FinexArena Review – Trade with Complete Self-Confidence

Rapid technological advancement and progress in the global financial market have led to an explosion of interest in the world of digital trading. These days, the niche has seen a number of developmental projects that have been aimed at developing unique platforms that can accommodate the demand of all traders across the globe. The financial markets are full of opportunities and trading gives everyone the chance to take advantage of them and fatten their bank accounts as there are low barriers to entry. Online trading offers a lot of conveniences and features and enables everyone to generate solid returns while continuing with their day job. 

However, every aspiring trader is first tasked with finding a broker for beginning their trading journey. Brokerages act as your partners and connect you to the markets via their trading platform and provide trading tools and features to help during the process. Due to the popularity of online trading, the number of brokers in the market has increased tenfold in the last few years. But, you need to understanding that finding a secure broker is paramount. There are plenty of brokerages in the market that only make big claims, but when you test them out, then you realize that they are not even half as good. 

Apart from that, there are also scam brokers offering their services in the market and a lot of people have fallen victim to them. No one wants to have their money and identity stolen and only want to make profits via trading. To do so, they need a broker they can trust completely and can enjoy impeccable services. In order to choose a broker, you need to take a close look at their services and features because only then can you verify if they are a good option or not. There are some brokers that only cater to experienced traders and those that have tailored their platforms for beginners. 

You need to ensure that the broker you are choosing can fulfill your needs and aid you in profiting from the trading opportunities in financial markets. One of the most comprehensive options that you will come across during your research is FinexArena. This brokerage was first introduced as a manager for venture capital funds and was developed by a group of former, experienced traders themselves. Over the years, FinexArena has built a strong and positive reputation and has been certified trustworthy by numerous professional traders all around the world. 

One of the most reassuring thing about FinexArena is that it is not a new brokerage. It has been around in the market for a couple of years and has provided institutional and retail investors with great opportunities to have survived and succeeded. The broker is recognized globally for using the most advanced and sophisticated technology to provide a flexible trading platform, cutting edge trading tools and other services to its clients. The question is, does it succeed in doing so? Can it deliver a positive and profitable trading experience? The only way to get answers to these questions is by closely looking at the broker.

Overview of FinexArena

In 2018, the demand for reliable and innovative trading platforms for trading forex currencies, cryptocurrencies and other financial instruments was on the rise. As such, FinexArena was introduced in the market to serve the purpose of global financial inclusion. To accomplish this goal, FinexArena has introduced web and mobile trading solutions for traders. The broker introduced its own mobile app for Android and iOS platforms that can work for smartphones and tablets. As for the web-trading platform, it has been designed with an intuitive interface for simplified trading. 

However, one of the most prominent things to know about FinexArena is that the broker has managed to eliminate the biggest hurdle in terms of crypto adoption; a safe and regulated trading environment. The unregulated nature of cryptocurrencies gives rise to a lot of risks, which are amplified due to market volatility. FinexArena offers a regulated platform to allow crypto traders to participate with complete peace of mind. Along with cryptocurrencies, the broker gives its clients the option of trading more than 200 instruments that can be quite handy in portfolio diversification. At FinexArena, both beginners and professional traders will find the features and tools they need for trading confidently. 

A Safe Trading Environment at Finex Arena

Safety is paramount nowadays because of the increase in cybercrimes. Every other day, there is news about brokers or exchanges getting hacked and investors lose their money and their identity. Thus, it is essential for traders to ensure that the broker they choose can provide them a secure trading environment. FinexArena is a regulated broker, which means that it is governed by reputable regulatory organizations and is subject to rules and regulations. These regulations include using appropriate security measures and implementing a privacy policy for the safety of their clients.

FinexArena is aware that digital platforms are quite vulnerable and so they have to take the necessary measures for keeping their network and systems safe. Subsequently, they use the highest standards of encryption for keeping all data safe from prying eyes, particularly information that has been entrusted to them by their clients. Likewise, they have opted for two-factor authentication (2FA) for keeping trader accounts’ secure and to minimize the risk of them being compromised. Customer funds, on the other hand, are kept in segregated accounts and this means they will stay safe even in the broker files for bankruptcy. 

The funds cannot be used by FinexArena for any of their activities and are kept with the top investment banks for added security. Other than that, compliance with the KYC (Know Your Customer) and AML (Anti-Money Laundering) is also part of FinexArena’s policies because it is a regulated broker. Under the KYC policy, anyone who chooses to open an account with the broker will have to provide documentation to prove their identity and address. For identity, any form of government-issued ID is needed like ID card, driver’s license or passport. For address, a utility bill, residence permit or bank statement is needed. 

The AML policy is aimed at preventing any financial crimes being conducted via the broker. FinexArena requires traders to provide documents that show their source of income. Also, they have to submit their credit card pictures if they intend to use it with the broker. 

Diverse Financial Products Offered by FinexArena

The financial products offered by a broker are an important factor to consider because you need to ensure the assets you want are available. If a broker is not offering the instruments you want to trade, there is no point in going through the process of signing up with them. Lots of brokers claim to provide a variety of investment products, but they don’t really live up to their claims. FinexArena is not one of these brokers because it is dedicated to ensuring that its traders can maximize their profits. To make it happen, the broker has added more than 200 financial products to its platform.

When you open an account with FinexArena, you can trade in the forex market, shares, commodities and indices. The broker offers Contract for Difference (CFD) trading, which means that rather than buying the actual asset, traders invest in contracts of those assets and bet on their price movements. In this form of trading, you can earn as many profits as possible through market analysis and making predictions accordingly. There are people who may consider CFDs riskier because it can be difficult to predict price movements accurately. 

However, the good thing about FinexArena is that it provides its clients access to some of the top trading tools in the market that can come in handy in making these predictions. These tools can be used for monitoring the market and tracking any news and updates that might influence prices. Moreover, FinexArena has kept up with the financial markets and have also added cryptocurrencies to their investment products, considering how much they are in demand. It wants to ensure that their clients can diversify their portfolio as per their comfort and keep their risks at a minimum. 

To counter their un-regulated status, FinexArena has developed a regulated and secure environment where traders can invest in more than 29 cryptocurrencies. These include the top options like Bitcoin, Litecoin and Ethereum and other not so widely recognized options like Ripple, Stellar and Cardano. 

Cutting Edge Trading Platforms at Finex Arena

FinexArena understands that an advanced trading system is required by traders for investing in multiple investment products and creating a broad portfolio. The only way trading avenues can become accessible is if there is an appropriate cutting edge trading platform that can be used by clients for making their investments. Hence, the brokerage has come up with various trading platform solutions to accommodate traders with varying needs and trading experiences. The most important thing to know about FinexArena is that it has opted to add the suite of the top trading platform that exists; MetaTrader 4. 

If you speak to any experienced trader, they will tell you that the MT4 is the gold standard in the world of trading because it is equipped with some of the most sophisticated tools and has the ideal interface that makes trading smooth and easy for everyone, whether newbies or skilled traders. The different options that you will come across are:

• Android Trader

First and foremost, FinexArena provides traders the option of downloading the MT4 application for their Android devices, whether smartphones or tablets. Just because it is an app doesn’t mean that it doesn’t provide proper functionality and tools as a full-fledged trading platform. The app allows traders to make use of three different chart types and 30 custom technical indicators. Traders can check both historical as well as current information regarding profit and loss levels, get quotes, know order status and other information that all assists in decision making. The mobile trading platform also boasts a customer support system that can be used for getting assistance immediately, when needed. 

• iPhone and iPad Trader

Similar to Android, FinexArena also provides traders the iOS MT4 mobile app that works on iPhones and iPads and delivers exceptional performance. The app boasts a toolbox widget that allows you to keep track of your current orders, check your trading history, email, open trades and other essential information. The app also has technical tools and gives you access to the latest information in real-time. You can find multi-lingual options, which makes it easy for traders all over the world to use the app. 

• MT4 WebTrader

Along with the mobile options that give flexibility to traders, FinexArena has also added the MT4 WebTrader to their trading platform offerings. The beauty of this particular solution is that it doesn’t require traders to download and install anything. All you have to do to access this trading platform is use your web browser. This can be on any device that supports web browsers, whether laptop, PC or mobile phone and has an internet connection. The trading platform provides detailed information that can be used for performing market analysis and allows you to implement your trading strategies easily and effectively and see their results reflected in real time. 

The Multitude of Account Options at FinexArena

Signing up with a brokerage implies that you have to open a trading account with them. This is no different when it comes to FinexArena. The brokerage has developed a multitude of account options, each of which are created for a unique class of trader. No two traders are the same and everyone has different needs and preferences. The account options differ based on their deposits, features and services and traders are given the freedom of choosing one that suits their risk tolerances the most. The choices that you will find at FinexArena are:

• Silver Account 

The account offerings begin with the silver account at FinexArena, which is the most basic choice and is for newcomers in the market. Traders have to deposit a minimum of $250 for opening this account and the maximum amount that can be invested is $50,000. The account gives the user a bonus of 20% and 1.5% interest rate is offered for a total of 2 years. Since it is a basic account, trading signals are limited, but a free consultation is offered with a personal account manager. They also get a one-on-one trading session with a skilled market analyst. 

• Gold Account 

The second account option offered by FinexArena is for traders who have some experience and are not completely new. To open this account, a minimum deposit of $10,000 is required while a maximum deposit of $100,000 can be made. Opting for this account gives users complete access to the trading signals on FinexArena. An executive account manager is also available with this account and can help traders in managing their portfolios. The interest rate for this account is 2.5% and this is on a monthly basis and withdrawals can be made quarterly. 50% account bonus is available and five sessions can be availed with a market analyst.

• Platinum Account 

Designed for intermediate and skilled traders, the Platinum account by FinexArena can be opened with a minimum deposit of $50,000 and you can invest as much as $250,000 in it. Executive account managers are available with this account and now the sessions with the market analyst are unlimited. The account bonus is now increased to 100% and traders can get an interest of 3.75% through it.

• Diamond Account 

The last account option at FinexArena is aimed at professional traders and you can open it by depositing a minimum of $250,000. As far as the maximum investment is concerned, you can go as high as $1 million. Since it is for the pros, the account comes with unlimited trading signals and the interest rate here is also 3.75%. As far as bonus is concerned, traders will receive 125%, which is great incentive. 

Other than these account choices, FinexArena also offers a fixed account to its clients that provides them with fixed spreads. This is quite helpful because traders will know exactly how much they will earn when entering a trade. It allows them to make more accurate trading decisions. The best thing about this account is that it gives traders very competitive rates when trading currencies, allows easy communication with account managers and the bonuses are also quite flexible. 

Traders have the option of using the fixed account for trading forex, commodities, shares, metals and indices CFDs and can use the trading platform of their choice. The leverage offered in this account is 1:400 and the minimum deposit required is $250 and additional deposits of $50 can be made. 

Extensive and Thorough Educational Resources at FinexArena

One of the strongest and most appealing aspects of FinexArena is the educational resources they have provided to their clientele. This feature benefits not just new traders, but also professional and skilled traders. Having proper trading education can make a big impact on the outcome of your trades. It allows you to make better and more accurate trading decisions and develop better and more effective strategies that can lead to profitable trades. But, it is essential for traders to have access to the latest and accurate information to do so.

This is where FinexArena steps in and provides traders with extensive and thorough educational resources that can be extremely valuable for them. You will come across e-books, webinars, videos, tutorials and online courses. The webinars are conducted by experts who possess a great deal of knowledge about the market and can help traders in eliminating mistakes and perfecting their trading strategy. 

Easy Banking at FinexArena 

Traders need to deposit money in their account with FinexArena to start trading, but how do you do that? This is where you need to check out the banking methods that a broker offers and FinexArena has provided diverse choices because they are catering to global traders. Traders can easily find an option that allows them to deposit and withdraw funds at their convenience and without costing them a lot of money. The multiple banking options that you can explore include credit and debit cards, such as Visa and MasterCard. You can also use the conventional wire transfers or the modern wallet options that offer speedy deposits and withdrawals. 

If you go with wire transfers on FinexArena, there is a minimum deposit of $100 and withdrawal will depend on your portfolio. It takes anywhere between 2 and 15 working days for the transaction to be processed and there are no charges for deposits or withdrawals via this method. If you opt for cards, the minimum deposit remains the same and no fee is applicable here either. Deposits via card are very quick as it takes only half an hour for them to be processed whereas withdrawals will take between 2 and 15 days. When it comes to wallet, the deposit requirement remains constant. The transaction is processed instantly when you add funds and withdrawals are made on the same business day. 

The Prompt and Active Customer Support at FinexArena

It is natural for traders to have problems during the trading process. They could get stuck somewhere or need assistance. In this situation, they need the help of customer support and FinexArena has gone to great lengths to ensure that their clients will always have someone to respond to them. First off, their customer support representatives are very prompt and will answer you straight away. They are also available round the clock and are highly qualified to provide the required answers. All you have to do is visit the Contact Us page on the brokerage’s website and you can get in touch with them. 

Bottom Line 

After considering the various aspects of FinexArena, it is easy to see why this brokerage is the top choice for traders, regardless of their background. With this broker, everyone can trade confidently and even take risks because they are assured of the secure environment and excellent trading platform and tools.