Arena Caps Fx is a Contract for Difference (CFD) broker officially registered on December 24, 2023. The broker primarily offers users a wide range of trading markets through the MT5 trading platform and its corresponding mobile applications, including forex, commodities, stocks, indices, bonds, cryptocurrencies, and more.
Company Registration Information and Regulatory Status:
Public information on the official website of Arena Caps Fx reveals that it has two corporate entities, Arena Caps Fx UK plc and Arena Caps Fx German GmbH, both of which are regulated.
Upon verification, the official website of the UK Financial Conduct Authority (FCA) does not list a regulated entity named Arena Caps Fx UK plc, and the Federal Financial Supervisory Authority (BaFin) of Germany also does not list an entity named Arena Caps Fx German GmbH. Furthermore, the name displayed on the broker's official website registration page is “ANF MARKETFX”.
Therefore, Arena Caps Fx is suspected of false advertising and is an unregulated scam brokerage website. In addition, the web design of the broker's official site is identical to that of scam broker websites such as Arena Capital Fx, Arean Capitals, Arean Global X, and Anf market Fx, all originating from a unified template.
Account Opening:
To open an account with Arena Caps Fx, visit the homepage of the broker's official website and click on “Start Trading” or the “Open Account” button at the top right of the webpage. Fill in personal information such as name, email address, phone number, and set a login password to submit the form. Once approved, the account will be successfully registered.
Trading Accounts:
Arena Caps Fx offers four different types of trading accounts: MICRO, MINI, PREMIUM, and SUPER PREMIUM.
MICRO:
- Minimum initial deposit: 100 USD
- Spread: 1.7 pips
- Minimum trade volume: 0.01 lots
- Trading commission: None
- Leverage: 1:400
- Margin call level: 50%
- Stop out level: 30%
- EA allowed: No
- Swap fees: Yes
MINI:
- Minimum initial deposit: 500 USD
- Spread: 1.5 pips
- Minimum trade volume: 0.01 lots
- Trading commission: None
- Leverage: 1:500
- Margin call level: 50%
- Stop out level: 30%
- EA allowed: No
- Swap fees: Yes
PREMIUM:
- Minimum initial deposit: 2000 USD
- Spread: 1 pip
- Minimum trade volume: 0.01 lots
- Trading commission: None
- Leverage: 1:1000
- Margin call level: 50%
- Stop out level: 30%
- EA allowed: Yes
- Swap fees: Yes
SUPER PREMIUM:
- Minimum initial deposit: 5000 USD
- Spread: 0.3 pips
- Minimum trade volume: 0.01 lots
- Trading commission: None
- Leverage: 1:2000
- Margin call level: 50%
- Stop out level: 30%
- EA allowed: Yes
- Swap fees: Yes
Trading Platform:
The official website of Arena Caps Fx claims to offer the MT5 trading platform to its users, however, it does not provide a download link, and the MT5 platform does not list a broker named Arena Capital Fx.
Deposits and Withdrawals:
For deposits, Arena Caps Fx does not accept third-party payments; for withdrawals, users can use bank wire, credit/debit card, Visa, MasterCard, Paypal, Neteller, Skrill, among other methods.
Conclusion:
Traderknows reminds investors that Arena Caps Fx is essentially a suspected fraudulent broker website that engages in false advertising and operates without any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
