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FX Arena Forex Trading Contests Platform FXArena com

Join the Active Trader program to enjoy waived bank fees for your wire transfers. Designed for instant control wherever you are, enjoy one-swipe trading, intelligent buy/sell signals, and a customizable layout to suit your trading style. By opening an FX Arena Account, you can gain full access to the FX Arena and take part in as many contests as you like, as often as you like.

But throughout all that time we’ve remained steadfast, providing traders with the stability and opportunities they need to make their mark on the financial markets. Flexible account types give you the option of choosing a pricing model that best suits your trading style. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. While the broker states that participants can choose the type of instruments, they wish to trade in each tournament, unfortunately no further information is provided with regards to the selection of available instruments. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc.

Hence, although no deposit bonuses are a fantastic way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile. For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened. Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur. The prize received by the winner will then be deposited into his FX Arena account, from which it could be withdrawn any time.

Since the broker is set up as a facilitator of online Forex tournaments, it is unlikely that it would participate in awards schemes. The forex market is open for trading 24-hours a day from 10pm on Sunday to 10pm on Friday. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a foreign holiday. Increase your knowledge and gain valuable insight with our complimentary suite of in-depth educational articles detailing all aspects of forex trading.

When is the forex market open for trading?

Calculate the foreign exchange rates of major FX currency pairs using our free currency converter. Forex trading is the act of speculating on the movement of exchange prices by buying one currency while https://forexarena.net/ simultaneously selling another. Since 2001, FOREX.com has made its name by providing the most reliable service and powerful platforms to allow our customers to trade to their fullest capabilities.

This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform. Yes, FX Arena offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform. Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

• It is actual stock market indexes which measures the value of a specific section of a stock market.
• But throughout all that time we’ve remained steadfast, providing traders with the stability and opportunities they need to make their mark on the financial markets.
• Everybody is entitled to participate in the Big Free Forex Contest, starting on Monday every week for free.
• At the time of writing, the FX Arena customer support portal was inaccessible, and only becomes available during Forex tournaments.
• We have over two decades of experience in providing innovative products and helping traders achieve their goals.

Our platforms are well-equipped to handle the spontaneous market stimulation that comes with each piece of breaking news worldwide. FX Arena is a forex trading contest platform featuring daily non stop 24/5 contests and competitions. Enjoy Unlimited Contests with the FX Arena innovative unique user-friendly interface that makes easy to get started and take part. No, due to the trading tournament format of the broker’s operations, trading fees such as commissions will not apply in this case. So, while there are no traditional bonuses available for loyal customers, the broker runs regular contests of which it could be argued resemble online poker tournaments in some respects.

Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. Due to the trading tournament format of the broker’s operations, trading fees such as commissions will not apply in this case. To enter any of the contests available from within the FX Arena, traders must open an account with the broker and purchase a ticket for the tournament.

H-F Park District Programs

The Big Big is our flagship event with a guaranteed prize pool of at least $50,000. This is however, just the beginning because as more traders register to take part, the prize pool will keep growing with no limits on how big it can get. Kindly note that the FX Arena is not available for trading contests any longer. Hereby, we would like to express our thanks to all those who took part in all trading contests available on the FX Arena. FX Arena members own the right to choose which type of contest and how much they are willing to pay for a ticket in the FX Arena platform.

When choosing a broker, one of the benchmarks against which to measure safety and client fund safety and security, is to establish which regulating authorities oversees the operations of the broker. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes which measures the value of a specific section of a stock market. The European Securities and Markets Authority has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs. The spread is the difference between the bid and the ask price, which is expressed in pips, which is the smallest increment that a price can move either up or down. Traders registered as FX Arena members will be able to participate in these contests without having to pay anything.

As such, it is not clear as to which currencies, particularly smaller currencies such as ZAR/Rand, will incur conversion fees. Trading tournaments from FX Arena are conducted from one single type of account. FX Arena warns that margin trading involves the potential for profit as well as the risk of loss.

As such, traders who choose to sign up with this broker should be advanced or professional traders who are willing to undertake the risk of partaking in an unregulated Forex trading tournament. Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives. The Big Free is a hugely popular contest with traders worldwide because it pays out real cash prizes, and yet is entirely free to enter. The contest has a duration of 4 days and allows late registrations within the first 2 days after it has started. Everybody is entitled to participate in the Big Free Forex Contest, starting on Monday every week for free. It’s perfect for people to put their trading skills to the test, without any risk.

MARKETS, PRODUCTS, AND INSTRUMENTS

Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms. A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. As such, FX Arena attempts to combine online gaming with Forex trading, in which forex traders who join the Arena could compete in any demo trading contest among the many it holds, with real withdrawable prizes. We offer sophisticated trading tools, competitive spreads and exceptional execution quality on over 80 currency pairs.

As part of a NASDAQ-listed company, we’ve got financial strength and security you can depend on. However, there are times when the market is much more active, and times when it is comparatively dormant. Take advantage of one-on-one guidance from our market strategists to develop and maintain a strong trading strategy.

Differentiating itself from ordinary demo contests provided by Forex brokers, FX Arena allows traders to participate in numerous contests simultaneously. Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer. No, FX Arena is suited to advanced traders forex arena who are skilled enough in trading to be able to successfully participate in a high-risk trading tournament. To assist in their trading endeavours, brokers offer traders with a variety of trading tools which can be used to refine their trading. A trading platform is a type of software which is used through which trading can be executed.

Market-leading FX pricing

With FX arena, interested traders will not be directed to a demo account, but instead to a demo platform that will allow them to test the trading features provided to compete in the broker’s regular trading tournaments. With FX Arena, traders are granted one single account type from which they can enter Forex tournaments. The account provides them with access to the MetaTrader 5 platform and its advanced suite of trading features.

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Not operating as a Forex broker in the traditional sense, FX Arena hosts online Forex tournaments in which multiple players can trade against each other in the hopes of winning big cash prizes. Education refers to all the learning material and tools offered by brokers which is imperative for traders in their trading activities, especially beginners. It provides traders with the necessary knowledge that they will need to become successful traders. This makes the broker a very risky option for most traders, particularly due to the tournament nature of its offering.

Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return. With the One-Click Trading function and the Market Depth option, users can buy and sell currency pairs, equities, and futures with just one click. Advanced Market Depth feature (with a tick chart and Time & Sales information), a separate accounting of orders and trades, the support of all types of trading orders, and execution modes. No, unfortunately FX Arena is not regulated, and therefore the security of traders’ funds cannot be guaranteed in any way.

To participate in an FX Arena trading tournament, traders need to buy tickets. A part of the ticket will go on to the prize pool, while the other half will go on to pay the royalty. FX Arena seeks to position itself as the pioneer of online forex contests globally. Prior to its establishment, the arena existed as special trading contest arena for XM forex broker clients. Overflowing with opportunities, 24-hour and no commissions with tight spreads for a standard account – see why forex is the most traded market in the world. As a globally traded market, the foreign exchange market is open 24 hours a day, five days a week .

Enjoy a suite of powerful, industry-leading platforms and get the popular charting program TradingView for free. Spreads will vary based on market conditions, including volatility, available liquidity, and other factors. Typical Spreads may not be available for Managed Accounts and accounts referred by an Introducing Broker. Apart from the inbuilt technical indicators and analytical tools available on the MetaTrader 5 platform, FX Arena does not appear to offer any independent research tools or analytical resources. Ripple is popular among big banks with the Ripple network a next generation real-time gross settlement system.