ActivTrades Forex broker review: Why pick them?
ActivTrades is one of the more decent brokers on the trading markets, and you’ll see why in a few moments. They are also very plentiful when it comes to features, tools, and technology. It’s a very good and convenient provider overall – again, as you’ll see.
You can get yourself an account there right away, you won’t regret it. If you want to know exactly why you won’t regret it – then stick around.
So, let’s see what ActivTrades have to offer.
What is ActivTrades?
ActivTrades have been around since 2001, and they are perceived as one of the most satisfying experiences in trading. It’s not saying much, given how most brokers are simply bad at their job. However, AT is not just comparatively good, they are decent objectively.
They don’t just give the access to Forex markets, but also to several other products:
- Indices
- Commodities
- Stock (shares)
- ETFs
Furthermore, every market category has several sections dedicated to spreads, margin details, general information and the timetable of when it’s best to trade in these products. They give you all the help you need to understand whatever it is you’re going to trade in.
The theoretical part is also represented by the informative material, like the trading dictionary, tutorials and education videos, all of which can be found under ‘education’.
But it’s not just the theory – you’re given a lot of practical material to work with.
Tools
Not only do you have a lot of general information to make your experience easier, but you’re also given a lot of technical help in the form of several trading platforms and trading tools.
The platforms are an easy part, there are 3 of them:
- MetaTrader 4
- MetaTrader 5
- ActivTrader
The MT4 is a flagman of modern trading, and the MT5 is its bigger brother with more tools and toys. But the ActivTrader is this broker’s own creation. It is a platform that enables you to look at up to 14 charts at the same time and monitor the current market trend very extensively.
There are also several basic tools and features to help you with the simple and advanced trading strategies and methods. The design of the interface is not the least amongst the advantages of this platform. It’s available on mobile, tablet, desktop and web.
The tools, however, are the technical instruments designed to improve your trading experience. Most can only be installed onto your MTs, which is a good reason to use them.
These instruments are various and affect your experience differently, but they are all very efficient in their own right. Some automate your trading routine, and others optimize the performance, calculate your risks or predict the trend movement in the nearest future.
You can explore them all in the ‘tools’ section under ‘platforms’ on the official website of ActivTrades.
Customer support
Customer support is very important for a broker. Poor customer support is a great indicator that you shouldn’t bother with a particular provider. A good customer support is very often an indicator of an honest and transparent organization.
ActivTrades has just such a service. The staff appointed to help the confused and uninformed out are very patient and knowledgeable. The requests are getting approved and replied to very quickly. That’s literally a definition of a decent client service.
The support is not just there to answer your questions or solve your problems, it’s also helpful (when it’s done properly) at returning the funds you unrightfully lost (not by trading, but by technical issues and such). They don’t appropriate any money that doesn’t belong to them – and that’s a terrific sign.
Financial aspects
Such great deals are seldom affordable, but ActivTrades is surprisingly not costly.
Firstly, the spreads are fairly tight, and can go down to 0.5 pips. The average is, certainly, often higher than that, but not by much. You can view the average and what they try to give you in the spread chart under each of the product categories under ‘markets’.
Note that you can get spreads much higher than that, but try to lower them as tightly as possible.
There are also commissions – some are charged when you deposit or withdraw your money. When you deposit, you’re only going to be charged on credit/debit card transfers, and the bank transfers are free. When you withdraw, it’s vice versa. The transfer systems (like PayPal) are always free.
And the commissions aren’t that high. Card deposits are charged 1.5% commissions, and the withdrawals are stable $12.7.
Withdrawing
Withdrawing is almost always a problem. Half the brokers out there don’t even let you withdraw your funds. They can have a form to do so, but, at the end of the day, your money will be gone. Some are more honest, but their over-the-top security (or incompetence) makes sure it takes a lot of time.
On ActivTrades, the transfer is complete the same day. Moreover, it doesn’t mean you need to wait until the day is up – often it means just a few hours (or even an hour). It’s very speedy, which earned the respect of many users, who left their warm feeling about it on the review aggregators.
In conclusion
It is a very decent broker – both in terms of technical capabilities and the attitude towards their users. It’s possibly the best broker in the world and surely the best in the United Kingdom. They won’t give you any trouble at all – the only thing that can slow your progress down is your own mistakes.
And even then, AT makes sure you lose as little as possible by providing you with some very effective trading tools.
In short – you’re highly advised to give them a go.
