Review Ardu Prime
https://arduprime.com/ Headquarters in Greece Open Live Account BEGIN item ContentsPros and ConsRegulationAccount TypesTrading PlatformsAssetsEducationCustomer ServiceConclusion
Ardu Prime is a registered financial institution based in Greece, with a long history of providing excellent services to international high-net worth individuals. Given the demanding standards of its client base it comes as no surprise that the broker is well versed in providing the best in customer service, doing all they can to meet client needs.
Ardu Prime launched all the way back in 1999 and has built a solid team of executives, account managers, customer service professionals, and third-party fintech providers. While the company was built on its service to high-net worth individuals, in May 2020 it expanded to a retail broker by adding access to the MetaTrader 5 platform.
Thanks to its regulation by the Hellenic Capital Market Commission Ardu Prime is fully compliant with the European MiFID II and all Anti-Money Laundering Directives. They have also been authorized by the FCA to provide services in the U.K.
Ardu Prime Pros and Cons
Pros
Regulated by the Hellenic Capital Market Commission since 1999 (EU Regulation – MIFID II)World class customer service and dedicated support for every clientMetaTrader 5 is the desktop, mobile, and web platformVariety of Asset Classes including FX, Indices, Metals and Commodities, US Equities, CryptoTrading Central Tools
Cons
Website offers standard information and limited educationPossibly more suited towards experienced traders, but due to client support and tools beginner will have a good starting experience
Broker Regulation
Broker regulation is very important to the security and peace of mind for traders, and Ardu Prime has been fully regulated and authorized by the Hellenic Capital Market Commission under license number 4/164/20.7.1999. Because Greece is an EU country this also means Ardu Prime is fully compliant with the European MiFID II and all Anti-Money Laundering Directives. It makes them a solid choice for traders who are looking for well regulated brokers.
In addition to the regulation by the Hellenic Capital Market Commission Ardu Prime has also been authorized by the Financial Conduct Authority (FCA) in the U.K. under reference number 725166, as well as by the BaFin to provide services in the Federal Republic of Germany under ID #10146106.
In other words, clients can feel secure and protected when trading with Ardu Prime.
Account types
Ardu Prime offers three different account types, with something to match the needs of any trader. No matter which account is chosen clients will enjoy exceptional liquidity where even the largest orders can be executed without slippage. Each account type comes with its own commission structure, and all costs and fees are made fully transparent to the client.
All the account types have STP / No Dealing Desk execution conditions, and all can be funded with GBP, USD, or EUR. Also, all accounts come with dedicated support and allow for algorithmic trading.
Standard Account
$1,000 minimum depositNo FX Commissions$2 CFD CommissionsUp to 1:30 leverageLimited Access to Trading Central Premium Tools$0.02 per share for US Equities, $10 minimum
Premium Account
$25,000 minimum depositTrading Central Premium ToolsNo FX Commissions$1 CFD Commissions$0.02 per share for US Equities, $5 minimumUp to 1:30 leverage
Institutional Account
$1000,000 minimum depositTrading Central Premium ToolsCustomized commission structureUp to 1:30 leverage
In addition, all accounts are able to take advantage of Islamic rules that make them Sharia compliant by getting rid of overnight swaps.
Trading Platforms
There are two trading platforms available from Ardu Prime, but retail traders only need to concern themselves with the MetaTrader 5 platform that has been added specifically for the broker to accept retail clients. Institutional clients can also take advantage of the professional Direct Liquidity Access (DLA) platform.
The MetaTrader 5 platform was chosen for its advanced trading functions and superior technical analysis tools. It is the ideal trading platform for every level of trader. Traders can also take advantage of support for automated trading and a powerful strategy tester is built-in to the platform. As with its predecessor Metatrader 4, the new Metatrader 5 has its own programming language (MQL5) which can be used to code Expert Advisors and Indicators, either to analyze the markets, generate signals or trade automatically. Ardu Prime offers the powerful desktop version of MetaTrader 5 as well as the mobile versions for either iOS or Android operating systems.
KEY FEATURES
Comprehensive Trading Functions.Advanced Market Depth.Professional Indicators and Tools for Technical Analysis.Economic Calendar.Algorithmic Trading.Enhanced Strategy Tester.Trading Signals.Alerts and push notifications.Desktop / Tablet / iPad / Mobile.Unlimited and easy market access, anywhere, at your fingertips.Available in more than 30 languages.
METATRADER 5 DESKTOP
The MetaTrader 5 platform has expanded its functionality and includes 21 different time frames and over 80 built-in technical indicators. Plus, traders can have up to 100 charts open at the same time, which should satisfy even the most prolific trader.
METATRADER 5 MOBILE
The MetaTrader 5 mobile app can be downloaded for your iPhone, iPad or Android device, allowing you access to trade anytime and anywhere. The mobile version provides everything you need in the palm of your hand. Execute new trades and close positions, monitor P&L, set-up pending orders, set or modify Take Profit and Stop Loss. The mobile version also supports One-Click-Trading, allowing you to execute new trades fast and easily. And since it synchronizes with the desktop version you can see all your trades from either desktop or mobile at all times.
Available Assets
Ardu Prime offers over 150 individual CFD assets that include forex pairs, commodities, indices, U.S. equities, and cryptocurrencies.
The inclusion of such a diversity of assets makes it easier to find trading opportunities no matter what the markets are doing.
Education and Research
Ardu Prime does have a financial education blog included on their website. There are two educational sections – Education and Market Insights.
However this is offset to some degree by the inclusion of the Trading Central tool within the Ardu Prime trading platform. Trading Central is one of the top third-party tools for investing research and information, and it is included free with your Ardu Prime account. Trading Central combines automated AI analytics and senior analyst expertise to provide traders with fundamental, technical, news, sentiment and economic analysis.
Customer Service
Customer support at Ardu Prime is provided via email, telephone, online chat, and a web form. Email and web-form support is available 24/5, however chat and telephone support are offered Monday through Friday from 7:00 GMT to 17:00 GMT. It is pretty standard for the industry to provide live customer support only during market hours.
Phone: +30 210 3800820
+30 210 4406757
Webform: Contact Us Form
Email: info@arduprime.com
In Conclusion
Ardu Prime is unique amongst retail CFD brokers since they come to the market with extensive experience in the broker industry through their institutional and high-net worth client offerings. Based on the demanding needs of this group you can imagine Ardu Prime does everything possible to satisfy its clients needs.
That said it did feel like the broker was most suitable for more experienced traders. Nevertheless, beginners with access to Trading Central tools and with the dedicated client support offered should have no trouble to learn and grow.
The assets available are varied enough to provide for diversification, and we found the commissions to be quite affordable. Plus, it is all made available for trading through the powerful MetaTrader 5 platform, which is excellent.
Having regulation from an EU regulating body for over two decades is certainly a plus and the customer support team is considered to be world-class.
Ardu Prime is certainly worth trading through, and experienced traders will likely have a great experience.
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