There is no minimum withdrawal amount for fiat-based methods, but cryptocurrency users must cash out at least $25. Withdrawing from your live balance is a hassle-free process at ActivTrades as most payment go through within the same working day. The supported withdrawal methods overlap with those available for deposits. You can cash out from your account with Visa, Mastercard, PayPal, Skrill, Neteller, and bank transfers.
ActivTrades allows a variety of e-wallets, including Neteller and Skrill, for both deposits and withdrawals. Enter your preferred deposit amount and finish the authorization procedure. Like card payments, e-wallet deposits are often credited to your trading account immediately. ActivTrades offers CFD trading on popular cryptocurrencies such as Bitcoin and Ethereum. After one year of inactivity on a trading account, a monthly cost of £10 is applied. Yes, both MetaTrader 4 and MetaTrader activtrades forex broker 5 platforms supplied by ActivTrades enable automated trading using Expert Advisors (EAs).
ActivTrades is a well-regulated broker offering a popular range of trading options, including Forex, CFDs, cryptocurrencies, and more than 1,000 instruments in total. Regarding trading platforms, ActivTrades offers a good selection, including its proprietary ActivTrader platform, alongside popular platforms such as MT4, MT5, and TradingView. This gives it an edge over brokers like Xtrade, which is limited to its WebTrader platform, and competitors like OneRoyal, which offer fewer platform options. ActivTrades also provides access to advanced tools such as Trading Central and Trading Signals, further enhancing its platform offerings. Additionally, the absence of deposit and withdrawal fees for most payment methods is an advantage, making it cost-effective for regular transactions. However, a 0.5% currency conversion fee applies when deposits or withdrawals are made in a currency different from the account’s base currency, which can increase costs for some traders.
UK clients registered under the global division pay £9 for bank transfer withdrawals. Conclusively, ActivTrades has meticulously curated its deposit and withdrawal process to ensure seamless monetary operations for traders. Adapting to varied user preferences, ActivTrades provides its platforms in a format suitable for both Windows and Mac desktop users, offering a stable and comprehensive trading environment. Like CFDs, forex trading is executed on a spread basis, eliminating the necessity for separate commissions or fees. ActivTrades’ exposure to indices is equally enticing, allowing traders to invest in collective market movements., allowing traders to invest in collective market movements. For those with an eye on the future, the broker provides opportunities to delve into cryptocurrency trading, embracing the evolution of digital currencies.
ActivTrades Overnight Fees
ActivTrades’ customer support scores well in the diversity of communication channels, responsiveness, professionalism, and efficiency of solutions. Depending on your preferences and trading requirements, you can choose a suitable platform and start trading in the markets with ActivTrades. ActivTrades operates on a Market Maker model, where the primary source of income for the broker is the spread, i.e., the difference between the bid and ask quotes. Overall, the fees are reasonable, but high-volume traders might find some cheaper alternatives out there.
ActivTrades Customer Support Test
ActivTrades currently has swap rates of -0.71 pips for long positions in EUR/USD and 0.13 pips for short positions. Long positions incur swap fees of $7.10 per standard lot, whereas short positions earn interest of $1.30 per night. Positions in currency pairs and precious metals incur triple swap rates on Wednesdays.
- At ActivTrades, funds can be deposited and withdrawn using a wide range of methods including bank transfer, credit/debit cards, digital wallets, online payment systems, and crypto.
- The absence of a strategy tester is among the very few shortcomings of ActivTrader.
- Moreover, there are no interactive courses to help teach beginner traders how to navigate the trading world.
- Conclusively, ActivTrades has meticulously curated its deposit and withdrawal process to ensure seamless monetary operations for traders.
ActiveTrades customers can fund their live accounts free of charge when depositing with digital wallets like Skrill, PayPal, and Neteller. Traders registered under the offshore divisions can top up their balance for free using cryptocurrencies like Ethereum, Bitcoin, or Ripple. Credit and debit card deposits under the CMVM entity may incur additional fees of 0.5% or 1.5%. The exact rates depend on whether the card issuer is based in the UK/EEA or not. As the table above shows, ActivTrades spreads largely align with the industry average, although the broker outperforms several of its closest competitors. Some of the featured brokers offer commission-based accounts where overall trading expenses are lower due to significantly reduced spreads.
How to contact support?
ActivTrades provides five-digit price quotes for most available forex pairs. Let’s see how much a standard, mini, and micro lot of EUR/USD will cost you at ActivTrades. The examples below assume you open and close your positions within the same day, whereby you will incur no swap fees. KYC requirements largely depend on which ActivTrades entity clients register from. The account opening process takes roughly 5 minutes if you have all the necessary documents close-by.
ActivTrades compared with alternative brokers
The apps maintain functionality without sacrificing essential features, offering real-time charting with trading execution and management wherever traders find themselves. Traders should verify specifics about currency conversion fees due to variations based on account types and trading activities. ActivTrades has meticulously structured its account offerings to harmonize with the diverse trading aspirations of its clientele.
- In my tests, AcrivTrades’ live chat support usually responded within seconds, and agents got back to me via email within one business day.
- As an option for traders who desire a well-integrated, no-frills interface tailored to the broker’s specialized products, ActivTrader stands out from other platforms due to its efficient design.
- ActivTrades enables onboarding customers to test the waters risk-free by opening demo accounts that closely replicate conditions in the live trading environment.
- Beginning with the web-based ActivTrader, the platform has a straightforward layout comprising a watchlist, chart, and an order panel.
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 4.6-star rating. The broker is a counterparty in all transactions and profits solely from the spreads. Customers can calculate their trading expenses by multiplying their position size by the current spread while considering the pip value. Respectively, their trading expenses increase proportionally to their position size.
ActivTrades Swap Fees
ActivTrades proceeds to explain in its execution statement that it relies on external liquidity providers to minimize its risk exposure through hedging. As we previously mentioned, customers registering through the CMVM and FCA-licensed entities can apply for professional accounts. This account type is currently unavailable to traders onboarding from the Bahamas and Mauritius-regulated divisions of ActivTrades. Retail clients with verified live accounts can also upgrade to professional status if they satisfy the eligibility criteria.
On the other hand, the offshore entity of ActivTrades is subject to less regulatory oversight. ActivTrades is a mature broker that has been in business for over 20 years. Though the broker’s Trust Score of 81 (Trusted) is respectable, it holds fewer regulatory licenses than the most trusted brokers in our database. While testing the ActivTrader platform, I found some intriguing tweaks to order types.
The ActivTrader Web Platform is designed to provide traders with an intuitive and feature-rich trading experience. The platform includes standard Trailing Stop functionality, Hedging options for advanced trading strategies, and an integrated Market Sentiment tool that gives insights into market trends. ActivTrades’ fee structure is overall competitive, particularly for Forex trading, with low spreads on major currency pairs.