Broker

Spread

for EURUSD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and 73% of retail traders lose money when trading CFDs.Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For ActTrader

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For ActTrader?

scored best in our review of the top brokers for acttrader, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages

offers one way to trade. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being segregating client funds, being established for over

Trust Score comparison

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you’ll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn’t available in the following countries: . They do not offer islamic accounts .

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Platform
Services
Base currency options
Funding options
Micro account
ECN account

Part 4

ActTrader Trading Platform Tutorial

The ActTrader platform is the turnkey Forex trading platform designed by ActTrader LLC. There are several versions of this platform available. These versions are listed below:

  1. A downloadable desktop client. The executable file must be downloaded (2.6MB in size), then used to download the full version of the software (about 6MB in size) while connected to the internet.

  2. A web-based version which runs on JAVA.

  3. A mobile version that runs on the iPhone and iPad.

  4. A version for Android-based devices.

  5. A Windows-based mobile version that runs on Symbian phones.

The variety of versions of ActTrader available for use by traders has served to introduce trading flexibility, as pre-2007 traders were forced to trade from their desktops and laptops.

ActTrader

ActTrader

Accessing the Platform

Depending on the broker with which the user is registered, an email will be sent containing the username and password for login. Users will also be sent a link with which to either download the desktop client, or access the web-based platform. Directions will also be given on how to download the ActTrader app on an iPhone, iPad or Android-based device. For the purpose of this article, the web-based trader will be used for illustration.

Login

The login interface looks as follows:

ActTrader - Login Interface

ActTrader – Login Interface

The web-based version runs on Java and users must have the latest version of the Java software installed on their computer. When successfully logged in, the trading platform will be displayed on the screen.

ActTrader - Trading Platform

ActTrader – Trading Platform

Interface

ActTrader - Trading Interface

ActTrader – Trading Interface

On the top of the screen, the trader’s account number, trading account balance, equity, usable margin as well as net profit/loss are clearly visible on the screen.

On the left side is the main navigation menu. It has the following buttons:

  • Trading: for initiating orders

  • Catalog: this displays all the tradable currencies and instruments on the platform

  • Options: this enables the trader to trade options

  • Chart: used to open the currency pair charts

  • Windows: is used to open pop-ups displaying information such as closed positions, open positions, pending orders, etc.

  • Layout: can be used to change the layout of the screen

  • Info: this gives the trader access to live news and the squawk box analyses

Opening Orders

Six types of orders can be opened on the ActTrader. These are:

  1. Entry Buy Stop

  2. Entry Sell Stop

  3. Entry Buy Limit

  4. Entry Sell Limit

  5. Market Buy

  6. Market sell

ActTrader - Mirror Trader Solution

ActTrader – Mirror Trader Solution

Market Orders Procedure

  • Click on the “Trading” button at the top left corner of the trading platform screen. This opens up a menu where “Buy” or “Sell” can be selected. Alternatively, click on either “Sell” or “Buy” against the currency to be traded as illustrated below:

  • ActTrader - Market Orders

    ActTrader – Market Orders

    Check the boxes marked “Preset Stop” and “Preset Limit” to be able to set stop loss and take profit levels before entering the trade. Change the currency pair from this pop-up by clicking the down arrow on the “Instrument” tab (see screenshot above).

  • Enter the stop loss and take profit levels as appropriate.

  • Click on the “OK” button to execute the order.

Pending Orders

Click on “Trading” at the top left corner of the screen.

ActTrader - Pending Orders

ActTrader – Pending Orders

  • A small pop-up will appear asking if the currency pair is the right one to trade. If yes, click OK. If not, select it from the drop-down menu and click OK.

  • Then click on any of the pending order types, depending on what you want to do.

  • In the pop-up that follows, enter the preferred entry price, and set the stop loss and take profit as already described. Then click “OK” when finished.

Adjusting Stop Loss & Take Profit on Active Orders

There are two ways to do this.

  • Click on Windows > Open Positions to display all open positions.

  • Right-click on the open position and select “Limit” to adjust the TP, and “Stop” to adjust the stop loss. Once the pop-up opens, adjust the take profit and stop loss levels as preferred.

  • Alternatively, can click on Trading > Limit or Stop. The pop-up opens to adjust the TP and SL as preferred.

Opening Charts

  • Click on charts > New chart.

  • Then select the currency pair chart to be opened, and the time frame of the chart. Then click OK. The chart will open.

  • Enlarge or shrink the charts using the maximise/minimize button on the chart window.

Choosing Indicators

To be able to select indicators on the ActTrader platform, you must have an active chart open.

  • Open the chart as described above, and maximise it using the appropriate button on the chart window.

  • Right click on the chart, then click on setup indicators. A pop-up will open.

  • Scroll through the list of indicators and select one by clicking on it once.

  • Next, a sequence of arrows will appear: click on the to move the indicator into the “selected indicators” column.

  • The indicator settings will also appear on the 3rd part of the same pop-up. Adjust the indicator settings as preferred, then click OK.

ActTrader - Setup Indicators

ActTrader – Setup Indicators

The indicator will attach to the chart automatically. To remove the indicator at this stage, click the . Then select the correct indicator by going through the process once more.

The chart window also has other function buttons on top; the zoom tools, chart type (bar chart, candlesticks, etc.). Also, a new chart can be opened by clicking the hand figure on the top left of the chart window.

  • Select the preferred chart, then click on “Chart Window”.

Selecting a Time Frame

This has been dealt with under “Opening a New Chart”. Go through that process or click the hand figure on the top left of the chart window to select a new time frame. These are the most commonly used functions on the ActTrader platform. 90% of trader activity is centred around these functions.


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