ARPtrade Review – Avoid Getting Caught By These Toxic Claws

This so-called award-winning broker presents itself as European-based. Nothing less than the Netherlands. However, the worrying part is missing legal documents and ownership information.

In general, if the broker hides any details, it’s hard to believe they are genuine unless they have a trusted license. Then you don’t care that much. But to find out if you can trust this broker, read our ARPtrade review carefully.

Legal Info: Is ARPtrade Legit Or A Scam?

The first sign that ARPtrade broker is a scam is missing domestic regulations. In fact, the AFM register doesn’t have any traces of an ARP trade license. Not only that, but neither does any other Tier 1 trusted regulator.

It is quite disappointing for a European broker not to have any kind of protection. But what is the shocking news is the warning from the FCA. Like a cherry on top.

Who Are ARPtrade’s Clients?

Looks like the arptrade.com domain was registered just recently, in 2023. At least, that’s what who.is database shows. Funnily, they had already managed to spread their tentacles all across Europe. But primarily scamming traders from:

• Croatia
• Belgium
• Malta
• Denmark
• Slovenia

If you are also one of those, don’t hesitate to contact us for refund options.

Traders Experience

Another key warning sign is coming from ARPtrade reviews. The news is disturbing. Out of 15 comments on Trustpilot, all of them are negative. There were lots of complaints about withdrawal issues and the company’s scam activities.

Therefore, we encourage you to share your experience with this broker. Or to contact our refund experts directly for step-by-step guidance in recovering your money.

Investment Costs With ARPtrade

The company promotes low costs, yet unclear ones. Spreads are not specified, but according to their offer, you should get better spreads with higher deposits. Commission and fees don’t exist.

But the main issue is the leverage of up to 1:500. Even if we exclude regulations, there is ESMA. European Securities and Markets Authority limits European brokers to a maximum of 1:30 for retail traders. In combination with missing negative balance protection, there is a recipe for losing money.

Bonuses

Like with many scam brokers, ARP trade offers bonuses but altogether with a shady policy. In fact, traders must reach 30 times bigger trading volume of the bonus amount plus deposit. Otherwise, a withdrawal is practically impossible.

ARPtrade Trading Features

One of the biggest deals with ARPtrade broker is their UTIP algo-trading software. Yet, it’s not proven technology, and any experienced trader would tell you to stick to standard options, such as Meta Trader or cTrader. Especially once you realize that ARPtrade’s overall platform is web-based.

Available Trading Assets

All the assets with this broker are available almost anywhere else. The difference is that with a licensed broker, you can trust the asset data. Anyway, the options are:

• Forex – USD/SEK, AUD/HKD
• Commodities – natural gas, platinum
• Indices – ASX200, DowJones
• Shares – Netflix, Walt Disney
• Cryptos – BTC, LTC

Account Types

Generally speaking, fraudulent brokers are making profits from your deposits, not from your trading. That’s why you sometimes don’t see better commissions or general trading conditions with such brokers. Here we present you with the ARPtrade account types:

• Classic – 250 EUR
• Silver – 5.000 EUR
• Gold – 25.000 EUR
• VIP – 100.000 EUR
• Prime – 250.000 EUR

Mobile Trading App

In general, without trusted software, there is no trusted mobile app. All the traders will have to access their accounts through the browser. Not the fastest and most efficient method, indeed. Yet, to learn the value of trusted technology, read our EuroPrime review.

Demo Account

Another key fact is the missing demo account. All the new customers don’t have a chance to test the platform and its features. So, it’s expected for them to trust the broker without regulations. Not the brightest move.

ARPtrade Withdrawal

In general, ARPtrade broker is quite mysterious about withdrawal conditions. Even though they present up to 5 business days withdrawal processing time, that’s hardly true. Otherwise, you wouldn’t have that many negative reviews and a warning.

Without a transparent policy, you can always expect manipulations. Whether through fees, verifications, or taxes.

Customer Support

As for the contact options, the company offers e-mail and a phone. Even though there is a number from the Netherlands and the UK, those shouldn’t be trusted. Most likely, the broker is using VOIP services.

Very often, you will see these numbers unreachable. To learn how to recognize these flaws, read our Canz Trades review as well.

Key Information To Consider About ARPtrade?

In the first place, the company is not licensed. After that, everything else is questionable. Starting with web-based software, shady trading conditions, and mysterious withdrawal policy. All those details combined present you with a realistic picture of a broker. If that’s not true, the warning wouldn’t exist.

However, the main issue is getting your money back. That’s where our refund specialists can assist you the most. We are available if you need to file a chargeback or track crypto transfer with our CipherTrace. The first meeting is free of charge. Don’t waste time and book yours now!

FAQ Section