Overview of Arena Trade
Arena Trade, established in 2018 and located in Australia, operates as an unregulated financial services provider, offering products such as Forex, commodities, indices, and cryptocurrencies.
The company meets diverse trading needs with three account types: Lite, Standard, and Premium, and also provides the option of a demo account.
It supports trading via its proprietary Arena trading platform as well as the widely used MT4 platform. The minimum deposit required to start trading is $10,000. Customers can access support through the phone number +6128640635.
Regulatory Status
Arena Trade is an unregulated financial services provider.
This means that it does not hold a license from any regulatory financial authority, which could potentially increase the risk for investors as they might not have the same level of protection or recourse to regulatory oversight as they would with a regulated entity.
Pros and Cons
Pros
Advanced Trading Platform: Arena Trade offers the Arena trading platform along with the widely used MT4, which are considered advanced and versatile, suitable for various trading strategies.
Wide Range of Instruments: The company provides a diverse array of trading instruments including Forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios across different asset classes.
Different Account Types: Offering multiple account types such as Lite, Standard, and Premium, Arena Trade provides options that cater to different levels of trading experience and investment sizes.
Cons
Unregulated: The lack of regulation is a significant risk, as it means less protection for traders in terms of financial security and fair trading practices.
Extremely High Minimum Deposit: A minimum deposit of $10,000 is exceptionally high and could be prohibitive for new or small-scale traders, limiting the accessibility of the platform.
Limited Customer Support: The customer support being available only via phone might not suffice for urgent or immediate needs, especially for an international clientele that prefers 24/7 access via multiple channels.
Products & Services
Arena Trading offers a diverse portfolio of financial products for trading that attracts a wide range of investors looking to diversify their investment strategies. The available trading options include:
Currency Pairs: The platform enables Forex trading with an extensive selection of currency pairs. This likely includes the major pairs that are most commonly traded, such as EUR/USD and USD/JPY, as well as minor pairs and potentially exotic pairs, which involve currencies from emerging markets. This variety allows traders to engage in Forex markets under varying economic conditions.
Commodities: Traders can access a range of commodity markets through Arena Trading. This typically includes precious metals like gold and silver, which are often sought after as safe-haven assets. Energy commodities, such as crude oil and natural gas, are also available, providing options for traders interested in market sectors influenced by global economic changes. Additionally, agricultural commodities like wheat, corn, and soybeans might be offered, which are essential for traders looking to capitalize on changes in food markets.
Indices: Arena Trading provides opportunities to trade on several global stock indices. These indices might include the S&P 500, which reflects the performance of large-cap U.S. stocks, or the FTSE 100, showcasing leading British companies. Trading indices allow investors to speculate on the overall movement of the stock markets without having to select individual stocks.
Cryptocurrencies: With the growing interest in digital currencies, Arena Trading offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and others. This sector is particularly appealing for those looking to trade on volatility and the innovative aspects of blockchain technologies.
Account Types
Arena Trade offers 3 types of account to its users.
Lite Account
The Lite account at Arena Trading is tailored for beginners or those who prefer trading with smaller amounts of capital. It's an accessible and affordable option that allows traders to participate in the forex, commodities, and indices markets.
This account type requires a minimum deposit of $10,000, offers competitive spreads, and does not charge any commission fees.
Standard Account
Designed for more experienced traders who are comfortable with larger investments, the Standard account requires a minimum deposit of $100,000. It provides access to a broader range of trading instruments than the Lite account, along with additional features such as trading signals and market analysis tools.
The account maintains competitive spreads and charges low commission fees, attracting traders aiming to maximize their trading potential and effectiveness.
Premium Account
The Premium account is intended for high-volume traders who seek various access to all trading instruments and premium features.
With a minimum deposit requirement of $500,000, this account offers personalized support through a dedicated account manager and priority access to new trading tools and features.
It also benefits from lower commission fees, ensuring that high-level traders receive the highest standard of service and support to match their investment and trading demands.
How To Open An Account？
Opening an account with Arena Trading can be streamlined into three straightforward steps:
Choose Your Account Type: Visit the Arena Trading website and navigate to the 'Account Types' section. Review the different account options available (Lite, Standard, Premium) and select the one that best suits your trading needs and financial capabilities.
Complete the Registration Form: Once you've selected your desired account type, click on the 'Get Started' button to access the registration form. Fill out the form with your personal details, such as your name, email address, phone number, and any other required information. You'll also need to provide identification and proof of residency documents as part of the KYC (Know Your Customer) process.
Fund Your Account: After your account is verified, you will need to deposit funds to meet the minimum deposit requirement for your chosen account type. Access the 'Deposit' section on the platform, select your preferred payment method (such as bank transfer, credit card, or e-wallet), and follow the instructions to transfer funds into your trading account.
Once these steps are completed, you'll be ready to start trading with Arena Trading.
Trading Platform
Arena Trading offers a versatile range of trading platforms to accommodate the preferences and needs of different traders:
Mobile Trading Platform: This platform is tailored for traders who need flexibility and mobility, allowing them to stay connected and manage their trades on the go. It is available for both iOS and Android devices and features an easy-to-use interface with intuitive navigation and powerful trading tools. Traders can access real-time quotes, view charts, and execute trades directly from their mobile devices.
Web Trading Platform: Designed for traders who prefer trading from a desktop or laptop, this web-based platform does not require any software download and can be accessed from any computer with an internet connection. It features a user-friendly interface, customizable charts, and a variety of analysis tools to help traders make informed decisions.
MetaTrader 4 (MT4): Arena Trading also offers access to MetaTrader 4, one of the most popular trading platforms globally. MT4 is renowned for its advanced trading tools and comprehensive analysis features, allowing traders to tailor their trading experience. It supports a wide range of trading instruments, including forex, commodities, and indices, and enables efficient trade execution.
Customer Support
Arena Trading offers dedicated customer support accessible through various channels. Clients can reach the support team by calling their telephone number at +6128640635.
This line is managed from their office located at Suite 135, 78 Gawler Place, Adelaide SA 5000. The availability of direct phone support ensures that clients can get timely assistance and answers to their queries, facilitating a smooth trading experience.
Conclusion
Arena Trading is a versatile trading platform that attracts a variety of traders, from beginners to high-volume professionals. With a choice of user-friendly mobile and web platforms, as well as the widely acclaimed MT4, Arena Trading equips its users with advanced tools and features necessary for successful trading.
Despite being unregulated, the company provides educational resources, competitive pricing, and dedicated customer support to ensure a supportive trading environment.
FAQs
Question: What account types does Arena Trading offer？
Answer: Arena Trading offers three main account types: Lite, Standard, and Premium, each designed to satisfy different levels of trading experience and capital investment.
Question: What minimum deposit is required to open an account with Arena Trading？
Answer: The minimum deposit varies by account type: $10,000 for a Lite account, $100,000 for a Standard account, and $500,000 for a Premium account.
Question: Does Arena Trading offer educational resources for traders？
Answer: Yes, Arena Trading provides a range of educational resources including webinars, eBooks, and trading courses to help traders enhance their trading knowledge and skills.
Question: Can I trade on a mobile device with Arena Trading？
Answer: Yes, Arena Trading offers a mobile trading platform that is available for both iOS and Android devices, allowing traders to manage their trades and monitor the markets on the go.
Question: What trading platforms are available at Arena Trading？
Answer: Arena Trading offers several trading platforms including a proprietary web trading platform, a mobile trading platform, and MetaTrader 4 (MT4), meeting various trading preferences and needs.
2022-12-20 11:29
2022-12-10 13:32
