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No Regulation
Score
1.55 /10
Danger
ARM
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.31
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-11-15
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| ARM Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Nigeria |
| Regulation | No regulation |
| Trading Products | Money market instruments, fixed income, equities |
| Trading Platform | / |
| Minimum Deposit | ₦5,000 |
| Customer Support | Phone: 02012715002 |
| Email: enquiries@arm.com.ng | |
ARM Information
In 2008, Nigeria started ARM (Asset & Resource Management), which is a financial services company. Nigeria's SEC and CBN don't regulate ARM as a brokerage, but the company does offer a wide range of investment products, such as money market instruments, fixed income securities, equities trading, and research services. These products are available to both individual and institutional investors.
Pros and Cons
| Pros | Cons |
| Long history | No regulation |
| Low minimum investment requirement (₦5,000) | Unclear fee structure |
| Strong presence in Nigerias local capital markets | Unknown payment methods |
Is ARM Legit?
No, ARM is not a broker that is regulated. It is registered in Nigeria, but the country's Securities and Exchange Commission (SEC) or Central Bank of Nigeria (CBN) do not keep an eye on its online brokerage activities. Please be aware of the risk!
WHOIS data shows that the domain arm.com.ng was registered on May 13, 2009, last updated on July 1, 2021, and will expire on July 31, 2031.
What Can I Trade on ARM?
| Trading Products | Supported |
| Money market instruments | ✔ |
| Fixed income | ✔ |
| Equities | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Deposit and Withdrawal
You can invest as little as ₦5,000 with ARM, and there is no limit on how much you can invest. The minimum amount you can invest may be different for each product. However, the website does not reveal available payment methods and how much it costs to make deposits or withdrawals.
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