ActivTrades is a forex and Contracts For Difference (CFDs) broker currently headquartered in London, UK. It was founded in Switzerland in 2001 before it moved its headquarters to the UK.
The brokerage firm offers trading services across a wide range of markets including forex, shares, ETFs and cryptocurrencies.
In this review, we shall shed light on how ActivTrades works, its key features, its pros, its cons, and why you should use it for trading before giving our final verdict.
Being a forex/CFDs brokerage firm, ActivTrades is different from crypto exchanges in that it requires clients to create an account and deposit fiat money for use in trading. Crypto exchanges allow clients to only hold crypto assets in their account
Its product portfolio includes a range of stock indexes, commodity CFDs, ETF CFDs, Bond CFDs, futures CFDs, and cryptocurrencies. When it comes to cryptocurrencies, ActivTrades offers crypto-USD pairs only which are traded similarly to forex.
The account opening process is easy and fast and it takes 24 hours for the account to be verified. The process starts with the selection of country of residence, then adding personal information, selecting the type of trading account and the base currency you want to use, and finally uploading documents that include ID or passport, bank statement or utility bill, and photo.
The key takeaway here is that to note is that there are countries where ActivTrades does not accept clients and you may not be able to create an account if you are from any of those countries. These countries include the USA, Canada, Serbia, Guinea, Iran, Belarus, British Columbia, Islamic Republic of, Iraq, Japan, Poland, Syria, Afghanistan, US Virgin Islands, Yemen, and Zimbabwe among others.
Besides decades of experience in the industry, ActivTrades allows you to trade cryptocurrency CFDs in a simple user-friendly platform. The broker is a go-to trading partner, especially for cryptocurrency traders looking for something different from what is offered by the centralized and decentralized crypto exchanges.
Some of the things you will find of interest with ActivTrades include competitive spreads, top-notch educational tools, the negative balance protection policy, and insurance of clients’ funds by Lloyd’s of London.
ActivTrades is a CFD/forex broker that has been around for many years. In addition, it also allows the trading of cryptocurrency CFDs which is not common among many CFDs/forex brokers and crypto exchanges.
Besides offering a limited product portfolio, it has proved to be a reliable and reputable broker.
The education tools make ActivTrades a good broker for all traders; whether beginners or experienced.
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