Rising International Trader is a suspected fraudulent contract for difference (CFD) trading platform. The domain of its official website, risingfxltd.com, was registered on September 4, 2024. It mainly offers trading services in forex, metals, crude oil, indices, and other financial derivatives. This broker does not provide services in jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on risingfxltd.com, Rising International Trader claims to be an international investment service provider committed to offering global institutions and retail clients risk control and transfer solutions, and integrated global trading services in international spot and futures CFDs. They allege to have established service institutions in Australia, New Zealand, the USA, China, and other regions, with operations spanning globally, and have established long-term cooperation with financial investment institutions in more than 11 countries.
However, the broker does not disclose its company registration information or related regulatory information on its website. Additionally, it lacks detailed legal documents such as user agreements and privacy policies.
Upon investigation, no registration information for a company named Rising International Trader could be found on the websites of major financial regulatory bodies such as the UK's Financial Conduct Authority (FCA), the USA's Financial Industry Regulatory Authority (FINRA), and the Australian Securities and Investments Commission (ASIC).
Hence, risingfxltd.com is actually a fraudulent broker website that lacks both a company entity and regulatory oversight.
Trading Instruments
risingfxltd.com offers a variety of financial derivatives trading services, including:
- Forex: The forex market is the largest and most active financial market globally, trading the exchange rates of different national currencies. Forex traders profit by buying and selling currency pairs such as EUR/USD, USD/JPY, etc. The market is influenced by macroeconomic data, central bank policies, and geopolitical factors.
- Metals: Precious metals like gold and silver are safe havens for investors during uncertain times. The metals market includes trading physical commodities and involves futures contracts, with prices affected by global supply and demand, inflation expectations, and the US dollar's movements.
- Crude Oil: The crude oil market is a vital part of global energy trading, with significant price volatility driven by factors such as supply and demand, geopolitical issues, natural disasters, and OPEC decisions. Traders typically participate in the crude oil market through futures contracts.
- Indices: Stock market indices like the S&P 500, Dow Jones Industrial Average, and Nikkei 225 represent the overall performance of a basket of stocks. Index trading usually involves derivatives like CFDs or futures contracts and serves as a barometer of market health.
Account Opening Process
Rising International Trader account opening process:
- Open risingfxltd.com, click "OPEN REAL ACCOUNT" on the homepage or in the top right corner of the webpage to access the account registration page.
- Fill in the required information, including name, phone number, email address, and set up a login password. Then, upload both sides of your ID and submit the application form.
- Once the application is submitted, the account will be successfully registered. After logging into the account, a full KYC verification is needed before deposits and trading can commence.
Account Trading Information
risingfxltd.com does not disclose details about spreads, trading leverage, account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, margin call/stop-out levels, minimum price increments, or contract sizes.
Trading Platform and Deposit/Withdrawal Methods
risingfxltd.com claims to offer the MT4 trading platform. However, its provided download link indicates the company entity as Rising International Management Company Limited. The MT4 platform offered by Rising International Trader shows the broker’s name as "RisingInternational," which is not found on the MT4 site.
Moreover, the broker does not clearly state its supported deposit/withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that Rising International Trader (risingfxltd.com) is a fraudulent brokerage site with opaque registration and regulatory information. The site can only be contacted via email, providing very limited means of communication.
Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputations to avoid unnecessary financial losses.
