ActivTrades Account Types Reviewed

ActivTrades, a trading form, offers customers different account types to help them trade any digital asset of their choice with an account type that meets their requirements. Before checking out their account types on this trading platform, you may consider getting an overview of the broker by reading our ActivTrades Review.

ActivTrades Account Types

ActivTrades’ traders enjoy the luxury of choosing from the multiple account types the trading platform supports. Some of the ActivTrades account types are:

Demo Account

ActivTrades Demo Account helps traders ease into trading in a real environment. It offers them an account to test run the trading account and determine its features before they start trading.

You can trade on the Demo Account with virtual money only. Hence, you can learn the trading ropes and improve your trading skills without actually risking your money.

The Demo Account replicates the real environment. Thus, while learning how to trade profitably on the Demo Account, you learn in an environment similar to the real account where you will trade with real money.

When you open a Demo Account, you are not indirectly signing a permanent contract with ActivTrades as their trading platform’s permanent user. You may open the account, use it to learn the trading tips, and move to another platform for any reason best known to you.

ActivTrades Individual Account

The ActivTrades Individual Account is another account type that comes fully equipped with features that will ease trading. Its features include:

A minimum deposit amount of $1,000 is required to use the Individual Account while offering traders an opportunity to trade over 500 different assets as CFDs.

You can swap the account to any account type of your choice for free and take advantage of its spread from as low as 0.5 pips.

ActivTrades Islamic Account

Muslim faithful can trade on the platform without breaking their belief by opening the ActivTrades Islamic Account for trading. The account’s features are:

A minimum deposit amount of $500 is all you need to start using the ActivTrades Islamic Account, and the account is only available in US dollars on MT4.

On MT5, traders can open the account on any of the supported base currencies and can swap the account with any other account type for free.

If you keep your position open for more than 24 hours, you will pay a replacement fee. Other competitors offer significant rollover free accounts, though.

ActivTrades Professional Account

Each trader that desires to open the ActivTrades Professional Account must meet two out of these three conditions first:

1. Your financial instrument portfolio, either in your bank or trading account, must be over €500,000.
2. Within the past year, you must have completed an average of 10 transactions of significant size per quarter.
3. You must possess the required amount of experience in the financial sector.

If you meet the condition above, you can open the account and see its features:

You must pay a minimum deposit amount of $2,000 to access the account and take advantage of its maximum leverage for professional clients, set at 400:1 on Forex.

While using the account, you will enjoy other features that will enhance your trading output, such as advanced charting/analysis tools and free VPS.

ActivTrades Account Opening

Thanks to its simple account-opening process, it will take just a couple of minutes to open an account on ActivTrades.

Live Account

The ActivTrades Live Account is the account type where real trading takes place. The account type is in sharp contrast to the Demo Account. After opening the account, the next step is to verify the account before trading with it.

Account Verification

The account-opening process isn’t stressful but easy and straightforward. You can verify your account in a matter of few minutes.

For account verification, you may need the following documents:

• Proof of Identity: This can be an ID or your passport.
• Proof of Residence: Your bank statement is enough to prove your residence.

Note that the documents you need for account verification depend on your country of residence.

Account Funding

ActivTrades supports several payment solutions to make account funding stress-free for its customers. The trading platform supports funding via bank transfer and major Credit and Debit cards such as MasterCard and Visa.

It also supports Skrill, PayPal, and Neteller, three of the most popular eWallets. Traders can fund their accounts with USD, GBP, and other currencies the platform accepts.

Minimum Deposit

The minimum deposit amount required to trade on ActivTrades depends on your location, although it is generally $1,000. Nevertheless, the amount can vary between $500 and $2,000. Your account type is another determinant.

Account Currency

Besides the US dollar and the British pounds, ActivTrades offers Euro and Swiss Franc (CHF).

ActivTrades Account Bonus

While ActivTrades offers appealing features to support its traders, it doesn’t offer account bonuses.

ActivTrades Account Deposit & Withdrawal

ActivTrades doesn’t charge a deposit fee. However, you may pay conversion fees if your deposit currency doesn’t match your account’s base currency.

For transactions you conduct via wire transfers, your bank may charge you a fee.

If you are an EU resident funding your account from outside the EU, you will be charged a 1.5% fee on your transactions. It takes 30 minutes or less to process deposits.

Note also that while withdrawals are free, you may be charged $12.50 for withdrawals you make in USD.

Withdrawals require a longer processing time than deposits. It can take up to 48 hours to process a withdrawal.

ActivTrades Account Management

ActivTrades manages users’ accounts to ensure that only serious-minded traders use the platform.

ActivTrades Account Inactivity

The demo lasts for 30 days. After the 30 days expire, the account becomes inactive. It is refreshing to know that ActivTrades doesn’t charge an inactivity fee.

ActivTrades Account Reactivation

If your wish to reactivate your inactive account, that’s possible. However, the broker may ask you to present some documents to initiate the reactivation process.

How to Close ActivTrades Account

If you ever want to close your ActivTrades account, withdraw your funds from your account first. Then, contact the broker support team to help you through the process.

Conclusion

Through the ActivTrades Demo Account, you can start your trading journey and learn what it takes to trade like a professional without risking your money.

Other account types serve different purposes to help traders actualize their trading dreams. Thus, ActivTrades give you several account type options to ensure that you trade on the account type that suits your trading goals.