The online brokerage firm ActivTrades requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with ActivTrades is generally $1000, which can be deposited via various methods including wire transfer, debit card, credit card and ewallet. It should be noted that the minimum deposit with ActivTrades may vary depending on the type of trading account chosen.
ActivTrades generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the ActivTrades minimum deposit?
The ActivTrades minimum deposit amount is $1000 to open a Standard Account on the platform. For the Islamic Account, the minimum deposit amount is $500, while it raises to $2000 for a professional account.
Deposits at ActivTrades are generally fee-free but if you use a credit/debit card you will incur a fee of 1,5% of the amount, though the first deposit is free.
The ActivTrades deposit features are listed in this table below:
| ACTIVTRADES DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| ActivTrades standard account | $1000 minimum deposit |
| ActivTrades islamic account | $500 minimum deposit |
| ActivTrades professional account | $2000 minimum deposit |
| Deposit Fees | 1.5% |
| Withdrawal Fees | No |
| Base Currencies | EUR, USD, GBP, CHF |
75.7% of retail CFD accounts lose money
Does ActivTrades offer deposit bonuses?
ActivTrades does not offer any kind of deposit bonus at the moment.
Should you be still interested in bonus offers, you may check our top 10 selection of forex brokers bonus promotions.
How does the ActivTrades minimum deposit compare with other major brokers?
The comparison between ActivTrades’ minimum deposit and those of other brokers can be found in this table below:
| Characteristics | ACTIVTRADES | PEPPERSTONE | FXPRO |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 ($200 recommended) | $100 |
| Deposit Bonus | No | No | No |
| Wire Transfer | Yes | Yes | Yes |
| Credit Card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Number of Deposit Methods | 7 | 9 | 7 |
| Account currencies | USD, EUR, GBP, CHF | USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
What are the ActivTrades account base currencies?
The ActivTrades account base currencies are EUR, USD, GBP, and CHF.
If you deposit a currency other than the account base currency, you incur a conversion fee.
How to deposit funds into your ActivTrades account: Steps to follow
The steps to follow to create an ActivTrades account are the following:
- Create an ActivTrades account:
You first need to open an account on the platform. If you are new to forex trading, you can open a demo account. The demo account comes with a 30-day trial period. With a demo account, you will get a good understanding of how the platform works.
Once you understand how the platform works, you can apply for an ActivTrades live account. You can skip the demo phase if you already understand how the platform works.
- Verify the ActivTrades account:
Once you apply for the live account, you will need to verify your account. It will entail going through a KYC process to ensure that you are a valid trader. For this process you need to have some basic documents like your passport and a utility bill or bank statement to prove your identity and address.
- Fund your ActivTrades account:
Once the account is verified, you can now fund your trading account. However, you will need to ensure that you adhere to minimum deposit limits.
- Wait for the ActivTrades approval:
Once you deposit the funds, wait for your payments to be processed, and you will receive a confirmation when the funds arrive in your account. You can then begin trading with ActivTrades on some of the many assets they offer.
What are the ActivTrades funding and deposit methods?
The ActivTrades deposit methods features and fees are listed below:
- Wire transfers: Wire transfers at ActivTrades do not charge fees, and are usually processed within 1 business day.
- Credit/debit cards: ActivTrades accepts Mastercard and Visa issued credit/debit cards. The fees here vary depending on where the trader is located. Within the EU, there’s a 0,5% fee, while outside of this region the fee is up to 1,5%. The processing time usually takes around 30 minutes.
- eWallets: the eWallets available at ActivTrades areNeteller, PayPal, Skrill, and SoFort. There are no charges, and the processing time here also takes 30 minutes.
If you are wondering why you should use eWallets then you might be interested in taking a look at some of the reasons why paypal forex brokers in particular are so popular.
What are the ActivTrades deposit fees?
ActivTrades doesn’t charge deposit fees, with the exception of eWallets where the fee can be up to 1,5% for non-EU traders, and up to 0,5% for EU traders.
Additionally, if you are using a non-matching base currency, you might have to pay a conversion fee.
