The support department is at customers’ disposal round-the-clock, delivering quick assistance via multiple communication channels. Cryptocurrency traders face a modest selection of 15 digital coins, including BTC, BCH, ADA, ETH, DOT, XRP, LTC, DOGE, SOL, XLM, and UNI. These are tradable against the US dollar through contracts for difference, sparing you the hassles of setting up a crypto wallet. By way of comparison, contenders like Global Prime provide a choice of over 30 cryptocurrencies. Positions held overnight are subject to financing charges, with swap rates fluctuating based on the interest rate differentials of the two currencies comprising the respective forex pair. Swap rates are either positive or negative, largely depending on position direction (long or short).
Deposit Fees
It is important to remember that the analytics provided by the broker are an additional tool for traders and do not guarantee success in trading. Using the provided analytical materials and tools in conjunction with your market analysis and trading strategies is strongly recommended. The Islamic Account is designed for traders who adhere to Islamic banking and finance principles.
It supports trading platforms like MetaTrader 4 and MetaTrader 5, which are compatible with various automated trading systems and Expert Advisors (EAs). It should be noted that the availability of certain analytical services may depend on the type of your trading account and region of residence. To clarify your account’s available analytical tools and services, check the official ActivTrades website or contact customer support. The table below shows the maximum leverage values for each asset category.
- For comparison, OANDA offers over 1,600 share CFDs and 2,200+ shares for direct investment.
- ActivTrades is a regulated broker with FCA and CONSOB licenses, offering a wide range of trading instruments and platforms.
- KYC requirements largely depend on which ActivTrades entity clients register from.
- This type of account is intended for most individual traders and offers access to a wide range of trading instruments, tight spreads, and comparable order execution quality.
- There’s even an option to adjust the stop distance if specific price targets are met along the way.
MetaTrader 5 (MT
- There are many reasons why ActivTrades is the best forex broker for beginners.
- Some of the most important concepts to get your heads around in forex trading include spreads and leverage.
- ActivTrades offers its clients several popular and reliable trading platforms for executing trades in the financial markets.
The minimum amount you can trade is 0.01 lots, which corresponds to 1,000 units in a base currency. These flexible contract specifications render the broker a compelling option for small and large-volume traders alike. Conversely, swap rates are positive (you earn interest) when the interest rate of the bought currency is higher than that of the sold currency. At the time of writing, ActivTrades has swap rates of -1.07 pips for long positions in EUR/USD and 0.40 pips for short positions. Long positions incur swap fees of $10.70 per standard lot, whereas short positions earn interest of $4.0 per night. Positions in currency pairs and precious metals incur triple swap rates on Wednesdays.
This type of account does not involve the accrual of swaps or interest for overnight positions, according to Sharia principles. The Islamic Account is available for both standard and professional accounts. ActivTrades offers a set of core account types that meet the needs of most traders. The availability of individual and professional accounts provides flexibility for traders with different levels of experience and trading needs. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
Leverage
While its average spreads are better than the industry average, there is no active trading account or volume-based discounts, and ActivTrades offers fewer markets than the best multi-asset brokers. Apart from negative balance protection, clients are eligible for investor compensation of up to €25,000 under the Investor Compensation System (ICS). On top of that, the broker offers enhanced activtrades review compensation of up to $1 million per client (for clients registered under the Bahamas and Mauritius entities). All these factors combine to make ActivTrades an incredibly appealing option for traders who prioritize security. Clients are safeguarded from running up debt with negative balance protection, which is available to traders across all entities. Additionally, ActivTrades regularly audits its trading infrastructure to detect and eliminate vulnerabilities if necessary.
USDCAD
The native app delivers an equally robust trading experience as the desktop version. It works superbly on Android and iOS devices and offers a plethora of advanced functionalities, including market sentiments, Trailing Stop orders, and personalized watchlists. Consult the table below for further information on the native ActivTrader app. ActivTrades is renowned for its attractive pricing structure, where trading expenses result solely from spreads and swap rates for overnight positions. According to the broker’s order execution statement, ActivTrades acts as a counterparty and deals on its own account. The broker sources liquidity from third-party providers to determine its price quotes and manage risk.
All that said, commissions and fees at ActivTrades will largely depend on the assets you trade and the availability of individual assets will vary depending on the platform you use. Trade the world’s largest and most liquid market with unbeatable spreads and lightning quick execution. Given the multiple licenses it holds, it is no surprise that ActivTrades upholds exceptionally high standards for security, compliance, and reliability. The broker enjoys an excellent reputation in the industry and receives heaps of praise from customers on Trustpilot, where it has achieved a 4.4-star rating. The company opened a branch in Lisbon roughly at the same time after receiving a license from the Portuguese Securities Market Commission (CMVM).
Forex Risk Disclaimer
We should also warn you there is a 15-minute delay in demo account price quotes. The beauty of forex trading is that there’s no perfect time to trade forex pairs. The forex market operates almost 24/7, so there are trading opportunities in all four corners of the globe throughout the day and night.
We Are With You Wherever You Trade, so Is MetaTrader 5
Customers at the offshore divisions can withdraw their profits to a cryptocurrency wallet. The deposited amount generally reflects in your live trading balance within half an hour or less. We recommend you register a live account in your native currency, if supported, to avoid the 0.5% conversion fee. Here is a complete breakdown of the deposit methods available at ActivTrades.
Account types
The service is offered in 8 languages, and we can confirm the availability of English, French, Spanish, Portuguese, German, Italian, Chinese, and Arabic. Traders can speculate on the price fluctuations of 33 indices measuring the performance of the largest companies in Australia, Brazil, China, Japan, Europe, and the United States. The most prominent examples are DAX 40, China A50, S&P ASX 200, EuroStoxx 50, Nikkei 225, and S&P 500. Customers can gain exposure to the index market through cash indices and futures. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.