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Business News/ Brand Stories / Leading Financial Experts Reveal Active Trades 2023 Evaluation

Leading Financial Experts Reveal Active Trades 2023 Evaluation

Trading entities achieving scores between 8.0 and 10.0 are considered exceptionally trustworthy, while those falling within the 7.0 to 7.99 range are also deemed reliable.

Leading Financial Experts Reveal Active Trades 2023 EvaluationPremium
Leading Financial Experts Reveal Active Trades 2023 Evaluation

Traders Union (TU), a prominent finance portal, recently conducted an extensive evaluation of 350 global trading platforms to unveil their latest compilation of the best forex brokers in 2023.

Following a meticulous assessment process, its leading specialists have now released their picks on the financial portal's website, each accompanied by its respective TU Overall Score.

All brokerage platforms underwent an evaluation by utilizing a standardized scoring system referred to as the TU Overall Score, which spans from 0.01 to 10.0. Higher scores indicate a higher degree of reliability. 

Trading entities achieving scores between 8.0 and 10.0 are considered exceptionally trustworthy, while those falling within the 7.0 to 7.99 range are also deemed reliable. 

Meanwhile, brokers scoring between 5.0 and 6.99 are regarded as mid-level and generally dependable but necessitate careful consideration.

Brokers garnering scores between 3.0 and 4.99 present a significant level of risk and require comprehensive analysis. In contrast, those scoring 2.99 or lower are strongly discouraged from trading due to their lower levels of trustworthiness.

The British brokerage company Active Trades received a TU Overall Score of 4.82 and emerged as ranked 95 on the list. 

This 22-year-old CFD and Forex broker aims at traders from the United Kingdom, Europe, the Commonwealth of Independent States (CIS), Asia, and South America.

At the moment, the company is headquartered in London, having additional offices in Milan, Sofia, and Nassau.

Notably, the company holds two licenses, one from the United Kingdom (FCA, 434413) and another from the Bahamas (SCB), as well as approvals from the CSSF in Luxembourg and CONSOB in Italy. Throughout its history, the broker has been honored with 26 prestigious awards.

In terms of geographic distribution, 42.13 of Active Trades clients are mostly from Brazil, 12.03% from Italy, 6.37% from Germany, 4.84% from Spain, 4.72% from France, 3.905 from Bulgaria, 2.53% from Portugal, 0.70% from Austria, 0.41% from the United Kingdom, and 0.29% from the Bahamas.

As reported, the broker’s customers can choose between two types of accounts, either Individual or Professional, each designed to suit different preferences and requirements. 

What sets ActivTrades apart is its cutting-edge use of ECN technology, providing users with direct access to liquidity providers. This innovation ensures that order execution is completed at lightning speed, with an astonishing average time of just 0.004 seconds. 

Furthermore, its versatile platform allows clients to navigate the Forex market effortlessly while also offering the opportunity to trade Contracts for Difference (CFDs) on an extensive range of assets, including stocks, bonds, indices, and commodities.

It also offers a proprietary trading terminal, along with the well-established MetaTrader 4 and MetaTrader 5 platforms. Remarkably, the company imposes no restrictions on trading strategies and even encourages the use of trading robots.

Nonetheless, the majority of its customers express dissatisfaction with its service, primarily attributed to limited customer support available only 24/5, in contrast to the standard industry practice of 24/7. It also faces criticism for the absence of PAMM or social trading functions and its inability to facilitate actual stock trading.

Thus, specialists advise traders to explore a more trustworthy broker offering superior terms, given that numerous clients of this brokerage express discontent with the company's services, as per their reviews.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.




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Published: 05 Oct 2023, 12:10 PM IST
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