Raymond James Financial FX is a forex broker that was officially registered on September 13, 2023, according to its official website. It primarily offers forex trading services to investors, and its headquarters address has not been disclosed. The broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to publicly available information on its official website, Raymond James Financial FX is registered under the entity Raymond James Financial Inc, with a business address at 12th floor, Shinagawa HEART, 1-8-23 Konan, Minato-ku, Tokyo. This entity is also registered with the National Futures Association (NFA) in the United States, with NFA ID: 0558555. The broker's official website introduction states, "Raymond James Financial Inc is a U.S.-based multinational independent investment bank and financial services company that provides financial services to individuals, businesses, and government institutions through its subsidiaries. The affiliated companies are mainly engaged in investment and financial planning, investment banking, and asset management activities. Raymond James is one of the largest banking institutions in the United States, headquartered in St. Petersburg, Florida. Main business areas include retail banking, commercial banking, insurance, private equity, stocks, funds, forex, energy, etc."
Upon verification, NFA ID: 0558555 indicates that Raymond James Financial Inc is registered with the NFA as a non-member entity and is not subject to its supervision. Additionally, no registration information for the company was found on the Financial Services Agency of Japan's financial instruments business operator form and the National Tax Agency of Japan's corporate number disclosure site. Furthermore, the broker's corporate introduction appears to have been copied from the Wikipedia page of the similarly named company "Raymond James Financial Inc."
Account Opening:
To open an account with Raymond James Financial FX, users can visit the broker's official website, click on "口座開設" (Account Opening) in the upper right corner, fill out the account registration application form, and complete full personal identity verification after successful registration. However, Traderknows found that there was no response when attempting to click "口座開設" during the actual registration process.
Account Types:
The official website of Raymond James Financial FX does not provide information on trading account details, including leverage, spread, minimum deposit amount, maximum/minimum trade volume, maximum position size, additional margin levels, stop-loss margin levels, overnight interest, trading commissions, etc.
Trading Platform:
Raymond James Financial FX offers a proprietary trading platform for users, including desktop and mobile versions. However, the official website does not provide any download links for the platform.
Deposits and Withdrawals:
The broker has not disclosed the supported methods for deposits and withdrawals on its official website.
Contact Information:
The official website of the broker does not provide any contact information.
Summary:
Traderknows advises investors that Raymond James Financial FX has opaque corporate registration information and lacks authorization and effective supervision from any official financial regulatory authority in any jurisdiction. Additionally, the broker's name and company introduction appear to be copied from the well-established U.S.-based multinational independent investment bank and financial services company "Raymond James." Traderknows recommends that investors steer clear of this broker when choosing a trading platform, opting instead for platforms with transparent registration and regulatory information and a good reputation to avoid unnecessary financial losses. Currently, the broker has been flagged as "suspected of fraud" on Traderknows.
