Arrexpro Information
Arrexpro is an online broker offering Forex and Derivative trading services on commodities, precious metals, stocks, cryptocurrency and other assets.
Pros and Cons
Pros:
- High Leverage: This broker offers a high leverage ratio of up to 1:500, allowing traders to enter trades of significantly larger value than the capital they possess.
- Multiple Customer Support Channels: Arrexpro provides several channels for customer support including live chat, telephone, email, and social media.
- No Deposit/Withdrawal Fees: Arrexpro offers safe deposit methods, fast withdrawals with no extra fees.
Cons:
- No Regulation: Arrexpro is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.
- Strict Regional Restrictions: The broker imposes strict geographical restrictions, excluding users from many countries from their services.
- Lack of Information about Market Instruments: There is an apparent lack of transparency or readily available information about the market instruments offered by Arrexpro.
Is Arrexpro Safe？
- Regulatory Sight: Arrexpro is currently not regulated by any recognized financial authority. Traders should exercise caution and conduct thorough research before engaging with Socrates Legacy.
- Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Offering an expansive and diverse variety of more than 600 trading assets, Arrexpro affords a wealth of opportunities for traders.
Arrexpro's forex trading facilities offer exposure to 50+ currency pairs (major & exotic). For traders interested in the timeless appeal of precious metals, options on gold, silver, and other precious commodities are available.
Arrexpro also offers trading on a variety of key commodities, including crude oil, natural gas, coffee and more.
In addition, Arrexpro allows traders to speculate on price movements in robust markets for global shares and indices.
Account Types
Arrexpro offers a decent amount of trading account types. There are meaningly four account types based on clients' deposit which are Beginer, Silver, Gold, and Gold+.
Beginners: This types is designed for new investors who are just starting trading on this platform.It has a minimum deposit requirement of $250.
Silver: The Silver type is typically a step up from the Beginners and requires a minimum deposit of $20,000.
Gold: The Gold tier is considered a premium level of account. A high minimum deposit of $50,000 is required to open a Gold account.
Gold+: The Gold+ type is the highest level of account type offered by the website. A high minimum deposit of $100,000 is required to open a Gold+ account.
How to Open an Account？
The registration process of Arrexpro can be summarized in the following steps:
1. Visit the Arrexpro website and click on the “GET STARTED” button.
2. Enter your basic information including username, email, mobile number, gender, and birth of date to complete the initial registration.
3. Create a secure password for your account.
4. Verify your email address by clicking on the verification link sent to your inbox.
5. Submit any additional required documents or identity verification information, if requested by Arrexpro.
6. Once your account is verified, you can start utilizing the services offered by Arrexpro, such as forex trading and investment.
Leverage
Arrexpro offers a high maximum leverage of 1:400, which means that traders can control a position up to 400 times the amount of their deposited funds. High leverage can potentially allow a trader to realize larger profits if the market goes in their favor. However, it also comes with significant risks, as it can amplify potential losses if the market moves against the trader's position.
Spreads & Commissions
Arrexpro offers a dynamic pricing structure with variable spreads for each of their tradable symbols. Their model adapts to diverse market conditions and asset categories.
For the EUR/USD pair, their usual spread stands at 1.5 pips, already offering attractive pricing for this highly traded pair. Yet, Arrexpro takes it further by offering reduced spreads for higher account tiers, with silver bringing the spread down to 1.2 pips, gold to 1 pip, and platinum to as low as 0.8 pips.
For spot gold trading, spreads begin from a competitive 45 cents.
In terms of commissions, Arrexpro upholds a trader-friendly approach—there's no commission applied on forex and commodity trading.
Trading Platforms
Among the variety of features that Arrexpro offers to its users, one important provision is the Auto Trader 4 platform. Acknowledged by traders worldwide for its comprehensive functionality, Auto Trader 4 is an advanced and user-friendly platform that suits both beginners and seasoned traders.
Offering a variety of trading instruments, technical indicators, and charting tools, Auto Trader 4 allows users to execute their trades quickly and efficiently. It also enables automated trading through the use of Expert Advisors (EAs), which is particularly beneficial for users who wish to automate their trading strategies.
Customer Support
Clients can reach out to Arrexpro 24/5 through various channels as follows:
- Telephone: +852 57964926
- Email: support@arrexpro.com
- Live Chat
- Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, QQ, WeChat
Physical address: Canton Road, Tsim Sha Tsui, Hong Kong, HK
Conclusion
Overall, Arrexpro is an unregulated broker, which is a considerable risk for potential clients. While the firm offers high leverage, no commision and multiple customer support channels, its lack of regulation, and strict regional restrictions make due diligence imperative before investing.
FAQs
What is the leverage offered by Arrexpro？
1:400
Is Arrexpro a regulated broker？
No, Arexpro does not operate under the regulation of any known financial body.
How much is the minimum deposit of Arrexpro？
$250.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies
