Aurum Markets Information
Aurum Markets, established in 2017 and registered in Mauritius, operates without recognized financial regulation. The broker provides a diverse selection of trading instruments—including forex, commodities, indices, and cryptocurrencies—with high leverage choices, MT4 & MT5 support, and low minimum deposits. However, the lack of proper regulatory oversight is a significant drawback.
Pros and Cons
Is Aurum Markets Legit?
Aurum Markets has no regulatory supervision. Though it claims to be registered in Mauritius, it has not received a licence from the Mauritius Financial Services Commission (FSC) or other governing agencies.
Aurummarkets.com, its domain information, was registered on July 2, 2024 and is already running. Several limiting policies, including client delete banned, client renew prohibited, client transfer prohibited, and client update prohibited, protect the domain.
What Can I Trade on Aurum Markets?
Aurum Markets has a diverse selection for traders, including forex, commodities, precious metals, indices, and over 14 cryptocurrencies.
Account Type
Aurum Markets offers four types of live accounts: Cent, Standard, Ultra, and Elite (ECN). All accounts support both demo and Islamic (swap-free) options. The minimum deposit starts from $10, and accounts are tailored to different trader levels.
Leverage
On Cent and Standard accounts, Aurum Markets provides leverage up to 1:1000; on Ultra accounts, 1:500; and on ECN Elite accounts, 1:200 + dynamic leverage. While high leverage might improve profits, it also has high risks.
Aurum Markets Fees
Aurum Markets' rates are reasonable; most account types save ECN have no commissions and fair spreads. Spreads differ by account type; ECN accounts for professional traders have tighter spreads and commissions. All the accounts are swap-free, hence they are appropriate for Islamic (interest-free) trading.
Trading Platform
Deposit and Withdrawal
Aurum Markets does not charge any deposit or withdrawal fees. The minimum deposit is $10, depending on the account type.
Mauritius
