Raising FX 2025 Review: Everything You Need to Know
Raising FX has emerged as a notable contender in the online forex trading landscape. However, a thorough examination of user experiences and expert analyses reveals a complex picture, marked by both appealing features and significant red flags. This review synthesizes the available information, highlighting key characteristics such as regulatory concerns and user feedback.
Note: It is crucial to be aware of the different entities operating under the Raising FX name across regions, as this can significantly impact user experience and trustworthiness. The following assessment aims for fairness and accuracy, drawing on a variety of sources.
Ratings Overview
We score brokers based on user feedback, expert opinions, and factual data.
Broker Overview
Established in 2018, Raising FX operates from Rosebank, South Africa, and presents itself as a global online broker. The platform primarily utilizes the popular MetaTrader 4 (MT4) for trading, offering a wide array of assets including forex, commodities, cryptocurrencies, and indices. However, its regulatory status is a significant concern, as it is only regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, and has been blacklisted by the French Autorité des Marchés Financiers (AMF) due to alleged fraudulent activities.
Detailed Analysis
Regulatory Areas
Raising FX claims to be regulated by the FSCA in South Africa, which is a legitimate regulatory body. However, the broker has also been flagged by the AMF for operating without proper authorization. This duality raises serious questions about the broker's legitimacy and operational integrity. According to various sources, including Broker Jungle, the lack of oversight from a reputable financial authority poses a substantial risk to traders.
Deposit/Withdrawal Options
Deposits can be made through various methods including credit/debit cards, bank transfers, and cryptocurrencies, with a minimum deposit requirement of €200. However, user reviews indicate difficulties with withdrawals, and many have reported that their requests go unanswered, leading to skepticism about the broker's reliability. As noted by WikiFX, there are significant concerns regarding the ease of accessing funds after they have been deposited.
Raising FX does not prominently advertise any bonuses or promotions, which is not uncommon among brokers with questionable reputations. The absence of such incentives may reflect a focus on maintaining operational integrity, but it also means that traders may miss out on potential benefits offered by more reputable brokers.
Asset Classes
Raising FX offers a broad spectrum of tradable assets, including over 60 forex pairs, various commodities, and cryptocurrencies. This diversity can be appealing to traders looking for a one-stop trading solution. However, the quality of execution and the actual trading conditions remain under scrutiny, as user experiences suggest that the broker may not deliver on its promises of low spreads and high leverage.
Costs (Spreads, Fees, Commissions)
The broker advertises spreads starting from 0.0 pips, but user reviews indicate that these figures may be misleading. According to PM568, the actual trading costs can be higher than advertised, and hidden fees may apply, further complicating the trading experience.
Leverage
Raising FX offers leverage up to 1:400, which is significantly higher than the limits set by many regulatory bodies, particularly in Europe. While high leverage can amplify profits, it also increases the risk of substantial losses, making it a double-edged sword for traders. The potential for such high leverage has led to concerns about the broker's risk management practices.
Raising FX primarily utilizes the MT4 platform, which is well-regarded in the trading community for its user-friendly interface and robust features. However, the platform is offered on a white-label basis, which may limit its functionality compared to brokers that provide fully integrated solutions. This limitation has been pointed out by several sources, including Trading Fraud Reviews.
Restricted Regions
Raising FX is not authorized to operate in several jurisdictions, including the United States and the European Union. This restriction raises additional concerns for potential clients who may be seeking a broker that complies with local regulations.
Customer Support Languages
Customer support is available primarily in English, with some sources indicating that support may also be offered in French. However, many users have reported difficulties in reaching customer service, particularly regarding withdrawal issues. This lack of responsiveness can significantly impact the overall trading experience.
Final Ratings Overview
In summary, while Raising FX presents itself as a competitive trading platform, significant concerns regarding its regulatory status, user experiences, and overall trustworthiness cannot be overlooked. Potential traders should exercise extreme caution and consider alternative brokers with established reputations and regulatory oversight.
