RaiseFX Company

RaiseFX Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

RaiseFX was founded in November 2021 by David Bottin, a former managing director at AvaTrade. The company was established with the goal of providing a comprehensive trading platform that caters to the needs of both novice and experienced traders. With a focus on delivering competitive trading conditions, RaiseFX aims to be more than just a broker; it positions itself as a trading partner for its clients.

Parent Company/Ownership Structure

RaiseFX operates under the legal entity Raise Global SA (Pty) Ltd. It is a privately held company that has quickly established itself in the financial services industry, particularly in the realm of Contracts for Difference (CFDs) and Forex trading.

Headquarters Location

The company is headquartered in Cape Town, South Africa, with additional offices located in Johannesburg. Its offices are situated in modern buildings that reflect the company's commitment to innovation and excellence.

Global Business Scope

RaiseFX has a global business presence, with a focus on expanding its services across Africa, Asia, Latin America (LATAM), the Middle East and North Africa (MENA), and the Gulf Cooperation Council (GCC) regions. As of October 2023, the company boasts over 50,000 active traders and 2,500 partners worldwide.

Main Regulatory Bodies

RaiseFX is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 50506. The company also holds licenses from the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) and the Financial Services Commission (FSC) in Kazakhstan.

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2. Company History and Development

Key Milestones

• November 2021: RaiseFX was founded.
• April 2022: The company onboarded its first client.
• August 2022: Social trading features were released.
• October 2022: The client base grew to 25,000.
• February 2023: The platform was upgraded to MetaTrader 5 (MT5).
• August 2023: RaiseFX acquired its FSCA license.
• October 2023: The company expanded its operations into the MENA region.

Business Expansion Journey

RaiseFX has strategically expanded its business operations, initially focusing on the South African market before branching out into Southeast Asia, Africa, and Latin America. This expansion is part of a broader strategy to enhance its global footprint and provide services in emerging markets.

Customer Base Growth

Since its inception, RaiseFX has experienced significant growth in its customer base, reaching over 50,000 active traders by June 2023. This growth is attributed to the companys competitive trading conditions, diverse product offerings, and commitment to customer service.

Platform Development History

The company initially launched its trading platform with basic functionalities and has since upgraded to MT5, which offers advanced trading features, including algorithmic trading and a wide range of technical indicators. This upgrade has improved user experience and attracted more traders to the platform.

Important Awards or Recognitions Received

RaiseFX has received multiple awards for its innovative trading solutions and customer service. While specific awards were not detailed, the company prides itself on being recognized in the financial services industry.

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3. Trading Services Offered

Forex Trading Options

RaiseFX offers a robust Forex trading service, providing access to over 60 currency pairs. This includes major, minor, and exotic pairs, allowing traders to diversify their portfolios and engage in various trading strategies.

Stock Trading Options

The company enables clients to trade Contracts for Difference (CFDs) on popular stocks, including major companies like Netflix, Amazon, Google, and Apple. This allows traders to speculate on price movements without owning the underlying assets.

CFD Trading Products

RaiseFX specializes in CFD trading, offering a wide range of instruments across different markets. This includes Forex, indices, stocks, and commodities, enabling traders to leverage their positions and potentially increase their returns.

Other Financial Instruments

In addition to Forex and stock CFDs, RaiseFX provides trading options for cryptocurrencies such as Bitcoin and Ethereum, as well as commodities like gold and oil. This diverse range of products caters to various trading preferences and risk appetites.

Special Services or Unique Advantages

One of the unique advantages of RaiseFX is its high leverage of up to 1:500, which allows traders to maximize their potential returns. The platform also supports automated trading strategies through expert advisors (EAs) and provides 24/7 customer support to assist traders at any time.

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4. Regulatory and Legal Background

Detailed Regulatory Information

RaiseFX is regulated by the following bodies:

• Financial Sector Conduct Authority (FSCA) in South Africa
• Saint Vincent and the Grenadines Financial Services Authority (SVG FSA)
• Financial Services Commission (FSC) in Kazakhstan

Legal Entity Structure by Region

RaiseFX operates as Raise Global SA (Pty) Ltd in South Africa and has entities registered in other jurisdictions, including Kazakhstan. This structure allows the company to comply with local regulations while offering its services globally.

Client Fund Protection Measures

RaiseFX implements various measures to protect client funds, including segregating client accounts from the companys operational funds. This ensures that client funds are safeguarded in the event of financial difficulties faced by the company.

Countries/Regions Served

The company serves a global clientele, with a strong focus on Africa, Asia, LATAM, and MENA regions. However, it does not provide services to residents of the EU, US, and other jurisdictions where its services may contravene local laws.

Compliance History

RaiseFX has maintained compliance with regulatory requirements as evidenced by its licenses from reputable financial authorities. However, it has faced scrutiny and warnings from some regulatory bodies regarding its operations, which traders should consider.

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5. Competitive Landscape

3-5 Main Competitors

RaiseFX operates in a competitive landscape with several key players, including:

• Exness: Known for its high leverage and wide range of trading instruments.
• FBS: Offers various account types and competitive spreads.
• AvaTrade: A well-established broker with a strong reputation in the industry.

Positioning in the Industry

RaiseFX positions itself as a multi-awarded and regulated CFD broker, focusing on providing excellent trading conditions and a user-friendly platform. Its commitment to customer service and innovative solutions helps it stand out in the crowded market.

Market Differentiation Factors

Key differentiators for RaiseFX include its high leverage options, extensive range of financial instruments, and a commitment to customer support. The use of advanced trading platforms like MT5 and the introduction of social trading features further enhance its appeal to traders.

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In conclusion, RaiseFX has established itself as a significant player in the financial services industry, with a focus on competitive trading conditions and customer support. As it continues to expand its services globally, it aims to provide traders with a reliable and innovative platform for their trading needs.

For more information about RaiseFX, learn more.