Compare ActivTrades vs Forexee
What is ActivTrades? What is Forexee?
ActivTrades is a UK-based online broker that offers trading services for forex, CFDs, and spread betting. It was founded in 2001 and is regulated by the Financial Conduct Authority (FCA) in the UK.
Forexee is an online forex broker that offers ECN/STP trading services for various currency pairs and cryptocurrencies. It was established in 2004 and is registered in the Commonwealth of the Bahamas.
ActivTrades vs Forexee Regulation Comparison
ActivTrades is regulated by the FCA, which is a reputable and strict regulator that ensures high standards of customer protection, financial stability, and market integrity.
Forexee is registered in the Bahamas, but it is not clear if it is regulated by the Securities Commission of the Bahamas or any other authority. The Bahamas is considered a low-regulation jurisdiction that does not impose stringent rules on forex brokers.
ActivTrades vs Forexee Trading Assets Comparison
ActivTrades offers over 500 trading instruments, including forex, indices, commodities, shares, ETFs, bonds, options, and futures. It also provides spread betting services for UK and Ireland residents.
Forexee offers over 50 currency pairs and 15 cryptocurrencies for trading. It does not offer any other assets or spread betting services
ActivTrades vs Forexee Trading Fees Comparison
ActivTrades charges variable spreads and commissions depending on the account type and trading platform. The average spread for EUR/USD is 0.7 pips on the MT5 platform with a commission of $1.8 per lot per side. The broker also charges swap fees for overnight positions and inactivity fees for dormant accounts.
Forexee charges variable spreads and commissions based on the ECN/STP technology. The average spread for EUR/USD is 0.4 pips on the MT4 platform with a commission of $2.5 per lot per side. The broker does not charge any swap fees or inactivity fees.
ActivTrades vs Forexee Account Types Comparison
ActivTrades offers three types of accounts: Classic, Advantage, and Professional. The Classic account has no commissions but higher spreads, while the Advantage and Professional accounts have lower spreads but charge commissions. The minimum deposit for all accounts is $100. The Professional account is only available for experienced traders who meet certain criteria.
Forexee offers four types of accounts: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commissions but higher spreads, while the ECN accounts have lower spreads but charge commissions. The minimum deposit for the STP account is $50, while the minimum deposit for the ECN accounts ranges from $200 to $1000.
ActivTrades vs Forexee Deposit Options Comparison
ActivTrades supports various payment methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, Sofort, Klarna, Trustly, PayPal, and Bitcoin. The broker does not charge any deposit or withdrawal fees, except for bank wire transfers below $1000.
Forexee supports fewer payment options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, Bitcoin, Litecoin, Ethereum, and Tether. The broker does not charge any deposit fees, but it charges withdrawal fees depending on the method used.
ActivTrades vs Forexee Trading Platforms Comparison
ActivTrades offers two main trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are popular and widely used by traders around the world. They offer advanced charting tools, technical indicators, automated trading systems (EAs), and market news. ActivTrades also provides its own web-based platform called ActivTrader, which has a user-friendly interface and some unique features such as SmartOrder 2 and SmartLines.
Forexee also offers MT4 and MT5 as its main trading platforms. However, it does not have its own web-based platform or any other alternative platforms
ActivTrades vs Forexee Analytical Tools Comparison
ActivTrades provides various analytical tools to help traders make informed decisions. Some of these tools include Autochartist (a market scanner that identifies trading opportunities), Trading Central (a technical analysis provider that gives trading signals and recommendations), Pivot Points Indicator (a tool that shows support and resistance levels), Economic Calendar (a tool that shows important economic events and their impact), and Market Sentiment (a tool that shows the percentage of buyers and sellers in the market).
Forexee does not offer any specific analytical tools, except for the ones that are integrated in the MT4 and MT5 platforms. These include charting tools, technical indicators, EAs, and market news.
ActivTrades vs Forexee. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. However, here are some pros and cons of ActivTrades and Forexee.
ActivTrades Pros:
- It is regulated by the FCA, which is a reputable and strict regulator that ensures high standards of customer protection, financial stability, and market integrity.
- It offers a wide range of trading instruments, including forex, CFDs, spread betting, and various other assets.
- It supports various payment methods, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. It does not charge any deposit or withdrawal fees, except for bank wire transfers below $1000.
- It offers two popular and widely used trading platforms: MT4 and MT5. It also provides its own web-based platform called ActivTrader, which has a user-friendly interface and some unique features such as SmartOrder 2 and SmartLines.
- It provides various analytical tools to help traders make informed decisions. Some of these tools include Autochartist, Trading Central, Pivot Points Indicator, Economic Calendar, and Market Sentiment.
ActivTrades Cons:
- It charges variable spreads and commissions depending on the account type and trading platform. The average spread for EUR/USD is 0.7 pips on the MT5 platform with a commission of $1.8 per lot per side, which is higher than some of its competitors.
- It charges swap fees for overnight positions and inactivity fees for dormant accounts, which can add up to the trading costs.
- It has a high minimum deposit requirement of $100 for all accounts, which may not be suitable for beginners or low-budget traders.
- It does not accept clients from the USA, Canada, Japan, Iran, Afghanistan, North Korea, or any other country where its services are prohibited by law.
Forexee Pros:
- It offers ECN/STP trading services for various currency pairs and cryptocurrencies, which can provide fast execution, low latency, and transparent pricing.
- It charges variable spreads and commissions based on the ECN/STP technology. The average spread for EUR/USD is 0.4 pips on the MT4 platform with a commission of $2.5 per lot per side, which is lower than some of its competitors.
- It does not charge any swap fees or inactivity fees, which can reduce the trading costs.
- It has a low minimum deposit requirement of $50 for the STP account, which may be suitable for beginners or low-budget traders.
Forexee Cons:
- It is registered in the Bahamas, but it is not clear if it is regulated by the Securities Commission of the Bahamas or any other authority. The Bahamas is considered a low-regulation jurisdiction that does not impose stringent rules on forex brokers. This may pose some risks for traders in terms of security, transparency, and dispute resolution.
- It does not offer any other assets or spread betting services, which may limit the trading opportunities and diversification options for traders.
- It supports fewer payment options than ActivTrades, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. It does not charge any deposit fees, but it charges withdrawal fees depending on the method used, which can affect the profitability of traders.
- It only offers MT4 and MT5 as its main trading platforms. It does not have its own web-based platform or any other alternative platforms.
- It does not offer any specific analytical tools, except for the ones that are integrated in the MT4 and MT5 platforms. These include charting tools, technical indicators, EAs, and market news.
