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ARUM -

Score

1.53 /10
Danger

ARUM

Vanuatu

5-10 years

Suspicious Regulatory License

White label MT5

Regional Brokers

Vanuatu Retail Forex License Revoked

High potential risk

http://arumtrade.com

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Score

Regulatory Index0.00

Business Index7.17

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ARUM Trade LTD

Company Abbreviation

ARUM

Platform registered country and region

Vanuatu

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 40490) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2024-09-24
ARUM · Company summary

General Information and Regulation

Arum is a broker who provides trading services to retail traders. Arum is licensed with the New Zealand financial authority, Financial Markets Authority (FMA). XOH (X-Trade Brokers DM) of Poland, Polish Financial Supervision Authority. They are also externally audited by Meritorius Audit Ltd, certified public accountants and Registered Auditors. Arum Trade LTD. License of Vanuatu Financial Services Commission (VFSC): Dealing in Securities (Principal's License) No. 40490.

Market Instruments

The firm trades currency pair, metals, CFDs and energies. From 06/01/2021 they have also started trading Cryptocurrencies, however not available to UK clients.

Account & Leverage

Arum only has one account type which is ECN.Trade.Real. They also have a special VIP account with no withdrawals or deposit fee charged, free VPS and personal manager. Leverage is set at 1:200.

Spread's and commissions

Spreads from 0.0 pips. Commissions are set at 5%.

Trading Platform

The firm only uses MetaTrader 5, available on mobile, desktop, android and IOS.

Deposit and withdrawal

Deposits are instant, however withdrawals take 1 to 3 days to reflect. Deposits are limited to 30 99999 and withdrawals are limited to 50 99999.

Customer Services

Phone: +357 250 572 18

News

NewsWikiFX report: Iván Marchena Joins ARUM Trade as Chief Operation Officer

Most recently, Iván Marchena assumed the role of Vice President of Latin American operations at cryptocurrency firm, PrimeXBT.

WikiFX
2022-04-27 16:23
WikiFX report: Iván Marchena Joins ARUM Trade as Chief Operation Officer
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武海浩
more than one year
En términos generales, creo que las condiciones comerciales que ofrece esta empresa son atractivas, pero la seguridad es lo más importante cuando elijo un broker. La compañía solo tiene una licencia offshore de Vanuatu, entonces, ¿quién sabe si estas buenas ofertas no son solo el cebo de un estafador para atraerlo?
En términos generales, creo que las condiciones comerciales que ofrece esta empresa son atractivas, pero la seguridad es lo más importante cuando elijo un broker. La compañía solo tiene una licencia offshore de Vanuatu, entonces, ¿quién sabe si estas buenas ofertas no son solo el cebo de un estafador para atraerlo?
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2022-11-27 11:04
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00
more than one year
This company is registered in an offshore location and it hasn’t held any legitimate regulation. Everyone should be aware of the regulation condition before starting trading. That’s very important!
This company is registered in an offshore location and it hasn’t held any legitimate regulation. Everyone should be aware of the regulation condition before starting trading. That’s very important!
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2022-11-24 15:02
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