ARUM Trade (Arumtrade.com) is another rotten Crypto Currency and Forex broker stealing from anyone who signs up. ARUMTrade is simply trying to defraud unsuspecting online investors who sign up. After receiving numerous email complaints, we decided to investigate this platform. Most members are crying foul over what they term as unfair treatment by this broker. What’s happening with this broker? Read this detailed and honest ARUM TRADE review for more.
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After going through these touching emails, we knew something was amiss. There’s no way over twenty members can be crying over the same thing. It seems this broker is refusing members to make withdrawals. This is not the first time a shoddy broker has refused to give withdrawal access to members. Professional scam artists will create a visually compelling website and lure investors to sign up. Once you deposit funds with ARUM Trade, it’s the last you will hear of it.
Cloning websites is what scam artists are known for, ARUM Trade is no different. They have created a website which looks real but has some hidden flaws. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Make sure to sign up with this broker or else face the consequences. Trading with ARUM Trade is prohibited as we are about to reveal their dirty secrets. Stay away from this broker and learn what their tricks are in this detailed ARUM TRADE expose.
According to the disclaimer at the footer of their homepage, this platform is owned by ARUM Trade LTD. Details clearly show we are dealing with a platform based in Vanuatu. What this means is we are dealing with an offshore broker. Offshore brokers are a huge risk as they can close shop any time they deem to. Who are the founding members of this platform? Why can’t users get actual names of people running this platform? These are some questions we need answers to.
Anonymity is a dangerous partner to associate with, why deal with one? Most traders don’t conduct a thorough research as they ought to. Before signing up with any online trading platform, make sure you conduct a proper research. Who are these brokers and what are they up to? Reading reviews is one way of ensuring you know what to expect with a certain trader. It seems ARUM Trade is having negative comments all over the trading world. Simply stay away from such illicit trading platforms.
After checking with most international regulatory bodies, no information popped up regarding their licensing. Stay away from such brokers as they don’t follow set industry regulations and rules. According to the disclaimer at the footer of their homepage, they claim to be registered. We checked with the Vanuatu Financial Services Commission and no results popped up. It seems ARUM Trade is using fake registration details to make their product appear to be regulated.
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Other well-known regulatory bodies have never heard of this platform. Bodies such as ASIC, CySEC, FCA, and NFA all have no clue of this broker. It seems we are dealing with another platform which must be luring users with fake credentials. Registration number posted on their homepage was not recognized by VFSC. Why have they failed to post any copies of their license or registration details? There’s no Legal page where users can verify whether their documents are true. Simply put, they have no trading license.
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Having two trading platforms is not a bad idea, providing adequate protection is what’s imperative. ARUM Trade is furnishing users with two trading platforms, MT4 and MT5 trading platforms. Make sure to sign up with platforms which have SSL encryption to help protect you from third party attacks. In order to test how well their platforms work, we decided to download them and check compatibility. Sadly, these platforms could not work well on Android and iOS.
It seems we are dealing with an unstable platform due to lack of proper security features. Whoever signs up with this broker should know hackers are itching to get your credit card details. Hackers will also purchase goods online and pay using your credit card details. Stay away from ARUMTrade or risk being a hacker’s next target.
Another shocking issue with ARUM Trade is fooling users with their demo account. Members are easily led to believe they can make insane profit margins with this platform. What these scam artists have done is rig their demo account to produce insane profit margins. A demo account is used to welcome users and get to have a feel of what to expect. These scam artists have made sure their demo account makes over 98% successful trades. And this is not possible with any type of trading market.
What these scam artists are after is to entice users to sign up with a real account hoping to mirror same results. Ensure you check how well a demo account produces results. No robot or expert broker can achieve over 90% successful trades.
Sadly, funds are not secure from a broker with no license and based offshore. Stay away from this broker as they are most likely going to take your money. Why have they failed to give users relevant information regarding funds? Did you know members are depositing funds straight to owner’s personal bank account? Now you know users are enriching the pockets of this broker.
ARUMTrade is merging funds in one account which is prohibited for a number of reasons. Stay away from this broker as bankruptcy can occur at any given moment. Whoever signs up with this broker is going to have a serious headache. Don’t expect any compensation as ARUMTrade is not insuring funds deposited by members. Why face such risks when you now know every trap set by this broker?
Evidence clearly reveals ARUM Trade is a scam which must be shunned by all stakeholders. Stay away from platforms which share same characteristics. Make sure to check the license status of any broker before signing up.
Adding this broker to our scam blacklist will help aid in protecting our readers. Mark all their emails as Spam and never click on any links sent by their email marketing team.
Vá para a negociação Forex robots which have been given the green light by trading experts. What are you waiting for?
Wishing all investors a happy trading experience.
Ajude-nos a combater fraudes. Faça uma doação para apoiar nosso trabalho. Nenhuma quantidade é muito pequena ou muito grande. Obrigado..
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