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Score

1.24 /10
Danger

Ether Arena

Marshall Islands

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

License Index 0.00
Business Index 4.93
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
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Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Contact number

English

+44 1213 14 3345

Broker Information

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Company Name

Ether-Arena Ltd

Company Abbreviation

Ether Arena

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2023-06-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Ether Arena · Company summary

General Information & Regulation

General Information & Regulation

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 on the leading MT4 and Sirix trading platforms, as well as a choice of three different real account types. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Ether Arena does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.09/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

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.

Market Instruments

Account Types

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 Types

Spreads & Commissions

Ether Arena claims that it offers variable spreads from 2.4 pips and the commission is as low as 0.

Trading Platform Available

Platforms available for trading at Ether Arena are said to be the advanced MT4 and Sirix. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

From the logos shown at the foot of the home page on Ether Arenas official website, we found that this broker seems to accept numerous means of deposit choices, consisting of 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.

Deposit & Withdrawal

Bonuses

Ether Arena states that there is a difference between the profits made with the money that was deposited by the client and the profits that were made with the bonus they were assigned. The latter is not able to be withdrawn at all.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Bonuses

Customer Support

Ether Arenas customer support can be reached by telephone: +44 1213 14 3345, email: support@ether-arena.com or send messages online to get in touch. Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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FX1209350266
more than one year
My friend told me that he was defrauded by this Ether Arena, and he cant get deposited funds back. I feel sorry for him, and he won’t encounter this scammer if he listened to me. Here is one of my advice: Don’t trade with young and unregulated brokers.
2023-02-15 13:45
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志强
more than one year
The company's website is no longer available so there is no need to waste time here. I haven't seen anyone saying that they were cheated so far, I hope it's not a scam company.
2022-12-16 17:21
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