Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

ARM

Nigeria Nigeria | 5-10 years |
Questionable Regulatory License | High Potential Risk

https://www.arm.com.ng/securities-home/

Website

Rating Index

Influence

Influence

B

Influence Index NO.1

Nigeria Nigeria 7.36
Surpassed 15.70% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+234 01-2715002
https://www.arm.com.ng/securities-home/
1, Mekunwen Rd. Off Oyinkan Abayomi Drive PMB 80173, Ikoyi, Lagos, Nigeria

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Nigeria
Operating Period
5-10 years
Company Name
ARM Securities Ltd
Email
enquiries@arm.com.ng
Contact Number
+234012715002
Business Region
Verified Site
Relationship Map
Related Companies
Employees
About Us
Wiki Q&A
Comment

Users who viewed ARM also viewed..

GTCFX

GTCFX

9.23
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
GTCFX
GTCFX
Score
9.23
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
HANTEC MARKETS

HANTEC MARKETS

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
HANTEC MARKETS
HANTEC MARKETS
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
Neex

Neex

8.64
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Neex
Neex
Score
8.64
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Mitrade

Mitrade

8.61
Score
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Mitrade
Mitrade
Score
8.61
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Official Website

Verified Site

  • United States arm.com.ng
    104.26.12.247
  • United States armsecurities.com.ng
    206.225.87.186

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
ARM

Related Companies

A R A PROPERTIES (UK) LTD(United Kingdom)
United Kingdom
A R A PROPERTIES (UK) LTD(United Kingdom)
Deregistered
United Kingdom
Registration No. 05610513
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

ARM Review Summary
Founded2008
Registered Country/RegionNigeria
RegulationNo regulation
Trading ProductsMoney market instruments, fixed income, equities
Trading Platform/
Minimum Deposit₦5,000
Customer SupportPhone: 02012715002
Email: enquiries@arm.com.ng

ARM Information

In 2008, Nigeria started ARM (Asset & Resource Management), which is a financial services company. Nigeria's SEC and CBN don't regulate ARM as a brokerage, but the company does offer a wide range of investment products, such as money market instruments, fixed income securities, equities trading, and research services. These products are available to both individual and institutional investors.

ARM's homepage

Pros and Cons

Pros Cons
Long historyNo regulation
Low minimum investment requirement (₦5,000)Unclear fee structure
Strong presence in Nigerias local capital marketsUnknown payment methods

Is ARM Legit?

No, ARM is not a broker that is regulated. It is registered in Nigeria, but the country's Securities and Exchange Commission (SEC) or Central Bank of Nigeria (CBN) do not keep an eye on its online brokerage activities. Please be aware of the risk!

No license

WHOIS data shows that the domain arm.com.ng was registered on May 13, 2009, last updated on July 1, 2021, and will expire on July 31, 2031.

Domain information

What Can I Trade on ARM?

Trading ProductsSupported
Money market instruments
Fixed income
Equities
Forex
Commodities
Indices
Cryptos
Bonds
Options
ETFs
What Can I Trade on ARM?

Deposit and Withdrawal

You can invest as little as ₦5,000 with ARM, and there is no limit on how much you can invest. The minimum amount you can invest may be different for each product. However, the website does not reveal available payment methods and how much it costs to make deposits or withdrawals.

Minimum investment value

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of ARM?

ARM Securities Ltd, registered in Nigeria, is an unregulated entity that operates without oversight from any recognized international financial authority. This fundamental lack of a regulatory license results in a WikiFX Score of 1.56 out of 10, indicating a severe risk profile where client funds lack formal protection and the broker's activities are not subject to financial supervision.

04-02
United States

What is the official website of ARM?

ARM Securities Ltd does not publicly disclose a dedicated website URL. The absence of a publicly available official website is consistent with the broker's broader profile, where operational transparency is limited.

04-02
United States

Is ARM suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose ARM or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with ARM?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com