Ether Arena

Note: Ether Arena's official website: https://ether-arena.com/ is currently inaccessible normally.

Ether Arena Information

Ether Arena presents itself as an online forex trading broker registered in the Marshall Islands that claims to provide its clients with various tradable financial instruments with variable spreads from 2.4 pips and commissions as low as 0 via the leading MT4 and Sirix trading platforms, as well as a choice of three different real account types. However, the minimum deposit requirement is as high as $250, and it does not hold any valid regulations.

Pros and Cons

Is Ether Arena Legit?

No. It is registered in the Marshall Islands, which is filled with scammers and shady companies. It does not offer guaranteed funds or segregated accounts, and is warned by CNMV.

What Can I Trade on Ether Arena?

Ether Arena advertises that it offers access to a broad range of markets across six asset classes, covering forex, indices, stocks, commodities, stock CFDs and metals.

Account Type

Apart from demo accounts, Ether Arena claims to offer three types of real trading accounts, namely Mini, Premium and VIP. The minimum initial deposit amount is $250 for the Mini account, while the other two account types have much higher minimum initial capital requirements of $300 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The broker has not clearly provided the leverage it offers.

Ether Arena Fees

Ether Arena claims that it offers variable spreads from 2.4 pips and the commission is as low as 0.

Trading Platform

Platforms available for trading at Ether Arena are said to be the advanced MT4 and Sirix. However, the MT4 software seems to be fake ones. Take care!

Deposit and Withdrawal

The broker accepts payments done via Visa, Maestro, UnionPay, MasterCard, SAFECGARGE and Webmoney.

The minimum initial deposit requirement is said to be $250, while there is no mention of what the minimum withdrawal amount is.

No minimum withdrawal amount defined and no fees or charges specified.