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FXArena review

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 The participation fee is withdrawn from accounts as soon as traders register as participants.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: 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$. Therefore, I wanted to withdraw my profit, but I always got error in their system. I contacted to their support by email, phone, etc, and they always said that they will solve my issue immediately. However, I have gotten nothing from them for 1 month, it’s terrible. Thus, the customer service at TenkoFX is the worst that I have ever traded. In addition, their platform often freezes and this makes me lose a lot of money. Also, their connections are bad. Initially, I thought that the problem came from my internet connection, but it turns out even though my internet connection was excellent or use wifi at a very high speed. At the moment, I’m going to move another broker to trade, so be aware this broker - TenkoFX!!! They just want to steal your money.
Author of FXArena: Bogofx | Date 2017-05-19
Had an account for 2 months, closed it now. I couldn't trade I lost only my first deposit which was 100$ with Qiwi Wallet. Their platform MetaTrader 4 is having big delays and the price aren't real at the moment of closing a position. The broker is sometimes manipulating the prices and the support team is just putting people on hold for hours. I don't recommend the broker!
Author of FXArena: Jackiefx | Date 2017-03-29
I was a client of FXArena till 2 weeks ago when I closed the account. Since then the support team is harassing me to open again the account and that they have this great strategy now. I was trading with the broker for 5 months. But the past month I had problems with them closing my positions during the night or delete the successful trades and also deleted my money. The support team all they could do was direct me to their manager. After I spoke with him there wasn't any resolution to my problem. After that I had negative slippage of 15 pips because of delay in servers. I trade only major pairs EUR/USD, USD/CHF, USD/JPY and others. I traded with other brokers but never I had this problems to have deleted trades. I withdraw my money with Neteller, 1820$ and I closed the account.
Author of FXArena: melbournebustle | Date 2017-03-17
No complaints so far with FXArena. I have been working with them for about 6 months already. and the execution, the deposit using Neteller are seems good for me. I am also getting agood commission and I am planning to continue working with them, Right now I have $630 money in my account and hoping to double it within next 3-5 months.
Author of FXArena: Chan | Date 2017-02-23
They provide very reliable and fast services and the staff in the customer relations department are doing their job really well and responsibly. Last week I won one of their contests and my prize was a 200 USD bonus trading account. Today they are already 300.
Author of FXArena: Letty | Date 2017-01-04
I joined this broker - FXArena in last year and I think FXArena is a great broker. I would like to share my trading experience at here, although I have traded with other brokers, which I was not satisfied. I was introduced to FXArena by my friend who has been trading on FXArena's platform for sometime now. I opened a real account with FXArena and started trading. I was so surprised to see all their good services and trading process which is normal, I have never known like FXArena. At the moment, my account with this broker has been up to $6000, which I started trading with $700. I use my own strategy to trade and it has been helpful and profitable. I think I will continue trading with this broker. Besides, I was impressed the high bonuses for registering new trading account and it was true. Spreads are also low. Margin level is acceptable and platform runs fast. All in all, I satisfied with FXArena’s service, and up to now, they haven’t disappointed me. My withdrawals were processed expeditiously and I have so far managed to receive my funds within hours
Author of FXArena: Mana | Date 2016-11-02
Very disappointed. I withdrew my funds from Sep 2016, until now I never receive, and the most terrible thing is they have not replied my email. My advice for other traders, do not ever dare to trade with this broker.
Author of FXArena: Gook Chung | Date 2016-10-10
I am currently playing the BIG Free demo contest and I am in a good rank. I hope I will be able to finish the contest with the highest balance to get the $2000.00. It's my 4th time to participate in the contest, but unable to take home the prize. It was my friend who convinced me to invest with this company and had no regrets that sometimes, I lost some of my deposit due to negligence in my part. Until now, I am still reading educational materials to practice and improve my trading skills to earn substantial amount. I just hope that this company will not block my account because I am planning to resign and focus in my trading activities because it's more profitable.
Author of FXArena: Natt | Date 2016-09-15
I traded with this broker for 2 months. I think commission $7 for a full circle is huge. MT4 platform is not suitable for a serious trade as well as any MT4. The spreads in the Micro account are much too high.
Author of FXArena: vendulafx | Date 2016-08-18
I am not happy with this broker. This broker 's system is very slow. I find it difficult to take the advantage should I get. I tried to contact them, but they have a lot of reasons and this happened several times.
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