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No Regulation
Score
1.57 /10
Danger
ARES FOREX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 2
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.49
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
2 pieces of exposure in total Pyramid scheme complaint
Expose| ARES FOREXReview Summary | |
| Founded | 2014-12-23 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Indices, Commodities, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0 |
| Trading Platform | MT4(Windows) |
| Min Deposit | $100 |
| Customer Support | Email: account@aresforex.com |
ARES FOREX Information
ARES FOREX is a broker registered in the United Arab Emirates. ARES FOREX provides various financial instruments including forex, stocks, indices, commodities, and cryptocurrencies.
ARES FOREX has 4 account types: standard, VIP, pro, and Islamic accounts. Different accounts set different spreads, deposits, and leverage standards. Regarding fees, the minimum deposit is $100, and the minimum spread starts from 0. In addition, the leverage of ARES FOREX is as high as 1:2000.
Pros and Cons
| Pros | Cons |
| Wide Range of Instruments: Forex, CFDs, Options, Futures | Unregulated |
| Multiple Account Types: Standard, Pro, VlP, Islamic, Demo | Few contact details |
| Leverage up to 1:2000 | Lack of educational resources |
| Spreads as low as 0 |
Is ARES FOREX Legit?
ARES FOREX is not regulated and will have security issues.
What Can I Trade on ARES FOREX?
ARES FOREX provides four types of trading instruments, including forex, contracts for difference (CFDs), options, and futures. These instruments cover currency pairs, stocks, indices, commodities, and cryptocurrencies. ARES FOREX has more trading assets to choose from.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
Account Type
ARES FOREX supports demo accounts, which are suitable for novice traders. ARES FOREX still offers 4 types of real accounts: Standard, Pro, VIP, and Islamic Account. Among them, the standard and the Islamic accounts have lower restrictions on traders among the four types of accounts, and the spread deposit and leverage are the same.
| Account Type | Standard Account | Pro Account | VIP Account | Islamic Account |
| Minimum Deposit | $100 | $500 | $10000 | $100 |
| Maximum Leverage | 1:500 | 1:1000 | 1:2000 | 1:500 |
| Minimum Spread(pips) | 0.1 | 0 | 0 | 0.1 |
| Commission free | Yes | Yes | Yes | Yes |
ARES FOREX Fees
ARES FOREX promotes commission-free and spreads as low as 0, which will reduce traders costs.
Leverage
The maximum leverage is 1:2000.
Trading Platform
ARES FOREX uses MT4 (MetaTrader 4) software as its trading platform. ARES FOREX only provides the Meta Trader 4 trading platform for Windows users, which limits the large number of traders who prefer the iOS and Android versions.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Windows |
Deposit and Withdrawal
The minimum deposit is $100. ARES FOREX provides deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. Withdrawals will be processed within 24 hours.
Customer Support Options
ARES FOREX only provides email communication. As we all know, email is not as direct and fast as a phone call, meaning there will be a longer response time when dealing with emergencies.
| Contact Options | Details |
| account@aresforex.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
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