The scammers are making every effort to divorce Russian-speaking clients – and in the case of Arum Capital, the pseudo-broker even received a real license from the regulator. Although the service positions itself as European, it serves traders mainly in Russian, leaving relevant contacts.
Arum Capital legal information
The company is registered in the territory of Cyprus and indicates the corresponding address on the footer of its website. The broker’s main office is located at the same location – according to some sources, it is not too located for visitors. Employees note that the main staff works in Russia, but there are no physical representations on the territory of the country.
The broker does not explain in any way what is the reason for the registration and obtaining a license in Cyprus. The service received permission to conduct brokerage activities from CySEC in 2017, and later announced its compliance with the MiFiD directives.
Documents for traders and contacts
Despite the lack of transparency in legal matters, Arum Capital broker does not lie about starting its work and openly publishes reports, contracts, compensation fund policies and other documents.
The “European” broker with Russian, apparently roots, works exclusively with clients from the countries of the former CIS. Foreign traders do not even suspect the existence of such an intermediary. The site contains telephones and mail for communication; the company has not updated social media accounts since 2019.
Trading with Arum Capital broker – accounts and conditions
It is not customary for fraudsters to add a demo account to the platform, but this service has such an opportunity. As for real accounts, Arum Capital’s official website publishes a very superficial description of existing accounts:
The main execution model is ECN / STP, with Arum Capital using it and opening an account.
There is no information about the minimum deposit – scammers can agree to any amount.
The maximum leverage is 1:30, the minimum spread starts from 0 pips.
More than 100 assets are available – CFDs on metals, indices, currency pairs, energy.
There is only one trading platform available – MT5 for PCs and phones without additional services.
Additional services for clients
The company does not provide either analytical or training materials. According to the dates of the site update, we can conclude that the broker does not care at all about the relevance of the data – there is every reason to believe that this is just a scam. An economic calendar and a calculator are offered as a distraction.
A trader can learn how to request a withdrawal from Arum Capital from the specially designated section. The intermediary supports bank transfer, credit pairs, and payment systems.
The conclusion of the review of the exchange intermediary Arum Capital
The license from the Cyprus regulator does not apply to residents of Russia and the CIS countries, which means that investors are vulnerable to open withdrawal of the deposit. Numerous negative comments and reviews published about Arum Capital indicate that the service deliberately delays the execution time of transactions, allows serious slippage and widens spreads. It is not recommended to cooperate with the company.
