ActivTrades - Forex Broker information, rating, reviews

ActivTrades Forex Broker   ActivTrades

ActivTrades Voters Rating: 50 %, 0%

Traders Rating: ActivTrades Traders Rating on Forex-Ratings.com 3


   
ActivTrades licenses and regulations: FSA
Trading software: Meta Trader 4
Headquartered: ActivTrades PLC, 110, Middlesex Street, London E1 7HY

ActivTrades PLC is located in London and regulated by the Financial Services Authority, registration number 434413. We offer direct access brokerage on all major financial markets combined with the latest and best integrated trading platforms for traders and institutional investors.

Our Service

ActivTrades® offers fast and reliable access to trading global markets via a range of state-of-the-art dealing platforms. All are robust and user friendly with a range of order handling and risk management tools to help keep you in control. Our innovative approach to the sector means we are always searching for new solutions. And of course, there is a personal service always available from our multi lingual team should you need it.

Our Direct Market Access platforms give you instant execution with the ECN (Electronic Communications Networks) for a range of futures and options on the US, UK and European exchanges. All with real-time quotes, charts and of course, low commissions.

In FOREX and CFDs you can trade with the incredible MetaTrader4 platform as favoured by serious traders around the world. Highly competitive spreads, sophisticated charting and algorithmic trading capabilities with easy-to-use risk management tools.

Professional Multi Lingual Support

Our multi lingual team is at your service during all trading hours to assist you with any technical or administrative support you may require. We can help you maximise the power of your trading platform and answer any queries you may have relating to financial markets.

ActivTrades Trading information

WWW http://www.activtrades.com/
Address ActivTrades PLC, 110, Middlesex Street, London E1 7HY
Headquarters London
Free phone +44 207 392 8700
24 hour support
Partnership programs
Free education
Mobile trading
Automated trading
Daily analysis
24 hour trading
Scalping
Hedging
PAMM
Commissions
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type variable
Pip spread on majors 2
Leverage 400:1
ECN, $ 1000
Standard account, $ 250
Mini account, $ 1
Other payment methods
Popular payment methods Credit Card, PayPal, Wire Transfer
Account currencies EUR, USD, GBP
Other instruments CDFs, currency pairs
Other languages
Languages English
Platforms MetaTrader 4
Regulation FSA
Foundation 2010

Review Rating - 4
Here one can trade on shares and currencies like EUR, GBP, CHF, USD – not a wide choice but the trading with any pair of them is commission free. Though there are some fees with shares but I’m not interested in that. The broker allows automated trading and hedging and that’s good - I prefer mitigating the financial risks insuring myself against negative events. Here I can easily buy or sell any of the mentioned currency pair at a fixed exchange rate in the future compensating the loss potential. I’ll see the result of my trading here in a couple of months and leave another review here…

Review Rating - 4
It looks like there is plenty of everything here - quite a lot of different features. But if the balance in your account is not good enough, those options are useless because this broker often announces new requirements of margin increments tying hand and foot as far as the available funds become insufficient to continue trading the open positions. Why couldn’t they just make new margin increments enforceable only for new positions? It’s not only annoying but also difficult to forecast the trading and causes the losses. This problem inclines me to start with the other broker.

Review Rating - 3
I have been with ActivTrades for about 9 months. It took a while to discover that they are playing the game of being an honest and reliable broker, while in fact they're white board criminals.
The reason is that at a certain point I entered a (live) trade and made a nice profit. Several hours after I closed the trade, the trade (and profit) suddenly disappeared from my MT4.
I contacted them and they had to investigate the issue. The answer was that they had given me a wrong quote.
I discussed the matter that it was their responsibility. They gave me a quote, I acted and entered a trade and they accepted this trade. A while later I closed the trade and they accepted that too, and I collected the gain.
They did not inform me about anything, they just deleted the trade without any notice, several hours after I closed the trade.
The official result of the investigation was that a 'manifest error' occurred and that according to the contract we have, they were allowed to delete the trade (in their words 'correct').
It's very simple: At the moment I opened the trade, ActivTrades ACCEPTED the trade. When I closed the trade, ActivTrades ACCEPTED that too.
Just imagine when I go to a store for a bicycle. The seller and I agree on the price and I b u y the bike. I get the bike and the seller gets the money. The trade is closed. After a couple of hours I suddenly discover that my bike is missing and that the seller took my bike away without telling me anything. After this discovery, I ask what's that all about and he tells me that his system made an error and the price was incorrect, so he had to get the bike back.
The biggest problem is that ActivTrades hides behind their system. They blame their system. It's the systems fault. Furthermore they hide behind the rules they have. They are very polite thieves.
It's a very sad story. They told me this can happen anytime with any broker.
So if this can happen anytime, I cannot longer trust this company because they don't communicate upfront and they do not prove that an error really was the issue.
I withdrew my money and closed the account. I will never do business with them anymore. With ActivTrades it's just IMPOSSIBLE to actually gain, because at any given time, they can delete your profitable trades without warning.
I have communicated several times with them and they are not willing to solve the issue. Be warned about this broker.
Maurice

Login to add review   All ActivTrades Reviews

ActivTrades Forex News

All ActivTrades news
FBS Information
Orbex Information
 FXTM Information
FXCM Information
Larson&Holz IT Ltd Information
Trade360 Information