FinexArena Review – Is FinexArena Scam or Legit?
The financial assets market trading place is a broad and versatile one. There are numerous financial assets which investors use to make sizable amounts of profits in the financial assets market. All classes of assets in the financial assets market hold unique profit opportunities, and these opportunities have been explored by various investors to make assets trading an enjoyable one.
The basic principle responsible for profit in the trading market is buying and selling. Financial assets are very volatile in nature, and so their value fluctuates. Investors make a profit from the financial market, either by buying an asset when its value depreciates and selling the asset when its value rises again or selling when the value of the asset appreciates and then buying once more when the value falls. This principle sounds very simple but there are some complexities that surround buying and selling activities in the financial assets market.
The complexities in this financial market are there because of the unstable nature of many financial assets, and because of this unstable nature, it is hard to decide which trade decision to take – buy or sell. The instability of financial assets has caused a lot of traders to lose terribly, huge amounts of money because they did not correctly anticipate future market trends.
There are those who, through years of experience, are able to correctly anticipate future market trends, using analytic tools and other trading tools at their disposal to draw up charts and predict what the future of an asset holds in the trade market. These are called investment brokers.
Investment brokers are agencies that provide a platform through which investors and traders execute their trade actions. Investment brokers are very vital to investors because the experience of the broker can greatly determine how successful an investor will be in his trading career, as this is why an investor must have a proper background check of a broker before committing funds to its platform.
Getting a legitimate and reliable broker, with vast experience in the financial market is a bit of a task, which is worth engaging. The reason for this is that there are numerous investment brokers in the financial market, the majority of who are inexperienced and unreliable. Hence, any trader or investor aiming to make a huge profit from the financial market must endeavour to carefully choose a responsible and legit broker.
FinexArena Review
The choice of a broker can determine how successful an investor or trader will be, as a result of the trading environment, trading tools, financial assets, trading accounts, and other resources provided by the broker to traders on its platform.
Therefore, as an investor or trader in the financial market, your primary aim should be on getting a legitimate broker. Finexarena is one of the investment brokers of the financial assets trade market, and here is a review of its platform.
FINEXARENA AT A GLANCE
| Broker |
Finex Arena |
| Website |
https://www.finexarena.com/ |
| Trading platform |
Mt4 web trader,
Mobile trading applications:
iPhone trader,
IPad trader, and
Android trader
|
| Account types |
Demo Account, Live Account |
| Account Options |
Silver Account, Gold Account, Platinum Account, and Diamond Account |
| Assets coverage |
Forex, CFD (Contract For Difference) |
| Leverage |
1:1 to 1:1000 |
| Trading Tools |
Overnight swaps, Currency Converter, Profit Calculator, Position Calculator, Holidays Calendar, Dividend Calendar, Daily Highs & Lows, and Margin Requirements |
| Deposit options |
Wire transfer, VISA card, Master Card, Bitcoin |
| Education and Training |
Yes |
| Language Options |
English and German Languages |
| Customer Service |
Email, Telephone (available five days a week), Social media channels, and web platform contact form |
| Withdrawal |
Wire transfer, VISA card, MasterCard, and Bitcoin |
Finexarena is an innovative investment brokerage platform that offers a wide range of assets with which an investor can make amazing profits. The Finexarena platform is a professional broker and the services it offers are quite distinct. The assets available on the Finexarena platform are many and they cover a wide range of crypto and forex assets. The Finexarena platform also offers CFD trading opportunities through which investors can make a profit either by an asset loss or an increase in value.
The broker aims to deliver an unparalleled trading experience that offers the most competitive trading conditions available to each and every one of its clients, by allowing them to trade Forex and CFDs on Commodities, Indices and Shares.
Trade security on the Finexarena platform is guided by very strict measures. The platform takes no pleasure in the displeasure of its clients and this is why it uses top-notch security provisions to ensure the safety of its clients’ information.
This investment brokerage platform empowers its clients through the vast educational resources which it has provided on its platform. The educational resources on the Finexarena platform are enough to make anyone a guru of the assets trading market with the right amount of work. The analysis tools available on the Finexarena platform are detailed and well updated. The trading tools are important ways of forecasting future market trends, and they help the trader make proper trade decisions.
Finexarena has two basic kinds of accounts: the demo (or a dummy) account and the live trading account. The live trading account, which is the main trading account on the Finexarena crypto trading platform, has four account options from which traders can choose depending on experience and capital. The account options available on this brokerage platform are to help all kinds of investors benefit from its trading platform.
The support system on the Finexarena platform is quite overwhelming. The customer service agents of this platform are available to attend to clients all round the clock, through several channels – email, telephone, and a contact form. In the same manner, clients of the broker can interact with the broker’s platform, as well as the customer service agents in two different major languages, as the customer agents attend to multilingual queries. The languages are English language and the German language.
The Finexarena trading platform is available both on a web-based trading platform and mobile applications. With the web trading platform, which can be accessed from any internet-enabled device, traders can have complete control of their trades from the comfort of their rooms or office. Likewise, the mobile trading platform ensures that the traders and investors on the broker’s platform can trade on the go, from any location and at any time.
UNIQUE FEATURES OF FINEXARENA
ACCOUNT OPTIONS
This asset trading platform has two basic account options: the demo trading account and the live trading account. These two account options are very resourceful in making successful trade executions because they complement one another.
Demo Account
A demo account is an account option best suited for testing trade actions. This account is pre-credited with some amount of currency by Finexarena. The money on a demo account can only be used to make demo trades; it cannot be withdrawn or sent to another account. The profit realized from demo trades can only be used to make more demo trades and nothing more. Losses made while trading on a demo account is not real because they only depreciate the value of the pre-credited demo currency.
Asides the stakes of a demo account not being real, every other thing related to the demo account represents the assets trade market place. The demo account is especially resourceful for newbie traders as they can use this account to test and get acquainted with the trading environment.
Live Trading Account
The live trading account is the same with the demo trading account in all regards except for the fact that the stakes in a live trade are real. The live trading account requires the trader to credit the account with his/her own money, after which such a trader can execute live trade orders. Because the money on a live trading account comes from the investor, the losses and profits made on live trades also go to the investor.
The profits or losses on a live trading account can be withdrawn, sent to another account, or used to make more live trades. It is, however, advisable to have traded with a consistent record of trade success on a demo account before proceeding to a live account. It is also advisable to test run new trade methods on a demo account before a live account.
The live account on the Finexarena platform has four other account levels.
MULTIPLE LIVE ACCOUNT OPTIONS
The live trading account of the Finexarena platform has four dynamic sub-levels, which cover a wide range of investment and investor classes. The live account options available on the Finexarena platform are listed with some of their benefits in a hierarchical order below.
The Silver Account: With a minimum deposit of $250, the silver trading account of Finexarena is the first and most suitable trading account for beginners of the financial trading market. This trading account has a maximum investment of $50,000. This trading account also comes with a 20 per cent bonus for holders of the trading account. The following are some of the other features of the Silver trading account
- Limited trading signals
- Personal account manager free consultation
- A one-on-one trading session with a market analyst
- 24 Months commitment
- 1.5% interest per month
- One interest withdrawal per calendar year
- Interest withdrawal on an investment account
The Gold Account: This is the second trading account of Finexarena. The Gold trading account has a minimum investment of $10,000 and can be invested up to $100,000. Holders of this trading account have access to 50 per cent bonus on their investment and an executive account manager. Other features of the Gold account are:
- Full trading signals
- Executive account manager consultation
- 5 one-on-one trading sessions with a market analyst
- 12 Months commitment
- 2.5% interest per month
- Interest withdrawals: quarterly
- Interest withdrawal on an investment account
The Platinum Account: The Platinum trading account comes with a minimum brokerage of $50,000, which can be invested up to $250,000. This trading account is suitable for experienced traders. Traders on this account have access to full trading signals. Traders on this account enjoy a 100 per cent bonus on their investment. Other features of the trading account are:
- Full trading signals
- Executive account manager consultation
- Unlimited trading sessions with a market analyst
- 6 Months commitment
- 3.75% interest per month
- Interest withdrawals: once per calendar month
- Interest withdrawal on an investment account
The Diamond Account: The Diamond trading account is the highest trading account of Forex Arena. This trading account has a minimum brokerage of $250,000, which can be invested up to $1,000,000.
Holders of the Diamond trading account enjoy up to 125 per cent bonus on their investments and have access to an executive account manager, as well as unlimited one-on-one trading sessions with a market analyst. Other features of the diamond trading account are:
- Full trading signals
- Executive account manager consultation
- Unlimited one-on-one trading sessions with a market analyst
- 6 Months commitment
- 3.75% interest per month
- Interest withdrawals: once per calendar month
- Interest withdrawal on an investment account
With the opportunities that accompany these trading accounts, the Finexarena trading platform is a gold bag of opportunities for investors.
TRADE AND EDUCATIONAL RESOURCES
Finexarena empowers its clients for the best possible assets trading experience by exposing them to rich educational resources. The educational resources available on the Finexarena platform cover a wide range of subject matters that relate to the assets investment trade market. The educational resources are simple and easy to use for all types of traders. The trade resources available on the Finexarena platform are another way by which this broker helps its clients to achieve optimum trading results. Some of the trading tools available on this platform are Overnight swaps, Currency Converter, Profit Calculator, Position Calculator, Holidays Calendar, Dividend Calendar, Daily Highs & Lows, and Margin Requirements. With all these resources, it becomes almost impossible for any diligent asset investor or trader to fail in the financial market.
SECURITY
The Finexarena trading platform goes the extra mile to secure the funds and the trade orders of its clients through top-notch technological protection mechanisms. Finexarena’s client information is well protected through physical, electronic, and procedural safeguards. This broker has several security policies in place to ensure that the relationship between the company and the clients are well understood and mutual. Some of the policies include the Payment policy, Exchange account policy, Privacy policy, Bonus Policy, Withdrawal and Refund policy, and more.
In the same way, to ensure the security of the funds, data, and investments of the clients, the broker employs the international measures of the Know Your Customers (KYC) and the Anti-Money Laundering (AML) policies. With this measure in place, all the customers of this broker must go through a verification process to ensure that the information supplied to the company is verified, and to monitor the activities of fraudsters.
TRADING PLATFORMS
The Finexarena trading platform is available on several channels, each with its unique qualities, functionalities, and advantages. The trading platform of the broker is available on web-based platforms as well as mobile trading platforms.
The broker has provided the following trading platforms for its users:
- MT4 Web Trader
- iPhone trader
- iPad Trader
- Android Trader
EXCELLENT SUPPORT
Finexarena provides an excellent support system to answer and attend to the queries of its clients. An investor can reach agents of the customer service of the Finexarena platform through email, social media channels, web contact form, and telephone. Agents of the broker’s customer service are available to attend to clients round the clock, and they attend to multilingual queries as well.
DEPOSIT AND WITHDRAWALS
This broker has equally ensured that deposit and withdrawal of funds to and from trading accounts on its platform are easy and simple for its clients. With a wide range of funding options available on its platform, clients of this broker can fund their trading accounts with any convenient option, and not miss out on any trading opportunity. The funding options available on the FinexArena platform include Wire transfer option, VISA card deposit, Master card deposit, and Bitcoin deposit.
Besides, withdrawal of funds and earnings from the clients’ account also follows the same channels as deposits on the FinexArena platform. The clients of the broker can withdraw their earnings through Bank wire transfer, VISA card option, MasterCard withdrawal option, and Bitcoin withdrawal option. Depending on the contract terms and clients’ bank policy, withdrawals are sent to the clients’ account one (1) to fifteen (15) days from when the request is sent.
CONCLUSION
There are many financial investment brokers, but one that stands out among the multitude is the FinexArena platform.
FinexArena understands the unique needs of its clients to stay close to the financial markets and thus provide a comprehensive range of mobile and desktop web platforms to ensure that they never miss a market movement. FinexArena delivers what traders in today’s financial markets need the most.
The services of this broker cut across several areas of the financial market, from fast execution and deep liquidity to automated withdrawals of trading profits and ensuring funds are deposited securely in segregated accounts. Finexarena is geared towards helping its clients with their trading needs, and to have favourable trading experience in the market.
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