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ActivTrades broker – reviews of fraud on clients’ trading accounts
ActivTrades is a renowned Forex and CFD broker offering a wide range of trading instruments including forex, stocks, indices, commodities and more. The company has established itself as a mediocre provider of trading services. Clients actively publish complaints against the company, accusing the founders of fraud.
|Year of foundation
|Regulation and jurisdiction
Bahamas (SCB), UK, Portugal, Italy, Luxembourg, Brazil, Bulgaria
Address: 209 & 210 Church Street Sandyport
Phone: +1 242-603 5207
- Swap-free account
- Fake license
- Incompetent support managers
ActivTrades, MetaTrader 4, MetaTrader 5, TradingView
|Types of accounts
Bank transfer, Visa, Mastercard, Skrill, Neteller, AstroPay
Bank transfer, Visa, Mastercard, Skrill, Neteller, AstroPay
Up 0,5 pips
Forex, cryptocurrencies, indices, stocks, bonds, ETFs, commodities
The brokerage firm was founded in 2001 and has been actively developing since then, offering its clients innovative solutions in the field of online trading. The company is registered and regulated by leading financial authorities, which ensures a high level of protection and security for clients. ActivTrades has licenses from a number of regulators, including the Financial Conduct Authority (FCA) in the UK, which confirms its reliability and transparency of work.
There is no mention of the project in question in the UK Companies House register. The situation is similar with the public database of the FCA auditor. The founders of the office lied about legal registration and financial regulation, which raises doubts about the transparency of servicing traders.
In its activities, the project strives to provide clients with access to the most modern trading platforms and tools. The company is constantly working to improve its services to meet changing market demands and traders’ needs. However, in reality, it manipulates quotes, knocking out stop orders and causing losses for clients.
Fake advantages of an illegal broker:
- strict compliance with regulatory requirements and high standards of protection of client funds;
- access to a variety of markets including Forex, stocks, indices and commodities;
- use of modern technologies to ensure efficient trading;
- qualified support team ready to help at any time.
- an extensive set of educational materials to improve traders’ knowledge.
Nothing specific, just general statements from representatives ActivTrades official website project is used solely as a breeding ground for marketing traps. Swindlers always promise something, but when it comes to action, they immediately forget about all preliminary agreements.
Terms of trading with broker ActivTrades
Trading with a broker provides a variety of opportunities for traders of all levels. Types of available trading accounts:
- Individual: the account is intended for individuals. It offers access to all trading tools and platforms, including MetaTrader 4 and 5, as well as ActivTrader. Traders can trade CFDs on currencies, indices, commodities, stocks, ETFs and options;
- Professional (Pro Account): Designed for experienced traders who meet certain experience and portfolio size criteria. Professional accounts offer higher leverage and access to additional services and tools;
- Islamic: For traders following the principles of Islamic finance, the company offers an account without swaps and interest on overnight rollovers.
The broker in question has its own platform, offering an intuitive interface, advanced graphical tools and fast trade execution. The terminal is available both in the web version and in mobile applications. The counterparty also has alternative platforms in its arsenal:
- MetaTrader 4: popular program offers advanced trading and analytical functions, including the ability to use automated trading systems (advisers);
- MetaTrader 5: This is a newer version of the MetaTrader terminal, offering enhanced graphical analysis capabilities, more indicators and an improved trading system.
However, support for proven platforms is not yet an indicator of reliability ActivTrades personal account registered with scammers who retain the ability to manage quotes and also refuse to enter transactions into the interbank market.
Trading with a brokerage firm is carried out under the following conditions:
- leverage: up to 1:400 for professional accounts;
- minimum deposit: depends on the selected account;
- methods of replenishment and withdrawal of funds: bank transfers, credit/debit cards, electronic wallets.
Fraudsters describe trading conditions rather superficially, which is a chronic problem in all Forex markets. Crooks are experts at simulating trading, but they have nothing to do with real trading. Therefore, we are forced to lie to clients.
ActivTrades broker exposed
Beginners should avoid trading with a broker ActivTrades review The project showed a lot of problems that we should never turn a blind eye to:
- some customers report their accounts being blocked for no clear reason or for violations they did not commit;
- there have been cases where clients experienced delays or inability to receive their funds back;
- users who expressed dissatisfaction or tried to solve problems with their account were often ignored by the administration;
- some traders point to frequent technical glitches in the trading platform;
- in cases of technical failures, the company often refuses to be held responsible for possible losses of customers;
- the proposed training courses and webinars do not confirm their effectiveness, and the qualifications of teachers raise questions;
- there is no clarity in information about whether the broker’s transactions enter the real market, which automatically creates a conflict of interest. It is beneficial for the site administration that investors lose money;
- in RuNet there are often complaints about the poor quality of customer service and technical support;
- e traders report cases where slippage occurred to the worse side of the established stop losses.
Based on the above facts, we can conclude that cooperation with a broker is accompanied by serious risks. Clients lose money due to fault ActivTrades investments opening a trading account is a rash step.
Sharaga operates illegally in all jurisdictions, including Russia. The broker does not have a license from the Central Bank of the Russian Federation, while the sharaga declares its readiness to serve investors from this region, which is a violation of current legislation.
The broker refuses to disclose liquidity providers and place transactions on the interbank market. Founders ActivTrades They lied about FCA regulation and European registration. This is the main illegal scam, operating on the principle of a cheap Forex kitchen.
Reviews of the broker ActivTrades
Investors respond negatively to broker proposals for cooperation, accusing management of fraud ActivTrades reviews traders – an indicator of the company’s reputation. The project in question has been involved in scandals too often, and therefore does not deserve the loyalty of investors.
One of the main complaints is the collection of unexpected fees, including management fees, which are deducted from clients’ accounts without prior notice. This is especially worrying for newbies who don’t expect these kinds of hidden fees. In addition, clients point out inappropriately high spreads and commissions, which are not always clearly indicated and significantly reduce trading profits.
Many users face difficulties in executing trades due to frequent requotes, which creates obstacles to effective trading. There are also delays and issues with withdrawals, including the requirement to complete additional trades before the money is available for cashout. Customer service has also been criticized for long wait times for responses and ineffective resolution of customer problems.
Some users report confusing and strict requirements for account registration, including questions about past work experience and sources of income. Investors claim they have lost their investments due to problems with the platform or opaque trading conditions.
Many customers express general dissatisfaction with the services ActivTrades and warn other potential clients about the possible risks of working with this broker. Scammers constantly come up with absurd excuses in order to somehow justify the insolvency of the site.
Broker ActivTrades is a fraudulent project created to deceive ordinary people. The scammers were initially not interested in spreads, because their strategy was to make money from clients’ losses. Therefore, they block cashout and provoke slippage, problems with stop orders. In case of loss of money due to the fault of company representatives, you must make a chargeback, our experts will help you return your investment.
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