Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

ActivTrades
7.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ACTIVTRADES
MB Trading
0.6 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT MB TRADING
Axitrader
9.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AXITRADER
About

ActivTrades is regulated by the Financial Conduct Authority. ActivTrades have provided Forex, Indices, Shares and Commodities trading services since 2001.

MB Trading is regulated by NFA 0339826. MB Trading have provided Forex trading services since 1999.

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

Why choose them?
  • Yes Over 17 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 19 years in business
  • Yes
  • Yes
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters 1 Thomas More Square London E1W 1YN UK El Segundo, CA, USA 36 Leadenhall Street, London EC3A 1 AT, United Kingdom

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes No Yes
Social Trading Yes No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 47 80
Commodities Offered 12 6
Stocks Offered 532 0
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks Yes Yes No
Penny stocks No Yes No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes No
ETFs Yes Yes No
IPO Yes No No
See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes No Yes
MT5 Yes No No
MT4 Mac No No Yes
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade Yes No Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms Activ Trader MBT, LightWave No

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

English

English, Chinese, Spanish, Thai, Italian, Polish, German, Vietnamese, Japanese, Russian, Romanian, and Arabic

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by ActivTrades and MB Trading

Demo account No Yes Yes
Mini account Yes Yes Yes
Micro account Yes No Yes
Standard account Yes Yes Yes
ECN Account No Yes Yes
Islamic account Yes No Yes
Zero spread account Yes No Yes
VIP account No No Yes
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

71% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes No Yes
Expert advisors (EAs) No No Yes
Virtual private server No Yes Yes
Direct market access No Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.1 Lot 0.01 Lot
Max trade £100/point None 100 Lots
Min deposit $100 $400 $1

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes No Yes
Trailing stops Yes No Yes
Price alerts No Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes No Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller Yes No Yes
Skrill No No Yes
Payment processing time Varies Varies Instant via debit/credit card
Withdrawal processing time 1 business day Varies Same or next day with local payments. International payments take 3-5 days.
See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries US US US, JP
Contact email Send Email Send Email Send Email
Phone number +44 (0) 207 6500 567 No 44 207 096 7488
Live Chat Yes No No
Website https://www.activtrades.com/en/ https://www.mbtrading.com/ www.axitrader.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.5 pips + $0.00 Not offered 0.2 pips
GBP/USD (Average: 1.1 pips) 0.8 pips + $0.00 Not offered 0.6 pips
USD/JPY (Average: 1.1 pips) 0.5 pips + $0.00 Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 0.6 pips + $0.00 Not offered 0.1 pips
USD/CHF (Average: 2.3 pips) 1.0 pips + $0.00 Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 1.0 pips + $0.00 Not offered 0.2 pips
NZD/USD (Average: 3.6 pips) 1.0 pips + $0.00 Not offered 0.2 pips
EUR/GBP (Average: 2.4 pips) 0.8 pips + $0.00 Not offered 0.2 pips
View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FEES

Inactivity Fee Yes No
Commission Yes No Yes
Deposit Fee Varies No None
Withdrawal Fee No Yes None
View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Last update

All information collected from https://www.activtrades.com/en/. Last updated on 01/09/2019.

All information collected from https://www.mbtrading.com/. Last updated on 01/09/2019.

All information collected from www.axitrader.com. Last updated on 01/09/2019.

Company

ActivTrades was found in 2001 as a small brokerage house in Switzerland, it has since grown to be a global award-winning broker for both retail and institutional traders. ActivTrades has seen rapid growth through with their focus on client satisfaction by providing the best trading technology including the latest MetaTrader 5, innovative trading tools like Autochartist and VPS hosting , outstanding customer service and competitive pricing with pips starting as low as 0.8 for EURUSD.

Since 2005, ActivTrades has made the financial capital of the world - London its headquarters and is regulated by the Financial Conduct of Authority in the UK. ActivTrades offer a wide range of popular products for traders including spread betting, CFDs and Forex trading. ActivTrades also offer their clients an unrivalled loyalty program - ActivTrades Rewards.

Trader training is another top priority at ActivTrades and they offer a customised and unique personal approach to their traders and offer one on one training sessions as part of their educational programs. They also offer Balance Protection policy to guarantee you will never lose more than your deposit and as an added protection, your account will automatically be credited to zero if it goes into the negative. With all the superior training, protection policies, low spreads and the latest trading technology, ActivTrades are a superior choice for traders.

MB Trading is an online forex trading service provider who are regulated by the FINRA, SIPC, RFED/IB, NFA. To open an account with MB Trading, minimum deposits start from $400.

With MB Trading you can trade Forex, stocks, options, and futures. If you like to trade on the go, MB Trading have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

MB Trading offer MBT Navigator, MetaTrader 4 and MBT Navigator Wireless, MBT Desktop , MBT Desktop Pro , MBT LightWave , MBT Mobile , MBT Web , MBT Weblite, NinjaTrader platforms to make your trades and support 7 different languages.

They also offer traders with a technical background an API and a MBT SDK for creating custom applications.

The spreads offered by MB Trading for the most popular instruments are:
n/a EUR/USD, n/a FTSE 100, n/a GOLD,
n/a GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader review with all the pros and cons about this broker.

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ActivTrades or MB Trading?

Access to MT4 or ECN execution?

If you’re a trader looking for a broker that offers the popular MT4 trading platform, ActivTrades is likely a better fit. However, if you want a broker with ECN execution, MB Trading may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider ActivTrades and MB Trading to be equally reliable. We’ve broken down why below:

Who are they regulated by?

ActivTrades is regulated by Financial Conduct Authority, while MB Trading is regulated by NFA 0339826.

As the Financial Conduct Authority are one of the most stringent regulators in the world, ActivTrades will have very strict guidelines to follow to ensure they protect their retail trader clients.

Axitrader are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

ActivTrades has been around for 18 years, while MB Trading have been around for 20 years. Our third alternative broker, Axitrader, have been around for 12 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both ActivTrades and MB Trading use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on ActivTrades or MB Trading in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both ActivTrades and MB Trading are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

ActivTrades are based in 1 Thomas More Square London E1W 1YN UK, while MB Trading are based in El Segundo, CA, USA .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both ActivTrades and MB Trading offer forex trading. ActivTrades have a slightly larger variety of currency pairs with 47 pairs, compared to offered by MB Trading. Also, if you’re looking to trade cryptocurrencies, ActivTrades offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, ActivTrades may be a better fit as MB Trading does not offer commodity trading.

ActivTrades also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

ActivTrades also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Axitrader, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

ActivTrades does allow scalping and hedging. While MB Trading also allows scalping but doesn't allow hedging. You can't trade EAs (expert advisors) with either ActivTrades or MB Trading.

In terms of risk management tools, ActivTrades does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but MB Trading doesn't offer this.

ActivTrades also offer stop losses and limit orders to help you automate aspects of your trading strategy.

ActivTrades accept Neteller while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, ActivTrades charges 0.50 points, while MB Trading charges points. Therefore, MB Trading is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: ActivTrades or MB Trading?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, MB Trading is more reliable based on our criteria above. ActivTrades has a wider range of instruments to trade. ActivTrades offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Most brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.