An investor needs to know about a broker before starting to trade with a new fx broker or any other trading platform. If you are planning to trade with RaiseFx, you should read this comprehensive RaiseFx review. Scam Help Center Team suspects RaiseFx as a fraudulent broker. Read the details here.
Website – https://raisefx.com/
Website Availability – YES
Address – 114 Oxford road, Rosebank, Gauteng, 2196, South Africa
Blacklisted Status – Bank Negara Malaysia (Malaysia), Autorité des marchés financiers (France)
Domain Age Information –
Domain Name: RAISEFX.COM
Registry Domain ID: 2433826148_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois-service.virtualcloud.co
Registrar URL: http://sav.com
Updated Date: 2024-08-19T23:03:48Z
Creation Date: 2019-09-16T14:39:28Z
Registry Expiry Date: 2029-09-16T14:39:28Z
Fraudulent Conduct by RaiseFx Broker
RaiseFx markets itself as a worldwide Forex broker that provides trading services across a range of financial markets, such as indices, currencies, and commodities. Modern trading platforms and tools are allegedly offered by the broker to both novice and experienced traders. The website of RaiseFx emphasizes high leverage, tight spreads, and a range of account types to accommodate traders of all skill levels. Nevertheless, the fact that RaiseFx has drawn the attention of important regulatory bodies is one of the main warning signs surrounding it. Both the French Autorité des Marchés Financiers (AMF) and the central bank of Malaysia, Bank Negara Malaysia (BNM), have issued advisories against this broker.
Negative Reviews and Red Flags
An important factor in evaluating RaiseFx’s reliability is the prevalence of negative reviews across various platforms. These reviews often highlight issues such as withdrawal problems, unresponsive customer service, misinformation, and clear signs of Romance fraud and other fraud. Given the numerous negative reviews that underscore the risks of trading on this platform, prospective investors are urged to exercise caution and consider more trustworthy forex trading brokers from the genuine forex brokers list.
Looking to invest safely? Choose a licensed and regulated forex brokers and avoid these fraudulent brokers 2024.
The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of RaiseFx’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a RaiseFx review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of RaiseFx broker
RaiseFx seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
RaiseFx offers assets that are highly risky and result in huge losses for investors.
RaiseFx sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is RaiseFx a fraudulent or legit broker?
Given the regulatory warnings and negative RaiseFx reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
Concerned about potential deceit? Protect yourself from internet dating scams, romance fraud, and fraudulent brokers by getting a free consultation.
Got Scammed by RaiseFx? Scam Help Center Is Your Solution for a Refund!
For victims of RaiseFx , getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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