ActivTrades is one of the largest forex brokerage brands. It belongs to ActivTrades PLC and has been around since 2001. It operates a non-dealing desk as well as a market maker model of forex brokerage services.
It has its headquarters in London, United Kingdom and is registered in Wales. It is regulated by the Financial Conduct Authority (FCA) and its registration number is 05367727. Every new customer who signs up needs to pass compliance checks in order to ensure they are aware of the trading risks before trading on this platform.
Low minimum deposit
Offers negative balance protection
Zero spread account
Spreads and Fees
Similar to other brokers, the fee for ActivTrades comes from the spread, which is the difference that exists between the buying and selling price of certain instruments. The spreads are mentioned in detail on the website. The minimum spread is 0.5 pips if you are trading USD/EUR, which is lower than the average of 0.82 pips for trading USD/EUR.
The minimum deposit amount is 100 USD/EUR/GBP/CHF, and the maximum total deposit is around €30,000 or currency equivalent over a 30-day period. The limit for a single transaction is €10,000 or currency equivalent.
There are no maximum or minimum limits for withdrawal. The withdrawal amount from a credit card, however, cannot be more than the total deposit you have made from the credit card.
Demo Accounts and Educational Resources
ActivTrades offers educational material for guiding a beginner or new trader. There are various educational resources available for an intermediate trader as well. Various webinars are also held periodically which the trader can benefit from. Plus, it offers a free demo account so that new users can experiment with trading before diving in.
Bonuses and Special Offers
There are various bonuses on this platform that are based on attaining a certain number of points. These points can be exchanged for cash deposits or gift items (such as iPads or other tablets). You can get points whenever you trade. The value of the points is dependent on the contract you traded.
User gets a welcome bonus in the form of 1,000 points for opening an account for the first time.
You get 1,500 points as a referral bonus for those who refer new users to ActivTrades.
A trader can be given an iPad, a Google Nexus 7, a Sony Xperia, or a Samsung Galaxy 4 depending on the number of points they have gathered.
There is round-the-clock customer service available in 13 languages
It supports a wide range of trading instruments
It offers competitive spreads
It offers expert advisors
Compliance process can take several days
Not regulated by CySEC
ActivTrades is quite a well-rounded forex trading company that provides users with everything they require in the realm of forex trading business. It is a good initiative and quite user-friendly, offering great bonuses on the accumulation of points.