Score

1.49 /10
Danger

ERUMPENT

Nigeria

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Time Machine
Website

Score

Regulatory Index0.00

Business Index6.82

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ERUMPENT MARKETS LTD

Company Abbreviation

ERUMPENT

Platform registered country and region

Nigeria

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ERUMPENT · Company summary

Note: Since ERUMPENTs official site (https://erumpentmarkets.com/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information

ERUMPENT, a trading name of ERUMPENT MARKETS LTD, is allegedly a private company limited by shares based in Nigeria and founded on January 7, 2020, claiming to provide its clients with variable spreads and a choice of four different account types.

Account Types

There are four live trading accounts offered by ERUMPENT, namely Nano, Standard, Mini and VIP. Opening a Nano account requires the minimum initial deposit amount of $25, while the other three account types with the much higher minimum initial capital requirements of $100, $500 and $1,000 respectively.

Spreads

Spreads are influenced by what type of accounts traders are holding. ERUMPENT reveals that the spread on the Nano or Standard account starts from 1 pip, while the clients on the Mini or VIP account can enjoy raw spreads from o pips.

Customer Support

ERUMPENTs customer support can be reached by telephone: 09012500000, +2349012500000, or email: support@erumpentmarkets.com. Besides, you can also follow this broker on some social media platforms like Facebook. Registered Address: Suite 105, 1st floor, Yobe Investment House, Central Business District, Abuja, FCT, Nigeria.

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more than one year
Before I started trading Forex, my friend told me some basic principles. These principles are very useful and I have learned a lot... For example, always check the regulatory license of the forex broker. Viewing on the official website is the most prudent choice, but some third-party platforms such as wikifx can also provide good services.
Before I started trading Forex, my friend told me some basic principles. These principles are very useful and I have learned a lot... For example, always check the regulatory license of the forex broker. Viewing on the official website is the most prudent choice, but some third-party platforms such as wikifx can also provide good services.
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2023-03-14 13:55
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