Statistics of FXArena votes

FXArena reviews

FXArena_logo FXArena 6/10 (votes 10299)

On-line since: 2012
Country of origin: Belize
Regulation: Belize IFSC
Payment options: payment cards, WebMoney, Neteller, Skrill, QIWI, FasaPay, China Union Pay,, CASHU
Minimum account size:  $5
Minimum lot size: 0.01 lot
Leverage: 1:25
Spreads: variable

FXArena is a new way of trading on Forex, which is based on contests. To begin trading with FXArena, open a trading account and you will gain access to different contests within round the clock. The contests are both paid and free and may last for 15 minutes or even a month. The prize fund of every contest varies between $500 and $20,000.

The registration in a paid contest requires a participation fee – the sum will be deducted from the deposit. It is possible to take part in several contests at the same time, to choose the start time of the contest, its duration, trading instrument, and the number of participants.

Trading is carried out through the MetaTrader 4 platform, which allows traders to use expert advisors. There is also a version for tablets and smartphones.

So the broker shows a new approach to financial trading, which is based on contests and foreign exchange trading.

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Comments about broker

Brayne trader
review FXArena

Withdrawal takes a week which is quite a long wait for me. My other broker takes only 2 days to credit fund to my account. That's the only problem with FXArena. Their website states that withdrawal takes on 2 days via Neteller, so I wish they live up to that promise.

Nara trader
review FXArena

I have been using FXArena for 6 months and opened the real account with deposit of $50. I am so far satisfied with the trading platform, it is simple and easy to execute orders. In fact, the spread offer as low as 0 pips. Even though, I faced losses for many times at the early stages but I take it as a learning process. I did studied on other signals and indicators. Currently, trading account consistently closing profit and I managed to withdraw from $150 - $200 for weekly income. Thanks FXArena.

Achariya trader
review FXArena

Last five months I am doing forex trading with FXArena's Mt4 account. Sometimes I found their MT4 platform's execution quality is worst. So far I made 23 trade profit $156 by depositing $200. But I have been lost 49 trades for platform's slow execution, freeze and requotes. on high volatility market, some slippage occurs with them too. I prefer EA Trading but they didn't support any EA. Recently I knew that FXArena are a b-book broker (market maker) and now they hasn't any regulations because IFSC shut down their activity. So I do not recommend this broker and I have suggested to avoid them.

Pipsalot trader
review FXArena

I have been trading with FxArena for about 3 months with $350 and honestly, I had no issues with them ever. Instant fills, and executions. Even have had orders executed during news economic events with excellent fills. During this three months my I have earned profit of $569 and yesterday was my 1st time profit withdrawal. I withdraw about more than 40% of the current balance by Neteller and I was surprised that my money was arrived within 2 hours. I think Leverage could be better. Other than that, everything is okay.

Verra trader
review FXArena

I used to change to another broker right after I tried out this broker and I have been using their platform for 5 months, I don’t wish to continue with them anymore. To be honest, I have tried few number of brokers before so that, I think for what I have been through or experienced before was crucial enough to understand which broker is the most reliable one! I don’t think I have problem on trading and in fact live account did show profit. The major problem I faced with Arena when it comes to withdrawal. Last month, I requested $300 for withdrawal through QIWI but there were too much problem raised! Documentation processed deprived of, I have to resend again and again! Seems like they do not allowed me to take the profit out. I have to wait for too long, more than 5 days. I don’t like this system, it really disorganized. The system really need an improvement!

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