Overview
Raise Forex Claims To Prioritize Reputation And Create A Favorable Trading Environment For Both Novice And Experienced Traders. However, Red Flags Surrounding The Company Have Raised Doubts About Its Legitimacy. The Most Important Concern Is That Raise Forex Is An Unregulated Broker, Leaving Traders Vulnerable To Potential Fraudulent Activity. Furthermore, Their Association With Websites That Offer "automated Trading Software" Further Adds To Their Dubious Reputation.
Another Area Of Concern Is The Withdrawal Process, Which Can Be Challenging For Unregulated Brokers Such As Raise Forex. Traders Should Exercise Caution And Consider Regulated Brokers For A Safer Trading Experience. Leaving Negative Reviews About Raise Forex On Various Platforms Can Help Warn Others And Prevent Potential Scams.
Regulations
Raise Forex Is Not Regulated Or Regulated By Any Financial Regulator.
The Lack Of Regulation Of Raise Forex Raises Serious Concerns About The Safety Of Traders' Funds And Investments. Regulated Brokers Are Required To Follow Strict Guidelines, Conduct Regular Audits, And Maintain Independent Client Accounts To Ensure Transparency And Fair Practices. However, Unregulated Brokers Like Raise Forex Do Not Have To Comply With These Regulatory Requirements, Which Can Expose Traders To Various Risks.
Without Regulatory Oversight, There Is No Outside Body To Hold Raise Forex Accountable For Its Business Conduct. Lack Of Oversight May Increase The Risk Of Fraudulent Activity, Mismanagement Of Client Funds, Or Unethical Behavior By The Company. Traders Who Choose To Invest With An Unregulated Broker Such As Raise Forex Should Be Aware Of These Risks And Take Extreme Care To Protect Their Investments. Many Traders Prefer To Work With A Regulated Broker To Ensure A Higher Level Of Protection And Transparency For Their Trading Activities.
Market Tools
Forex Trading: Be Wary Of The High Volatility And Unpredictability Of The Forex Market. Although Some May Claim To Have Experiential Platforms And Analytical Tools, Forex Trading Can Be Extremely Risky And Can Lead To Significant Losses. The Fast-paced Environment May Not Be Suitable For All Traders, Especially Beginners.
Metals Trading: Be Cautious When Trading Precious Metals As An Investment. Prices Of Metals Such As Gold And Silver Can Be Influenced By A Variety Of Factors, Making It Challenging To Accurately Predict Price Movements. In Addition, The Liquidity Of The Metals Market Can Vary, Leading To Potential Difficulties In Buying And Selling Big Shots.
Cryptocurrency Trading: Take Extra Care When Delving Into The World Of Cryptocurrencies. Although Some May Tout The Benefits Of Advanced Technology And Reliable Assets, The Crypto Market Is Highly Speculative And Is Known For Its Extreme Price Swings. Cryptocurrencies Are Also Vulnerable To Regulatory Changes And Security Bugs, Making Them A Risky Investment Option.
Contracts For Difference (CFDs) Trading: Please Note That CFD Trading Can Have High Leverage That Amplifies Potential Profits And Losses. Volatility In The Market Can Expose Traders To Significant Risk, While The Complexity Of CFDs May Not Be Suitable For Inexperienced Traders. In Addition, It Is Also Important To Understand The Costs Associated With CFD Trading, Such As Spreads And Overnight Fees, Which May Affect Overall Profitability.
Account Types
Raise Forex Offers Three Different Account Types, Designed To Meet The Diverse Needs Of Traders With Different Capital Levels And Risk Appetite.
- Classic Account: Classic Account Is Suitable For Traders With Limited Initial Investment. It Offers Competitive Spreads And High Leverage, Allowing Traders To Amplify Their Positions. However, Due To The Latent Risk Of Such High Leverage, Traders Should Proceed With Caution.
Minimum Deposit: $100
Spreads From 0.9 Pips
Leverage Up To 1:400
$10 Commission Per Trade
Minimum Trade Size: 0.01 Lots
Access To Over 100 Instruments
4x Processing Power
Overnight Interest-free Option Available
- Extreme Account: Premium Accounts Require A Slightly Higher Minimum Deposit Compared To Classic Accounts And Offer Larger Spreads. However, It Does Not Charge Any Commission Per Transaction, Which Is Attractive To Traders Who Prioritize Reducing Transaction Costs.
Minimum Deposit: $250
Spreads From 2.0 Pips
Leverage Up To 1:400
$0 Commission Per Trade
Minimum Trade Size: 0.01 Lots
Access To Over 100 Instruments
4x Processing Power
Overnight Interest-free Option Available
- VIP Account: VIP Account Is Suitable For High Net Worth Individuals Or Experienced Traders With Large Investment Funds. It Offers The Narrowest Spreads Of The Three Accounts, But Offers Lower Leverage To Effectively Manage Risk.
Minimum Deposit: $10,000
Spreads From 0.3 Pips
Leverage Up To 1:200
$6 Commission Per Trade
Minimum Trade Size: 0.01 Lots
Access To More Than 100 Instruments
4x Processing Power
Overnight Interest-free Option Available
Traders Can Choose The Type Of Account That Matches Their Financial Capabilities, Risk Tolerance, And Trading Preferences. It Is Essential For Traders To Conduct Thorough Research, Understand The Risks Associated With Leverage And Implement Effective Risk Management Strategies In Order To Make Informed And Responsible Trading Decisions.
Leverage
Raising Leverage On Forex Up To 1:400 Is A Risky Trading Feature That Allows Traders To Control Positions That Are 400 Times Larger Than Their Actual Capital. With Such High Leverage, Traders Have The Potential To Dramatically Amplify Their Profits. However, It Also Means That Any Losses Incurred Will Be Equally Amplified, Resulting In A Higher Risk Of Losing Their Entire Invested Capital.
What Leverage Does Is Allow A Trader To Borrow Money From A Broker To Open A Larger Position In The Market. This Can Be Attractive As It Offers The Possibility Of Getting A Decent Return On A Relatively Small Initial Investment. However, It Is Important To Understand That The Higher The Leverage, The More Susceptible A Trader Is To Market Fluctuations And Price Fluctuations.
Using Leverage Up To 1:400 Requires A Thorough Knowledge Of Risk Management And A Rigorous Trading Strategy. Novice Traders Or Traders With Limited Experience Should Exercise Caution When Using Such High Leverage As It Requires Precise Market Analysis And A Clear Understanding Of Potential Outcomes.
While The Prospect Of Higher Returns May Be Tempting, Traders Should Be Aware That Trading With High Leverage Can Lead To Significant Losses If Not Managed Properly. Evaluate Individual Risk Tolerance, Set Appropriate Stop-loss Orders, Use Leverage Cautiously And Avoid Excessive Exposure To Market Risk. Traders Are Advised To Seek Professional Advice And Consider Lower Leverage Options, Especially If They Are New To Trading Or Have Limited Risk Appetite.
Spreads And Commissions
According To The Information Provided, Raise Forex Offers Different Spreads And Commissions Depending On The Type Of Trading Account The Trader Chooses.
- Classic Account:
Spread: Spreads Start From 0.9 Pips. This Means That Under Normal Market Conditions, The Difference Between The Buying And Selling Prices Of A Currency Pair Or Other Instrument Can Be As Low As 0.9 Pips.
Commission: Traders Using The Classic Account Pay A Commission Of $10 Per Trade. This Fee Applies In Addition To The Spread And Represents The Cost Of Executing Each Trade.
- Supreme Account:
Spread: Spreads Start From 2.0 Pips For Premium Accounts. Although Slightly Wider Compared To Classic Accounts, Traders Still Benefit From Competitive Pricing During The Trading Process.
Commission: Unlike Classic Accounts, Premium Accounts Do Not Charge Any Commission Per Trade. This Means That Traders Only Pay The Spread As The Cost Of Executing The Trade.
- VIP Accounts:
Spreads: VIP Accounts Offer The Narrowest Spreads, Starting At 0.3 Pips. This Account Type Offers Traders Extremely Competitive Pricing, Reducing The Cost Of Trading.
Commission: Traders Using VIP Accounts Are Charged A Commission Of $6 Per Trade. This Fee Is Incurred On Top Of The Spread, So Traders Must Consider The Spread And Commission When Evaluating Transaction Costs.
It Is Important For Traders To Carefully Consider The Spread And Commission Associated With Each Account Type Before Making A Decision. Account Selection Should Be Consistent With The Trader's Trading Style, Risk Tolerance, And Budget. Additionally, Traders Should Note That Spreads And Commissions May Vary Depending On Market Conditions And The Particular Financial Instrument Being Traded. Proper Risk Management And An Understanding Of Transaction Costs Are Essential For Successful Trading Outcomes.
Deposits And Withdrawals
Deposits
Neteller: Traders Are Forced To Use Neteller To Fund Their Accounts, And The $100 Minimum Deposit Requirement Is Excessive. Despite This, There Are No Deposit Fees, But The So-called "instant" Processing Time May Not Be As Timely As Advertised, Causing Traders To Wait Longer Than Expected To Begin Trading.
Visa: Barely Accepts Deposits Via Visa Card, With A $100 Minimum Requirement. As With Neteller, There Are No Deposit Fees, But The Processing Time Still Claims To Be "instant," Which May Not Always Be True, Resulting In Frustrating Delays In Obtaining Transaction Funds.
Skrill: Skrill Is Another Limited Payment Option That Similarly Requires A Minimum Deposit Of $100. Although Deposits Do Not Incur A Fee, The So-called "instant" Processing Time Is Questionable, Making Traders Wary Of Potential Delays.
MasterCard: Traders Are Grudgingly Allowed To Make Deposits Using MasterCard, But The Minimum Requirement Is Still $100. While There Are No Deposit Fees, The Promised Instant Processing Time May Not Always Be Reliable, Adding To The Uncertainty Of The Trader's Experience.
Bank Telegraphic Transfer: The Bank Telegraphic Transfer Option Is Less Suitable For Deposits, And The $100 Minimum Requirement Is A Considerable Hurdle For Traders With Smaller Capital. While There Are No Deposit Fees, The So-called "instant" Processing Time May Still Be Subject To Delays, Leaving Traders In A Bind.
Withdrawals:
For Withdrawals, The Minimum Amount Allowed Is $100, Which Can Be Frustrating For Traders With Smaller Balances. While There Are No Fees For Withdrawals, The "max 1 Business Day" Processing Time May Still Result In Unnecessary Wait Times, Which Can Cause Inconvenience And Uncertainty.
It Is Important To Be Aware That The So-called "instant" Deposit Processing Time May Not Always Be Accurate, Resulting In Frustrating Delays In Accessing Funds. Traders Should Also Be Cautious About Potential Fees Charged By Their Own Bank Or Payment Provider For Withdrawals. Overall, The Deposit And Withdrawal Options Offered By Raise Forex May Cause Inconvenience And Uncertainty To Traders, Affecting Their Overall Trading Experience.
Trading Platform
MT4 (MetaTrader 4) Is A Versatile And Widely Used Trading Platform That Is Available On A Variety Of Devices, Catering To Traders With Different Preferences And Operating Systems.
MT4 For Android: The Android App Version Of MT4 Enables Traders To Access Real-time Market Insights And Features Directly On Their Android Phones. The Sophisticated Design Of The App Provides The Basic Functionality Of The Desktop Version, Ensuring That Traders Can Monitor Market Conditions And Execute Trades Anytime, Anywhere.
Desktop Version Of MT4: Desktop Version Of MT4 Is A Powerful And Indispensable Platform For Ambitious Traders Who Are Looking For A Solid Technical Infrastructure To Support Their Trading Aspirations. The Desktop Version Offers Fast Order Execution And Basic Tools Such As Graphs And Charts That Efficiently Analyze Market Conditions, Making It Ideal For A Seamless Trading Experience.
MT4 For IOS: For IOS Users, MT4 For IOS Offers Advanced Trading Features That Allow Traders To Execute Various Types Of Trading Orders. The Platform Offers Financial News, Audio Notifications, Trading History And Other Useful Features, Making It A Comprehensive Solution For Traders Using IOS Devices.
Overall, MT4 Is A Highly Regarded Trading Platform That Caters To The Needs Of A Wide Range Of Traders, Providing Them With The Necessary Tools And Features In Order For Them To Make Informed Trading Decisions On Different Devices And Operating Systems.
Customer Support
Customer Support At Raise Forex Has Been An Incredibly Frustrating Experience. They Are Unable To Provide Satisfactory Assistance And Often Give Vague And Unhelpful Responses To Client Inquiries. They Can Even Be Contacted By Phone + 44 7441452277 Or By Email At Support @RaiseForex. Trade, A Prompt Or Effective Resolution Is Not Guaranteed.
The Support Team's Lack Of Professionalism And Understanding Of Client Issues Is Evident In Their Dismissive Attitude. They Seem Uninterested In Solving Problems, Leaving Clients Feeling Neglected And Unimportant. Response Times Are Slow And Clients Often Have To Wait Endlessly For Solutions.
In Conclusion, Raise Forex's Customer Support Is Very Unsatisfactory And Disappointing. Their Inability To Communicate And Resolve Client Issues Effectively Reflects Their Poor Overall Service. Traders Should Be Wary Of The Lackluster Support Provided By Raise Forex When Considering Trading Options.
