RaiseFX Review 2026: Is This Forex Broker Safe?

RaiseFX is a forex broker established in 2021. According to the provided WikiFX data, RaiseFX has a WikiFX Score of 2.24, an Influence Rank of B, and a mixed regulatory profile: one South Africa FSCA record is marked as regulated, while another FSCA-related record is marked unverified. The broker also has three regulatory disclosures from European regulators, including warnings linked to unauthorized activity.

Pros and Cons of RaiseFX

• ✅ Regulated status appears under one South Africa FSCA license record for RAISE GLOBAL SA (PTY) LTD.
• ✅ MT5 is listed as the brokers trading platform.
• ✅ Multiple funding methods are listed, including card, wire transfer, and digital payment options.
• ❌ WikiFX Score is low at 2.24.
• ❌ One FSCA-related license record is marked unverified.
• ❌ Three regulatory disclosures are recorded, including unauthorized warnings.
• ❌ User complaints mention withdrawal deductions, account freezing, balance restrictions, privacy concerns, and penalties.

RaiseFX Regulation and License Safety

RaiseFX presents a complicated regulatory picture. While the broker has a South Africa FSCA license record marked as under regulation, the data also shows another FSCA-related record that is unverified. In addition, regulatory disclosures from CNMV and AMF raise concerns about unauthorized activities and blacklisting references.

South Africa FSCA License: RAISE GLOBAL SA (PTY) LTD

The provided data lists RAISE GLOBAL SA (PTY) LTD under the South Africa Financial Sector Conduct Authority, with license number 50506 and the status marked as regulated. A regulated license can add a layer of oversight, as it indicates the entity is recorded under a financial authority.

However, traders should not assess the broker only from one positive license entry. The broader WikiFX data includes warnings and another unverified license record, so the license status should be reviewed carefully before funding an account.

South Africa FSCA Record: INSELE CAPITAL PARTNERS

Another FSCA-related record is listed under INSELE CAPITAL PARTNERS with license number 50455, but its status is marked unverified. This is a notable safety concern because an unverified regulatory record reduces clarity around authorization, entity linkage, and investor protection.

CNMV Disclosure

The Spain CNMV disclosure states that RaiseFX was not authorized to provide restricted investment services and activities. This disclosure is categorized as unauthorized and tagged as a danger warning in the WikiFX data.

AMF Disclosures

The France AMF information includes a blacklist-related entry for unauthorized companies and websites, as well as a broader warning about unauthorized service providers. These disclosures add meaningful risk to the brokers profile.

Risk Warning

Although one FSCA license entry is marked as regulated, RaiseFX still carries significant risk indicators: a low WikiFX Score, an unverified regulatory record, and multiple regulator disclosures. Traders should treat the broker with caution and verify the latest license status before making any deposit decision.

Real User Feedback and Complaints

User complaints in the provided cases focus mainly on withdrawal issues, frozen accounts, alleged lack of transparency, penalties, and data privacy concerns.

One user reported unexplained deductions during withdrawals. The user said a withdrawal of $44 resulted in only $34 being received, while another withdrawal of $178 resulted in $175 being received. The user claimed the explanation changed after proof was provided regarding the withdrawal network.

Another complaint alleged that an account was frozen due to supposed arbitrage activity, but the user said the broker did not provide sufficient evidence. The same user also alleged privacy breaches, claiming personal and trading information was shared with other brokers, and said a 20% penalty was imposed when the return of the initial deposit was discussed.

Two similar complaints stated that accounts were banned or frozen after accusations of arbitrage. These users also claimed that balances were restricted and that a 20% penalty was applied to withdrawals of initial deposits. One complaint mentioned that more than $3,000 was allegedly removed from two accounts.

Another user reported being banned after an issue related to eligibility, while also claiming that BTC gains and open-position value were inaccessible. A later comment from the same broader complaint set stated that withdrawal of 6,922 euros was guaranteed, but the case still reflects concern around account access and country-related restrictions.

RaiseFX Forex Trading Conditions and Fees

The available data provides limited information on trading costs. No specific spread, commission, minimum deposit, or maximum leverage figures are included in the provided broker profile. This makes it difficult to evaluate the brokers pricing competitiveness from the supplied information alone.

Platforms

RaiseFX is listed as using the MT5 trading platform. The software information describes MT5 as highly customizable, multilingual, and equipped with clear fee reports and good search functionality. Traders can access the markets via the RaiseFX login on MT5, but the provided platform note also states that safer login features such as two-step login and biometric authentication are missing.

Funding Methods

The listed fund transfer methods include OZOW, SwiffyEft, VISA, MASTER, Wire Transfer, Google Pay, BTC, and Apple Pay. However, the user complaints about withdrawal deductions and account restrictions suggest that traders should pay close attention to actual withdrawal handling, fees, and account conditions.

Final Verdict

RaiseFX is not a broker that can be assessed as low-risk based on the provided data. It has one South Africa FSCA license entry marked as regulated and offers MT5, but these positives are outweighed by a low WikiFX Score of 2.24, an unverified FSCA-related record, three regulatory disclosures, and several serious user complaints involving withdrawals, account freezes, penalties, and transparency concerns.

For risk-sensitive traders, the key issue is not only whether RaiseFX has a regulatory record, but whether the specific entity, license status, and service authorization match the traders jurisdiction and account conditions. Based strictly on the supplied WikiFX profile and cases, RaiseFX should be approached with caution.

To stay safe and view the latest regulatory certificates, check RaiseFX on the WikiFX App.