Compare SimpleFX vs ActivTrades
What is SimpleFX? What is ActivTrades?
SimpleFX is an ECN broker for Forex and CFDs founded in 2014, which also enables trading in four crypto currencies. The broker is based in St. Vincent and the Grenadines and offers its services worldwide. Accounts can be managed in a variety of currencies, including Bitcoin, Etherum and Litecoin.
ActivTrades is a UK-based broker that offers trading in Forex, CFDs, Spread Betting, Crypto and other assets. The broker was established in 2001 and is regulated by several authorities, including the FCA, SCB, CSSF, BACEN & CVM and CMVM. ActivTrades provides its clients with advanced protection of funds, such as segregated accounts and insurance up to $1,000,000.
SimpleFX vs ActivTrades Regulation Comparison
SimpleFX is not regulated by any reputable authority and does not provide any information about its license or registration on its website. This means that the broker operates without any oversight or accountability and may pose a high risk to traders’ funds and data.
ActivTrades is regulated by five relevant jurisdictions: the DFSA in the United Arab Emirates, the FCA in the United Kingdom, the SCB in the Bahamas, the CSSF in Luxembourg, and the BACEN & CVM in Brazil. The broker also complies with the European MiFID directive and adheres to the principles of fair treatment of customers (TCF). This means that the broker follows strict rules and standards to ensure the safety and security of its clients.
SimpleFX vs ActivTrades Trading Assets Comparison
SimpleFX supports trading with Forex, Gold & Silver, CFDs, Oil, Energies and Crypto. The broker offers over 1000 instruments across seven asset classes. However, the broker does not provide any information about the trading conditions or specifications of each instrument on its website.
ActivTrades supports trading with Forex, CFDs, Spread Betting, Crypto, Gold & Silver, Oil, Stocks, Soft Commodities, Metals, ETFs and Bonds. The broker offers over 500 instruments across 11 asset classes. The broker provides detailed information about the trading conditions and specifications of each instrument on its website.
SimpleFX vs ActivTrades Trading Fees Comparison
SimpleFX charges variable spreads on its trades, which depend on the market conditions and liquidity. The broker does not charge any commissions or hidden fees on its trades. However, the broker does not publish its average or minimum spreads on its website, making it difficult to compare its pricing with other brokers.
ActivTrades also charges variable spreads on its trades, which depend on the market conditions and liquidity. The broker does not charge any commissions or hidden fees on its trades either. The broker publishes its average and minimum spreads on its website for each instrument, making it easy to compare its pricing with other brokers.
SimpleFX vs ActivTrades Account Types Comparison
SimpleFX offers only one type of account for all its clients. The account has a minimum deposit of $1 and a maximum leverage of 1:500. The account allows hedging and automated trading but does not offer Islamic or demo accounts.
ActivTrades offers two types of accounts for its clients: Classic and Professional. The Classic account has a minimum deposit of $10 and a maximum leverage of 1:400. The Professional account has a minimum deposit of $10 and a maximum leverage of 1:400 for Forex and 1:200 for other instruments. Both accounts allow hedging and automated trading but do not offer Islamic accounts. However, both accounts offer demo accounts for 30 days.
SimpleFX vs ActivTrades Deposit Options Comparison
SimpleFX offers a variety of deposit and withdrawal options for its clients, including Skrill, Neteller, FasaPay, Crypto, Litecoin, Dash, Ethereum, Monero, Crypto Cash, Zcash, Ethereum Classic, Tether (USDT), Dogecoin, Tron, USD Coin (USDC), Dai (DAI), EOS.IO, Binance Coin and Ripple. The broker does not charge any fees for deposits or withdrawals but may apply conversion rates for different currencies.
ActivTrades offers fewer deposit and withdrawal options for its clients, including Credit/debit cards, Neteller, PayPal, Skrill, SOFORT and Wire transfer. The broker does not charge any fees for deposits or withdrawals but may apply conversion rates for different currencies.
SimpleFX vs ActivTrades Trading Platforms Comparison
SimpleFX provides its clients with three trading platforms: MetaTrader 4, Mobile Trading Platform and WebTrader. MetaTrader 4 is a popular and powerful platform that supports advanced charting, indicators, expert advisors and automated trading. Mobile Trading Platform is a simple and convenient platform that allows trading on the go from any device. WebTrader is a fast and intuitive platform that supports one-click trading, trailing stop and pending orders.
ActivTrades provides its clients with three trading platforms as well: MetaTrader 4, MetaTrader 5 and ActivTrader. MetaTrader 4 and MetaTrader 5 are similar to SimpleFX’s platforms, but MetaTrader 5 has some additional features, such as more timeframes, more order types and more indicators. ActivTrader is a proprietary platform that supports one-click trading, trailing stop and pending orders, as well as advanced risk management tools and smart order lines
SimpleFX vs ActivTrades Analytical Tools Comparison
SimpleFX does not offer any analytical tools for its clients, except for the basic ones available on its trading platforms. The broker does not provide any market news, analysis, tutorials or education on its website either.
ActivTrades offers a range of analytical tools for its clients, such as Smart Tools, Smart Forecast, Smart Pattern, Smart Order and Smart Lines. These tools help traders to enhance their trading strategies, identify market trends, patterns and signals, execute orders faster and manage their risks better. The broker also provides market news, analysis, tutorials and education on its website and through webinars and seminars.
SimpleFX vs ActivTrades. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, goals and trading style. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, you can compare SimpleFX and ActivTrades on some key aspects and decide which one suits you better.
- Regulation: ActivTrades has a clear edge over SimpleFX in terms of regulation, as it is licensed by five reputable authorities and follows high standards of customer protection. SimpleFX, on the other hand, is not regulated by any authority and operates without any transparency or accountability. This means that ActivTrades is more trustworthy and reliable than SimpleFX, and your funds and data are more secure with ActivTrades.
- Trading Assets: Both brokers offer a wide range of trading assets, but ActivTrades has more diversity and variety than SimpleFX. ActivTrades supports trading with 11 asset classes, while SimpleFX supports only seven. ActivTrades also provides more information about the trading conditions and specifications of each instrument, while SimpleFX does not. This means that ActivTrades gives you more options and flexibility than SimpleFX, and you can access more markets and opportunities with ActivTrades.
- Trading Fees: Both brokers charge variable spreads on their trades, which depend on the market conditions and liquidity. Neither broker charges any commissions or hidden fees on their trades. However, ActivTrades publishes its average and minimum spreads on its website for each instrument, while SimpleFX does not. This means that ActivTrades is more transparent and competitive than SimpleFX, and you can compare its pricing with other brokers more easily.
- Account Types: Both brokers offer only one type of account for all their clients, but ActivTrades has two subtypes: Classic and Professional. The main difference between them is the leverage ratio, which is higher for Professional accounts. Both brokers have low minimum deposits and allow hedging and automated trading. However, only ActivTrades offers demo accounts for 30 days, while SimpleFX does not. This means that ActivTrades is more flexible and user-friendly than SimpleFX, and you can test its services and platforms before investing real money.
- Deposit and Withdrawal Options: Both brokers offer a variety of deposit and withdrawal options for their clients, but SimpleFX has more diversity and variety than ActivTrades. SimpleFX supports many crypto currencies as well as traditional payment methods, while ActivTrades supports only a few payment methods. Neither broker charges any fees for deposits or withdrawals but may apply conversion rates for different currencies. This means that SimpleFX gives you more convenience and choice than ActivTrades, and you can use your preferred currency and method to fund your account.
- Trading Platforms: Both brokers provide their clients with three trading platforms: MetaTrader 4, Mobile Trading Platform and WebTrader for SimpleFX; MetaTrader 4, MetaTrader 5 and ActivTrader for ActivTrades. MetaTrader 4 is a common platform that both brokers share, which supports advanced charting, indicators, expert advisors and automated trading. MetaTrader 5 is an upgraded version of MetaTrader 4 that ActivTrades offers, which has some additional features such as more timeframes, more order types and more indicators. Mobile Trading Platform is a simple platform that both brokers offer, which allows trading on the go from any device. WebTrader is a fast platform that both brokers offer, which supports one-click trading, trailing stop and pending orders. ActivTrader is a proprietary platform that only ActivTrades offers, which supports advanced risk management tools and smart order lines. This means that both brokers offer similar platforms but ActivTrades has some extra features that SimpleFX does not.
- Analytical Tools: ActivTrades has a clear edge over SimpleFX in terms of analytical tools, as it offers a range of smart tools that help traders to enhance their trading strategies, identify market trends, patterns and signals, execute orders faster and manage their risks better. SimpleFX does not offer any analytical tools except for the basic ones available on its trading platforms. ActivTrades also provides market news, analysis, tutorials and education on its website and through webinars and seminars, while SimpleFX does not. This means that ActivTrades is more supportive and informative than SimpleFX, and you can access more resources and guidance with ActivTrades.
In conclusion, SimpleFX and ActivTrades are two online brokers that offer different services and features. SimpleFX has some advantages such as more deposit and withdrawal options and higher leverage ratios, but it also has some disadvantages such as lack of regulation, transparency and demo accounts. ActivTrades has some advantages such as more regulation, diversity and analytical tools, but it also has some disadvantages such as fewer deposit and withdrawal options and lower leverage ratios. Therefore, you should consider your personal preferences, goals and trading style before choosing a broker.
