Forexmart Overview
Telephone: +357-96789832
Regulation: CYSEC
Pairs offered: Major, Minor, Exotic currencies
Minimum Deposit: $100
Spreads From: 0.5 PIPs
Max Leverage: 30:1
Markets: Forex, commodities, and shares
Deposit Options

ForexMart Broker Review

ActivTrades is a leading online FX brokerage. With almost 20 years of experience in the industry, ActivTrades has racked up multiple awards over the years including Best Execution Broker, Best Customer Service, Best Online Trading Services, and Best Forex Broker UK. Clients can trade Forex in a demo mode for free or open an account and trade for real. A wide range of markets is supported, including spread betting, Forex, cryptocurrencies, indices, commodities, shares & ETFs.
This multi-award-winning Forex broker offers complete peace of mind with negative balance protection, fully segregated accounts, and additional insurance coverage up to £1 million. With 2 powerful trading platforms available – ActivTrader and MetaTrader – clients can test the financial markets with ease. The comprehensive educational centre offers added benefits to help you stay ahead of your game. ActivTrades PLC is fully licensed and regulated by the FCA (Financial Conduct Authority) with license #FRN 434413. The company is also a full-fledged member of the Financial Services Compensation Scheme (FSCS).
The brokerage is audited by PWC LLP (Price Waterhouse Coopers) and is fully authorized and regulated across multiple jurisdictions including the Dubai Financial Services Authority (reference #F003511). Full disclosures and information is provided for the London Office, and the Dubai Office.

Overview/ background

 

ActivTrades specializes in CFDs, Spreadbetting, and Forex trading. It is an independent brokerage based out of the United Kingdom, and it has offices in the United Arab Emirates too. This leading Forex brokerage is internationally revered for its value proposition. This includes client protection with segregated accounts, full affiliation and compliance with the Financial Services Compensation Scheme, and proprietary trading platforms with MetaTrader 4 and MetaTrader 5. ActivTrades subscribes to a comprehensive TCS (Treating Customers Fairly) policy at all times. The strengths of the company are evident in 6 key sectors:

  • Leverage of 1:400
  • Expert customer support 24/5
  • Up to £1 million of additional insurance through FSCS
  • Full mobile functionality for Windows, Android, and iOS users
  • No dealing desk and no human intervention in FX trading activity
  • Powerful FX trading platforms with MetaTrader 4 and MetaTrader 5

Among the many benefits available to traders are personalized training for all FX trading activity, quick and easy withdrawal options, negative balance protection, a variety of add-ons to improve your trading efficiency, educational tools and resources, and more.

 

Account Types

 

There are several account types available to Forex traders at ActivTrades. These include Free Demo Accounts, Individual Accounts, and Professional Accounts. With a demo account, you get to enjoy £10,000 in virtual funds. You can top up at any time. The Individual Account requires clients to complete a 3-step registration by entering personal details, financial and account information, and trading. The Individual Account is also available in a Free Demo version.

The Professional Account is the go-to option for professional traders and investors. To qualify for a Professional Account, it is necessary to trade in large volumes, with financial assets more than €500,000 across the board. Additionally, the account holder must be employed in a fully regulated financial institution for at least 1 year with extensive industry experience related to the FX services that are being traded. ActivTrades requires documentary evidence of this professional work experience. For most casual traders, the individual account will suffice, and it offers a powerful set of features to assist you in your daily trading activity.

 

Trading Platform/ software

 

There are two types of trading platforms available to Forex traders. These include the proprietary brand – ActivTrader, and MetaTrader. Once you open an account with the ActivTrader Platform, you can access 90+ market indicators to assist with all manner of technical analysis, charting, and the like. A multitude of financial instruments is available, including commodities, bonds, cryptocurrency, metals, indices, and currency pairs. It is possible to trade on smartphones, tablets and phablets – Android and iOS devices. Additional features include take profit and stop loss, as well as extensive risk management and analysis. 1-click trading allows you to enter the financial markets with ease and execute trades instantly.

MetaTrader 4 is the gold standard when it comes to Forex trading. No other platform is more trusted or universally used than MetaTrader. For Forex traders, all the top features, functions and elements are accessible through MetaTrader 4. It is ideally suited to a wide range of financial instruments such as indices, commodities, currency pairs, fixed income trading, cryptocurrencies and the like. Clients can enjoy a wide range of benefits such as strategy testing, 50 pre-installed indicators, trading across 9 different time zones, a history of your trades, price alerts, trailing stops, and some 21 languages. With MetaTrader, you can stay ahead of the curve with full mobile functionality. Thanks to MetaTrader 4, you can also enjoy WebTrader features wherever you go.

 

Deposit options

 

Traders will see a wide range of deposit options in the Personal Area of the brokerage. Deposit methods are limited to a handful of tried and trusted payment options such as bank transfer, credit cards, debit cards, Skrill, and Neteller. For deposits, there are no fees on bank transfers and UK debit cards, Sofort, Skrill and Neteller, and transactions can typically be processed within 30 minutes. Debit cards in the European Economic Area, credit cards in the UK and the European Economic Area incur charges of 0.25% – 0.75% respectively. Outside of the UK and the EEA, credit card fees are levied at 1.5%. It is possible to use your personal bank account to fund your account, noting that your money is being transferred into a segregated account at ActivTrades. For further information on deposit options, click here.

 

Markets

 

There are three primary markets available to clients at this brokerage: Forex trading, commodities trading, and shares trading.

Forex trading – USD/JPY, EUR/USD, GBP/USD, EUR/CHF, GBP/CAD, GBP/JPY, USD/CAD, USD/CHF, AUD/CHF, AUD/USD, EUR/AUD, GBP/AUD, NZD/JPY, EUR/PLN, USD/CNH, USD/MXN and more.

Commodities trading – Light Sweet Crude Oil, natural gas, coffee, copper, corn, wheat, soybeans, cocoa, cotton, sugar and others.

Shares trading – shares trading takes place on exchanges, including Europe, London, and New York.

 

Bonuses

 

We contacted customer support for details of any bonuses or promotional offers. Since this is an FCA regulated brokerage, they do not offer bonuses or promotions to clients.

 

Customer Support

 

Customer support is available through several channels, including live chat functionality. When live chat operators are available, this is the quickest way to get resolution on your questions. Other contact options include the UK telephone number (+44-0-207-6500-500). The email address is [email protected] . If you live in the UK, the telephone number is 0207-6500-500 and the support desk is +44-0-207-6500-567. Customer support is available 24/5.

The London address of the company is:

ActivTrades PLC

1 Thomas More

Square

London E1W1YN

UK

 

Safety

 

Safety and security is always at the forefront at ActivTrades. Besides FCA regulation, clients also enjoy funds protection with enhanced insurance. The multi-pronged approach to protecting your account includes balance protection, segregated accounts, and up to £1 million in additional insurance.

 

Ease of Use

 

UK Forex traders should have no problems finding their way around this brokerage. The 2 primary trading platforms offer clear benefits to traders and they are easily accessed at the click of a button. The account options include a Free Demo Account, an Individual Account, and a Professional Account. You can trade Forex with spreads starting from just 0.5 pips, with a maximum leverage of 1:400.

 

Final Thoughts

 

ActivTrades makes it easy to get started with Forex trading. The user interface and trading platforms are designed for casual traders and professional traders alike. Plus, you also get to use a demo account with £10,000 in virtual money to test the financial markets with zero risk to yourself.

Pros
  • CYSEC Regulation
  • Demo Accounts
  • Dozens of Forex Pairs
Cons
  • Limited banking options
  • No bonuses or promotions
  • FSA Penalty issued in 2011
Forexmart Overview
Telephone: +357-96789832
Regulation: CYSEC
Pairs offered: Major, Minor, Exotic currencies
Minimum Deposit: $100
Spreads From: 0.5 PIPs
Max Leverage: 30:1
Markets: Forex, commodities, and shares
Deposit Options
Pros
  • CYSEC Regulation
  • Demo Accounts
  • Dozens of Forex Pairs
Cons
  • Limited banking options
  • No bonuses or promotions
  • FSA Penalty issued in 2011