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Raynar Trade -

Score

1.34 /10
Danger

Raynar Trade

China

2-5 years

Suspicious Regulatory License

High potential risk

https://rtradem.com/raynar/en/index.php

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.67

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Raynar Trade

Company Abbreviation

Raynar Trade

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-09-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Raynar Trade · Company summary
Aspect Information
Company Name Raynar Trade
Registered Country/Area China
Founded Year 1-2 years
Regulation Not Regulated
Account Types N/A
Demo Account N/A
Customer Support N/A

What is Orient？

Raynar Trade is an online forex trading platform. However, there's limited information available and a review site raises concerns about its legitimacy, mentioning withdrawal issues. Meanwhile, the official website of Orient, http://www.dfzb8.com, is currently encountering functionality problems.

What is Orient?

Pros & Cons

Pros Cons
N/A Fraudulent Activity
Unregulated
No customer support

Pros:

N/A

Cons:

  • Fraudulent Activity: Reviews raise serious concerns about Raynar Trade's practices. Clients have reported difficulty withdrawing funds, with the company allegedly demanding an additional 20% before releasing them. This behavior is a hallmark of fraudulent schemes and undermines trust in the financial system.

  • Unregulated Platform: Raynar Trade reportedly lacks regulatory oversight. Financial regulators exist to protect consumers and ensure fair practices. Without this oversight, traders have limited recourse if they encounter problems.

  • No Transparency on Customer Support: There is no information available regarding Raynar Trade's customer support options. Having reliable and accessible customer support is crucial for any financial platform.

  • Exposure

  • Raynar's scheme to extort clients by demanding an additional 20% in exchange for releasing their funds during withdrawals is a clear case of fraudulent behavior. Such actions undermine the integrity of international trade and financial transactions.

  • Moreover, the limited ability to provide proof of refusal to allow withdrawals further exacerbates the issue, as it hampers efforts to hold perpetrators accountable.

  • Exposure

Conclusion

While Raynar Trade offers the potential to trade forex online, there are significant disadvantages that outweigh any possible benefits. The platform is unregulated, which means there's no guarantee of fair practices or protection for your funds. Even more concerning are reports of withdrawal issues. With no clear advantages and potentially fraudulent activity, it's best to avoid Raynar Trade altogether.

Frequently Asked Questions (FAQs)

      Q: Is Raynar Trade a legitimate forex trading platform？

      A: There are reasons for caution regarding Raynar Trade's legitimacy. Reviews suggest withdrawal difficulties, and the platform reportedly lacks regulation.

      Q: What are the potential risks of using Raynar Trade？

      A: The biggest concerns involve potential fraud and a lack of consumer protection.

User Reviews

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User comment

5

Comments

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Good lucky
more than one year
They insisted on deducting a hefty 20% release fee, which felt like an unexpected and unfair hit to my funds. It's disappointing to encounter such practices on a trading platform, making me question the fairness of their services.
They insisted on deducting a hefty 20% release fee, which felt like an unexpected and unfair hit to my funds. It's disappointing to encounter such practices on a trading platform, making me question the fairness of their services.
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2024-01-19 12:02
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Lisa2353
more than one year
It's totally SCAM. Stay away from this broker, If you are convinced by someone you don't know to invest in gold market, They can't be trust. All profit is fake and program is set up. Don't believe anyone who want you to top up money in the wallet, That's how they get money from you and you will never get your money back. They will use an stupid excuse but they are trying to extort you to give them more If you do they won't give you money back. Please don't be thier victims like me.
It's totally SCAM. Stay away from this broker, If you are convinced by someone you don't know to invest in gold market, They can't be trust. All profit is fake and program is set up. Don't believe anyone who want you to top up money in the wallet, That's how they get money from you and you will never get your money back. They will use an stupid excuse but they are trying to extort you to give them more If you do they won't give you money back. Please don't be thier victims like me.
Translate to English
2023-02-01 22:49
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