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Foreign Exchange Market or Trading - FxArena : Overview
The FX Arena is both innovative and completely unique in the world of forex. It features a user-friendly interface that makes it easy to get started and take part.
Traders can put their trading skills to the test and discover new ways to earn from the international currency markets.
There are hundreds of contests available to choose from, with a rich variety designed to suit all tastes and styles.
By opening an FX Arena Account, you can gain full access to the FX Arena and take part in as many contests as you like, as often as you like.
Features and Benefits
The BIG BIG contest
- Prize pool of at least $50,000
- New contest every month
- 2 weeks duration
- Late registrations accepted
The BIG FREE contest
- $4,000 prize pool guaranteed
- Participation is completely free
- New contest every week
- 1 week duration
One vs. One contest
- Challenge others to see who’s best
- Win cash prizes
- Multiple contests available every day
- Flexible duration options
Contest Categories
Fixed Registrations
Contests in the Fixed Registrations category have a set number of required participants that must be fulfilled before the contest can start.
Scheduled
Contests categorized as Scheduled will start at a predetermined time as long as the minimum number of traders have registered to take part.
Contest Types
One vs One
Settle bitter rivalries or just challenge someone to a trading duel. These contests allow two participants to compete head to head.
Winner Takes All
The name says it all, there can only be one winner. Regardless of how many traders take part, only one will emerge victorious and win the entire prize pool. The only question is, are you good enough?
Double-Up
At the end of a Double-Up contest the prize pool will be shared accordingly amongst the best performing 50% of participants. So trade hard to make sure you are in that top 50.
Race
Ideal for the fiercely competitive where only a podium finish will do. These contests finish when the first trader reaches a specific equity target. If no trader reaches the target before the time is up, the normal payout structure will apply.
Guaranteed
If you are looking for some of the biggest cash winning opportunities in the arena, guaranteed contests are ideal for you. Each contest has a minimum guaranteed prize pool that will be shared amongst multiple winners according to trading performance.
Guaranteed contests also offer the ability to use the Top up and Push upfeatures.
Standard
Perfect for beginners or traders who want to jump straight in to a regular contest. This applies to contests that are standard in nature and not those that are uniquely different as is the case with the alternative options explained above.
Ticket Prices
The ticket price is the amount required for any individual trader to participate in a contest.
As soon as you select to "Register" for a contest, the corresponding ticket price amount is deducted from your available balance. If, before the contest starts, you elect to "Unregister", the same amount will be immediately automatically returned to you with no charges or penalties.
Free
All contests in this group have no ticket price.
Warm Up
These are contests which are either free or have a low ticket price. Winners of these contests qualify for contests with much higher ticket prices.
Low
These contests have a ticket price ranging from 0 - $99.
Medium
These contests have a ticket price from $100 - $999.
High
These contests have a ticket price of over $1000.
Other Criteria
Duration
The available duration options represent the total duration of each contest from the moment they start.
Instruments
You can select the instruments that will be trading in the contests.
EAs
It is possible to select contests where the use of EAs are either allowed or not allowed.