FX week in review: Skilling raises 10M, FCA actions on EU brokers and ads, Capex com-XTB exec swap

Moreover, since 1 August 2018 The European Securities and Markets Authority has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients. Positions can be hedged, and the platform also supports algorithmic trading. Trading can be done 24 hours per day for five days and phone dealing is only supported on closing.

The relative drawdown of 56.22% is very high and way above the https://forexhero.info/ty threshold used in the forex industry. This shows that the system can lose more than half of its account balance while trading. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. FCA cancels permission of Cypriot FX broker Arumpro Capital Limited. The UK Financial Conduct Authority today posted a notice as to Cyprus Forex broker Arumpro Capital Limited .

Primus Forex Financial Group is the clone company of the forex trading broker Primus Capital Markets UK Limited. But the Primus Forex Financial Group is not licensed in the UK or any other countries. The broker didn’t specify how long you can use the demo account though. Aurum is a hedge fund investment specialist focused solely on selecting hedge funds and managing fund of hedge fund portfolios.

Credit and debit cards, mostly VISA and Master Cards are the primary payment methods used for depositing and withdrawing funds. ARUM Capital offers a variety of payment methods that include bank transfer, credit card, Qiwi Wallet, Skrill, and Neteller. Finding a reputable ARUM Capital review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Below is an in-depth review of ARUM Capital to help you make an informed decision before opening your account or trading on their platform. It popped up in demat account showing allotted nos and eligibility to trade. Not sure when the rights buy window closes and than it should show up in ipo section.

JustForex – Account Types

This account also requires a minimum deposit amount of 500 USD and also uses the MetaTrader 5 platform. A forex account is a trading account held by a trader with a company like ARUM Capital, which is primarily issued with the purpose of trading currencies. Finding the right broker for your Forex trading needs and requirements can be a difficult challenge, regardless of your prior experience in the market. The trading market offers a wide variety of options, among which, unfortunately, you’ll come across some scam brokers as well.

• The broker offers three different platforms – MT4, MT5 and ZenConnect.
• Arum Capital is a Forex broker founded in 2017 in Cyprus and regulated by the Cyprus Securities and Exchange Commission .
• He has served on several boards of both public and private corporations as the “financial expert” and has been CFO for multiple large energy companies including the National Oil Company of Trinidad & Tobago.
• I like how the broker has first-class liquidity from top liquidity providers , using some of the largest LPs including the British provider LMAX Exchange and the Swiss bank Swissquote.

However, our main concern is that the broker is an Offshore, the one we do not recommend trading with, as simply that kind of license does not provide the necessary tools to guarantee a safe trading environment. Our research revealed that the Zeurcher Capital website is inactive.This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. Over his career, Jack has built an elite base of political, commercial, and individual contacts throughout the world. He uses these contacts and his 30+ years in financing energy projects to provide global development for Aurum by introducing the company to industry-leading energy and financial institutions globally. They are if you invest in the UK branch because the broker will then segregate your funds and you’ll be entitled to compensation according to the FCA’s rules if something goes wrong with the company.

Ramadan Trading Bonus – Axim Trade

It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too. It is fast and user-friendly, and a trader can use more than 50 technical indicators and run expert advisors on it.

Forex brokers tend to lure new traders with offers of attractive deposit bonuses. This can be useful, but it is essential to discern what a proper bonus is. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. Execution-only brokers, which is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions. There is no deposit fee for traders that use a bank transfer but when you want to withdraw money to your account, you can be charged commission, as well as when using Qiwi, Skrill, Neteller, or a credit card.

Now, even more trading indicators and chart objects are available for market analysis, execution of a trade in just one click. Traders may use MetaTrader 5 as an application or as a web-based browser, the cutting-edge improved trading platform. A demo account is available, as is typical with nearly all spot Forex and CFD brokers.

RoboForex Forex Trade Platform and Broker Review

arum capital review Capital has a customer service team that you can reach via telephone, email, and online chat. Unfortunately, they don’t offer 24/7 customer support unlike some other brokers such as EXANTE. Keep in mind that the broker does not offer services to some countries such as the USA, Canada, Japan, Brazil, North Korea, Belgium, France, and the non-cooperative countries under FATF. If your country is not accepted by this broker, I recommend checking out our broker comparison tool for alternatives. As for trading platforms, Arum Capital has chosen the traditional way of using MT5 as the only platform.

The issue size of Aurum PropTech Rights Issue 2022 is of 42,944,533 equity shares at ₹80 per share aggregating upto ₹343.56 Crores. The eligible shareholders are being offered 3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on the Record Date . The vendor behind this EA is Cashmaker.io, a company located in the Republic of Slovakia in the European Union. They provide no other information about their profiles in terms of names, degrees, certificates, etc.

OANDA – Account Types

EU-Capital is a brand owned and operated by Gelko Partners LTD. Gelko Partners LTD is located in the Republic of the Marshall Islands. ECM Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. According to our research and our finds, ECM is not a secure broker because is based solely in offshore zone and does not guarantee its trading environment. Mayna has over 10 years of experience leading, managing, and supporting operational excellence. She has joined the team to implement strategic operational improvements and restructuring, along with executive-level assistance to support the expansive growth of the company. Aurum offers secured debt investment to finance of clean energy-backed infrastructure deployments.

Besides safety, we also assess the trading features of our testing subjects. These include execution policies, leverage rates, commission levels, and much more. First things first, we’re interested in how a broker can protect your safety in the market. Regardless of how fancy or lucrative its trading features look, a broker must offer much-needed safety when trading Forex. The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds.

He’s been featured in digital asset summits across the world and has participated as a keynote speaker to discuss the institutionalization of the digital currency mining space. In the meantime, they established themselves as arguably the greatest trading platforms in the world. The SC states that Zenfinex has been “carrying on unlicensed capital market activities of dealing in securities.” It comes as no surprise since companies often open offshore subsidiaries to access distant markets. Investing our clients’ capital alongside our own since 1994 across multiple market cycles. Aurum has always remained independent and this ensures that we remain free to invest in accordance with our conviction, and every decision we make is made in the best interest of our clients.

As the broker holds a European CySEC license, you may be entitled to compensation from the Investment Compensation Fund , in the event that the broker is unable to fulfil its financial obligations. Though I recommend going through the terms and conditions since they’re pretty specific on who is eligible for these compensations. Your funds should be held in segregated accounts away from the broker’s funds so that they cannot be used for any other purposes such as the business running costs are hedging. The STP license of the European regulator makes it an obligation for any regulated company to transmit all client transactions to liquidity providers. ARUM Capital can be tried out by potential traders, knowing that it is regulated by the well-respected CySEC. While your money will be safe, MetaTrader 5 will ensure a fast trading execution time and many different trading instruments.

For most other methods, the broker charges a commission of 3.5%. According to the rules of CySEC, ARUM Capital is also a member of the Investor Compensation Fund that protects clients’ funds. Cyprus has attracted lots of forex brokers in recent years due to its EU membership which allows companies to operate under the MiFID directive too. Various of these trading instruments are offered by ARUM Capital. The selection includes 70 currency pairs, 11 CFD-contracts on indices, 7 CFD-contracts on metals, 3 CFD-contracts on energy, and 5 CFD-contracts on crypto-currencies.

Hirose Trade Forex Trade Platform and Broker Review

Disappointingly, there are only a few markets available as Arumtrade broker offers 42 currency pairs, 5 indices CFDs, 5 commodities, and 2 cryptocurrencies. Traders do not have the diverse opportunities that are available with most brokers. Arum Capital can be a good choice for traders who are comfortable with the MT5 platform and who would like to trade through ECN with narrow spreads. At the same time, traders using Arum Capital can be sure that the broker is fully regulated and that their deposits of up to 20,000 euros will be refunded regardless of what happens to the broker. Arum Capital offers ECN tight spreads, averaging around 0.3 pips for EURUSD and 0.7 pips for GBP/USD.

This fact has attracted many businesses to offshore their operations to these remote islands, taking advantage of the easy business requirements, the absence of stringent rules, and the cover of the license. Thank You Aurum Capital London for the incredible, helpful and friendly service. I will be sharing my positive experience with Family and Friends – which in turn I hope you will get more business from. Antony and Aurum Capital Lond have given me excellent service along with professional and excellent advice, I would not look at taking my business anywhere else. They go over and beyond pleasing the client and making sure you as the clients needs are met in what you can afford and gain from there products.

IFC Markets Forex Trade Platform and Broker Review

The conditions of the broker’s license and liquidity providers oblige them to link every transaction to an independent service provider. Arum Capital has a choice of 2 main types of ECN trading accounts. I like how you can choose between tight spreads from 0.0 pips with a small commission fee on top, or spreads from 0.7 pips with no commission fee. I use scalping systems that rely on tight spreads so I would be looking at the ECN standard account. The minimum deposit is not the lowest you will find but acceptable.

Skilling raised the new funds from what it called “seasoned Scandinavian investors,” without providing any specific names (more on the company’s background and funding sources follows below). The company added that latest financing was done at a valuation premium of “nearly 50%” to its valuation a year ago. Skilling said that the financing was done on the back of what it termed a record year, with triple-digit yearly increases in active users, trade volumes and revenues. We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets, BDSwiss, or FBS.

The use of an ECN allows investors to trade outside traditional trading hours and provides a mechanism for traders that can’t be active during normal market times and those who prefer the flexibility of wider availability. The company business model does not allow that traders’ orders may be influenced in any way and the world’s largest banks are used as partners to the traders. ARUM Capital does not give bonuses, does not have micro accounts, binary options, or extra-high leverages and strives to act with great transparency in all its dealings. While it’s preferable for a broker to charge low commissions, there should still be a reasonable rate of fees on the platform.

Arum Capital offers a selection of more than 70 major and minor currency pairs, several cryptocurrencies, as well as CFDs on major stock indices, metals, oil and natural gas. ARUM Capital offers various account types, including standard, premium, and VIP accounts. ARUM Capital is an online forex andCFD brokerproviding trading services to individuals and institutional clients. ARUM Capital warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

These brokers are tested in every possible way, whether it’s their regulations, security features, trading terms and conditions, or software characteristics. The company operates and builds PropTech products, services and platforms that are focused on the B2B, B2C, B2B2C and D2C Real Estate Value Chains. PropTech business operates through the following technology platforms Aurum Listing, Aurum Crex, Sell.do Kylas, and BeyondWalls. FCA to tighten rules on how high-risk financial products are marketed.

It can become confusing because on this account type the tradable assets are mentioned differently in comparison to the “instruments” tab. You will be asked to submit identification documents and credit card details, but since Arumtrade is a scam broker, you need to be aware that the information you will deliver is probably not in safe hands. There are 5 indices CFDs that can be found for trading with Arumtrade – they include US corporations indices, besides the Japanese, French and Australian indices. Arum trade is a broker located in Vanuatu and is registered in the Vanuatu Financial Services Commission, which raises the first red flag that concerns every trader. We do not offer services to countries such as USA, Canada, Belgium, Brazil, France, Iran, Japan, North Korea, and the non-cooperative countries under FATF.