diff --git a/CHANGELOG.md b/CHANGELOG.md
index 45be365fc..7251f99b8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,11 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Upgraded `Nx` from version `21.1.2` to `21.2.4`
 - Upgraded `storybook` from version `8.6.12` to `9.0.17`
 
+### Fixed
+
+- Fixed an issue with the permissions of the impersonation mode related to the onboarding on the overview tab of the home page
+- Fixed an issue with the permissions of the impersonation mode related to the manage activities button of the holdings tab on the home page
+
 ## 2.184.0 - 2025-07-22
 
 ### Added
diff --git a/apps/client/src/app/app.component.ts b/apps/client/src/app/app.component.ts
index 48a96511e..e7d0960e2 100644
--- a/apps/client/src/app/app.component.ts
+++ b/apps/client/src/app/app.component.ts
@@ -324,7 +324,7 @@ export class AppComponent implements OnDestroy, OnInit {
               this.user?.permissions,
               permissions.accessAdminControl
             ),
-            hasPermissionToCreateOrder:
+            hasPermissionToCreateActivity:
               !this.hasImpersonationId &&
               hasPermission(this.user?.permissions, permissions.createOrder) &&
               !this.user?.settings?.isRestrictedView,
diff --git a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
index f136f1574..45d88fc78 100644
--- a/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
+++ b/apps/client/src/app/components/account-detail-dialog/account-detail-dialog.html
@@ -105,7 +105,7 @@
           [locale]="user?.settings?.locale"
           [showActions]="
             !data.hasImpersonationId &&
-            data.hasPermissionToCreateOrder &&
+            data.hasPermissionToCreateActivity &&
             user?.settings?.isExperimentalFeatures &&
             !user?.settings?.isRestrictedView
           "
diff --git a/apps/client/src/app/components/account-detail-dialog/interfaces/interfaces.ts b/apps/client/src/app/components/account-detail-dialog/interfaces/interfaces.ts
index 9ad6a5ba4..01c84e956 100644
--- a/apps/client/src/app/components/account-detail-dialog/interfaces/interfaces.ts
+++ b/apps/client/src/app/components/account-detail-dialog/interfaces/interfaces.ts
@@ -2,5 +2,5 @@ export interface AccountDetailDialogParams {
   accountId: string;
   deviceType: string;
   hasImpersonationId: boolean;
-  hasPermissionToCreateOrder: boolean;
+  hasPermissionToCreateActivity: boolean;
 }
diff --git a/apps/client/src/app/components/holding-detail-dialog/holding-detail-dialog.html b/apps/client/src/app/components/holding-detail-dialog/holding-detail-dialog.html
index 6cd2fa42f..4427cfcbb 100644
--- a/apps/client/src/app/components/holding-detail-dialog/holding-detail-dialog.html
+++ b/apps/client/src/app/components/holding-detail-dialog/holding-detail-dialog.html
@@ -350,7 +350,7 @@
           [locale]="data.locale"
           [showActions]="
             !data.hasImpersonationId &&
-            data.hasPermissionToCreateOrder &&
+            data.hasPermissionToCreateActivity &&
             user?.settings?.isExperimentalFeatures &&
             !user?.settings?.isRestrictedView
           "
diff --git a/apps/client/src/app/components/holding-detail-dialog/interfaces/interfaces.ts b/apps/client/src/app/components/holding-detail-dialog/interfaces/interfaces.ts
index e7d9edefb..aab854384 100644
--- a/apps/client/src/app/components/holding-detail-dialog/interfaces/interfaces.ts
+++ b/apps/client/src/app/components/holding-detail-dialog/interfaces/interfaces.ts
@@ -9,7 +9,7 @@ export interface HoldingDetailDialogParams {
   deviceType: string;
   hasImpersonationId: boolean;
   hasPermissionToAccessAdminControl: boolean;
-  hasPermissionToCreateOrder: boolean;
+  hasPermissionToCreateActivity: boolean;
   hasPermissionToReportDataGlitch: boolean;
   hasPermissionToUpdateOrder: boolean;
   locale: string;
diff --git a/apps/client/src/app/components/home-holdings/home-holdings.component.ts b/apps/client/src/app/components/home-holdings/home-holdings.component.ts
index 4388c0c72..e4a369d41 100644
--- a/apps/client/src/app/components/home-holdings/home-holdings.component.ts
+++ b/apps/client/src/app/components/home-holdings/home-holdings.component.ts
@@ -57,7 +57,7 @@ export class GfHomeHoldingsComponent implements OnDestroy, OnInit {
   public deviceType: string;
   public hasImpersonationId: boolean;
   public hasPermissionToAccessHoldingsChart: boolean;
-  public hasPermissionToCreateOrder: boolean;
+  public hasPermissionToCreateActivity: boolean;
   public holdings: PortfolioPosition[];
   public holdingType: HoldingType = 'ACTIVE';
   public holdingTypeOptions: ToggleOption[] = [
@@ -105,7 +105,7 @@ export class GfHomeHoldingsComponent implements OnDestroy, OnInit {
             permissions.accessHoldingsChart
           );
 
-          this.hasPermissionToCreateOrder = hasPermission(
+          this.hasPermissionToCreateActivity = hasPermission(
             this.user.permissions,
             permissions.createOrder
           );
diff --git a/apps/client/src/app/components/home-holdings/home-holdings.html b/apps/client/src/app/components/home-holdings/home-holdings.html
index 6040ffe2a..8f9276fa5 100644
--- a/apps/client/src/app/components/home-holdings/home-holdings.html
+++ b/apps/client/src/app/components/home-holdings/home-holdings.html
@@ -52,7 +52,11 @@
           [locale]="user?.settings?.locale"
           (holdingClicked)="onHoldingClicked($event)"
         />
-        @if (hasPermissionToCreateOrder && holdings?.length > 0) {
+        @if (
+          !hasImpersonationId &&
+          hasPermissionToCreateActivity &&
+          holdings?.length > 0
+        ) {
           <div class="text-center">
             <a
               class="mt-3"
diff --git a/apps/client/src/app/components/home-overview/home-overview.component.ts b/apps/client/src/app/components/home-overview/home-overview.component.ts
index abf7017a6..db3e59f59 100644
--- a/apps/client/src/app/components/home-overview/home-overview.component.ts
+++ b/apps/client/src/app/components/home-overview/home-overview.component.ts
@@ -48,7 +48,7 @@ export class GfHomeOverviewComponent implements OnDestroy, OnInit {
   public errors: AssetProfileIdentifier[];
   public hasError: boolean;
   public hasImpersonationId: boolean;
-  public hasPermissionToCreateOrder: boolean;
+  public hasPermissionToCreateActivity: boolean;
   public historicalDataItems: LineChartItem[];
   public isAllTimeHigh: boolean;
   public isAllTimeLow: boolean;
@@ -80,7 +80,7 @@ export class GfHomeOverviewComponent implements OnDestroy, OnInit {
         if (state?.user) {
           this.user = state.user;
 
-          this.hasPermissionToCreateOrder = hasPermission(
+          this.hasPermissionToCreateActivity = hasPermission(
             this.user.permissions,
             permissions.createOrder
           );
diff --git a/apps/client/src/app/components/home-overview/home-overview.html b/apps/client/src/app/components/home-overview/home-overview.html
index c65d52f3f..b36302ded 100644
--- a/apps/client/src/app/components/home-overview/home-overview.html
+++ b/apps/client/src/app/components/home-overview/home-overview.html
@@ -1,7 +1,11 @@
 <div
   class="align-items-center container d-flex flex-column h-100 justify-content-center overview p-0 position-relative"
 >
-  @if (hasPermissionToCreateOrder && user?.activitiesCount === 0) {
+  @if (
+    !hasImpersonationId &&
+    hasPermissionToCreateActivity &&
+    user?.activitiesCount === 0
+  ) {
     <div class="justify-content-center row w-100">
       <div class="col introduction">
         <h4 i18n>Welcome to Ghostfolio</h4>
diff --git a/apps/client/src/app/pages/accounts/accounts-page.component.ts b/apps/client/src/app/pages/accounts/accounts-page.component.ts
index 74ac21ec1..ff17c861f 100644
--- a/apps/client/src/app/pages/accounts/accounts-page.component.ts
+++ b/apps/client/src/app/pages/accounts/accounts-page.component.ts
@@ -239,7 +239,7 @@ export class GfAccountsPageComponent implements OnDestroy, OnInit {
         accountId: aAccountId,
         deviceType: this.deviceType,
         hasImpersonationId: this.hasImpersonationId,
-        hasPermissionToCreateOrder:
+        hasPermissionToCreateActivity:
           !this.hasImpersonationId &&
           hasPermission(this.user?.permissions, permissions.createOrder) &&
           !this.user?.settings?.isRestrictedView
diff --git a/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts b/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
index 37eeae61f..1b7874542 100644
--- a/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
+++ b/apps/client/src/app/pages/portfolio/allocations/allocations-page.component.ts
@@ -564,7 +564,7 @@ export class GfAllocationsPageComponent implements OnDestroy, OnInit {
         accountId: aAccountId,
         deviceType: this.deviceType,
         hasImpersonationId: this.hasImpersonationId,
-        hasPermissionToCreateOrder:
+        hasPermissionToCreateActivity:
           !this.hasImpersonationId &&
           hasPermission(this.user?.permissions, permissions.createOrder) &&
           !this.user?.settings?.isRestrictedView