Note: For some unknown reason, we cannot open Live Fx Arenas official site (https://livefxarena.live/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
Live Fx Arena is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with leverage up to 1:500 on the MT5 trading platform, as well as a choice of three different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, etc.
As for regulation, it has been verified that Live Fx Arena does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.19/10. Please be aware of the risk.
Market Instruments
Live Fx Arena advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
Live Fx Arena claims to offer three types of trading accounts, namely Starter, Classic and Platinum, with minimum initial deposit requirements of $1,000, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
Live Fx Arena claims to offer a maximum leverage of up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
The platform available for trading at Live Fx Arena is the industrys leading MetaTrader5. 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.
Deposit & Withdrawal
Live Fx Arena appears to work with numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, PayPal, Skrill, and Neteller. Without access to its official site, we cannot say what kind of payment methods are available with the broker. The minimum initial deposit requirement is said to be as high as $1,000.
Customer Support
Live Fx Arenas customer support can be reached by telephone: +442081570920, email: support@livefxarena.live. Company address: Wenlock Road 20-22 N1 7GU London, United Kingdom.
Risk Warning
Online trading involves significant 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.
