ActiveBroker: customer reviews of the company’s performance in 2023.
ActiveBroker Platform Analysis
If you are just starting your journey in the world of financial investments, ActiveBroker provides all the necessary tools for successful trading. However, caution is advised as there are not enough reasons to trust this company. Reviews are purely negative, the site does not provide specific information, and the legitimacy of their operations raises serious doubts. In this review, we will delve into the reasons why it is better to avoid collaborating with this firm.
Facts about ActiveBroker Company
Despite ActiveBroker being one of the most well-known brokers, the first reviews about them surfaced quite recently. A whois search indicates that the registration date of the active-broker.com site belongs to late June 2022, which is quite logical.
One key point is the lack of information about the project creators. The website claims it is a team of professionals, but there is no evidence to support this, as confirmed by research and customer reviews.
Scammers hide in anonymity to evade financial responsibility, as corroborated by their internal documents. Their cooperation terms are highly ambiguous, as stated in the terms of use:
- changing trading conditions without prior notice,
- terminating collaboration by blocking accounts and canceling profits,
- very stringent requirements for obtaining bonuses,
- altering commission policies without client consensus.
The email listed on the ActiveBroker website is active, but contacting them in case of problems is practically impossible. Client reviews indicate that they are left to deal with their issues alone.
Company Activities and Legitimacy
ActiveBroker representatives claim to operate legally in the global market, yet the site only features a fake registration address. Upon examining the registry of offshore companies, it turns out the company is not registered anywhere.
Even if we assume they possess a registration certificate, it does not entitle them to provide brokerage services. This requires a license from a respected regulator such as the Central Bank of Russia. However, ActiveBroker lacks such a license and is not included in the register of license holders. Moreover, they are absent from public registers.
Clients also note difficulties in dealing with regulatory bodies from Kazakhstan and Belarus, eventually leading them to combat a fraudulent broker.
What ActiveBroker Offers
ActiveBroker’s platform offers over 3000 assets for trading. These include currency pairs, stocks, cryptocurrencies, stock indices, metals, and commodities. The company claims to closely collaborate with liquidity pools and ensures instant order execution. However, these are mere empty promises. Exchanges will not want to engage with scammers.
Novices are attracted by the opportunity to test trading risk-free through a demo account. However, real outcomes differ from their promises. Scammers utilize fake trading platforms – MetaTrader and ABTrader. To motivate investments, they showcase a few successful trades to reassure clients, despite the absence of deposit requirements.
Main conditions include:
- minimum deposit – $0,
- account currency – US dollars,
- analytical tools and news,
- low spreads,
- minimum trade volume – 0.01 lot,
- low commissions.
To earn additional income, taking part in the affiliate program is suggested. Most traders land on the ActiveBroker platform via a referral link.
Company Reviews
Clients leave reviews about financial manipulations and profit withdrawal refusals. ActiveBroker shows no intent to fulfill its obligations, solely focusing on its benefit. We recommend studying real feedback and drawing your own conclusions.
If you find yourself entangled in a fraudulent scheme and seek help or wish to share information, use the review form below our article.
Scam Operation Scheme
ActiveBroker is one of the pseudo-brokers designed to deceive clients. After registration, new users are urged to practice on a demo account and then transition to real trading under the supervision of a mentor, who, however, turns out to be incompetent. Clients receive fake recommendations leading to deposit drain, and complaints might result in being blocked.
Conclusions
ActiveBroker utilizes a wide array of deceitful tactics to lure and deceive clients. However, the chances of earnings on their platform are zero. It is not worth risking your capital by collaborating with this company.