Ether Arena Forex Broker

Note: Ether Arena's official website: https://ether-arena.com/ is currently inaccessible normally.Ether ArenaReview SummaryFounded2023Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, indices, stocks, commodities, stock CFDs, metalsDemo Account✅Leverage/SpreadFrom 2.4 pipsTrading PlatformMT4, SirixMin Deposit$250Customer SupportPhone: +44 1213 14 3345Email: support@ether-arena.comAddress: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960Ether Arena Information Ether Arena presents itself as an online forex trading broker registered in the Marshall Islands that claims to provide its clients with various tradable financial instruments with variable spreads from 2.4 pips and commissions as low as 0 via the leading MT4 and Sirix trading platforms, as well as a choice of three different real account types. However, the minimum deposit requirement is as high as $250, and it does not hold any valid regulations.Pros and ConsPros Cons Various trading productsNo regulationUnavailable websiteWide spreadsHigh minimum deposit requirementIs Ether Arena Legit? No. It is registered in the Marshall Islands, which is filled with scammers and shady companies. It does not offer guaranteed funds or segregated accounts, and is warned by CNMV.What Can I Trade on Ether Arena? Ether Arena advertises that it offers access to a broad range of markets across six asset classes, covering forex, indices, stocks, commodities, stock CFDs and metals.Tradable Instruments Supported Forex ✔Commodities ✔Metals ✔Indices ✔Stocks ✔Stock CFDs ✔Cryptocurrencies❌Bonds❌ETFs❌Account Type Apart from demo accounts, Ether Arena claims to offer three types of real trading accounts, namely Mini, Premium and VIP. The minimum initial deposit amount is $250 for the Mini account, while the other two account types have much higher minimum initial capital requirements of $300 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.Account TypeMin DepositMINI$250PREMIUM$300VIP$50,000Leverage The broker has not clearly provided the leverage it offers.Ether Arena Fees Ether Arena claims that it offers variable spreads from 2.4 pips and the commission is as low as 0.Trading Platform Platforms available for trading at Ether Arena are said to be the advanced MT4 and Sirix. However, the MT4 software seems to be fake ones. Take care!Trading PlatformSupported Available Devices Suitable for MT4✔/BeginnersMT5❌/Experienced tradersSirix✔//Deposit and Withdrawal The broker accepts payments done via Visa, Maestro, UnionPay, MasterCard, SAFECGARGE and Webmoney. The minimum initial deposit requirement is said to be $250, while there is no mention of what the minimum withdrawal amount is. No minimum withdrawal amount defined and no fees or charges specified.