Ardu Prime is a Greek Forex broker founded in 1999, offering investors trading services in Forex, commodities, stocks, indices and CFDS. The company's website shows that it is regulated or authorized by the Capital Markets Commission of Greece (HCMC), the Financial Conduct Authority of the United Kingdom (FCA), and holds a license from the Federal Financial Supervisory Authority of Germany (BaFin), and the above regulatory or authorization information and license information are true.
Company background:
According to Ardu Prime's website, the company is registered in Greece. Although the registration information cannot be queried and confirmed through the relevant Greek government website, the results of the Global Legal Person Identification Code (LEI) website show that the information of the company's incorporation in Greece is genuine. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on November 23, 2017, and the domain name registration time has been more than 5 years ago.
Account Registration:
According to Ardu Prime's website, the company provides investors with a link to register for a real account. The way to register a real account is: Click "Open Account" in the upper right corner of Ardu Prime's official website, or "Start Trading Now" on the left side of the home page of Ardu Prime's official website and select the account type. Then select or fill in the address, country, deposit currency, information source, name, Email, telephone, password and other information as required to complete the real account registration. The Ardu Prime website account registration page is available in English, German, French, Spanish, Portuguese, Italian and Greek. In addition, the OBRinvest website shows that its demo account can be registered through the MetaTrader5 (MT5) software.
Account Type:
According to Ardu Prime's website, the company offers investors two different types of trading accounts, STANDARD and PREMIUM. In addition, the OBRinvest website also provides the difference in the minimum deposit amount of the two accounts, as well as the account currency of the two accounts, execution conditions, commissions, overnight interest, trading software, margin call ratio, forced closing ratio and other information.
Trading Products:
According to the official website of Ardu Prime, the company provides investors with foreign exchange, commodities, stocks, indices, contracts for difference trading services. In addition, the official website of Ardu Prime not only does not provide specific trading products covered by forex, commodities, stocks, indices and CFDS, but also does not provide commission, spread, minimum trading unit, maximum trading unit and overnight interest information of specific trading products.
Margin ratio:
Although Ardu Prime shows in the "Frequently Asked Questions" on its website that it offers a 1:30 margin (leverage) ratio for retail customers, there is no flexible margin (leverage) ratio for institutional investors. However, the Ardu Prime website does not provide information on the margin (leverage) ratio of specific trading products covered by forex, commodities, stocks, indices and CFDS under different account types.
Trading Hours:
The Ardu Prime website does not provide information on the trading hours of specific trading products covered by Forex, commodities, stocks, indices and CFDS.
Deposits and Withdrawals:
Ardu Prime shows in the "Frequently asked Questions" on the official website that it provides investors with deposit and withdrawal channels and methods including bank transfers, credit cards, electronic wallets and so on. In addition, Ardu Prime also provides information on the currencies supported by different deposit and withdrawal channels and methods, as well as deposit and withdrawal fees and times in the "Frequently Asked Questions".
Trading Software:
According to the official website of Ardu Prime, the company provides investors with MetaTrader5 (MT5) software, and Ardu Prime provides MT5 trading software supporting computer (Winodws/MacOS), mobile (IOS/Android) and Pad versions.
Other services:
According to Ardu Prime's website, the company provides investors with services such as Trading Central, glossary and knowledge Center. Among them, Trading Central is a service provider specializing in investment research and financial market technical analysis, providing financial market technical analysis services to investment banks, hedge funds, office traders and brokers. A glossary provides investors with an explanation of terms in financial markets or areas of the economy. The Knowledge Center is Ardu Prime's weekly digest of financial markets for investors, including Forex markets, inflation data, monetary policy announcements and more.
Regulatory information:
Ardu Prime is regulated or authorised by the Capital Markets Commission of Greece (HCMC), the Financial Conduct Authority of the United Kingdom (FCA) and holds a licence from the German Federal Financial Supervisory Authority (BaFin). A search on the websites of the Greek Capital Markets Commission (HCMC), the UK Financial Conduct Authority (FCA) and the German Federal Financial Supervisory Authority (BaFin) shows that the above regulatory or authorisation information and licence information are true. However, it is important to note that the Financial Conduct Authority (FCA) website shows that while the company must still meet the FCA's standards when engaging with customers, the company has applied to revoke its regulatory or authorisation with the FCA.
Summary:
Ardu Prime is a normal broker. On the one hand, Ardu Prime's website shows that it was incorporated in Greece. Although the registration information cannot be queried and confirmed through the relevant Greek government website, the results of the Global Legal Person Identification Code (LEI) website show that the information of the company's incorporation in Greece is genuine. On the other hand, Ardu Prime's website shows that it is regulated or authorised by the Capital Markets Commission (HCMC) of Greece, the Financial Conduct Authority (FCA) of the United Kingdom, and holds a licence from the German Federal Financial Supervisory Authority (BaFin). The results of the search on the websites of the above three regulatory agencies show that the company has obtained regulatory or authorization information and license information are genuine. However, it is important to note that the Financial Conduct Authority (FCA) website shows that while the company must still meet the FCA's standards when engaging with customers, the company has applied to revoke its regulatory or authorisation with the FCA. Judging from this, Ardu Prime is a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
