Score

1.58 /10
Danger

FX Arena

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index7.55

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The BelizeFSC regulation (license number: Unreleased) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

FX Arena · Company summary

General Information

FX Arena is a broker that attempts to combine online gaming with Forex trading, in which forex traders who join the Arena could compete in any demo trading contest among the many it holds, with real withdrawable prizes. To enter any of the contests available from within the FX Arena, traders must open an account with the broker and purchase a ticket for the tournament. FX Arena allows traders to participate in numerous contests simultaneously. Traders may even choose to enter one-on-one dual trading competitions.

Market Instruments

FX Arena mainly provides clients with foreign exchange (forex) trading.

Accounts & Leverage

FX Arena provides investors with the Standard Account. The maximum leverage is up to 1:30.

Spreads & Commissions

The spreads start from 0.8 pips. The EUR/USD spread gravitates in the 0.9-1.0 pip range. Due to the trading tournament format of the brokers operations, trading fees such as commissions will not apply in this case.

Trading Platform

FX Arena provides clients with access to the worlds financial markets through the MetaTrader 5 (MT5) platform which is used by millions of traders around the globe.

Deposit & Withdrawal

The payment options at FX Arena include Credit/Debit Card, Neteller and Skrill.

Customer Support

If clients have any questions or concerns, please email at info@fxarena.co or support@fxarena.co for consultation.

User Reviews

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User comment

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Comments

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清了
more than one year
The platform promised a lot but delivered nothing. The regulation claimed by the platform turned out to be completely fake, and the trading conditions were also grossly misrepresented. To make matters worse, I was constantly bombarded with misleading information and false promises. It was a clear case of being scammed, and I wouldn't wish it on anyone
The platform promised a lot but delivered nothing. The regulation claimed by the platform turned out to be completely fake, and the trading conditions were also grossly misrepresented. To make matters worse, I was constantly bombarded with misleading information and false promises. It was a clear case of being scammed, and I wouldn't wish it on anyone
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2023-03-29 10:01
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南来北往
more than one year
Do not invest in this platform, they deceive people and give false recommendations. Remember that a real broker will never persuade you to fund your account and when you lose money, he won’t pretend that only you are to blame for this.
Do not invest in this platform, they deceive people and give false recommendations. Remember that a real broker will never persuade you to fund your account and when you lose money, he won’t pretend that only you are to blame for this.
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2023-02-16 11:55
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