Raze Markets Forex Broker
Basic Information
Saint Lucia
1-2 years Suspicious Regulatory License MT5 Full License Regional Brokers Suspicious Overrun High potential riskCompany profile
Rating Index
Raw
Standard
Raze Markets Forex Broker - Complete Information Guide
1. Broker Overview
Raze Markets, officially known as Raze Global Markets Ltd, was established in November 2023. The company is headquartered at the Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. As a private entity, Raze Markets operates as an online brokerage firm providing trading services to both retail and institutional clients.
The primary market focus of Raze Markets includes forex trading, commodities, indices, and cryptocurrencies, catering to a diverse clientele ranging from novice traders to seasoned professionals. Despite being relatively new in the industry, Raze Markets aims to establish itself as a reputable broker by offering a range of trading products and services.
Key milestones in the company's development include the launch of its trading platform and the introduction of various account types designed to meet the needs of different traders. Raze Markets operates under a business model that emphasizes retail forex trading, providing clients with access to a wide array of financial instruments.
The Raze Markets broker positions itself as a facilitator for traders looking to engage in the global financial markets, with a commitment to providing innovative trading solutions and a user-friendly trading experience.
2. Regulatory and Compliance Information
Raze Markets claims to operate under regulatory oversight, but it lacks proper licensing from recognized financial authorities. The broker cites its registration in Saint Lucia, where it is listed as Raze Global Markets Ltd, but the Saint Lucia International Financial Center does not provide brokerage services for financial derivatives.
The company also mentions having a presence in South Africa, claiming to be authorized by the Financial Sector Conduct Authority (FSCA), with an alleged regulatory number of 53229. However, discrepancies exist, as the FSCA registry does not list a company by that name, raising red flags regarding the legitimacy of their claims.
Raze Markets has not provided clear information regarding client fund segregation policies or participation in investor compensation schemes, which are critical for ensuring the safety of client funds. Furthermore, the broker's adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, as detailed information on these compliance measures is not readily available.
The lack of verifiable regulatory credentials and transparency regarding its operational practices suggests that potential investors should exercise extreme caution when considering engaging with this broker. This absence of regulation is a significant concern, as it exposes clients to potential fraud and financial mismanagement.
3. Trading Products and Services
Raze Markets offers a variety of trading products, primarily focusing on forex trading, with over 1,000 CFDs available. The primary currency pairs include major currencies like EUR/USD, GBP/USD, and USD/JPY, catering to the needs of forex traders.
In addition to forex, the broker provides access to various categories of CFDs, including:
- Indices: Major global stock market indices such as the S&P 500 and FTSE 100.
- Commodities: Trading in precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
- Cryptocurrencies: Popular digital currencies like Bitcoin and Ethereum, allowing traders to engage in the high-volatility crypto market.
Raze Markets aims to keep its product offerings updated, although specific details regarding the frequency of product updates or the introduction of new instruments have not been disclosed. The broker provides retail trading services and appears to cater to institutional clients as well, although details about institutional services are limited.
The broker does not currently advertise any unique trading products or exclusive offerings that set it apart from competitors in the market. However, it does emphasize its commitment to providing a diverse range of financial instruments to meet the varying needs of its clients.
4. Trading Platforms and Technology
Raze Markets primarily supports the MetaTrader 5 (MT5) platform, renowned for its advanced trading tools and user-friendly interface. This platform is available on desktop, web, and mobile devices, allowing traders to access the markets conveniently.
In addition to MT5, Raze Markets has developed its own proprietary trading platform, known as Raze Trader, designed to provide a seamless trading experience for both novice and experienced traders. The platform is tailored to meet the demands of modern traders, featuring essential tools and resources for efficient trading.
The broker's servers are positioned strategically to ensure low latency and fast execution speeds, which are crucial for high-frequency trading. Furthermore, Raze Markets supports API access, enabling automated trading strategies for those who wish to leverage technology in their trading endeavors.
The execution model employed by Raze Markets includes ECN and STP methods, facilitating direct market access and efficient order execution. However, specific details regarding the infrastructure and server locations have not been disclosed, which may raise concerns for some traders regarding the broker's reliability.
5. Account Types and Trading Conditions
Raze Markets offers several account types tailored to different trading styles and experience levels:
- Standard Account: Requires a minimum deposit of $10, with spreads starting from 1.5 pips and no commissions.
- Raw ECN Account: Requires a minimum deposit of $500, offering spreads starting from 0.0 pips but charging a commission of $4 per lot per side.
- Institutional Account: Designed for high-volume traders, requiring a minimum deposit of $100,000, with spreads starting from 0.0 pips and a reduced commission of $2 per lot per side.
The leverage offered by Raze Markets varies by account type, with maximum leverage reaching up to 1:500 for retail accounts and 1:100 for institutional accounts. The minimum trade size and overnight fees are also factors that traders should consider, although specific details on these aspects have not been fully disclosed.
Raze Markets promotes its accounts as suitable for both beginner and experienced traders, aiming to provide competitive trading conditions. However, the lack of detailed information regarding the execution quality and potential slippage may be a concern for serious traders.
6. Funds Management
Raze Markets supports a variety of deposit methods to facilitate client funding, including:
- Bank Transfers
- Credit/Debit Cards
- Cryptocurrency Transfers
The minimum deposit requirement varies by account type, with the standard account requiring only $10. Deposits are typically processed quickly, although exact processing times have not been specified.
Withdrawal methods are also diverse, but specific details regarding withdrawal fees and processing times have not been provided. Clients have reported issues with withdrawals, including delays and unresponsiveness from customer support, which could be a significant concern for potential investors.
The broker does not appear to charge deposit fees, but the lack of clarity surrounding withdrawal fees and processing times may deter some traders from engaging with Raze Markets.
7. Customer Support and Educational Resources
Raze Markets offers customer support through various channels, including:
- Phone Support: +44 (0) 7123 456 789
- Email Support: support@razemarkets.com
- Online Chat: Available on their website
- Social Media: Active on platforms like Instagram and LinkedIn
The support team aims to provide timely assistance, although reports from users indicate mixed experiences regarding response times and effectiveness.
The broker also offers educational resources, including webinars, tutorials, and market analysis services. These resources are designed to help traders improve their skills and stay informed about market trends. However, the comprehensiveness and accessibility of these educational materials have not been detailed.
8. Regional Coverage and Restrictions
Raze Markets primarily targets global markets, serving clients from various regions. However, it imposes restrictions on certain countries, including the United States, Singapore, and nations on international sanctions lists.
The broker's operational footprint includes its headquarters in Saint Lucia, with claims of a representative office in the UAE. However, the legitimacy of these claims has been questioned due to the lack of verifiable regulatory credentials and transparency regarding its operations.
In conclusion, while Raze Markets presents a broad range of trading products and account types, potential investors should approach with caution given the lack of clear regulatory oversight and mixed reviews regarding its customer service and withdrawal processes. The Raze Markets broker aims to establish itself in the competitive trading landscape, but thorough research and due diligence are essential for anyone considering engaging with this platform.
Raze Markets Similar Brokers
Latest Reviews
Niccolò Yug
Italy
The account management on Raze Markets is pretty straightforward. Their spreads and commissions are average; not the best, but not terrible either. Their trading instruments are decent, but I've seen broader.
37130
2024-05-29
Johannes 75203
United Kingdom
They're offering a 50% deposit bonus right now, amazing! You can copy other traders' moves! Great! I was a bit hesitant at first, so I tried it out with a demo account for two weeks. Everything seemed to be working well, so I decided to take the plunge and start trading with real money. So far, so good!
Positive
2024-07-19