ActTrader Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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PLEASE DON'T INVEST IN THIS RIPOFF COMPANY. After multiple calls to their support phone with no reply I still don’t have my money. I can sign into the account and see $16 000 but no doubt it’s fake and they have taken it. I requested money out two weeks ago and it still sitting as requested. It’s a SCAM.
Summary: The Acttrader platform has garnered mixed reviews from users, with many praising its user-friendly interface and advanced charting tools, while others express concerns over its regulatory status and limited broker availability. Notably, the platform offers a comprehensive suite of features suitable for both novice and experienced traders.
Note: It's important to consider that Acttrader operates through various entities across different regions, which can affect user experience and service quality. This review aims to provide a balanced and accurate assessment based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 8 |
| Customer Service and Support | 7 |
| Trading Experience | 8 |
| Trustworthiness | 5 |
| User Experience | 7 |
How We Rate Brokers: Ratings are based on user feedback, expert opinions, and factual data regarding platform features and performance.
Founded in 2000, Acttrader is developed by Act Forex, a U.S.-based technology company specializing in trading software solutions. The platform, also known as ICTS (Integrated Currency Trading System), is designed for algorithmic trading and is available in multiple languages. Acttrader supports a variety of asset classes, including forex, CFDs, equities, and options, making it a versatile choice for traders. However, it is important to note that Acttrader lacks robust regulatory oversight, which raises concerns about its trustworthiness.
Regulated Regions: Acttrader does not have a clear regulatory status, with some sources indicating it operates in regions with little to no regulation. This lack of oversight has led to skepticism among users regarding the safety of their funds.
Deposit/Withdrawal Currencies/Cryptocurrencies: Acttrader allows deposits and withdrawals in various fiat currencies, but specifics regarding cryptocurrency transactions are less clear. Users are encouraged to check with their respective brokers for detailed currency options.
Minimum Deposit: The minimum deposit requirement varies by broker, with some allowing accounts to be opened with as little as $50. This low entry barrier makes Acttrader accessible to a broader audience.
Bonuses/Promotions: Information on bonuses and promotions specific to Acttrader is limited, and potential traders should verify with their brokers for any current offers.
Tradeable Asset Classes: Acttrader supports a wide range of asset classes, including forex pairs, commodities, indices, and ETFs. This diverse offering allows traders to diversify their portfolios effectively.
Costs (Spreads, Fees, Commissions): The platform generally offers competitive spreads, but specific costs depend on the broker. Some reviews mention that while the trading costs are reasonable, they can vary significantly between different brokers using the Acttrader platform.
Leverage: Acttrader provides leverage options, typically up to 1:400, allowing traders to amplify their positions. However, users should be cautious, as higher leverage can also increase risk.
Allowed Trading Platforms: The Acttrader platform is available as a desktop application, web-based interface, and mobile app for both iOS and Android devices. This multi-platform availability enhances accessibility for traders.
Restricted Regions: Some sources indicate that Acttrader may not be available in certain jurisdictions, particularly in regions with strict regulatory requirements. It is advisable for potential users to confirm availability with their brokers.
Available Customer Service Languages: Acttrader offers customer support in multiple languages, catering to its diverse user base. However, the quality and responsiveness of customer service can vary depending on the broker.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 8 |
| Customer Service and Support | 7 |
| Trading Experience | 8 |
| Trustworthiness | 5 |
| User Experience | 7 |
Account Conditions (6/10): While the minimum deposit is low, the lack of regulatory oversight raises concerns about fund safety. Users are encouraged to conduct thorough research on the brokers offering Acttrader.
Tools and Resources (8/10): Acttrader excels in providing advanced charting tools and over 30 technical indicators, which are crucial for effective market analysis.
Customer Service and Support (7/10): Customer support is available in multiple languages, but the quality can vary significantly depending on the broker. Some users report delays in response times.
Trading Experience (8/10): The platform is praised for its user-friendly interface and customization options, making it suitable for traders of all experience levels.
Trustworthiness (5/10): The absence of robust regulatory oversight is a significant concern. Users are advised to be cautious and verify the credentials of the brokers they choose.
User Experience (7/10): Overall, users find the platform intuitive, but some report a learning curve due to its extensive features.
In conclusion, the Acttrader platform presents a viable option for those seeking a customizable and feature-rich trading experience. However, potential users should weigh the benefits against the risks associated with its regulatory status and broker availability.
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