Active Financial portrays itself as a forex broker dedicated to our success, but the truth is starkly different – it is merely another fraudulent website preying on individuals seeking passive income without adequate knowledge of financial markets. This Active Financial review will present compelling evidence that Active Financial is not a legitimate broker and suggest reliable alternatives.
Website – https://activefinancial.trade/
Address – NA
Warning – Financial Conduct Authority (United Kingdom)
Regulation Status – Clone of FCA Authorised Firm
Is Active Financial legit or a scam?
The regulatory status of a financial services provider is crucial information. Licensed brokers furnish comprehensive details about their operating company, location, authorized jurisdictions, and the regulatory bodies overseeing their activities.
However, the Active Financial website raises concerns due to its complete lack of transparency. This anonymity raises a significant red flag, indicative of potential scam activity. Although the Terms and Conditions state Poland as the applicable jurisdiction, Active Financial is notably absent from the brokers authorized by the Polish Financial Supervision Authority.
FCA Warning against Active Financial
As per the advisory issued by the Financial Conduct Authority (FCA), activefinancial.trade is an illicit platform. It operates as a clone of an FCA-regulated firm but lacks any genuine association with the legitimate entity. Substantial evidence points to the fraudulent nature of activefinancial.trade.
Essentially, this platform operates without regulation from any governing body, making it extremely risky for investors to entrust their funds, as there are no legal safeguards in place. It unequivocally qualifies as a scam.
Active Financial Review: Trading Software
Active Financial online trading software mirrors its questionable reputation, exuding an aura of unreliability. Relying on such platforms exposes you to substantial risks of financial loss and potential harm. Instead, we recommend opting for reputable brokers that support the widely acclaimed MetaTrader platforms. Choosing a broker with MetaTrader support ensures access to robust and highly regarded trading software.
Deposit and Withdrawal Methods
Active Financial enforces distinct deposit requirements across its account options – Silver, Gold, Platinum, and Diamond. The minimum deposit varies, starting at $250 for a Silver account and reaching a substantial $25,000 for the Diamond tier.
Moreover, Active Financial supports conventional payment methods like Credit/Debit cards, Bank/Wire transfers, and cryptocurrencies.
The company purportedly provides an array of trading instruments, covering Commodities, Stocks, Indices, and Forex.
It’s important to note that Active Financial discloses that withdrawals may incur processing and handling fees, deducted from the withdrawn amount during the transfer. Additionally, withdrawal requests typically undergo processing within a timeframe of 4-7 business days.
Active Financial Review: Trading Conditions
On the trading platform, a noticeable spread of 3 pips is observed. This level is twice as high as the industry norm and proves to be highly disadvantageous for traders.
Adding to the concerns, Active Financial provides leverage up to 1:200, a clear indication that it lacks proper licensing. Reputable brokers regulated by authorities avoid offering such high leverage to retail traders due to the inherent risks of sudden and substantial losses. Elevated leverage is typically reserved for professional clients who willingly assume the associated risks.
Further raising doubts about its legitimacy, Active Financial claims to offer bonuses. It’s crucial to note that regulated brokers are prohibited from providing bonuses and promotions. Scammers often employ promises of seemingly generous bonuses to ensnare potential victims with exploitative terms.
Conclusion
If you have been deceived by an Active Financial scam or any other fraudulent activity, you have the option to respond by registering a complaint against the unscrupulous broker. Initiate the process by filling out a complaint form on our Scam Helpers website. Our team of experts is ready to offer a free consultation on the fund recovery procedure.
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Note: The information provided in the above Active Financial review is based on existing Active Financial reviews. It is important to note that we are not responsible for any legal action taken by Active Financial company. For any inquiries or concerns, please contact us via email at admin@scamhelpers.net.