Arum Capital
Introduction
Arum Capital is a broker firm that provides trading services for a wide range of financial instruments. The firm is known for its advanced technology, a variety of trading platforms, and a commitment to transparency and fair trading. This review will delve into the details of Arum Capital’s offerings, its strengths, weaknesses, and overall performance in the competitive brokerage industry.
Background and Regulation
Arum Capital is a Cyprus-based broker firm, regulated by the Cyprus Securities and Exchange Commission (CySEC). The firm is also a member of the Investor Compensation Fund (ICF), which provides additional security for its clients’ funds.
Trading Platforms and Tools
Arum Capital offers several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary web-based platform. MT4 and MT5 are popular among traders for their advanced charting features, automated trading capabilities, and a wide range of technical indicators. The web-based platform is user-friendly and accessible from any device with an internet connection.
Assets and Markets
Arum Capital provides a wide range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies. The firm offers competitive spreads and low commissions, making it an attractive option for both beginner and experienced traders.
Customer Service
Customer service is an essential aspect of any broker firm, and Arum Capital seems to understand this. The firm offers support via email, phone, and live chat, and the response times are generally quick.
Education and Research
Arum Capital provides a variety of educational resources, including webinars, tutorials, and market analysis. These resources are beneficial for traders who want to improve their trading skills and stay updated with the latest market trends.
Account Types
Arum Capital offers several types of trading accounts, including Standard, Pro, and VIP. The minimum deposit for the Standard account is relatively high compared to other brokers, which could be a deterrent for beginner traders.
Deposits and Withdrawals
Arum Capital offers multiple deposit and withdrawal options, including bank transfer, credit/debit cards, and e-wallets. However, some users have reported delays in withdrawals, which is a significant concern.
Conclusion
While Arum Capital provides a variety of trading platforms and a wide range of financial instruments, there are some areas where the firm could improve. The high minimum deposit for the Standard account may discourage beginner traders, and the reported delays in withdrawals are concerning. Furthermore, while the firm is regulated by CySEC, it lacks regulation from other major financial authorities, which could raise questions about its credibility.
Overall, Arum Capital appears to be a decent broker firm with some room for improvement. As always, traders should conduct their own research and consider their individual needs before choosing a broker.