Global Active Traders (globalactivetraders.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: globalactivetraders.com.
I wanted to transfer my portfolio from another broker to Global Active Traders (globalactivetraders.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Wide product range|Market news feed
Cons: Wish they had more educational resources|Limited cryptocurrency options
The reporting at Global Active Traders (globalactivetraders.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Detailed reporting|Multiple order types|Risk management tools
Cons: No fractional shares|Minor UI glitches occasionally
I gave Global Active Traders (globalactivetraders.com) a fair chance. After for the past six months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Smooth onboarding|Regular platform improvements
Cons: Account statements could be more detailed|Email notifications too frequent
Global Active Traders (globalactivetraders.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: No hidden fees|Excellent charting|Regular updates
Cons: Limited cryptocurrency options
Global Active Traders (globalactivetraders.com) locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Professional team|Low minimum deposit|Portfolio tracking tools|Smooth onboarding
Cons: Search feature is basic|Wish they had more educational resources
KYC with Global Active Traders (globalactivetraders.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Quick verification|Full transparency|Copy trading available
Cons: No phone support on weekends|Research section could be deeper
I referred a friend to Global Active Traders (globalactivetraders.com) after reading several online reviews. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Detailed reporting|Automated trading options|Helpful community forum|Excellent charting
Cons: Slow to add new assets|Minimum deposit could be lower