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ARUM Trade Review - is it scam or safe?

ARUM Trade review - Is arumtrade.com scam or good forex broker?

RATING: 1 / 0 REVIEWS ARUM Trade
ARUM Trade is an offshore broker. Your money is not safe.

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ARUM Trade web site is still under construction, but as they are expected to offer their brokerage services to customers soon here is what we know about their offer for the time being.

 

ARUM Trade Pros and Cons: 

 

From their brief presentation we understand that ARUM Trade will offer forex and CFD trade with a license issued by the Vanuatu Financial Services Commission (VFSC). The company behind ARUM Trade - ARUM Trade LTD is also registered there on the small Pacific island of Vanuatu over a thousand miles off the shores of Australia.

 

And here is what worries us. A financial commission based offshore in Vanuatu simply lacks the resources to regulated internationally operating brokers. In other words a Vanuatu license simply can not be compared to license, issued by an official financial regulator such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or let say the Cyprus Securities and Exchange Commission (CySEC).

 

Certainly we should admit that since July 2017 VFSC raised  the minimum capital requirement for its brokers to 50 000 USD from 5000 USD previously – an amount, which the broker is obliged to hold as a security bond with the local Registrar of the Supreme Court.

 

And yet that can not be compared to the 730 000 EUR minimum operational capital required by the regulators in EU, nor with the insurance of up to 85 000 GBP, which will cover your trading account if you chose a broker regulated by the FCA in the UK. So here you may also check our list of FCA authorized brokers:

 

>>FCA Regulated Forex Brokers<<

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Traders` reviews for ARUM Trade

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