AURUM MARKETS

Aurum Markets is an online forex and CFD broker founded in 2017 and headquartered in Mauritius. The company, legally named Aurum Markets Limited, is registered at Office no. 212, Ground floor, Block A, The junction Business Hub, Calebasses Branch Rd, Calebasses, Mauritius. It holds a Securities Trading License from the Financial Services Commission (FSC) of Mauritius, which is considered an offshore regulator with less stringent oversight compared to top-tier bodies like the FCA or ASIC.

The broker aims to serve both retail and institutional clients by offering competitive trading conditions, including low minimum deposits, high leverage, and multiple account types. It prominently advertises its support for MetaTrader 4 and MetaTrader 5 platforms, popular among traders for their advanced charting and automated trading capabilities. Aurum Markets also promotes various promotions, such as a $100 no-deposit bonus for new clients, though conditions apply.

Aurum Markets is regulated by the FSC in Mauritius, a jurisdiction known for its business-friendly regulatory environment. While the FSC oversees licensing and compliance, it is generally considered less protective for retail traders than regulatory bodies in the EU or UK. The broker operates under a Securities Trading License (number 195270GBC), which is publicly verifiable on the FSC's register. However, the regulator does not offer compensation schemes or investor protection funds, meaning traders may have limited recourse in case of disputes.

Outside of its FSC license, the broker does not appear to be regulated by any other major authority. As of our research, no clone or impersonator websites have been detected. The broker's risk profile, as assessed by aggregated industry data, is 'Guarded' with a score of 43 out of 100, reflecting the regulatory environment and mixed user feedback.

Aurum Markets offers four account tiers designed to accommodate different trader experience levels and capital sizes. The Ultra account requires a $200 minimum deposit and provides a maximum leverage of 1:500 with spreads starting from 0.9 pips. The Standard and Cent accounts start at just $10, offering leverage up to 1:1000 but with wider spreads (from 1.8 and 2.0 pips respectively). The Elite account is the premium option with a $500 deposit, commission-based pricing ($7 per lot), and dynamic leverage up to 1:200.

All accounts include the same tradable instruments: forex majors and minors, metals (e.g., gold, silver), energy (e.g., oil), and indices like US30 and SP (likely S&P 500). The broker does not charge commissions on spreads-based accounts (Ultra, Standard, Cent), while the Elite account incurs a fixed commission. Leverage is advertised as high, particularly on Standard and Cent accounts where 1:1000 is available. Islamic (swap-free) accounts are offered as well.

The broker provides the widely recognized MetaTrader 4 and MetaTrader 5 trading platforms. MT4 is particularly favored for forex trading due to its extensive charting tools, technical indicators, and Expert Advisors (EAs) for automated strategies. MT5 offers additional features such as more timeframes, an integrated economic calendar, and improved backtesting capabilities. Both platforms are available for desktop, web, and mobile devices (iOS and Android).

Aurum Markets does not disclose a proprietary trading platform, focusing solely on the MetaTrader suite. The broker states that its infrastructure supports fast order execution and minimal slippage, though specific execution details are not provided. Traders will need to rely on the standard tools provided by MT4/MT5 for analysis and trade management.

The broker accepts deposits via Skrill, Visa, and Mastercard, with no minimum deposit specified beyond the account minimums. Withdrawals are processed through Neteller and Skrill. The broker does not list bank wire transfers, credit/debit card withdrawals, or other popular e-wallets such as PayPal or Perfect Money. This limited range may be a disadvantage for traders in certain regions.

Deposit and withdrawal processing times are not explicitly stated by the broker. User reviews are mixed: some report instant or very fast withdrawals, while others describe significant delays and blocks. The broker claims that there are no fees for deposits or withdrawals, but third-party payment provider fees may apply. New clients should verify applicable charges directly with the broker.

Aurum Markets positions itself as a broker suitable for both novice and experienced traders, thanks to its low entry barriers and high leverage options. The Cent account, with a $10 minimum deposit, is particularly attractive for beginners who want to trade small lot sizes, while the Ultra and Elite accounts cater to more active traders seeking tighter spreads and lower trading costs. The availability of Islamic accounts also makes it accessible to traders who require swap-free trading.

However, given the offshore regulatory status and a mixed to negative user feedback record concerning withdrawals and trust, the broker may be best suited for traders who are comfortable with higher risk and who prioritize high leverage over stringent oversight. Traders with capital preservation as a primary goal may find more reliable alternatives.