This means they must comply with certain rules and restrictions that are in place protect investors. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. After signing up as a new client with Arum Capital, all users are presented with the choice of opening either an “ECN.STANDARD” account or an “ECN.CLASSIC” account. Arum Capital accepts clients from all over the world, excluding USA, Canada, Japan, Belgium, France, Brazil, North Korea and FATF sanctioned countries. A demo account is available, as is typical with nearly all spot Forex and CFD brokers.
Depositing funds into an ARUM capital account is an easy and secure process. Funding can be done using a few different methods, including credit cards, bank transfers, Neteller, and Skrill. Withdrawals are generally made through the same channel that deposits have been made through. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. Demo accounts with $10,000 in virtual funds are available for you to practice your trading strategies see if Arum Capital has suitable trading conditions for your strategies. The MT5 platform has plenty of built-in tools that should be enough for most traders.
I like how you can choose between tight spreads from 0.0 pips with a small commission fee on top, or spreads from 0.7 pips with no commission fee. I use scalping systems that rely on tight spreads so I would be looking at the ECN standard account. Some of the advantages of the ECN account types are that they provide high liquidity and instant execution of trades. Overall, I think that Arum Capital is a decent CFD broker but there is some room for improvement. I like that they are regulated and have a good selection of forex currency pairs for trading with competitive conditions through the powerful MT5 platform.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Arum Capital has a good variety of convenient methods for depositing and withdrawing funds from your trading account. Crypto funding is not supported but you can check out Hankotrade if this is something that you are looking for.
You will always be notified via email when a new deposit/withdrawal attempt has been successful or failed. I like that they don’t process credit card deposits without a copy (front and back) 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 that are not in line with the above conditions will be returned to the sender at their expense.Where ideas meet artificial intelligence lunexora.
Account holders may be upgraded on a month-by-month basis to VIP status, on the condition that they trade a minimum of 200 lots of Forex or its equivalent) per month. This is a high volume and represents a monthly turnover of $2 million traded at least. VIP account holders are entitled to private analytics, individual coaching, a personal account manager, a free VPS server, and a few additional perks. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Licensed and Regulated
Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. Rates, terms, products and services on third-party websites are subject to change without notice.
Markets
Although this platform was released all the way back in 2010, it has remained popular in the forex trading community for a variety of reasons. As usual, the platform is available in dedicated versions for Mac, Web, Android, and Apple iOS devices, which should make it usable for most traders. arum capital forex broker review A clear benefit of being regulated within the EU is that all client deposits up to EUR 20,000 are guaranteed by the government.
Ideal conditions for all types of trading robots
Keep in mind that the broker does not offer services to some countries such as the USA, Canada, Japan, Brazil, North Korea, Belgium, France, and the non-cooperative countries under FATF. If your country is not accepted by this broker, I recommend checking out our broker comparison tool for alternatives. Clients and visitors have an opportunity to receive newsletters with analytics via e-mail or look up for it on our web-site by themselves. Customer support is based in Cyprus, offering support by telephone, chat, and email, 24 hours per day from Monday to Friday. I like that the VIP benefits include a personal manager, training and workshops, improved solutions for money transfers, free VPS, and more.
Arum Capital Account types
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Two account types are offered, either the “ECN Standard” or the “ECN Classic”. The only differences between the two account types are the spreads and commissions which are charged.
Not surprisingly, many traders are happy to sacrifice higher trading leverage for this sense of safety for their funds. As an ECN execution model is offered, floating spreads and fixed commissions are charged on every trade. The ECN.STANDARD account starts at a minimum floating spread of 0.1 pips and a commission schedule which begins at 0.0027% of the traded value. The ECN.CLASSIC account starts at a minimum floating spread of 0.7 pips and a commission schedule which charges zero on everything except cryptocurrencies! So, in fact, the ECN.CLASSIC account is mostly a floating spread only fee model. For most traders, the larger size you trade, the more economic it will become to take the ECN.STANDARD option, but you can always check with ARUM capital first before deciding which account type to open.
- Before you proceed, please read this important information about our review and rating policies.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- ARUM capital also offers a few useful client resources such as an economic calendar and a position sizing calculator.
- As usual, trading accounts can be funded via either bank wire transfers, major credit & debit cards, and the commonly used e-wallets Neteller, Skrill, and Qiwi.
- As the result, the counterparties of our clients are the world’s largest banks, whose quotes are aggregated by CFH (one of the best liquidity provider).
All of the prices from the LPs are aggregated together within the brokers liquidity pool. When you place a trade, they will match you with the best available prices. I prefer this to the market maker model where a broker can take the opposite side of your position and set their own prices. The conditions of the broker’s license and liquidity providers oblige them to link every transaction to an independent service provider.
- The STP license of the European regulator makes it an obligation for any regulated company to transmit all client transactions to liquidity providers.
- Arum Capital is a brand name owned and operated by ArumPro Capital Ltd, a Cyprus Investment Firm that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- I like how the broker has first-class liquidity from top liquidity providers (LPs), using some of the largest LPs including the British provider LMAX Exchange and the Swiss bank Swissquote.
- I find their non-FX offering to be quite restrictive when compared to other online brokerages like TMGM who have thousands of different trading instruments across various asset classes.
This means that even if the broker goes out of business or otherwise is unable to fulfil its obligations, clients will be reimbursed for any amount up to this level. Traders may use MetaTrader 5 as an application or as a web-based browser, the cutting-edge improved trading platform. InterTrader offer trading in a reasonable wide range of assets, but they do not offer some of the more exotic CFD instruments which are becoming more common such as ETFs or soft commodities. They certainly offer a quite wide assortment of minor and exotic Forex currency pairs.
As the broker holds a European CySEC license, you may be entitled to compensation from the Investment Compensation Fund (ICF), in the event that the broker is unable to fulfil its financial obligations. Though I recommend going through the terms and conditions since they’re pretty specific on who is eligible for these compensations. Your funds should be held in segregated accounts away from the broker’s funds so that they cannot be used for any other purposes such as the business running costs are hedging. The STP license of the European regulator makes it an obligation for any regulated company to transmit all client transactions to liquidity providers. This is the explicit criteria for distinguishing an A-book broker from a B-book dealer, what you can see for yourself by comparing our license with linceses of other companies. ARUM Capital is reliable and absolutely transparent, we have good trading conditions and advanced technologies.
Over 100 trading financial instruments
You can also develop your own for the platform using the MQL programming language or hire a freelancer from the MQL community to do it for you. You will also find a plethora of free and paid tools from the marketplace that you can easily access from directly within the platform. Other than that, the broker does make available some handy standalone tools in the economic calendar and trading calculators. In the meantime, you may still continue to embed your ratings widget using the embed code below, in order to improve your ratings and visibility. In terms of trading platforms, Arum Capital has chosen the traditional path of sticking with the MetaTrader 5 (MT5) as its only platform.