Arum Capital is Cyprus based ECN forex broker. My first impressions were very good because their website looks very professional. I have found almost every information that I need on their website and also live chat option is always available.
They are relatively new FX broker and Arum Capital is owned and operated by a company named ArumPro Capital Ltd.. They may not very popular broker like FXTM or XM but they have many advantages. After reviewing countless scam brokers, I finally found a trustworthy forex broker. In this Arum Capital review, you will find their advantages and disadvantages.
Is Arum Capital scam broker? Or a reliable one? How many different trading instruments they are offering? Which trading platforms are supported by Arum Capital? How can you deposit or withdraw money after opening an account? If you are wondering answer of these questions, keep reading my review.
Regulation
Regulation and License
Arum Capital is regulated forex broker and this is their biggest advantage. They registered in Cyprus and regulated by a respected regulator CySEC (Cyprus Securities and Exchange Commission). Like I mentioned many times before, FCA, ASIC and CySEC are the most popular and reliable regulators.
With the rules of CySEC regulation, Arum Capital is a member of Investor Compensation Fund (ICF). ICF protecting clients funds up to 20.000 euros. There are too many scam brokers all over the world, that is why regulation is a most important thing for me and Arum Capital gained my trust with their CySEC license.
Account Types and Spreads
Arum Capital Account Types and Spreads
There are 2 different account types at Arum Capital: ECN.STANDART & ECN.CLASSIC. Minimum deposit limit is $500, which is quite higher than other brokers. Also, the maximum leverage ratio is 1:100 and minimum lot size is 0.01.
For ECN.STANDART account, spreads are starting from 0.1 pip(floating) and commission fee average is $3-$4. for the ECN.CLASSIC account, spreads starts from 0.7 pip.
Arum Capital offers MetaTrader5 forex trading platform. Like I said many times before, MetaTrader4 and MetaTrader 5 are my favorite trading platforms. Because they are fast and user-friendly software. Also, you can use more than 50 technical indicators and run expert advisors on it. I see this as an advantage of Arum Capital.
Various of trading instruments offered by them: 69 currency pairs, 11 CFD-contracts on indices, 7 CFD-contracts on metals, 3 CFD-contracts on energy, 5 CFD-contracts on crypto-currencies.
Payment Methods
Deposit and Withdrawal Methods
Bank transfer, credit card, Qiwi Wallet, Skrill and Neteller payment methods are available at Arum Capital. There is no deposit fee if you using bank transfer but when you want to withdraw money to your account, they cut $40 for that.
Also when using Qiwi, Skill, Neteller or credit card there is %3.5 service fee cut. And the withdraw commission for these payment methods are %2.5 for Neteller & credit card, %1 + up to $30 commision for Qiwi wallet and %1.5 + up to $36 for Skrill. Deposit/Withdraw with Cryptocurrency option is not available.
Conclusion
First, Arum Capital is regulated by the well-respected watchdog, CySEC. So, your money will be safe while working with this broker. Also, MetaTrader5 is supported, the execution time is fast and they offer many different trading instruments. On the other hand, $500 deposit limit is very high and spreads&commissions are not attractive.
