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Former AvaTrade France head David Bottin launches offshore FX broker RaiseFX

RaiseFX | 2022-10-12 17:55

Abstract:David Bottin, former Managing Director at AvaTrade and head of AvaTrade France, has launched a new offshore Retail FX and CFD broker brand called RaiseFX, at website raisefx.com.

RaiseFX-978x400.jpg

David Bottin, former Managing Director at AvaTrade and head of AvaTrade France, has launched a new offshore Retail FX and CFD broker brand called RaiseFX, at website raisefx.com.

The raisefx.com website is technically being operated by a company called RaiseGroup LLP, which is registered in Kazakhstan. However we understand that the operation is being physically run from Paris, where Mr. Bottin resides.

David Bottin was Managing Director of AvaTrade France from 2017-2019. Over the past three years he co-ran a now defunct copy trading outfit called WolvesONMARKET. Prior to joining AvaTrade he worked at GKFX, XTB, and FXCM (at FXCMs then-France partner firm ProfesseurForex.com), in various market research and CFD sales roles.

RaiseFX is offering trading on the MT4 platform, with a limited number of FX pairs, indices, commodities and cryptos. The broker seems to be targeting mainly French-speaking traders.

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Related broker

Regulated
RaiseFX
Company name:RAISE GLOBAL SA (PTY) LTD
Score
2.24
Website:https://raisefx.com
2-5 years | Regulated in South Africa | Derivatives Trading License (EP) | MT5 Full License
Score
2.24

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You want to know about Dbinvesting regulation because you need to understand if your capital is protected. This is the most important question any trader should ask before depositing into any broker account. The answer isn't just yes or no - it's more complicated than that. Here's what we found: Dbinvesting is regulated by the Seychelles Financial Services Authority (FSA). But this is offshore regulation, which means much weaker protection for traders compared to licenses from places such as the UK or Australia. Even though it is technically "regulated," independent rating sites give it very low trust scores. Many users have complained about not being able to withdraw money and having their profits taken away. There are also serious warning signs about risks. This article will explain all the evidence so you can understand what risks you might face.

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