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Raynar Group Forex Broker provides real users with 1 positive reviews, * neutral reviews and 3 exposure review!

Raynar Group Broker Review

1.40

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Business

Influence E

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Raynar Group Review 4

Latest All(4) Positive(1) Exposure(3)
Exposure
IG dating scams, providing fake exchange websites, requiring capital verification deposits, guarantee deposits, and last deposits when making profit withdrawals

A boy in Hong Kong who claimed to be Li Yuxiang added my IG on 6/04. He was very enthusiastically in chat and quickly developed into a lover. He greeted three meals a day, shared daily photos, or talked on the phone, and chatted. He mentioned that he usually studies cryptocurrencies, and then he began to teach me to transfer money from the MAX platform to the OKX wallet, and then to the Exchange platform Chaince, using futures trading with an initial amount of about NT$200,000 and a profit of about US$410. After slowly making a profit, he encouraged me to put the stock money into cryptocurrency to obtain higher profits, because he kept guaranteeing that he could definitely withdraw it every other month, so I completely trusted him and borrowed 1.54 million from the bank, and borrowed another 2 million from friends, hoping to maximize the benefits. The profit increased from a few hundred dollars to several thousand, or even tens of thousands of dollars, and Mr. Li also invested 30,000 dollars to invest together, so I fully believe that we can create wealth together. Until July 25, when the last transaction was about to be withdrawn, the platform required a capital verification deposit of more than US$99,000. In only one week, I moved out the available deposit and completed the payment together with Mr. Li. As a result, the platform came to notify again that due to frequent transactions, another deposit of about US$60,000 was required to prove that the source of funds was legitimate. Before and after, Mr. Li paid a deposit of 77,000 US dollars for me, so I trusted him very much. When I used all my savings and took out all my savings on 8/02, the platform claimed that some of the funds were not paid by me, but This amount happened to be the fund that Mr. Li helped to pay, so it is necessary to provide a security deposit of about 40,000 US dollars, and the deadline for payment is before 12 o'clock in the evening on 8/04. Generally, when we pay, we only show the address of the wallet on the chain. How can the platform know that those are Mr. Li’s? That’s night, the platform directly deleted my account, and I realized that I had been cheated. And when I told Mr. Li that there was really nothing I could do to pay, he got furious and angry. 8/05, that is, today, the website of the exchange has been moved. Looking back on this process, every time the exchange changed its website, Mr. Li notified me as soon as possible, not the platform. And although he got stuck with more than 70,000 U.S. dollars in funds, he didn't want to solve it, but kept asking me to find the money again. Isn't this unreasonable? Obviously, Mr. Li is related to this whole platform, please be careful.

Wendy695
2023-08-05
Exposure
Garbage fund tray

Open for 3 months and run away at the end of 2022

enyi
2023-07-20
Positive

Raynar Group proved hugely advantageous for me due to leverage and bonus. They provide up to a 1:1000 leverage ratio to their clients and the second thing is the high welcome bonus.

尊圣
2022-12-12
Exposure
extortion

Raynar told us to be able to withdraw “our” money with over$55,000 we have to pay 20% to initiate our account! we already has money with them and kept blaming exchange agent. if this is not a scam what is. will some one help me I am ready to pay 25% from my money in Raynar’s account

ace1247
2022-11-26

  

Raynar Group 2025 Review: Everything You Need to Know

  The Raynar Group has garnered significant attention in the forex trading community, but not all of it is positive. This review synthesizes various sources to present a comprehensive overview of Raynar Group, highlighting its potential risks and shortcomings. Key findings indicate that Raynar Group is unregulated, with numerous complaints regarding withdrawal issues and a lack of transparency, marking it as a potentially unsafe option for traders.

  Note: The information presented in this review is based on multiple sources, reflecting a consensus on the risks associated with Raynar Group. It is essential to consider the differences in regulatory environments across regions when evaluating brokers.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Ratings are derived from a comprehensive analysis of user experiences, expert opinions, and factual data.

  

Broker Overview

  Founded in 2022, Raynar Group is an online forex broker based in Ukraine. It operates without any regulatory oversight, which raises significant concerns regarding the safety of client funds. The broker offers its proprietary trading platform, which is not as widely recognized as industry standards like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Raynar Group claims to provide access to various asset classes, including currency pairs, commodities, indices, and shares, but lacks transparency regarding its trading conditions and fees.

  

Detailed Analysis

  

Regulatory Status

  Raynar Group operates without regulation, which is a major red flag. As per multiple sources, including BrokersView, Ukraine currently does not have a regulatory authority overseeing forex trading. This lack of oversight means that traders have limited recourse in case of disputes or fund mismanagement.

  

Deposit and Withdrawal Methods

  The minimum deposit required to open an account with Raynar Group is reported to be $500, which is relatively high compared to many regulated brokers. However, specific details about accepted deposit and withdrawal methods are unclear, raising concerns about the broker's transparency. Users have reported difficulties in withdrawing funds, with some sources indicating that withdrawal requests are often met with unreasonable conditions or outright refusals (Crypto Complaint).

  

Bonuses and Promotions

  Raynar Group seems to offer various bonuses and promotions, but the terms associated with these offers are often vague. Many unregulated brokers use enticing bonuses to attract clients, only to impose stringent conditions that make it difficult to withdraw funds later. This tactic has been highlighted in several reviews as a common strategy employed by potentially fraudulent brokers.

  

Trading Assets

  Raynar Group provides access to a limited range of trading assets, primarily focusing on forex, commodities, indices, and shares. The absence of cryptocurrencies and other asset classes may deter some traders looking for diversity in their portfolios. Additionally, the lack of a well-known trading platform like MT4 or MT5 can be a significant drawback for users accustomed to those environments.

  

Costs (Spreads, Fees, Commissions)

  Reports indicate that Raynar Group charges commissions that vary by account type, with some sources citing fees as high as $6 per lot. While the spreads are reported to start from 0.1 pips, the overall cost structure remains unclear due to the lack of detailed information on the broker's website. This ambiguity can be concerning for traders who need to understand the exact costs involved in their trading activities.

  

Leverage

  Raynar Group offers an extremely high leverage ratio of up to 1:1000, which is significantly higher than the limits set by most regulatory authorities. While high leverage can amplify profits, it also increases the risk of substantial losses, particularly for inexperienced traders. The high leverage offered by Raynar Group is a common tactic among unregulated brokers to entice clients, but it poses a significant risk to traders' capital.

  

Restricted Regions

  There is limited information about the specific regions where Raynar Group operates. However, given its unregulated status, it is advisable for traders from regulated jurisdictions to avoid this broker entirely. Engaging with unregulated brokers can expose traders to various risks, including the potential loss of funds without any legal recourse.

  

Available Customer Service Languages

  Raynar Group provides customer support primarily in English and Ukrainian. However, numerous reviews indicate that the quality of customer service is lacking, with many users reporting difficulties in reaching support representatives and receiving timely responses.

  

Final Ratings Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 2
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions: The minimum deposit is relatively high at $500, and the withdrawal process is fraught with challenges, leading to a low score.

  •   Tools and Resources: The lack of a recognized trading platform and limited educational resources contribute to a poor rating.

  •   Customer Service and Support: Users have reported slow response times and difficulties in communication, resulting in a very low score.

  •   Trading Setup (Experience): The overall trading experience is marred by the broker's unregulated status and unclear fee structures.

  •   Trustworthiness: With no regulatory oversight and numerous complaints about withdrawal issues, Raynar Group scores poorly in this category.

  •   User Experience: The general sentiment from users is negative, with many expressing frustration over withdrawal difficulties and lack of transparency.

  •   In conclusion, the Raynar Group review highlights significant risks associated with trading through this broker. With its unregulated status, high minimum deposit, and numerous complaints regarding customer service and withdrawal issues, potential traders are advised to exercise caution and consider more reputable alternatives.

Raynar Group review