ActivBroker – Is Your Investment Safe with Them?

Website URL: https://activbroker.com/

Founded: 2017

Regulations: Unregulated

Languages: English, Arabic, French, Spanish, Italian, Russian, Portuguese

Deposit Methods: Bank Wire, Debit/Credit Card, E-Wallet (Skrill, Neteller, Perfect Money, WebMoney)

Minimum Deposit: €250 for Basic Account

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Cryptocurrencies, Currency Pairs, World Shares, Precious Metals, Indices, Commodities.

Trading Accounts and Conditions

ActivBroker offers its clients 7 different account types from which to trade. The accounts are the Basic, Silver, Gold, Platinum, Black, Diamond and Prestige. The minimum deposit required to open an account (the Basic Account) is €250, which is at par with market standards.

To open a Silver Account, you need to deposit a minimum of €1,000. For a Gold Account, a minimum deposit of €1,500 is required. For the Platinum Account, a €3,500 minimum deposit is needed.

There are 3 premium account types, of which the Black Account is the lowest, and you need a €25,000 deposit to open such an account. For the Diamond Account, you need to have a minimum deposit of €50,000. And for the highest account type, the Prestige Account, you need a minimum deposit of €100,000 for Prestige Account.

ActivBroker – Advantages

There seem to be just two advantages that ActivBroker has to offer:

• Leverage

When you look through the broker’s website, there doesn’t seem to be any clear information on the exact leverage ActivBroker has to offer. However, details on the site show that leverage can go up as high as 1:400.

This is a massive ratio, which means that even the most aggressive traders will not have a problem with trading on this website. However, the caution is that with such high levels of leverage, you’re also looking at equally high levels of risk.

• Range of Assets on Offer

ActivBroker offers traders a range of assets with which to trade. It has cryptocurrencies, currency pairs (including some of the major currencies), CFDs on commodities, world shares, indices, precious metals, and cryptocurrencies.

ActivBroker – Disadvantages

The disadvantages far outweigh the advantages that ActivBroker has to offer:

• Lack of Regulation

ActivBroker claims to be owned by ActivBroker Ltd. UK. It’s website states that it is recognized by financial authorities in Europe and is regulated by the UK Companies House.

This claim is false, since FOREX brokers in the UK are overseen by the FCA (Financial Conduct Authority), or by a similar agency of other European Union member states.

Added to that, on investigation it was found that there is not such company registered with the UK Companies House.

Basically, this indicates that this broker – or even its parent company – is not regulated in any manner whatsoever.

Trading with an unregulated broker means that you are putting your hard-earning money at risk. When you use a legitimate broker that is bound by regulations, you will be compensated in case the trader closes down or loses money. And if the broker is indulging in unfair practices, it can be reported to the authorities.

However, when you trade on an unregulated broker’s platform, the broker could shut shop and disappear with all your money and you would not be able to do anything about it.

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• CONSOB Blacklisting

ActivBroker is on Italian government agency CONSOB’s blacklist. The broker has been blacklisted for suspected scamming activities. In fact, the agency has gone to the extent of instructing internet service providers to block access ActivBroker.

Additionally, it has been found that this broker has been found to be targeting unwary European investors despite the fact that it is not authorized to carry out business in unregulated financial markets.

• Non-Disclosure of Trading Conditions

When you go through ActivBroker website with a fine-tooth comb, you realize that trading conditions have not been disclosed. The only thing you know for sure are when the minimum deposits are for the 7 different account types on this website.

So, you get not information about the leverage, spreads, transfer fees and so on. This is clear indication of a scam and it is best that you do not invest your money with this broker.

• Trading Platform

ActiveBroker does not use the MetaTrader 4 (MT4) trading platform. Instead, the broker has what seems to be a platform that was built in-house, using a web-based interface. There are no analytics tools for traders to use, which means that you would be at a disadvantage from the start of your trading session.

Legitimate traders offer their clients tools to help increase their advantages while trading – charting tools, Expert Advisors, support for automated trading using trade bots, and so on. With this broker, you not only get a poorly designed web-based trading platform, you also don’t have any support to help your trade.

• False Claims of Awards Won

When you land on ActivBroker’s home page, you see there the broker has listed all the awards it has won.

These awards look really impressive – the 2015Trading Platform Award, the Brand of the Year Award, and the 100% Satisfaction Award. However, when you look closely, you realize that these are bogus awards – lies made up to attract more clients.

The images of these awards are blurred, and you have no idea who gave these awards to the broker. In fact, not only has the broker not won any awards, but the ones posted on its website don’t even exist!

To Sum Up Our Impression of ActivBroker

After an in-depth analysis of ActivBroker’s website, here are the pros and cons of using such a broker.

This is not a broker you should be trading with. ActivBroker has already been blacklisted by the Italian financial watchdog for its illegal operations and possible scamming activities.

Conclusion

Not only is its website unattractive and difficult to use, it is completely unregulated, and has published blatant lies on its website. All of these are indications that this broker is a scammer and that you would do well to completely avoid any interaction with ActivBroker.

ActiveBroker

2.7

User Experience

3.3/10

Payment Options

3.4/10

Security

2.8/10

Support

2.2/10

Reputation

2.0/10

Pros

• Levels of Leverage
• Range of Assets on Offer

Cons

• Unregulated
• CONSOB Blacklisting
• No Trading Conditions Outlined
• False Claims of Awards