Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. The service is offered in 8 languages, and we can confirm the availability of English, French, Spanish, Portuguese, German, Italian, Chinese, and Arabic. Some of our top trending blogs include basic forex terms you should know before trading and learn how to read forex charts like a pro.
ActivTrades does not charge deposit and withdrawal fees, making it a cost-effective trading environment for traders looking to minimize expenses. However, ActivTrades does impose a currency conversion fee of 0.3% when converting profits or losses from trading instruments denominated in a currency other than your account’s base currency. One notable drawback is that cryptocurrency trading is not available for UK clients under FCA regulation, though it is possible to trade cryptos on the other ActivTrades entities. The broker currently does not support copy trading, though it incorporates TradingView, the industry’s biggest social trading hub. Thus, ActivTrades’ clients can access hundreds of trading ideas and comments in real time.
Does ActivTrades operate a bank?
ActivTrades offers a comprehensive range of tradable assets, catering to the diverse needs and preferences of traders worldwide. With over 1,000 instruments available across multiple asset classes, the broker provides ample opportunities for portfolio diversification and exposure to various market sectors. Moreover, ActivTrades offers negative balance protection to its clients, ensuring that they cannot lose more than their account balance. This feature is crucial for managing risk and protecting traders from unexpected market volatility. I saw many reviews where people stated that it’s a broker for professionals, but it works not only for them. Yeah, the minimum deposit sum tells us that novices rarely have material opportunity to start trading with this broker.
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- The only thing they could improve is the spreads, but apart from that, everything is great.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
- Additional income may come from currency conversion and possibly some withdrawal fees, though there are no account opening costs.
Indices
These present a 360-degree view of current trading setups and utilize both technical and fundamental analysis. Contracts for difference (CFDs) are derivatives that speculate on the underlying asset’s price without physical ownership. My only two gripes with the platform are that the charts screen does not have a full-screen option, and that the lowest timeframe is 1 minute. The values listed below are for one full base currency contract (100,000 units). A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
However, while the asset variety is robust, it is limited to Forex and CFDs. The broker provides activtrades review transparent pricing with no hidden charges, integrating most fees into the spreads for simplicity. While spreads are competitive across various instruments, they may fluctuate depending on market conditions and the trading platform used.
$500 (SCB), $1000 (CSSF, FCA)
- Conversely, swap rates are positive (you earn interest) when the interest rate of the bought currency is higher than that of the sold currency.
- ActivTrader includes advanced charting tools powered by TradingView, as well as a range of order types and risk management features.
- A noteworthy feature is ActivTrades’ demo account, which serves as a primer for those wishing to test the waters without financial commitment.
- While testing the ActivTrader platform, I found some intriguing tweaks to order types.
- The support team is knowledgeable and ensures that issues are resolved quickly.
The broker’s impressive lineup of platforms includes its own ActivTrader, the seamless TradingView, and the popular MetaTrader 4 and MetaTrader 5. ActivTrades also steps up its game with its ultra-fast order execution speeds, averaging 4 milliseconds. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. The broker provides a nice range of tools for market research and analysis, including a dedicated news section and an economic calendar. 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.
The mobile platforms are optimized for speed and reliability, ensuring that traders can remain connected and responsive even when away from their computers. In recognition of the needs of traders who follow Sharia principles, ActivTrades offers an Islamic Account. This swap-free account is designed to comply with Islamic finance requirements by eliminating overnight rollover fees and other charges that are considered to be interest-based.
Withdrawals are generally processed efficiently, though fees may apply depending on the method used. For example, bank transfers incur a fee of £9, which may be a consideration for traders opting for this method. Additionally, traders should note that currency conversion fees of 0.5% may apply if the withdrawal is made in a different currency than the account’s base currency. Exploring ActivTrades’s tradable assets reveals a robust and diverse selection that appeals to various trader interests. Additionally, the broker’s cryptocurrency offering includes popular pairs such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). This variety provides ample opportunities for traders to engage with both established financial markets and the emerging cryptocurrency space.
Support Quality
MAM accounts enable professional money managers to trade for multiple clients, making it a suitable option for high-net-worth individuals or institutions looking for a more tailored investment strategy. These options, combined with the broker’s core offerings, offer investors various choices to diversify their portfolios. Traders can set price alerts and trailing stops to enhance risk management and react quickly to market changes. The platform also provides real-time economic news headlines, ensuring traders stay informed about global events. With one-click trading, 21 timeframes, and 8 order types, MetaTrader 5 offers a versatile and efficient trading experience tailored to meet the demands of modern traders. With an impressive array of tradable instruments, innovative tools, and a strong commitment to client support, ActivTrades emerges as a potent contender among the best online brokerages.
Fees are competitive as ActivTrades primarily uses a spread-based pricing model, with no commissions. Spreads are generally tight, especially for major currency pairs, but vary depending on the instrument. Unfortunately, there is no technical analysis from Trading Central or Autochartist.
Such topics could benefit from being organized into a new educational section. Until then, the Learn to Trade section makes up the remaining core of ActivTrades’ educational resources. ActivTrades offers a suite of tools seamlessly integrated into its platform to help users get in-depth market comprehension. For instance, push notifications help traders maintain vigilance by promptly updating them on market volatilities or account fluctuations. The platform also has trend exploration tools that grant users a lens to discern emerging market trajectories and understand the overall market direction. In an era of web-based solutions, ActivTrades allows traders to utilize its platform without additional downloads.
What are the fees on cryptocurrencies?
I opened a Standard account with the ActivTrade PLC entity and performed my tests on the web and mobile versions of the ActivTrades platform. ActivTrades has dedicated an entire section of its website to learning and education, demonstrating a strong focus on helping clients improve their financial knowledge. Bank transfers in US dollars are the sole exception to this rule as they incur a $12.50 fee at the EU-facing version of the website. Requesting a bank transfer withdrawal under the Bahamas and Mauritius entities will cost you £9. The company opened a branch in Lisbon roughly at the same time after receiving a license from the Portuguese Securities Market Commission (CMVM).
CFD trading fees aren’t extremely high, but they’re higher than the industry average. The platform doesn’t charge a commission, but the fees are included in the spreads, so they highly depend on the assets you’re trading. Thanks to the competitive spreads, the cost of entering and exiting the market is lower when you choose ActivTrades as your broker.
How does leverage work on ActivTrades?
Whether you’re a beginner looking to enter the markets or an experienced trader seeking advanced tools, ActivTrades offers the resources and support to help you succeed. For traders who prefer industry-standard platforms, ActivTrades offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are celebrated for their robust functionality, extensive technical analysis tools, and support for automated trading through Expert Advisors (EAs). These platforms provide a familiar environment for many traders, ensuring quick adoption and a smooth transition for those switching from other brokers. The Standard Account is aimed at the majority of retail traders who are looking for a straightforward, cost-effective way to access a wide range of markets. With competitive spreads—often starting as low as 0.5 pips on major Forex pairs—and no additional commissions on trade execution, this account type is ideal for those who want transparent pricing.
