Aurum Markets Forex Review

Read our full Aurum Markets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased Aurum Markets opinion allows our readers to decide whether Aurum Markets is a reliable broker.

Aurum Markets Forex Broker History

Aurum Markets is an unregulated Forex and CFDs broker established in 2024. The broker is registered in Mauritius, making it an offshore CFDs broker. The broker is also incorporated in Saint Lucia. Since Aurum Markets is so young, it is difficult to call it an experienced and reliable FX broker. This is a major red flag and makes it impossible for us to recommend this broker to our readers.

The broker advertises itself as a true ECN broker, but it offers several standard accounts with spreads and only one ECN trading account type where it offers lower spreads but charges commissions. The leverage is 1:200 on the ECN account and up to 1:1000 on other accounts. The minimum deposit starts at 10 USD but is not the same for all trading account types. Trading platforms offered include MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Aurum Markets broker safety

Aurum Markets is not regulated by the jurisdiction entities it is registered in, which is a serious downside. Unregulated brokers are highly risky, and most of them are scams and fraud, making it very risky to sign up with this brokerage firm. As a result, the broker is not part of the investor compensation fund but does provide negative balance protection, which are very important policies in FX trading. Negative balance protection is a policy that is crucial in trading as it protects traders from losing more than their trading accounts, and Aurum Markets offers this critical protection, which is good.

Aurum Markets Broker Review of Accounts

The broker offers several account types, such as standard, cent, ultra, and ECN accounts. Let’s compare each of them to see how attractive the conditions are.

Aurum Markets Demo account

The broker offers a demo account, which is important for testing the broker’s services and developing trading strategies. A demo account is great for trading with virtual money.

Aurum Markets Cent account

The broker offers a cent account, which is good for beginners on low budgets. This account starts from 10 USD. However, the spreads start from 2 pips on major FX pairs, which is very expensive, making it impossible to use scalping strategies. Traders will have to use strategies that are aimed for medium and longer-term. There are no commissions charged, and the maximum leverage is up to 1:1000, which is very high. Traders can access Majors, Minors, Metals, Energy, US30, SP, and more. The minimum lot size is 0.01 lots. This account does not allow Expert Advisors (EAs).

Aurum Markets standard account

The standard account also requires at least 10 dollars as a minimum deposit. There are no commissions, and the leverage allowed is also up to 1:1000. The minimum lot size is 0.01 lots. Traders can access Majors, Minors, Metals, Energy, US30, SP, and more.

The spreads on the standard account are slightly lower than on the cent account and start from 1.8 pips, which is still very expensive. The standard account allows traders to use EAs.

Aurum Markets Ultra account

The Ultra account type by Aurum Markets requires at least 200 dollars, and it offers much lower spreads from 0.9 pips and charges no commissions. These are much better conditions and should allow traders to trade with day trading strategies, unlike the previous two account types. This account allows traders to deploy EAs.

Aurum Markets ECN Account

The minimum deposit is 500 dollars for this account type. The ECN account is for scalpers as it offers raw spreads, which are mostly even lower than the ultra account. However, the ECN account charges commissions of 7 USD round turn per lot traded. This account allows EAs, the leverage is 1:200 fixed. The minimum lot size is 0.01 lots. This account is best for scalping strategies and traders who use ultra short-term methods, but the reliability of the broker is very questionable. Stay away.

Aurum Markets instruments

The broker allows access to Forex pairs, commodities, indices, and cryptos. This is diverse, but the broker also has very high leverages, which makes it risky to speculate in CFDs.

Aurum Markets Reviews of Trading Platforms

The broker allows access to advanced trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms support custom indicators and Expert Advisors (EAs). The broker allows EAs on most of its account types, except cent accounts.

Mobile trading is available via mobile apps of MT4 and MT5, which is flexible.

Aurum Markets Forex Review of Extra Features

The broker offers several extra features. There are two bonus features available. One is the 100 USD bonus trading account for new customers, which allows traders to trade for 15 days and withdraw some profits. The other one is a bonus of 25,000 USD. There are no other features or promos offered except for a refer-a-friend program.

Aurum Markets Reviews of Customer Support

The broker only offers two customer support options, including hotline support and an email channel. There is no live chat, which is a serious downside. Live chat is the fastest and most convenient support option, and the broker should work to provide it as well.

Aurum Markets Deposit and Withdrawal

The broker charges zero fees for both deposits and withdrawals. Aurum Markets accepts payments such as Skrill, Neteller, and cryptos. Traders can also use local bank transfers, but this is the lengthiest process. The broker promises instant and up to 1-hour processing for withdrawals, which, if true, is very competitive. However, we can not confirm that these claims by the broker are true as there is no sufficient amount of trader reviews.

Aurum Markets Review Conclusion – Can you trust Hankotrade?

Aurum Markets advertises itself as a Forex and CFDs broker that offers multiple account types, advanced trading platforms (MT4, MT5), and high leverage of up to 1:1000. The broker lacks regulations, which raises serious concerns about trader security and fund protection. The broker offers attractive features such as ECN accounts, bonuses, and a range of instruments. However, the spread on standard accounts is super high and lacks live chat. Traders should be very cautious when using this broker’s services as it lacks regulations and trader feedback.

FAQs on Aurum Markets

Is Aurum Markets a scam?

Aurum Markets scam is highly likely as the broker is not regulated by any authorities and is registered offshore. There are no trader reviews on any reliable platforms either.

What is the Aurum Markets minimum deposit?

The minimum deposit at Aurum Markets starts at 10 USD for its Cent and Standard account types.

Is Aurum Markets a cheap broker?

Yes, the broker has very low minimum deposit requirements (10 USD), offers leverage of up to 1:1000, and charges no fees for withdrawals and deposits.