TraderActive Review – Anonymous Financial Fraud By
TraderActive Review – Anonymous Financial Fraud By

TraderActive has tried really hard to present itself as a desirable, attractive trading firm. You’ll see advertised on several trading platforms, including MT4, a Pro account with raw spreads, and a solid number of educational tools.

In reality, all you will get with this brokerage is a headache due to withdrawal issues. Comments and regulatory warnings indicate that TraderActive is a firm to avoid, and this particular review will show you why.

Additionally, we strongly advise you to avoid the fraudulent brokers PrismCapitalGMT Trading, and Exo Trade Capital.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites:
Blacklisted as a Scam by: CSSF, FSMA, CONSOB
Owned by: Actv Global Markets Limited
Headquarters Country: Gibraltar (allegedly)
Foundation year: 2021
Supported Platforms: N/A
Minimum Deposit: 250 USD
Cryptocurrencies: Available – BTC, ETH, XRP
Types of Assets: Forex, commodities, indices, shares, cryptocurrencies, futures
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No

How True Is the Information About TraderActive Broker Regulation?

TraderActive is said to be a brand of Actv Global Markets Limited. 

In the past, however, this firm presented itself as part of International Markets Management, licensed and supervised by the authority body of Luxembourg. This claim stopped when the CSSF issued an official warning denying having anything with this fraudulent website. 

Currently, we have no idea where TraderActive broker is based or which legal jurisdiction it belongs to. One thing is clear: the website is a fraud.

Reasons Not to Trust an Unlicensed Broker

Unlicensed brokers don’t provide basic safety tools. You will not have negative balance protection, meaning you can easily fall into debt to the broker.

Your funds won’t be held in reputable banks but probably in a trading firm’s wallet. 

And finally, if you end up scammed, you won’t be entitled to any regulatory compensation fund.

In That Case, Is TraderActive A Scam?

TraderActive is an anonymous trading firm. You won’t find the headquarters, the governing law, or the license. Additionally, the company has been blacklisted in Luxembourg, Italy, and Belgium.

Warning From The Financial Regulator In Luxembourg – CSSF

TraderActive Warning From CSSF

Seemingly, the firm claimed to be licensed and regulated by the CSSF. Upon receiving numerous complaints, the regulator issued a warning, stating it had never registered TraderActive or its alleged owner, International Markets Management.

Not long after, the Italian CONSOB and Belgian FSMA republished this warning, ensuring their citizens didn’t fall for the scam.

What Do Traders Think Of TraderActive?

TraderActive won’t be awarded the broker of the year. With many issues regarding headquarters, regulations, and everything else, it’s clear that the firm is simply interested in stealing funds and staying anonymous while doing so.

Thus, no wonder we come across numerous negative reviews describing how people’s funds were taken away. Employees of this bogus firm ensured they took every penny before blocking customers’ access to a trading account.

What Platform Does TraderActive Offer to Trade On?

TraderActive advertises on several trading platforms, including MT4, WebTrader, and proprietary software. Allegedly, you can access all those from one account. However, we were asked to make a deposit when we tried doing so. 

We will withhold further comments as we’re unwilling to invest and lose our money.

MetaTrader 4 For Apple and Android

With MetaTrader being the best and most popular trading platform, it’s no wonder many scammers are exploiting it for their own benefit. We see TraderActive advertising the platform but not giving any overview before they get ahold of your funds.

Each MT4 has a dedicated mobile app for Android and iOS devices. Since we’re unsure if it’s really possible to trade in, we cannot confirm if you can access the mobile app either.

TraderActive Accounts Overview

The Account Types section shows four account types:

  • ActiveCENT
  • ActiveClassic
  • ActivePro
  • ActiveZero

Yet, none of them have any details.

However, on the main page, we have a different account overview showing:

  • Micro – $250
  • Silver – $5,000
  • Gold – $25,000
  • Platinum – $100,000
  • Exclusive – $250,000

Besides the minimum deposit, the main difference is the spread varying from 0.02 to 3 pips.

Can I Try to Trade With a Demo Account?

The firm advertises a free Demo account. However, once you want to access the platform, you’re prompted to pay an initial deposit. Simply speaking, Demo is just another lure to make you believe you’re in the right spot. No, you’re not.

TraderActive Broker – Countries Of Service

TraderActive victims mainly come from:

  • UK
  • Spain
  • Italy
  • Denmark
  • France

Based on the regulatory warnings, we can conclude that the firm is also present in Luxembourg and Belgium. Wherever you reside, be on the lookout for financial swindlers.

Also, avoid the trading frauds ZeraTradeAmplixx, and IB Finanzas at all costs! Moreover, before investing, always look into the past of internet trading firms!

TraderActive Range of Trading Markets

The company website lists the following tradable assets:

  • Indices – Dow Jones, NASDAQ, FTSE100
  • Shares – Amazon, Netflix, Google
  • Commodities – gold, natural gas, silver
  • Cryptocurrencies – BTC, SHIBA, DOGE
  • Futures – US30, US Tech 100

What Trading Terms Does TraderActive Offer?

TraderActive offers different terms depending on the account type. The more you invest, the lower the spread you pay. As per leverage, it seems to be fixed for all account types. Yet, don’t be deceived. The firm is an unregulated fraud lurking clients with seemingly good offers.

What Is the Broker’s Leverage and Spreads?

The leverage ranges from 3 pips for the Micro account to almost no spread on the Exclusive one. There’s a significant gap that will force you to upgrade your account.

The leverage is set to 1:500. According to the FAQ, customers can change it directly on the platform, but without access to it, we cannot confirm.

TraderActive Funding and Withdrawal Methods

The company accepts only one payment method – Bitcoin. You can buy BTC using your debit/credit card or wire transfer, then transfer crypto to your trading account. For those with no crypto wallets, there are links to external exchanges called Bitalvosta and Lax Exchange.

Note that crypto deposits are hard to track and recovering funds is virtually impossible.

​​Bitalvosta and Lax Exchange Funding Methods

Both Bitalvosta and Lax Exchange are not really well-known crypto exchanges. The first one is based in Lithuania, while the latest has been residing in Estonia. With the two countries being famous as hubs for many scheme firms, we’re keen on not trusting them. 

Why Is Paying In Cryptocurrency Unsafe?

Crypto payments are unsafe due to the nature of digital coins. The whole idea is anonymity and increased privacy. However, this can lead to scams, as you cannot track your coins once they leave your wallet.

For this reason, many scammers decide to request deposits in Bitcoin and other cryptocurrencies.

Scammed by TraderActive Broker? – Let Us Hear Your Story

If you find yourself scammed by TraderActive broker, let us know. Our chargeback specialists may assist you with the refund and help you recover stolen funds. We’ve been in the business of protecting financial victims for years and have been dealing with crypto payments.

Contact us now to book a free consultation, and let’s start the procedure before it’s too late!

What Is TraderActive?

TraderActive is an online financial swindler without any regulations.

Is TraderActive a Scam Broker?

TraderActive has been banned in Italy, Luxembourg, and Belgium due to scam activities.

Is TraderActive Available in the United States or the UK?

The firm is available in the UK but doesn’t work with US residents.

Does TraderActive Offer a Demo Account?

TraderActive doesn’t offer access to the platform before paying an initial deposit.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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