ActivTrades Review UK

Initially formulated in 2001 to provide a robust forex trading platform, ActivTrades have since expanded their offering to include CFDs, spread betting, indices, shares, commodities, financials, and ETFs.

Since then they have won multiple prestigious awards including Best Online Trading Services at the ADVFN International Financial Awards and Safest Global Broker at the International Investor Business Award.

ActivTrades have a number of trading tools and features designed to make your trading experience as smooth as possible and the proprietary platform, ActivTrader, has been heralded as a simple and convenient platform without any loss of the functionality you would find at MetaTrader 4. There is also a good level of education available through the trading platform and highly responsive customer service is available via live chat 24 hours a day.

I suggest you read my full ActivTrades review for further details of this forex broker so you can make an informed decision as to whether ActivTrades can meet your needs.

Who are ActivTrades?

ActivTrades are a global forex, spread betting, and CFD online broker. They are headquartered in London with offices in Milan, Nassau, Sofia, and Luxembourg and are authorised and regulated by the Financial Conduct Authority (FCA).

Who owns ActivTrades?

Chairman Alex Pusco founded ActivTrades in 2001 in Switzerland as a platform to trade forex. Since then the company has continued to expand its reach and product offering on a global scale, moving to London in 2005.

ActivTrades product range overview

Forex trading

There are more than 50 forex pairs available at ActivTrades with zero commission and some of the tightest spreads in the industry from 0.5 pips on the EURUSD.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and spreads from 0.23 points in the S&P 500 which represents some of the best spreads in the industry. There are no overnight fees or hidden fees of any description to worry about.

Commodities Trading

At ActivTrades there are 22 commodity CFDs including metals, energies, grains, and softs with spreads that start from 0.005 points on gas.

Share CFDs Trading

Trade more than 1000 company shares without ever owning the underlying security. At ActivTrades you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.

ActivTrades Trading Platform

Whilst ActivTrader have provided access to the ever-popular MetaTrader 4, in addition to the more professional platform, MetaTrader 5, they also have their own proprietary ActivTrades platform which has an excellent reputation among traders. Given that MetaTrader 4 and 5 are well-known platforms, for the purposes of this review, I have assessed the proprietary platform, ActivTrader.

ActivTrader web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. Where the web trading platform falls short is with its lack of social trading however, it is well-designed with a number of useful features.

There is a two-step login for additional security and you can search for an asset using its name or by category. Order types include:

• Market order
• Limit order
• Stop order

And order time limits include

• Good ‘til cancelled (GTC)
• Good ‘til time (GTT)

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use with clear information relating to commission, swap fees, and performance. You can also view the history of an asset, however, this does require you to leave the platform and go to a website where all reports are available in HTML.

There are also the following useful features available on the trading platform:

Progressive Trailing Stop

This provides protection by providing scope for traders to set multiple tiers that automatically modify as changes to the market happen and predetermined trigger prices are reached.

Trailing stop

By trailing the position of a current price, this can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works in a similar way to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders in relation to a specific instrument.

Hedging

This allows you to mitigate some of your risks by investing in the same product in a different direction.

Charts

Real-time charts provide up-to-the-moment information including historical trends, forecasts, and current trends.

ActivTrader mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality. However, I was disappointed that there was no two-step login for additional security.

There is biometric authentication which represents a nice level of convenience for traders and the actual design is well laid out and easy to use with customizability that allows you to change between dark and light themes. I found the mobile app to be fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts which can be monthly or yearly for currency pairs or indices etc. Clicking on the alert will automatically open the app on the instrument in question.

ActivTrader desktop trading platform

To use the desktop platform you will need to use MetaTrader 4 or MetaTrader 5 as their own proprietary platform is for web and mobile only. MetaTrader 5 is designed with professional traders in mind, leaving MetaTrader 4 as an alternative for beginners and intermediate traders.

Sadly MT4 is a little outdated in its design, however, there is excellent customizability, and some good search functions as well as a choice of several languages.

MT4 is a long-standing favourite for traders, initially developed to trade forex. There are several tools and technical indicators designed to enhance your trading activity.

ActivTrader have developed a number of tools to enhance MT4 including:

The Smart Order2 – this provides scope for using multiple functions at once whilst increasing your trading speed completely free of charge.

SmartLines – this utilises Trendlines in order to automatically execute charts without as much intervention from the trader and without time delays.

SmartCalculator – allows traders to identify rewards and risks in order to assist with risk management.

SmartTemplate – utilises chart signals to identify long and short trading opportunities with clear timeframes.

ActivTrades education

ActivTrades offers the following educational resources:

• Demo account
• Seminars
• One-to-one training
• Webinars
• Educational videos
• Education manuals
• FAQs

Whilst many other brokers will offer a few of these options, it is rare to find the inclusion of one-to-one training, designed to help you understand the main features of the platforms, and how to take full advantage of your Personal Area. You will learn how to utilise the SmartTools on offer and all the research tools to help you get started on your trading journey.

Demo trading is a particularly useful feature as it allows retail traders to familiarise themselves with the platforms and markets in a real-life environment without any risk to their personal funds. This can help traders get to grips with some of the advanced trading tools on offer when trading forex.

ActivTrades customer service review

There are several channels for getting in touch with customer support including phone, email, live chat, WhatsApp, and telegram. When I tested live chat my query was dealt with immediately without even the intervention of a chatbot. My only gripe would be that I was asked to provide my email address and phone number before being connected to an agent which felt like an unnecessary step.

The service provided on both email and phone was of a similar standard, with fast, relevant responses to my queries.

Customer service is provided 24/5 which is above average.

ActivTrades Deposit and Withdrawal

Before making your first deposit, you will need to choose between the following base currencies:

• EUR
• USD
• GBP
• CHF

Deposit options include:

• Bank transfer
• Credit and debit card
• Paypal and Sofort
• Skrill
• Neteller

The minimum deposit is £10 which is low when compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account or electronic wallet.

There is a 0.5% fee in the UK for credit/debit card deposits however, these will appear in your broker account instantly. Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits and there are no withdrawal fees for electronic wallets and credit/debit cards. To make a withdrawal simply follow these steps:

1. Log into your ActivTrades account
2. Go to your Personal Area
3. Under ‘Transactions’ select ‘Make a withdrawal’
4. Select the account you wish to withdraw from
5. Enter the amount you would like to withdraw
6. Check the bank details
7. Select ‘Proceed’

ActivTrades fees

Fees can be separated into two main categories for a CFD and forex broker, trading fees, and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or as a financing rate.

Spreads are the difference between the bid and ask price for a foreign currency price. Here’s how ActivTrades spreads compare against some other forex brokers:

On CFD shares, commissions start from just 0.10% of the transaction value, however, spread betting on shares is commission free.

Non-trading fees

ActivTrades has very low non-trading fees as they do not charge deposit and withdrawal fees and there is no account fee.

There are inactivity fees to be aware of, however, these will only kick in once your account has been inactive for 1 year and you have a positive balance. Inactivity fees are charged at a rate of £10 per month.

ActivTrades FAQs