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ActivBroker Review - is it scam or safe?

ActivBroker Review - is activbroker.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz ActivBroker
ActivBroker is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
Basic  €250 1:400  N/A
Silver  €1 000 1:400  N/A
Gold  €1 500 1:400  N/A
Platinum  €3 500 1:400  N/A
Black  €25 000 1:400  N/A
Diamond  €50 000 1:400  N/A
Prestige €100 000 1:400  N/A

 

ActivBroker offers its clients as many as seven account types, but is very limited in terms of information, including trading conditions, and corporate situation. The broker is not regulated, so if you are considering depositing any funds with them better read the following lines.

 

 

ActivBroker Advantages

 

Leverage of up to 1:400

ActivBroker hasn’t announced the maximum leverage ratio it provides, but we saw that the ones available on its platform are as high as 1:400, which will surely fit even the most aggressive trading strategy. Yet, you should always use higher leverage with extra caution, as it involves greatr risk of losses.

 

Comprehensive selection of assets

Another potential benefit of the broker is the rich and diversified product portfolio. ActivBroker offers trading in a lot of currency pairs, and various CFDs - on indices, commodities, precious metals, world shares, and cryptocurrencies like Bitcoin.

 

 

 

ActivBroker Disadvantages

 

Not regulated, despite the claims

This broker is allegedly owned by ActivBroker Ltd. UK, and says to be regulated by the UK Companies House and recognized by the European financial authorities.

 

This is a rather ridiculous claim, considering that forex brokers in the UK should be authorized by the Financial Conduct Authority (FCA), or by a similar governmental agency of another EU Member State. Furthermore, there is no such company registered in the UK Companies House, and it might not even exist. That said, it’s safe to assume that the real company (whatever it is) behind the brokerage does not fall under any regulatory oversight.

 

Regulation is the single most important factor for the safety of any investment and the fact that ActivBroker does not have a license is the most serious disadvantage of this broker.

 

Blacklisted by CONSOB

Furthermore, it seems that this broker illegally targets European Investors, although it is not authorized to operate in any regulated financial market. The broker has been blacklisted by the Italian financial watchdog, the CONSOB, as a potential scammer. Actually, CONSOB went as far as ordering internet providers to block access to the broker’s website.

 

Trading conditions not disclosed

As was mentioned above, ActivBroker has not presented on its website any trading conditions, other than the minimum investments required for the different account types it offers. So, potential clients are unaware of the spreads, leverage levels provided, transfer fees, etc. This is an obvious disadvantage that is actually very common among scam brokers.

 

No MetaTrader

On top of having a very sloppy and unprofessional website, ActivBroker offers its services on some unproven web-based interface, which is devoid of any analytics.

 

 

ActivBroker’s web-based platform. Click to zoom in.

 

There is no room for comparison with the industry leading MetaTrader4 (MT4) with its great charting and support for automated trading via the Expert Advisors, along with other features and functionalities most traders know well and enjoy using.

 

 

>> Choose some of the best MT4 brokers <<

 

 

Falsely claims to have won awards

 

 

Another thing that leaves a very bad impression is the fact that ActivBrokerhas included some obscure images on its website in an attempt to mislead (potential) clients that it has won awards such as “Brand of the year” or “Trading platform”. Not only that the broker hasn’t won any awards, but such don’t even exist.

 

 

Conclusion

 

Make sure not to deposit with ActivBrokeris - a shady offshore broker with recent warning from Italy’s financial regulator. When trading with such a broker, your entire investment is at risk, and it is very likely that you won’t be able to withdraw anything.

 

So, traders should direct themselves to better trading options to which we have linked throughout this review. As usual, our best advice to investors is to deal only with brokers licensed by reputable financial agencies like CySEC in Cyprus or ASIC in Australia.

 

 

>> Trade with a CySEC-regulated broker <<

 

 

To sum up the weak and strong sides of ActivBroker:

 

Pros Cons
Comprehensive selection of assets No financial regulation

Leverage of up to 1:400

Blacklisted by CONSOB
  Trading conditions not disclosed
  No MetaTrader
  Falsely claims to have won awards

 

Latest news about ActivBroker
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Traders` reviews for ActivBroker

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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