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ARES FOREX

United Arab Emirates|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

http://www.aresforex.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
Ares-Demo MT4
Server Location United States

Contact

account@aresforex.com
http://www.aresforex.com

Licenses

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

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Broker Information

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Company Name

ARES FOREX

Company Abbreviation

ARES FOREX

Platform registered country and region

United Arab Emirates

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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ARES FOREX · Company Summary

Aspect Details
Registered Country/Area United Arab Emirates
Founded Year 5-10 years
Company Name ARES FOREX
Regulation Not regulated
Minimum Deposit $100
Maximum Leverage Up to 1:500 (Standard & Islamic Accounts), up to 1:1000 (Pro Account), up to 1:2000 (VIP Account)
Spreads From 0.0 pips (Pro & VIP Accounts), from 0.1 pips (Standard & Islamic Accounts)
Trading Platforms Meta Trader 4 (MT4)
Tradable Assets Forex currency pairs, CFDs (stocks, indices, commodities, cryptocurrencies), options, futures
Account Types Standard, Pro, VIP, Islamic
Demo Account Available for free
Islamic Account Available
Customer Support Email: account@aresforex.com
Payment Methods Credit/debit cards, bank transfers, e-wallets
Educational Tools Not mentioned

Overview of ARES FOREX

ARES FOREX, a trading platform headquartered in the United Arab Emirates, has been active for 5-10 years, yet its legitimacy is questionable due to the absence of verifiable regulation. Traders are advised to exercise caution, considering potential risks associated with an unregulated broker.

Market Opportunities span various financial instruments, including FOREX, where a wide array of currency pairs is available. The broker also offers Contracts for Difference (CFDs), options, and futures on stocks, indices, commodities, and cryptocurrencies, catering to diverse trading preferences.

Account Types vary to suit traders' needs. The Standard, Pro, VIP, and Islamic accounts feature different minimum deposits, leverage, and spreads. Utilizing the widely recognized Meta Trader 4 (MT4) platform, ARES FOREX provides access to a user-friendly interface and comprehensive trading tools.

However, negative reviews on platforms like WikiFX underscore concerns about potential risks, including pyramid schemes, unfulfilled profit promises, and difficulties in withdrawing funds. In light of these challenges and the absence of reliable regulation, traders should carefully evaluate the risks before engaging with ARES FOREX.

basic-info

Pros and Cons

ARES FOREX offers a diverse range of trading instruments, including Forex, CFDs, Options, and Futures. The brokerage also provides multiple account types, catering to different trading preferences, such as Standard, Pro, VIP, Islamic, and Demo accounts. Leverage of up to 1:2000 is available for those seeking amplified trading potential. Additionally, ARES FOREX boasts low spreads starting from 0.0 pips. Traders can access a variety of deposit and withdrawal methods. The user-friendly Meta Trader 4 trading platform is offered, equipped with comprehensive trading tools. However, it's important to note that ARES FOREX faces challenges such as the unavailability of its main website, a lack of valid regulation, negative reviews, limited account information, and reported difficulties in fund withdrawals. Customer support channels are also limited. It's advised to carefully consider these factors before engaging with ARES FOREX.

Pros Cons
Wide Range of Instruments: Forex, CFDs, Options, Futures Unavailability of Main Website
Multiple Account Types: Standard, Pro, VIP, Islamic, Demo Lack of Valid Regulation
Leverage up to 1:2000 Negative Reviews and Reports
Low Spreads from 0.0 pips Limited Account Information on Website
Variety of Deposit/Withdrawal Methods Reports of Difficulty in Fund Withdrawal
User-Friendly MT4 Trading Platform Limited customer support channels

Is ARES FOREX Legit?

The absence of valid regulation for ARES FOREX has been confirmed, raising concerns about potential risks associated with trading through this broker. Caution is advised when considering any involvement due to this regulatory uncertainty.

regulation

Market Instruments

FOREX

ARES FOREX offers a wide range of forex currency pairs, including major, minor, and exotic pairs. Some examples of forex pairs offered by ARES FOREX include EUR/USD, USD/JPY, GBP/USD, AUD/USD, and NZD/USD.

CFDs

ARES FOREX also offers CFDs on a variety of assets, including stocks, indices, commodities, and cryptocurrencies. Some examples of CFDs offered by ARES FOREX include Apple, Amazon, S&P 500, Brent Crude Oil, and Bitcoin.

OPTIONS

ARES FOREX offers options on a variety of assets, including stocks, indices, commodities, and cryptocurrencies. Some examples of options offered by ARES FOREX include Apple call options, Amazon put options, S&P 500 call options, Brent Crude Oil put options, and Bitcoin call options.

FUTURES

ARES FOREX offers futures on a variety of assets, including stocks, indices, commodities, and cryptocurrencies. Some examples of futures offered by ARES FOREX include Apple futures, Amazon futures, S&P 500 futures, Brent Crude Oil futures, and Bitcoin futures.

Pros and Cons

Pros Cons
Wide Range of Forex Pairs Limited Types of Market Instruments
Diverse CFD Options, Including Stocks and Cryptocurrencies Limited Information on Market Instrument Offerings
Availability of Options and Futures Trading Limited Information on Market Instrument Characteristics

Account Types

Standard Account:

The Standard Account offered by ARES FOREX features a minimum deposit requirement of $100. It presents spreads starting from 0.1 pips and provides leverage of up to 1:500. Traders using this account type have access to popular trading platforms MT4 and MT5. Commissions are not applicable with this account.

Pro Account:

ARES FOREX's Pro Account necessitates a minimum deposit of $500. It boasts spreads beginning from 0.0 pips and offers leverage of up to 1:1000. Like other account types, it supports trading on MT4. Commissions are not charged for transactions made using this account.

VIP Account:

For those opting for the VIP Account, a substantial minimum deposit of $10,000 is required. This account type showcases spreads from 0.0 pips and provides leverage of up to 1:2000. Trading platforms MT4 are available, and no commissions are imposed on trades conducted through this account.

Islamic Account:

The Islamic Account, with a minimum deposit of $100, adheres to principles that accommodate Islamic finance. Spreads commence from 0.1 pips, while leverage of up to 1:500 is accessible. The trading platforms available are MT4, and as with other account types, no commissions are levied.

Demo Account:

ARES FOREX provides a Demo Account which can be opened without any cost.

Pros and Cons

Pros Cons
Multiple Account Options Higher Minimum Deposit for VIP Account
Varied Spreads and Leverage Limited Information on Islamic Account Features
Demo account available No Mention of Specific Demo Account Benefits

Leverage

ARES FOREX provides leverage options ranging from up to 1:500 for the Standard and Islamic Accounts, up to 1:1000 for the Pro Account, and up to 1:2000 for the VIP Account, catering to diverse trading preferences.

leverage

Spreads & Commissions

ARES FOREX features spreads as low as 0.0 pips for Pro and VIP accounts, and from 0.1 pips for Standard and Islamic accounts. The broker does not impose commissions on any trades.

Minimum Deposit

The minimum deposit requirement for a live account at ARES FOREX is $100.

Deposit & Withdrawal

ARES FOREX offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. The minimum withdrawal is $100. Withdrawals are processed within 24 hours. ARES FOREX does not charge any fees for deposits or withdrawals, but some payment processors may charge their own fees.

Pros Cons
Multiple Deposit/Withdrawal Methods: Cards, Transfers, e-Wallets Potential Payment Processor Fees
Minimum Withdrawal of $100 Limited Mention of Withdrawal Processing Time
No Fees Charged by ARES FOREX Dependency on Payment Processors for Timely Withdrawals

Trading Platforms

Meta Trader 4: ARES FOREX offers the Meta Trader 4 trading platform for Windows users. This platform is widely recognized and used in the industry, known for its user-friendly interface and comprehensive range of trading tools.

trading-platform
Pros Cons
Utilizes Meta Trader 4, a widely recognized and industry-used platform Limited Platform Diversity
User-Friendly Interface for Windows Users Potential Compatibility Limitations
Comprehensive Range of Trading Tools Limited Mobile Access

Customer Support

Customer Support at ARES FOREX can be reached via email at account@aresforex.com for any inquiries or assistance needed.

Reviews

ARES FOREX has received negative reviews on WikiFX, including reports of a pyramid scheme, scams, and fraudulent activities. Traders have expressed concerns about being unable to withdraw their funds and losing money, with promises of high profits being unfulfilled. The reviews highlight instances where individuals have deposited funds but faced difficulties in realizing the promised earnings, indicating potential risks associated with trading through ARES FOREX.

exposure

Conclusion

In conclusion, ARES FOREX, based in the United Arab Emirates, presents a mixed picture of advantages and disadvantages. While it offers a diverse range of market instruments including forex, CFDs, options, and futures, the absence of valid regulation raises concerns about potential risks for traders. The broker provides various account types with differing leverage and spreads, along with a recognized trading platform, Meta Trader 4. However, negative reviews and reports of fraudulent activities, pyramid schemes, and withdrawal issues on external platforms cast a shadow of doubt on the reliability and trustworthiness of ARES FOREX. As such, caution is warranted when considering engagement with this broker.

FAQs

Q: Is ARES FOREX a legitimate broker?

A: ARES FOREX lacks valid regulation, raising concerns about potential trading risks due to regulatory uncertainty. Caution is advised.

Q: What market instruments does ARES FOREX offer?

A: ARES FOREX provides a wide range of forex pairs, CFDs on stocks, indices, commodities, and cryptocurrencies, options, and futures.

Q: What are the account types at ARES FOREX?

A: ARES FOREX offers Standard, Pro, VIP, Islamic, and Demo accounts, each with varying deposit requirements, spreads, and leverage.

Q: What leverage options does ARES FOREX provide?

A: ARES FOREX offers leverage ranging from up to 1:500 for Standard and Islamic accounts, up to 1:1000 for Pro, and up to 1:2000 for VIP.

Q: Are there commissions on trades at ARES FOREX?

A: ARES FOREX does not charge commissions on trades, regardless of the account type.

Q: How much is the minimum deposit at ARES FOREX?

A: The minimum deposit for a live account is $100.

Q: What deposit and withdrawal methods are available?

A: ARES FOREX supports various methods including credit/debit cards, bank transfers, and e-wallets. Withdrawals are processed within 24 hours.

Q: Which trading platform does ARES FOREX offer?

A: ARES FOREX provides the Meta Trader 4 platform known for its user-friendly interface and trading tools.

Q: How can I contact customer support at ARES FOREX?

A: You can reach ARES FOREX's customer support via email at account@aresforex.com.

Q: Are there any concerns or negative reviews about ARES FOREX?

A: ARES FOREX has received negative reviews on WikiFX, including reports of pyramid schemes and fraudulent activities, with traders expressing concerns about fund withdrawal and unfulfilled profit promises.

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