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Raze Markets
Suspected Fraud
Suspected Fraud

Raze Markets

🇱🇨
  • Forex
  • Brokerage
1-2 years
Website

Current Rating

3.08

Industry Tier

C

Profile

Raze Markets is an online platform that offers a plethora of financial trading services, claiming to provide trading in forex, precious metals, energy, indices, and cryptocurrencies for global investors. However, there are numerous uncertainties regarding the corporate background and regulatory information of the platform, with a low level of transparency.

Corporate Background of Raze Markets:

The website of Raze Markets is https://www.razemarkets.com/, and its domain was established on November 2, 2023. Raze Global Markets Ltd is registered in Saint Lucia with registration number 2023-00261. A search of the Saint Lucia International Financial Center (IFC) confirms the existence of a company named Raze Global Markets Ltd. However, it's important to note that the Saint Lucia IFC does not provide brokerage services for financial derivatives.

Corporate Background of Raze Markets

Corporate Background of Raze Markets 2

Regulatory Information of Raze Markets:

Raze Markets South Africa (Pty) Ltd claims to be authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP license number 53229. However, upon checking, the FSCA registry does not list a company named Raze Markets South Africa (Pty) Ltd. The license number FSP53229 actually corresponds to a company named QUANT X (PTY) LTD, indicating inconsistent information. This suggests the platform may be engaged in false advertising, and investors should proceed with caution.

Raze Markets的监管信息

Account Registration Process at Raze Markets:

The account registration process at Raze Markets is as follows:

  1. Visit the Raze Markets website and click the register button.
  2. Complete the application form, providing necessary personal information.
  3. Submit identification and phone verification documents.
  4. After depositing funds, you can start trading.

Although the registration process is relatively simple, investors should exercise caution in the absence of robust regulatory information.

Account Registration Process at Raze Markets

Types of Accounts at Raze Markets:

Raze Markets offers three main account types to cater to different trading styles:

STP Account (Straight Through Processing)

  • Minimum Deposit: $10, ideal for beginners.
  • Spreads: Starting from 1.5 points.
  • Others: No swap fees (no overnight holding costs).

RAW ECN Account (Electronic Communication Network)

  • Minimum Deposit: $500.
  • Spreads: Starting from 0.0 points but with a $4 commission per lot per side.
  • Others: Provides a no-swap fee option.

Institutional Account

  • Minimum Deposit: $100,000.
  • Features: Tailor-made solutions designed for professional traders and fund managers.
Types of Accounts at Raze Markets

Trading Software of Raze Markets:

Raze Markets utilizes MetaTrader 5 (MT5) as its primary trading platform. MT5 offers faster speed, higher efficiency, and more comprehensive features compared to its predecessor, MT4. Traders can use MT5 on desktop, web, or mobile devices to access a wide range of financial markets and take advantage of powerful analysis tools for their trading activities.

Trading Software of Raze Markets

Trading Products of Raze Markets:

Raze Markets offers a variety of trading products, including:

  • Forex: Trading major global currency pairs like EUR/USD.
  • Precious Metals: Trading gold, silver, and platinum, providing investment and hedging potential.
  • Energy: Trading crude oil and natural gas, influenced by global events and economic factors.
  • Indices: Trading major global stock market indices like S&P 500 and FTSE 100.
  • Cryptocurrencies: Trading popular cryptocurrencies like Bitcoin and Ether, despite higher risks, offers substantial profit potential.

What Are the Spreads, Leverage, and Commissions of Raze Markets?

Raze Markets offers different leverages and spreads depending on the account type:

Leverage

  • STP and RAW ECN Accounts: Up to 1:500 leverage.
  • Institutional Account: Up to 1:100 leverage.

Spreads and Commissions

  • STP Account: Spreads from 1.5 points, no per lot commission.
  • RAW ECN Account: Spreads from 0.0 points, $4 commission per lot per side.
  • Institutional Account: Spreads from 0 points, $2 commission per lot.

This variety of trading conditions and fee structures reflects the platform's adaptability to different traders' needs.

Deposit and Withdrawal Methods of Raze Markets:

Raze Markets offers multiple methods for deposits and withdrawals, ensuring flexible and convenient fund operations for traders. The main payment methods include VISA, MasterCard, and bank wire transfers. Additionally, the platform supports deposits and withdrawals in cryptocurrencies such as Bitcoin, USDT (Ether), and USDC (USD Coin). Withdrawals are typically processed within 24 hours on business days, but the time for funds to reflect can vary based on the chosen withdrawal method.

Customer Support at Raze Markets:

Raze Markets provides comprehensive customer support through various channels, ensuring traders receive timely assistance and guidance. The customer support contact details are as follows:

  • Phone: +44 (0) 7123 456 789
  • Email:
    • General Inquiries: support@razemarkets.com
    • Partnerships: partnership@razemarkets.com
    • Media Inquiries: press@razemarkets.com
    • Institutional Clients: institutional@razemarkets.com

Through these contact methods, customers can reach Raze Markets' support team to receive the necessary help and guidance.

Conclusion:

Although Raze Markets offers a wide range of trading products and account types, there are still issues regarding the transparency of its corporate background and regulatory information. Investors should thoroughly investigate the platform's legality and safety before choosing to trade on it, ensuring the security of their funds and smooth trading operations. Prioritizing platforms with high transparency and proper regulation will better protect investors' rights and funds. Raze Markets is listed as "Suspected Fraud" on TraderKnows.

User Reviews

3.08

Rated by 0 people

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FAQ About Raze Markets

01

What is Raze Markets's official website?

A: Raze Markets's official website is https://www.razemarkets.com/

02

Is Raze Markets a legitimate company, or is it a scam?

A: Raze Markets is currently marked as Suspected Fraud on TraderKnows.

03

What is Raze Markets?

A: Raze Markets is a Forex, Brokerage company.

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