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Activefxtrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://activefxtrade.com/login.php, about the company's legal and temporary regulatory information, the company's address .

Activefxtrade Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Activefxtrade
Abbreviation
Activefxtrade
Company employee
--
Customer Service Email Address
support@Activefxtrade.com
Contact Number
+19164031005
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: For some unknown reason, we cannot open Activefxtrades official site (https://activefxtrade.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. General Information & Regulation Activefxtrade is allegedly a forex broker registered in the United States. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc. As for regulation, it has been verified that Activefxtrade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk. Negative Reviews A trader shared his terrible trading experience on the Activefxtrade platform at WikiFX. He said he was unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Market Instruments Activefxtrade advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet. Customer Support Activefxtrade‘s customer support can be reached by telephone: +19164031005, email: support@Activefxtrade.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Rating Index

  

Activefxtrade Forex Broker - Complete Information Guide

  

1. Broker Overview

  Activefxtrade is an unregulated forex broker that has come under scrutiny for its dubious practices and lack of transparency. The company claims to be established in the United States, but its operational legitimacy is questionable. According to various sources, including the Financial Conduct Authority (FCA) and other financial watchdogs, Activefxtrade does not hold any valid regulatory licenses, which raises significant concerns for potential investors.

  The company operates primarily in the retail forex market, targeting individual traders looking for forex and CFD trading opportunities. However, it is essential to note that Activefxtrade has received numerous complaints from users regarding difficulties in withdrawing funds, leading to its classification as a potentially fraudulent entity.

  Activefxtrade is not publicly listed and operates as a private entity. The lack of a robust regulatory framework and the absence of a solid operational history make it a risky choice for traders. The broker offers a variety of trading services, but its credibility is severely undermined by its unregulated status.

  The firm's website claims to provide various trading products, including forex pairs and CFDs, but specific details about its offerings are scarce. The absence of a clear business model and operational transparency further complicates the situation for prospective clients.

  

2. Regulatory and Compliance Information

  Activefxtrade operates without any valid regulatory oversight. The FCA has issued warnings about the broker, stating that it is not authorized to provide financial services in the UK. This lack of regulation means that clients do not have access to the protections typically afforded by regulated brokers, such as the Financial Services Compensation Scheme (FSCS) in the UK.

  The company's claimed regulatory affiliations are dubious, as the logos displayed on its website do not correspond to any legitimate regulatory bodies. This misrepresentation is a red flag for potential investors.

  Activefxtrade does not have any known regulatory numbers or licenses, and it does not adhere to the standards set by regulatory authorities, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. The absence of these measures indicates that investor funds may not be protected, making it a high-risk trading environment.

  In summary, the regulatory status of Activefxtrade is a significant concern, and potential clients should be cautious and consider the implications of trading with an unregulated broker.

  

3. Trading Products and Services

  Activefxtrade claims to offer a range of trading products, primarily focusing on forex pairs and CFDs. However, the specific number of available currency pairs and the details of other trading instruments are not clearly outlined on their website.

  The broker advertises that it provides access to various financial markets, including:

  • Forex Trading: Activefxtrade presents itself as a forex broker, offering numerous currency pairs for trading. However, the exact number and types of pairs available are not explicitly stated.
  • CFDs: The broker claims to offer Contracts for Difference (CFDs) on various assets, including indices, commodities, and cryptocurrencies. Yet, details about these products remain vague.

  Despite the broker's claims, there is a notable lack of transparency regarding the trading conditions, including spreads, leverage, and minimum deposit requirements for different asset classes. This lack of clarity raises concerns about the broker's legitimacy and reliability.

  Activefxtrade's product offerings appear to be limited compared to more established brokers in the industry. The absence of detailed information about their trading services further complicates the decision-making process for potential clients.

  

4. Trading Platforms and Technology

  Activefxtrade claims to support popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized in the trading community for their robust features and user-friendly interfaces. However, the broker's credibility is called into question due to its unregulated status.

  The broker does not provide sufficient information about its proprietary platforms or any unique trading technologies it may offer. The lack of clarity regarding the execution model—whether it operates on an ECN, STP, or Market Making basis—leaves potential clients in the dark about how their trades will be executed.

  Moreover, details about server locations and technical infrastructure are not disclosed, which is critical for assessing the reliability and speed of trade execution. The absence of API access and automation support further limits the trading capabilities for more advanced traders.

  In summary, while Activefxtrade claims to offer popular trading platforms, the lack of detailed information and transparency raises concerns about the overall trading experience.

  

5. Account Types and Trading Conditions

  Activefxtrade offers several account types, but the specifics regarding their conditions are not clearly defined. Here are some general insights based on available information:

  • Standard Account: The broker likely offers a standard trading account with minimum deposit requirements, spreads, and commissions, but exact figures are not provided.
  • Advanced Accounts: There may be options for VIP or professional accounts, but details are lacking.
  • Special Accounts: Information regarding Islamic accounts or corporate accounts is not readily available.
  • Demo Accounts: Activefxtrade may offer demo accounts for practice, but this is not confirmed.
  • Leverage: The broker's leverage offerings are not specified, which is crucial for traders to understand their risk exposure.
  • Minimum Trade Size: The minimum lot size for trading is also unspecified, leaving traders uncertain about the scale of their trades.
  • Overnight Fees: Details regarding overnight fees or swap rates are not provided, which is essential for traders holding positions overnight.

  The lack of clarity and transparency about account types and trading conditions is a significant concern for potential clients considering Activefxtrade as their trading partner.

  

6. Fund Management

  Activefxtrade's fund management practices raise several concerns, particularly regarding deposit and withdrawal methods. The broker claims to support various funding options, including:

  • Deposit Methods: Activefxtrade likely accepts bank transfers, credit cards, and electronic wallets, but specifics are unclear.
  • Minimum Deposit Requirements: The minimum deposit varies by account type, but exact figures are not provided.
  • Deposit Processing Times: The broker does not specify how long deposits take to process, which could affect trading timelines.
  • Deposit Fees: Information regarding any fees associated with deposits is also missing.
  • Withdrawal Methods and Restrictions: Activefxtrade's withdrawal policies are vague, and clients have reported difficulties in accessing their funds.
  • Withdrawal Processing Times: The time it takes for withdrawals to be processed is not disclosed, which can be a critical factor for traders needing quick access to their funds.
  • Withdrawal Fees Structure: There is no clear information on any fees associated with withdrawals, adding to the uncertainty for potential clients.

  In conclusion, the lack of transparency in fund management practices is a significant drawback for Activefxtrade, making it a risky option for traders.

  

7. Customer Support and Educational Resources

  Activefxtrade claims to offer various customer support channels, including:

  • Support Channels: Clients can reach out via phone, email, and potentially live chat. However, the lack of clarity regarding response times and availability raises concerns.
  • Service Hours and Time Zone Coverage: Specific details about the service hours and time zone coverage are not provided.
  • Multilingual Support: Activefxtrade may offer support in multiple languages, but this is not explicitly stated.
  • Educational Resources: The broker's educational offerings, such as webinars, tutorials, and eBooks, are not clearly outlined, limiting traders' ability to enhance their knowledge.
  • Market Analysis Services: Details regarding daily analysis, news updates, and research reports are lacking, which can be vital for traders seeking insights into market movements.
  • Trading Tools: Information about available trading tools, such as calculators, economic calendars, and signal services, is not readily available.

  The lack of comprehensive customer support and educational resources further complicates the decision for potential clients considering Activefxtrade.

  

8. Regional Coverage and Restrictions

  Activefxtrade claims to serve a global market, but specific details about its regional coverage are unclear. Here are some insights based on available information:

  • Main Service Markets: The broker appears to target clients primarily in the United States and possibly other regions, but this is not confirmed.
  • Regional Offices Distribution: There is no information available regarding any physical offices or regional offices, which raises questions about its operational legitimacy.
  • Countries/Regions Not Accepted: Activefxtrade does not disclose which countries or regions it does not accept clients from, which is critical for potential investors.
  • Special Restrictions: Information about any special restrictions on trading activities in certain regions is not provided.

  In summary, the lack of clarity regarding regional coverage and restrictions is a significant concern for potential clients considering Activefxtrade as their trading partner.

  In conclusion, while Activefxtrade claims to offer a range of trading services and products, the lack of regulatory oversight, transparency, and detailed information raises significant concerns. Potential clients should exercise caution and thoroughly research before engaging with this broker.

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Latest Reviews

Philippines

hi i meet NINA BENNETT in fb who used to be the account manager for actionfxtrade she share investment of bitcoin trading.so i trust i invested 3000 and i added my ethreum for investment amounting to 2500.after then i received email asking for $1900 for reactivation for withdrawal but no withdrawal for reason that i have to pay again for network fee amounting to $1000 then i paid 15000 but then again no withdrawal. hoping to help me out this to have my money back she left on fb messenger now.

Exposure

2021-12-28

Activefxtrade

News

WikiFX Scam Alert: FCA Issued A Warning Against Activefxtrade!

Exposure WikiFX Scam Alert: FCA Issued A Warning Against Activefxtrade!

The so-called brokerage Activefxtrade is nothing more than an outright scam, which was blacklisted by the Financial Conduct Authority in the UK.

Activefxtrade Forex Broker has an overall rating of 1.49, Regulatory Index 0.00, License Index 0.00, Business Index 6.88, Software Index 4.00 Risk Control Index 0.00.
Activefxtrade