Raze Markets 2025 Review: Everything You Need to Know
Raze Markets has garnered mixed reviews since its inception, with significant concerns regarding its legitimacy and regulatory status. While the broker claims to offer a wide range of trading opportunities and advanced tools, many users have reported issues related to withdrawals and customer support. The following review synthesizes various insights about Raze Markets, highlighting key features, user experiences, and expert opinions.
Note: It's crucial to be aware that Raze Markets operates under different entities in various jurisdictions, which raises questions about its regulatory compliance and operational transparency.
Rating Summary
We assess brokers based on user feedback, expert analysis, and factual data from reliable sources.
Broker Overview
Founded in late 2023, Raze Markets operates under the entity Raze Global Markets Ltd, with its headquarters listed in Saint Lucia. The broker offers trading through the popular MetaTrader 5 platform, providing access to a diverse range of assets, including forex, stocks, indices, commodities, and cryptocurrencies. However, the absence of a regulatory license from recognized authorities such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC) raises significant red flags regarding its operational legitimacy.
Detailed Breakdown
Regulatory Regions:
Raze Markets claims to be registered in Saint Lucia and has an entity listed under the Financial Sector Conduct Authority (FSCA) in South Africa. However, many reviews indicate that it lacks proper regulatory oversight, which is essential for investor protection.
Deposit/Withdrawal Currencies/Cryptocurrencies:
The broker accepts various deposit methods, including credit/debit cards and cryptocurrencies. However, many users have reported difficulties in withdrawing their funds, with common complaints about unexplained delays and unresponsive customer support.
Minimum Deposit:
The minimum deposit requirement is relatively low, starting at $10 for a standard account. However, users have expressed concerns that this low entry point might be a tactic to lure in inexperienced traders.
Bonuses/Promotions:
Raze Markets offers various promotional bonuses, but the terms and conditions surrounding these bonuses can be restrictive, often complicating withdrawal processes.
Tradeable Asset Classes:
Raze Markets provides access to a broad range of trading instruments, including over 1,000 CFDs across forex, commodities, indices, and cryptocurrencies. This extensive asset coverage could appeal to traders looking for diversification.
Costs (Spreads, Fees, Commissions):
Spreads start from 0.0 pips for certain account types, but users have reported hidden fees and commissions that are not clearly disclosed. This lack of transparency can lead to unexpected trading costs.
Leverage:
The broker offers leverage up to 1:500, which is significantly higher than many regulated brokers. While high leverage can amplify profits, it also increases the risk of substantial losses, making it a double-edged sword for traders.
Allowed Trading Platforms:
Raze Markets primarily uses the MetaTrader 5 platform, known for its advanced capabilities and user-friendly interface. However, some reviews suggest discrepancies in the platform's performance and features compared to industry standards.
Restricted Regions:
Raze Markets appears to restrict access to residents from certain jurisdictions, including the United States and several other countries, which could limit its user base.
Available Customer Service Languages:
Customer support is reportedly available in English, but many users have expressed dissatisfaction with the quality and responsiveness of the support team.
Repeated Rating Summary
Detailed Breakdown of Ratings
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Account Conditions (4/10): While Raze Markets offers low minimum deposits and multiple account types, the lack of transparency regarding fees and withdrawal issues significantly detracts from its appeal.
Tools and Resources (5/10): The availability of the MetaTrader 5 platform is a strong point, but users have reported inconsistencies in its performance and features compared to other brokers.
Customer Service and Support (3/10): Many users have voiced frustrations over the unresponsiveness and lack of support from Raze Markets, particularly when attempting to withdraw funds.
Trading Experience (4/10): The trading conditions, including high leverage and a variety of asset classes, are attractive, but the potential for hidden fees and withdrawal complications diminishes the overall experience.
Trustworthiness (2/10): The absence of regulatory oversight and numerous user complaints about withdrawal issues raise serious concerns about the broker's reliability and integrity.
User Experience (4/10): While some users find the platform user-friendly, the overall experience is marred by reports of poor customer service and operational transparency.
In conclusion, Raze Markets presents itself as a broker with various attractive features, but the overwhelming concerns regarding its legitimacy, regulatory status, and user experiences suggest that potential investors should exercise caution. Conducting thorough research and opting for well-regulated alternatives is advisable to safeguard your investments.
