ARUM Forex Broker

Arum Forex Broker - Complete Information Guide

1. Broker Overview

Arum Capital, established in 2017, is a Cyprus-based online brokerage firm. The company operates under the name Arum Pro Capital Ltd. and is headquartered in Limassol, Cyprus. As a privately held entity, Arum Capital focuses on providing trading services to retail clients across various global markets. The firm has quickly gained recognition in the trading community due to its commitment to offering a secure and feature-rich trading environment.

Since its inception, Arum Capital has made significant strides in enhancing its trading services and expanding its product offerings. The broker is dedicated to providing clients with a transparent trading experience and has built a reputation for reliability and trustworthiness. With a focus on customer-centric services, Arum Capital aims to cater to both novice and experienced traders seeking to engage in the dynamic world of financial markets.

The broker primarily serves clients from Europe and other regions, offering access to a wide range of trading instruments, including forex, CFDs, and cryptocurrencies. Arum Capital operates on an ECN (Electronic Communication Network) model, which enables direct market access and ensures that traders can execute their orders efficiently.

2. Regulation and Compliance Information

Arum Capital is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 323/17. This regulatory oversight signifies that the broker adheres to stringent guidelines designed to protect investors and maintain market integrity. The CySEC regulation ensures that Arum Capital operates within the legal framework established for financial service providers in the European Union.

The broker's license is valid for conducting investment services and activities across Europe, and it includes provisions for maintaining client funds in segregated accounts. This means that client funds are kept separate from the broker's operational funds, thereby enhancing the safety of traders' investments. Furthermore, Arum Capital is a member of the Investor Compensation Fund (ICF), which provides additional security to clients by offering compensation of up to €20,000 in case of the broker's insolvency.

In addition to regulatory compliance, Arum Capital implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent financial crimes and ensure the integrity of its operations. These measures require clients to provide identification and verification documents when opening an account, thus enhancing the security of the trading environment.

3. Trading Products and Services

Arum Capital offers a diverse range of trading products, catering to various trading preferences and strategies. The broker provides access to over 70 currency pairs, including major, minor, and exotic pairs. Notable forex pairs available for trading include EUR/USD, GBP/USD, and USD/JPY.

In addition to forex, Arum Capital offers Contracts for Difference (CFDs) across various asset classes, including:

• Indices: Traders can access major global indices such as the FTSE 100, S&P 500, and DAX 30.
• Commodities: The broker provides opportunities to trade commodities like gold, silver, and crude oil.
• Cryptocurrencies: Arum Capital allows clients to trade popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

The broker is committed to regularly updating its product offerings to meet the evolving needs of its clients. However, specific details regarding the frequency of product updates and the introduction of new instruments were not provided in the available resources.

Arum Capital primarily targets retail traders but also offers services tailored to institutional clients. The broker does not currently provide white label solutions or asset management services.

4. Trading Platforms and Technology

Arum Capital supports the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced features and user-friendly interface. The MT5 platform allows traders to access a wide range of analytical tools, including over 80 technical indicators and various charting options. This platform is compatible with desktop, web, and mobile devices, ensuring that traders can manage their accounts and execute trades from anywhere.

The broker utilizes a market execution model, which facilitates quick order execution and minimizes slippage. Arum Capital's MT5 platform connects to secure servers located in data centers in London and New York, providing traders with reliable access to the markets.

While Arum Capital does not support MetaTrader 4 (MT4), the MT5 platform offers comprehensive features for both novice and experienced traders. The broker also supports automated trading through Expert Advisors (EAs), allowing traders to implement their strategies without constant manual intervention.

5. Account Types and Trading Conditions

Arum Capital offers two main types of trading accounts: the ECN Standard Account and the ECN Classic Account. Both account types require a minimum deposit of $500, which may be considered high compared to other brokers that offer lower minimums.

ECN Standard Account

• Minimum Deposit: $500
• Spreads: Floating spreads starting from 0.0 pips.
• Commission: A commission of 0.002% per volume traded.
• Leverage: Up to 1:30 for forex trading.
• Trading Instruments: Access to forex, indices, metals, energies, and cryptocurrencies.

ECN Classic Account

• Minimum Deposit: $500
• Spreads: Floating spreads starting from 0.7 pips.
• Commission: No commission on trades.
• Leverage: Up to 1:30 for forex trading.
• Trading Instruments: Similar to the Standard Account.

Both account types allow for a minimum trade size of 0.01 lots and support hedging and algorithmic trading. Arum Capital also provides a demo account option for traders to practice their strategies in a risk-free environment.

6. Fund Management

Arum Capital offers a variety of funding and withdrawal methods to facilitate smooth transactions for its clients. The available deposit methods include:

• Bank Wire Transfer: Minimum deposit of $500, processing time of 1-5 business days.
• Credit/Debit Cards (Visa/MasterCard): Minimum deposit of $10, instant processing, with a 3.5% fee.
• E-Wallets (Skrill, Neteller, Qiwi): Minimum deposit of $10, instant processing, with fees ranging from 1% to 6%.

Withdrawals can be made through the same methods, with processing times typically within 24 hours. However, withdrawal fees apply, including a $40 fee for bank transfers and fees of 2.5% for credit/debit card withdrawals. It is important to note that the broker does not support cryptocurrency deposits or withdrawals.

7. Customer Support and Educational Resources

Arum Capital provides customer support through various channels, including telephone, email, and live chat. The support team is available from 09:00 to 19:00 GMT+2. The broker offers assistance in multiple languages, including English and Russian, to cater to its diverse client base.

In terms of educational resources, Arum Capital offers limited materials. While the broker provides access to market analysis and trading tools, there is a noticeable lack of comprehensive educational content, such as webinars, tutorials, and e-books. Traders seeking extensive educational resources may find this aspect lacking compared to other brokers.

8. Regional Coverage and Restrictions

Arum Capital primarily serves clients in Europe and other regions, with a focus on retail traders. However, the broker does not accept clients from certain countries, including the United States, Canada, Japan, and several others due to regulatory restrictions.

The broker's operations are based in Cyprus, and it is essential for potential clients to verify whether their country of residence is eligible for trading with Arum Capital. The firm has established a presence in various markets, but its regulatory compliance limits its ability to accept clients from certain jurisdictions.

In conclusion, Arum Capital presents itself as a regulated broker with a solid trading platform and a variety of instruments. However, potential clients should carefully consider the minimum deposit requirements and the limitations on educational resources before proceeding with their trading journey.