ActiveFX Markets Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-09-25 14:41Abstract：ActiveFX Markets is an offshore broker. It provides multiple trading assets, like currencies, stocks, indices and commodities. Traders can trade on its own platform or popular trading platform MT5. However, it is not regulated by FCA or any other financial authorities.
ActiveFX Markets is an offshore broker. It provides multiple trading assets, like currencies, stocks, indices and commodities. Traders can trade on its own platform or popular trading platform MT5. However, it is not regulated by FCA or any other financial authorities.
Pros and Cons
| Pros | Cons |
| Multiple tradable assets | Not regulated |
| MT5 platform offered | Lack of transparency |
| Quite new in the industry |
Is ActiveFX Markets Legit?
ActiveFX Markets boasts about being based in the UK and licensed by the Financial Conduct Authority (FCA). However, FCA alerts that traders should be aware of scams.
What Can I Trade on ActiveFX Markets?
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptos | ❌ |
| Energies | ❌ |
Account Type
ActiveFX Markets offers two live account types, Micro and Super Premium accounts, with minimum deposit requirements of $100 and $5,000 respectively.
Leverage
The leverage of ActiveFX Markets is up to 500:1, which is higher than average brokers. But traders should know leverage can enhance returns, it also can increase losses.
Spreads
ActiveFX Markets spreads vary depending on account types, ranging from 0.3 pips on Super Premium account to 2.0 pips for Micro accounts.
Trading Platform
| Trading Platform | Supported | Suitable for |
| ActiveFX Markets platform | ✔ | Experienced traders |
| MT5 | ✔ |
Deposit and Withdrawal
| Payment Options | Min. Deposit | Fees | Deposit Processing Time | Withdrawal Processing Time |
| Bank wire | $100 | $25+ | 2-5 business days | 5-10 business days |
| Skrill | $100 | 2% | 1 hour | 24 hours |
| Neteller | $100 | 2% | 1 hour | 24 hours |
| Crypto | $100 | Fee depends on crypto | 24 hours | 24 hours |
Customer Service
| Contact Options | Details |
| Phone | ❌ |
| support@activefxmarkets.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | ❌ |
| Website Language | ❌ |
| Physical Address | Kemp House, 160 City Road, London, EC1V 2NX |
The Bottom Line
To sum up, ActiveFX Markets is not a good choice for trading. Traders first think about safety, while ActiveFX Markets is not regulated. In addition, it was founded in 2024, so it is a very new institution, which indicates lack of industry experience. Traders should keep cautious.
FAQs
Is ActiveFX Markets safe?
No, it is not regulated by FCA or other financial authorities.
Is ActiveFX Markets good for beginners?
No, the absence of regulation and details of information can take many risks for beginners.
Is ActiveFX Markets good for day trading?
No. The fees for withdrawal are very high.
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