ActivTrades Review 2020
ActivTrades was founded in 2001. Over the years, this brokerage has grown to become a global brand. ActivTrades has multiple entities, including ActivTrades PLC, which is authorized and regulated by the Financial Conduct Authority in the United Kingdom. There is a United Arab Emirates entity that is authorized and regulated by the Dubai Financial Services Authority (DFSA). The broker also has another body in the Bahamas that goes by the name ActivTrades Corp. This entity is authorized and regulated by the Securities Commission of the Bahamas.
ActivTrades offers a suite of MetaTrader platforms that were developed by MetaQuotes Software Corp. Apart from MetaTrader, you can get access to ActivTrades’ web-based platform. The broker offers 47 currency pairs, CFDs on two metals, 15 indices, 517 shares, and seven futures.
Is ActivTrades Safe?
With an overall trust score of 68 out of 99, ActivTrades is considered a high risk. ActivTrades is neither traded publicly, nor does it operate a bank. The broker is regulated by one tier-1 regulator, no tier-2 regulators, and one tier-3 regulator. The Financial Conduct Authority is ActivTrades’ tier-1 regulator.
Here is an extra read to learn about Trust Scores.
Offering of Investment: 7 out of 10
The table below summarizes the trading opportunities available in ActivTrades.
|Forex: Spot Trading||Yes|
|Currency Pairs (Total Forex Pairs)||47|
|CFDs – Total Offered||541|
|Social Trading / Copy Trading||Yes|
|Crypto Currency Traded as Actual||None|
|Cryptocurrency Trades as CFD||Yes|
Commissions and Fees: 4 out of 10
ActivTrades charges a minimum of a euro in commissions for the European share-trading service. While ActivTrades’ market data is free, the service is not available in real-time on MetaTrader 5 (MT5). For the U.S. market, the broker charges one euro a month plus a minimum commission per trade.
The forex spreads on offer are not great. It is quite ironic that the broker does not offer an “Active Trader program.” I say this to mean that there is no premium VIP service, spread discounts, liquidity rebates, etc. If you are looking for something like this, you’re probably looking for Oasis Trade.
Research: 6 out of 10
ActivTrades offers a wide array of research tools. These resources include periodic reports that are available through Active Trade analyses and market analysis on ActivTrades’ blog posts. The broker also has a collection of tools related to MetaTrader. These include Smart Pattern and Smart Focus indicators.
Platform and Tools: 7 out of 10
ActivTrades relies on MetaTrader through the MT4 and MT5 platforms. MT4 comes standard with some variation in functionality from broker to broker. The difference comes in how a broker sets the platform for trading. It’s all in the spreads, commissions, execution, etc.
Below is a summary of the standard MT4 and ActivTrades’ MT4 offering:
- SMART forecast and template indicator
- SmartOrder 2, an expert advisor module
- Economic calendar in MT5
- News streams from the Dow Jones Newswire
ActivTrades also offers trading services through its web-based app. With a simple layout and user-friendly interface, ActivTrades’ web-based app is quite impressive.
Mobile Trading: 6 out of 10
ActivTrades offers mobile trading through MetaTrader platforms. MetaTrader mobile is available for both Android and iOS devices. With the mobile version, you can set up trades and view charts.
Final Thoughts: 7 out of 10
In August 2018, ActivTrades received their ISO27001 certification from the International Standards Organization. Why is this important? The certification relates to the effectiveness of the company’s internal controls and how they handle clients’ funds.
Being in business since 2001 and the acquisition of additional licenses outside the EU improves ActivTrades’ trust score. This broker has a robust MetaTrader offering. The platform comes with a unique set of suites and indicators.
While ActivTrades may lack in some traditional research components, its MetaTrader tools justify its trading costs.
Below is a summary of the broker’s ratings.