ActivTrades: “thief broker, scam broker”?

ActivTrades is a UK-based brokerage firm, licensed and regulated by the Financial Conduct Authority (FCA). It offers a wide range of financial instruments for trading, including Forex, Commodities, Indices, Shares, Bonds, and ETFs. With the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms available, ActivTrades positions itself as a broker for smart and professional investors.

However, beneath the surface of regulation and advanced platforms, some traders are raising serious red flags about the brokers integrity and trustworthiness.

Allegations of Fraud and Account Closure

Several user reviews on WikiFX suggest that ActivTrades might not be as trustworthy as its FCA license implies. One particularly disturbing allegation comes from a trader who reported:

“Cheater broker, scam broker, fraud broker, thief broker. I had $1,543 in my account and requested a $500 withdrawal. I waited for two weeks, but the withdrawal never went through. Then my account was closed. After 2–3 days, all the money in my account was gone. I contacted customer service, and they claimed they had returned the money — but I never received anything. They lied. I also emailed ActivTrades, but they never responded.”

This kind of review raises major concerns about withdrawal issues, account closures without explanation, and unresponsive customer service — all of which are red flags when choosing a broker.

Regulated Yet Questioned

It‘s worth noting that ActivTrades is an FCA-regulated broker, which generally suggests a degree of reliability and investor protection. However, regulation doesn’t always guarantee ethical behavior, especially if the company is found abusing its terms or delaying fund withdrawals intentionally.

Final Thoughts

While ActivTrades may appear to be a legitimate and well-regulated broker offering a wide range of instruments and platforms, user complaints about fund withdrawal problems and lack of transparency are impossible to ignore.

Before depositing funds with ActivTrades or any broker, it is essential to do your due diligence. Always research real trader reviews and regulatory history.