RazerMarkets Forex Broker

Note: Razer Markets' official website: https://www.razermarkets.com/ is currently inaccessible normally.Razer MarketsReview SummaryFounded2020Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, commodities, stocks, indices, cryptocurrenciesDemo Account❌LeverageUp to 1:500SpreadFixed at 1 pipTrading PlatformWebMin Deposit€500Customer Support/Region RestrictionsUSRazer Markets Information Razer Markets is an unregulated broker, offering trading on forex, commodities, stocks, indices and cryptocurrencies with leverage up to 1:500 and fixed spread at 1 pip on the web-based trading platform. The minimum deposit requirement is €500.Pros and ConsPros Cons Tight spreadsLimited trading productsNo demo accountsNo MT4/MT5No contact channelsHigh minimum deposit requirementIs Razer Markets Legit? No. It is registered in the Marshall Islands, which is filled with scammers and shady companies. It is blacklisted as a Scam by FCA, CONSOB, and CMVM. It does not offer guaranteed funds or segregated accounts.What Can I Trade on Razer Markets?Tradable Instruments Supported Forex✔Commodities✔Stocks✔Indices✔Cryptocurrencies✔ETFs❌Bonds❌Account Type Here are four account types Razer Markets offers:Account TypeMin DepositBasic€500Silver€5000Golden€50000Platinum€250000Leverage Razer Markets offers flexible leverage options, varying by account type.Account TypeMax LeverageBasic1:200Silver1:300Golden1:400Platinum1:500Razer Markets Fees Razer Markets Spreads The spread is fixed at 1 pip. Non-Trading Fees The dormant fee is higher than ordinary brokers. A dormant account will be subject to 10% monthly deduction after 6 months of inactivity, which is an unfair clause.Trading PlatformTrading PlatformSupportedAvailable Devices Suitable forWeb✔Web/MT4❌/BeginnersMT5❌/ExperiencedDeposit and Withdrawal Razer Markets accepts payments via credit cards and wire transfers. No minimum withdrawal amount defined and no fees or charges specified.