Information
Comprehensive Review of Arum Trade by Trade Forex
Overview of Arum Trade
Arum Trade, established in 2018, operates as a Forex broker from the Republic of Vanuatu. It falls under the regulatory purview of the Vanuatu Financial Services Commission (VFSC). This broker opens its doors to a global clientele, excluding residents of countries like the USA, Canada, Belgium, France, Iran, Japan, North Korea, Spain, and others where trading restrictions are prevalent.
Regulatory Status
As an offshore Forex broker, Arum Trade is regulated by the VFSC. However, it’s important to note that VFSC’s regulatory framework is considered more lenient compared to stricter jurisdictions like Europe, Australia, or North America. This leniency often translates into more flexible trading conditions and simplified registration and identity verification processes compared to more stringently regulated brokers.
Leverage Details
Arum Trade provides a maximum leverage ratio of 1:200, offering traders the potential for higher profits, albeit with increased risks.
Trading Instruments
The broker’s portfolio includes:
- 40 major and minor currency pairs
- CFDs on energy and precious metals
- Major stock indices
- A selection of prominent cryptocurrencies
Trading Platforms
Trading with Arum Trade is exclusively available on the MT5 platform, accessible via desktop, web browsers, and mobile devices (Apple and Android).
Account Types
Arum Trade offers an ECN.Trade. real account with up to 1:200 leverage, zero-point spreads, and no commission. A VIP program is available for deposits of $30,000 or more, including benefits like a personal manager, accelerated fund withdrawal, fast order execution, and free VPS.
Additionally, Arum Trade offers PAMM accounts for investor money management and MAM features for traders managing accounts on behalf of others.
Spreads and Commissions
Operating as an STP broker, Arum Trade earns from spreads rather than transaction commissions. The average spread for the EURUSD pair is 0.8 pips.
Minimum Deposit and Payment Methods
The minimum deposit at Arum Trade is just $1. The broker accepts various cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.) and standard payment methods (cards, AstroPay, Perfect Money). While deposits are free, a 5% commission is levied on withdrawals.
Conclusions
Arum Trade is a viable choice for those seeking higher leverage on the MT5 platform. However, its appeal is somewhat diminished by high withdrawal fees and a limited range of trading instruments. Before deciding, traders should explore Arum Trade reviews and compare them with other brokers on the Trade Forex rating.
Broker Profile: Arum Trade
| Feature | Details |
|---|---|
| Name | Arum Trade |
| Founded | 2018 |
| Headquarters | Vanuatu |
| Regulation | VFSC |
| Trading Platform | MT5 |
| EURUSD Spread | 0.8 pips |
| Demo Account | Available |
| Minimum Deposit | $1 |
| Base Currencies | USD |
| Maximum Leverage | 1:200 |
| Tradable Assets | Currency pairs, indices, metals, cryptocurrencies |
| Deposit Options | Visa/MasterCard, AstroPay, Perfect Money, Cryptocurrencies |
| Withdrawal Fee | Yes |
| Segregated Accounts | Yes |
| PAMM Accounts | Yes |
| Scalping | Allowed |
| Automated Trading | Supported |
| Mobile Trading | Available |
| Web Terminal | Available |
| Signals | Provided |
| VPS | Available |
| Deposit Bonuses | Offered |
| 24/5 Support | Yes |
Note: This information is subject to change and should be verified with Arum Trade directly.
