Ether Arena Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-05 18:04

Abstract：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.

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

Ether ArenaReview Summary
Founded	2023
Registered Country/Region	Marshall Islands
Regulation	No regulation
Market Instruments	Forex, indices, stocks, commodities, stock CFDs, metals
Demo Account	✅
Leverage	/
Spread	From 2.4 pips
Trading Platform	MT4, Sirix
Min Deposit	$250
Customer Support	Phone: +44 1213 14 3345
	Email: support@ether-arena.com
	Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

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

Pros	Cons
Various trading products	No regulation
	Unavailable website
	Wide spreads
	High minimum deposit requirement

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.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Metals	✔
Indices	✔
Stocks	✔
Stock CFDs	✔
Cryptocurrencies	❌
Bonds	❌
ETFs	❌

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.

Account Type	Min Deposit
MINI	$250
PREMIUM	$300
VIP	$50,000

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!