The online brokerage company calls itself an industry leader and promises to provide clients with access to global financial instruments. According to the website owners, the firm is based in Saint Lucia and has a representative office in the UAE. Furthermore, the financial services provider is based in South Africa and has an FSCA license, which is not documented.

Can you trust your money to this intermediary without the risk of losing everything? Our Raze Markets review will help you understand how reliable the broker is.

How to Trade

The company promises to provide customers with more than 3,000 online trading tools. You will find 3 options on its official website:

  • MetaTrader 5 with a demo version.
  • MAM – Multi-Account-Manager with multiple accounts.
  • PAMM – the account that unites professional fund managers and clients.

Average spreads are over 0.1 pips and commissions per lot range from $0-4. The brokerage firm offers users swap-free trading, copying professional traders, and cryptocurrency deposits/withdrawals.

Raze Markets reserves the right to discontinue its website without prior notice to clients.

Additional features include educational resources. You can follow the company’s Instagram and LinkedIn accounts via direct links on the site.

Raze Markets Vital Info

The owners of the resource tell more about themselves in their social media accounts. In particular, they say that the team has “more than 40 years of experience in brokerage services”. Meanwhile, there is no information about the history of the project on the company’s official website. As for the domain, it was created in November 2023. That is, the platform has been operating for less than a year and its managers are misleading social network users about the service life.

We decided to check the legal aspects of the broker’s activities and found that Raze Global Markets Ltd is listed in the registry of Saint Lucia, but detailed information is not available. We were also able to find Raze Markets South Africa (Pty) Ltd on the FSCA register. It was authorized in December 2023 and has the same physical address as listed on the broker’s website, but there is no other evidence of connection between them.

FAQ

What are the key facts about Raze Markets?

During the investigation, we seemed to be able to find the declared legal entities in the registries of St. Lucia and South Africa. The catch is that, for inexplicable reasons, all the broker's legal documents mention a certain website milliyfxmarkets.com and the company MilliyFX Global Ltd. So what are we really up against?

What's the risk to my wallet when working with this broker?

Even if the project renamed and got rid of the MilliyFX brand, which was probably compromised, this still does not guarantee its security. The leverage of 1:500 clearly signals a high probability of losing all invested funds and the lack of regulation by strict financial authorities. Finally, the company obviosly appeared no earlier than the end of 2023, which indicates a low reputation.

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