RAWFOREX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-31 18:28

Abstract：Raw Forex is a broker that provides institutional, high net worth, and retail customers with multi-asset and multi-market derivative dealing capability through Foreign Exchange and CFD products. The trading instruments include currency pairs, crude oil, forex, metals, indices, and crypto. The broker also provides four accounts with a maximum leverage of 1:500. The minimum spread is from 0 pip and the minimum deposit is $0. Raw Forex is still risky due to its unregulated status.

Raw ForexReview Summary
Founded	2015-11-11
Registered Country/Region	Poland
Regulation	Unregulated
Market Instruments	Currency pairs/Crude oil/Forex/Metals/CFDs/Indices/Crypto
Demo Account	✅
Leverage	Up to 1:500
Spread	As low as 0 pip
Trading Platform	MT4(Mobile/Web/Windows/MacOS)
Min Deposit	$0
Customer Support	Email: Info@rawforex.com
	Phone: +96171805080
	Phone: +905387296031

Raw Forex Information

　　Raw Forex is a brokerthat provides institutional, high net worth, and retail customers with multi-asset and multi-market derivative dealing capability through Foreign Exchange and CFD products. The trading instruments include currency pairs, crude oil, forex, metals, indices, and crypto. The broker also provides four accounts with a maximum leverage of 1:500. The minimum spread is from 0 pip and the minimum deposit is $0. Raw Forex is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Unregulated
24/7 customer support	Unspecific transfer time and fee information
MT4 available	Unclear swap fee
Spread as low as 0 pip
Demo account available
Various tradable instruments

Is Raw Forex Legit?

　　Raw Forex is not regulated, making it less safe than regulated brokers.

What Can I Trade on Raw Forex?

　　Raw Forex offers a wide range of market instruments, including 62 currency pairs, crude oil, forex, metals, CFDs, indices, and crypto.

Tradable Instruments	Supported
Forex	✔
Metals	✔
CFDS	✔
Indices	✔
Crypto	✔
Currency pairs	✔
Crude Oil	✔
Shares	❌
Commodities	❌
Stocks	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　Raw Forex has four real account types: micro, classic, raw, and VIP. Traders who want a low spread can choose a raw account, while those with a sufficient budget can open a VIP account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Muslim users are allowed to open Islamic accounts.

Account Type	Micro	Classic	Raw	VIP
Min Deposit	$100	$1000	$5000	$10000
Leverage	1:100	1:100	1:100	1:100
Commission	No	No	Yes	No
Spread	2 Pips	1.8 Pips	0.4 Pips	1.2 Pips
Islamic Account	Yes	Yes	Yes	Yes
Min Trade Volume	0.01	0.01	0.01	0.01

Raw Forex Fees

　　The spread is as low as 0 pip. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

　　Raw Forex cooperates with the authoritative MT4 trading platform, which is available on Mobile, Web, Windows, and MacOS. Junior traders prefer MT4 over MT5, as both provide various trading strategies and implement EA systems.

Trading Platform	Supported	Available Device	Suitable for
MT4	✔	Mobile/Web/Windows/MacOS	Junior traders

Deposit and Withdrawal

　　The minimum deposit is $0. Raw Forex accepts Neteller, MasterCard, Maestro, Wire transfer, Visa, and Skrill for deposit and withdrawal. However, transfer processing times and associated fees are unknown.