Review summary
Arena Trade has been operating for 5–10 years and is registered in Australia. According to WikiFX data, the broker previously held an Australian Securities & Investment Commission (ASIC) Appointed Representative license, but that license has been revoked, meaning it currently operates without any valid forex trading authorization. Public exposure highlights issues regarding unfulfilled bonus promises and subsequent withdrawal difficulties. Trading conditions include two account types: a Standard Account with a $100 minimum deposit and spreads from 0.1 pips, and a Leveraged Account requiring a $5,000 minimum deposit with maximum leverage of 500:1. The broker’s overall WikiFX score is 1.53, reflecting the absence of credible regulatory oversight. Traders should be aware that operating without a valid license provides no financial recourse in the event of disputes. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-16)
