Arena Capital broker Accounts

arena capital Account Types Overview

arena capital Account Types Explained

Arena Capital offers several account types tailored to different trading needs and experience levels. Below is an overview of the available account types:

1. Basic Account

• Minimum Deposit Requirement: $100 - $1,000
• Spread/Commission Structure: Spread starts at 1.8 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Market execution, hedge allowed, EA ROBO not allowed
• Target User Profile: Beginners
• Trading Instruments Available: Forex, CFDs, commodities, metals, indices

2. Classic Account

• Minimum Deposit Requirement: $2,000 - $5,000
• Spread/Commission Structure: Spread starts at 1.5 pips, no commission
• Leverage Options: Up to 1:700
• Key Features: Market execution, hedge allowed, EA ROBO not allowed
• Target User Profile: Intermediate traders
• Trading Instruments Available: Forex, CFDs, commodities, metals, indices

3. Elite Account

• Minimum Deposit Requirement: $6,000 - $10,000
• Spread/Commission Structure: Spread starts at 1.2 pips, no commission
• Leverage Options: Up to 1:1000
• Key Features: Market execution, hedge allowed, EA ROBO allowed
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, CFDs, commodities, metals, indices

Recommended Account Types by Trader Level:

• Beginners: Basic Account
• Intermediate Traders: Classic Account
• Advanced Traders: Elite Account

arena capital Account Features Comparison

Detailed arena capital Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Basic: $100 - $1,000

• Classic: $2,000 - $5,000

• Elite: $6,000 - $10,000

• Maximum Leverage:

• Basic: 1:500

• Classic: 1:700

• Elite: 1:1000

• Spreads (Typical/Minimum):

• Basic: 1.8 pips

• Classic: 1.5 pips

• Elite: 1.2 pips

• Commission Fees:

• All account types: No commission

• Lot Size:

• All account types: Minimum lot size of 0.01

• Available Trading Platforms:

• MT4, MT5

• Execution Type:

• Market execution for all account types

• Islamic Account Availability:

• Not specified in the available data

• Swap-Free Options:

• Not specified in the available data

• Demo Account Features:

• Available for all account types, allowing traders to practice without financial risk

Advantages of Each Account Type

• Basic Account:

• Low minimum deposit

• Suitable for beginners

• Access to various trading instruments

• Classic Account:

• Tighter spreads compared to Basic

• Higher leverage for more experienced traders

• Suitable for intermediate traders

• Elite Account:

• Best spreads and highest leverage

• EA ROBO allowed for automated trading

• Suitable for advanced traders

Disadvantages of Each Account Type

• Basic Account:

• Limited features compared to higher-tier accounts

• Higher spreads

• Classic Account:

• Requires a higher minimum deposit

• Still limited compared to Elite Account

• Elite Account:

• High minimum deposit requirement

• May not be suitable for casual traders

arena capital Account Opening Requirements

arena capital Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Not specified in the available data
• Prohibited Countries: Not specified in the available data

Identity Verification Documents Needed

• Government-issued ID (passport, national ID)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts

• Not specified in the available data

KYC/AML Compliance Procedures

• Standard KYC (Know Your Customer) and AML (Anti-Money Laundering) checks apply

Verification Time Frames

• Account verification typically takes a few hours to a few days, depending on the completeness of the submitted documents.

arena capital Account Opening Process

Step-by-Step arena capital Account Opening Guide

1. Visit the Website: Go to the Arena Capital website.
2. Click Registration: Find and click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and contact number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account using available payment methods.
9. Start Trading: Once your account is funded and verified, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar across desktop and mobile platforms, though the layout may differ slightly.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Verification takes too long.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from a few hours to a couple of days.

How to Upgrade/Downgrade Account Types

• Users can contact customer support or access their account settings to request an upgrade or downgrade.

arena capital Demo Account Information

arena capital Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice trading strategies without financial risk.
• Access to the same trading platforms and instruments as live accounts.

How to Open a Demo Account

• Visit the Arena Capital website and select the option to open a demo account.
• Fill in the required information and follow the prompts.

Demo Account Limitations

• Limited duration or virtual balance may apply (specifics not provided).

Virtual Balance Amount

• Not specified in the available data.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Not specified in the available data.

arena capital Islamic Account Details

arena capital Islamic Account Details

• Swap-free/Islamic account availability: Not specified in the available data.
• Eligibility requirements: Not specified in the available data.
• Differences from standard accounts: Not specified in the available data.
• How to apply for Islamic account: Not specified in the available data.
• Restrictions or special conditions: Not specified in the available data.

FAQs – arena capital Account Types & Opening

1. What account types does arena capital offer？

• Arena Capital offers Basic, Classic, and Elite accounts.

1. What is the minimum deposit for each account type？

• Basic: $100 - $1,000; Classic: $2,000 - $5,000; Elite: $6,000 - $10,000.

1. How long does arena capital account verification take？

• Verification typically takes a few hours to a few days.

1. Does arena capital offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with arena capital？

• Not specified in the available data.

1. Does arena capital offer Islamic/swap-free accounts？

• Not specified in the available data.

1. What documents do I need to open a arena capital account？

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request an upgrade or downgrade through customer support.