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Independent rating of Forex broker FXArena

2/10 (votes 100)

On-line since
2012
Country of origin
Belize
Regulation
Belize IFSC
Payment options
Visa, Visa Electron, Skrill, Maestro, Neteller, WebMoney, moneta.ru, QIWI, AstroPay, MasterCard, Ukash, Przelewe 24, giro Pay, fasapay
Minimum account size
-
Minimum lot size
-
Leverage
-
Spreads
-
FXArena provides its clients with up-to-date trading services. Trading with FxArena is based on various contests. Participating in them, contestants sharpen their trading skills and learn new ways of earning on Forex. An account with FXArena gives a client access to an unlimited number of contests anytime. A client can take part in several contests at the same time.
All FXArena contests are divided into free and paid ones. If a trader decides to participate in a paid contest, the participation fee is taken from his account. Trading is carried out on the MetaTrader 4 platform where a client can choose needed trading instruments and install necessary advisors.
All in all, FXArena launched a completely new way of online trading by combining contests and Forex trading.
Assess the possibilities of FXArena and leave an impartial comment on the company’s activity.

Comments

Author: Colbert Date: 2023-11-12 10:05:52 (UTC+3)
As a scalper, I am comfortable with FxArena and they gave me many facilities on the MT4 platform, which t is profitable for my FX trading. I do not waste my time and they have a very speedy execution, with No off quotes and re-quotes. Withdrawals are also swift, so that's a good point. I have made many withdrawals through Skrill all of them come to my Skrill wallet within a day. overall FxArena is a good broker.
Author: Rossy Date: 2022-07-21 07:31:25 (UTC+3)
FXArena's execution is very slow, spreads were too high and there were many re-quotes during the trading, which make me confused when trading. You will get requotes during execution if the market moves in your favor but filled in at a worse price if the market moves against you. I lost all my money because of their delayed server. There were many re-quotes during the trading time and placing orders that led my trades to be failed. And yesterday When I tried to make a withdrawal, they hold for a long time more than 3 weeks. They closed my positions. So I left them and find another better to invest.
Author: August Date: 2022-03-16 05:48:12 (UTC+3)
I have been trading with FxArena for 6 months. Lately, I have always faced negative slippage in my trading. Customer support is getting ignorant, and sometimes hard to call them. Spreads can get higher, and they charge a big commission, which is not reasonable. They have slow executions and high spreads. I don't feel satisfied with their services, and trading with them is not profitable. I'm looking for another broker who can provide excellent service for me and be beneficial.
Author: Pamela Date: 2021-12-14 05:02:04 (UTC+3)
The minimum initial deposit at FX Arena is expensive. As a newbie, I cannot afford to invest $1000 on the first try. Aside from that, it seems that it also charges high trading fees.
Author: Boby Date: 2021-11-22 06:53:36 (UTC+3)
FXArena is a fraud Broker. I have been trading with this broker and I really faced a difficult time during the withdrawal. I had a common account with them and on top of that, I am not a scalper for which they would mind to do the profit withdrawal. They closed my account after 2 months and seized my complete profit including my equity and gave some unknown reasons in the email. In addition, there has no clue about the deposit money during this year. I have been approaching to FXArena with my complaint but they choose to ignore it. This broker really cheats their client’s with false promises. I hope I can receive my deposit money soon. After that, I will never trust them. Stay away from this broker, I do not recommend them.
Author: Houcine Date: 2021-08-17 05:09:44 (UTC+3)
I cannot say that I had a great experience at FXArena because I did not. As a matter of fact, the experience was terrible. Their platform often malfunctioned and some of my trades were closed at wrong prices because of delays.
Author: Ryhanna Date: 2021-07-29 03:09:53 (UTC+3)
I'm not satisfied with my trading with this broker. I lost $800 in just 3 weeks. I felt attracted by fixed spreads, and the managers were polite and helpful at the beginning. I must admit that during the first months trading with it, I didn't face any problem. Orders were respected, and the trading platform works normally. It suffered from volatility from time to time, but it was acceptable. But then, my requests of withdrawals were not processed correctly, and if it usually took 6 or 7 hours, it started to take around 4 days. All my money wasn't deposited in my personal bank account, so I had to exchange several emails with managers, and most of them were ignored. Finally, I decided to close the account.
Author: Costanza Date: 2021-04-27 07:55:28 (UTC+3)
It is not worth it to open an account at FXArena. Their trading spread is too high and their platform malfunctions most of the time. I only ended up losing all my capital solely because of technical issues.
Author: NayraFX Date: 2021-03-22 02:39:47 (UTC+3)
I have been trading with FxArena for three months. I can say that it's only wasting my time trading with them because their system down too often, and it takes time to fix more than 15 minutes. That kind of situation really affected my trading activity, even make me lost my money. They don't have good trading conditions as well. Trading with them is not profitable at all. So I decided to close my account and stop using this broker for my trading.
Author: Carolijn Date: 2020-12-31 03:18:51 (UTC+3)
FXArena is a trustworthy broker. It is regulated and they are very approachable. You can see that they really wanted to provide the best services. However, their trading platform is really just too shaky. I traded with them for five months and I saw no improvement in the trading platform.

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