Overview

101Investing is a CySEC regulated broker that offers over 250 CFDs on the MT4 trading platform. Besides CFDs, the broker also offers cryptocurrencies, forex, commodities, ETFs and traditional stocks.

However, to start trading CFDs and other instruments, you need the services of a broker like 101Investing.

However, before you sign up with 101Investing, you should find out exactly what trading offers 101Investing has to offer, how much it charges and, of course, whether 101Investing is trustworthy.

With this complete and honest 101Investing experience report, we clarify these and many other questions.

Invest now via Bitcoin Up with 101Investing

Advantages and disadvantages of 101Investing at a glance

In this test, we present the most important functions of 101Investing and give tips for successful trading with 101Investing via the Bitcoin Up trading robot.

We test how good the broker’s offer really is and whether it is a scam or not.

  • Simple registration
  • No commission
  • Trading via Bitcoin Up trading robot and via MT4 trading platform possible
  • Regulated and licensed broker
  • Large offer
  • Somewhat high swap fees in some cases
  • The spreads could be a little better

Take advantage of 101Investing now

What is 101Investing

101Investing was founded in 2016 and offers commission-free trading in hundreds of instruments. The broker has already received several awards for its tools and services. With a range of educational resources available, the broker targets both retail and professional traders.

101investing is owned and operated by FXBFI Broker Financial Invest Ltd and is based in Limassol, Cyprus. The company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

101Investing is an online trading platform based on CFD (contracts for difference) trading. The broker provides access to stock and foreign exchange markets and allows trading in derivatives on major stocks, currency pairs, commodities, and indices.

The broker offers both automated CFD trading via Bitcoin Up and manual trading via the popular MT4 trading platform.

Those who want to enjoy the high profitability of the 101Investing auto-trading option must register on the Bitcoin Up website. 101Investing has partnered with the trading robot to offer all forms of robo-trading. Bitcoin Up offers both fully automated and the semi-automated trading function.

Fully automated trading options means that the robot handles the entire trade on behalf of the user. All you have to do is deposit the required trading capital and sit back while the robot trades for you.

The semi-automatic trading function allows the trader to determine which trades should be implemented on his account. This option is best suited for professional traders who prefer a certain degree of control over their accounts.

Invest now via Bitcoin Up with 101Investing

The 101Invest offer

101Investing is mainly known for trading CFDs on cryptos, forex and indices. But does 101Investing also offer enough choice here? And what other instruments can be traded via the broker?

The market comprises thousands of instruments that can be traded. Whether you want to focus on just one asset or trade a combination of assets at the same time, it is best to choose a broker with an extensive selection to meet your growing and changing needs.

In this respect, however, 101Investing is a very good choice. The broker offers its clients a wide range of trading instruments.

CFDs at 101Investing

CFD stands for “Contract for Difference”. CFDs are usually offered for commodities, foreign exchange, indices and shares. CFDs are derivatives that are considered complex and risky. All these instruments derive their value from an underlying asset. This means that as a derivative trader, you never own the underlying asset, but instead trade price movements of the asset.

CFDs allow trading with leverage. This significantly increases profits (but also losses). At 101Investing you can trade exclusively with CFDs.

Cryptocurrencies

At 101Investing you have the opportunity to trade CFDs on Bitcoin and more than 50 of the most popular cryptocurrencies. You do not have to own, mine or buy the cryptocurrencies.

When trading CFDs with cryptocurrencies, you only bet on whether the respective currency will fall or rise. In total, 101Investing offers a huge selection of more than 50 cryptocurrencies, the most important of which can be found in the following table:

NameAbbreviation
BitcoinBTC
EthereumETH
LitecoinLTC
EosEOS
RippleXRP
Bitcoin CashBCH

The cryptocurrencies can be traded with a leverage of up to 1:2 and offer a floating spread. The most important information about crypto CFDs at 101Investing:

Investing 101Crypto CFDs
Spreadfloating
Leverageup to 1:2
Trading hours00:00 – 23:59 (7 days a week)
SelectionMore than 50 Crypto CFDs

Raw materials

Commodity CFDs can also be traded at 101Investing. Commodity trading is the oldest financial activity in the world. The broker offers a wide range of commodity CFDs.

CFDs can be found for stable precious metals such as gold, copper, platinum and silver. But also Brent crude oil, RBOB petrol and even natural gas are available. Agricultural commodities offered include coffee, corn, sugar, soybeans, cotton, cocoa, wheat and more.

Commodity trading has never lost its investment appeal over centuries. With many commodities being essential to our individual lives and business successes, thousands of investors choose this long-standing market to diversify their portfolios.

To enter the commodities market these days, you don’t have to trade gold via futures contracts or buy actual barrels of oil. For online commodity trading, 101Investing offers its traders financial derivatives – contracts for difference (CFDs).

The commodity CFDs can be traded with a leverage of up to 1:125 (with a “Pro” account) and offer a spread of 0.0041 for copper to 30 for cocoa, depending on the commodity. The most important information about commodity CFDs at 101Investing:

Investing 101Commodity CFDs
Spread coffeefrom 0.3
Spread copperfrom 0.0041
Spread Platinumfrom 3.1
Spread sugarfrom 0.23
Spread cocoafrom 30
Leverageup to 1:125 (with a “Pro” account)
Trading hoursDepending on the raw material
SelectionMore than 17 commodity CFDs

Forex

Technological progress has increased the size of the foreign exchange market. Meanwhile, the forex market has an average turnover of 4 trillion US dollars per day. This makes forex the most liquid market in the world. The prices of are constantly influenced by actions of governments and central banks of the world’s leading countries.

101Investing offers a wide range of currency pairs that can be traded by its clients. The possible combinations are really extensive. The most important currency pairs can be found in this table:

EuroUSDCADCHFJPYNZD
Euro– –
USD– –
CAD– –
CHF– –
JPY– –
NZD– –

In total, Forex CFDs can be found for over 45 currency pairs. The spread differs depending on the currency pair. The Forex CFDs can be traded with a leverage of up to 1:500 (with a “Pro” account). The most important information about Forex CFDs at 101Investing:

Investing 101Commodity CFDs
Spread EUR/USDfrom 0.7
Spread GBP/USDfrom 1.3
Spread EUR/GBPfrom 0.9
Spread EUR/CHFfrom 1.9
Spread USD/JPYfrom 0.8
Leverageup to 1:500 (with a “Pro” account)
Trading hoursDepending on the currency pair
SelectionMore than 45 Forex CFDs

Shares

With 101Investing you also get access to the world’s leading stocks. You can buy CFDs on over 75 shares of the world’s biggest companies. Including names like Adobe, Amazon, Apple, Sony, NVIDIA, MSFT, Netflix and many more.

When you trade shares CFDs through 101Investing, you can increase your trading profits through leverage of up to 50: 1 (With a “Pro” account). As a result, you can make bigger and faster profits than with traditional share trading. The most important information about stock CFDs at 101Investing:

Investing 101Shares CFDs
Spreadfrom 0.21
Leverageup to 1:50 (with a “Pro” account)
Trading hours16:30 – 23:00 (5 days a week)
SelectionMore than 75 Shares CFDs

Indices

101Investing also offers them the opportunity to trade the world’s best and largest indices.

The most frequently traded indices are the major world indices such as the Dow Jones, the FTSE 100, the DAX, the NASDAQ 100 and the Nikkei 225.

The index market relies on global economic and political events, which are crucial for trading CFDs on indices. Trading indices requires a thorough analysis of the direction a particular stock index may take over a period of time and exploiting that direction by taking long or short positions.

When you trade indices with 101Investing, you can increase your trading profits with leverage between 1:10 and 1:20 (depending on the indices). The spreads also differ depending on the indices. The most important information about indices CFDs at 101Investing:

Investing 101Commodity CFDs
Spread NASDAQ 100from 0.9
Spread SP 500from 0.8
Spread DOW 30from 1.45
Spread DAX 30from 1.0
Leverage NASDAQup to 1:20
Leverage SP 500up to 1:20
Leverage DOW 30up to 1:20
Leverage DAX 30up to 1:20
Trading hoursDepending on indices
SelectionMore than 12 indices CFDs

Benefit now from the large selection at 101Investing

Trade CFDs with 101Investing in just a few steps

There is no doubt that online trading, unlike offline trading, offers a high degree of simplicity and ease.

Unfortunately, registering with brokers can be a burden for many. This is because brokers require a lot of paperwork, which is stressful and time-consuming. Because 101Investing takes a client-centric approach, they have removed a lot of unnecessary red tape and set up a simple and hassle-free registration process.

It’s really easy to sign up for 101Investing. To guarantee that no questions remain unanswered, we have provided this clear step-by-step guide. Click on this link to go to step 1.

Step 1: The 101Investing application

You can register for the broker itself directly on the 101Investing website. However, if you would like to use the recommended Bitcoin Up robot, you must first register on the Bitcoin Up website. Registration is uncomplicated and only takes a few minutes.

Your data is safe with BitcoinUp and 101Investing. As they adhere to strict data protection measures. The Bitcoin Up and 101Investing platforms rely on RSA encryption to protect users’ data from hackers.

Both platforms comply with data protection measures including the EU General Data Protection Regulation (GDPR).

Invest now via Bitcoin Up at 101Investing

Step 2: Deposit

To start with 101Investing, you need to deposit at least 250 US dollars / euros into your new deposit account.

We feel that 250 US dollars is a good amount for beginners. It offers a good opportunity to gain initial experience in live trading and is also sufficient for advanced users to test a new broker in the beginning.

Step 3: Invest with 101Investing

There are two ways to trade at 101Investing. You can trade manually via the valued MT4 trading platform, or you can choose the automated option via the Bitcoin Up robot.

Bitcoin Up is one of the most popular trading robots on the market and promises to generate profits for its users via automated trading software. Although it is impossible to know exactly how this technology works, it is important to note that there have been many new trading robots recently. This can be explained due to latest technologies such as machine learning and artificial intelligence. Trading robots benefit immensely from these new technologies.

The debate about high-frequency (HFT) trading is essentially a debate about the morality of automated trading machines in the financial markets. Yet, since the early 1990s, there have been many automated trading machines operating in the stock and foreign exchange markets that are perfectly legal.

101Investing does not charge users for accessing the Bitcoin Up software.

Invest now via Bitcoin Up at 101Investing

Platforms for trading on 101Investing

An important aspect to weigh up is the trading platform provided by your broker. If the trading platform does not meet your requirements, there is no point in signing up with the broker.

The other tools, trading conditions and functions are irrelevant if the trading platform has security gaps or delays during trading.

101Investing MT4 Trading Platform and Webtrader

101Investing uses the MetaTrader 4 trading platform for manual trading. MT4 is the most commonly offered trading platform among forex brokers.

This is partly due to the user-friendly interface, customisable charts and a host of features – including expert advisors, custom indicators, four outstanding order types, microlot trading support. Analysis tools, trading signals, market news and more.

Even against newer platforms, MT4 has stood the test of time and remains the preferred option for many traders. The platform can be downloaded on the PC or via Android and iOS devices. This provides an optimal trading experience on the go, allowing clients to monitor their trading account at any time and from any location.

101Invest Mobile App

MetaTrader 4 is also available as a mobile trader. The trading platform is available as an app for both Android and iOS. It is a fully-fledged trading platform for mobile devices.

The mobile application offers everything you need for successful Forex trading: a complete set of orders, trading history, interactive charts, technical analysis and the widest range of supported mobile devices.

Traders using MetaTrader 4 Mobile enjoy powerful forex trading features anytime, anywhere in the world. The entire range of analysis and trading options is thus on their smartphone.

101Investing accounts

101Investing offers four different types of accounts. Silver, Gold, Platinum and a professional trading account. The Silver Gold and Platinum accounts differ in spreads, leverage, commission and swap discount. While the professional account brings some special features.

Those who qualify as professional clients get access to leverage of up to 1: 400 for certain instruments. Furthermore, all professional accounts receive a significant reduction in current margin rates.

To qualify as a professional client, 2 of the 3 following guidelines must be met:

  1. You own a portfolio with more than $500,000 in assets.
  2. A proven track record of placing positions with significant sizes
  3. You have worked in a professional position related to derivatives / speculation / trading.

It is important to note that you lose some protection if you qualify as a professional client. You will then be classified as a professional trader under ESMA regulations.

You can see the most important differences between the Silver, Gold and Platinum accounts in this clear table:

Silver accountGold accountPlatinum Account
Minimum deposit250 US DollarUnknownUnknown
Spreadsfrom 0.07from 0.05from 0.03
CommissionNoneNoneNone
Tradable assetsOver 250Over 250Over 250
Maximum leverage1:301:301:400
Swap DiscountNone25 %50 %

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101 Investing Fees

Investing 101Fees
CommissionNone
Account maintenance chargeNone
Inactivation fee between 61 – 90 days80 €
Inactivation fee between 91 – 180 days120 €
Inactivation fee between 181 – 270 days200 €
Inactivation fee from 271 days500 €
Withdrawal fee for active accountsNo fee for withdrawals of more than €100
Withdrawal fee for inactive accounts50 €

101 Investing does not charge a commission for trading, but finances itself largely through spreads. Spreads for forex pairs start at 0.7 pips for EUR / USD, 0.9 pips for EUR / GBP and 1.3 pips for GBP / USD.

These spreads are okay, but nowhere near as low as other brokers. For indices, spreads start at 1 point on the FTSE 100, and for commodities like crude oil, spreads are around 0.03. Spreads for silver and gold are 0.037 and 0.37 respectively.

Other fees include swap fees for overnight positions and an inactivity fee for dormant accounts. Swap fees are reduced by 25% for a Gold account and 50% for a Platinum account.

Inactivity fees start when an account has been inactive for more than 61 days. Inactivity fees of €80 will be charged for this. Accounts that are inactive for more than 91 days will be charged €120. Accounts that are inactive for more than 181 days are charged €200 and from day 271 the fee is €500.

If you have no money in your account or do not trade, you are considered to have an inactive account.

In addition, 101investing charges a withdrawal fee of €50 if there is no or only minor account activity prior to a withdrawal request. Additional fees may apply for withdrawals of less than €100.

Is 101Investing a reputable provider?

As already mentioned, 101Investing has a regular licence to operate in Europe.

FXBFI Broker Financial Invest Limited (101investing) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 315/16. Such regulation requires the broker to segregate client funds in prime global banking institutions.

In addition, 101investing ensures industry-standard data security, including strict firewalls and Secure Sockets Layer (SSL) encryption on the MetaTrader platform. The servers are located in SAS 70-certified data centres and all money transactions are subject to Level 1 PCI compliance.

The broker is also a member of the Investor Compensation Fund (ICF), which ensures that client funds are compensated in the event of liquidation.

However, the fact that a broker is regulated still does not provide 100% security. In the past, some companies were banned from offering investment services even though they were licensed on paper.

Nevertheless, it cannot be assumed at this point that 101Investing is a scam. To all appearances, 101Investing is a reputable CFD broker.

However, always keep in mind that winnings are not guaranteed and you can lose your money. Therefore, you should only invest as much money as you are willing to lose.

Invest now via Bitcoin Up with 101Investing

Conclusion of our 101Investing experience

101Investing is a legitimate CFD broker that offers online trading on a good trading platform. Unfortunately, the spreads are too high and some users may find the leverage of the silver and gold accounts insufficient.

Users can trade over 250 CFD financial instruments covering currencies, equities, indices, commodities and cryptos via the MT4 trading platform for web and mobile.

To start trading on 101Investing, you can simply sign up on the Bitcoin Up website. Otherwise, in our opinion, a broker like eToro offers a better alternative compared to 101Investing.

Invest with eToro instead

101Investing: FAQs

What is 101Investing?

101Investing is a regulated CFD broker that offers trading in a wide range of financial instruments.

Can you get rich with 101Investing?

There can never be any question of guaranteed profits. In online trading, profits are possible, but not guaranteed.

Can 101Investing be described as a reputable provider?

According to our research, 101Investing is a reputable provider and not a scam. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). Nevertheless, investors should always proceed with caution.

What does the 101Investing offer look like?

101Investing offers an extensive range of more than 250 CFD financial instruments.

Can cryptocurrencies be traded on 101Investing?

Although it is not possible to buy cryptocurrencies such as Bitcoin or Ethereum via 101Investing, the broker does offer CFD trading with cryptocurrencies. With crypto CFDs, you can bet on rising or falling cryptocurrency prices.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

Overview

Kevin Benckendorf

/ Last Updated 08 March 2021

1822direkt is a direct bank that sells its products exclusively via the Internet. The company belongs to the Frankfurter Sparkasse and was founded in 1996.

The direct bank has an extensive range of products and is not only active in the banking sector, but also offers a large brokerage range.

This gives you the opportunity to have all your financial services under one roof at 1822direkt. More and more Germans are looking for alternatives to build up their assets. Unfortunately, many house banks do not offer brokerage services. The Frankfurter Sparkasse is different here with 1822direkt, whose securities account offer is something to be proud of!

1822 is aimed exclusively at private customers and, as a German direct bank, is able to offer an attractively priced custody account that is nevertheless protected by German deposit insurance.

But what are the advantages and disadvantages of an online custody account with a large direct bank compared to today’s modern budget online brokers? What does the highly praised 1822direkt offer really look like? How high are the 1822direkt fees? Kryptoszene.de has answered these and many other questions and summarised the 1822direkt experiences here.

However, we would like to reveal right now that eToro wins our comparison of online brokers and also comes out on top in a direct comparison with the 1822direkt offer.

Test result

  • Offer
  • Fees
  • Support

2.5

Conclusion

Too high fees for too little service

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Advantages and disadvantages of 1822direkt at a glance

  • Free custody account management (with conditions)
  • Frequent trader discounts
  • Many promotions
  • Very expensive trading on foreign exchanges
  • Custody account management not unconditionally free of charge
  • Dissatisfied customers on Trustpilot
  • Current account and credit card only free of charge under certain conditions

If you are looking for a direct bank with a broker that offers a good selection of underlying securities and ETFs that can be saved, it is worth taking a look at the 1822direkt custody account.

At 1822direkt you get a really good all-round banking package. In addition to the online custody account, you can also use a wide range of other banking services.

The custody account itself can even be managed free of charge under certain conditions and offers you a good selection of trading venues.

Unfortunately, the large selection of trading venues is only of limited use. For example, you pay very high fees for trading on foreign exchanges. Otherwise, the prices for orders are often OK due to various promotions, but without these discounts trading quickly becomes expensive.

For very active traders, 1822direkt offers a 20% discount for frequent traders from 75 trades per year.

The 1822direkt offer and conditions

1822direkt’s trading offer is one of the most extensive of all German brokers. You have the opportunity to trade shares, bonds and over 41,000 funds.

Although ETFs and ETF savings plans are also available to you, these cannot be saved for free indefinitely.

Furthermore, you have the possibility to trade certificates such as warrants. The provider’s product range also includes commodities.

With the 1822direkt securities account, you can trade securities on all German trading venues, including Xetra. International trading options are also available. Unfortunately, international trading at 1822direkt is very expensive.

If you want to participate in off-exchange trading, you can do that as well. Off-exchange trading allows you to buy and sell securities outside the trading hours of the stock exchange, for example through issuers such as Lang & Schwarz.

In addition to a custody account, there are other interesting products available to you. Pretty much any financial service is covered. Whether a current account with a free Visa card or loans.

1822direkt often offers interesting promotions as a special feature, which give you a discount on trading or promise you bonus rewards for opening an account. So it’s worth keeping an eye out for such offers.

The 1822direkt product range at a glance:

Securities

  • ETFs
  • Shares
  • Bonds
  • Certificates
  • Warrants
  • Fund

Financial services

  • Current account & credit card
  • Loans
  • Construction financing
  • Call money account

Savings plans

  • 2500 funds
  • 850 ETFs
  • Over 50 certificates eligible for savings plans

1822direkt securities account price list

When you compare share deposits online, you most likely first look at the costs and fees. This is very understandable, as high order costs or custody account management fees can quickly reduce your share profits.

That is why this is also our main criterion when we evaluate an online custody account. Unfortunately, the fees for the 1822direkt custody account are not the cheapest. Trading on international trading venues in particular is very expensive.

Custody account management is permanently free of charge under certain conditions. You must execute at least 1 order per quarter, otherwise you pay a custody account management fee of €3.90 per month.

The order fees are €4.95 + 0.25% of the market value + exchange fees and amount to a minimum of €9.90 and a maximum of €59.90. If you wish to trade on an exchange abroad, an order fee of €49.95 + 0.25% of the market value + exchange fees will be charged. The minimum fee for trading abroad is €54.95 per order.

If you trade regularly via your 1822direkt custody account, you receive a frequent trader discount. From 50 trades per half-year, you receive a 10% discount on the order commission. With 75 trades in half a year, you even get a 20% discount on the order commission.

By the way, you do not pay any additional exchange fees for direct trading. The trading venue fees in UK cost € 1.95 and € 15.00 abroad.

ETF savings plans cost a standard order fee of €2.95 for the 1822direkt securities account.

Costs and fees overview

The overview of costs and fees is intended to illustrate how much fees are incurred when managing a securities account and trading securities. For comparison purposes, we take our securities account test winner eToro as an example:

PowerCosts with 1822direktCosts with eToro
Custody account management fee (for one order per quarter)Free of chargeFree of charge
Custody account management fee (In case of inactivity)3,90 € per month, or 46,80 € per yearFree of charge
Buy and sell orders (domestic)4.95 € , plus 0.25 % of the market value, plus trading venue fees (min. 9.90 € and max. 59.90 € per order)Free of charge
Buy and sell orders (abroad)49.95 € , plus 0.25 % of the market value, plus trading venue fees (min. 59.90 € per order)Free of charge
Trading venue fees (direct trading)Free of chargeFree of charge
Trading venue fees (domestic)1,95 € per orderFree of charge
Trading venue fees (abroad)15 € per orderFree of charge
Set, change, delete limitFree of chargeFree of charge
Execution of a savings instalmentfrom €2,95Free of charge

The 1822direkt securities account at a glance

  • Free custody account management (subject to conditions)
  • Order commission of at least €9.90 in domestic trading
  • Order commission of at least €49.95 in foreign trading
  • Savings plan execution for €2.95

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

5

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

1822direkt securities account offers & promotions

The 1822direkt securities account is known for numerous really interesting offers. Thus, the fees become significantly more attractive in these cases.

Free custody account management

For the 1822direkt custody account you pay no custody account management fee for as few as 1 order per quarter!

Aktivtrader discount

If you trade regularly, you will receive a discount on your order commission. With 50 transactions in the previous half year, you receive a discount of 10%. This means that orders can be placed for as little as €8.90 plus third-party costs.

With 75 transactions in the previous half year, you even receive a discount of 20%. This allows you to trade from €7.90 plus third-party costs.

Free order for new customers

If you open a new custody account with 1822direkt by the end of the promotion period, your first 10 orders are completely free of charge!

1822direkt call money account

Of course, you also need a clearing account for your securities account. Since 1822direkt is a large direct bank, you have a number of options here.

Your clearing account can be a current account or a call money account from 1822direkt. The call money account at 1822direkt is free of charge and offers you an interest rate of 0.05% on your call money.

The most important details about the call money account at 1822direkt:

Account chargesFree of charge
Interest (on assets up to € 20,000)0,05 %
Interest (on assets over € 20,000)0 %

Current account with credit card

If you do not want a call money account as your settlement account, you have the option of opening a current account with the direct bank, as already mentioned.

The current account at 1822direkt is free of charge if you receive at least €700 in incoming money per month. Otherwise it costs you a fee of €3.90 per month.

As a special feature, you can also get a credit card with your current account. The credit card costs € 0.00 in the first year. In the following years you need a turnover of 4,000 € per year, otherwise you pay 29.90 € per year for the credit card.

The most important details about the current account at 1822direkt:

Account charges3,90 € monthly
Account fee (with min. 700 € cash inflow per month)Free of charge
Current interest0 %
Disp.7,17 %
Credit card fee (in the 1st year)Free of charge
Credit card fee (From the 2nd year)29,90 €
Credit card fee (for annual turnover of € 4,000)Free of charge

Loans with 1822direkt

1822direkt also allows you to take out various loans.

Unfortunately, the choice of loans is rather limited, as loans for pupils, students and the self-employed are completely lacking.

Here is an overview of the possible loans:

  • Construction financing
  • Overdraft facility
  • Car loan
  • Instalment credit
  • Consumer credit
  • Personal loan
  • Instant credit
  • Debt rescheduling

Otherwise, there are of course some requirements that have to be met in order to qualify for a loan from 1822direkt.

In principle, loans from the direct bank are only available to persons of legal age whose place of work and main residence is in UK. In addition, the monthly income must regularly come from non-self-employed work.

The conditions for the loans at 1822direkt:

Minimum net loan amount2.500 €
Maximum net loan amount50.000 €
Effective annual interest rateBetween 1.94 % and 8.99 % (depending on creditworthiness)
Fixed borrowing rate p.a.Between 1.94 % and 8.64 % (depending on creditworthiness) Overdraft interest rate: 7.43 % p.a.
Duration12 – 120 months
Processing feesNone
Intended useFreely selectable (Except for real estate and residential purposes)

1822direkt Construction Financing

Although 1822direkt does not offer its own building finance, it works with a total of 150 third-party providers so that you can also handle your building savings planning through the company.

The loan size depends on your credit rating, but up to 122% of the purchase price is possible. In addition, 1822direkt offers a very attractive fixed interest rate of up to 40 years.

The mortgage rate starts at 0.53% APR, but of course depends on your creditworthiness.

The most important information on 1822direkt mortgage financing

Minimum loan5.000 €
Maximum loan amountn/a
Maximum fixed interest rate40 years
Special repaymentYes, up to a maximum of 10% of the remaining debt.
Loan-to-value ratioUp to 122 % of the purchase price
Forward loanYes. Up to 66 months in advance

Securities savings plans at 1822direkt

If you want to build up your assets over a longer period of time, securities savings plans are worthwhile. 1822direkt also offers these.

The savings plan rate at 1822direkt costs a flat rate of €2.95 per execution. It does not matter whether the order volume is €50, €150 or even €1500. This of course makes the 1822direkt offer much less attractive for smaller savings rates.

As with other providers, however, there is the option of saving for some ETF savings plans free of charge. In this case, the €2.95 execution fee is waived. However, this option is currently limited to a maximum of 24 months.

Therefore, we cannot currently recommend the 1822direkt custody account for long-term savings in funds or ETFs.

The most important information about the 1822direkt securities savings plans

Savable ETFs750 +
Savable funds2700 +
Savable certificates10 +
Savings plan rate2,95 € per version
Minimum savings rate50 €
Free ETF savings plansYes (limited to 24 months)

1822direkt securities account savings plan

You can also easily set up an ETF savings plan via 1822direkt. An ETF savings plan is a securities savings plan with which you can build up assets over the long term. You invest a monthly savings amount in an ETF. Among other things, this can track a stock market index, i.e. it is composed of the same shares as the corresponding stock market index, for example the DAX. If the DAX rises, the ETF fund rises by the same amount and vice versa.

1822direkt offers its customers an ETF savings plan for as little as €50 per month. There is also only a €2.95 fee per execution. You also have a choice of over 880 ETFs eligible for savings plans.

This means regular investment in shares, fixed-interest securities, commodities and also currencies. The ETF savings plans from 1822direkt are also suitable for saving for children and for old-age provision. In addition, there is a cost-average effect, i.e. when prices fall, more units are added to the portfolio. If prices rise, fewer units are bought.

1822direkt Junior Custody Account

Both parents and grandparents want to make sure that their children and grandchildren are well secured for the future. Whether it is a matter of building up financial reserves for a driving licence, education or a stay abroad – there are various ways of saving for children.

At 1822direkt, you have the option of setting up a custody account for your children. The earlier you start saving, the greater the return, of course. A good option for this is the 1822direkt Junior custody account. Here you set a certain amount to be paid into a fund savings plan at regular intervals. This sum is then used to purchase funds eligible for the savings plan.

With a savings plan for children, you can sometimes achieve high returns. At the same time, this form of investment is always subject to the risk of loss, depending on how the price of the shares or bonds behaves. Investing in ETFs is also attractive.

1822direkt Demo

Of course, a large provider such as 1822direkt also offers a sample account. A sample account offers many advantages, especially for beginners. You can get to know trading and try out different strategies.

However, 1822direkt Demo is not a classic demo account or demo securities account. Rather, it is a kind of demo portal. This allows new customers to get to know how the 1822direkt online broker works.

However, you have the option of setting up a classic sample portfolio and a watch list under “Securities” in the “Markets and Stock Exchanges” category.

Please note: The sample account, the watchlist and the demo portal of 1822direkt are aimed at existing customers and are not available to prospective customers.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Step by step guide: How to open a custody account at 1822direkt

Opening a custody account at 1822direkt is relatively easy and only takes a few minutes. You can open a new custody account directly on the internet. VideoIdent and PostIdent are available as verification procedures.

As 1822direkt Direktbank is regulated by BaFin in UK, the form for opening a custody account contains generally known questions that are also standard for other online brokers.

You need the following documents to open a custody account:

  • Identity card or passport
  • Tax identification number
  • Internet access
  • E-mail address
  • A mobile phone with an active mobile number

You can also open a custody account with 1822direkt if your place of residence is outside UK. However, further regulations apply to you in this case.

Before you start opening a custody account, you must specify whether you want to open your custody account with 1822direkt as an existing customer or as a new customer.

For our instructions, we choose “new customer”, as opening as an “existing customer” is even easier and requires fewer steps.

Otherwise, these 5 steps await you when opening an 1822direkt securities account:

  • Personal details
  • Clearing account
  • Further information & consents
  • Print & sign application
  • Verify identity

Step 1: Personal details

If you want to open a custody account with 1822direkt, you will find a very clearly designed form. It starts with simple personal details.

These are first name, last name, date of birth, nationality and your tax ID number.

Next come contact details such as street, postcode and place of residence. Of course, you also need a mobile number and an e-mail address to open a custody account.

Once you have completed this section, you will be asked to provide information about your current employment.

Step 2: Clearing account

In the same section of the form you will find a tick next to “Open a clearing account“. When you open a custody account with 1822direkt, you must have a clearing account. This is opened as a free call money account directly when you open a custody account.

In addition to the clearing account, you will of course need a reference account. Simply enter the IBAN of your current current account from which you want to transfer money to your custody account.

Otherwise, there is another point in this section of the form called “Arrange transfer of securities“. If you already have securities or a securities account with another provider, 1822direkt will help you transfer them to your new securities account.

Step 3: Further information & consents

This section contains some additional information. For example, whether you have a personal connection to the USA (citizenship, GreenCard, … ) or how much knowledge and experience you have with securities.

Otherwise, consents can be found in this section. First, there are consents to receive information (advertising), consents to data processing and, of course, the terms of the contract.

You must accept various terms and conditions here and confirm that you are opening the account for yourself personally and not in the interest of third parties.

If you agree, all you have to do is click on “Open securities account now”.

If you have made false statements about your person or tax, this can have far-reaching consequences.

If you give false information about yourself, it is also likely that there will be problems in the last step – the legitimisation procedure.

Step 4: Print & sign the application form

Your custody account is already as good as opened! Your data will now be checked by 1822direkt. In this section you can download your application, print it out, sign it and then send it to 1822direkt by post.

If you don’t have a printer, you can also request your application documents by post.

Step 5: Verify identity

Every bank is obliged to establish the identity of its customers so that no taxes can be evaded. 1822direkt is no exception. With the 1822direkt securities account, you have two different options to confirm your identity.

PostIdent

Instead of using the classic PostIdent procedure, where you have to bring the signed documents to the post office. 1822direkt offers the use of the PostID portal. This works in a similar way to the VideoIdent procedure. You need a computer, a tablet or a smartphone with a camera and, of course, an ID card.

VideoIdent

The VideoIdent procedure (or WebID Portal at 1822direkt) is usually somewhat faster and less complex than the classic PostIdent procedure. The WebID portal is offered by 1822direkt and allows you to verify your identity directly via computer, smartphone or tablet using video transmission.

At the WebID portal, you simply hold your ID card up to the camera and an employee takes a few photos of you together with your ID card. These photos are then used for identification purposes.

Recommended broker

  • Alternatively, our recommendation: trade with our test winner eToro
  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Who is behind 1822direkt

As already mentioned, 1822direkt Direktbank belongs to Frankfurter Sparkasse (FSP). 1822direkt was founded on 28 September 1996 as a subsidiary of Frankfurter Sparkasse and remains a wholly owned subsidiary of FSP.

As a direct bank, the company offers banking and financial products via the internet and telephone. In addition to call money, current and deposit accounts, you can also find instalment loans and construction financing.

As the company is licensed as a full-service bank in UK, all financial services are regulated by the Federal Financial Supervisory Authority (BaFin) and the European Central Bank. Also, since 3 July 2015, your deposits are protected by the German deposit guarantee for €100,000.

Who is the 1822direkt custody account suitable for?

1822direkt’s offering is aimed exclusively at private customers.

The target group of the offer is primarily customers who want to invest their money in investment funds.

Especially private customers who attach great importance to a secure and trustworthy broker will find the offer of 1822direkt very interesting. The regulation by BaFin and the German deposit guarantee of up to €100,000 really inspire confidence.

Unfortunately, the offer is less attractive for investors who want to save smaller amounts of money over a long period of time. For example, ETF savings plans are free of charge for a maximum of 24 months. After that, they cost a flat fee of €2.95 per execution, regardless of the order volume.

The order commission of at least €9.95 for domestic trading is also not necessarily the most favourable conditions. Many online brokers are cheaper.

However, 1822direkt’s offer is not really recommended for customers interested in trading abroad. There is an order fee of at least €59.90 per order. These are extremely high prices.

The offer from 1822direkt is therefore most interesting for those who would like to cover all their financial services through a single bank and are willing to pay more money for good investment security.

However, if you want to trade regularly with smaller order volumes, it is advisable to switch to a cheaper platform. A good option for this is eToro, for example.

The 1822direkt App

In today’s smartphone age, there is of course also an 1822direkt app that has been specially developed for mobile devices.

The entire 1822direkt range can be accessed using the clearly designed app, which is available for iOS and Android.

If you have a current account with 1822direkt, you can use the app not only to trade your securities, but also to keep track of all your finances in one app.

The most important functions of the 1822direkt app:

  • Push notifications (immediately informed about account inflows and outflows)
  • Account overview (all accounts clearly arranged in one app)
  • Photograph invoices (photograph invoices instead of typing in IBANs)
  • ATM search (Find Savings Banks ATMs near you)

Securities trading on the move

The 1822direkt app makes it easy to place an order at any time and from anywhere. You can find the security in seconds using the clear input screen and can buy or sell it with just a few clicks.

The most important functions of the 1822direkt app in relation to securities trading:

  • Markets (current prices for all important securities)
  • Securities search (search for interesting securities)
  • Securities holdings (monitor your current securities holdings)
  • Trade (buy and sell with or without limit)

1822direkt customer portal

1822direkt is also well positioned in terms of customer service. You can reach the support team in a variety of ways.

The customer service staff at 1822direkt can be reached by telephone from Monday to Friday from 8:00 to 20:00. This is fine, but it would be desirable if the customer service were available during the entire trading hours. On Saturday, the call centre is available from 8:00 to 16:00.

Alternatively, you can also contact the 1822direkt support team by e-mail and even by live chat.

In our test, there were sometimes short waiting times for telephone enquiries, but these never lasted too long.

Emails are usually answered within one working day. In their replies, the customer service representatives are very friendly and give highly professional answers.

For short, less complicated questions, the live chat is also sufficient, in which you often receive an answer within a few minutes.

Overall, I was satisfied with the customer service at 1822direkt and can recommend it.

1822direkt Deposit Opening Bonus

1822direkt often offers new customers bonuses when they open a securities account there. For the first month, for example, there are 10 free trades and a 50% order discount as well as an Amazon bonus of €50.

In addition to these bonuses, there are always special offers at 1822direkt that can be used in connection with opening a custody account.

Cancel or close your 1822direkt custody account

If you want to terminate or close your custody account with 1822direkt, this can be done very easily. In principle, an informal application is sufficient to terminate a custody account.

However, before you terminate your custody account, you should not forget to take these measures:

  • Selling the existing securitiesIf you
    want to sell your existing securities, you should do so before terminating the account. If this is not lucrative, you should reconsider whether you want to terminate the custody account or possibly transfer the securities to another custody account.
  • Debit the credit balance on the custody accountIn
    most cases, you still have a credit balance on your 1822direkt account. You should debit this in any case before terminating your account.
  • Switching to another brokerIf you
    want to switch to another broker, you first open a securities account with the new broker. You can then easily apply to 1822direkt for a change of custody account. This is always free of charge within UK.

1822direkt securities account transfer

If you want to transfer the custody account at 1822direkt to another broker, this is usually easy and free of charge. In general, custody account transfers in UK are free of charge. First you choose a broker of your choice and open a new custody account there. After all, you need another custody account to transfer the existing one.

As soon as you have registered with another custody account and opened a custody account, you can then apply to 1822direkt for a change of custody account. This runs smoothly. There are no additional costs for a change of custody account.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

1822direkt experiences and user opinions

On Trustpilot, however, the company is not at all convincing. 1822direkt currently has a ranking of 1.7, which corresponds to an “insufficient” rating. However, the total of 89 ratings refer not only to the broker offer, but to all of the company’s financial services.

If we look at the ratings a little more separately and focus only on those that rate the broker service, the users seem to be somewhat more satisfied.

However, of the 89 reviews, only 7% rate the broker with five stars and “Excellent“. A positive example rating:

“I can’t really understand all the bad reviews. So far I haven’t had any problems. I’ve been with 1822 for a year now and am actually quite satisfied. […]”A.G. on trustpilot

A total of 78% of all users rate the broker as “insufficient” and only one star. It should be mentioned here again that the ratings refer to the entire range of products offered by the direct bank and not just to the broker. A negative example rating:

“Depot already the whole day with error messages and therefore no buy/sell and no overview possible. A real-time transfer only arrived on the clearing account more than 10 !!!!!! hours later to the clearing account. Specifically: transferred at 8.30 p.m., not booked until around 8 a.m. the following day. I actually wanted to trade the day before… They must be confusing seconds with hours. Furthermore, even normal transfers to the reference account take far too long.” F.W. on trustpilot

Of course, both examples are very subjective impressions. However, the diverse experience reports can certainly help new investors to get to know the weaknesses or advantages of a broker in advance.

You can save yourself a lot of work and, above all, time by doing accurate research. If you are looking for a broker with lower fees and better ratings, we can recommend eToro.

What is the best alternative to the 1882direct custody account?

Since 1822direkt is relatively expensive and custody account management is also only free of charge to a limited extent, there are alternatives that could be considered throughout. For those who do not need a current account and only need a securities account for trading securities and other assets, we recommend our securities account test winner eToro.

At eToro, opening and managing a custody account is completely free of charge. In addition, the provider also charges 0% fees when buying shares and ETFs. At eToro there is also a very large selection of trading options – you can easily diversify and expand your portfolio. The provider offers shares, foreign exchange, cryptocurrencies, CFDs, ETFs and commodities.

In addition, there are several payment options, including PayPal, which makes it easier for many customers. eToro is also known for its social trading function. Here you can copy the portfolios of other successful traders.

The multi-asset platform is ideal for all those who want to execute multiple orders or invest in multiple assets. As a trader, you often overlook the order fees. At 1822direkt, trading securities can be quite expensive – this is not the case at eToro. In addition, eToro is a fully regulated and licensed broker.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

1822direkt conclusion – our experience

Overall, we can describe the 1822direkt custody account as “alright”. Let’s start with the positive. 1822direkt offers you more than just a broker. If you choose 1822direkt, you get a complete package and a variety of financial services. The broker is only one part of the company. Thanks to the bank’s many years of experience and its headquarters in UK, you can also feel secure with 1822direkt.

The advantages of 1822direkt at a glance

  • Free custody account management (with conditions)
  • Frequent trader discounts
  • Many promotions
  • Deposit guarantee

The broker is regulated by BaFin and your investments are protected by the German deposit guarantee of up to €100,000.

The range of securities on offer is okay, but not impressive. The same can be said for the number of trading platforms. Although you can trade on all German stock exchanges and some foreign exchanges, we advise you not to do so.

The prices for foreign exchange trading are simply far too expensive. You pay at least €54.95 for an order. This bears absolutely no relation to the company’s offer.

The customer service is okay and largely convincing in our test. However, we would like to see better availability times. The app is also satisfactory. It not only offers the possibility of mobile trading, but also includes the complete banking offer of 1822direkt.

However, investors who are particularly willing to take risks should better look for an alternative, as the broker does not use options and CFDs at all. Investors who want to save smaller sums over a longer period of time are also better off with other providers.

If you already have a current account with Direkt1882, there is no reason why you should not take a closer look at the brokerage services offered by the direct bank. However, in most cases we advise you to use another provider such as eToro.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

1822direkt securities account FAQ:

Is 1822direkt reputable?

Yes. 1822direkt is a wholly owned subsidiary of Frankfurter Sparkasse. As a result, the company is considered very trustworthy. In addition, the company, which is based in UK, is subject to regulation by BaFin.

Is 1822direkt the best broker?

No. It depends on what you expect from a broker to answer these questions. However, in our opinion there are better alternatives. However, the 1822direkt broker can be a good choice for your first experiences with securities trading.

How expensive is trading at 1822direkt?

Trading shares and ETFs at 1822direkt costs an order fee of at least €9.95 for domestic trading. When trading on foreign stock exchanges, you pay an order fee of at least 54.95 euros.

On which stock exchanges can I trade with the 1822direkt custody account?

With the 1822direkt custody account you can trade on all German stock exchanges. A good number of international trading venues are also available. In addition, 16 off-exchange trading venues are offered.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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Kevin Benckendorf

Kevin Benckendorf grew up in UK but is at home in the world. His passion is the latest technology. He has also been involved with cryptocurrencies and finance in general since 2015. He has already acted as an advisor for several ICOs.

View all posts by Kevin Benckendorf

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Overview

Looking for a 247 Cryptocurrencies test? In the meantime, the online broker exists worldwide and the customer base is growing.

In this review you will find all the information about the offer, fees and trading opportunities of 247 Cryptocurrencies.

Nowadays, you should always be on your guard when choosing an unknown online broker.

Especially in the field of cryptocurrencies, people often work with unclean methods and sometimes even with scam and fraud.

In our 247 Cryptocurrencies test, we first create our own account and then look at the background of the platform. We then look at other user opinions and 247 Cryptocurrencies experiences.

Direct to 247 Cryptocurrencies

247 Cryptocurrencies test: advantages and disadvantages

We took a closer look at the advantages and disadvantages of 247 Cryptocurrencies. Is it worth working with this platform?

  • Search engine for the best online broker
  • No crypto wallet is necessary for Bitcoin trading
  • Wide range of cryptocurrencies
  • Deposit with Euro via credit card, or directly with Bitcoin
  • Simple registration
  • Own mentor for clients
  • Possible total loss of the investment
  • Broker is neither licensed nor regulated
  • Investments are high-risk
  • No information about the disbursement procedure

What is 247 Cryptocurrencies?

247 Cryptocurrencies is not a classic online broker. Rather, this provider has made it its task to act as a kind of search engine to find the best online broker for investors.

As soon as you have registered on the website of 247 Cryptocurrencies, the system automatically searches for what appears to be the best online broker for the customer. You often end up with a partner broker of 247 Cryptocurrencies.

Our 247 Cryptocurrencies test is intended to show how reputable the platform is and whether it could be worthwhile to get your own 247 Cryptocurrencies account.

For this purpose, we tested the provider and also took a look at the terms and conditions, as well as regulation and licensing.

Direct to 247 Cryptocurrencies

Step by step guide 247/Cryptocurrencies

In order to determine whether 247 Cryptocurrencies is reputable, we first create our own 247 Cryptocurrencies account. To do this, we first go to the platform’s homepage. We are immediately greeted by the 247 Cryptocurrencies slogan: “The time has come to capitalise on cryptocurrencies“. That sounds promising at first.

Current prices and further information can be viewed on the homepage. If you scroll down a little on the homepage, you will be introduced to the alleged advantages of crypto trading.

The design of the page is kept relatively simple. The entire homepage seems to consist only of the start page; for more detailed information, there is only a disclaimer and a FAQ at the bottom. To find out whether 247 Cryptocurrencies is serious, you first have to register.

One should never assume that investments in cryptocurrencies will automatically bring profits. Rather, it is advisable to always approach such risky investments with the necessary caution. This caution should also be taken into account when choosing a platform. Before depositing money with an unknown provider, one should be sure of the platform’s seriousness.

1. the application

If you want to register with 247 Cryptocurrencies, the first step is very simple. A clearly visible box has already been implemented on the homepage. It asks for the following data: First name, last name, email address, telephone number and country of residence. In addition, you choose a suitable password that should be as secure as possible.

This data is apparently used to find the best online broker for the client. As soon as this information has been provided, one can click on the button with the inscription “Get access now“. If all the information is correct, the system automatically searches for the right broker for the new customer.

Direct to 247 Cryptocurrencies

2. automatic broker choice

For our review, we carried out this registration more frequently with the data of different people. We wanted to find out which brokers are ultimately forwarded to.

In most cases, our new account was created with one of the following two partner brokers: LV Growmarkets was recommended most often. The second most frequently suggested broker was Ino Investments.

The individual criteria used to create these proposals cannot be seen from the outside. What is certain, however, is that both brokers appear to be partner brokers of 247 cryptocurrencies. It is therefore difficult to say how objectively the selection is made. Certainly, possible commissions should play a role.

In the small print of both LV Growth Markets and Ino Investments, no indication can be found that these brokers are licensed or regulated in any way. Thus, any deposit made with these brokers should be considered a pure investment experiment.

There does not appear to be any deposit insurance or other security. It is advisable to first only use the minimum deposit amount for a possible deposit. This ensures that you do not suffer excessive losses in the event of irregularities.

3. the deposit

How does the deposit work? That depends on which broker you end up with. With LV Growth Markets, for example, deposits can be made via credit card and bitcoin. If you have an account with Ino Investments, you can also use Wire Transfer or OK PAY as an instant transfer service provider in addition to the credit card.

In both cases, the money should be immediately available as a credit on the platform. The minimum deposit amount is €250, both for LV Growth Markets and Ino Investments. Of course, you can also deposit a higher amount right away. However, it is advisable to refrain from this step for the time being, as the authenticity of the platforms cannot be definitively clarified.

One should always keep in mind that all deposits into these platforms should be considered as a pure investment experiment. It is not wise to assume that profits will automatically be produced. Accordingly, the smart investor should only use money that he actually has liquid at his disposal and does not need elsewhere. As soon as the deposit has been made, the next step is to start trading.

4. trading

The trading experience depends heavily on the platform that 247 Cryptocurrencies has selected for you. Unfortunately, both LV Growth Markets and Ino Investments do not seem to offer a demo account. This means that you have to make a deposit in any case so that you can make your first trades.

You can easily invest in cryptocurrencies on both platforms. The coins offered range from the classic Bitcoin to very small coins such as 0x.

In trading itself, the focus is on CFD trading. This means that you can simply bet on rising or falling prices in the chart and hopefully generate profits quickly.

The user is also provided with all standard tools, such as the “Stop Loss” or “Take Profit” functions. Both brokers also have an Academy area where you can inform yourself about investment strategies and develop them further.

Furthermore, the respective brokers also have special features. LV Growth Markets, for example, seems to be particularly recommended for newcomers, as it also provides a personal mentor. Now it remains to be hoped that you will be successful with your chosen trading strategy and that you will soon be able to make your first profits with the respective provider.

Direct to 247 Cryptocurrencies

Is 247 Cryptocurrencies reputable? The Scam Check

Is 247 Cryptocurrencies serious or is 247 Cryptocurrencies scam? For this, let’s first take a look at the background of the search engine. There is no indication that 247 Cryptocurrencies is regulated and licensed in any way.

Users of this platform must therefore live with the fact that they do not have the securities that are a matter of course with large online brokers.

The partner brokers also have neither licensing nor regulation. If you want to use these platforms, you should have the necessary high willingness to take risks.

However, we have not found any indications that 247 Cryptocurrencies could be a scam. Deposits and withdrawals seem to run smoothly. Nevertheless, one should only approach this provider with the necessary caution.

Especially when trading with cryptocurrencies, you can always quickly get caught by black sheep in the vastness of the internet. What to do in such a case can be read here.

247 Cryptocurrencies Experiences: What do other users think of the platform?

To round off our 247 Cryptocurrencies review, we now turn to the relevant forums that deal with the topic of cryptocurrencies. However, there are relatively few reports and 247 Cryptocurrencies experiences.

The user community seems to be quite divided on the question of whether 247 Cryptocurrencies is reputable. While some state that they are very satisfied with their chosen online broker, others complain about problems with the payout procedure. However, it is not always possible to determine which partner broker of 247 Cryptocurrencies is ultimately involved.

The problem that the respective brokers are neither licensed nor regulated is also frequently mentioned. Here, too, it can be seen that a high willingness to take risks is likely to be an advantage when using 247 Cryptocurrencies and the other brokers.

Some reports say that it might be illegal to use this broker. Other 247 Cryptocurrencies experiences say that trading there should be in a legal grey area due to a lack of regulation. It is impossible to determine who is right.

If one wants to summarise the different opinions that exist about 247 Cryptocurrencies in the vastness of the internet, one can definitely say that there are quite a few customers who are very satisfied with this provider. On the other hand, there are also users who are convinced that 247 Cryptocurrencies could be a scam.

So you have no choice but to make up your own mind about the platform. However, one should never disregard the necessary caution.

Conclusion: The 247 Cryptocurrencies Test Rating

247 Cryptocurrencies is a highly interesting project. It is not a classic online broker, but rather a kind of crypto broker search engine. This could make it easy for newcomers to enter the world of cryptocurrencies.

Using the partner brokers also turned out to be uncomplicated. You are able to speculate on the prices of cryptocurrencies without a wallet and hopefully make a profit. It is extremely easy to get started and there are also countless opportunities for further training.

Nevertheless, one should not disregard the fact that there are neither regulations nor licensing. Any investment made in these platforms should therefore be seen as a pure investment experiment. It cannot be determined how safe these platforms ultimately are.

Testimonials from other users have shown that there can be problems with payouts under certain circumstances. However, judging by the number of such negative 247 Cryptocurrencies Test Reviews, this should be the exception.

Nevertheless, if you want to trade cryptocurrencies with 247, you should only ever use money that you actually have available in liquid form.

Those who are constantly educating themselves and who have developed an efficient cryptocurrency trading strategy could soon expect to make their first profits with 247 Cryptocurrencies. However, for those who prefer a high level of security, an established large online broker might be the better alternative.

The advantages of 247 Cryptocurrencies at a glance

  • Search engine for the best online broker
  • No crypto wallet is necessary for Bitcoin trading
  • Wide range of cryptocurrencies
  • Deposit with Euro via credit card, or directly with Bitcoin
  • Simple registration
  • Own mentor for clients

Direct to 247 Cryptocurrencies

247 Cryptocurrencies Test: FAQs

What is 247 Cryptocurrencies?

The provider is an online broker where you can speculate on shares, forex, cryptocurrencies and other assets.

Is it worth opening an account with 247 Cryptocurrencies?

In our test, 247 Cryptocurrencies could at least offer itself for investment experiments. The diverse trading options and excellent customer support attract many customers, most of whom are very satisfied with the provider.

How much money should I invest?

The minimum deposit at 247 Cryptocurrencies is set at €100. The amount of your own investment should depend on your own liquidity, the chosen asset and your own risk tolerance. In general, you should never invest money that you actually need elsewhere, as profits can never be guaranteed.

How long does a payout take at 247 Cryptocurrencies?

Here, too, the platform is convincing. Withdrawals are processed very quickly and are in your account within a few minutes to 2 working days, depending on the selected withdrawal method.

What are the requirements for me to trade successfully at 247 Cryptocurrencies?

You should always know what you are investing in. The provider offers an academy where you can continuously educate yourself and receive detailed information about all trading options. If you have the necessary know-how, as well as the necessary bit of luck from time to time, nothing stands in the way of early profits.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

Sebastian cobbler

Sebastian Schuster specialises in cryptocurrencies and share price analysis. He became involved in financial marketing at an early age and then decided to turn his hobby into a profession by studying Banking and Financing. Besides his main job as an analyst at an influential financial consulting firm, he regularly writes for Kryptoszene.de and analyses charts of stocks and cryptocurrencies.

View all posts by Sebastian Schuster

Experiences (0)

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Overview

We help you find the best exchanges and brokers on the net and introduce you to the best platforms in our critical reviews. ActivTrades calls itself “the forex broker of the year 2020”.

In our ActivTrades test, we take a look at the range of products offered by the long-established broker, highlight the fee model and list useful information. We also take a look at the customer service and the security standards that the ActivTrades broker has to offer.

Without prejudging our rating: ActivTrades allows trading in shares, forex and CFDs. The latter can be applied to indices, shares, commodities and cryptocurrencies. The wide range of offers makes trading with ActivTrades attractive.

Read on and find out whether it is worth your while to gain your own experience with the broker.

Test result

  • Offer
  • Fees
  • Support

Conclusion

Recommended provider, but few cryptocurrencies on offer

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

ActivTrades advantages and disadvantages

  • Informative website in very good presentation
  • Trade Forex with ActivTrades or speculate on Forex, Indices & Commodities with CFDs
  • Trade Bitcoin CFDs with ActivTrades
  • Registered with the UK FCA and the German Federal Financial Supervisory Authority (BaFin)
  • Very high deposit protection of up to £85,000 per investor (FSCS)
  • Trade optionally via the in-house platform ActivTrades or the software Meta Trader 4 & 5 possible
  • Trading platform expandable with trading tools and other trading tools
  • Free trading webinars and trainings for every experience level (in German)
  • Free Activtrades demo account available
  • Customer service available via live chat as well as by phone or email
  • Minimum deposit from just 100 euros
  • No social trading
  • No deposits via Paypal
  • ActivTrades only holds four cryptos in its CFD offering

The ActivTrades Exchange offers beginners and advanced traders a range of training materials to help you build up and expand your knowledge. ActivTrades also offers live seminars and even individual coaching sessions. Like many other online brokers, ActivTrades invests in the education of its users.

Manuals, training videos and a glossary are just as much part of the platform’s educational offering as a detailed FAQ. The offer is available in German. There is also a free demo account. In our ActivTrades review, we use the broker’s demo account. Demo accounts allow you to test different strategies without taking any financial risk.

What is ActivTrades?

ActivTrades was founded in Switzerland in 2001 and specialises in forex trading as well as contracts for difference (CFDs), which enable trading with leverage. On the forex side, not only the majors but also the currencies of smaller countries as well as “exotic” currency pairs can be traded. The broker also offers many commodities.

ActivTrades Review – the offer

What financial products does the ActivTrades broker offer? In the ActivTrades test, the broker stands out positively with a particularly wide range of available products. Cryptocurrencies can also be traded with CFDs at ActivTrades. If you want to buy cryptocurrencies, follow our link.

ActivTrades CFDsShares CFDsIndicesCommoditiesCryptosForex

CFD trading

One of the features of the ActivTrades Exchange is its wide range of tradable contracts for difference, known as CFDs. With ActivTrades CFDs you can apply leverage to your trades and thus increase your profits, but at the same time you take on an increased risk. With ActivTrades CFDs you do not buy products, but acquire an abstract right to them.

Many traders lose in CFD trading. However, very high returns can be achieved under certain conditions. ActivTrades CFDs can be used on cryptocurrencies as well as indices, shares, commodities and foreign exchange. When trading ActivTrades CFDs you are taking a big risk. The majority of private investors lose money when trading ActivTrades CFDs.

Before you start trading CFDs, you should study the subject in detail. As a general rule for all financial speculation, you should only bet what you can afford to lose. ActivTrades’ educational offer can be a good starting point to learn more about CFDs.

Equity CFDs

With ActivTrades you can trade CFDs on share certificates like shares. However, when trading shares with CFDs, you do not acquire any shares in the company and therefore no entitlement to dividends. ActivTrades offers you more than 400 share values from various trading centres for trading.

Index CFDs

With your ActivTrades registration you get the opportunity to speculate on the development of large industrial indices with the help of CFDs. The index range on ActivTrades includes popular indices such as the DAX30, the CAC40 and the Dow Jones.

Raw materials

Copper, various energy sources, grains, or foodstuffs such as sugar and coffee: on ActivTrades you can speculate on these commodities with CFDs. For a full list of ActivTrades CFDs on commodities, follow this link.

Cryptocurrencies

With ActivTrades you can speculate on different cryptos with CFDs. However, the offer here is less extensive. ActivTrades offers Bitcoin, Ripple, Ethereum and Litecoin – but unfortunately no others.

Forex

ActivTrades Forex trading offers around 50 currency pairs. The majors such as EUR/GBP, CAD/CHF or USD/JPY can be traded, as well as currency pairs with the currencies of smaller industrial nations. Exotic currency pairs are also on offer. Commission fees do not apply. You can find a complete list of all pairs offered for trading here below our box.

If you want to learn more about Forex trading, you can find more information at this link: Learn Forex Trading.

ActivTrades Trading Hours

ProductsTrading hours
SharesMon-Sun 09:00 – 17:30 (excl. US Stock Exchange 15:30 – 22:00)
ForexMon-Fri around the clock (Sat & Sun closed)
CFDsDepending on the stock exchange Mon-Sun between 08:00 – 22:00
CryptoAround the clock

It should be noted that the trading hours for commodities vary. Most commodities have a trading time of 00:00 – 23:00, but there are also exceptions or trading times when there is a break. Further information can be found here.

ActivTrades currency pairs and precious metals

Main currency pairs

  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY

Smaller currency pairs

  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • AUD/USD
  • EUR/AUD
  • EUR/NZD
  • EUR/SGD
  • GBP/AUD
  • GBP/NZD
  • GBP/CHF
  • NZD/CAD
  • NZD/CHF
  • NZD/JPY
  • NZD/USD
  • SGD/JPY
  • USD/SGD

Exotic currency pairs

  • EUR/HUF
  • EUR/NOK
  • EUR/PLN
  • EUR/SEK
  • EUR/TRY
  • TRY/JPY
  • USD/BRL
  • USD/CNH
  • USD/HUF
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/RUB
  • USD/SEK
  • USD/TRY
  • USD/ZAR

Precious metals

  • GOLD
  • SILVER

To the test winner eToro

75% of private investor accounts lose money trading CFDs with this provider

ActivTrades Leverage

With regard to Forex margin and leverage, a distinction is made between private clients and professional clients in accordance with ESMA regulations. Professional clients can trade up to leverage of 1:400. For private investors, the following conditions apply for spreads and margin:

ProductsLeverMargin
Major Forex PairsMax. Leverage 1:303.33%
Remaining pairsMax. Lever 1:205%
GoldMax. Lever 1:205%
SilverMax. Lever 1:1010%

ActivTrades Experience: Fees & Conditions

Most of ActivTrades’ Forex and CFD trading options run commission-free; any fees are already included in the spread of the contract. One exception is the equity CFDs: here ActivTrades has to charge fees in order to be able to serve the various trading venues. The account management itself is – as with most other online brokers – completely free of charge.

The spreads on currencies offered by ActivTrades are more favourable than those of many competing platforms. You can trade the EUR/USD currency pair on the platform from a spread of 0.5 pips. Index trading starts at a spread of 1 point. The trading of equity CFDs is subject to a commission of 0.05 to a maximum of 0.10 percent of the transaction value. The minimum fee is 1 euro.

For short overnight positions, interest is charged at a rate one percentage point below the current 3-month interbank rate. If the deduction of one percentage point from the interbank rate results in zero or below zero, no interest is due on short positions.

For holding long positions overnight, interest is deducted that is one percentage point above the 3-month interbank rate.

Fee typeCosts
Short positionsAre discounted (1 percentage point lower than the current 3-month interbank rate)
Inactivity fee10 euros per customer per day after one year

ActivTrades does not charge any fees for inactivity on the trading account for up to one year. If you are inactive for more than a year, you will be charged a fee of €10 per client per month. This amount is debited directly from your trading account. If you have several trading accounts and are active with at least one of them, no fees are charged.

ActivTrades experience: Payment methods

In order to be able to start trading after your ActivTrades registration and your first login, you must of course transfer money. There are various payment methods available to you for this purpose.

Unfortunately, Paypal is not one of them – if you want to start trading with Paypal, we recommend our Exchanges comparison. For your transfer, you must therefore choose one of the other deposit methods supported on ActivTrades.

Even though we have to refer to our ActivTrades alternative eToro for Paypal payments: The online broker accepts a variety of transfer methods and thus offers its customers a level of convenience that leaves the ActivTrades experience by and large unclouded.

All major credit and debit cards, bank transfers, and the payment service providers Neteller and Skrill are available. Fees are only charged for credit card use outside the UK, at 1.5 per cent.

ActivTrades promises short waiting times for all payment options; bank transfers usually take one working day, other options are made within an average of 30 minutes.

Payment methodAccepted/Not accepted
Credit cards
Paypal
Instant bank transfer
Skrill
Neteller
Paysafecard
Bank transfer
Other

ActivTrades Minimum Deposit

The broker currently has a minimum deposit of €100. However, this only applies to the Basic trading account. In general, the broker offers several account models for its customers. Depending on the account model, the minimum deposit is correspondingly higher.

In general, however, ActivTrades clients can trade for as little as €100. Compared to other brokers, ActivTrades is definitely in the upper average range.

ActivTrades Cashout Experience

As is customary with most brokers, a withdrawal is always made to the desired deposit account. In other words, funds are paid out in the same way as they were deposited into the trading account. This applies to all deposit methods except instant bank transfer.

ActivTrades offers several forms of withdrawals. A particularly positive feature is that free withdrawals are made via debit card, credit card, Neteller and Skrill. If a deposit was made via the bank account in Swiss francs, the withdrawal is also free of charge.

However, if the withdrawal from the trading account is to be made by non-SEPA bank transfer or by express transfer, a fee of €15 will be charged. For bank transfers in USD, ActivTrades charges a fee of $12.50.

All withdrawals will be made on the same day if made before 12:30 UK time (11:30 German time). Transactions made after this time will be paid out on the following working day. The duration of the payout again depends on the deposit method: While bank transfers usually take 2-3 business days, payouts via other payment methods are often faster.

Registration and trading with ActivTrades

From registration to investment: we introduce you step by step to trading with ActivTrades.

Step 1: Log in

In order to trade with ActivTrades, you must first register on the site. When you register, you will be asked to provide the usual information. Enter your first and last name, an email address and choose your password. You also have to enter a telephone number.

The registration process is somewhat unwieldy due to the strict requirements of the European legislator: In addition to your date of birth and address, you must also provide a tax ID and enter a bank account. Finally, the platform also asks you about your level of experience as a trader and gives you information about the risks associated with trading.

Step 2: Verification

European law stipulates that the broker must be able to establish the identity of its clients beyond doubt. For example, ActivTrades must guarantee that minors are not able to participate in the financial market via the broker. This is why verification is required on ActivTrades.

You then have to upload documents to your registration that confirm your identity. This is followed by a call from an ActivTrades representative.

Step 3: Deposit credit

After you have activated your trading account at ActivTrades, you can now transfer your investment capital to your profile. The minimum amount for starting here is 100 euros. Choose one of the many payment methods and make your transfer.

How long it takes for your transfer to arrive depends on your choice of payment method. Skrill, Neteller and credit card transfers are particularly quick. The classic bank transfer, on the other hand, takes a little longer.

Step 4: Trade with ActivTrades

Once the money has been credited to your account, you can start trading. You can use either the MetaTrader 4 or 5 trading software or the ActivTrades trading software. You can also expand your trading platform with tools that you want to use for trading.

Select what you want to trade and click either “buy” or “sell” to open a position. Your first trade is already executed. In the demo account you can try it out for the first time without real money. The demo account is fully available to you for a limited period of time, even without prior ActivTrades registration.

If you want to trade CFDs, please familiarise yourself with the associated risks and the special functions of CFD trading. Trading with contracts for difference can result in the complete loss of your investment. Our instructions are expressly not a recommendation for trading CFDs. They only serve as a guide for you.

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

ActivTrades Demo Account

ActivTrades also offers its clients a demo account with which they can first get to know the platform. This can be tested without obligation and risk-free. According to our ActivTrades experience, the demo account is a special account that is intended for testing purposes and represents an image of the trading platform. The big difference is that as a trader you have no connection to real trading.

With the help of the demo account, you can simulate purchases and sales and get to know the platform to its full extent. However, actual trading does not take place. ActivTrades provides a fictitious credit balance for virtual trading.

According to our ActivTrades experience, the demo account is available to clients for an unlimited period. This means that customers don’t have to feel pressured and can test the trading platform at their leisure and also think about long-term strategies. The virtual balance is €10,000, but can be expanded at will.

Registering for the demo account is quick and easy. Simply fill out the form, specify the desired trading platform (ActivTrades, MetaTrader4, MetaTrader5), enter your first and last name, telephone number and email address. After successful verification, you can start with the demo account.

The ActivTrades App

Mobile trading has many advantages. With a good trading app you are ready to trade wherever you are and always informed about all processes. ActivTrades also offers its own trading apps for on the move: An ActivTrade app for iPhone and iPad, as well as an app for Android devices such as smartphones and tablets.

In the respective stores or on the homepage of the broker, you will find the app suitable for your devices as a free download. An ActivTrades login is of course mandatory for use. Performance and compatibility problems may occur on older smartphones and tablets. Devices of newer generations allow you to use the app without any problems.

Apps often offer additional functionalities that are not available on the desktop. For example, you can activate acoustic alerts in the ActivTrades app if you wish, so that you are aware of relevant price developments even if you are not constantly holding your device in your hand. The news ticker provides you with valuable information on market events.

ActivTrades Smart Calculator

ActivTrades provides the so-called Smart Calculator for clients and interested parties on its website. The application helps to quickly assess the risk and profit of a potential trade and thus also to refine one’s own risk management.

With the ActivTrades Smart Calculator you can run through and test various trade scenarios. You can change leverage or other info parameters to see potential profits or losses, margin requirements, swaps and much more. You can also check the respective pip value and the risk-reward ratio.

Activtrades PLC Bahamas: Where is Activtrades based? Does Activtrades have a licence in UK? Is Activtrades safe (deposit protection)?

Of course, security plays a particularly important role in choosing the right online broker. Anyone who transfers their capital to a platform wants to know that it is in good hands. So let’s ask the crucial question: How does ActivTrades PLC protect you from fraud?

  • First the most important: Both the Financial Conduct Authority of Great Britain (FCA) and the German financial supervisory authority BaFin regularly check the broker. This creates a reliable security standard for users that meets the high European standards. With the broker ActivTrades Bahamas, you are therefore very well protected against fraud attempts.
  • ActivTrades keeps client funds in segregated accounts separate from company funds.
  • In addition, ActivTrades participates in the Financial Services Compensation Scheme (FSCS). Through the compensation scheme, investors’ deposits are protected against the event of insolvency; the maximum compensation amount per person and company is set at 85,000 British pounds. ActivTrades UK clients also benefit from FSCS supplementary insurance, which individually protects deposits up to 1,000,000 British pounds.
  • A fully automated routing system keeps latency, spreads and slippage as low as possible. As the bidding is fully automated, orders are not affected by human intervention.

ActivTrades Deposit Guarantee

A margin close-out rule applies to each trading account as a security measure. This prevents potential losses from exceeding the capital invested.ActivTrades’ protection against negative account balances is available to every client.

ActivTrades has segregated accounts. This means that client funds and company funds are separate. ActivTrades has purchased separate insurance cover that covers losses in the event of insolvency that exceed USD 10,000. The protection is valid up to USD 1,000,000.

In addition, ActivTrades has also purchased an overall insurance cover which protects the affected capital (client funds of more than USD 10,000 up to a maximum of USD 1,000,000) per client in the event of default.

ActivTrades margin call

A margin must be deposited for CFD trading. Due to the leverage effects, losses can exceed the stake. In most cases, the positions are then closed by the CFD broker if the trader does not comply with the broker’s demands to inject additional capital.

In UK, it is de facto no longer legal to offer margin calls. BaFin issued a general ruling on 08.05.2017 banning CFDs with margin calls. The ban has been in force since 10 August 2017.

As a result, there is no margin call at ActivTrades. So if losses mean that the security deposits in the account are no longer sufficient for open positions, the client does not have to provide any additional funds.

A so-called margin close-out rule applies to each trading account as a safety measure. This prevents potential losses from exceeding the capital invested.

In the case of multiple accounts with ActivTrades, the following process applies: in the case of one account with a negative balance and another account with a positive balance, the existing deficit is offset in each case against the existing capital in the second account. This also applies to joint accounts where each account holder is equally responsible for making up any deficit on the joint account.

ActivTrades Market Maker

ActivTrades PLC is both an STP broker and a market maker, depending on the product traded. This is a big plus point for very many clients. STP (Straight Through Processing) brokers forward the orders placed by the client directly to their liquidity providers without the intervention of a dealing desk.

The result is often faster execution of orders and, in principle, more transparency in trading. In addition, there is no conflict of interest between client and broker, as can be the case with pure market makers.

This results in fairer trading conditions for customers.

ActivTrades Experience: Customer Service, Contact & Support

When choosing the right broker for you, reliable customer service is no less important than high security standards. It can be crucial that you can react quickly in the event of a problem and that your provider helps you find the best solution.

ActivTrades offers its award-winning customer support in 14 different languages. All customer advisors even have to pass the so-called Customer Function exam, which is usually only required for management positions. You can communicate with the certified advisors by phone as well as via a contact form or a live chat function around the clock.

According to its own information, ActivTrades has one of the fastest response times in the industry, averaging 27 minutes. In an internal customer survey, 9 out of 10 customers gave ActivTrades the rating “good” or “very good”.

Contact routeAvailable/Not available
Phone+49 (0) 69 87003 103
E-mail
Live chat
Contact form
FAQs

 eToro compared to ActivTrades

Register now

CFDs are complex instruments and come with the high risk of losing money quickly because of the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs.

Recommended broker

Register now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider.

Select broker

Evaluation

3.85.0

Mobile App Rating

7/109/10

Account

Min. Trade

25€

Lever

1:501:30

Margin trading

Number of shares

450+2.000+

Number of ETFs

46150

Fees

Costs per trade

€0€0

Cost per month

€0€0

ETFs

0,5% – 3%0€

Fund

0,5% – 3%from 0.09

CFDs

0,5% – 3%from 0.09

Savings plans

Crypto

0,5% – 3%from 0.45

Bonds

0,5% – 3%from 0.09

Trading fees

SpreadsSpreads

Withdrawal fees

0€5€

Inactivity fees

10€10€

Deposit fees

0€0€

CFD position overnight

var.

Payment options

Credit card

Giropay

Neteller

Sepa bank transfer

Skrill

Instant bank transfer

Paypal

Conclusion – the ActivTrades rating

Our ActivTrades experiences have convinced us: The traditional broker for Forex and CFDs convinces with a good protection of its customers against fraud and loss, a great service, a rich product range and much more. The ActivTrades demo account is freely available to us without prior login.

And with just a few clicks of the mouse, we freely upgrade our trading platform with the trading tools that suit us best.

We were disturbed by the somewhat too small offer of CFDs on cryptos on ActivTrades. ActivTrades does offer Bitcoin, Litecoin, Ethereum and Ripple – but unfortunately no other cryptocurrencies. Here we prefer to fall back on our test winner as an ActivTrades alternative.

Nevertheless, ActivTrades is an excellent choice for trading Forex and CFDs. In our evaluation, the broker thus scores above average.

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

ActivTrades Experience: FAQs

What is ActivTrades?

The provider is a Forex broker. Here, currency pairs can be traded on the foreign exchange market. Trading with shares or CFDs is also possible.

Is it worth opening an account with ActivTrades?

ActivTrades passed our test. All desired currency pairs are available and customers seem to be satisfied with the platform.

How much money should I invest?

The amount of one’s own investment should depend on one’s own liquidity as well as one’s own risk appetite. In general, you should never invest money that you actually need elsewhere, as profits can never be guaranteed. Forex trading is also always subject to the risk of losing the money invested.

How long does it take to cash out at ActivTrades?

Here, too, the platform is convincing. Withdrawals are processed very quickly and are in your account within a few minutes to 2 working days, depending on the selected withdrawal method.

What are the requirements for me to trade successfully with ActivTrades?

You should always know what you are investing in. Beginners in particular should therefore first read up on Forex trading thoroughly. Here at Kryptoszene.de, all the information is provided. If you have the necessary know-how, as well as a good feeling for the markets, nothing will stand in the way of early profits.

All trading is risky. No guarantee of profit .Any content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

David Standt

David is fascinated by the dark side of cryptocurrencies: For the news section of Kryptoszene.de, he mainly writes about stock market hacks, Bitcoin scams and the regulation of the new financial market. Many reviews, guides and advice texts on cryptocurrencies came from his pen. The critical enthusiast first bought cryptocurrencies in spring 2017 and invested in ICOs. He experienced the great hype and the subsequent bear market first-hand. He lives and writes in Berlin.

Experiences (0)

MONTHLY COMPETITION

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Overview

Choosing the right provider among all the Forex and CFD brokers you can find on the web is not exactly easy. We have reviewed several providers as part of a large Admiral Markets test and show in this Admiral Markets Review how the provider performs against our test winner eToro.

Admiral Markets promises to trade over 3000 shares and ETFs completely without commission. But what is the truth behind this full-bodied promise? Is trading with the broker really that easy and can popular cryptocurrencies such as Bitcoin also be traded?

Is it really a serious offer or is it Admiral Markets fraud? How high are the Admiral Markets fees, is there a German-speaking Admiral Markets support and what other Admiral Markets experiences can be made?

All important questions are answered here in our Admiral Markets test.

Test result

  • Offer
  • Fees
  • Support

Conclusion

Established broker with extensive offering

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Admiral Markets advantages and disadvantages

  • Over 3,000 trading instruments
  • Trading possible from as little as 200 euros
  • Different account models to choose from
  • German Admiral Markets Support
  • Large further education programme
  • Admiral Markets App available
  • Admiral Markets Support is only available Mon-Fri from 9am to 6pm
  • Deposits and withdrawals via PayPal not possible

Admiral Markets Review – The Offer

Admiral Markets has offices in 35 countries and has also been based in Berlin since 2011. Investment firms operating under the Admiral Markets trading brand are among the world’s most experienced and leading forex and CFD brokers. The Admiral Markets broker’s offering includes trading with forex and CFDs on:

  • Shares,
  • Indices,
  • Bonds,
  • Metals,
  • Energies
  • Cryptocurrencies.

The team behind the broker says it is committed to quality assurance and access to highly functional software. Customers should be provided with the best and most transparent trading experience and great Admiral Markets experiences.

Live trading can be started from an account deposit of 200 euros. The Admiral Markets broker offers extensive training courses, MetaTrader 4 and MetaTrader 5, as well as numerous training videos and on-site seminars.

Clients can also use a demo account free of charge for 30 days to familiarise themselves with the trading instruments and develop strategies without any risks.

CFD or direct tradingSharesCryptocurrenciesForexCommoditiesIndices

CFD or direct trading

CFDs are traded at Admiral Markets. CFDs offer traders the opportunity to invest in currency pairs, cryptocurrencies and co. without actually owning the underlying asset, as is the case with direct trading. One also enjoys the advantage of being able to profit from price movements both when prices rise (long positions) and when they fall (short positions), which speaks for positive Admiral Markets experience.

Shares

Among other things, Admiral Markets enables CFD trading on the world’s best-known blue chips. The top stock CFDs include Apple, Google, Facebook, BNP and BMW.

Cryptocurrencies

With Admiral Markets you can also trade crypto CFDs on Bitcoin, Ethereum, Litecoin, Ripple, Dash, EOS, Bitcoin Cash, Stellar, Monero and Zcash. If you are looking for a provider that offers an even larger selection of crypto CFDs, you will find it at Admiral Markets alternative eToro.

Forex

Admiral Markets offers its customers access to more than 40 CFDs on currency pairs, 24 hours a day, five days a week with low spreads. The forex market is subject to constant change, as volatility is one of its characteristic features. The broker offers an overview on its website with the current real-time prices for Admiral Markets CFDs on the broker’s top currency pairs. Customers can check the price movements in real time, which is a positive factor in our Admiral Markets rating.

Raw materials

The broker also allows trading on commodities such as metals, energies and agriculture. The metals category includes gold, copper, palladium, platinum and silver.

Indices

Index trading is also enabled, with choices ranging from Netherlands 25, ASX 200, CAC40, Canada 60, DAX30, Dow Jones, FTSW 100, Hong Kong China H-shares, to IBEX 35, Nikkei 225, NASDAQ 100 and several other indices.

Admiral Markets Leverage

Admiral Markets offers different leverage levels depending on the status of the client. Retail clients have a maximum leverage of 1:30 for currency pairs and a maximum leverage of 1:20 for indices. For Professional Clients, Admiral Markets offers a maximum leverage of 1:500 for currency pairs, indices, energies and precious metals.

Both the conditions for retail and professional clients have their own advantages and disadvantages, which is why it is advisable to weigh them up before starting to trade.

Register and buy with Admiral Markets

Admiral Markets offers its customers flexible account models. Customers enjoy the option of maintaining several accounts in different currencies so that the capital remains protected from currency fluctuations – and at no additional cost. Transfers between accounts are made from the Trader Room, which is simple and convenient.

Experienced traders looking for a special trading experience can use Admiral Markets Pro and gain access to exclusive benefits such as higher leverage, loyalty programmes and early access to new products – all at no extra cost.

To trade Forex and Admiral Markets CFDs on indices, ETFs, precious metals, shares, bonds and cryptocurrencies, you need a live account. How to create a live account and how the Admiral Markets registration process works is explained step by step below.

Step 1: Registration

In order to use your personal account management system, which allows you to create both demo and live accounts and to deposit and withdraw funds, you must create a client account in the Trader Room.

To do this, click on “Register” at the top right and enter your name and a valid e-mail address for the Admiral Markets registration in the window that opens.

You will then receive a confirmation link by e-mail.

As soon as you have confirmed the confirmation link in the verification email, your account with Admiral Markets is created.

Step 2: Verification

This is followed by the verification of the trading account. The broker carries out an extensive query regarding previous trading experience and risk awareness. This also includes information such as employment status, annual income and planned trading stakes.

After successful verification, you will receive your access data for the Admiral Markets login by e-mail and can complete the Admiral Markets registration.

Step 3: Deposit

The next step is to download MetaTrader 4 or 5 and log in to Admiral Markets. Now you can deposit funds into your account to start live trading.

The most popular Admiral Markets account requires a minimum deposit of 200 euros and allows CFD and Forex trading at a spread starting at 0.8 pips. The maximum leverage is highest here at 500:1.

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Admiral Markets Demo Account

Admiral Markets also offers its customers a demo account with which they can first get to know the platform. This can be tested without obligation and risk-free. According to our Admiral Markets experience, the demo account is a special account that is intended for testing purposes and represents an image of the trading platform. The big difference is that as a trader you have no connection to real trading.

With the help of the demo account, you can simulate purchases and sales and get to know the platform to its full extent. However, actual trading does not take place, of course. Admiral Markets provides a fictitious credit balance for virtual trading. This allows you to practice trading CFDs on forex, indices, commodities, shares & ETFs without risk.

According to our Admiral Markets experience, the demo account is available to customers for an unlimited period. However, if you are not an active customer in live trading at Admiral Markets, you can only use the demo account for a limited period of 30 days. The virtual credit balance is up to €500,000.

Registering for the demo account is quick and easy. Simply fill out the form, enter your first and last name, telephone number and email address. After successful verification, you can start using the demo account.

Admiral Markets Fees (Spreads) & Conditions (Costs)

It is important for traders to know the spreads and trading conditions of the Admiral Markets broker and to take them into account accordingly when trading. How high the trading costs turn out can be influenced by the financing costs or account management fees. Active traders in particular are usually confronted with reduced returns, as they often pay up to 4-digit amounts in or-der fees.

For this reason, our editorial team took a close look at the Admiral Markets fees in the Admiral Markets test. The provider attaches great importance to transparency here and presents the Admiral Markets fees clearly. Opening a live or demo account is absolutely free of charge, which is included in our Admiral Markets rating.

However, if the trader is inactive for a longer period of time, inactivity fees will be charged. These amount to 10 euros per month.

Fee typeCosts
Order feeHigh order fees
Pipsbetween 1.3 and 4.6
Inactivity costs10€

The Admiral Markets broker enables forex trading with low spreads and high leverage. The spreads start at 0.2 or 0.8 points, depending on the account model selected. Our Admiral Markets test shows that the spreads and Admiral Markets fees are relatively favourable in terms of forex trading.

The average variable spread for the most popular currency pair EUR/USD is 1.2 pips. Those who opt for a Prime account receive a spread of only 0.6 pips. However, additional Admiral Markets fees in the form of commissions are then incurred here.

Admiral Markets fees that apply for commissions can be found in the contract details on the website.

Overview of some forex currency pairs on Admiral Markets:

Currency pairsPips
EUR/USD1,2
AUD/CHF4,6
AUD/CAD2,8
AUD/NZD3,1
GBP/USD1,7
NAZ/USD1,5
USD/CAD1,3
USD/JPY2,9
USD/CHF2,9
AUD/USD1,7
EUR/CHF3,8
EUR/JPY1,8

Compared to our broker test winner eToro, the fees at Admiral Markets are relatively high. This can best be determined by looking at eToro’s fees. In general, there are no fees when buying shares & ETFs. Only leveraged CFD products incur ETF and stock fees of 0.09%. This is nevertheless surprisingly low and can be explained by the broad diversification and high stability.

In comparison: eToro fees

CFDs onFees
Sharesfrom 0.09
ETFsfrom 0.09%
Foreign exchangefrom 1 pip
Raw materialsfrom 2 pip
Short orders in cryptocurrencies0,75%
Withdrawal fees$5

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Admiral Markets payment methods

The Admiral Markets platform offers customers various deposit and withdrawal options. Deposits are possible via bank transfer, Klarna Sofortüberweisung, credit card payment (Visa and Mastercard), Neteller, Skrill, transfer via Przeleway (Polish transfer service) and iBank&BankLink.

All the payment methods mentioned are associated with no Admiral Markets fees, only Neteller and Skrill transactions are subject to a 0.9 percent fee (min. 1 euro). Transfers via Przeleway can take up to 1 business day, the classic bank transfer can take up to 3 business days and transactions with all other payment providers only take a few minutes.

Depending on the payment method chosen, the minimum amount for deposits is between 10 and 50 euros. The option to pay with the online wallet PayPal is unfortunately not offered. PayPal enables fast and secure payments and offers excellent buyer protection.

Those who do not want to do without this service should pay a visit to our test winner and Admiral Markets alternative eToro, the CFD broker is the world’s leading social trading and investment platform and offers customers all the conveniences, including the PayPal payment option.

Payment methodAccepted/Not accepted
Credit cards
Paypal
Instant bank transfer
Skrill
Neteller
Paysafecard
Bank transfer
Other

Recommended broker

Alternatively, our recommendation: trade with our test winner eToro

  • Forex & CFD Trading with numerous currency pairs
  • Social Trading + Copy Portfolio Function
  • Fully regulated and licensed
  • Trading Strategies in the Academy
  • Reliable payouts

Trade now with eToro

Your capital is at risk! 75% of private investors’ accounts lose money trading CFDs with this provider! Your capital is at risk! 75 % of private investor accounts lose money trading CFDs with this provider!

Trade now with eToro

Your capital is at risk! 75% of private investor accounts lose money trading CFDs with this provider!

Admiral Markets Minimum Deposit

The Admiral Markets minimum deposit is based on the account model chosen. You can currently choose between 3 different account models (MetaTrader5) and 2 different account models (MetaTrader4).

For the MetaTrader5 account models, the minimum deposit is as follows:

Trade.MT5Invest.MT5Zero.MT5
100 EUR1 EUR100 EUR

For the MetaTrader4 account models, the minimum deposit is as follows:

Trade.MT4Zero.MT4
100 EUR100 EUR

The trading accounts differ not only in how many trading instruments are available, how high spreads and leverage are, but also how high the minimum deposit is. Depending on the account type selected, the Admiral Markets minimum deposit is between €1 – €100.

Admiral Markets Payout Experience

As is customary in the industry, withdrawals are made using the same method as was deposited into the Admiral Markets customer account. Deposits and withdrawals are only accepted from cards or accounts of the trading account holder.

Withdrawals are made via the client portal in the Trader Room. If a trader has deposited money into the client account via bank transfer, the withdrawal will also be made to the bank account.

Our Admiral Markets experience has shown that there are only 2 free withdrawals per month for each withdrawal option. However, this is usually sufficient. There is an additional cost of €1 for bank transfers. These costs vary depending on where the customer’s bank account is located.

The duration of the payout is immediate, except for the bank transfer. In the case of a bank transfer, one must expect the money to arrive in the bank account only in 2 to 3 working days. For foreign bank accounts, this duration can extend up to 3 weeks.

Admiral Markets Bonus

Like other market makers, Admiral Markets always offers a bonus or premium. This is mainly due to the fact that trading with Forex and CFDs has become more and more popular in recent years and they want to attract new customers with corresponding bonuses. This makes it all the more important for brokers to invest time and money in marketing and customer acquisition.

Admiral Markets also entices with bonuses and rewards – and not only for new customers. Through referrals, active customers of the broker receive a bonus of €100 as soon as the corresponding conditions are met.

For new customers, there are currently (as of December 2020) €0 order fees on the most popular trading instruments. In other words, there is no order commission in the main account models. Even if some Forex brokers only offer this on special occasions, such as Black Friday, this offer is available all year round at Admiral Markets.

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