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 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.
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.
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:
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.
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.
Activefxtrade offers several account types, but the specifics regarding their conditions are not clearly defined. Here are some general insights based on available information:
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.
Activefxtrade's fund management practices raise several concerns, particularly regarding deposit and withdrawal methods. The broker claims to support various funding options, including:
In conclusion, the lack of transparency in fund management practices is a significant drawback for Activefxtrade, making it a risky option for traders.
Activefxtrade claims to offer various customer support channels, including:
The lack of comprehensive customer support and educational resources further complicates the decision for potential clients considering Activefxtrade.
Activefxtrade claims to serve a global market, but specific details about its regional coverage are unclear. Here are some insights based on available information:
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.
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.
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