Below is a comprehensive analysis of Raffles Market (https://www.rafflesmarket.com/?lang=zh) based on the requested criteria, including online complaint information, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, potential brand confusion, and website content analysis. The analysis draws on available web data and critical evaluation to provide an objective assessment.

1. Online Complaint Information ¶

Complaints and Reviews:
Scamadviser: Rafflesmarket.com received a low trust score from Scamadviser, indicating potential scam risks based on factors like server location, reviews, and public data. The site has been flagged as potentially fraudulent, though manual verification is recommended.
Trustpilot: Limited reviews (3 total) with a mixed TrustScore. One user praised the trading environment and claimed successful withdrawals, while another criticized the platform for restrictive policies and potential scam behavior, such as delaying or denying withdrawals.
WikiFX: Multiple user complaints about withdrawal issues, with reported delays or outright refusals to process withdrawals (e.g., $6,024.25 and $1,900 USD not paid after 10 days). The WikiFX score is reduced due to excessive complaints, labeling Raffles Market as high-risk.
Other Sources: Sites like scamrecovery.net, scamcomplaintregistry.com, alertscam.com, and reportscam.net consistently flag Raffles Market as a potential scam, citing issues like non-delivery of funds, aggressive sales tactics, and lack of transparency.
Key Complaint Themes:
Inability to withdraw funds, with delays or additional fees demanded.
Aggressive marketing or pressure to deposit more funds.
Lack of transparency about operations and ownership.
Allegations of being a clone or fraudulent broker mimicking legitimate firms.

2. Risk Level Assessment ¶

High-Risk Indicators:
Lack of Regulation: Raffles Market is not regulated by major authorities like the FCA (UK), ASIC (Australia), or CySEC (Cyprus). It claims registration with St. Vincent and the Grenadines Financial Services Authority (FSA) and FINTRAC (Canada), but these are not robust regulatory bodies for forex/CFD brokers. The U.S. NFA registration (ID: 0531943) is questionable, as the NFA does not regulate offshore brokers like Raffles Market.
Offshore Location: Registered in St. Vincent and the Grenadines, a jurisdiction known for lax oversight and hosting scam brokers.
User Complaints: Significant complaints about fund withdrawal issues and poor customer service increase the risk profile.
Non-Functional Website: Reports indicate the official website is often non-functional, limiting access to critical information and raising transparency concerns.
Risk Level: High. The combination of unregulated status, offshore registration, frequent complaints, and website issues suggests a significant risk of financial loss or fraud.

3. Website Security Tools ¶

SSL/TLS Certificate:
The website uses an SSL certificate issued by Let’s Encrypt, valid from July 2, 2020, to September 30, 2020, according to historical data. No current SSL status is available, but an expired or misconfigured certificate would be a security concern.
Let’s Encrypt is a free, basic certificate provider, which is less robust than premium certificates used by reputable financial institutions.
Security Practices:
No evidence of advanced security measures like two-factor authentication (2FA) or encryption for user data beyond basic SSL.
Scamadviser notes that the website may block content analysis, potentially hiding malicious scripts or vulnerabilities.
Security Rating: Low to Moderate. The use of a basic SSL certificate is standard but insufficient for a financial platform. Lack of transparency about additional security measures is concerning.

4. WHOIS Lookup ¶

Domain Information:
Domain Name: rafflesmarket.com
Registrar: NameCheap, Inc.
Registration Date: May 11, 2020
Expiry Date: May 11, 2021 (historical data; current status unknown)
Updated Date: July 25, 2020
Name Servers: dns1.registrar-servers.com, dns2.registrar-servers.com
DNSSEC: Signed delegation
Registrant Details: Hidden due to privacy settings, which is common but reduces transparency.
Analysis:
The domain is relatively young (registered in 2020), which is a potential red flag for financial platforms, as legitimate brokers typically have longer-established domains.
Registration through NameCheap is standard but often used by low-budget or fraudulent sites due to its affordability.
Hidden WHOIS data obscures ownership, making it harder to verify legitimacy.

5. IP and Hosting Analysis ¶

IP Address: 34.80.190.141
Hosting Provider: Wix.com, a platform typically used for small businesses or personal websites, not high-security financial platforms.
Server Location: Likely in a Google Cloud region (based on IP), possibly Taiwan or the U.S., but exact location is unclear.
Shared Hosting: The IP is associated with Wix’s infrastructure, meaning the site shares hosting with other Wix-hosted sites, increasing vulnerability to attacks if neighboring sites are compromised.
Analysis:
Using Wix for a financial trading platform is highly unusual, as reputable brokers invest in dedicated, secure hosting with robust infrastructure.
The IP and hosting setup suggest a low-budget operation, inconsistent with the needs of a legitimate forex/CFD broker.

Platforms:
Facebook: Raffles Market has a presence at https://www.facebook.com/rafflesmarket/. Activity level is unclear, but the page exists.
YouTube: A channel exists (https://www.youtube.com/channel/UCcCwx-55RxWyk8jd2L6ouOg), but no details on content or engagement.
Other Platforms: No mention of Twitter, Instagram, or LinkedIn presence, limiting Laura to X posts suggest limited social media engagement.
Analysis:
Limited social media presence is a red flag for a broker claiming global operations in 19 countries. Legitimate brokers typically maintain active, professional social media accounts to engage clients.
The authenticity of social media accounts cannot be verified, and they may be used to promote fraudulent ads, as noted by scam warnings.

7. Red Flags and Potential Risk Indicators ¶

Unregulated Status: Claims of regulation by St. Vincent and the Grenadines FSA and FINTRAC are misleading, as these are not credible for forex brokers.
Offshore Registration: St. Vincent and the Grenadines is a high-risk jurisdiction for scams.
Non-Functional Website: Limits transparency and access to critical information.
Withdrawal Issues: Multiple complaints about delayed or denied withdrawals.
Aggressive Marketing: Reports of pushy tactics to encourage deposits.
Clone Broker Allegations: Suspected of mimicking legitimate firms to defraud users.
Hidden Ownership: Lack of transparency about company leadership and operations.
Too-Good-to-Be-True Claims: Promises of high returns or easy profits, common in scams.

8. Website Content Analysis ¶

Content Overview:
Claims to offer trading in forex, CFDs, stocks, indices, cryptocurrencies, and commodities via MetaTrader 4.
Highlights a demo account, instant deposits, and multiple withdrawal methods.
Mentions serving traders globally since 2020 with “integrity and reliability.”
Issues:
Vague Claims: Statements about “highest ethical standards” and global reach lack verifiable evidence.
Non-Functional Site: Limits ability to analyze content fully, a major red flag.
Language Option: The Chinese language option (?lang=zh) may target specific demographics, potentially exploiting trust in non-English-speaking markets.

9. Regulatory Status ¶

Claimed Registrations:
St. Vincent and the Grenadines FSA: Not a regulatory body for forex brokers; merely a business registration.
FINTRAC (Canada): Relates to anti-money laundering compliance, not broker regulation.
NFA (USA): ID 0531943 is dubious, as the NFA does not regulate offshore entities like Raffles Market.
Actual Status: Unregulated. No oversight by credible authorities (e.g., FCA, ASIC, CySEC), posing significant risks to funds.

10. User Precautions ¶

To protect yourself when considering Raffles Market:

Verify Regulation: Confirm regulation with reputable authorities via their official websites (e.g., FCA, ASIC).
Research Reviews: Check multiple sources like Trustpilot, WikiFX, and scam advisory sites.
Test Withdrawals: Start with a small deposit and attempt to withdraw to verify reliability.
Avoid Pressure: Be wary of aggressive sales tactics or promises of high returns.
Use Chargeback: If scammed, contact your bank or credit card provider for a chargeback.
Report Scams: Notify local authorities and platforms like MyChargeBack or ReportScam.
Check WHOIS: Verify domain age and ownership for transparency.

11. Potential Brand Confusion ¶

Raffles Medical Group: Raffles Market may be confused with Raffles Medical Group (www.rafflesmedicalgroup.com), a legitimate Singapore-based healthcare provider. Raffles Medical Group issued a fraud advisory warning about fake websites impersonating their brand.
Raffall: A legitimate raffle platform (www.raffall.com) could be mistaken for Raffles Market due to similar naming. Raffall is well-regulated and trusted, unlike Raffles Market.
Analysis: The similar naming (Raffles) may be intentional to exploit trust in established brands, a common scam tactic.

12. Conclusion ¶

Raffles Market (https://www.rafflesmarket.com/?lang=zh) exhibits numerous red flags, including lack of credible regulation, offshore registration, frequent withdrawal complaints, non-functional website, and potential brand confusion. The risk level is high, and users should exercise extreme caution. It is likely an unregulated scam broker, and engagement could result in financial loss. Recommendations:

Avoid depositing funds with Raffles Market.
Use regulated brokers verified by authorities like the FCA, ASIC, or CySEC.
If already invested, attempt a chargeback and report to authorities or recovery services like MyChargeBack.
Conduct thorough due diligence for any broker, prioritizing transparency and regulation. For further assistance, contact Raffles Market’s support (+442033180439, support@rafflesmarket.com) with caution, or seek help from scam recovery services.

Note: This analysis is based on available data as of April 24, 2025, and reflects critical evaluation of sources. Always perform your own research before engaging with any financial platform. If you believe any information should be forgotten or edited, you can manage chat history by clicking the book icon beneath the relevant message and selecting the chat to forget, or disable memory in the “Data Controls” section of settings.

AI risk analysis - Raffles Market (2025-04-29 17:35:35)