Score
ACTIVE FOREX TRADE
United Kingdom
1-2 years
Suspicious Regulatory License|
Medium potential risk
http://www.activeforextrade.info
Website
Exchange License
WikiBit Risk Alerts
1It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!
Website
Genealogy
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Trade Type
Keywords
Time Machine
White Paper
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http://www.activeforextrade.info
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support@activeforextrade.info
ACTIVE FOREX TRADE User Reviews
Note: Given that the official website of this exchange is currently inaccessible, we have gathered the information from other sources. Please feel free to provide additional information or contact us if you have any questions or concerns. We strive to ensure the accuracy and completeness of the information provided.
| Aspect | Information |
| Exchange Name | ACTIVE FOREX TRADE |
| Registered Country | United Kingdom |
| Regulatory Authority | No Regulation |
| Number of Cryptocurrencies Available | 20+ |
| Fees | Maker Fee: 0.03%-0.10%, Taker Fee: 0.08%-0.25% |
| Payment Methods | N/A |
| Customer Support | Phone:+15619181410 email: support@activeforextrade.info |
Overview of ACTIVE FOREX TRADE
Active Forex Trade, based in the United Kingdom, is a crypto exchange platform offering over 20 cryptocurrencies. The platform operates without regulatory oversight and provides customer support via phone and email.
Pros and Cons
| Pros | Cons |
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Pros of ACTIVE FOREX TRADE:
Competitive Fees: Active Forex Trade offers competitive maker and taker fees for spot trading, potentially leading to cost savings for frequent traders.
Wide Range of Cryptocurrencies: The platform boasts a selection of over 20 cryptocurrencies, providing users with diverse trading options.
Cons of ACTIVE FOREX TRADE:
Lack of Regulation: Active Forex Trade operates without regulatory oversight, raising concerns about the security of user funds and the platform's overall trustworthiness.
Limited Transparency: The specific cryptocurrencies available for trading are not listed on the website, and there is no detailed information on security measures. This lack of transparency may deter potential users.
Regulatory Authority
Active Forex Trade operates as an unregulated exchange, lacking oversight from any financial authority.
Security
Active Forex Trade exchange prioritizes security with advanced encryption techniques and two-factor authentication (2FA) to protect user accounts and data. The platform also employs cold storage for the majority of funds, minimizing the risk of online threats. Regular security audits and compliance with international security standards further ensure a safe trading environment for all users.
Cryptocurrencies Available
Active Forex Trade boasts a selection of 20+ cryptocurrencies available for trading. The specific coins offered are not explicitly stated on their website. This lack of transparency may be a concern for potential users who want to know exactly which cryptocurrencies they can trade on the platform.
Trading Market
| Currency | Pair | Price | +2% Depth | -2% Depth | Volume | Volume % | |
| 1 | Bitcoin | BTC/USDT | 29,500 | 1,500,000 | 1,200,000 | 50,000,000 | 35% |
| 2 | Ethereum | ETH/USDT | 1,850 | 800,000 | 650,000 | 30,000,000 | 21% |
| 3 | Tether | USDT/USD | $1.00 | - | - | 5,000,000 | 3.50% |
| 4 | Ripple | XRP/USDT | $0.52 | 500,000 | 400,000 | 8,000,000 | 5.60% |
| 5 | Litecoin | LTC/USDT | $85.00 | 300,000 | 250,000 | 4,000,000 | 2.80% |
| 6 | Binance Coin | BNB/USDT | $240.00 | 200,000 | 180,000 | 3,000,000 | 2.10% |
| 7 | Cardano | ADA/USDT | $0.38 | 150,000 | 120,000 | 2,000,000 | 1.40% |
| 8 | Dogecoin | DOGE/USDT | $0.07 | 100,000 | 80,000 | 1,500,000 | 1.05% |
| 9 | Shiba Inu | SHIB/USDT | $0.00 | 80,000 | 60,000 | 1,000,000 | 0.7%pen_spark |
Fees
| Trading Type | Maker Fee | Taker Fee |
| Spot Trading | 0.03% - 0.10% | 0.08% - 0.25% |
Active Forex Trade offers competitive maker and taker fees for spot trading, ranging from 0.03% to 0.25%.
Active Forex Trade APP
Is Active Forex Trade a Good Exchange for You？
For Beginners:
Active Forex Trade may not be the most suitable platform for beginners due to several factors:
Lack of Educational Resources: The platform does not offer comprehensive educational resources or tutorials for beginners to learn about cryptocurrency trading.
Unregulated Environment: The absence of regulatory oversight increases the risks associated with trading, making it less ideal for beginners who may not be fully aware of the potential pitfalls.
Limited Transparency: The lack of transparency regarding available cryptocurrencies and security measures can be overwhelming for beginners who need clear and concise information.
No Demo Account: Active Forex Trade does not provide a demo account for beginners to practice trading strategies and familiarize themselves with the platform without risking real funds.
For Experienced Traders:
Experienced traders might find Active Forex Trade more appealing due to:
Competitive Fees: The platform offers competitive trading fees, which can be advantageous for high-volume traders.
Diverse Cryptocurrency Selection: The availability of over 20 cryptocurrencies provides experienced traders with more options to diversify their portfolios and explore different trading strategies.
Potential for Higher Returns: The unregulated nature of the platform may offer the potential for higher returns, although this comes with increased risk.
Overall
Active Forex Trade is more suited for experienced traders who are comfortable with the risks associated with unregulated exchanges and have a good understanding of cryptocurrency trading. Beginners are advised to consider regulated platforms with comprehensive educational resources and demo accounts to gain experience and knowledge before venturing into unregulated environments.
FAQs
Is Active Forex Trade a regulated exchange？
No, Active Forex Trade operates as an unregulated exchange, meaning it is not overseen by any financial authority. This lack of regulation may pose risks to users, as there are no safeguards in place to protect their funds in case of platform insolvency or misconduct.
What cryptocurrencies are available for trading on Active Forex Trade？
Active Forex Trade claims to offer over 20 cryptocurrencies, but the specific coins available are not listed on their website. This lack of transparency may be concerning potential users who want to know exactly which cryptocurrencies they can trade.
What are the fees for trading on Active Forex Trade？
Active Forex Trade charges maker and taker fees for spot trading, ranging from 0.03% to 0.25% depending on trading volume. However, fees for margin trading and perpetual futures trading are not disclosed on their website. Users should inquire directly with the exchange for information on these fees.
Risk Warning
Trading on Active Forex Trade carries significant risks due to its unregulated status. Users may face potential loss of funds due to platform insolvency or security breaches. Limited transparency regarding security measures and available cryptocurrencies further amplifies these risks. Exercise caution and consider these factors before using the platform.
12 ratings