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FXArena review
FXArena


On-line since: 2012
Country of origin Belize
Regulation: IFSC of Belize
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: -

About the company:

FXArena is a broker proposing a new approach to the currency trading. The company provides traders with online trading service based on various campaigns and contests. FXArena is a forex company corresponding to all current standards. Thanks to the company, traders have an opportunity to develop their skills as well as earn money using new methods.

Trading account registered with FXArena gives an access to a whole myriad of contests at any time. Moreover, traders can take part in several contests simultaneously.

The company gives a possibility of taking part in free or fee-paying contests. The participation fee is withdrawn from accounts as soon as traders register as participants. Trading is performed via MetaTrader4 trading platform, which enables market participants to choose trading instruments and install the needed expert advisor.

The company has gained trust of a lot of traders for only three years. Now, you also have a chance to evaluate the company’s services.

FXArena 8/10 (votes 4022)
Author of FXArena: Dawud_Aziz | Date 2018-09-27
FXArena's service isn't good for me. As last five months, I have a lot of issue in trading with them. First, their execution is slow on the MT4 Platform and when I want to open or close a position, the order executed 20 to 40 sec delay, So always my position get 1o to 20 pips slippage. Also most of the time the platforms are freeze or disconnects from the server so requotes is a common problem. That's why all of my profitable trades being losses. I see they haven't any regulations and FXArena's activity as like a market maker broker. So, now I have avoided them for trading in the market.
Author of FXArena: CrisinFx | Date 2018-07-26
FXArena used to be good, but are now they are bad like any other. Last week I execute 36 orders on EUR related pair and my 18 orders close with successfully and I make profit around $345. This week when I trying to login my account it showing my account has been blocked. Instantly I email them and reply me that they block my account because they found unusual activity in my trading account. That means making profit is unusual activity for them? I'm moving my money there as soon as possible.
Author of FXArena: Jopip | Date 2017-12-26
I have a standard account with FXArena and I will soon close my account. My first deposit was 200$ with Qiwi, and I lost it after 3 weeks of trading. I deposited again 100$ and manage to make 200$ profit after one month of trading. The Metatrader 4 platform crashes or have delays during volatility times. The closing price is different then the market. I called many times the support team but they pun me always on hold. I traded with them currency pairs EUR/USD, GBP/USD, USD/JPY, USD/CHF.I don't recommend the broker because the trading conditions are against the traders and lack of support team.
Author of FXArena: Leo | Date 2017-10-19
It's a terrible idea to work with this broker, especially participate in its contests. I joined one of them called Big Free and although I won the contest, up to now, I haven’t received the prize the broker promised on its website. I fulfilled all the conditions and terms, I don’t know what happened. I have sent several emails to support department, but managers always told me that my request is in process. Also, I have won around $100 in my trading and I wanted to withdraw $60, but the system allows neither. I don’t know what to do. But what happens now is a bad signal, it shows me that this is not a serious broker.
Author of FXArena: Nina | Date 2017-08-31
I have an account with FXArena and I am the most unhappy client of them. I had deposited $500. After trade 20 lots, I have profited $90 and last month on 23 July 2017 I make a withdraw but they block my accounts for trade with them. Five weeks passed but I am not getting the money till now, support didn't help me, they only said it is still in processing and we will try. I am so boring now.
Author of FXArena: MrEarnPip | Date 2017-08-03
Although FXArena's service is poor and platform execution is worst but I have a participant in the FXArena's Big Mini contest and they cheat with me. They didn't give me weekly $5,000 prize bonus on demo. Because I have fulfilled all their terms and condition on demo account. Besides In my five months trading experience on a live account, I have 55 trades and make $57 profit only by depositing $250. I found their main problem was slow execution and freeze platform. I saw on a forum that FXArena hasn't any regulations because IFSC shut down their activity. So now I have avoided this broker and suggest others to avoid them.
Author of FXArena: Elaine | Date 2017-07-13
At this moment I still trade with Fx Arena and found that it is still consider as one of the most reliable broker in the region. The Mt4 platform is well-designed and most important it always ease charting activities without so much unnecessary indicator or signal. I mostly trade on EUR/USD pair as one of the most desired pair and for me I prefer to focus on single currency pair than multiple trade so I can focus and give more attention to generate more profitable trade as well. I am so thanks that along my journey with Fx Arena I don’t have so much problem especially when dealing with the introducer of the broker. They are very professional while dealing with trader. Last time, I experienced problem on deposit matter but it can be solved in less than 1 day. This broker is well-recommended especially for newbies and it is also good to have demo account like what I have before to gain more experience before enter real trading process.
Author of FXArena: Ren | Date 2017-06-24
I see a lot of traders joined FXArena but I felt let down. Platform suddenly disabled. I even not being able to make the process of trading. To this day it is still happening. I immediately call customer service and ask for help about withdrawal process because I want to take all my money. They did not help me until today. All the pages in the website where I can control my account are also inaccessible. I'm disappointed because FXArena should be able to help me. I'm still waiting for help from them. I hope they can help me.
Author of FXArena: Odettapip | Date 2017-06-06
I joined this broker because I like their contests. I currently play in Big Mini contests and I hope I will win. Till now ( it's been over 2 months ) FXArena is a great broker. I trade mainly currency EUR/USD,USD/CHF, USD/JPY, USD/CAD, EUR/GBP on the MetraTrader 4 platform, the execution is fast and the prices are real. I had a problem with some closed positions during the night and the support team helped me and reopened the positions and credited my money to my account. Honest and reliable broker!
Author of FXArena: Clem | Date 2017-06-05
After trading with TenkoFX in 1 year, I gave up to trade with this broker. TenkoFX is really a scammer, because I had been robbed of my money by them. I have lost $1000 when I made request of withdrawal. 2 months ago, I traded 800$, and luckily I earned huge profit – 1000$. Therefore, I wanted to withdraw my profit, but I always got error in their system. I contacted to their support by email, phone, etc, and they always said that they will solve my issue immediately. However, I have gotten nothing from them for 1 month, it’s terrible. Thus, the customer service at TenkoFX is the worst that I have ever traded. In addition, their platform often freezes and this makes me lose a lot of money. Also, their connections are bad. Initially, I thought that the problem came from my internet connection, but it turns out even though my internet connection was excellent or use wifi at a very high speed. At the moment, I’m going to move another broker to trade, so be aware this broker - TenkoFX!!! They just want to steal your money.
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