In this Broker Review, ForexInfoBook team presents factual information about ActivTrades broker, its regulations, trading conditions and advantages of trading with them.
ActivTrades is regulated in the UK by the Financial Conduct Authority, registration number 434413.
ActivTrades Corp is authorized and regulated by The Securities Commission of the Bahamas : Registration number 199667.
ActivTrades UK client funds are held in accordance with client money rules, in client segregated accounts with a top tier bank. Retail client Funds held with ActivTrades UK will be covered by the Financial Services Compensation Scheme. This is a fund of last resort for customers of authorized financial services firms in case of default up to a maximum value of £ 85,000 per person. More information on the FSCS is available here. ActivTrades clients can benefit from extra security exceeding the FSCS threshold by up to £1,000,000 per client – via Excess of FSCS Insurance.
Click here to read more about why FCA (UK) regulated brokers is the best choice for Forex traders
In case of other ActivTrades offices (not regulated by FCA UK), all client funds are segregated from operating capital with major banks. ActivTrades Corp has purchased, at no direct cost to clients, separate insurance protection to cover losses, if there is an insolvency event, in excess of US$ 10,000 and up to US$ 1,000,000. This policy is underwritten by ARCH 2012 and XL Catlin 2003 and other participating syndicates at Lloyd’s of London. The policy covers all clients of ActivTrades Corp whose funds are held in segregated accounts.
Negative Balance Protection
ActivTrades guarantees that their retail traders cannot to lose more than the funds they have in their account. In the rare scenario where a market move puts the client in a negative balance position, ActivTrades will refund the difference in a “Negative Balance Adjustment” and set the balance to zero.
ActivTrades (Non UK) offers a standard leverage is 1:400 on MT4/MT5 for account sized less than $50,000. The maximum leverage is lowered to 1:200 or 1:100 for account greater than $50,000.
Leverage on ActivTrades UK accounts will be restricted to a max of 1:30 as per ESMA regulations.
NDD Execution with Highly Competitive Spreads
ActivTrades has one of the lowest spread accounts with no commission on Forex trading. This makes ActivTrades one of the low cost trading brokers available for retail traders. Typical trades on major pairs is in the range of 0.75 pips. Click here to check spreads offered by ActivTrades on various Forex pairs.
Ease of Operations
- Simple account opening process
- Minimum deposits : US$ 100
- Wide range of trading platforms : MT4, MT5 and ActivTrader
- ActivTrader has a dedicated support department operating 24 hours via live chat, email and phone (Free call back facility). Support is provided in over 15 languages.
- Good collection of educational material for Forex traders to improve their trading skills.
Limitations to be expected
- Demo accounts are valid for 30 days
- No Swap-Free (Islamic) account option
- Relatively few Deposit and Withdrawal options available : Bank Transfer, Credit Card, Neteller, Skrill, Sofort And Paypal
- 74% of retail investors lose money trading CFDs with ActivTrades .
- ActivTrades does not serve clients from United States and Canada
ActivTrades proves excellent trading conditions for trading with their Non Dealing Desk execution model.
Regulation by FCA provides assurance to UK clients. The unique insurance of client funds for all retail traders provides peace of mind for non-UK traders also.