ActivTrades Information

Founded in 2001, ActivTrades is a brokerage firm, headquartered in London, with offices in Milan, Nassau, and Sofia. It initially focused on the forex business and then gradually expanded its product ranges, providing trading conditions and service support for clients in more than 140 countries. The company is regulated byFCA (UK) and SCB (Offshore, Bahamas) and offers a range of trading instruments, including Currencies, Commodities, Indices, Shares, Bonds and ETFs. ActivTrades also provides its clients with a variety of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as its proprietary platform, ActivTrader.

Pros & Cons

ActivTrades offers a good range of trading instruments, is regulated by a reputable financial authority, and offers various account types with negative balance protection and segregated accounts.

However, some clients have reported issues with trading platform stability.

Is ActivTrades Legit?

ActivTrades is regulated by both the Financial Conduct Authority (FCA) in the United Kingdom and the Securities Commission of the Bahamas (SCB).

The FCA regulation ensures strict adherence to financial standards and integrity within the UK as a Market Maker. Additionally, SCB regulation allows ActivTrades to hold a Retail Forex License in the Bahamas, providing broader international service under reliable oversight.

Market Instruments

At ActivTrades, you can trade over 1,000 different CFD instruments across 6 asset classes, including Currencies, Commodities, Indices, Shares, Bonds and ETFs. This provides clients with a diversified portfolio and the opportunity to trade a range of different assets.

Accounts

Traders can open either an Individual Account (which allows them to trade small and micro lots) or a Professional Account (minimum financial portfolio size of $500,000, Dedicated Account Manager) with ActivTrades. Beginner traders can test out the trading interface and get a feel for how the broker works with a free demo account. People who adhere to Sharia law can choose from two more account options: an Islamic (Swap-Free) Account.

Leverage

Leverage is capped at 1:30 in line with the EMSA regulations, the maximum leverage is 1:30 for currency pairs, 1:20 for indices and shares, 1:10 for commodities and 1:5 for cryptocurrencies. While only the Pro account holders can enjoy the maximum leverage of 1:400.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

ActivTrades' currency spreads begin at 0.5 pips, and its spreads on indices and financial CFDs are also 0.5 pips, both of which are competitively cheap.

It's also important to note that this is not a situation that can be fixed overnight (the underlying Futures price already accounts for the adjustment). Commissions for trading shares as CFDs begin at €1 per side, whereas spread betting on shares incurs no fees beyond 0.10% of the transaction value.

Trading Platforms

ActivTrades also stands out due to its platform selection, which features not only the company's proprietary platform - ActivTrader but also the popular MT4 and MT5 platforms, as well as a set of unique Add-Ons.

• Web Trading

The ActiveTrades trading platform is web-based, allowing trades to be made directly in the browser; it also has a dedicated app for the iPhone and iPad. The platform has an easy-to-use design but advanced functionality, such as access to more than 90 technical analysis indicators, for seasoned traders of all trading types.

• ActivTrader

The upgraded ActivTrader platform incorporates cutting-edge tools and features to provide a revolutionary trading environment. You can gain exposure to the Forex, Commodities, Financial & Indices, Shares, and Exchange-Traded Funds markets and trade over a thousand CFDs.

• MetaTrader4

ActivTrades' desktop trading platform MT4 is available to those who prefer a more traditional trading experience. In addition, the technology has been upgraded in accordance with the firm's security standards, and the use of sophisticated charts has made it possible to automate the tactics using EAs.

• MetaTrader5

New and improved features take online trading to a whole new level in MetaTrader5. More than 450 CFDs on equities with diverse characteristics and the option to auto-trade are available on the platform, and trading statements are seamlessly integrated.

Deposits & Withdrawals

ActivTrades accepts deposits via Bank Transfers, Credit/Debit cards, Neteller, Skrill, Sofort, and PayPal, while only Sofort is excluded from withdrawal methods.

Base Currencies:

EUR, USD, GBP or CHF

The minimum deposit is as high as $500.

ActivTrades minimum deposit vs other brokers

Deposits via credit/debit card UK&EEA are charged 0.5% fees, while credit/debit card non-EEA are charged 1.5% fees. Other deposits and all withdrawals are free of charge.

Most deposits are said to take 30 minutes (except for Bank Transfer deposits are processed on the same working day), while all withdrawals can be processed on the same working day.

More details can be found in the table below:

Customer Service

ActivTrades offers 24/5 multilingual customer service via live chat, telephone: +44 (0) 207 6500 567, +44 (0) 207 6500 500, email: englishdesk@activtrades.com, institutional_en@activtrades.com, request a callback, or messaging online. Help Center is also available. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. Company address: The Loom 2.5, 14 Gower's Walk, London, E1 8PY.

Education

ActivTrades provides comprehensive educational resources organized by subject, including webinars, seminars, manuals, news & analysis. In addition, you get access to a demo account, robust analytical and technical analysis tools within the platforms and exclusive add-ons that will help you study and trade more effectively.

Conclusion

As a whole, ActivTrades is a regulated broker that provides a wide range of trading instruments and platforms. The company offers several account types and has competitive trading fees with low spreads. The broker also provides negative balance protection and segregated client accounts.

However, ActivTrades has some negative reviews from clients regarding trading platform. Additionally, the broker charges deposit fees for some payment methods. Overall, ActivTrades may be a good option for experienced traders who prioritize low trading fees and a variety of trading instruments.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Note: At this time, we only have a cursory look at Turnkey Forex as the company's official website (https://turnkeyforex.com/ ) does not open properly.

Screenshot time: 02/03/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

Turnkey Forex is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Trading platforms

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Account types

Turnkey Forex provides two types of account, ECN and STP. Their mayor differences consist in spreads and commissions. The ECN account has a commission of 1 USD per lot but lower spreads, while the STP account requires no commissions buy a higher level of spreads.

Customer support

The support service provided by Turnkey Forex is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: CONTACTUS@TURNKEYFOREX.COM

Phone Number: +44 2032876620

Address: 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, Mauritius

Users exposures

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Frequent asked questions about Turnkey Forex

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

How much leverage does this broker offer？

The maximum leverage of Turnkey Forex is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.