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Author Topic: Activtrades  (Read 9679 times)

Offline jubal

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Activtrades
« on: September 08, 2011, 06:44:13 PM »
Anyone use this broker in Uk?.  I know Donna has mentioned on a different thread that they are one of her favourites at the minute but I'm keen on hearing some more feedback from users. They offer standard and institutional which is more suited for scalping which is what I want to do.
If you can keep your head when all around you are losing theirs.... then you have probably underestimated the seriousness of the situation

Offline guernica

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Re: Activtrades
« Reply #1 on: September 18, 2011, 01:54:01 PM »
Someone have opinion about this broker ?
They are reliable or just another scam like many others ?
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Offline Menerlach

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Re: Activtrades
« Reply #2 on: September 26, 2011, 05:35:20 PM »
I have an interbank account with them. For manual trading, I never encountered any pb. I'm going to try EA trading on this account. Hopefully I won't be disappointed. I'll try to give some feedback in a month or so.

Offline zuk156

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Re: Activtrades
« Reply #3 on: October 22, 2011, 09:26:06 PM »
Their web page is good, their service, not so much: http://www.fsa.gov.uk/pubs/final/activtrades.pdf


Offline Mr Hector

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Re: Activtrades
« Reply #4 on: October 22, 2011, 10:21:40 PM »
Got an Email from Aslan Group today saying that Activtrades are ditching them because "giving cash rebates doesn't fit with their new business model"

In other words, "thanks for introducing traders to us, now *F* off so we can take more of their money"

Greedy Broker Syndrome.

Offline donnaforex

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Re: Activtrades
« Reply #5 on: October 22, 2011, 10:28:53 PM »
Yes, we are getting a whole list of these brokers now, headed up by GoMarkets lol.

Seems that all is good as long as we are referring lots of clients to them, then when they have them *poof* commissions gone and everyone loses out, traders, our forum, aslan group, and even the broker itself as people leave unhappy/bad rep for them and they lose all their marketing. It's making me very nervous about ever doing any 'favours' for any brokers at all, i don't feel like i can trust anyone in this business.

What i don't get is why when they make these business decisions, they don't honour all their old contracts/clients. Fair enough if they want to stop all new business referrals but it feels almost like stealing when they take away all the old referrals, it's like you do all their work for them and then don't get paid for it, lol. Even worse for the trader who receives the main bulk of the commissions generated, it's a lot of money lost when looked at collectively for all traders.
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Offline Mr Hector

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Re: Activtrades
« Reply #6 on: October 22, 2011, 10:44:09 PM »
I think if Brokers are going to do this then the very least they should do is tell the customer directly, tell them they will be closing their account but they would be happy for the trader to open a new account which would not have any rebates.

But of course they wouldn't do that, nor would they reduce the comissions they charge.

Some brokers really piss me off!

My advice is if your strategy doesn't rely on the spreads or anything else that particular broker has to offer then LEAVE as soon as they stop the rebates.

Let's piss them off like they piss me off!!

(sorry about the adult language Donna)  I never normally swear, not even at home, but this kind of thing really gets on my wick and shows brokers for what they are!  WANKERS!


Offline odysseus11

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Re: Activtrades
« Reply #7 on: October 22, 2011, 10:51:05 PM »
This is common behavior for providers in all industries, though.
In the 90's, I owned a business that was the top producer for long-distance telecom resellers in the world (it was a HOT field for a while believe it or not, before the internet revolution). The carriers were paying out CRAZY money for the distributors/brokers who brought them the customers. They paid out residual commissions. And then the field began to mature, and the carriers/providers began to look for ways to squeeze more profit rather than grow market share. First thing they did was find excuses to cancel distributors. So I began to only sign "evergreen" contracts that couldnt be cancelled. But those are hard to come by, and only the weaker players in the industry (with nothing to lose) will do them. I saw this EXACT same behavior in the cellular industry in the last 10 years, my best friend owned a wireless outfit and the exact same thing happened. It just *happens*. One important step for distributors to consider is to ALWAYS AND ONLY sign very enforceable evergreen contracts and only with entities who are large and established enough and in a jurisdiction where the contract CAN be enforced.
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Offline jubal

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Re: Activtrades
« Reply #8 on: October 23, 2011, 10:36:19 AM »
Isnt this just typical. I baled out of GoMarkets because of the loss of rebates and plumped for Activtrades as a suitable replacement. Just live now for 3 weeks and this happens. Time to pack the suitcase again. real pain in the ass
If you can keep your head when all around you are losing theirs.... then you have probably underestimated the seriousness of the situation

Offline 999cjb

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Re: Activtrades
« Reply #9 on: October 23, 2011, 04:10:17 PM »
I noticed this thread today just as I was making the decision to close my account with them.

This is not because of any rebates, scams, financial issues or anything like that.

It is simply because, in over three years, I have just not been able to make any money from trading with them. I have used a number of EAs, set up identically to those running on different brokers and while the others made money, Activ lost it.

Being a stubborn short of person I have until now refused to admit that there are some battles you can't win. But with Activ I give up. They will become the second broker I have had where an account has been closed.

The first was Fibo, where I was making a lot of money until Fibo decided I lived in the wrong country, closed my account and sent me a cheque in Euros which was expensive to cash. While I totally agree that I live in the wrong country (why are USA green cards so hard to get when you live in the UK?) things are bad enough here without being thrown out of a perfectly good and profitable brokerage because of nationality. But I digress.

I considered upping my Activ funding and running an EA which will not be affected by Activ's "jumpy" prices but then thought "why bother". There are plenty of other brokers around or I could just add funds to some of my existing ones.

So goodbye Activ. It hasn't been a pleasure.

Offline Menerlach

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Re: Activtrades
« Reply #10 on: November 15, 2011, 04:09:34 PM »
I too was disappointed to learn that they terminated the rebate agreements. I think it's a mistake and they will measure it in the coming weeks.

I did open a 2nd interbank account with them in the beginning of October, 2 weeks before the annoucement concerning rebate program changes.

The only thing I can say is that I'm using an EA (it's not a scalper) and I must say that it performs exaclty the same as on the demo platform. So, technically, I'm very satisfied. I'm in the positive on both the live and the forward demo accounts (so far, and crossing fingers). Execution has been seemless up untill now. However, the spread can be an issue sometimes as well as trailing stops.

Their termination of the agreement with the Aslan group ticked me off, so I'm going to be looking for another broker. Pepperstone seems attractive but I'm afraid the servers are fast for US customers only. Here, in Europe, the choice seems to be quite narrow.

Offline fx-moneyprinter

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Re: Activtrades
« Reply #11 on: June 27, 2012, 10:05:01 AM »
Hi,

my experience with Activtrades:

I used Activtrades for a few years without any problems,

BUT this year

they made a bad decision and in consequence I will withdraw my money.

What happend?
In these days a lot of people trading the EUR/CHF long hoping the SNB will lift the peg from 1.20 to 1.30 or so.
One day I got an email from Activtrades that they will increase the margin for EUR/CHF from one day to an other. That wasn't a big problem for me but for those who are in big long trades which are currently in loss. They had to close positions in order not to get a margin call.

NO MORE ACTIVTRADES. CRIMINALS!

I am trading with a 5 Brokers and Activtrades was the only on who did this crazy margin change.


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Offline fx-moneyprinter

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Re: Activtrades
« Reply #12 on: June 29, 2012, 07:24:48 AM »
Now they changed the leverage for EUR/CHF from 1:400 to 1:25.
Do you know what this means for open position? Can't believe it.
No more Activtrades.


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Offline forexfish

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Re: Activtrades
« Reply #13 on: July 07, 2012, 10:25:16 AM »
Now they changed the leverage for EUR/CHF from 1:400 to 1:25.
Do you know what this means for open position? Can't believe it.
No more Activtrades.

I had used Active trades untill 2011.

That time were too small and now slight bigger may be.

But last time when I used the service was not good especially card payments, mean person has to login to member area and do and they cannot help other than that.

I dont remember all the issues  but I was not expecting.  >:(

EURCHF margin 1:25 is crazy,   issue arise when broker implement some rule on open positions then trader has no choice   either fund more money or take the margin call.


Offline cyberryder

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Re: Activtrades scam alert
« Reply #14 on: March 24, 2013, 07:31:14 PM »
This event happened a bit in the past, but at least i want to post it here:

Activtrades seems also to be cheating profitable clients  :(

They wrote me a mail last december and told me they are closing my account, i should close my positions and withdraw my money.

I placed a withdraw all request and got all my money out without problems. Before this event i traded very profitable on this account and withdrawed more than i invested.
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