Statistics of FXArena votes

FXArena reviews

FXArena_logo FXArena 6/10 (votes 10300)

On-line since: 2012
Country of origin: Belize
Regulation: Belize IFSC
Payment options: payment cards, WebMoney, Neteller, Skrill, QIWI, FasaPay, China Union Pay, Moneta.ru, 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.

Estimate trading with FXArena and submit your review to our website.

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Comments about broker

Loreign trader
review FXArena
09-09-20

FXArena is a decent Forex broker. My friend introduced this broker to me and I have been trading with them for more than half a year now. So far, I can see progress in my trading account thanks to their stable platform. They also provide educational materials to further enhance our knowledge and skills on Forex trading. I am waiting to reach my target profit then I will withdraw it. According to my friend, she never had any issue in terms of withdrawal.

Versento trader
review FXArena
31-08-20

I have joined FXArena 3 months ago and defiantly they are market maker broker. I have an account with them and they ripped me off 241$ very badly. They did not execute my SL at the ordered level but three hours later when I email them than they executed it at the moment price which was 120 pips below my stop loss. I have notice that many trader have faced same issue. After my loss I couldn't even think to trade with FXArena anymore.

Brayne trader
review FXArena
20-06-17

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
31-05-17

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
30-04-17

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.

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