RaiseFX Company Overview:
According to the official website of RaiseFX, the company along with its associated enterprises, RaiseGroup LLP and Raise Group MENA Markets S.A.R.L., are registered in South Africa, Kazakhstan, and Lebanon, respectively. However, the registration information of the company and its affiliates could not be verified and confirmed through the relevant government websites of South Africa, Kazakhstan, and Lebanon. Additionally, website domain registration information retrieved from Whois indicates that the domain for the company's official website was registered on September 16, 2019, which means it has been over four years since the registration.
Is RaiseFX Compliant and Licensed?
Information on the RaiseFX official website states that the company is regulated or authorized by the Financial Sector Conduct Authority (FSCA) of South Africa. A search on the FSCA's website confirms that this regulatory or authorization information is accurate.
Types of Trades Offered by RaiseFX:
According to the official website, RaiseFX offers trading services across forex, commodities, stocks, and indices to investors. Moreover, not only does the RaiseFX website provide detailed information on the specific trading products covered under forex, commodities, stocks, and indices, including spreads and overnight interest, but it does not provide information on commissions, minimum trade sizes, and maximum trade sizes.
Trading Software Provided by RaiseFX:
RaiseFX provides its investors with the MetaTrader5 (MT5) trading platform, available for both desktop (Windows/MacOS) and mobile (iOS/Android) versions. However, in some countries or regions, the Android version of the MT5 software might experience issues with downloading and installation or slow download and installation speeds.
Fund Safety:
RaiseFX has not published any third-party funds regulation information on its website, potentially leaving users' funds without guaranteed security.
Deposit and Withdrawal Channels:
Though RaiseFX's official website provides various deposit channels including VISA, Mastercard, wire transfer, Apple Pay, Google Pay, etc., along with supported currencies, fees, and deposit times for different channels, it does not offer information on its withdrawal channels, currencies, fees, and times.
Leverage Ratios:
RaiseFX provides leverage for various financial instruments traded, such as forex, indices, cryptocurrencies, commodities, and CFD stocks, with the highest leverage ratio available for RaiseFX approved accounts being 1:500. The leverage ratio varies depending on the type of financial instrument being traded. For forex, the highest leverage offered is 1:500, for indices, it is 1:200, for cryptocurrencies, 1:33, for commodities, it ranges from 1:20 to 1:500, and for CFD stocks, it is 1:10.
Conclusion:
RaiseFX is a brokerage firm established over four years ago with registrations in South Africa, Kazakhstan, and Lebanon. The company claims to be regulated or authorized by the Financial Sector Conduct Authority (FSCA) of South Africa and offers a diverse range of trading services in forex, commodities, stocks, and indices. The trading platform provided is MetaTrader5 (MT5), compatible with both desktop and mobile (iOS/Android) devices, offering users a convenient trading experience. RaiseFX offers various deposit methods, including VISA, Mastercard, wire transfer, Apple Pay, Google Pay, providing users with easy fund management options. Additionally, the company offers flexible trading leverage, with the maximum ratio being 1:500, allowing investors more flexibility in trading. Therefore, RaiseFX is marked as "operating normally" on the Trading Encyclopedia.
