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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: 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.
Author: Hudda Date: 2020-11-25 01:53:49 (UTC+3)
After three months, I joined them for trading, I can say that FXArena broker has an awful MT4 platform, where all orders execution goes to slippage and losses. There is no improvement for their platform and support service. Nothing can run business with FXArena broker. Till now, I have lost $500 in a standard account, it's so disappointing and I decided to stop to trade with them. I have sent a withdrawal request of my rest balance through Neteller, and it was delay too. As I advise to traders, avoid FXArena broker.
Author: Richard Date: 2020-09-08 04:08:22 (UTC+3)
I closed my account at FXArena last week because of the shaky platform. They used to have a stable platform which is also why I opened an account with them. But ever since the year started, the platform has become faulty. It often crashed, and my trading activities have been affected so much. Because of the delays and lags, I started to lose huge sum of money. I kept reporting the problem to them but they don't seem to be doing anything about it. That is why I just decided to close my account.
Author: Fulsina Date: 2016-10-12 11:40:57 (UTC+3)
A very great broker, I will like to share my trading experience with this broker, I have once traded with some broker, which I was not satisfied. I got introduced to FX Arena by my uncle who has been trading on FX Arena's platform for sometime now. I opened a real account with FX Arena and started trading July 2016, I was so surprised to see all their good services and their trading process which is normal, I never knew that broker like FX Arena exist. Now my account with this broker has $6000, which I started trading with $700, I have been using my own strategy to trade and it has been helpful and profitable. I don't think I will ever stop trading with this broker.
Author: Tamer#loser Date: 2016-08-04 05:20:49 (UTC+3)
There were times that my account got frozen due to their buggy trading system. I had a reliable Internet connection when it occurs.

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