-- Announcement:
Traders Union experts have evaluated 350 companies in the Forex market as part of their regular search for the best players in the industry.
Among the highlights is ActivTraders, with the growth in the number of investors looking out for possible outliers in the financial markets.
Press release:
Traders Union’s ActivTrades review has placed the company on the 95th spot among 350 companies featured in the latest TU Ranking.
The platform generated an overall score of 4.82 which translates that the broker poses a significant level of risks to investors, based on the TU Methodology.
ActivTrades scored poorly in terms of user satisfaction, generating a score of only 4.45 out of 10. It offers round the clock customer support only five times a week, and is not authorized to trade real stocks.
Its user base is also highly saturated in Brazil, with 42.13% of its clients based in the country. Only a small percentage come from other active markets such as Italy, Germany, and Spain.
On the upside, ActivTrades offers more than 1000 trading instruments, while spreads start as low as 0.5 pips. The platform is also regulated by the UK Financial Conduct Authority, adding credibility to its name.
Traders Union’s assessment of ActivTrades using TU Methodology
Traders Union conducted a thorough assessment of ActivTrades using their TU Methodology, which involves evaluating a wide-range of parameters across financial standing, reliability, safety, trading conditions, and service work focus areas.
- To gauge the financial stability of these brokers, Traders Union experts applied 38 criteria, considering factors like solvency, trade performance trends, and the current financial health of the company.
- They assessed broker reputation and overall customer satisfaction using 27 criteria.
- Safety of funds held in broker accounts, including licensing and regulatory compliance, was evaluated through 18 criteria.
- Traders Union experts examined how well the trading conditions offered by each broker aligned with real-world trading scenarios using 15 criteria.
- An evaluation of the quality of technical and customer support provided by the platform was carried out, considering nine focus areas, including responsiveness to queries.
Traders Union’s TU Overall Score for ActivTrades
Traders Union recommends opening and funding accounts with brokers scoring between 8.0 and 10.0, as they are considered the most dependable in the Forex market.
Conversely, experts strongly advise against engaging in trading activities with brokers scoring 2.99 or lower. Here are is a more detailed look at Traders Union Overall Score’s different ranges:
- Brokers with scores from 8.0 to 10.0: Highly dependable platforms in the Forex market.
- Brokers with scores from 7.0 to 7.99: Highly reliable and trustworthy.
- Brokers with scores from 5.0 to 6.99: Mid-level companies generally considered reliable.
- Brokers with scores from 3.0 to 4.99: Pose a significant level of risk.
- Brokers with scores of 2.99 or lower: Not recommended compared to better-ranked counterparts.
Traders Union recommendations on Forex demo account free
Traders Union also suggests using a Forex demo account free of charge for those starting with trading, allowing them to practice without risking real money.
These demo accounts cater to various trading needs and expertise levels. Here are TU’s top recommendations.
- Roboforex (best MetaTrader demo account)
- Exness (best for advanced Forex trading demo)
- IC Markets (best ECN demo account)
- FxPro (best for demo CFD trading)
- eToro (best free stock trading)
- Oanda (best demo account for unlimited Forex trading)
- XM (best for Forex education)
About Us: Traders Union is a financial portal providing traders and investors with necessary information to make their endeavors in the financial markets profitable. Our mission is to build a space where traders and investors can quickly find information about the best brokerage companies that offer the most beneficial and comfortable working conditions in the financial markets.
Contact Info:
Name: Peter Halt
Email: Send Email
Organization: Traders Union.
Phone: +35725060055
Website: https://tradersunion.com/
Release ID: 89109158
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