# Analysis of Raze Global Markets Ltd
This analysis evaluates Raze Global Markets Ltd, a brokerage operating under the website https://www.razemarkets.com/, based on online complaints, risk level, website security, WHOIS data, IP and hosting, social media presence, red flags, regulatory status, user precautions, and potential brand confusion.
## 1. Overview of Raze Global Markets Ltd

Raze Global Markets Ltd is an online brokerage offering trading in forex, stocks, cryptocurrencies, commodities, and indices. It claims to provide institutional-grade trading with a minimum deposit of $50 and leverage up to 1:1000. The company is registered in Saint Lucia (registration number 2023-00261) with a physical address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. It also claims authorization in South Africa via Raze Markets South Africa (Pty) Ltd under the Financial Sector Conduct Authority (FSCA) with FSP license number 53229. ## 2. Online Complaint Information

Sources: Trustpilot, BrokersView, WikiFX, Myfxbook, TraderKnows ¶

• Positive Feedback: Some users praise Raze Markets for its intuitive platform, low spreads, and responsive customer support, particularly mentioning staff like Joey van Engelenburg. Reviews highlight fast execution, a variety of deposit/withdrawal options, and a user-friendly interface.
• Negative Feedback:
• Withdrawal Issues: Multiple complaints report delays or refusals in processing withdrawals. Users mention waiting weeks for funds (e.g., $13.2k withdrawal pending since March 27, 2025) with no response from support. Some claim accounts were flagged for “suspicious trading” without clear justification, delaying payouts.
• Poor Customer Support: Several reviews describe unresponsive support, with unanswered emails, long wait times on live chat (30+ minutes), and unreturned calls. Tickets remain unresolved for weeks.
• Fund Disappearance: One user reported funds disappearing after transferring from another broker (Forezon Capital), with login issues and no resolution despite multiple inquiries.
• Misleading Practices: Complaints include deductions without notice (e.g., $20 monthly fees) and unfulfilled bonus promises (e.g., $150 profit withdrawn without payment).
• Trustpilot Rating: Raze Markets has a 4-star rating based on ~200 reviews, but negative reviews highlight serious concerns about reliability. Risk Indicator: High. Persistent withdrawal delays and unresponsive support are significant red flags, suggesting potential issues with fund security and operational transparency.

  3. Risk Level Assessment

• High Leverage: Offering leverage up to 1:1000 is unusually high and exceeds limits set by reputable regulators (e.g., FCA, ASIC cap at 1:30). High leverage increases the risk of significant losses, especially for inexperienced traders.
• Offshore Registration: Saint Lucia is an offshore jurisdiction with limited regulatory oversight for forex trading. The Financial Services Regulatory Authority (FSRA) does not license forex brokers, reducing investor protections.
• Unverified FSCA License: Raze claims regulation by South Africa’s FSCA (FSP 53229), but the license corresponds to QUANT X (PTY) LTD, not Raze Markets South Africa (Pty) Ltd, indicating possible false advertising.
• Short Operational History: The domain was registered on November 2, 2023, and the company has been active for less than two years, limiting its track record and reputation. Risk Level: Very High. The combination of high leverage, offshore registration, questionable regulatory claims, and a short operational history suggests substantial risk for investors.

  4. Website Security Tools

• SSL/TLS Encryption: The website uses HTTPS with a valid SSL certificate (Let’s Encrypt), ensuring encrypted data transmission.
• Security Headers: Analysis via tools like SecurityHeaders.com reveals missing headers like Content-Security-Policy (CSP) and X-Frame-Options, which could expose the site to cross-site scripting (XSS) or clickjacking attacks.
• Firewall Protection: No evidence of a Web Application Firewall (WAF) like Cloudflare or Sucuri, which are common among reputable financial platforms.
• Login Security: The site offers two-factor authentication (2FA), but there’s no mention of advanced measures like IP whitelisting or biometric verification. Risk Indicator: Moderate. Basic encryption is in place, but the absence of advanced security headers and WAF suggests vulnerabilities, especially for a financial platform handling sensitive data.

  5. WHOIS Lookup

• Domain: https://www.razemarkets.com/
• Registrar: NameCheap, Inc.
• Registration Date: November 2, 2023
• Registrant: Redacted for privacy, a common practice but reduces transparency.
• Name Servers: Cloudflare (jim.ns.cloudflare.com, lara.ns.cloudflare.com), indicating basic DNS protection. Risk Indicator: Moderate. The recent domain registration aligns with the company’s claimed founding in 2023, but redacted WHOIS data limits transparency, which is concerning for a financial service provider.

  6. IP and Hosting Analysis

• IP Address: Hosted on Cloudflare, a reputable CDN provider, with an IP resolving to a U.S.-based server.
• Hosting Provider: Cloudflare, Inc., offering DDoS protection and performance optimization.
• Server Location: Likely U.S., though Cloudflare’s global CDN obscures exact location.
• Shared Hosting Concerns: No evidence of shared hosting, which reduces risks of cross-site contamination. Risk Indicator: Low. Cloudflare hosting is robust, but the lack of transparency about server specifics is a minor concern for a financial platform.

  7. Social Media Presence

• Facebook: Raze Markets Global has a page with 9 likes and minimal engagement. Posts promote trading opportunities but lack detailed company updates.
• LinkedIn: Claims of “40 years of experience” were flagged as misleading, given the company’s 2023 founding.
• Instagram: Active since December 2023, with promotional content but low follower count and engagement.
• Other Platforms: No significant presence on Twitter/X, YouTube, or Reddit, limiting public visibility. Risk Indicator: High. Limited social media presence and misleading claims (e.g., exaggerated experience) raise concerns about credibility and marketing transparency.

  8. Red Flags and Potential Risk Indicators

• Regulatory Discrepancies: The FSCA license mismatch (QUANT X vs. Raze Markets) and lack of forex licensing in Saint Lucia are major red flags.
• Withdrawal Complaints: Consistent reports of delayed or denied withdrawals suggest potential liquidity issues or intentional withholding.
• Misleading Platform Claims: Claims of offering MetaTrader 5 are disputed, with users reporting a basic WebTrader instead, indicating false advertising.
• Fake Contact Details: The phone number (+44 0 7123 456 789) appears fabricated, and some email addresses are reported as unresponsive or fake.
• Short Operational Period: Less than two years of operation limits trust and increases the risk of instability.
• User Agreement Discrepancy: The user agreement references “MilliyFX Global Ltd,” not Raze Markets, suggesting potential brand confusion or rebranding.
• Previous Broker Allegations: Some reviews link Raze Markets to Forezon Capital, a broker accused of scams, though no direct evidence confirms this. Risk Indicator: Very High. Multiple red flags, including regulatory issues, misleading claims, and operational discrepancies, indicate significant risks.

  9. Website Content Analysis

• Claims: The site promotes “institutional-grade trading,” low spreads (from 0.0 pips), and a wide range of instruments (1,000+ CFDs). It emphasizes partnerships with top-tier banks and in-house liquidity.
• Transparency: Limited details about management, ownership, or operational history. The “40 years of experience” claim is inconsistent with the 2023 founding.
• Risk Warnings: The site includes standard risk warnings about forex trading and high leverage, which is a legal requirement but doesn’t offset other concerns.
• Content Quality: The site is concise and functional, avoiding excessive filler, but lacks depth in educational resources or company background. Risk Indicator: Moderate. The website is professional but lacks transparency about key details, and some claims are inconsistent with external findings.

  10. Regulatory Status

• Saint Lucia: Raze Global Markets Ltd is registered with the Saint Lucia IFC (2023-00261), but the IFC does not regulate forex trading. The FSRA’s Money Services Registry shows no entry for Raze, contradicting claims of oversight.
• South Africa: The claimed FSCA license (FSP 53229) is invalid, as it belongs to QUANT X (PTY) LTD. This suggests false regulatory claims.
• Other Jurisdictions: No evidence of regulation by reputable authorities like FCA, ASIC, or CySEC. The broker restricts services in jurisdictions like the U.S., Singapore, and sanctioned countries, likely to avoid scrutiny. Risk Indicator: Very High. Lack of credible regulation and false FSCA claims leave investors unprotected.

  11. User Precautions

To mitigate risks when considering Raze Markets:

• Verify Regulation: Independently check regulatory claims using official registries (e.g., FSCA, FSRA). Avoid brokers without verifiable licenses from reputable authorities.
• Start Small: If trading, begin with the minimum deposit ($50) to test withdrawal processes before committing larger sums.
• Use Demo Account: Practice with the demo account to assess platform functionality without financial risk.
• Document Interactions: Keep records of all communications, transactions, and tickets, especially for withdrawals, to support potential legal action.
• Avoid High Leverage: Limit leverage to manageable levels (e.g., 1:10 or 1:20) to reduce the risk of significant losses.
• Research Extensively: Cross-reference reviews on Trustpilot, BrokersView, and WikiFX, focusing on withdrawal experiences and support responsiveness.
• Secure Accounts: Enable 2FA and use strong, unique passwords to protect your account from unauthorized access.

  12. Potential Brand Confusion

• Razer Markets: A 2021 review warned about “Razer Markets,” an unrelated scam broker owned by RAZERMARKETS LTD in the Marshall Islands. The similar name could confuse users, though no direct link exists.
• MilliyFX Global Ltd: The user agreement’s reference to MilliyFX suggests possible rebranding or operational overlap, which could mislead users about the broker’s identity.
• Raze Fintech (raze.finance): An unrelated tokenization platform shares the “Raze” name, potentially causing confusion among investors researching financial services.
• Forezon Capital: Allegations linking Raze to Forezon Capital, a broker accused of scams, may create distrust, though unverified. Risk Indicator: Moderate. Name similarities and unclear branding could mislead users, but no confirmed connections to other entities exist.

  13. Conclusion

Raze Global Markets Ltd presents significant risks due to its lack of credible regulation, persistent withdrawal issues, misleading claims, and short operational history. While some users report positive experiences with the platform and support, the prevalence of negative reviews, particularly around fund access, suggests caution. The absence of verifiable FSCA licensing, offshore registration, and questionable transparency further elevate the risk profile. Recommendation: Avoid trading with Raze Markets until it establishes a verifiable regulatory framework and resolves withdrawal complaints. Opt for brokers regulated by Tier-1 authorities (e.g., FCA, ASIC, CySEC) with proven track records. Risk Summary:

• Overall Risk Level: Very High
• Key Concerns: Unverified regulation, withdrawal delays, misleading claims, limited transparency
• User Action: Proceed with extreme caution, prioritize regulated alternatives, and thoroughly vet any engagement.