Is Arum Trade a 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. License of Vanuatu Financial Services Commission (VFSC): Dealing in Securities (Principal’s License) No. 40490. 

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, nor check on the implementation of the secure fund management or operation guidelines, does not require regular reporting and further on never impose fines in case of the fraud operation. You can read more about Forex Trading: Why Avoid Brokers from Vanuatu in our article.

About Arum Trade
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is Arum Trade safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

Arum Trade is an international investment company, providing access to the 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, that ensures extra-high speed of transactions execution. The broker offers the MetaTrader5 platform.

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

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.

You can also share your trading experience with Arum Trade by commenting on this review.

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One response to “Arum Trade”

  1. Asi es; no confien en esta empresa, es una estafa a la hora nadie responde son unos mentirosos, me quitaron acceso a mi cuenta varios meses atras para que no me diera cuenta que me la habian vaciado.. y ninguno de los dichosos traders se hace responsable, ya ha pasado un año desde que cometi el peor error de mi vida, confiandoles a esta gente que vive de los ajeno con 5000 uds y hasta ahora nada.. quien haya tenido el mismo problema y este demandando la unión hace la fuerza, contactame 6242627801, tengo pruebas de correo y whast app intercambiados como pruebas.

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