ARES FOREX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-11 21:37

Abstract：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.

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.