Raze Markets
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, and cryptocurrencies
- Advanced trading platform: MetaTrader 5 with multiple device support
- Low minimum deposit requirement starting at $50
- 24/5 customer support available in multiple languages
- Variety of account types catering to different trading styles
Cons
- Not regulated by any recognized financial authority
- Lack of transparency regarding fund protection measures
- Mixed reviews on customer support efficiency
- High overnight fees reported by users
- Complex account opening process
Basic Information
User Reviews
Raze Markets Overview
Raze Markets is a financial brokerage firm founded in 2022 and registered in Saint Lucia. The broker operates under the full company name Raze Global Markets Ltd and has been providing trading services for a period of 2-5 years. With a focus on offering optimal trading conditions, Raze Markets allows clients access to a variety of trading instruments in the forex market, ensuring a robust trading experience with competitive pricing and liquidity sourced from top-tier banks and prime brokers.
The broker provides a diverse range of services, including trading in forex, commodities, and more, utilizing advanced trading platforms like MetaTrader 5. Customer support is available 24/5, offering assistance in multiple languages to cater to a global clientele. Raze Markets stands out with its commitment to delivering high-quality trading services and personal support, ensuring that traders at all levels can navigate their trading journeys with confidence and access valuable resources to enhance their trading strategies.
Is Raze Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Not Regulated | Saint Lucia | N/A |
Is Raze Markets Regulated and How Are Client Funds Protected?
Raze Markets is not regulated by any recognized financial authority, which poses inherent risks for traders. Without regulatory oversight, clients may lack the protections typically afforded by regulated brokers, such as access to compensation schemes or dispute resolution services. This lack of regulation increases the potential for fraud and may result in difficulties recovering funds in case of any issues. Traders should carefully consider these risks before engaging with Raze Markets.
Trading Products and Services
What trading instruments does Raze Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs | Many |
| Commodities | Gold, Oil | Many |
| Indices | S&P 500, NASDAQ | Many |
| Stocks | US, UK Stocks | Many |
| Cryptocurrencies | BTC, ETH | Many |
Raze Markets offers a diverse array of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive range allows traders, whether beginners or professionals, to tailor their trading strategies according to their investment preferences and risk profiles. By catering to different trading styles, Raze Markets enhances the opportunity for portfolio diversification, enabling traders to manage risk effectively and seize market opportunities. The availability of various products aligns with the needs of technical traders seeking detailed analysis, as well as long-term investors looking for stable returns, thus reinforcing the broker’s commitment to delivering versatile trading solutions.
Account Types and Trading Conditions
What Account Types and Fees Does Raze Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | New and experienced traders | Low minimum deposit, no commission, access to a wide range of instruments | Suitable for a variety of trading styles |
| Zero Spread Account | Active traders and scalpers | Zero spread on top instruments, market execution | Requires higher minimum deposit |
| Raw Spread Account | Professional traders | Lowest spreads with fixed commission, designed for high volume trading | Minimum deposit required |
Account Opening Process
To open an account with Raze Markets, follow these steps: first, register by choosing your account type and completing a secure application form. Next, verify your identity using the digital onboarding system, which requires submitting identification documents and proof of address. After successful verification, fund your trading account using various available methods. Once funded, you can start trading on your live account. Raze Markets allows flexibility in account types, enabling upgrades to a professional account if desired in the future.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.6 | $0 | Competitive spreads for major pairs |
| CFDs (Stocks, Indices, Commodities) | From 1.2 | $0 | No commissions on most accounts |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable based on market conditions |
Other Fees
Raze Markets may charge additional fees such as deposit and withdrawal fees depending on the method, inactivity fees if accounts are dormant, and overnight interest (swap rates) for positions held overnight. Currency conversion fees may also apply when trading in currencies other than the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does Raze Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Advanced charting, multiple order types, login security (2FA), technical indicators | Demo accounts, VPS |
| Web Version | Any device with a browser | Market search, price alerts, push notifications | None |
| Mobile App | iOS, Android | Convenient login, real-time alerts, order execution | None |
The MetaTrader 5 platform is suitable for advanced traders as it offers comprehensive tools for analysis and automation. The web version allows traders to access their accounts from any device with internet access, while the mobile app enhances trading convenience with real-time alerts and easy order execution. Raze Markets ensures secure logins across platforms, fast order execution, and effective tools for market search, catering to a wide range of trading needs.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $50, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | 1.5% fee | Min $50, Max $5,000/transaction | USD |
| Cryptocurrency | Instant | No fees | Min $50, Max $10,000/transaction | BTC, ETH |
| E-wallets | Instant | No platform fee, 1.5% charge for deposits | Min $50, Max $10,000/transaction | USD, EUR |
Minimum Deposit
The minimum deposit requirement at Raze Markets is $50. This amount is consistent across all payment methods and account types.
How to Withdraw
- Log in to your Raze Markets account.
- Navigate to the withdrawal section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Confirm your request and review any applicable fees.
- Submit the withdrawal request and wait for processing.
Customer Support
Raze Markets Customer Support Overview
Support Channels
Raze Markets provides multiple contact methods for customer support, ensuring that clients can receive assistance through their preferred channels. The main support options include:
- Email: Clients can reach out via support@razemarkets.com for any inquiries or issues.
- Live Chat: An online chat feature is available on their website, allowing for real-time assistance.
- Telephone: Customers can contact the support team by phone at +44 (0) 7123 456 789.
- Social Media: Raze Markets is active on platforms like Instagram and LinkedIn, providing another avenue for support and engagement.
Service Availability
The customer support service operates 24/5, providing assistance to clients during the business week. The support team is equipped to assist a global clientele and offers assistance in multiple languages to cater to diverse needs.
Frequently Asked Questions
Raze Markets is not regulated by any recognized financial authority, which poses inherent risks for traders. Without regulatory oversight, clients may lack protections typically afforded by regulated brokers, such as access to compensation schemes or dispute resolution services. Traders should carefully consider these risks before engaging with Raze Markets.
Raze Markets offers a diverse array of trading instruments across multiple asset categories, including forex (major pairs), commodities (gold, oil), indices (S&P 500, NASDAQ), stocks (US, UK), and cryptocurrencies (BTC, ETH). This extensive range allows traders to tailor their strategies according to their investment preferences and risk profiles.
To withdraw funds from your Raze Markets account, log in to your account, navigate to the withdrawal section, select your preferred withdrawal method, enter the amount you wish to withdraw, confirm your request, and submit. Processing times may vary depending on the method used and external factors.
Raze Markets does not provide specific fund protection measures due to its lack of regulation. However, they mention the importance of security, indicating that client funds are held in segregated accounts at top-tier banks. Traders should be aware of the risks associated with trading with an unregulated broker.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.