Arum Capital is another Cypriot broker on the run. Most European companies choose Cyprus for their place of regulations due to the fact that CySEC belongs to a Tier 2 zone. It lets some activities slip or imposes fines when license removal would be more suitable.
For further details, read our Arum Capital review until the end. You’ll learn all about brokers’ trading terms.
Arum Capital is a brand of ArumPro Capital Ltd, registered in Cyprus. As previously mentioned, Arum Capital’s regulation is with the Cypriot regulator, CySEC, license number 323/17.
While CySEC is not as firm as some Tier 1 authorities, including here FCA, BaFin, and ASIC, it still has some requirements. Namely, to obtain a license, brokers must maintain minimum capital of 730,000 EUR at all times, keep clients’ funds in segregated accounts, and participate in the ICF – investor compensation fund. Each customer can get up to 20,000 EUR reimbursement if something goes wrong.
Additionally, as an EU member, Cyprus has leverage restrictions imposed by the EU watchdog, ESMA. According to it, brokers cannot offer leverage higher than 1:30 for retail traders. And Arum Capital complies.
However, let’s see the main concern regarding this trading brokerage.
Arum Capital is a Forex and CFD trading broker under CySEC supervision. The firm was banned in the UK after failing to comply with the FCA regulatory regime.
After Brexit, all companies needed to apply for the TPR with the UK FCA in order to offer trading services in the country. Arum Capital was no exception, and the firm was granted approval in 2019.
Therefore, there’s a warning in the UK stating that customers are no longer protected if dealing with Arum Capital broker.
According to our research, Arum Capital mainly operates in the following countries:
We give credit where it’s due, and we’ll give it to the Arum Capital trading platform. The broker offers MT5, the most advanced software today.
MetaTrader 5 is the newer version of MT that came right after the tremendous success of MT4. Both have millions of downloads and are preferred by numerous retail traders such as yourself.
The reason for such popularity lies in the platform’s features. Customers get a user-friendly interface, plenty of technical and analytical tools, as well as access to advanced tools such as EAs or social trading systems. Additionally, the software is compatible with all devices, including Windows, macOS, as well as mobile devices.
Apple users cannot download the software, and those who already had it installed are not receiving any new updates.
Customers can access five asset classes, those being:
The company advertises floating spreads, starting from 0.0 or 0.7 pips, depending on the Arum Capital account type. Other than that, each trade includes swaps and commissions explicitly listed on the broker’s website.
You can choose between two accounts:
As you can tell, both have the same minimum deposit and a relatively large one. Let us remind you that most regulated brokers offer Micro accounts starting from as low as $10.
The main difference between accounts is in spreads and commissions. The Standard account has raw spreads and higher commissions, while the Classic one includes spread, but fees are lower.
Arum Capital Demo account is enabled but under unusual conditions. Usually, trial accounts simulate Live ones with trading conditions.
With Arum Capital, however, the leverage on the Demo account is 1:100. It means you’ll control a more considerable amount of capital and be able to earn or lose more than with the regular account and 1:30 leverage.
When it comes to Arum Capital withdrawal, we have five different options:
As you can tell, the broker is rather pricey. According to some Arum Capital reviews, clients were refused a withdrawal as they allegedly didn’t comply with AML requirements and the broker’s “due diligence.”
Let us know if you’re experiencing troubles with your Arum Capital withdrawals or accounts. Global Fraud Protection may be able to assist you with contacting the regulator and filing a dispute for a chargeback.
Book your free consultation, let us evaluate your case, and see what to do. Don’t give up on your hard-earned money!
Arum Capital is a CySEC-regulated trading brokerage. In case of any issues with the company, don’t hesitate to contact us for assistance.
Yes, Arum Capital offers a free-trial Demo account for its customers to test the system.
Arum Capital has been banned in the UK due to failure to comply with the country’s regulations. Hence, it all depends on the country you come from.
Arum Capital is a CySEC-regulated trading brokerage. In case of any issues with the company, don’t hesitate to contact us for assistance.
Yes, Arum Capital offers a free-trial Demo account for its customers to test the system.
Arum Capital has been banned in the UK due to failure to comply with the country’s regulations. Hence, it all depends on the country you come from.
The post Arum Capital Review 2023 – Trading Conditions Of This Broker appeared first on Global Fraud Protection.
