Activax Review 1
Cannot withdraw money to bank account




Activax Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
Cannot withdraw money to bank account
Activax has emerged as a forex broker that offers a range of trading options but comes with significant concerns regarding its regulatory status and user experiences. While it provides various account types and the popular MT5 platform, users have reported issues with withdrawals and a lack of regulatory oversight. This review synthesizes critical insights from various sources to provide a comprehensive overview of Activax.
Note: It is essential to recognize that Activax operates under different entities in various regions, which can impact the regulatory framework and user experience. This review aims to present a balanced view based on available information.
Category | Rating (out of 10) |
---|---|
Account Conditions | 3 |
Tools and Resources | 4 |
Customer Service and Support | 2 |
Trading Setup (Experience) | 5 |
Trustworthiness | 1 |
User Experience | 3 |
How We Rated the Broker: These ratings are based on a synthesis of user experiences, expert opinions, and factual data regarding Activax's offerings.
Founded recently, Activax is primarily known for offering forex trading alongside various other assets. The broker utilizes the MT5 platform, which is popular among traders for its advanced features and user-friendly interface. However, Activax lacks valid regulatory oversight, which is a significant red flag for potential users. The broker claims to provide access to over 200 trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Unfortunately, it does not appear to be regulated by any major financial authority, leaving traders exposed to considerable risks.
Activax operates without any valid regulatory licenses, which raises serious concerns about its legitimacy. According to multiple sources, including WikiFX, the broker has received a low trust score due to its unregulated status. This lack of oversight is a significant deterrent for many traders, as it increases the risk of fraud and poor trading practices.
Activax claims to support multiple currencies for deposits and withdrawals, including popular options like USD, EUR, and cryptocurrencies. However, user feedback indicates issues with withdrawing funds, with some users reporting an inability to access their money.
Activax advertises a minimum deposit requirement of $0, which may seem appealing to new traders. However, the lack of regulation and reported withdrawal issues should make potential users think twice before depositing funds.
The broker offers a 100% welcome bonus to new traders, which can be attractive. However, such promotions often come with stringent terms and conditions that may complicate withdrawals and overall trading experience.
Activax provides access to a diverse range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. While the variety is commendable, the lack of regulatory oversight raises questions about the safety and transparency of these trades.
Spreads at Activax start from 0.4 pips for certain account types, which is competitive. However, there are reports of hidden fees and complications in withdrawing funds, which can negate the benefits of lower spreads.
The broker offers a maximum leverage of 1:500, which can be appealing for experienced traders looking to maximize their positions. However, high leverage also comes with increased risk, especially in an unregulated environment.
Activax primarily offers the MT5 platform, which is well-regarded for its advanced features. However, the overall user experience is marred by concerns over the broker's regulatory status and reported issues with customer support.
Due to its unregulated status, it is unclear which regions Activax operates in. However, potential clients should be wary and conduct thorough research before engaging with the broker.
Activax reportedly offers customer support in multiple languages, including Vietnamese, French, German, Spanish, and more. However, user feedback suggests that the quality of customer service is lacking, with limited contact options and slow response times.
The absence of regulation significantly impacts the account conditions offered by Activax. Despite having various account types, the lack of oversight raises concerns about the security of funds and the fairness of trading conditions.
While Activax provides access to the MT5 platform, user experiences indicate that the tools and resources available are not as comprehensive as those offered by more established brokers. This can hinder traders' ability to make informed decisions.
User reviews consistently highlight poor customer service experiences, with many reporting difficulties in contacting support and resolving issues. This is particularly concerning in a trading environment where timely assistance is crucial.
Although the trading setup on MT5 is user-friendly, the overall experience is tainted by the broker's unregulated status and reported withdrawal issues. Traders may find themselves facing challenges that could impact their overall trading experience.
With a trust score of 1 out of 10, Activax's lack of regulation is a significant concern. Users are advised to approach this broker with caution, given the absence of oversight from reputable regulatory bodies.
While some users appreciate the variety of tradable instruments and the functionality of the MT5 platform, the overall user experience is compromised by concerns about withdrawal issues and the broker's regulatory standing.
In summary, while Activax offers a range of trading options and utilizes a popular trading platform, the lack of regulatory oversight and mixed user experiences raise serious concerns. Potential traders should exercise caution and conduct thorough research before engaging with Activax, as the risks may outweigh the benefits.