RaiseFX

RaiseFX Information

RaiseFX is a broker with 25 years of experience. RaiseFX specializes in various opportunities across 5 financial markets including forex, indices, crypto, stocks, and commodities. The broker also provides demo accounts, up to 500/1 max. Leverage, and 24/7 available support. Traders can also access MT5 to trade.

Pros and Cons

Is RaiseFX Legit?

RaiseFX is operated by Raise Global SA (Pty) LTD, Company Number: 2018/616118/07. Raise Global SA (Pty) LTD is an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50506. However, RaiseFX is not regulated, and the 'General Registration' current status of FSCA is less safe than a regulated one.

What Can I Trade on RaiseFX?

RaiseFX offers 500 assets and 5+ classes of assets, including forex, indices, crypto, stocks, and commodities.

Account Type

RaiseFX provides traders with real accounts and demo accounts used to familiarize traders with the trading platform and for educational purposes only. Muslims are allowed to open Islamic accounts without swaps.

RaiseFX Fees

Spreads(EURUSD) approach 0, commissions are 0, and swaps are as low as 0. The lower the spread, the faster the liquidity.

Leverage

RaiseFX offers 1:20-1:500 leverage, depending on the asset options, 500x leverage is available for Forex and Commodity trading.

Trading Platform

Traders can conduct financial activities in MT5 available on PC, MacOS & Linux, Mobile, and Tablet through RaiseFX. MT5 provides various trading strategies and implements EA systems. The platform is more suitable for experienced traders.

Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).

Deposit and Withdrawal

The first deposit amount must be 200€ or above. RaiseFX accepts Credit Cards (VISA and MasterCard), Wire Transfer, Cryptocurrencies(Bitcoin, Ethereum, Tether), Apple Pay, Google Pay (G Pay), OZOW and SwiffyEft for deposits. The deposit and withdrawal processing time is within 3 days. Except for WIRE transfer, most other deposit methods are processed instantly.