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Ether Arena -

Score

1.39 /10
Danger

Ether Arena

Marshall Islands

2-5 years

Suspicious Regulatory License

High potential risk

http://ether-arena.com

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Score

Regulatory Index0.00

Business Index6.04

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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1G

40G

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Regulatory disclosure

Danger

IT CONSOB
2022-11-21
Consob warning on Cms Ltd (www.capmarketstrategy.io, page https://client.capmarketstrategy.io) - Bitsterzio (https://www.bitsterzio.com) - Invest Atlas (https://investatlas.co) - Ether-Arena Ltd (www.ether-arena.com, https://vineab.com, page https://clientzone.vineab.com)
Ether Arena
Bitsterzio

Broker Information

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Company Name

Ether-Arena Ltd

Company Abbreviation

Ether Arena

Platform registered country and region

Marshall Islands

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Ether Arena · Company summary

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

Ether ArenaReview Summary
Founded2023
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsForex, indices, stocks, commodities, stock CFDs, metals
Demo Account✅
Leverage/
SpreadFrom 2.4 pips
Trading PlatformMT4, Sirix
Min Deposit$250
Customer SupportPhone: +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 productsNo 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.

Is Ether Arena Legit?
Is Ether Arena Legit?

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❌
ether1.jpg

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

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!

Trading PlatformSupported Available Devices Suitable for
MT4✔/Beginners
MT5❌/Experienced traders
Sirix✔//
Trading Platform

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.

ether2.jpg

User Reviews

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FX1209350266
more than one year
My friend told me that he was defrauded by this Ether Arena, and he cant get deposited funds back. I feel sorry for him, and he won’t encounter this scammer if he listened to me. Here is one of my advice: Don’t trade with young and unregulated brokers.
My friend told me that he was defrauded by this Ether Arena, and he cant get deposited funds back. I feel sorry for him, and he won’t encounter this scammer if he listened to me. Here is one of my advice: Don’t trade with young and unregulated brokers.
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2023-02-15 13:45
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志强
more than one year
The company's website is no longer available so there is no need to waste time here. I haven't seen anyone saying that they were cheated so far, I hope it's not a scam company.
The company's website is no longer available so there is no need to waste time here. I haven't seen anyone saying that they were cheated so far, I hope it's not a scam company.
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2022-12-16 17:21
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