The ECN.CLASSIC minimum deposit for choosing Arum Capital forex broker investment is $500, with a ECN.STANDARD minimum Spread of Floating from 0.7 pip
Number of new users
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The proportion of funding
6 months
To start trading with Arum Capital, prospective clients must meet a minimum deposit requirement of $500. This amount is applicable to both account types offered by the broker: the ECN Standard and ECN Classic accounts.
Account Type | Minimum Deposit |
---|---|
ECN Standard | $500 |
ECN Classic | $500 |
Both accounts require the same minimum deposit, which is relatively higher than many competitors that often require deposits ranging from $100 to $200.
Access to Advanced Trading Features: The $500 minimum deposit grants access to sophisticated trading tools and platforms like MetaTrader 5 (MT5), which is favored by both novice and experienced traders.
Regulated Environment: Arum Capital is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring that client funds are secure and protected under the Investor Compensation Fund (ICF) for amounts up to €20,000.
Diverse Trading Instruments: The deposit allows traders to access over 100 financial instruments, including forex pairs, indices, commodities, and cryptocurrencies, providing a wide range of trading opportunities.
Transparent Trading Conditions: With a focus on ECN trading, clients benefit from tight spreads and direct market access, which can enhance trading performance.
Potential for Higher Returns: A larger initial deposit can enable traders to take on bigger positions, potentially leading to higher returns on successful trades.
High Entry Barrier: The $500 requirement may deter beginner traders or those with limited capital from entering the forex market.
Limited Promotions: Due to regulatory restrictions, Arum Capital does not offer bonuses or promotions, which can be appealing for new traders looking to maximize their initial capital.
No Micro Accounts: Unlike some brokers, Arum Capital does not offer micro accounts, which could allow smaller trades and lower risk for those just starting.
Regional Restrictions: Traders from certain regions, including the United States, Canada, and several others, are not accepted, limiting the broker's accessibility.
While the minimum deposit is consistent across all regions, traders should note that Arum Capital does not accept clients from the U.S., Canada, and certain other countries due to regulatory compliance issues.
Compared to other brokers, Arum Capital's $500 minimum deposit is on the higher end. For example, brokers like Pepperstone and AvaTrade offer accounts with minimum deposits as low as $0 to $100, making them more accessible for beginner traders. However, Arum Capital's regulatory status and trading conditions may justify the higher entry point for more serious traders.
Arum Capital offers a variety of deposit methods to accommodate client preferences. Heres a detailed overview of the available options:
Bank Transfers
Processing Time: 1-5 business days.
Fees: No deposit fee; however, withdrawals incur a fee of approximately $40.
Regional Availability: Generally available worldwide, but may vary by region.
Pros: Free to deposit, reliable for larger amounts.
Cons: Slower processing times compared to other methods.
Credit/Debit Cards (Visa/MasterCard)
Processing Time: Instant.
Fees: 3.5% deposit fee and 2.5% withdrawal fee.
Regional Availability: Widely accepted.
Pros: Fast processing, convenient for frequent traders.
Cons: Fees can add up, especially for withdrawals.
E-wallets (Skrill, Neteller, Qiwi)
Processing Time: Instant.
Fees: 3.5% for deposits and 1-2% for withdrawals.
Regional Availability: Available in many countries, but specific e-wallets may vary.
Pros: Quick transactions and ease of use.
Cons: Fees can be higher compared to bank transfers.
Local Payment Methods
Processing Time: Varies by provider.
Fees: Typically similar to e-wallets.
Regional Availability: Depends on the user's country.
Pros: May offer lower fees or faster processing in specific regions.
Cons: Limited availability compared to global methods.
Arum Capital primarily supports deposits in USD. This means that traders should be mindful of conversion fees if they are using accounts in different currencies.
For traders looking for speed and lower fees, credit/debit cards and e-wallets are recommended due to their instant processing times. However, for those who prefer a fee-free method, bank transfers are a viable option, albeit slower.
Depositing funds into your Arum Capital account is a straightforward process. Heres a step-by-step guide:
Reasons for Deposit Failures: Insufficient funds, incorrect payment details, or issues with the payment provider. Double-check all information before submitting.
Deposit Processing Delays: Bank transfers may take longer due to processing times. If delays occur, contact customer support for assistance.
Identity Verification Issues: Ensure that the name on your payment method matches your Arum Capital account. If discrepancies arise, provide the necessary documentation.
Deposit Limit Issues: Be aware of any limits set by your payment provider. If your deposit exceeds these limits, consider using another method.
Once a deposit is made, funds are typically credited to your trading account as follows:
This comprehensive guide aims to equip you with all the necessary information regarding Arum Capital's deposit requirements, methods, and processes. By understanding these aspects, you can make informed decisions and optimize your trading experience.