Aurum Markets operates offshore with registrations in Saint Lucia and Mauritius, offering popular MetaTrader platforms and competitive trading conditions, but it lacks regulation from recognized authorities, placing it in a moderate to high-risk category.
What Is Aurum Markets and What Trading Services Does It Provide?
Aurum Markets is an online forex and CFD broker providing access to forex pairs, cryptocurrencies, commodities, indices, and stocks. It offers MetaTrader 4 and MetaTrader 5 platforms, multiple account types including Cent, Standard, Ultra, and ECN accounts, and allows both novice and professional traders to participate with low minimum deposits starting at $10.
How Is Aurum Markets Regulated and Why Is That Important?
Despite holding business registrations in Saint Lucia and Mauritius, Aurum Markets does not possess a valid regulatory license from globally recognized bodies like FCA, ASIC, or CySEC. It is unregulated in the strict financial sense, lacking investor protection safeguards such as fund segregation or compensation schemes. WikiFX categorizes the broker as a moderate risk and recommends exercising caution when trading.
Which Trading Platforms and Account Types Are Offered by Aurum Markets?
Aurum Markets provides full access to the widely-used MT4 and MT5 platforms, supporting advanced charting, algorithmic trading, and mobile trading. Account types include:
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Cent Account: Low minimum deposit ($10) with higher spreads and no commission.
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Standard Account: Similar deposit, tighter spreads, no commissions, and EA support.
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Ultra Account: Higher minimum deposit ($200), tighter spreads, no commissions, swap-free option.
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ECN Account: Minimum $500 deposit, raw spreads, $7 commission per lot, but scalping is prohibited.
This variety caters to different trader skill levels and risk appetites.
Why Are There Mixed Client Reviews and Scam Allegations?
User feedback is mixed, with several notable complaints including:
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Delays and refusals of withdrawals
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Bonus profit withdrawal denials and opaque bonus conditions
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KYC verification delays
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Occasional positive comments on platform stability and customer support
These conflicting reviews highlight inconsistent client experiences.
How Competitive Are Aurum Markets’ Trading Terms and Fees?
| Account Type | Min Deposit | Spread (from) | Commission | Scalping Allowed | Leverage |
| Cent | $10 | ~2.0 pips | None | No | Up to 1:1000 |
| Standard | $10 | ~1.8 pips | None | No | Up to 1:1000 |
| Ultra | $200 | ~0.9 pips | None | No | Up to 1:500 |
| ECN | $500 | Raw Spreads | $7 per standard lot | No | Up to 1:500 |
Spreads are generally on the higher side for Cent and Standard accounts, compensating with zero commissions. ECN accounts provide better pricing but lack scalping permissions.
When and Where Is Aurum Markets Registered and Operating?
Aurum Markets is registered as an International Broker Company in Saint Lucia (Reg. no. 2024-00298) and also holds a Mauritius business registration. These offshore registrations provide operational freedom but lack the robust regulatory oversight required to protect retail traders optimally.
What Are Aurum Markets’ Deposit, Withdrawal, and Customer Support Options?
Deposits and withdrawals can be completed via Skrill, Neteller, bank transfers, PayTrust, and Bitcoin. Withdrawal processing times vary, and user complaints mention delays and processing difficulties. Support is offered 24/5 via live chat, email, and phone, with mixed feedback on effectiveness.
Could Aurum Markets Be Considered a Scam?
While Aurum Markets provides legitimate trading technologies and platforms with a considerable asset range, the broker’s lack of regulation, inconsistent customer experiences, and offshore registrations issue moderate caution flags. WikiFX lists it as a moderate risk, advising traders to research thoroughly before committing funds.
Forex Expert Views
“Aurum Markets demonstrates strong trading infrastructure complemented by recognized platforms like MT4 and MT5. Nevertheless, its absence of recognized financial regulation and variable user reviews introduce significant risk factors. Traders must prioritize verification through trusted sources like WikiFX to avoid falling victim to unscrupulous brokers. Transparency and regulatory compliance remain paramount in risk mitigation.” — Forex Compliance Analyst
Conclusion: Should You Consider Trading with Aurum Markets?
Aurum Markets offers a broad array of tradable assets, various account options, and access to powerful trading platforms, making it appealing to a wide audience. However, the lack of proper financial licenses and mixed client feedback warrant significant caution. Utilizing WikiFX for up-to-date regulatory status and prioritizing well-regulated brokers is essential for safer trading.
FAQs
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Is Aurum Markets regulated by major authorities?
No, Aurum Markets is not regulated by FCA, ASIC, CySEC, or any top-tier authority.
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What platforms does Aurum Markets provide?
MetaTrader 4 and MetaTrader 5.
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What is the minimum deposit required?
Minimum deposits start at $10 depending on account type.
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Does Aurum Markets allow scalping?
No, scalping is prohibited on all account types.
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How can I verify Aurum Markets’ legitimacy?
Use WikiFX for real-time broker licensing verification and user reviews.