ActiveTrades 2023 Analysis: A Comprehensive Guide For Traders
ActivTrades, a pioneer in the retail CFD industry, has grown into a global player serving diverse kinds of traders.
One of the key selling points of the brokerage firm lies in its expansive suite of benefits it offers to its market participants. These include educational tools, rewards programs, competitive spreads, and access to MetaTrader 4 and MetaTrader 5, two leading platforms in the industry.
At the same time, ActiveTrades offers a selection of smart add-ons designed to enhance your trading experience, ensuring a smooth and efficient trading journey.
The British broker primarily caters to traders from the United Kingdom, Europe, the Commonwealth of Independent States (CIS), Asia, and South America.
With over two decades of operation, ActivTrades specializes in Forex trading and offers CFDs on various assets, including stocks and ETFs.
Over the years, it has proudly received 26 awards for its services. The broker also operates under multiple licenses, including those from the UK’s Financial Conduct Authority (FCA), and the Securities Commission of The Bahamas (SCB).
ActivTrades also offers a notable range of over 1,000 trading instruments, ensuring traders have a long line of choices. In addition, it places a strong emphasis on education, providing quality training resources.
With spreads from 0.50 pips, the financial company aims to offer competitive pricing. In further pursuit of security, it provides deposit insurance coverage up to $1.00 million.
However, ActivTrades has an absence of PAMM accounts and social trading options may deter some traders. It also does not authorize trading in real stocks, which could be a drawback for certain market participants.
The platform has also limited customer support hours, only available 24/5, potentially leaving traders without assistance during weekends.
Accordingly, Benzinga.com reported that ActivTrades has received a score of 4.82 out of 10 from Traders Union analysis, indicating a riskier profile. In line with this, customer reviews have not always been positive towards the broker, raising concerns about its overall performance.
In the Traders Union ranking, ActivTrades occupies the 95th position among 350 featured companies, a position determined by evaluating over 100 criteria and assessing the account opening process.
Still, it has a moderate entry threshold of $500 and provides a demo account for prospective clients. All levels of traders can benefit from the broker’s high-quality training, including regular webinars to enhance trading skills.
Analyzing the fees at the platform, the type of fee varies based on the trading instrument. The exact charge varies depending on the market, ranging from 0.05% of the deal on European exchanges to $0.02 per lot on NYSE.
Notably, it also imposes an inactivity fee of $10 per month for accounts with no newly opened transactions after a year. There is also a charge for withdrawing funds via bank transfer.
Nevertheless, ActivTrades offers favorable conditions for traders, operating on ECN technology, providing direct access to liquidity providers, and ensuring fast order execution with an average time of just 0.004 seconds.
To further enhance the trading experience, the firm offers a range of useful services and tools. For instance, it has SmartOrder which simplifies platform management and allows for order configurations like OOD orders.
ActivTrades remains to be a well-established broker with a long history of serving traders. While it offers numerous benefits, it is essential to consider the level of risk associated with the broker, as indicated by the Traders Union experts