Acttrader Brokers: Are they Outdated? Let's find out

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 10 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

Are you looking to trade with ActTrader brokers? Well, your search ends here.

In this guide, we are going to tell you what an ActTrader is, and the ten best forex broker alternatives for it.

If you want to dig deeper into the forex brokers, then check our list of top 10 forex brokers.

Table of contents

What is ActTrader?

ActTrader is a trading platform developed by New York-based ActTrader Technologies, Inc. It acts as a third party in the trader-broker relationship and allows traders to trade Forex, CFDs, stocks, ETFs, forwards, options, bonds, and binary options.

Nowadays, brokers do not provide ActTrader, preferring instead to use MetaTrader.

There aren’t many ActTrader brokers left, and most of them are merely regulated by tier-3 regulatory agencies, such as:

  • FxView
  • GCI Investing
  • Fxplayer
  • FX Capital Street

As a result, we do not suggest trading with ActTrader Brokers and instead propose other options.

Top 10 Best Forex Brokers alternative for ActTrader (2021)

Here is a list of the ten best forex brokers alternatives for 2021:

Visit Broker
81% of retail investor accounts lose money

1. FXTM

With over 250 instruments to select from, FXTM allows traders worldwide to trade the markets.

They offer tight spreads, quick execution, innovative trading tools, and added risk protection and security to their clients through stringent regulation.

FXTM offers a variety of account types and leverage options to accommodate all sorts of traders.

Moreover, with strong interbank liquidity for rapid transaction execution speeds and No Dealing Desk (NDD) technology to avoid a conflict of interest, spreads start at only 0.1 pips.

They can design a solution to your needs, whether you’re a retail or corporate client, using trading platforms that use cutting-edge technology and some of the most competitive trading conditions.

FXTM offers various trading accounts with flexible leverage, powerful trading platforms across many devices, competitive trading conditions, and low minimum deposits starting at just $10.

80
Rated: Excellent
Security 94
Cost 71
Trading 71
Education 80

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, Proprietary Web Platform Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, FSC (Mauritius) Minimum Deposit: 10
Visit Broker
79% of retail investor accounts lose money

2. AvaTrade

AvaTrade was founded in 2006 and has since grown to become one of the top trading firms in the world.

AvaTrade offers various trading instruments, including Forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, options, bonds, CFDs, and exchange-traded funds (ETFs).

Traders may access over 1250 instruments via different trading platforms for PC, tablet, and mobile. This contains MetaTrader 4, the world’s most popular trading platform.

Through DupliTrade and ZuluTrade, AvaTrade offers a comprehensive selection of free instructional materials, trading tools, and copy trading platforms to traders of all levels.

With their trading accounts, AvaTrade keeps things easy. There are two types of accounts: regular retail and professional.

If you are situated in the EU, you must have completed sufficient trading activity in the previous 12 months, have appropriate financial sector expertise, or have a financial portfolio of over €500,000 to qualify for the professional account. This is owing to the EU’s stringent rules.

AvaTrade does not charge a fee for trading; instead, they charge a set spread that begins at 0.9 pips.

82
Rated: Excellent
Security 94
Cost 78
Trading 75
Education 72

Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
Visit Broker
73.57% of retail investor accounts lose money

3. XM

XM Group was created in 2009 and has since evolved to become a major and well-known trading broker worldwide.

Traders may pick from various trading instruments at XM Group, including Forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

Moreover, all instruments are accessible to trade on 16 trading platforms from the same trading account, making trading easier and more efficient.

Within the research and education department of the XM Group, there is a huge collection of instructional resources. Daily market updates, economic events, training videos, webinars, seminars, and more are available.

The XM Group offers three different account types with various trading conditions to suit the demands of both novice and experienced traders.

The minimum deposit is only $5, and you can select between no commission accounts with marked-up spreads or variable spreads starting at 0 pips for a $3.5 fee.

The XM Zero account has no spread mark-up and charges just $3.5 per $100,000 moved in commissions. This works out to $7 per round turn for a single ordinary lot.

77
Rated: Excellent
Security 94
Cost 74
Trading 65
Education 68

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 5
Visit Broker
76% of retail CFD accounts lose money

4. IG Markets

IG was founded in 1974 as one of the earliest trading brokerages and has since evolved to become a market leader.

IG provides traders with access to over 17,000 markets, including FX, equities, indices, commodities, cryptocurrencies, and more, all at reasonable rates and with quick transaction execution speeds.

IG offers various materials to help you identify opportunities – and take your trading to the next level – whether you’re new to the markets or just want to brush up on your abilities.

The IG school is a place where you may improve your trading abilities and knowledge.

IG offers a variety of account options, each with its own set of features to meet the needs of various investors. In addition, certain accounts are only available to residents of specific countries.

Depending on your trading needs, you can trade through one of the foreign offices. In addition, multiple accounts can be opened, and trades can be made with more than one IG office.

A $250 deposit, or the equivalent in your account currency, is required to create a trading account. There is leverage available up to 1:200 (1:30 for EU and some non-EU clients).

90
Rated: Excellent
Security 98
Cost 62
Trading 100
Education 84

Platforms: Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA Minimum Deposit: 300
Visit Broker
73% of retail investor accounts lose money

5. XTB

They began as X-Trade in 2002 and merged with XTB in 2004 to become one of the leading Forex and CFD brokers on the stock exchange, having offices in over 13 countries, including the United Kingdom, Poland, Germany, and France.

The XTB group is governed by some of the world’s most prestigious regulatory bodies.

XTB offers a wide selection of instructional resources to assist you in achieving your trading objectives. This provides individualized teaching for traders of all abilities and types.

They now have 45+ FX currency pairings available, with spreads starting at only 0.1 pips and micro-lot trading. Forex trading is offered five days a week, 24 hours a day.

Due to European Securities and Markets Authority (ESMA) regulations, leverage on Forex currency pairings of up to 1:200 is allowed with a 1:30 leverage ratio for EU clients.

The XTB Standard account is the only account category offered by XTB. The minimum deposit amount is $1. Market execution is available on this account, and also have access to all of XTB’s markets and trading instruments.

82
Rated: Excellent
Security 95
Cost 76
Trading 75
Education 72

Platforms: Mirror Trader, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, Offshore Minimum Deposit: 0
Visit Broker
75% of retail investor accounts lose money

6. EasyMarkets

easyMarkets is a registered online trading broker that allows traders of all levels to trade over 200+ trading instruments in worldwide markets, including Forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, options, bonds, CFDs, and exchange-traded funds (ETFs).

easyMarkets is delighted to be a market maker since it allows them to maintain stable spreads no matter how volatile the market is.

They don’t make trading impossible, and the terms are always the same. Due to set spreads and no slippage on their online platform, costs may be estimated before making a deal.

EasyMarkets offers a variety of articles, videos, and eBooks to help you improve your trading skills. They are available to anybody who registers an account for free and covers various subjects for both novice and experienced traders.

The VIP account for the easyMarkets web/app platforms or the VIP account for MT4 are the two major account categories. The account you choose will very certainly be determined by the platform you intend to utilize.

Apart from the platform, the primary distinction is that the VIP account for web/app offers lower total trading expenses due to narrower spreads and no slippage.

A $100 minimum payment is required for the VIP account. On this account, the minimum position size is 0.05 lots, with fixed spreads on the EURUSD starting at only one pip.

80
Rated: Excellent
Security 93
Cost 85
Trading 68
Education 65

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit:
Visit Broker
74-89% of retail CFD accounts lose money

7. FBS

FBS Inc. was founded in 2009. The broker now has offices and partners in every corner of the globe.

Traders may purchase and sell over 75 different trading products with FBS. In addition, the popular MT4 and MT5 trading platforms are available for use.

The broker utilizes an ECN and STP brokerage model, which means they don’t trade against you or take the opposite position as a market maker would.

The Currency Guidebook is a comprehensive guide to the world of forex trading. Beginners, elementary, intermediate, and experienced traders will find it useful. Articles, photographs, and helpful graphics make up the guide.

FBS offers a total of 28 forex pairings, including both major and minor currency pairs. There are also nine unusual pairings, five metal commodities, three CFDs, and 33 US stocks.

FBS provides accounts in the following denominations: cent, micro, standard, zero, and ECN. The minimum initial amount for the cent account is $1, and the floating spread starts at one pip.

The trading commission is included in the spread. The maximum leverage is one thousand to one. The initial balance for European customers is €10, and the leverage is 1:30.

A $100 minimum payment is required for the VIP account. On this account, the minimum position size is 0.05 lots, with fixed spreads on the EURUSD starting at only one pip.

80
Rated: Excellent
Security 93
Cost 86
Trading 68
Education 60

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, ASIC, FSCA, CYSEC, Offshore Minimum Deposit: 1
Visit Broker
69.6% of retail investor accounts lose money

8. Axi

Axi was founded in 2007 in Sydney, Australia, and is part of the AxiCorp Group, which has evolved to become one of the world’s top internet brokers.

Axi has a free education centre with a variety of basic, intermediate, and advanced courses for traders of all levels. eBooks, webinars, video lessons, and a glossary are all available at the centre.

Axi offers a diverse selection of trading instruments across several markets, including Forex, commodities, cryptocurrencies, stocks, shares, indices, metals, energy, bonds, CFDs, and exchange-traded funds (ETFs).

Axi offers regular and pro accounts, both of which are customizable to meet the needs of individual traders.

All accounts come with easy and safe financing as well as powerful trading platforms and tools. The spreads, commissions, and minimum deposit requirements are the primary differences between the accounts.

There are 140+ FX pairs, Metals, and CFDs to select from in each account. Due to ESMA limitations, leverage up to 1:500 is permitted, with EU leverage restricted at 1:30.

The basic account features no minimum deposit requirement, flexible spreads starting at only 0.4 pips, and no commission fees.

82
Rated: Excellent
Security 95
Cost 84
Trading 71
Education 72

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA, Offshore Minimum Deposit: 0
Visit Broker
67% of retail investor accounts lose money

9. FXCM

FXCM was formed in 1999 to provide financial market access through new tools and favourable trading circumstances.

The broker uses a No Dealing Desk (NDD) brokerage methodology. In addition, FXCM claims that the implementation of sophisticated trading technologies is responsible for speedier execution.

Every day, clients are provided free access to webinars. FXCM’s professional analysts lead this session. There are also videos from previous seminars that have been filmed.

On its platforms, FXCM provides over 66 trading products. There are 39 currency pairings, five cryptocurrencies, thirteen indices, and nine commodities to choose from.

When compared to many other brokers mentioned in this list, this is a small selection of instruments.

Regardless of the account type, FXCM deducts its trading costs from the spread. As a result, the spread is changeable, and it is determined by the liquidity and volatility of the market.

For the EURUSD, the usual spread starts at 0.7 pips for UK websites and 1.3 pips for others. This is because European clients have a maximum leverage of 1:30, whereas other clients have a maximum leverage of 1:400.

81
Rated: Excellent
Security 94
Cost 73
Trading 73
Education 83

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform Regulations: FCA, ASIC, FSCA Minimum Deposit: 50
Visit Broker
74-89% of retail CFD accounts lose money

10. FP Markets

FP Markets, founded in 2005, provides award-winning ECN trading conditions with direct market access prices.

MT4, MT5, and IRESS are three robust trading platforms to choose from. In addition, clients benefit from the ease of trading all markets and instruments from a single account.

FP Markets has an online knowledge centre with instructional resources organized into beginner, intermediate, and advanced.

These books cover everything from the fundamentals of trading to risk management, trading platforms, technical analysis, and more.

Beginner and expert traders can choose from a variety of FP Markets accounts. All accounts have adjustable leverage of up to 1:500 and use the ECN pricing mechanism.

The basic account offers a modest minimum deposit of $100, spreads starting at 1.0 pips, and no trading commission.

85
Rated: Excellent
Security 93
Cost 64
Trading 100
Education 47

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: ASIC Minimum Deposit: 100

ActTrader Brokers vs MetaTrader

Here are the main differences between the MetaTrader and ActTrader.

If you want to learn more about MT4 brokers, then check out our guide on MT4 Forex Brokers.

Features ActTrader MetaTrader
Technical Indicators 30 50
One Click Trading Yes Yes
Profit-loss margin details Yes Yes
It supports EAs Yes Yes
EAs Backtesting Yes Yes
Alert Tools Yes Yes
Asset type CFDs CFDs & Real Assets
Futures No Yes

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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