Michael Rayh fx is a UK-based Forex broker that provides investors with trading services in Forex, commodities, equities, indices and ETFs. The company's official website supports English, German, Spanish, Italian as the language of use. In addition, the account registration page of the Michael Rayh fx website is only available in English.
Company background:
The Michael Rayh fx website does not provide company registration information, and the Michael Rayh fx website shows its contact address in the UK. According to contact information queries, the UK Companies House website did not find any registration information related to the company. In addition, according to the Whois query of the website domain name registration information shows that the company's official website domain name registration on August 17, 2023, the domain name registration time is not more than half a year ago.
Account Registration:
According to the Michael Rayh fx website, the company provides investors with a link to register for a real account. The way to register a real account is: Click "Sign Up" in the upper right corner of Michael Rayh fx official website, or "Log in" on the left of the home page of Michael Rayh fx official website to enter the registration page, and select or fill in the information such as name, user name, Email, telephone number, country, password, etc., to complete the real account registration. The account registration page on the Michael Rayh fx website is available in English only. However, the Michael Rayh fx website does not provide a link to sign up for a demo account.
Account Type:
According to the official website of Michael Rayh fx, the company offers investors three types of trading accounts: Private Equity, Renewables and Infrastructure. Rightfx Trading also provides the differences between the three different account types in terms of minimum deposit and customer service. However, the Michael Rayh fx website does not provide the differences between these three account types in terms of commission, spread, margin (leverage) ratio.
Trading Products:
According to the official website of Michael Rayh fx, the company provides investors with foreign exchange, commodities, stocks, indexes, ETFs trading services. However, the official website of Michael Rayh fx does not provide specific trading products covered by foreign exchange, commodities, stocks, indices and ETFs, nor does it provide information on specific trading products' commissions, spreads, margin (leverage) ratios, minimum trading units and maximum trading units.
Margin ratio:
The Michael Rayh fx website not only does not provide margin (leverage) ratio for different account types, but also does not provide margin ratio information for specific trading products covered by forex, commodities, stocks, indices and ETFs.
Trading Hours:
The Michael Rayh fx website does not provide information on the trading hours of specific trading products covered by Forex, commodities, stocks, indices and ETFs.
Deposits and Withdrawals:
The official website of Michael Rayh fx only provides the minimum deposit and withdrawal amount, maximum deposit and withdrawal amount, monthly deposit and withdrawal times, monthly deposit and withdrawal amount ceiling and other information, but does not provide the deposit and withdrawal channels and methods supported by it, as well as the deposit and withdrawal currency, cost, time and other information.
Trading Software:
The Michael Rayh fx website does not provide information on the trading software.
Other services:
According to the official website of Michael Rayh fx, the company provides investors with economic calendar, technical analysis, and foreign exchange market heat map services. The Economic calendar can help investors understand the financial events that have happened or are about to happen in the financial markets. Technical analysis and heat maps of the forex market allow investors to understand the emotional state of different trading products and trading heat.
Regulatory information:
The Michael Rayh fx website does not provide the licensing or regulatory information it has obtained. The website of Michael Rayh fx shows that the website of the regulator contacted, the Financial Conduct Authority (FCA), shows that Michael Rayh fx is an unauthorized company.
Summary:
Michael Rayh fx is suspected of fraud. On the one hand, the official website of Michael Rayh fx does not provide information about Michael Rayh fx, spreads, commissions, deposits, withdrawals and trading software for trading products. On the other hand, the Michael Rayh fx website shows its contact address in the UK. According to contact information queries, the UK Companies House website did not find any registration information related to the company. More importantly, the Michael Rayh fx website does not provide the authorized or regulatory information it has obtained, and the website of the Financial Conduct Authority (FCA), the regulator contacted by the Michael Rayh fx website, shows that Michael Rayh FX is an unauthorized company. According to this judgment, Michael Rayh fx is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
