ARES FOREX Forex Broker

ARES FOREXReview SummaryFounded2014-12-23Registered Country/RegionUnited Arab EmiratesRegulationUnregulatedMarket InstrumentsForex, Stocks, Indices, Commodities, and CryptocurrenciesDemo Account✅LeverageUp to 1:2000SpreadStarting from 0Trading PlatformMT4(Windows)Min Deposit$100Customer SupportEmail: account@aresforex.comARES FOREX Information ARES FOREX is a broker registered in the United Arab Emirates. ARES FOREX provides various financial instruments including forex, stocks, indices, commodities, and cryptocurrencies. ARES FOREX has 4 account types: standard, VIP, pro, and Islamic accounts. Different accounts set different spreads, deposits, and leverage standards. Regarding fees, the minimum deposit is $100, and the minimum spread starts from 0. In addition, the leverage of ARES FOREX is as high as 1:2000.Pros and ConsPros Cons Wide Range of Instruments: Forex, CFDs, Options, FuturesUnregulatedMultiple Account Types: Standard, Pro, VlP, Islamic, DemoFew contact detailsLeverage up to 1:2000Lack of educational resourcesSpreads as low as 0Is ARES FOREX Legit? ARES FOREX is not regulated and will have security issues.What Can I Trade on ARES FOREX? ARES FOREX provides four types of trading instruments, including forex, contracts for difference (CFDs), options, and futures. These instruments cover currency pairs, stocks, indices, commodities, and cryptocurrencies. ARES FOREX has more trading assets to choose from.Tradable Instruments Supported Forex✔Stocks✔Indices✔Commodities✔Cryptocurrencies✔Account Type ARES FOREX supports demo accounts, which are suitable for novice traders. ARES FOREX still offers 4 types of real accounts: Standard, Pro, VIP, and Islamic Account. Among them, the standard and the Islamic accounts have lower restrictions on traders among the four types of accounts, and the spread deposit and leverage are the same.Account Type Standard AccountPro AccountVIP AccountIslamic AccountMinimum Deposit$100$500$10000$100Maximum Leverage1:5001:10001:20001:500Minimum Spread(pips)0.1000.1Commission freeYesYesYesYesARES FOREX Fees ARES FOREX promotes commission-free and spreads as low as 0, which will reduce traders costs.Leverage The maximum leverage is 1:2000.Trading Platform ARES FOREX uses MT4 (MetaTrader 4) software as its trading platform. ARES FOREX only provides the Meta Trader 4 trading platform for Windows users, which limits the large number of traders who prefer the iOS and Android versions.Trading PlatformSupported Available Devices MT4✔WindowsDeposit and Withdrawal The minimum deposit is $100. ARES FOREX provides deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. Withdrawals will be processed within 24 hours.Customer Support Options ARES FOREX only provides email communication. As we all know, email is not as direct and fast as a phone call, meaning there will be a longer response time when dealing with emergencies.Contact Options DetailsEmail account@aresforex.comSupported Language EnglishWebsite Language EnglishPhysical Address Not mentioned