04 October,2023 07:33 PM IST | Mumbai | BrandMedia
Recognizing the increasing demand for such information, the experts at Traders Union (TU) assumed a leading role, undertaking the groundwork to assist investors in conserving both time and resources.
The platform's Best Forex Brokers List for 2023 showcases the top performers in the industry, leveraging exclusive insights from Traders Union members, a privilege not extended to anyone else within the Forex market except for TU analysts.
This unique access enables the financial portal to analyze a multitude of investment data concurrently, resulting in a ranking that is both precise and reliable.
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The most recent TU ranking provides comprehensive ActivTrades Reviews, offering a comprehensive overview of all the pertinent details that traders require about this brokerage based in London, United Kingdom.
On the latest analysis, it garnered an overall score of 4.82 out of 10, ranking 95th among 350 companies featured in the TU ranking. Besides, the platform was deemed as a broker with higher-than-average risk.
In terms of the most influential parameters, the broker received a score of 4.45, 8.71, 8.57, 7.75, 4.47, 6.07, and 8.12 in user satisfaction, regulation and safety, commission and fees, trading instruments, brand popularity, customer support, and education, respectively.
Operating since 2001, ActivTrades has now additional offices in Italy, Bulgaria, Luxembourg, and The Bahamas.
It offers a sense of security to its clients as it operates on two licenses. The first one was granted by the British regulator, Financial Conduct Authority (FCA), with license number 434413, and the second one was accorded by the Securities Commission of the Bahamas (SCB) with license number 199667.
Despite having its headquarters mostly in Europe, the brokerage company is considered saturated in Brazil, having 42.13% of its customers coming from the region.
Meanwhile, 12.03% of its clients are located in Italy, 6.37% in Germany, 4.84% in Spain, 4.72% in France, 3.90% in Bulgaria, 2.63% in Portugal, 0.70% in Austria, only 0.41% in its main office United Kingdom, and 0.29% in The Bahamas.
Some of these customers expressed their love for ActivTrades services by leaving positive feedback on its website, including having a minimum deposit of $0, more than a thousand trading instruments, top-notch training, two different licenses, tight spreads from 0.50 pips, deposit insurance of up to a million US dollars, and a lightning-fast execution orders at an average rate of 0.004 seconds.
The firm's clients also love that it provides analytics and instruments to improve their trading efficiency. The best about it is that these are provided free of charge, regardless of the type of trading account.
On the other hand, Benzinga announces ActivTrades' low ranking in the Traders Union's recent analysis and reported that it was influenced by the broker's negative customer feedback and dissatisfaction.
Some of these include having only 24/5 customer support compared to other brokerage entities' service of 24/7, no PAMM or social trading, and not being authorized to trade real stocks.
The platform also received complaints such as clients needing to provide detailed financial information to open an account and not being able to make a deposit or withdraw funds without verification.
