ARFX Forex Broker

ARFX Review SummaryFounded2003Registered Country/RegionSaint LuciaRegulationASIC (regulated), FSCA (general registration)Market InstrumentsForex, Metals, Cryptocurrencies, Energies, Stocks, IndicesDemo Account✅LeverageUp to 1:500SpreadFrom 1.8 pips (Standard account)Trading PlatformMT4Minimum Deposit$50Customer SupportLive chat, Contact FormRegional RestrictionsThe United States of America (USA), the Democratic Peoples Republic of Korea (DPRK)ARFX Information Registered in Saint Lucia, ARFX operates as a Financial Service Provider (FSP). The initial deposit on this platform is $50. Traders on this platform get access to three types of trading accounts and a demo account. Its market instruments cover Forex, Metals, Cryptocurrencies, Energies, Stocks, and Indices. Unfortunately, ARFX doesn't provide its services to a number of regions.Pros & ConsProsConsRegulated by ASICRegional restrictionsDemo accounts availableLimited contact channelsThree types of live accountsNo MT5MT4 supportedLong operation timeVarious tradable assetsNo commission feesIs ARFX Legit? Yes. ARFX operates as a legitimate trading platform, regulated by two key authorities:Australia Securities & Investment Commission (ASIC) – Holds an Appointed Representative (AR) license.Financial Sector Conduct Authority (FSCA) – Maintains a Financial Service Corporate license (general registration).Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberAustralia Securities & Investment Commission (ASIC)RegulatedARENA TRADING TECHNOLOGY PTY LTDAppointed Representative (AR)001306061Financial Sector Conduct Authority (FSCA)General RegistrationAR GLOBAL (PTY) LTDFinancial Service Corporate54007What Can I Trade on ARFX? ARFX's market instruments cover forex, metals, cryptocurrencies, energies, stocks, and indices.Tradable InstrumentsAvailableforex✔metals✔energies✔indices✔stocks✔cryptocurrencies✔bonds❌options❌ETFs❌Account Type ARFX exclusively provides three types of live accounts on its platform, each of which comes with unique trading conditions.Account TypeStandard AccountPro AccountECN AccountMinimum Deposit$50$50$50Maximum Leverage1:5001:5001:500SpreadFrom 1.8 pipsFrom 1.3 pipsFrom 0.1 pipsMargin Call100%100%100%Dedicated Account Manager❌❌✔Stop Out50%50%50%Commission❌❌❌ On top of the live accounts, ARFX also offers a demo account for traders to test the platform without risking actual money.Leverage ARFX offers a leverage ratio of up to 1:500 for all its account types, which indicates that traders can open positions up to 500 times the value of their account balance.Fees All three of the live accounts are free of commission according to ARFX. ARFX claims to have eliminated swap fees for most of its instruments, including majors, cryptos, and gold. Meanwhile, ARFX claims to cover traders' third-party transaction fees.Trading Platform On ARFX, traders get access to MetaTrader 4 (MT4), which is a multi-asset platform for trading forex, stocks, futures, and CFDs. Furthermore, it features advanced charts, technical indicators, and flexible order types (market, pending, stop, trailing stops).Trading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5❌/Experienced tradersDeposit & Withdrawal ARFX provides 3D Secure payments for all major credit cards, such as Visa and Mastercard. Note: Traders must use their own personal payment accounts for deposits and withdrawals. ARFX will not accept direct payments or payments to or from third parties.