Aurum Markets Forex Broker

Aurum Markets Review SummaryFounded2017Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, commodities, precious metals, indices, cryptocurrencies, CFDsDemo Account✅LeverageUp to 1:1000 EUR/USD SpreadFrom 1.5 pips (Standard Account)Trading PlatformMT4, MT5 Minimum Deposit$10Customer SupportLive chatPhone: 230 245 8606Email: support@aurummarkets.comAurum Markets Information Aurum Markets, established in 2017 and registered in Mauritius, operates without recognized financial regulation. The broker provides a diverse selection of trading instruments—including forex, commodities, indices, and cryptocurrencies—with high leverage choices, MT4 & MT5 support, and low minimum deposits. However, the lack of proper regulatory oversight is a significant drawback.Pros and ConsProsConsWide range of trading instrumentsNot regulatedSupports MT4 and MT5No stock or ETF trading offeredLow minimum deposit ($10)Relatively new domain registration (2024)Demo account availablePopular payment optionsIs Aurum Markets Legit? Aurum Markets has no regulatory supervision. Though it claims to be registered in Mauritius, it has not received a licence from the Mauritius Financial Services Commission (FSC) or other governing agencies. Aurummarkets.com, its domain information, was registered on July 2, 2024 and is already running. Several limiting policies, including client delete banned, client renew prohibited, client transfer prohibited, and client update prohibited, protect the domain.What Can I Trade on Aurum Markets? Aurum Markets has a diverse selection for traders, including forex, commodities, precious metals, indices, and over 14 cryptocurrencies.Tradable InstrumentsSupportedForex✔CFDs✔Commodities✔Precious metals✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Account Type Aurum Markets offers four types of live accounts: Cent, Standard, Ultra, and Elite (ECN). All accounts support both demo and Islamic (swap-free) options. The minimum deposit starts from $10, and accounts are tailored to different trader levels.Account TypeMinimum DepositLeverageSpread fromCommissionSwap-Free (Islamic)Demo AvailableCent$10Fixed 1:10002 pips❌✔✔Standard$10❌✔✔Ultra$200Fixed 1:5001.5 pips❌✔✔Elite (ECN)$500Fixed 1:200 + DynamicRaw$7 per lot✔✔Leverage On Cent and Standard accounts, Aurum Markets provides leverage up to 1:1000; on Ultra accounts, 1:500; and on ECN Elite accounts, 1:200 + dynamic leverage. While high leverage might improve profits, it also has high risks.Aurum Markets Fees Aurum Markets' rates are reasonable; most account types save ECN have no commissions and fair spreads. Spreads differ by account type; ECN accounts for professional traders have tighter spreads and commissions. All the accounts are swap-free, hence they are appropriate for Islamic (interest-free) trading.Account TypeEUR/USD SpreadCommissionCentFrom 2 pips❌StandardFrom 2 pips❌UltraFrom 1.5 pips❌Elite (ECN)Raw spread$7 per lot traded Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for MT4✔Windows, macOS, Android, iOSBeginnersMT5✔Windows, macOS, Android, iOSExperienced tradersDeposit and Withdrawal Aurum Markets does not charge any deposit or withdrawal fees. The minimum deposit is $10, depending on the account type.Payment MethodAccepted CurrencyMinimum AmountFeesProcessing TimeNetellerUSD, EUR, GBP$10$0InstantSkrillPay TrustPerfect MoneyMYR, IDR, THB, VNDBitcoinUSDVisaINRMasterCardINRBank Wire TransferUSD, AEDDeposit: 1 Business Day, Withdrawal: Within 1 HourLocal TransferUSD, AED, NGN + local currenciesLocal Transfer (UAE, Asia, Europe)USD, AED, INR