Is ARP Trade Legit or Scam?
Red flags galore: ARP Trade presents itself as a legitimate European broker, but numerous red flags expose it as a scam. Here are some key points to remember:
- Unregulated: ARP Trade is not regulated by any reputable financial authority, making it a risky choice for investors.
- Negative reviews: Online reviews are overwhelmingly negative, with users reporting withdrawal issues and scam activities.
- Limited platform: They offer a web-based platform with limited functionality compared to industry-standard platforms like MetaTrader or cTrader.
Company Overview
Regulated By: | No Regulations |
Is This Company Safe? | No |
Known Websites: | https://arptrade.com/ |
Have Warnings From: | FCA |
Registered In: | Netherlands |
Operating Since: | 2023 |
Trading Platforms: | Web trader |
Maximum Leverage: | 1:500 |
Minimum Deposit: | 250 EUR |
Deposit Bonus: | Up to 100% bonus |
Trading Assets: | Cryptos, Forex, Indices, Shares, Commodities |
Free Demo Account: | Not Available |
How To Withdraw From This Company? | After numerous negative reviews and a warning, you can’t expect smooth withdrawal procedures with this broker. If anything is stopping you from getting your money back, contact our chargeback specialists for advice. |
Services or Products
ARP Trade offers CFDs on various assets, including:
- Forex: Major and minor currency pairs
- Commodities: Natural gas, platinum, etc.
- Indices: ASX200, Dow Jones, etc.
- Shares: Netflix, Walt Disney, etc.
- Cryptocurrencies: Bitcoin, Litecoin, etc.
If you have lost money to companies like BTrade, or IR Strategies; please report it to us on our report a scam form.
Trading Platform & Leverages
Their platform is a web-based platform with limited features. They offer high leverage (up to 1:500), which is highly risky, especially considering their lack of regulation and absence of negative balance protection.
Spreads and Cost of Trading
ARP Trade is unclear about spreads and other trading costs. Their offer suggests better spreads with higher deposits, but the absence of specific details raises concerns about transparency.
License and Regulations
ARP Trade is not regulated by any reputable financial authority. This is a major red flag and should be a significant deterrent for potential investors. Additionally, the Financial Conduct Authority (FCA) has issued a warning against them.
Legal Warning Against ARP Trade
Investing with an unregulated broker like ARP Trade is extremely risky. You have no legal protection in case of fraud, theft, or disputes. Additionally, their activity might be illegal in your jurisdiction, leading to legal consequences.
Deposit and Withdrawal Methods
ARP Trade offers deposits and withdrawals through:
- Phone (potentially unreliable VOIP services)
They claim a 5-day withdrawal processing time, but numerous negative reviews and the lack of transparency raise doubts about the validity of this claim.
ARP Trade Pros and Cons
Pros | Cons |
None Identified | Unregulated broker |
| Â | Negative reviews |
| Â | Limited platform |
| Â | High leverage (risky) |
| Â | Unclear spreads and fees |
| Â | Suspicious withdrawal process |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers operate outside legal frameworks, posing significant risks to investors:
- No protection: You have no legal recourse in case of fraud, theft, or disputes.
- Potential scams: Unregulated brokers are more likely to be involved in scams and manipulative practices.
- Limited functionality: They might lack essential features and functionalities found in regulated platforms.
Client Feedback
Client feedback for ARP Trade is overwhelmingly negative. Users report difficulties withdrawing funds, encountering unreliable customer support, and experiencing scam activities.
How Can “ReviewsAdvice” Help You If You Get Scammed?
If you suspect you have been scammed by ARP Trade, it is crucial to act quickly. Consider these steps:
- Report the scam to the relevant authorities in your country.
- Seek legal advice to explore potential options for recovering your funds.
- Gather evidence, such as communication with ARP Trade and any transaction records.
ReviewsAdvice will provide you with recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
ARP Trade exhibits numerous red flags, including a lack of regulation, negative reviews, a limited platform, and unclear fees. Avoid investing with them and choose a regulated broker to ensure your financial security and protect yourself from potential scams.
