Overview of Diversity
The reasonable costs and extensive array of tradable instruments of Arena Capital provide its main benefits. Its main disadvantage, meanwhile, is the absence of governmental control, which calls for questions regarding openness and money security.
Pros and Cons
Is Arena Capital Legit ？
Arena Capital is not controlled in the United States, where it is based. As well, it is not controlled by well-known regulatory bodies like the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA) in the UK.
Arena Capital Arenacapital's domin of registration on the Whois website was February 20, 2023. It expire on February 20, 2025 presently. ClientDelete Prohibited, clientRenew Prohibited, clientUpdate Prohibited, clientTransfer Prohibited is the domain's statuses.
What Can I Trade on Arena Capital
Arena Capital provides trading in over 600 markets, including forex, commodities, stocks, and others.
Account Type
Arena Capital Fees
Compared to other brokers in the same field, the broker's fees are pretty low. The Micro Account has a spread of 2 pips, the Mini Account has a spread of 1.5 pips, the Premium Account has a spread of 1 pip, and the ECN Account has the smallest spread at 0.2 pips. In particular, there are no marketing fees for any type of account. For the Mini, Premium, and ECN accounts, there are swap charges. The Micro Account does not have these charges.
Trading Platform
Deposit and Withdrawal
There is no information on Arena Capital's website about whether there are any fees for payments or withdrawals. Depositing at least $10 is needed to open an Arena Capital account.
Customer Service
The broker offers 24/7 customer support through various methods, including phone and email.
The Bottom Line
One positive aspect of Arena Capital is its low fees, whereas one negative aspect is the absence of regulatory control. Traders with experience and a tolerance for the dangers offered by unlicensed brokers might consider this broker.
FAQs
Is Arena Capital safe？
Since Arena Capital is unregulated, one questions the security and safety of money.
Is Arena Capital good for beginners？
Although the broker presents a low minimum deposit Micro Account that would be appropriate for beginners, the absence of regulatory control is a major disadvantage.
Is Arena Capital good for day trading？
For day traders, Arena Capital does provide low spreads and sophisticated trading tools.
