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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 The participation fee is withdrawn from accounts as soon as traders register as participants.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 4024)
Author of FXArena: Termua | Date 2021-07-04
FXArena is better than the three other brokers I had used before. They offer competitive spreads with no spike and wonderful platform. I also like their order execution on mobile platform its absolutely fast and easy to accessible. Overall, I am satisfied with
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Author of FXArena: Shlok | Date 2021-04-26
I tried a demo account at FxArena and I have to be honest but I did not like my experience. Their platform was too shaky and there had been a lot of delays while I was demo trading. Considering that it was not the real deal yet, it it worrisome to think that they can't provide a smooth experience.
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Author of FXArena: MsTrader | Date 2020-12-28
FXArena is an unprofessional broker. I trade with them for three months, and I always get into trouble. Their platform is working badly, the spread is high, and they used to delay my order execution. I got negative slippage, which makes me lost my money. When I called their customer support, I told them my problem, and they don't admit that mistake is on their side, also they judged me that I'm not skilled trader. What kind of broker is this? I will never trade with them anymore, I am so disappointed with their service.
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Author of FXArena: Gastanyo | Date 2020-06-15
The main problem of this company is the execution. The server of this company needs to be improved. Many people were also disappointed with this broker. My money is not yet credited to my account. Therefore, I called their support to ask about this case, and I can’t stand with their reply. Their support told me that I got loss $785 when I traded.
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Author of FXArena: Richmond | Date 2020-04-13
I don't think it is worthwhile to trade at FXArena. For one, their platform is not very great. It is unstable most of the time and it often ignores my SL and TP which leads to more losses. I have only been trading at this broker for more than a month but I am already closing my account. I have lost more than a quarter of my initial capital already and I don't want to lose more just because of their terrible platform.
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Author of FXArena: Kwininta | Date 2020-03-10
It has been 5 months I try to change my trading strategy in order to gain profit with them but at last I made a decision to leave them. Basically their execution speed slow so that will lost your best price to entry and it will freeze when you click more than 5 times to layer your entry. Their MT4 platform and web freeze through out the afternoon, I don't know the real reason behind this. I sent the questions to customer support but they didn't reply my email.
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Author of FXArena: Halimah | Date 2019-12-05
I have a standart account with FX Arena, last month my trading was fine but yesterday I got a problem. when I have opened . 5.5 lots buy the deal at $2000 on EUR/USD pair, then my position was opened at 20 pips higher. Also, this trades being closed out on my take profit point. I can understand how my profit reduced by them. Although sometimes I get many slippages in my pending order. But I did not observed about this activity. Also, I had $380 balance on my account. So I have requested a withdrawal of $550 via Skrill, today I got this money for delay payment. Actually, FX Arena MetaTrader 4 platform is too slow which isn't good for any traders as like me. This is the last chance for them, if the problem will happen again, I must leave this broker.
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Author of FXArena: Juniar | Date 2019-12-02
I am very disappointed with Fx Arena service. On 14th January the server was down and I could not manage my open USD/JPY position and the moved so much up that I lost money $900. When I contact with their live support they and ask them to adjust my trade they refuse to do that. . Is there any legal way , that pay me my that amount which I loss because of their server down please let me know?
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Author of FXArena: Crisos | Date 2019-10-09
FXArena keeps popping on the advertisements on the websites I visit. I got curious so I checked out their website. It's troubling because their site does not contain much information. Most are just claims and promises but there are really no useful information to get to know the company better. I think it would be risky for anyone to open an account at this broker because they are not regulated. I did not stay long on their website because it doesn't seem very reliable.
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Author of FXArena: Binda | Date 2019-09-02
FXArena broker always makes a panic for me. Because no orders were executed on my desire positions on MetaTrader 4, also it's performance was slow and any time it could be frozen for 20 to 30 min. Besides the price quotes are always different from others. While I had deposited $250 and got 100% deposit bonuses in a Standard account, but after earned $188 when I was tried to withdrawal my profit via Skrill, they just blocked my account and canceled my deposit bonus. So I say FXArena broker isn't suitable for me.
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