Arpico Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 12:29

Abstract：Richard Pieris and Company (ARPICO), established in 1940, is one of Sri Lanka's largest conglomerates with expertise in manufacturing, engineering, retail, and plantation industries. It offers services in insurance, stock broking, financial services, and fund management. However, it is currently unregulated by oversight institutions.

Arpico Review Summary
Founded	1932
Registered Country/Region	Sri Lanka
Regulation	Unregulated
Services	Insurance, stock broking, financial services, fund management
Customer Support	Tel: +94 (0) 11 4 310 500; +94 (0) 11 4 310 777
	Email: cpu@arpico.com
	Physical address: Richard Pieris And Company PLC. No.310, High Level Road, Nawinna, Maharagama, Sri Lanka
	Richard Pieris Group Services (Pvt.) Limited. No. 310, High Level Road, Nawinna, Maharagama, Sri Lanka
	Ernst & Young Chartered Accountants No. 201, De Saram Place, Colombo 10, Sri Lanka

　　Richard Pieris and Company (ARPICO), established in 1940, is one of Sri Lanka's largest conglomerates with expertise in manufacturing, engineering, retail, and plantation industries. It offers services in insurance, stock broking, financial services, and fund management. However, it is currently unregulated by oversight institutions.

Pros and Cons

Pros	Cons
Long history of operation	No regulation
Various financial services	Limited info on trading conditions

Is ArpicoLegit?

　　No, Arpico lacks legal regulation from oversight institutions, which raises concerns about the company's operations and compliance with industry standards.

Services

　　Insurance: Provides a range of insurance products including endowment, term assurance, education, hospitalization, investment, group assurance, and loan protection plans.

　　Stock Broking: Delivers services such as online trading, investment advice, trade executions, margin trading, equity trading, and research.

　　Financial Services: Offers fixed deposits, savings deposits, leasing, hire purchase, term loans, and Islamic finance solutions.

　　Fund Management: Covers investment banking, private wealth management, fund management, corporate advisory, and tax & legal services.