Raisefx 2025 Review: Everything You Need to Know
Raisefx, a forex broker operating primarily out of South Africa, has garnered attention for its aggressive marketing and a wide array of trading options. However, a closer look reveals a mix of positive features and significant red flags that potential investors should consider. This review compiles various sources to provide a comprehensive overview of Raisefxs offerings and user experiences.
Note: It is crucial to be aware that Raisefx operates under multiple entities in different jurisdictions, which may affect the regulatory oversight and protection available to traders. Users are advised to conduct thorough research before engaging with this broker.
Ratings Overview
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding the broker's offerings and regulatory status.
Broker Overview
Founded in 2019, Raisefx is operated by Raise Group LLC, which claims to be licensed under the Financial Supervision Committee of Kazakhstan. However, this claim has raised concerns as no major regulatory authority recognizes this license for forex trading. The broker primarily utilizes the popular MetaTrader 4 (MT4) platform, offering a range of trading instruments including forex, CFDs, commodities, and cryptocurrencies.
Raisefx is especially appealing to traders looking for high leverage options, with ratios reaching up to 1:400. However, this high leverage comes with increased risk, particularly for inexperienced traders.
Detailed Breakdown
Regulatory Regions
Raisefx claims to be regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, but it has been blacklisted by the French Autorité des Marchés Financiers (AMF). This discrepancy raises concerns about the broker's legitimacy and operational practices, especially for traders in regions where it is not authorized to operate.
Deposit/Withdrawal Currencies and Cryptocurrencies
Raisefx accepts deposits in various fiat currencies, including USD, EUR, and GBP, along with several cryptocurrencies like Bitcoin and Ethereum. However, the broker primarily promotes cryptocurrency transactions, which are irreversible and pose a higher risk for users.
Minimum Deposit
The minimum deposit required to open an account with Raisefx is €200, which is considered high compared to many reputable brokers that allow for lower initial investments.
There is limited information regarding bonuses or promotions offered by Raisefx, which is a common tactic among more reputable brokers to attract new clients.
Tradable Asset Classes
Raisefx offers a diverse range of trading instruments, including:
- Forex: Over 90 currency pairs.
- Cryptocurrencies: More than 30 options including Bitcoin and Ethereum.
- CFDs: On commodities like gold and oil, as well as stock indices and shares.
Costs (Spreads, Fees, Commissions)
Raisefx advertises spreads starting from 0.0 pips, but users have reported hidden fees and commissions that can significantly affect profitability. The actual costs may vary based on the account type and trading volume.
Leverage
The broker offers a maximum leverage of 1:400 for forex trades, which is notably higher than what is allowed in many regulated markets. This can amplify both potential profits and losses, making it a double-edged sword for traders.
Raisefx primarily offers the MT4 platform, which is favored for its user-friendly interface and robust trading tools. However, the absence of MT5 or proprietary platforms may limit some traders' options.
Restricted Regions
Raisefx does not accept clients from several jurisdictions, including the United States, Canada, and the European Union, due to regulatory restrictions.
Available Customer Service Languages
Customer support is available in English, with limited resources for non-English speakers. Users have reported mixed experiences with customer service, noting that while some inquiries are handled promptly, others go unanswered.
Repeated Ratings Overview
Detailed Rating Analysis
Account Conditions (4/10)
Raisefx offers a standard account type with a relatively high minimum deposit requirement. While the leverage is attractive, the lack of transparency regarding account conditions and potential hidden fees is concerning.
The tools available are limited to the MT4 platform, which, while popular, does not include advanced features that some traders may expect. Educational resources are sparse, which can be a disadvantage for novice traders.
Customer Service and Support (5/10)
Customer service experiences vary, with some users reporting satisfactory interactions while others faced delays and unresponsiveness. The availability of multiple contact methods is a positive aspect.
Trading Setup (Experience) (4/10)
Users have noted that the trading experience can be inconsistent, with reports of platform issues and slow withdrawal processes. This inconsistency can hinder overall trading effectiveness.
Trustworthiness (2/10)
The significant red flags regarding regulatory status and the AMF blacklisting raise serious concerns about Raisefx's trustworthiness. Users are advised to proceed with caution.
User Experience (3/10)
Overall user experience has been mixed, with some traders appreciating the platform's features but many expressing frustration over withdrawal issues and customer support challenges.
In conclusion, while Raisefx offers certain appealing features such as high leverage and a variety of trading instruments, the numerous red flags surrounding its regulatory status and user experiences indicate that potential investors should approach with caution. It is highly recommended to consider alternative brokers with stronger regulatory oversight and positive user reviews.
