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ARUM Capital accepts bank wire, credit/debit cards, and electronic wallets for deposits, which makes it easier for traders to deposit and withdraw funds. As a licensed forex broker, ARUM Capital has custodianship with the major high street banks, and client funds are kept in a separate account.
We, as a Forex CashBack, are responsible to pay you back %85 from revenue. For instance, if you earn 100$ in a broker in a month, we pay you 85$ for sure as a Rebate Forex. In fact Rebate Forex is a kind of commission which is paid from Forex Brokers to Pipsafe for each trading. ARUM Capital accepts bank transfer, credit/debit cards, and e-wallet transactions for both deposits and withdrawals. Opening an account with ARUM Capital is easy and takes a few minutes to complete. Once you access their homepage, click on the open an account tab. You will be required to provide your name, phone number, and an email address.
The legal form of this company is RCPI and is subject to the jurisdiction of CY law. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. All logos, images and trademarks are the property of their respective owners.
Overall, Arum Capital is a decent broker that is regulated and has a good selection of forex currency pairs for trading on competitive conditions Retail foreign exchange trading through the powerful MT5 platform. We did find the traders education to be lacking and market analysis on the website outdated.
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We make our own daily analysis and send it to our clients each morning. ARUM Capital believes that we can build long term relationship with our clients based on our reliability. We are under the regulatory supervision of CySEC, corporate risk management, cybersecurity and trading safety. Very good company, raw speads and excellent execution time orders. Let other traders know if this service is worth checking or should be avoided. anyone can suggest me a 100% legit No deposit bonus like XM has. Coffee Meets Bagel is the only dating service that women love to use!
There is a reasonable choice of account funding options and a few additional tools. The non-FX instruments are limited when compared to other brokerages. You can see our best forex brokers for alternative options with a more complete offering. ARUM Capital is a European licensed forex broker that is based in Cyprus. The company is licensed in Cyprus also, and it is under the regulatory requirements of the CySEC, which includes corporate risk management, cybersecurity, and trading safety. Since Cyprus is a part of Europe, ARUM Capital is fully compliant with the European Markets in Financial Instruments Directives .
Although you may not think Cyprus is a major financial center, the nation has attracted lots of forex brokers in recent years. This is due to several factors, like the EU-membership, which allows companies registered there to operate in the entire Single market via the MiFID directive. One of them is the mandatory application of segregated accounts – traders’ funds must be kept in accounts which the broker can not freely access.
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You will also need to agree with their policies before clicking on the Register button. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Clients will always be notified via email when a new Tokenexus Crypto Exchange Review deposit/withdrawal attempt has been successful or failed. Credit Card deposits will not be processed without a copy of the credit card being used. They do not accept any payments from 3rd parties and you must withdraw via the same method as you deposited. Payments which are not in line with the above conditions will be returned to the sender at their expense.
- At the moment, the MT5 trading platform has 21-time frames which include 11 types of minute charts, which makes it easier for traders to capture a broad range of the financial markets.
- The MT5 also has a similar interface to the MT4, but it comes with extra timeframes, benefits, and services.
- It also has seven kinds of hourly charts and daily, weekly and yearly time frames.
- The MT5 platform also offers up to six different types of pending orders.
- By providing you with an excellent platform, ARUM Capital charges a fee or commissions and details of these can be found on their site.
- Based on this, the analysis possible with the MT5 is superior to the other trading platforms.
This is done so as to avoid mixing up of the trading capital with the brokers operating capital this ensures that the operations are done in a transparent manner. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents.
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While the other two platforms are yet to be made fully available, we will review them, once they are. Arum Capital offers a variety of trading platforms based on different client needs. The world leading currency trading platform MetaTrader4 is one of them, with separate proprietary software available for the RAMM investment scheme and another in-house platform called Arum Pro. ARUM Capital has one of the best customer service system in the industry. The customer care agents can be contacted via email, phone call, or live chat.
Thus, this means that customer funds are kept safe and secure at all times, away from the company’s operational funds. These services and features of ARUM Capital make it a unique forex and CFD broker, and it is ideal for all types of traders.
In effect, the money can not be spent on corporate expenses . Another important CySEC ruling is the participation in the Investor Compensation Fund . This is a system, which forces brokers to pay a portion of their profits to a collective pool, which then serves to guarantee client claims, in case one of the brokers goes bankrupt. The coverage of this scheme is limited to €20,000 per account.
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What makes CySEC different from other regulators such as the NFA is that the complaints are to be directly raised to your broker. This exposes the clients to slow and inefficient responses. Members of CySEC are required to maintain regular financial statements which are to be submitted to the authority to be reviewed periodically. They are expected to send in annual audit reports which are done by authorised independent third-party auditors. It is the duty of CySEC to regularly update, review and where need be, amend their regulations, and advice they give to investors. For ECN.STANDART account, spreads are starting from 0.1 pip and commission fee average is $3-$4. Unfortunately the services of the company aren’t provided to residents of Iran, North Korea.
As a regulated entity, ARUM Capital follows strict anti-money laundering and KYC procedures and users are required to provide proof of identity before they are allowed to withdraw their funds. The high level of transparency is an indication that ARUM Capital is a legit forex broker. 73.57% of retail investor accounts lose money when trading CFDs with this provider. CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage.
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Based on our personal experience, we have found ARUM Capital to be 100% legit. After reviewing their services and going through their features, ARUM Capital can be regarded as a trusted and reliable online financial assets brokerage firm. The company is licensed in Europe and ensures that the users’ funds are kept safe and secure at all times. They are fully compliant with the European Markets in Financial Instruments Directives and carry out regular audits and risk management.