ActivTrades no longer offers cryptocurrencies
In October 2019 ActivTrades announced they will no longer offer cryptocurrency trading. They will discontinue the cryptocurrency offerings on Sunday, 1st December 2019.
Founded in 2001, ActivTrades is an established forex broker that has a great reputation in the trading world. ActivTrades is based in London, but also has offices in Dubai. ActivTrades’ entrance into the cryptocurrency trading market follows the current industry standards taken on by forex brokers. Regulated under the FCA, this broker is a preferred choice for traders living in the UK.
Main Tradable Cryptos
- Established broker
- Very competitive spreads
- Trading platform is basic
- Limited amount of cryptopairs
- Does not accept clients from the US
Both demo accounts and live accounts are available with ActivTrades.
The sign-up process for a live account is quite bothersome. They require a lot of personal information from you.
You need to provide your annual income, net worth, trading experience, address, phone number, employment details as well as your tax information.
You’ll be happy to hear that signing up for a demo account is much less complicated!
ActivTrades also offers professional trading accounts. These are aimed at traders with larger trading capital or who work in the financial sector.
The cryptos on offer are limited: Bitcoin, Ethereum, Litecoin and Ripple. They are all paired with USD only. You will be trading cryptos as a CFD and you can only fund your account with fiat currencies.
Their cryptocurrency spreads are some of the best you will find, resulting in them being one of the best choices for cryptocurrency trading when it comes to spreads.
As such, your trading can be more flexible when trading with ActivTrades, though they have been known to have issues with slippage so keep that in mind.
There are a couple of platforms available to trade on ActivTrades.
Firstly, you can use the standard MetaTrader 4 and 5. They work well, though the user interface and ease-of-use need improvement.
Their browser platform, ActivTrade, is similar to the MetaTrader platforms. The platform has an interesting function that will be useful to any TradingView users.
There is an option in the top left to swap the chart window visual from ActivTrade to TradingView. If you prefer TradingView then you’ll have access via the platform!
You can also access ActivTrades on your phone via the MetaTrader 4 and 5 apps.
ActivTrades has an extensive FAQ and if that doesn’t solve any of your problems you can contact them through email, live chat, or phone. They have multiple phone numbers and emails available. Regardless of how you contact them ActivTrades is usually very quick to respond.
Their live chat has 14 different language options, although a majority are not available as often as English live chat.
On top of all of this, you also get your own account manager!
Aside from the customer support, ActivTrades has a good amount of additional content on their site. Education, seminars, and additional information are all easily accessible.
Overall, ActivTrades offers a lot toward their customers.
They are a well regulated and established forex broker and provide very competitive spreads.
The customer support is extensive, with account managers, live chat, and email support all on offer. Getting help with everything will be relatively easy for anyone to do.
Below we have outlined the pros and cons for ActivTrades. Have a read through and if you think you’d like to trade with this broker, you can sign up here. We have other broker reviews available, so if you’d like to check out a few different ones have a look at the menu to the right.
- Easy to register demo account
- Additional, personal details are required to sign-up
- MetaTrader 4 and 5
- ActivTrade browser platform has access to TradingView charts
- Their platform is pretty basic
- Established forex broker under FCA regulation
- Very competitive spreads for cryptos
- Low minimum deposit
- Slippage will be an issue
- Only 4 crypto pairs available to trade
- Personal account manager, live chat, email
- Quick response