Raw Forex 2025 Review: Everything You Need to Know
In the ever-evolving landscape of online trading, Raw Forex has emerged as a significant player, albeit with a controversial reputation. This review synthesizes various insights from multiple sources, revealing a broker that offers a range of trading options but raises significant concerns regarding its regulatory status and user experiences. Key findings indicate that while Raw Forex provides access to various trading instruments, its lack of regulation and numerous negative user reviews suggest caution for potential investors.
Note: It is crucial to consider the varying regulatory statuses across regions, as Raw Forex operates under different entities in different jurisdictions. This review aims to provide a fair and comprehensive assessment based on available data.
Ratings Overview
We score brokers based on user reviews, regulatory compliance, and service offerings.
Broker Overview
Founded in 2015, Raw Forex operates under the jurisdiction of Raw Forex (SV) Ltd, based in St. Vincent and the Grenadines. The broker provides trading services primarily through the popular MetaTrader 4 (MT4) platform, enabling users to trade various asset classes, including Forex, commodities, and cryptocurrencies. However, it is important to note that Raw Forex lacks regulation from major financial authorities, raising concerns about its reliability and the safety of client funds.
Detailed Analysis
Regulatory Status
Raw Forex operates without any significant regulatory oversight, which is a significant red flag for potential traders. The broker claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines; however, there is no verifiable evidence to support this claim. The absence of regulation means that traders have limited recourse in case of disputes or issues with fund withdrawals, making it a risky choice for trading.
Deposit and Withdrawal Methods
Raw Forex supports a variety of deposit and withdrawal methods, including credit cards and bank transfers. However, specific details regarding transaction fees and processing times are not clearly outlined on their website. Users have reported difficulties in withdrawing funds, often citing excessive fees or delays, which is a common complaint among unregulated brokers.
Minimum Deposit
The minimum deposit requirement at Raw Forex is reported to be around $100 for a micro account. However, higher tiers, such as the classic and VIP accounts, require significantly larger initial investments, which could deter novice traders.
Currently, Raw Forex does not offer any bonuses or promotional incentives, which is a common practice among many regulated brokers. The lack of promotional offers may indicate a more serious approach to trading, but it also means fewer incentives for new traders to join the platform.
Asset Classes
Raw Forex provides access to a wide range of trading instruments, including 62 currency pairs, commodities like gold and crude oil, as well as various cryptocurrencies. This diversity can be appealing for traders looking to explore different markets; however, the execution quality and spreads remain a concern.
Costs (Spreads, Fees, Commissions)
The broker offers variable spreads, which can start from 0.7 pips, but users have reported wide spreads, especially during volatile market conditions. Additionally, commissions are applicable for certain account types, which can add to the overall trading costs.
Leverage
Raw Forex offers leverage up to 1:100, which is a standard offering in the industry. However, the maximum leverage has been reduced from previously higher levels, reflecting a more cautious approach to risk management.
The primary trading platform offered by Raw Forex is MetaTrader 4 (MT4), which is widely recognized for its user-friendly interface and robust features. However, the absence of MetaTrader 5 (MT5) limits the trading tools and capabilities available to users looking for advanced features.
Restricted Regions
Raw Forex does not operate in several countries, including the United States, Canada, and various others. This limitation may restrict access for many potential traders.
Available Customer Support Languages
Customer support at Raw Forex is reportedly limited, with users expressing dissatisfaction over response times and the quality of assistance provided. The primary language for customer support appears to be English, which may not cater to non-English speaking traders.
Ratings Revisited
Detailed Breakdown
-
Account Conditions (4/10): Raw Forex offers various account types, but the lack of transparency regarding fees and conditions raises concerns. User feedback suggests that the accounts may not be as favorable as advertised.
Tools and Resources (5/10): While the broker provides access to MT4 and a selection of trading instruments, the lack of educational resources and market analysis tools limits its appeal for novice traders.
Customer Service (3/10): User reviews indicate that customer support is lacking, with many traders reporting slow response times and inadequate assistance.
Trading Experience (4/10): The trading environment is generally acceptable, but issues with spreads and execution quality have been noted, especially during volatile periods.
Trustworthiness (2/10): The absence of regulatory oversight and numerous negative reviews significantly impact trust in Raw Forex. Many users express concerns about fund withdrawals and the overall reliability of the broker.
User Experience (3/10): Overall user experiences are mixed, with many traders reporting difficulties with withdrawals and customer support, overshadowing the positive aspects of the trading platform.
In conclusion, while Raw Forex offers a range of trading options and access to popular platforms, the significant concerns regarding its regulatory status and user experiences suggest that potential traders should exercise caution. Engaging with this broker may expose traders to unnecessary risks, particularly in terms of fund safety and withdrawal issues.
