FXActiv: traders’ reviews and detailed broker review
FXActiv – trading opportunities
FXActiv allows you to earn money through trading using the latest tools from anywhere in the world. According to the organizers, every new client can count on the support of analysts and experienced managers, make deals with various assets, and increase their wealth in non-working hours. We have researched public information, studied real reviews, and are ready to share our conclusions.
Description of FXActiv
The fxactiv.co website design is not different from many other similar resources. It predominates in numbers, graphs, quotes, and calls to earn money.
The “About the Company” section does not contain specific information. All information is dedicated to the services offered by the broker and their advantages. There is no information about the organization, its history, or team. Apparently, the creators decided not to develop the legend fully and focused solely on attracting new clients. In this process, they do not hesitate to hang fantastic statistics about 20,000 open accounts monthly in 60 different countries worldwide.
Despite such “success,” this broker does not even have a clear address (legal or main office). The “Contacts” section indicates something like “somewhere in the Dominican Republic.”
The website has Russian and British operator numbers for phone contact.
The FXActiv broker not only has no clear address but also lacks regulatory documents. Since they carefully conceal the country of registration, it is impossible to check the presence of such a legal entity in registries.
FXActiv Licenses
The situation with licenses at this broker is extremely confusing. The secrecy of the registration country makes it impossible to verify the presence of this firm in registries. The “Terms” section should contain information on regulatory requirements, including licensing data, but there are just lists of financial regulators in various countries.
This data on the website raises questions. If FXActiv wanted to prove the existence of permissions from all regulators, it would have been more logical to provide supporting documents. Obtaining such a number of licenses seems excessive. If this is a trick, it could work on inexperienced traders who have not dealt with trading before.
Listing the FFMS (Federal Financial Markets Service of Russia) in the list of licensing authorities is foolish since this organization was abolished in 2014, and its functions were transferred to the Central Bank. It issues licenses for providing financial services in the Russian market. Checking shows that FXActiv does not have such a license. This means that the company is not authorized to provide services to users from Russia.
FXActiv Trading Offers
To attract visitors to open an account, the website puts in maximum effort. Six types of accounts are offered with initial deposits ranging from $250 to $50,000. The most favorable conditions are available only in the last two accounts (low spreads, a wide range of assets, 12-15 signals per week).
However, for truly profitable trading under these conditions, an investment of at least $5000 is required. This information is confirmed in the “Terms and Conditions” document.
This means that the account and all funds in it can be blocked at any time without the possibility of appeal. The only way to protect yourself is to stop using the website.
User reviews frequently mention the difficulty of withdrawing money.
Also, when registering an account, bonuses are added to the deposit, which impose significant restrictions on fund withdrawals.
Each casino has its rules, but sometimes restrictions should not be omitted.
Real Reviews of FXActiv
The company has come under sharp discussion. Many negative reviews forced them to change domains (previously fxactiv.io). However, users continue to express dissatisfaction and complaints of fraud.
Characteristics of FXActiv Fraud
Representatives of FXActiv have many ways to steal money from traders. They can disappear at any time since they are not bound by any obligations and do not fall under jurisdiction. To extract more profit, they use the following methods:
- Use manually adjusted quotes or fake signals to make the client lose all their funds.
- Offer to deposit more money into the account to access new tools and recover lost funds with profit.
- May block the account for an invented reason or without explanation.
Conclusion: Why You Should Not Trust FXActiv
From our review, FXActiv lacks licenses, hides its legal address, and has the right to block user accounts. It is not advisable to trust such a company interested only in making money. Avoid the mistakes of other traders, carefully check the information and reviews to avoid falling into the trap of scammers.