Beware! Arrexpro is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

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Arrexpro wants us to believe it represents a leading forex broker but provides no evidence of this. Let’s take a detailed look at why it wouldn’t be a good idea to trust this website and what more trustworthy alternatives you have when choosing a broker.

Arrexpro Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Arrexpro
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

We do not find any identifying information on the Arrexpro website. It is unclear which company is behind this website and where it is based. Registering an account requires agreeing to the Terms and Conditions and Privacy Policy, but the links to the documents are blank. If you don’t know exactly who you are dealing with and what the terms of the deal are it would be an obvious mistake to put your money on the line.

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

Arrexpro  claims to be based in Hong Kong.

But there is no broker with that name in the Hong Kong Securities and Futures Commission (SFC) database.

At the same time, Australian financial authorities have issued a warning that Arrexpro is not licensed.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

Arrexpro Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Arrexpro platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we get access to a supposed trading platform that lacks even basic visualization and pending order placement functionality.

But even if Arrexpro had a more convincing platform, that would not make this website credible. Fake brokers use rigged trading software to mislead their victims that their money is really being invested. But this trade is entirely sham.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Arrexpro Trading instruments

CurrencyStocksIndicesCryptoCommodities
Arrexpro
XMYesYesYesNoYes
FP MarketsYesYesYesYesYes
Octaxxxxx

Arrexpro claims to offer trading in CFDs on Shares, Indices, Forex and Cryptocurrencies. But as stated, the trading offered by such fake brokers is fictitious.

Arrexpro Spreads and cost of trading

ArrexproXMFP MarketsOcta
Spread EURUSD1,50.61.20.9
Spread GBPUSD1,51.31.5x
Spread USDJPY1,51.31.5x

Arrexpro does not provide information on most of the underlying trading parameters, including the price paid by the customer. In the trading platform we see a spread of about 1.5 pips for the major currency pairs, but we do not know if Arrexpro charges additional commissions.

Arrexpro Maximum leverage

ForexStocksCryptoGoldIndices
Arrexpro
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally. All leading regulators limit leverage for retail traders. In the EU, UK and Australia the maximum permitted level is 1:30 and in the US it is 1:50.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Arrexpro Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Crypto24 hours24 hoursFee depends on crypto

Arrexpro’s deposit menu includes two options that do not allow you to request a refund or chargeback – cryptocurrency and wire transfer.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Arrexpro Minimum deposit

ArrexproXMFP MarketsOcta
Minimum deposit$250$5$100$100

Arrexpro specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

Arrexpro Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
ArrexproNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet withdrawal terms.

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