Note: ARPtrade's official website: https://arptrade.com/ is currently inaccessible normally.
ARPtrade Information
ARPtrade is a Netherland-based brokerage company who offers trading services in fcrypto, stocks, commodities and indices. It provides demo accounts for practicing and three tiered live accounts with a minimum deposit of €250. Multiple educational resources through webinars, videos allow traders to interact with experts and peer investors.
However, the inaccessible website, along with the absence of regulation irritates traders about their legitimacy and reliability.
Regulatory Status
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of ARPtrade, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
Downsides of ARPtrade
Unavailable website: ARPtrade's website cannot be opened currently, preventing traders to get to know about its background.
Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.
High minimum deposit: The threshold to open an account with the broker is €250, a little high comparing to industry average which usually starts below $100. This can stop many investors with limited capital.
Limited transparency on trading conditions: The broker does not disclose necessary info on spread, commissions, etc.
Shabby trading platform: ARPtrade only offers a web-based trading platform for trading, with no advanced trading tools or functions.
What Can I Trade on ARPtrade?
ARPtrade provides trading services to several trading instruments, mainly in 5 asset classes.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energyproducts like crude oil.
Stocks: Stocks represent ownership stakes in large companies such as Apple, Tesla etc., allowing investors to participate in their profits and losses.
Indices: Indices are statistical measures that represent the performance of a group of stocks.
Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than coARPtradentrating on a single one you feel optimistic about.
Account Type/Fees
ARPtrade provides a demo account for testing new strategies before tapping into real trading to avoid losing real money. For live accounts, there are 3 tiers:
- The Classic account is designed for beginners, with a minimum deposit requirement of €250. There are only basic trading functions without trading signals provided in this account.
- When gaining more experience, you can move up to Silver account, which requires a higher entry threshold at €5000. With this account, you'll get 3 signals per week.
- The Gold account, suitable for high-net-worth individuals, requires a minimum deposit of €25000. But you'll enjoy daily signals during weekdays and personalized training sessions.
Nonetheless, other key info such as spread and commissions for trading are not publicly disclosed.
Leverage
The leverage offered by ARPtrade is capped at 1:300 in the Gold account and 1:200 in other two accounts, which is a little higher than the standard set by EU regulators. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
ARPtrade offers a web-based trading platform with simplistic interface and only basic trading functions. Advanced features and functionalities are absent, which might lead to less satisfied user experience.
Deposit & Withdrawal
ARPtrade accepts multiple options for funding your accounts such as card payments and bank transfers.
No deposit fees via card payments, but for bank transfers, there might be fees that need to be confirmed with a manager.
For withdrawals, requests will be processed up to 5 days for Classic or Silver account. While for Gold account, withdrawals will be completed within 3 days.
