials, and reliable customer support.

Moreover, ActivTrades prioritizes clients’ fund security by maintaining segregated accounts, ensuring they are separate from the company’s operational funds. For those seeking an added service, managed accounts are also part of the broker’s bouquet. However, traders should know that ActivTrades currently does not accommodate US traders. Bank transfers in US dollars are the sole exception to this rule as they incur a $12.50 fee at the EU-facing version of activtrades forex broker the website. Requesting a bank transfer withdrawal under the Bahamas and Mauritius entities will cost you £9.

I must share that it was easier than I thought to register an account with this broker than I initially thought. The costs are low, and the spread on the GOld, my primary instrument for trading, is really tight.Plus, the webinars are beneficial. ActivTrades operates across five entities with varying levels of regulatory oversight. The brokerage ensures client fund segregation, offers negative balance protection, and provides access to a compensation scheme alongside insurance coverage from Lloyd’s of London up to $1 million.

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