Arum Trade Review

Is Arum Trade Scam or Legit Broker?

No, it is not safe to trade with Arum Trade as it is an offshore entity. ARUM Trade LTD is a Vanuatu Investment Firm incorporated and registered under the laws of the Republic of Vanuatu. T

• The Vanuatu jurisdiction gained its popularity among the investors and business owners in the Forex industry looking to become a regulated broker, yet obtain its status through a simplified process and operate almost without supervision. The VFSC regulator does not require strict proof of the company background and does not check on the implementation of the secure fund management or operation guidelines. Also, it does not require regular reporting and never imposes fines in case of fraud operation. You can read more about Forex Trading: Why Avoid Brokers from Vanuatu in our article.

What is Arum Trade?

Arum Trade is an international investment company, providing access to a wide range of trading instruments: currency pairs, stock market indices, precious metals, share and cryptocurrency CFDs. The Company gains liquidity from the biggest liquidity providers, ensuring extra-high speed of transaction execution. The broker offers the MetaTrader5 platform (Find MetaTrader 5 brokers by the link).

• It is clear that Arum Trade has been targeting Mexico and Russian residents mostly since the two main languages supported by the website are Russian and Spanish. In addition, the broker provides three contact numbers in Russia, Mexico, and Cyprus. However, there is no information about broker’s offices or regulations in any of these countries. We can surely say Arum Trade is an unregulated broker that cannot be trusted. 

Overall Arum Trade Ranking 

Based on the revelations of our research there are multiple issues with Arum Trade regulation and reliability, thus we do not rank positively Arum Trade, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Arum Trade Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Arum Trade Alternative Brokers

Taking into consideration the Arum Trade safety issues we found during our research, we suggest much better Alternatives to Arum Trade with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

• BlackBull Markets – Best for Copy Traders
• XM – Broeker with Low Minimum Deposit
• Interactive Brokers – Good for Stock Trading

Deposits & Withdrawals

Arum Trade offers a large variety of deposit methods: Electronic Payment Methods (Skrill, Neteller, AstroPay), Bank Wire Transfers (National Bank of Vanuatu and Local bank in Dubai), and Credit/ Debit cards (Visa, MasterCard, American Express). 

• Credit cards transfers will be credited only if a copy of the credit card is available as the Company may request it 
• Clients need to inform the company if the corresponding bank and/or other paying details have been changed, at least 3 working days before the withdrawal 

Arum Trade Review Conclusion

We advise all investors and traders to avoid Arum Trade and other offshore brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and FP Markets.

• Overall ranking and experience for Arum Trade is Negative