ARPtrade claims to provide an outstanding trading ecosystem. However, we find their claims to be dubious, as it has become all too common for scams to boast such accolades. To separate fact from fiction and determine the true nature of this company, we invite you to read our brief review.
- ARPtrade General Information
- Registration and Client Portal Review
- ARPtrade Trading Conditions
- Account Types Review
- Trading Platform
- ARPtrade — Deposit and Withdrawal of Funds
- Additional Options
- Is ARPtrade a Scam?
- Legal Information and License
- Arptrade.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
ARPtrade General Information
|Address||Proveniersplein 9, 3033 EB Rotterdam, Netherlands|
|Leverage||Up to 1:300|
Registration and Client Portal Review
The official website of ARPtrade leaves much to be desired. It presents a simplistic and generic design that fails to capture attention or convey a sense of professionalism. The overall layout appears to be a basic template that lacks originality and fails to provide a distinct identity for the broker.
Moreover, navigating the website reveals limited features and functionalities. The sections and pages are basic, offering only essential information about account types, trading instruments, and basic educational resources.
Moving on to the registration process, it is remarkably straightforward. Traders are only required to provide their basic contact details, such as their name and surname, and create a password. It is worth noting that the broker does not immediately verify the provided email or phone number. This lack of verification can be concerning as it raises questions about the broker’s commitment to security and the possibility of fraudulent activities.
As for the Client Portal, it too falls short in a negative sense. It is equally minimalist, offering only the most basic functions. The portal’s design and features lack originality and innovation, indicating that it is not a unique creation of the broker. In fact, it appears to be a widely used template that we have encountered numerous times before.
ARPtrade Trading Conditions
It is time to explore what outstanding offerings ARPtrade claims to provide within its trading ecosystem, although we don’t have high expectations.
Account Types Review
So, let’s delve into the account types offered by ARPtrade: Classic, Silver, and Gold. Interestingly, the broker tries to convince clients that the Gold account is the most popular. However, it is hard to believe this, considering the minimum deposit requirement of 25,000 euros. Now, what do beginners with a modest deposit of 250 euros get?
For those starting with the Classic account, they can expect the leverage of 1:200, basic spreads, and technical support available 24/5. Moving up to the Silver account with a deposit of 5,000 euros, traders receive three signals per week and weekly sessions with an analyst. Finally, those who opt for the Gold account receive personalized training sessions with an analyst, trading signals from Monday through Friday, and the increased leverage of 1:300.
Meanwhile, in contract specifications, the leverage ratios are exactly the same for all accounts. The only difference lies in the type of instrument. For example, you can only obtain 1:100 leverage for currencies, and it is even lower for CFDs on stocks.
It would be interesting to know if there are any successful traders willing to deposit a hefty 25,000 euros just to access these trading signals and training sessions. The offerings seem tailored towards a select few, raising questions about their practicality and usefulness for the average trader.
WebTrader by ARPtrade can be described in a negative light as it falls short in meeting traders’ needs. The platform’s simplicity is evident, but unfortunately, it lacks the advanced features and functionality that traders often seek. The basic design and limited customization options may leave traders feeling restricted and unsatisfied with their trading experience.
One significant drawback is the absence of a downloadable trading terminal or a dedicated mobile app.
ARPtrade — Deposit and Withdrawal of Funds
ARPtrade offers multiple options for depositing funds into your trading account, including card payments and bank transfers. The broker does not impose any additional commissions for this payment method. However, for bank transfers, you will need to contact a manager to obtain the necessary details.
When it comes to withdrawals, the processing time varies depending on the type of account you have chosen. If you have a Classic or Silver account, it may take up to 5 days to receive your funds. On the other hand, clients with a Gold account can expect their withdrawal requests to be reviewed within 3 days.
Verification is a mandatory process at ARPtrade. Traders are required to submit the necessary documents for identity and address verification. The ARPtrade team reviews the submitted documents to ensure they meet the regulatory requirements.
Once the documents are successfully verified, traders receive confirmation that their account has been verified. Specific document requirements and the verification process may vary. It is recommended to consult ARPtrade’s official website or contact their customer support for detailed information.
ARPtrade offers deposit bonuses ranging from 50%, 60%, to 70% depending on the account type. Additionally, they provide services such as trading signals and market analysis. However, it is uncertain whether these services are of high quality or worth the cost. The quality of the signals and the reason behind their high price remain unanswered questions.
Is ARPtrade a Scam?
Of course, ARPtrade claims to operate legally with complete integrity. However, let’s be honest, what scammer would admit to being a scammer? That’s why we exist – to expose such practices.
Legal Information and License
The process of verifying the legitimacy of the broker started immediately with our curiosity. On the official website, they provide an address for their office in the Netherlands and a Dutch phone number, suggesting that the broker operates there. However, in their document titled “Term and Conditions”, it states that ARPtrade resolves all disputes with clients according to the laws of the United Kingdom. Surprisingly, there is no record of such a company in any registry.
Since the company is not officially registered, it implies that it lacks the necessary licenses. In other words, it is evident that they operate without regulation. At the very least, the excessively high leverage ARPtrade offers would never be permitted for retail traders by the Dutch regulator.
Arptrade.com Domain Info
As for the company’s claimed history, such as operating since 2011, and other myths, it can be easily debunked. Simply checking the registration date of the broker’s domain reveals the truth. Unfortunately, there is no good news to share. The official website of ARPtrade appeared on May 8, 2023, making it a newcomer. There is no evidence of 11 years of operation whatsoever.
As for the contact information, ARPtrade provides both an email address and a phone number. However, our concern lies with the elusive address. The problem is that it is fake. There is no registered broker by the name of ARPtrade at that coordinates.
Pros and Cons
- Short lifespan.
- No official registration.
- Lack of license.
- Dubious services.
- negative reviews.
Frequently Asked Questions (FAQ)
ARPtrade offers online trading services, allowing clients to trade various financial instruments, such as CFDs on stocks, and commodities, through their platform.
The minimum deposit amount with ARPtrade is determined by their trading conditions and starts at 250 euros.
The safety and reliability of ARPtrade as a brokerage firm are questionable due to the lack of proper regulation and transparency. As an unregulated entity, there is no oversight or guarantee of client protection. It is important to carefully consider the risks associated with investing in an unregulated broker.