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Trade Forex Review: Arum Capital – A Comprehensive Overview
Introduction:
Arum Capital, founded in 2017 and headquartered in Cyprus, is a Forex and CFD trading brokerage company regulated by the Cyprus Securities and Exchange Commission (CySEC). In this detailed review, we will delve into various aspects of Arum Capital, including its regulation, leverage, account types, trading instruments, trading platforms, minimum deposit, and more. So, let’s explore whether Arum Capital is a suitable choice for both novice and experienced traders in the Forex market.
Regulation and Client Protection:
Arum Capital’s regulation by CySEC provides a significant level of security for its clients. Being part of the European Union, CySEC adheres to stringent regulations. Notably, all customer deposits up to 20,000 euros are guaranteed by the state, ensuring that clients’ funds are protected, even if unforeseen circumstances affect the broker’s operations.
Leverage Options:
Arum Capital offers leverage in accordance with the rules set by the European Securities and Markets Authority (ESMA). The leverage ratios are as follows:
- 1:30 for the most liquid currency pairs.
- 1:20 for minor currency pairs and major stock indices.
- 1:10 for most commodities and stocks.
- 1:2 for cryptocurrencies.
These leverage levels reflect ESMA’s efforts to ensure responsible trading practices and protect traders from excessive risk.
Account Types:
Upon registration, Arum Capital provides clients with two trading account options:
- ECN.STANDARD: This account offers narrow spreads from 0 points and involves a floating commission.
- ECN.CLASSIC: With spreads starting from 0.7 points, this account type does not charge a commission.
Trading Instruments:
Arum Capital offers a diverse selection of trading instruments, including:
- More than 70 major and minor currency pairs.
- Several cryptocurrencies.
- CFDs on major stock indices.
- Metals like gold and silver.
- Oil and natural gas.
This wide range of instruments caters to traders with different preferences and strategies.
Trading Platforms:
Arum Capital exclusively employs the MetaTrader 5 (MT5) platform. Despite being introduced in 2010, MT5 remains a popular choice among Forex traders due to its advanced features, technical analysis tools, and ease of use.
Minimum Deposit and Payment Options:
To open an account with Arum Capital, traders need a minimum deposit of $500. Deposits can be made through various methods, including bank transfers, credit and debit cards, as well as e-wallets like Neteller, Skrill, and Qiwi. Notably, bank transfers are processed free of charge, while other methods may incur a 3.5% commission.
Conclusion:
In summary, Arum Capital can be an appealing choice for traders who prefer the MT5 platform and seek ECN trading with tight spreads. The broker’s CySEC regulation ensures the safety of clients’ deposits up to 20,000 euros, providing peace of mind for traders. However, as with any broker, it’s advisable to read user reviews and consult Forex broker ratings before making a final decision.
General Information:
- Broker Name: Arum Capital
- Year of Foundation: 2017
- Headquarters: Cyprus
- Regulation: CySEC
- Trading Platforms: MT5
- EURUSD Spread: 0.7 pips
- Demo Account: Available
- Minimum Deposit: $500
- Base Currencies: USD, EUR
- Maximum Leverage: 1:30
- Assets: Currency pairs, metals, indices, cryptocurrencies
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Neteller, Skrill, Qiwi
- Withdrawal Fee: Varies
- Payment for Inaction: Not specified
- Islamic Accounts: Not mentioned
- Segregated Accounts: Yes
- PAMM Accounts: Not available
- Partner Account: Available
- Scalping: Allowed
- Automatic Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Not provided
- Social Trading: Not mentioned
- Signals: Not mentioned
- VPS: Not mentioned
- Deposit Bonuses: Not mentioned
- Contests: Not mentioned
- Customer Support: Available 24/5
Arum Capital’s comprehensive offerings make it a broker worth considering for traders seeking a regulated and reliable platform for their Forex and CFD trading endeavors.
