Raze Markets

According to WikiFX data, Raze Markets holds a SkyEye score of 1.92, indicating a low overall rating. The broker operates without verified regulatory oversight; its listed FSCA (South Africa) license application remains unverified. This lack of credible financial oversight means the entity carries elevated risk for traders seeking regulatory protection. The platform does offer a full MT5 license with average execution speeds of 162 ms, but the absence of a valid regulatory license is a significant concern for safety and reliability.

Raze Markets is not regulated by any major financial authority. The broker lists an unresolved license application with South Africa’s Financial Sector Conduct Authority (FSCA) under license number 53229, but this status remains unverified. As a result, the firm currently operates without any authoritative forex trading license, placing it in the unregulated category.

The minimum deposit required to open a live account with Raze Markets is $250, which is the entry condition for the Starter account. Other account types have higher minimums: Trader ($2,500), Trader+ ($10,000), Premium ($50,000), and VIP ($200,000+).

Raze Markets supports the MetaTrader 5 (MT5) platform with a full license. The broker does not offer MT4. The average execution speed on MT5 is recorded at 162 ms, which is competitive for retail forex trading.

Pro: The broker offers a fully licensed MT5 platform with a range of five account types, competitive leverage up to 1:1000, and an average execution speed of 162 ms. Cons: (1) The broker lacks any verified regulatory license, operating with an unverified FSCA application. (2) Its WikiFX SkyEye score of 1.92 is very low, reflecting poor overall risk assessment. (3) A user complaint has been reported regarding delayed withdrawals and unresponsive customer support, indicating potential operational issues.

Yes, WikiFX data includes a user complaint (from user FX2929163241) stating that withdrawal requests were delayed for weeks and that the broker did not respond to emails or support tickets. There are also mixed reviews: one positive review mentioning a 50% deposit bonus and a demo account experience, and one neutral review noting that account management is straightforward but spreads and commissions are average.

Raze Markets is registered in Saint Lucia and does not hold any licenses from U.S. regulators such as the SEC or CFTC. Based on its unverified regulatory status and the absence of a U.S. presence, it is highly unlikely that the broker offers services to U.S. residents. Traders should verify directly with the broker’s official website or customer support for definitive regional availability.

The Starter account requires a low minimum deposit of $250 and offers a demo account (as noted in a user review), which can help beginners practice. However, the broker operates without verified regulation, which removes key investor protections like negative balance protection and fund segregation. Additionally, leverage options up to 1:1000 pose significant risk for inexperienced traders. While the low entry barrier and demo account are beginner-friendly, the lack of oversight and high leverage make this broker a risky choice for novices.

Raze Markets provides five account types: Starter (min deposit $250, spreads from 2.0 pips, leverage up to 1:400), Trader (min $2,500, spreads from 1.8 pips, leverage up to 1:1000), Trader+ (min $10,000, spreads from 1.4 pips, leverage up to 1:500), Premium (min $50,000, spreads from 1.0 pips, leverage up to 1:500), and VIP (min $200,000+, spreads from 0.8 pips, leverage up to 1:300). All accounts support scalping, hedging, and Expert Advisors (EAs), and are available on MT5. Higher-tier accounts offer tighter spreads and lower maximum leverage, catering to different trading styles and capital levels.

Raze Markets offers leverage up to 1:1000 on the Trader account, while other accounts have lower maximums (e.g., 1:400 on Starter, 1:500 on Trader+ and Premium, 1:300 on VIP). High leverage amplifies both potential profits and losses, making it a high-risk feature. The broker does not provide negative balance protection, and the lack of regulatory oversight further increases the risk. Traders should use leverage cautiously and consider their risk tolerance.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.