Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
Best-in-class execution
There are many reasons why ActivTrades is the best forex broker for beginners. First and foremost, it’s well-regulated around the world, including the UK, Italy, Brazil, Bulgaria and Mauritius. It’s also hugely respected in the forex trading industry, having landed multiple awards for its services in recent years. The best way to build your forex trading strategies is to test them using a demo account first. Treat your virtual money balance as if it was real money and make sure your strategies have the right risk-reward balance and a sufficient strike rate to grow your trading capital.
- We should also warn you there is a 15-minute delay in demo account price quotes.
- The broker provides its contract specifications in standard lots, but traders on a budget can place orders in micro lots as well.
- However, its proprietary ActivTrader platform, while powered by TradingView charts, feels minimal and lacks the advanced features many traders expect.
- Here is a closer look at what traders can anticipate in terms of research and learning materials.
- Yes, based on your detected country of UA, you can open an account with this broker.
Range of investments
This offer allows traders to earn additional funds on trading activities, improving overall profitability. This allows flexibility in your trading strategies and the ability to adapt maximally to the market. ActivTrades, a prominent UK-based brokerage, offers a sophisticated electronic trading platform for Forex and Contracts for Difference (CFDs). Established in Switzerland in 2001 by founder and Chairman Alex Pusco, the firm relocated to London in 2005, signaling a strategic shift in its operations. ActivTrades also provides video content, such as its weekly Monday Market Matters webinar series. I was disappointed to see that the broker’s Weekly Outlook videos seem to have been discontinued in recent months.
Verification usually takes several hours to one business day, depending on the relevant department’s workload. Once the broker confirms your identity, you can add funds to your live balance via bank transfer, card, or a supported e-wallet. There are no minimum initial deposit requirements for clients registering through the EU, UK, FCB, and FSC entities. At ActivTrades, we regularly update our library of educational resources, including live webinars, in-person trading seminars, as well as how-to manuals on our supported trading platforms. We also offer regular news updates, as well as market and macro analysis to put you firmly in the picture.
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While its average spreads are better than the industry average, there is no active trading account or volume-based discounts, and ActivTrades offers fewer markets than the best multi-asset brokers. Apart from negative balance protection, clients are eligible for investor compensation of up to €25,000 under the Investor Compensation System (ICS). On top of that, the broker offers enhanced compensation of up to $1 million per client (for clients registered under the Bahamas and Mauritius entities). All these factors combine to make ActivTrades an incredibly appealing option for traders who prioritize security. Clients are safeguarded from running up debt with negative balance protection, which is available to traders across all entities. Additionally, ActivTrades regularly audits its trading infrastructure to detect and eliminate vulnerabilities if necessary.
Methods of Account Funding
Each year, we collect thousands of data points and publish tens of thousands of words of research. During my testing of the broker’s offering and platforms, I found ActivTrades to be a well-rounded option with some unexpected unique features that boosted my overall opinion. Two innovations that helped ActivTrades stand out include its proprietary progressive stop-loss order and its custom suite of add-ons and plugins for the MetaTrader platform.
Traders gain access to the broker’s flagship ActivTrader mobile app along with third-party apps MetaTrader (MT4 and MT5) and TradingView. All mobile apps are available for iOS (via Apple’s App Store) and Android (via the Google Play Store). ActivTrades has dedicated an entire section of its website to learning and education, demonstrating a strong focus on helping clients improve their financial knowledge. ActivTrades excels in the research and education department, providing customers with a broad range of materials to help them hone their skills and advance their knowledge. Here is a closer look at what traders can anticipate in terms of research and learning materials.
Yes, ActivTrades offers a demo account, allowing users to practice trading with virtual funds before committing real money. Training at ActivTrades is comprehensive and diverse, allowing traders to choose the most suitable materials and learning formats. As a result, traders can continuously improve their skills, learn new strategies and analysis methods, and better understand the nuances of working in financial markets.
There are three types of forex markets which you can trade – spot markets, forwards markets and futures markets. Forward forex contracts give you an agreement to purchase a currency at a future date and a predetermined price. Meanwhile, futures forex contracts are similar to forwards, except they are traded over exchanges rather than over-the-counter (OTC). 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.
- As previously mentioned, ActivTrades penalizes customers for trading inactivity by deducting a $/€10 monthly fee from the balances available in dormant accounts.
- For example, the broker has a registration with the Italian regulator CONSOB but CMVM effectively oversees its operations in Italy.
- It offers many trading tools, technical indicators, charts, and features for automated trading using Expert Advisors.
- Here are some of the most distinctive features available to MT4 users at ActivTrades.
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 the website. Requesting a bank transfer withdrawal under the Bahamas and Mauritius entities will cost you £9. ActivTrades offers 30+ spot and futures markets for hard and soft commodities, including gold, silver, platinum, crude oil, cocoa, copper, and sugar. Less common markets like oats, cotton, and carbon emissions are also on offer. The availability of commodity futures earns ActivTrades some extra points, considering many rival brokers do not provide this option to their customers. Stocks account for a whopping 81% of the entire ActivTrades product lineup.
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Overall, I found that ActivTrade’s spreads are slightly better than the industry average but not as good as the best low-cost forex brokers. Withdrawing from your live balance is a hassle-free process at ActivTrades as most payments go through within the same working day. The supported withdrawal methods overlap with those available for deposits. You can cash out from your account with Visa, Mastercard, PayPal, Skrill, Neteller, and bank transfers.
ActivTrades’ customer support scores well in the diversity of communication channels, responsiveness, professionalism, and efficiency of solutions. ActivTrades offers a variety of methods for account funding and withdrawal, most of which are commission-free. After completing all the registration and identity verification stages, your account will be activated, and you can start trading with the broker ActivTrades. Steven Hatzakis is the Global Director activtrades review of Online Broker Research for ForexBrokers.com.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.