Trade Active review 2023: 5 things you should know about tradeactive.com

Beware! Trade Active is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Trade Active claims it can help you “start your trading journey with a peaceful mind” however this statement just can’t be more wrong. It’s shocking how disreputable this broker turned out to be. It’s unregulated, offers quite risky leverage and shady payment methods but that’s not all. In fact, we have reviewed the same firm, whose website was previously named “traderactive.com” – it was also blacklisted and eventually stopped working. Apparently the same fraudsters have decided to try again – they slightly changed the domain name, however everything else is just as deceitful as before.

To top it off, once again there is an official warning set against it – the local watchdog of Italy has blacklisted this website as being absolutely unlawful, bearing all signs of scam.

Believe it or not, there are some more worrisome facts about Trade Active that are a clear sign of fraud. For example this broker requires you to make a deposit first in order to see its trading platform – something that is just unacceptable. If you want to know more about Trade Active and the reasons to avoid it, just keep reading.

Trade Active Regulation and safety of funds

As we mentioned above, this website was quite familiar to us, as we have already dealt with the same fraudsters. They didn’t change much – the false claims of being regulated and the fake address are still here.

Trade Active claims its registered address to be in “GILBRATAR” – they probably meant Gibraltar but spelled it wrong, a fact that speaks for itself. You can also spot a phone and email displayed, but they are most probably also fake.

Moreover, this broker also claims to have a “solid regulation” and lists two entities – SFINS and MFA in the UK. These regulators are both fake as well, as no financial authorities with such names really exist. The testimonials posted in the website are certainly also made-up – like everything related to this pseudo “broker”.

But that’s not the end of the story. The official regulator or Italy – CONSOB, has recently ordered the black-out of several websites including tradeactive.com. Take a look:

As you see, CONSOB describes this website as absolutely illegal, fraudulent and abusive. Stay away from it for your own good!

In addition, Active trade also claims to use segregated accounts, but that cannot be the case either. This firm is so shady that we don’t trust even a word it says!

Trade Active Trading software

Trade Active claims to offer MetaTrader for Windows, Android and Apple, as well as a WebTrader. Unfortunately we couldn’t see any of it.

Right after we registered, it turned out that this broker requires a deposit to be made in order to get access to its trading software. Even the WebTrader was locked – a clear sign that this broker is not acting in a fair manner. Even if we didn’t know about the warning set against it, at this point we would be 100% sure that this broker is a total sham. Remember that no reputable broker would ever require a deposit without actually letting you see its platform and trading conditions first.

In addition, we also doubt if Trade Active really offers MT4 – this is clearly yet another piece of fiction.

Trade Active Trading instruments

Trade Active claims to offer several trading instruments – forex, metals, indices, cryptocurrencies, futures and stocks. Unfortunately, as we couldn’t see its trading software, we can’t confirm that, but it doesn’t really matter anymore to be honest. Regardless of the assets it may be providing, choosing this broker is an absolute no-no.

Trade Active Spreads and cost of trading

On its website there’s a chart showing the account types this broker offers. You can see some more details about the first three of them:

As you can see, Trade Active promises spreads of 3 pips for currency pairs like EURUSD and GBPUSD. It’s funny this broker has such an attitude while providing trading conditions like this one. A spread of 3 pips is definitely going to be too pricey and is capable of turning down any potential investor from trading here. And it seems even more ridiculous given the fact that most reputable brokers offer tight spreads around or below 1 pip for instance. As you see, there is no reason to deal with such an impostor website.

Trade Active Maximum leverage

The leverage that Trade Active offers is not clearly specified. After opening an account we had the option to make a choice – the leverage amounts started from 1:100 all the way up to 1:500. All of these volumes are proven to be too risky and are against the rules in a lot of countries that regulate forex brokerage activities. To be precise there’s a leverage restriction of 1:30 for the UK and the EU for instance.

Anyway, even if you are willing to risk and trade with higher leverage, Trade Active is certainly not a good bet. Instead, choose some of the offshore subsidiaries of reputable forex brokers.

Trade Active Deposit and withdrawal methods

In its Frequently Asked Questions, Trade Active claims to accept “multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods”. Sounds obscure, right?

To make it clear – the deposit methods that are available after you register are three in total. You can either use ChargeMoney, PayPound or PayTechno – definitely not top-notch payment methods. See for yourself:

In addition, this broker states that “standard bank wire within the EU takes 3 working days. Bank wires to some countries may take up to 5 working days”. Apart from that there is no other information regarding the processing time or required fees.

Trade Active Minimum deposit

The minimum deposit this broker requires is 250 USD – a quite standard amount for the sector. To be honest, this happens to be the only positive thing we can say about this firm. Unfortunately it is definitely not enough to change our mind – Trade Active is a scam broker you have to avoid at all costs!

Trade Active Withdrawal requirements

There is no Withdrawal Policy on this website plus no data in the FAQ, so we don’t have the faintest idea about this broker’s withdrawal requirements. And this is as bad as everything else related to this website. Be careful, as scammers like this one tend to ask for huge fees on every withdrawal request and also set unachievable trading volume requirements.

Hold back from this firm if you don’t want to be left empty-handed!