ARMBROK OJSC is an Armenia-based leading investment company, providing its customers with full range of financial and investment services in the Armenian capital market, including investment banking services (fundraising, IPO, private placements), brokerage and investments, legal and business consulting, international trading, corporate governance advisory, corporate restructuring, M&A, etc.
Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is Armbrok？
Armbrok is a broker based in Armenia, established in 1994. Besides brokerage, it also engages in banking, brokerage, legal and business consulting, and more. It's non-regulated and lacks information on key trading features such as tradable securities, margin rates, commissions, and fees.
Pros & Cons
Cons:
Lack Information on Key Trading Features: Users can find it difficult to obtain details about key trading conditions on its official website.
No Regulations: The absence of clear regulatory information can raise concerns about security and compliance standards.
Limited Info on Securities: The official website does not provide detailed information on the specific securities available for investment, which will hinder informed decision-making by potential investors.
Is Armbrok Safe？
Regulation
Armbrok is currently non-regulated. Trading with a non-regulated broker significantly increases the risk of fraud and may offer little to no protection to traders in the event of disputes or the broker's insolvency.
Funds Safety
Armbrok does not provide extra insurance for its users. In this case, the risks users encounter in investing will not be covered.
Safety Measures
So far, we haven't found any information about the security measures applied for users by Armbrok.
Armbrok Accounts Review
Armbrok offers two distinct types of accounts for individuals and legal entities. For individuals seeking to open an account, the process involves providing a copy of their passport, filling out an account opening application, and supplying any additional documents as per ARMBROK OJSC's regulations. On the other hand, legal entities are required to furnish more comprehensive documentation, including a copy of the state registration certificate, the entity's charter, a resolution for the appointment of the CEO or pertinent excerpts, documentation for any other authorized individuals, and passports for the CEO and authorized persons. Additionally, legal entities must complete a separate account opening application and adhere to any further stipulations set by ARMBROK OJSC.
Customer Service
Armbrok provides a certain range of customer support channels from 9:30 AM to 6:30 PM. These include:
Contact Form: The broker includes a contact form on its official website, which is a standard and effective way for users to submit inquiries or issues directly through its official website.
Telephone Support: It provides support via phone line at +374 11 59 00 00/+374 96 53 87 00/+374 99 53 87 00, so clients can contact Armbrok directly via phone for immediate assistance.
Company Address: Its physical office is located at 39 Hanrapetutyan St., Yerevan 0010, Republic of Armenia. This address can be used for official correspondence or for in-person inquiries.
Social Media: Armbrok is active on multiple social media platforms, including Facebook and LinkedIn, where users can keep updated with the latest activities of this broker.
Conclusion
As a broker, Armbrok lacks regulations and overall informational transparency. In this case, users will find it difficult to understand how to trade with Armbrok, and the credibility of this broker is also questioned.
FAQs
Is Armbrok regulated？
No, it is not regulated.
Does Armbrok have a mobile app？
No.
Is crypto trading available on Armbrok？
No.
Is it safe to trade with Armbrok？
No, not at all. Armbrok is not a regulated broker and it does not apply extra security protocols either.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Russia
Armenia
