Arum Capital Review Is It Safe To Trade With Arumcapital.eu

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Arum Capital Review: Is It Safe To Trade With Arumcapital.eu?

Arumcapital.eu Review: this is the website of a Forex and CFD broker that is based in Cyprus. Is Arum Capital legit or scam? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Arum Capital mentions that it is based in Cyprus and is owned by ArumPro Capital Ltd. Forex trading in Cyprus is under the supervision of the Cyprus Securities and Exchange Commission. When we checked the online register we found that the broker is truly licensed and registered there.

This is a major advantage for the brokerage because trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.

Advantages of Arum Capital

Arum Capital offers narrow spreads and instant order execution creates excellent conditions for scalping. The STP license mandates the broker to transmit all client’s transaction to liquidity providers. Many trading instruments are made available for trading.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Arum Capital Trading Platform

Arum Capital offers access to the MT5 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are 65+ currency pairs, 5+ cryptocurrencies, and CFDs on 25+ commodities. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:30 and while this may not seem generous, it is quite advisable. High leverages can lead to a huge loss of funds as well. Spreads are about 0.0 pips.

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Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Arum Capital

The means of making deposits and withdrawals with this broker are VISA, MasterCard, Qiwi, Neteller, and Skrill. We find it encouraging that some e-wallets are allowed for transactions.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $500 and we find that this is higher than the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Suspicious Client Reviews

On Forex Peace Army, the website removed all the 3 reviews submitted. This was due to the fact that they were all submitted from the same IP used by the broker’s representative.

Is Arum Capital Licensed?

Yes. Arum Capital is a properly licensed and registered Forex brokerage. It is authorized to trade by the Cyprus Securities and Exchange Commission (CySEC) under the company name, ArumPro Capital Ltd.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To contact the broker or an agent of the customer service, interested clients are to dial +357 251 232 91 or to email at [email protected]

Conclusion

Arum Capital is rated high because it is properly licensed by a top European forex commission. The trading conditions are encouraging and the trading instruments are impressive. A high minimum deposit is required which is discouraging but a MetaTrader platform is supported. We find the suspicious reviews seen online disturbing.

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Arum Capital Review: Is It Safe To Trade With Arumcapital.eu?

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Arum Capital Review – is arumcapital.eu scam or good forex broker?

Trading Accounts

Account Type Minimum Deposit Maximum Leverage Trading platform
Spread
ECN.Invest $100 1:100 Arum.Invest ECN Feed +10$ commission per lot
ECN.MT $500 1:100 MetaTrader4 ECN Feed + 5$ commission per lot
ECN.PRO $1,000 1:100 Arum.Pro ECN Feed +5$ commission per lot

Arum Capital is an ECN forex broker. The company offers three account types, connected with three different trading platforms. RAMMFX supports the PAAM-like scheme which this broker provides (more on it later). Arum pro is their proprietary platform, while MetaTrader4 is an industry staple, when it comes to currency trading. The broker appears to be under development at the time of writing, so we will update this review in the future.

The Company. Security of Funds

Company Country Regulation
ArumPro Capital Ltd. Cyprus CySEC

Arum Capital is a brand, owned and operated by ArumPro Capital Ltd. The company is based in Cyprus and is regulated by the local financial watchdog – the Cyprus Securities and Exchange Commission (CySEC). That being said, your funds will be safe with this broker. This may not be the case if you decide to trade with an off-shore company, as we have explained here.

Although you may not think Cyprus is a major financial center, the nation has attracted lots of forex brokers in recent years. This is due to several factors, like the EU-membership, which allows companies registered there to operate in the entire Single market via the MiFID directive. However, this privilege comes with the appropriate rules. One of them is the mandatory application of segregated accounts – traders’ funds must be kept in accounts which the broker can not freely access. In effect, the money can not be spent on corporate expenses (as well as stolen). Another important CySEC ruling is the participation in the Investor Compensation Fund (ICF). This is a system, which forces brokers to pay a portion of their profits to a collective pool, which then serves to guarantee client claims, in case one of the brokers goes bankrupt. The coverage of this scheme is limited to €20,000 per account.

As a broker Arum has some interesting offers. One of them is the RAMM system. In essence, the similarity between this PAMM and signal-provider services is great. The key difference is the risk management methodology, which allows for much more rules to be added. On the other hand, the fees, which investors pay to the provider of the service are calculated on a weekly basis. This is somewhat more beneficial to trader, as he can rack-up profits faster than he can in other systems (monthly, quarterly and so on). That being said, this will not be a major issue if you follow a profitable strategy, for a long period of time, due to the high watermark rule.

Trading Conditions

Minimum Initial Deposit

The minimum deposit, for the investment platform (as described above) is $100. On the other hand a trading account must be funded with at least $500, which is a bit high for today’s standards. Brokers keep setting the entry level lower and lower. Some, like the FCA-regulated industry pioneer IG, have removed the minimum entirely.

Keep in mind, this is not a factor one should consider with great priority when comparing brokers. This is only important if you can’t afford a bigger investment or are simply learning to trade.

Average spreads & Commissions

Spreads at Arum Capital are hard to specify at this point in time, as the broker’s platforms are not yet available. The ECN feed, as demonstrated on the website shows lots of variation – from zero to one pip, in a couple of minutes. This is not unusual, when it comes to variable spreads, but we find the fluctuations to be rather unusual. On the other hand the commission structure is clear: The offer available for the trading accounts (unlike the investment one) is $5 per lot, for both sides. This equates to a 0.5 pips effective widening of the spread.

The investment account has a slightly bigger spread – $10 per lot. the difference will probably be the broker’s “commission” for providing this service. Although we will have to update this review, when there is more clarity on the conditions, you can view our real-time comparison of the spreads offered by some of the world’s leading FX brokers now.

Arum Capital offers a maximum leverage of 1:100. You may believe this is a low level, since some brokers offer 1:500 and even more.However 1:100 can basically allow you to follow a sound trading plan without any difficulties.

The key thing to realize, when thinking about leverage, is that you do not have to utilize all of your available buying power at the same time. For instance, say you have deposited $10,000 with a broker, offering 1:100 in leverage. This does not imply you should open a million dollar position ($10,000 x 100), as a mere 1% market move against you, would lead to the loss of your entire account.

Trading Platforms

Arum Capital offers a variety of trading platforms based on different client needs. The world leading currency trading platform MetaTrader4(MT4) is one of them, with separate proprietary software available for the RAMM investment scheme and another in-house platform called Arum Pro.

Currently we can only discuss MetaTrader as the other two platforms are not yet released. MT4 is loved by traders around the world and its popularity appears to be the sole reason why Arum have chosen to offer it, despite having other options as well. Charting on this platform is top-notch and technical traders adore, due to the many custom indicators which are available. Furthermore, lots of automated systems (called Expert Advisors) are also being sold at the MQL marketplace. This is an independent shop, where you can test, buy or sell indicators and EAs, without your broker being involved in any way. Furthermore, you can easily transfer the software add-ons you own to a different MT4 broker if you so desire. By the way the same principle applies for the platform’s mobile apps (available for Android and iOS) – you can log in with different accounts, which are held with different brokers through one app.

While the other two platforms are yet to be made fully available, we will review them, once they are.

Methods of Payment

Arum Capital supports several methods of payment. More traditional options, such as Bank Transfer and Credit/Debit Card are accompanied by two e-wallets: Skrill and Neteller.

Conclusion

Arum Capital is a relatively new CySEC-regulated ECN broker. Some of their offers (the RAMM scheme in particular) appear to be quite interesting. That being said, the company has not yet fully launched its services. We would update this review, once this happens. At the moment we are rather optimistic about what we have seen, although we must see what the ECN price feed actually provides, in order to give a fair assessment. Here is a list of the current things we like and dislike about this broker:

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