Arum Capital Review 1
A Standard account asks for $500 to open? I would definitely not put so much at first. Actually, a friend recommends it to me, and now I discover I can’t open its website?! 😂
Arum Capital Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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A Standard account asks for $500 to open? I would definitely not put so much at first. Actually, a friend recommends it to me, and now I discover I can’t open its website?! 😂
Arum Capital, a Cyprus-based forex and CFD broker, has garnered attention for its competitive trading conditions and regulatory compliance. However, user experiences are mixed, with both positive and negative feedback highlighting the need for potential traders to weigh their options carefully. Key features include a minimum deposit requirement of $500 and the use of the popular MetaTrader 5 platform for trading.
Note: It is important to recognize that different entities may operate under the Arum Capital name across various regions, which can affect the trading experience and regulatory protections available to clients. This review aims to provide a fair and accurate assessment based on multiple sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup (Experience) | 7 |
Trustworthiness | 7 |
User Experience | 6 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding trading conditions and services.
Founded in 2017, Arum Capital operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC). The broker primarily offers trading through the MetaTrader 5 platform, allowing clients to access a variety of financial instruments, including forex, CFDs on indices, commodities, and cryptocurrencies. With a focus on transparency and security, Arum Capital aims to provide a reliable trading environment for both novice and experienced traders.
Arum Capital is regulated in Cyprus and is compliant with European Union regulations. However, it does not accept clients from certain countries, including the United States, Canada, and several others due to regulatory restrictions.
The broker primarily operates in USD, and clients can deposit or withdraw funds using various methods, including bank transfers, credit/debit cards, Skrill, Neteller, and Qiwi. However, certain payment methods may incur service fees, which can affect the overall cost of trading.
The minimum deposit requirement for opening an account with Arum Capital is $500, which is relatively high compared to some competitors that allow lower initial investments. This could be a barrier for beginner traders looking to enter the forex market.
Arum Capital does not currently offer any bonuses or promotional incentives. This is largely due to regulatory restrictions imposed by CySEC, which limits such offerings to ensure fair trading practices.
Arum Capital provides access to over 100 tradable assets, including:
Arum Capital offers competitive spreads, with average spreads starting from 0.0 pips for major currency pairs. However, commissions apply, typically ranging from $27 to $31.5 per million USD traded for currency pairs. These costs can add up, particularly for high-frequency traders.
The maximum leverage offered by Arum Capital is 1:30 for forex trading, in line with ESMA regulations. This leverage can enhance trading potential but also increases risk, making it essential for traders to practice proper risk management.
Arum Capital exclusively uses the MetaTrader 5 platform, which is known for its advanced trading capabilities and user-friendly interface. While some traders may prefer MetaTrader 4, MT5 offers a range of tools for technical analysis and automated trading.
In addition to the United States, Arum Capital does not accept clients from several other countries, including Japan and Belgium. This restriction may limit access for potential traders in those regions.
Arum Capital provides customer support in multiple languages, including English and Russian. Support is available through various channels, including live chat, email, and phone, although some users have reported mixed experiences with response times.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup (Experience) | 7 |
Trustworthiness | 7 |
User Experience | 6 |
While Arum Capital offers two account types—ECN Standard and ECN Classic—both require a minimum deposit of $500. The lack of a micro account option may deter novice traders. The ECN model allows for direct market access, which is beneficial for experienced traders looking for tighter spreads.
The broker's educational resources are limited. While they offer a demo account for practice, the absence of comprehensive training materials may hinder beginners. Daily technical analyses are provided, but more extensive educational content would be beneficial.
Customer support is available 24/5, but user reviews indicate variability in service quality. While some clients report prompt assistance, others have experienced delays.
Traders report a generally positive experience with Arum Capital's trading conditions, particularly regarding execution speed. The MT5 platform is well-regarded among users for its functionality and ease of use.
Arum Capital is regulated by CySEC, which adds a layer of security for traders. However, the broker has faced scrutiny in the past, and potential clients should remain vigilant regarding their trading activities.
Overall, user experiences with Arum Capital are mixed. While many appreciate the competitive spreads and execution speed, the high minimum deposit and limited educational resources may be drawbacks for some traders.
In conclusion, Arum Capital presents a viable option for traders seeking a regulated broker with access to a variety of financial instruments. However, the high initial deposit and limited educational resources may not cater to all trader profiles. As always, potential clients should conduct thorough research and consider their trading needs before committing to any broker.