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/10

ARUM

Vanuatu|5-10 years|
Regulated in Vanuatu|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|Vanuatu Retail Forex License Revoked|High potential risk|

http://arumtrade.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ArumTrade-Demo MT5
Server Location Germany

Contact

+357 25057218
coo@arumtrade.com
http://arumtrade.com/
https://www.facebook.com/arumtrade/

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+357 25057218

Broker Information

More

Company Name

ARUM Trade LTD

Company Abbreviation

ARUM

Platform registered country and region

Vanuatu

Company website
Twitter
Facebook
YouTube

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-24
  • 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

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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

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

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

2022-04-27 16:23

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

WikiFX
2022-04-27 16:23
News
WikiFX report: Iván Marchena Joins ARUM Trade as Chief Operation Officer

User Reviews

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User comment

3

Comments

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武海浩
more than one year
Generally speaking, I think the trading conditions offered by this company are attractive, but security is the most important thing when I choose a broker. The company only has a Vanuatu offshore license, so who knows if these good deals aren't just bait for a scammer to lure you in?
2022-11-27 11:04
Reply
0
0
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!
2022-11-24 15:02
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0
0
勇闯天涯30848
more than one year
Arum trade is a frustrating scam registered in an offshore location, this scam stole my life savings, who can give this group of shameless people some punishments?
2022-11-24 10:27
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0
0
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