FX Arena Review

Overall, FX Arena can be summarized as a trustworthy, well-regulated broker that provides two account options with a minimum deposit amount of $0 USD / R0 ZAR, however, it is recommended that at least $10 USD be deposited to start trade-off, spreads starting from 0.8pips and no commission fees charged.

FX Arena At a Glance

FX Arena Review – ___ key point quick overview:

FX Arena Overview

According to research in South Africa FX Arena was founded in 2012 and has offices in the British Virgin Islands and Russian Federation.

FX Arena seeks to position itself globally as the pioneer of online forex contests. Prior to its establishment, the arena existed as special trading contest arena for XM forex broker clients but now FX Arena has made these tournaments available for any trader to participate.

FX Arena attempts to combine online gaming with Forex trading, in which forex traders who join the Arena could compete in any demo trading contest hosted by the company, with withdrawable prizes.

The platform is now owned by Genius Trading, a company based and registered in Anguilla, a UK territory in the Caribbean.

There is hardly any information on the company behind FX Arena and as forex broker. This is quite disturbing, as it provides absolutely no security for traders’ funds. It seems that FX Arena does not provide regular trading but instead, is a platform where traders match against one another in different contest formats.

FX Arena claims to be a leading cryptocurrency and forex investment and trading company based out of UK that specializes in short-medium term positions in large-cap cryptocurrencies and major forex markets.

The broker further claims to have over 20 years of experience in trading, with trading and investment specialists that make sure that they put traders’ money at the right place and at the right time because they have huge exposure to top financial and banking institutions, working towards implementing most effective and advanced trading technology for clients.

To enter any of the contests offered by FX Arena, traders must open an account with the broker and purchase a ticket for the tournament. FX Arena allows traders to participate in numerous contests simultaneously.

FX Arena Limited is an active company incorporated on 19 July 2025 with the registered office located in London, Greater London.

FX Arena Safety and Security

One of the best benchmarks to measure the safety of a broker like FX Arena is to establish which regulating authorities are watchdogs over its actions.

FX Arena is not properly regulated by any reputable authority. A worrying fact is that there is no information on the company behind FX Arena since it provides absolutely no security for traders’ funds.

According to some reviews, FX Arena appears to be a high-yield investment program (HYIP) which may be a type of Ponzi scheme. This is an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by new investors.

FX Arena Sign Up Bonus

FX Athena does not, at this time, offer a Sign-Up bonus or welcome bonus nor do they offer any reward but they do provide a referral bonus

FX Arena Minimum Deposit

There is no set minimum deposit amount for opening an FX Arena account,  however, they do recommend that traders deposit at least $10 USD /  R160 ZAR into their account to start trading.

FX Arena Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. If you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g., 5% or 1%), and you must have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.

FX Arena offers a maximum leverage ratio of 1: 500 on most accounts.

While leverage is usually important for the risk you can take, it is even more important in the context of trading competitions. The ones which provide a higher ratio, allow for late comebacks, as traders will risk everything in the last hours of the event if they are bound to lose otherwise.

FX Arena Accounts

A forex account at FX Arena is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

It is not clear what accounts FX Arena offers. It seems that the broker either offers only one standard type of account, although the following several types of accounts, with their features, are also mentioned:

STP Forex Cent Account

A minimum deposit of $1 can open an account and the minimum position size is 0.0001 lot. Spread type is variable and the typical spread on EUR/USD is 1 pip, with the minimum spread on the pair 0 pips.

Forex (28 currency pairs) can be traded at a maximum leverage of 1:500 on MetaTrader 4. Stop-out level is 10% and the minimum distance to stop/limit orders, 5 pips.

Forex Standard Account

The minimum account size is $10

The minimum position size is 0.1 lot

Spread type: Fixed, with the spread on EUR/USD 2 pips

Trading instruments available: Forex, at maximum leverage of 1:500

Trading platforms provided: MetaTrader 4 and MetaTrader 5

Stop-out level is 10%

Minimum distance to stop/limit orders is 5 pips

Number of currency pairs available to trade: 28

DMA Standard NDD Account

The minimum account size is $1 000

The minimum position size is 0.1 lot

Spread type is variable, with typical spread on EUR/USD 1 pip

Minimum spread on EUR/USD is 0 pip

Trading instruments available: Forex at maximum leverage of 1:500

Trading platform: MetaTrader 4 and MetaTrader 5

Digits after dot: 4 or 5

Stop-out level is 20%, with minimum distance to stop/limit orders: 5 pips

Number of currency pairs available to trade: 63

DMA Pro STP Account

The minimum account size is $5 000

The minimum position size is 0.01 lot

Spread type: Variable, with typical spread on EUR/USD, pips 1 and minimum spread on EUR/USD, pips 0

Commission (one-way) per 1 std. lot is $7.50

Trading instruments available: Forex at leverage 1:100

Trading platform: MetaTrader 4 and MetaTrader 5

Digits after dot: 4 or 5

Stop-out level: 40%

Number of currency pairs available to trade: 63

How to open an FX Arena account

1.  Step 1: Obtain approval via “KYC” & Register

Similarly, to a bank, to register a forex trading account with FX Arena for the first time, you will be required to go through a basic “know your customer” process, which will allow FX Arena to ascertain that your submitted details and ensure the safety of your funds and account details.

FX Arena Demo Account

FX Arena Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a significant role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a significant role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is like Bitcoin but differs in terms of scalability.

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as an updated version of the blockchain with different rules.

FX Arena offers forex currency pairs for trading. Another regular trading is not provided. Instead, this is a platform where traders match against one another in different contest formats.

FX Arena Fees, Spreads and Commissions

Cost depends on varied factors, like spread and margins, and FX Arena clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

The costs of trading at FX Arena are the same for all accounts. The EUR/USD spread settled in the 0.9 -1.0 pip range. Other traditional trading is not available at FX Arena.

FX Arena makes its profits from a portion of the entry fees paid by the tournament participants, the same way poker rooms do.

FX Arena  Deposit and withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of FX Arena, the following payment methods can be used: Visa; Visa Electron; Skrill; Maestro; Neteller; WebMoney; ruQIWI; AstroPay; MasterCard; Ukash; Przelewe 24; Giro Pay; Fasapay

The Forex STP Cent Account can be opened with only $1, the Forex Standard Account needs a minimum deposit of $10, the DMA Standard NDD Account needs $1 000 and the DMA Pro STP Account $5 000.

It seems from the small print that traders can only withdraw money from their wallets on Sundays and only if the withdrawal amount is above the minimum withdrawal limit, but this limit is not stated on the website. Traders that are unable to withdraw on Sundays are invited to contact the broker via live chat, support ticket, or email.

FX Arena Trading platforms

The forex trading platform provided by FX Arena to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

FX Arena provides the MetaTrader 4 platform for trading and 5 (MT5) platform for contests. The features include superb charting, the platform is light on hardware, and custom technical indicators and automated systems can be used.

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FX Arena Conclusion  

At FX Arena, traders can use either a smartphone or computer to trade, and the broker is suitable for any trader who wants to make the most of the trading industry.

The FX Arena contest can also allow traders to test their trading skills and find out more new ways to earn from the worldwide currency markets. If you want to learn more about trading the markets, participating in the offered contests is an effective way to achieve this.

At FX Arena traders can complete various contests simultaneously and pick the instruments to trade as well as the starting time of the contest.

Tons of contests are available at any time with many winners guaranteed.

FX Arena Disclaimer

FX Arena warns potential customers that Forex and CFDs trading always carries a substantial risk and may not be suitable for all investors.

Before deciding to trade with FX Arena, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

FX Arena warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence FX Arena cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

You might also like: FX Arena Account Types Overview

You might also like: FX Arena Demo Account – Step by Step

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You might also like: FX Arena Sign up Bonus

Frequently Asked Questions

Does FX Arena charge a commission?

Yes, on the DMA Pro STP Account commission (one-way) is $7.50per 1 std. lot. More information on commissions may become available after opening an account or can be obtained from the customer support service.

Does FX Arena offer an Islamic Account?

No FX Arena does not have an Islamic Account available.

Is FX Arena a recommended forex trading broker for experts and beginners?

FX Arena offers a trading environment for most types of traders.

How long is the FX Arena demo account valid?

The demo account can be used for a period of 30 days.

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a shorter period than others. Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer’s bank account.