Abstract:Ardu Prime, a trading name of Ardu Prime SA, is allegedly a forex broker founded in in 1999 and registered in Greece that claims to provide its clients with various tradable financial instruments with variable spreads on the leading MetaTrader5 trading platform, as well as a choice of three different live account types.
General Information & Regulation
Ardu Prime, a trading name of Ardu Prime SA, is allegedly a forex broker founded in in 1999 and registered in Greece that claims to provide its clients with various tradable financial instruments with variable spreads on the leading MetaTrader5 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, Ardu Prime says it is authorized and regulated by the Hellenic Capital Market Commission (4/164/20.7.1999). However, it has been verified that the broker has a suspicious clone FCA license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.75/10. Please be aware of the risk.
Market Instruments
Ardu Primes website shows the broker offers access to a wide variety of trading instruments in financial markets, covering forex, indices, US equities, commodities, speciality instruments and cryptocurrencies.
Account Types
Ardu Prime claims to offer three types of trading accounts, namely Standard, Premium and Institutional. The minimum initial deposit amount is $250 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $25,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Spreads & Commissions
Ardu Prime claims that different account types and trading assets have quite different spreads and commissions. Specifically, clients on the Standard account have forex pairs spread from 1.6 pips, the Premium account holders can enjoy a tighter spread from 0.8 pips, while the Institutional members have tailored spreads and commissions. More details can be found in the below screenshot.
Trading Platform Available
The platform available for trading at Ardu Prime is the worlds most widely-used MetaTrader5, compatible with desktop and mobile ((iOS, Android) devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Ardu Prime says to accept deposits and withdrawals via bank transfers. The minimum initial deposit requirement is said to be $250, while there is no mention of what the minimum withdrawal amount is.
Customer Support
Ardu Primes customer support can be reached by telephone: +30 210 3800820, +30 210 4406757, email: info@arduprime.com or fill in Contact Form to get in touch. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram and LinkedIn. Company address: Leoforos Agias Varvaras 56 Palaio Faliro, Athens, 175 63; Poseidonos Avenue 80 Alimos, Athens, 174 55; Syngrou Avenue 371
Palaio Faliro, Athens, 175 64; 75 King William Street London, UK, EC4N 7BE.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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