Traders can pick between two distinct ActivTrades account types, in addition to which, ActivTrades also offers a swap-free Islamic account and the ActivTrades demo account. All ActivTrades account types are available on MT4, MT5, and the proprietary ActivTrader trading platforms. I have conducted a comprehensive analysis of ActivTrades account types to determine the differences between the individual and professional options.
ActivTrades Account Types Features | Individual | Professional |
Minimum Deposit | No minimum deposit requirement (except for traders from Brazil and China, where a $500 minimum deposit applies) | No minimum deposit requirement (except for traders from Brazil and China, where a $500 minimum deposit applies) |
Minimum Forex Spreads | 0.5 pips | 0.5 pips |
Commissions | Commission-free | Commission-free |
Maximum Leverage | 1:200 (some entities limit it to 1:30) | 1:400 |
Minimum Trade Size | 0.01 lots | 0.01 lots |
Account Base Currencies | EUR, USD, GBP, SEK, CHF | EUR, USD, GBP, SEK, CHF |
How to Open an ActivTrades Account - Step-by-Step
A swift, user-friendly online application handles the onboarding process for the ActivTrades account types. Please note that the geographic location of traders determines the operating entity of ActivTrades and the competitiveness of trading conditions.
Below is a step-by-step guide on how to open an ActivTrades account:
1. Click “Start Trading Now” or “Sign Up” on the ActivTrades homepage.
2. Submit your country of residence, first and last name, e-mail address, and desired password. Click “Accept & Continue.” The next page asks for a mobile phone number, followed by your date of birth, country of birth, and nationality. Other data includes your tax residence and residential address. ActivTrades also engages in data mining, asking for personal details mandated by regulators under the guise of a financial assessment of the trader. They include employment details, employer name, positions, annual salary, value of savings, initial deposit, and source of funds. Since ActivTrades does not require confirmation of submitted data, traders may fill it out at will unless they apply for a professional account.
3. ActivTrades complies with global AML/KYC requirements, making account verification mandatory. Most traders pass it by uploading a copy of a government-issued ID and one proof of residency document.
Restricted countries:
- During my ActivTrades broker review, ActivTrades did not list accepted or restricted countries
ActivTrades Account Features
During my ActivTradesreview, the ActivTrades fees for the individual and professional accounts were identical. The EUR/USD target spread is 0.5 pips, but average spreads range between 0.8 and 1.5 pips or $8.00 to $15.00 per 1.0 standard round lot.
All ActivTrades account types offer traders the following:
- MT4, MT5, and the ActivTrader trading platform
- Algorithmic trading in MT4/MT5
- TradingView for social traders
- Maximum Forex leverage of 1:200 for retail traders (some entities limit it to 1:30)
- Negative balance protection
- Customizable ActivTrades demo without expiry (if traders use it once per 30 days)
- EUR, USD, GBP, SEK, and CHF as account base currencies
- Swap-free Islamic accounts
- €20,000 investor compensation fund or up to 90% of deposits (for EU-based traders)
- MiFID II and GDPR compliant (for EU-based traders)
- Enhanced client protection up to $1M (for all traders)
Noteworthy:
- The primary difference between the ActivTrades account types is maximum leverage
ActivTrades Account Pros and Cons
Before funding an account, traders may consider the pros and cons of the ActivTrades account types.
The Pros of the ActivTrades Account Types
- Three unique trading platforms
- Algorithmic trading
- TradingView
- 1:200 maximum leverage with negative balance protection
- Balanced asset selection
- A choice of payment processors, including cryptocurrencies
- EUR, USD, GBP, SEK, and CHF as account base currencies
The Cons of the ActivTrades Account Types
- No volume-based rebates for high-volume traders
- Data mining during the account registration
ActivTrades Account Types Bottom Line
The four ActivTrades account types are individual, professional, Islamic, and demo. There is no ActivTrades minimum deposit requirement, except for Brazilian and Chinese traders. The ActivTrades withdrawal methods include e-wallets and cryptocurrencies. The minimum trade size is 0.01 lot or 1,000 currency units, and the account base currencies are EUR, USD, GBP, SEK, and CHF. ActivTrades is an STP market maker. ActivTrades does not have a minimum account deposit, except for traders from Brazil and China, who must deposit at least $500 or a currency equivalent. All traders over 18 who do not reside in a restricted country identified by ActivTrades can open an ActivTrades account. ActivTrades does not have a micro account but supports micro lot trading.FAQs
What type of broker is ActivTrades?
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