Arena Trading Overview：
Information on Arena Trading’s official website shows that the company was registered and established in Australia. Query results on the Australian Securities and Investments Commission (ASIC) website show that the company’s registration information is true. Moreover, the query results on the Australian Business Registration Office (ABN Lookup) website show that the company holds an ABN number from the Australian Business Registration Office (ABN Lookup).
Domain Registration of Arena Trading：
According to the domain name registration information of the website queried by Whois, the company’s official website domain name was registered on August 31, 2020, and the domain name registration time has been more than 3 years ago.
Is Arena Trading legit or a scam? Does Arena Trading have any regulatory licenses?
Arena Trading's official website does not provide any regulatory or authorization information. However, according to a search on the website of the Australian Securities and Investments Commission (ASIC), the regulatory body of the company's registered location, Arena Trading holds an Authorized Representative (AR) license (421246) under MGF CAPITAL PTY LTD. It should be noted that the supervision and investor protection provided by an AR license are relatively weak. More importantly, MGF CAPITAL PTY LTD has sold AR licenses to over twenty similar companies, including ARENA TRADE PTY LTD. These companies, including ARENA TRADE PTY LTD, have no actual relationship with MGF CAPITAL PTY LTD. They merely use the AR license purchased from MGF CAPITAL PTY LTD for promotional purposes, which raises suspicions of potential fraudulent activities.
Employees of Arena Trading：
Traderknows didn’t find the employees information of Arena Trading.
Trading Software Provided by Arena Trading：
Arena Trading official website information shows that the company provides investors with MetaTrader4 (MT4) trading software, which supports computer version (Windows/MacOS), Web version and mobile version (IOS/Android). However, in some countries or regions, the Android version of MT4 software cannot be downloaded and installed or the download and installation speed is slow.
Online Reputation and Client Complaints：
According to a search by Traderknows：
Arena Trading is not regulated or authorized by any major regulatory authority. This implies that if the company decides to ignore your requests or suspends your account over trivial matters, withdrawing funds from the company will be a challenging process. Additionally, based on research conducted on various social media platforms and online trading forums, users generally express dissatisfaction with their experiences with Arena Trading. Therefore, investors should exercise extra caution before investing through its brokerage platform.
Trading Products Provided by Arena Trading：
Information on Arena Trading’s official website shows that the company provides investors with trading services in foreign exchange, commodities, and indices. However, the Arena Trading official website does not provide specific trading products covered by foreign exchange, commodities, and indices, nor does it provide key information on spreads, commissions, overnight interest, margin ratios, and trading hours of specific trading products.
Contact Information：
Investors can contact Arena Trading through：
- phone
Website Traffic of Arena Trading：
Arena Trading's website traffic is relatively low compared to larger brokers, and generally, lower traffic indicates that the company has fewer users and lacks corporate strength.
Conclusion：
Arena Trading is registered in Australia, but the regulatory information is unclear, the authorized representative license it holds has weak supervision, and there are investor protection issues. The company purchased authorized representative licenses from other businesses and had nothing to do with those businesses, thereby committing fraud. User feedback is generally unsatisfactory, and the company's lack of regulation can lead to difficulties in withdrawing funds. The information on trading products is not transparent and there are potential risks. Because Arena Trading is marked as "suspected fraud" on Traderknows, Traderknows reminds investors to treat it with caution.
