Arena Financial Management (arenafinancialmanagement.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 44 7862373614, 447915636052
Addresses: 7 Arena Close Andover Hampshire United Kingdom SP11 6YD This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.arenafinancialmanagement.com.
Arena Financial Management (arenafinancialmanagement.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Detailed reporting|Clear documentation
Cons: No integrated tax optimization
The platform itself is okay, but the customer service at Arena Financial Management (arenafinancialmanagement.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Stable platform|Good mobile app|Competitive fees
Cons: Withdrawal takes 1-2 business days|Limited social trading features
Arena Financial Management (arenafinancialmanagement.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: No hidden fees|High security standards|Demo account available|Quick verification
Cons: Wait times can be long during peak hours
I wanted to transfer my portfolio from another broker to Arena Financial Management (arenafinancialmanagement.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multiple order types|Great customer service|Quick verification
Cons: Onboarding videos are outdated|None so far