FxActive -Overview of Minimum Deposit, Spreads & Leverage
Abstract：FxActive presents itself as a brokerage that offers to trade in forex, indices, stocks and commodities. It also offers traders up to 500:1 leverage and over low spreads.
Note: For some unknown reason, we cannot open FxActives official site (https://fxactive.net/en/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
FxActive presents itself as a China-based forex brokerage offering its clients various tradable financial instruments with leverage up to 1:500, floating spreads from 0 pips and 0% commission on the MT4 and Web Trader trading platforms. Here is the home page of this brokers official site:
As for regulation, it has been verified that FxActive does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.
Market Instruments
FxActive offers 4 classes of trading instruments, including forex, commodities, indices, and stocks.
Leverage
In terms of trading leverage, FxActive says to offer leverage of up to 1:500, which would be more than enough for most traders. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
FxActive advertises spreads as low as 0 pips on majors and no commission charged. However, we couldnt test its downloadable MT4 in demo mode nor register an account with the broker to access their browser-based platform.
Trading Platform Available
When it comes to trading platforms available,FxActive gives traders two choices: MetaTrader4 and Web Trader. It is well known that MetaTrader4 is a hallmark in the industry and very popular with forex brokers. Not only for its excellent package of trading tools and instruments, but also for its humanized charting options and an array of technical analysis indicators that help traders predict the future direction of exchange rates and make a profit.
Deposit & Withdrawal
As seen on the website, it appears that FxActive is using the following payment methods: bank transfer, Qiwi, Yandex Money, and credit/debit cards. The Accounts section claims the minimum deposit to be $500. According to the FAQ withdrawals can take up to 24 hours to be processed, and there are no withdrawal fees.
Customer Support
The only way you can approach Adamant FX is via email: info@fxactive.net. This broker didnt bother to reveal other more direct contact information like telephone numbers or the company address that most brokers offer.
Pros & Cons
Reviews
Adam Koňařík - October 2nd, 2021
I invested €250 in FxActive. It is a fraudulent company that only receives money from people for appreciation, the trading account only simulates the cash invested with increasing profits, which creates additional incentives for clients to invest more money. And when a client asks them to pay a profit, the selection is not made, and people from the company ask for more investment and then stop communicating.
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