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ARUM -

Score

1.54 /10
Danger

ARUM

Vanuatu

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

http://arumtrade.com

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Score

Regulatory Index0.00

Business Index7.24

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

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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

Company website

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Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • 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: 2024-12-23
ARUM · Company summary
ARUMReview Summary
Founded2018-04-12
Registered Country/RegionVanuatu
RegulationRevoked
Market InstrumentsCurrency Pairs/Indices/Stocks/Cryptocurrencies/Metals/Energies
Demo AccountNot mentioned
LeverageUp to 1:200
SpreadAs low as 0.0 pips
Trading PlatformNot mentioned
Min DepositNot mentioned
Customer SupportPhone: +357 250 572 18

ARUM Information

ARUM is a broker. The tradable instruments with a maximum leverage of 1:200 include stocks, currency pairs, indices, cryptocurrencies, metals, and energies. The minimum spread is from 0.0 pips. ARUM is still risky due to its unregulated status, high leverage, and inaccessible office website.

ARUM Information

Pros and Cons

Pros Cons
Leverage up to 1:200Revoked
Spread as low as 0.0 pipsInaccessible office website
Various tradable instrumentsUnspecific information
24/7 customer support

Is ARUM Legit?

VFSC regulates ARUM with a revoked status, which makes it less safe than regulated brokers.

Is ARUM Legit?
Is ARUM Legit?

What Can I Trade on ARUM?

Traders can choose different investment directions because the broker provides stocks, currency pairs, indices, cryptocurrencles, metals, and energies.

Tradable Instruments Supported
Currency Pairs✔
Indices✔
Stocks✔
Cryptocurrencies✔
Metals✔
Energies✔
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on ARUM?

ARUM Fees

Commissions free on major instruments and spreads are from 0.0 pips.

Leverage

The maximum leverage is 1:200 meaning that profits and losses are magnified 200 times.

Deposit and Withdrawal

The minimum deposit is unknown. Deposit and withdrawal methods include MasterCard, VISA, Skrill, etc.

Deposit and Withdrawal

Customer Support Options

ARUM provides 24/7 customer support; traders can contact the broker via phone.

Contact Options Details
Phone +357 250 572 18
Supported Language English
Website Language English
Physical Address Not mentioned
Customer Support Options
Customer Support Options

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!
Translate to English
2022-11-24 15:02
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