Aurum Markets Forex Broker

Aurum Markets Forex Broker - Complete Information Guide

1. Broker Overview

Aurum Markets, established in December 2017, is a growing player in the forex and cryptocurrency exchange sector. Headquartered in an undisclosed location, the broker operates under a model that caters to a diverse clientele, including retail and institutional investors across various global markets. Over the past six years, Aurum Markets has worked diligently to build a reputation for reliability and efficiency in trading services.

The company operates primarily as a broker, facilitating the exchange of various financial instruments, including forex pairs and cryptocurrencies. Aurum Markets aims to provide its clients with a seamless trading experience through its user-friendly platform and a commitment to customer service. The broker has positioned itself to serve clients from 255 countries, including significant markets like the United States and Singapore.

As part of its development, Aurum Markets has achieved several milestones since its inception, including expanding its trading offerings and improving its technological infrastructure. However, it is essential to note that the company does not publicly disclose information about its parent company or any corporate affiliations, which is common in the less regulated sectors of the financial industry. The business model focuses on retail forex trading, providing access to a wide range of currency pairs and other financial products.

2. Regulatory and Compliance Information

Aurum Markets operates in a regulatory gray area, as it currently lacks a valid license from any recognized financial authority. This absence of regulation raises questions about the safety and security of client funds. The broker does not provide specific regulatory numbers or licensing details, which can be concerning for potential clients.

In terms of client fund management, Aurum Markets has implemented policies to ensure the segregation of client funds from the company's operational funds. This practice is designed to protect clients in the event of financial difficulties faced by the broker. However, the absence of a formal investor compensation fund leaves clients without a safety net in case of insolvency.

Aurum Markets adheres to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which may require clients to provide identification and proof of address when opening an account. Despite these measures, the lack of a robust regulatory framework means clients must exercise caution when trading with this broker.

3. Trading Products and Services

Aurum Markets offers a diverse range of trading products, primarily focusing on forex and cryptocurrencies. The broker supports a wide array of currency pairs, including major, minor, and exotic pairs. In addition to forex trading, clients can access Contracts for Difference (CFDs) on various assets, including indices, commodities, and cryptocurrencies.

The broker frequently updates its product offerings to keep up with market trends and client demands. However, specific details regarding the frequency of these updates or the introduction of new products have not been disclosed. Aurum Markets caters to both retail traders and institutional clients, providing tailored services to meet the unique needs of each segment.

Furthermore, the broker offers additional services such as market analysis and trading signals to assist clients in making informed trading decisions. These services are designed to enhance the overall trading experience and empower clients to navigate the dynamic financial markets effectively.

4. Trading Platform and Technology

Aurum Markets primarily utilizes the popular MetaTrader 4 (MT4) trading platform, which is well-known for its user-friendly interface and extensive trading tools. The broker also provides a proprietary web-based trading platform, allowing clients to trade directly from their browsers without the need for software installation.

For mobile traders, Aurum Markets offers applications compatible with both iOS and Android devices, ensuring that clients can access their accounts and trade on the go. The broker supports various execution models, including Electronic Communication Network (ECN) and Straight Through Processing (STP), which can enhance trade execution speed and transparency.

The broker's technological infrastructure is designed to support high-frequency trading and automated strategies, with API access available for clients looking to implement algorithmic trading solutions. However, specific details regarding server locations and the underlying technology supporting the trading platform have not been disclosed.

5. Account Types and Trading Conditions

Aurum Markets offers several types of trading accounts to cater to different client needs. The standard account requires a minimum deposit of $10, with spreads starting from 1.8 pips. For more experienced traders, the broker provides an ultra account with a higher minimum deposit of $200 and tighter spreads starting from 0.9 pips.

The broker also offers a cent account, which allows clients to trade with smaller amounts, making it accessible for beginners. Leverage options vary, with maximum leverage reaching up to 1:1000, depending on the account type and trading instrument. The minimum trade size is set at 0.01 lots for all account types.

Aurum Markets provides a demo account for clients to practice trading without risking real capital. This feature is particularly beneficial for novice traders looking to familiarize themselves with the trading platform and develop their trading strategies.

6. Fund Management

Aurum Markets supports various deposit methods, including bank transfers, credit cards, and popular e-wallets. The minimum deposit requirement varies by account type, with the standard account requiring a deposit of $10, while the ultra account requires a minimum of $200.

Deposit processing times are generally prompt, with most transactions completed within a few hours. However, specific details regarding deposit fees have not been disclosed, which may vary depending on the payment method used.

Withdrawal options mirror the deposit methods, allowing clients to access their funds conveniently. Withdrawal processing times are typically swift, but clients are advised to check the broker's policies for any applicable fees associated with withdrawals.

7. Customer Support and Educational Resources

Aurum Markets provides customer support through various channels, including phone, email, and live chat. The broker's support team is available around the clock, ensuring clients receive assistance whenever needed. The support is offered in multiple languages, catering to its diverse global client base.

In addition to customer support, Aurum Markets offers a range of educational resources to help traders improve their skills. These resources include webinars, tutorials, and articles covering various trading topics, from beginner to advanced levels. Market analysis services are also available, providing clients with insights into market trends and potential trading opportunities.

The broker offers a variety of trading tools, including economic calendars, trading calculators, and signal services, to enhance the trading experience and support clients in making informed decisions.

8. Regional Coverage and Restrictions

Aurum Markets serves clients from 255 countries worldwide, including key markets such as the United States and Singapore. The broker has no known geographical restrictions, allowing clients from various regions to access its services.

However, it is essential for potential clients to verify their eligibility to trade with Aurum Markets, as regulations may vary by jurisdiction. The broker is committed to providing access to its services without discrimination, ensuring a global outreach to traders interested in forex and cryptocurrency markets.

In conclusion, Aurum Markets broker presents a unique offering in the financial trading space, with a focus on forex and cryptocurrency trading. While the broker has made strides in establishing its presence, potential clients should remain vigilant regarding the regulatory landscape and the inherent risks associated with trading with an unregulated broker.