Trading Experts: Activ Trades Ranks 95th Among 350 Brokerage Firms

Traders Union (TU) has recently introduced an in-depth analysis of the British brokerage firm Activ Trades. This initiative aims to provide traders and investors with enhanced knowledge to better navigate their wealth management pursuits.

Assessing 350 showcased companies through a distinctive set of criteria, specialists have thoroughly examined the track record of each participant, giving particular importance to their financial track record, safety record, historical dependability, trading terms, and the caliber of their customer service.

Traders Union possesses exclusive access to information pertaining to its Union trade members, a privilege unparalleled in the Forex market. This unique access enables the platform to concurrently analyze vast volumes of investment data, ensuring the accuracy and reliability of its rankings.

In their most recent assessment, specialists utilized the TU Methodology, which employs a 10-point rating system to evaluate brokers. Those brokers achieving scores ranging from 8.0 to 10.0 are acknowledged as industry frontrunners for the review period, receiving the unequivocal endorsement of TU experts for investment.

However, Activ Trades has secured the 95th position during the latest ranking, garnering an overall score of 4.82 out of 10. According to TU experts, brokers with scores from 3.00 to 4.99 pose a significant level of risk. Therefore, they suggest that users explore a more dependable broker with improved conditions, as numerous client reviews indicate dissatisfaction with the company's performance.

A few of these shortcomings encompass limited customer support operating only 24/5 instead of the industry standard of 24/7, the absence of PAMM or social trading options, and the inability to engage in real stock trading.

Furthermore, the platform has faced criticism regarding the necessity for clients to furnish extensive financial information when opening an account and the restriction on depositing or withdrawing funds without undergoing a verification process.

Traders Union experts also conducted a comprehensive analysis of the fee structure at Activ Trades. The type of fee a client incurs is contingent on the specific trading instrument they are utilizing. The broker employs two distinct fee structures, with spread charges being applicable across all trading instruments except for CFDs on shares. It's worth noting that the spread is variable, and for the EUR/USD pair, it starts at a minimum of 0.5 pips.

Additionally, a fixed fee per trade is exclusive to CFDs on shares and is applicable solely to traders who have opened an individual account. This fee varies depending on the market where customers are operating, ranging from 0.05% of the transaction value on European exchanges (with a minimum of 1 EUR) to 0.02 USD per lot (with a minimum of 1 USD) on the NYSE (USA).

Apart from trading-related fees, the broker imposes an inactivity fee of 10 USD (or the equivalent in other currencies) per month if an account remains inactive for 12 consecutive months without any newly opened transactions. Furthermore, there is a fee associated with withdrawing funds via bank transfer.

In addition to the dissatisfaction experienced by clients, the company imposes a maximum leverage of 1:30 for private traders. The broker also offers very few options for passive investments and does not provide any investment programs, as its primary focus is on active traders, according to Benzinga. Moreover, the absence of a deposit bonus and cent accounts further sets it apart in terms of its offerings.

(Above mentioned article is consumer connect initiative. This article is a paid publication and does not have journalistic/editorial involvement of DMCL, and DMCL claims no responsibility whatsoever)