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Score
Vanuatu
5-10 yearsSuspicious Regulatory License
Vanuatu Retail Forex License Revoked
High potential risk
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Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index7.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
ARUM Trade LTD
Company Abbreviation
ARUM
Platform registered country and region
Vanuatu
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
General Information and Regulation
Arum is a broker who provides trading services to retail traders. Arum is licensed with the New Zealand financial authority, Financial Markets Authority (FMA). XOH (X-Trade Brokers DM) of Poland, Polish Financial Supervision Authority. They are also externally audited by Meritorius Audit Ltd, certified public accountants and Registered Auditors. Arum Trade LTD. License of Vanuatu Financial Services Commission (VFSC): Dealing in Securities (Principal's License) No. 40490.
Market Instruments
The firm trades currency pair, metals, CFDs and energies. From 06/01/2021 they have also started trading Cryptocurrencies, however not available to UK clients.
Account & Leverage
Arum only has one account type which is ECN.Trade.Real. They also have a special VIP account with no withdrawals or deposit fee charged, free VPS and personal manager. Leverage is set at 1:200.
Spread's and commissions
Spreads from 0.0 pips. Commissions are set at 5%.
Trading Platform
The firm only uses MetaTrader 5, available on mobile, desktop, android and IOS.
Deposit and withdrawal
Deposits are instant, however withdrawals take 1 to 3 days to reflect. Deposits are limited to 30 99999 and withdrawals are limited to 50 99999.
Customer Services
Phone: +357 250 572 18
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User comment
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CommentsWrite a review