There are many CySEC regulated brokers out there. And most of them are following the regulation and trying to obey ESMA and MiFID rules. However, there are many of them being fined and blacklisted by other regulatory bodies due to scam activities.
Read our Arum Capital review and find out everything about this specific brokerage.
| Broker status: | Regulated broker |
| Regulated by: | CySEC |
| Scammers Websites: | https://arumcapital.eu/ |
| Owned by: | Arumpro Capital Ltd |
| Headquarters Country: | Cyprus |
| Foundation year: | 2017 |
| Supported Platforms: | MT5 |
| Minimum Deposit: | $500 |
| Cryptocurrencies: | Yes – BTH, XRP, ETH – total 5 |
| Types of Assets: | FX, commodities, indices, cryptocurrencies |
| Maximum Leverage: | 1:30 |
| Free Demo Account: | Yes |
| Accepts US clients: | No |
Arum Capital Regulation and Security
Arum Capital is a broker owned by Arumpro Capital Ltd, based in Cyprus. The company was established in 2017 and regulated by CySEC. There is only one legit domain this broker is allowed to use, arumcapital.eu. If you have been redirected to any other website, either it does not belong to Arum Capital, or the broker created a site for conducting frauds. Be aware of this.
When it comes to the security of the funds, since the broker has been CySEC regulated, there is an ICF, Investment Compensation Fund, established for cases of fraud. As per CySEC, every client that has been scammed is entitled to a refund from this fund up to 20,000 EUR. However, what happens if your loss is higher than this?
Withdrawal Issues with Arum Capital
Here, we come to the main question. Can you withdraw your funds from Arum Capital brokerage? Nobody starts trading for no reason. The idea is to make a profit and to withdraw this profit to your bank account. So, let’s go through a couple of trading terms and see how the withdrawal procedure goes.
First of all, you need to deposit a minimum of 500 EUR, which is a slightly high requirement even for a regulated brokerage. There are two account types with the broker, and the deposit requirement is the same. The only difference between the accounts is the commission broker is charging. The commission is charged twice when opening and closing the trade, which is also not fair.
The leverage complies with CySEC standard and goes up to 1:30 for the Forex market.
There are 69 currency pairs available, 11 indices, ten commodities, and five cryptocurrencies. However, the broker does not offer share trading, which is a bit odd since shares are the base of the trading market.
All the trades are executed on the MT5 trading platform. This is a solid choice. However, there is a reason why 80% of regulated brokers will offer you MT4 instead. It has more features for traders.
Despite the CySEC regulation, the broker does not provide financial services in France and Belgium. We cannot stop thinking about what the reason for such a decision is. The French and Belgium regulators are well-known as strong and protective. Is the broker avoiding penalties? We cannot tell yet in this Arum Capital review.
Many clients have reported withdrawal issues with the broker. If you are one of those, make sure to notify the regulator.
Scammed by Arum Capital?
If you were scammed by Aurum Capital or had any kind of issues, you need to file a complaint and request a chargeback. You need to get your hard-earned money back.
But what is a chargeback? It’s a way of refunding your card in case you were a victim of online fraud.
Contact our support via chat now and start the procedure.
What is Arum Capital?
Arum Capital is an online trading brokerage from Cyprus.
Is Arum Capital a scam?
The broker has several complaints regarding withdrawal issues.
Is Arum Capital regulated?
Yes, Arum Capital has a CySEC regulation.
