Score

1.98 /10
Danger

Raw Forex

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

D

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.15

Risk Management Index0.00

Software Index7.02

License Index0.00

Open Account
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

Raw Forex

Company Abbreviation

Raw Forex

Platform registered country and region

Poland

Company website

Twitter

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Raw Forex · Company summary
Raw Forex Basic Information
Company Name Raw Forex
Founded 2008
Headquarters Poland
Regulations Not regulated
Tradable Assets Forex, Metals, Cryptocurrencies, Indices
Account Types Micro account, Classic account, Raw account, VIP account
Minimum Deposit Not specified
Maximum Leverage Up to 1:500
Spreads As low as 0 pips
Commission Zero fees on deposits
Deposit Methods Wire transfer, Visa, Skrill, Neteller, MasterCard, Maestro card
Trading Platforms MetaTrader 4, Raw Cryptocurrency Trading Platform
Customer Support Phone: +96171805080, +905387296031; Email: Info@rawforex.com
Education Resources Charts, Economic Calendar
Bonus Offerings None

Overview of Raw Forex

Raw Forex, established in 2008 and headquartered in Poland, is an online trading platform offering a wide array of tradable assets including Forex, Metals, Cryptocurrencies, and Indices. With account types ranging from Micro to VIP, Raw Forex caters to traders of all experience levels. Leveraging a maximum leverage of up to 1:500 and competitive spreads as low as 0 pips, Raw Forex provides traders with optimal trading conditions. Despite operating without regulation, the platform ensures zero fees on deposits, enhancing its appeal to traders. Supported by robust trading platforms such as MetaTrader 4 and the Raw Cryptocurrency Trading Platform, Raw Forex empowers traders with powerful tools and resources to navigate the financial markets successfully. Additionally, the platform offers educational resources including charts and an economic calendar to facilitate informed trading decisions.

Overview of Raw Forex

Is Raw Forex Legit?

Raw Forex operates without regulation, indicating a lack of oversight from recognized financial regulatory authorities. Traders should proceed with caution when contemplating trading with an unregulated broker like Raw Forex, as this could entail limited options for dispute resolution, potential safety and security risks concerning funds, and a lack of transparency in the broker's operations. To ensure a safer and more secure trading experience, traders are advised to conduct thorough research and carefully consider a broker's regulatory status before engaging in trading activities.

Is Raw Forex Legit?

Pros and Cons

Raw Forex provides a diverse range of tradable assets and multiple account types, enhancing trading flexibility. While its user-friendly platforms like MetaTrader 4 offer seamless trading, the lack of regulation and limited customer support channels are notable drawbacks. Additionally, the absence of bonus offerings may affect the platform's competitiveness.

Pros Cons
  • Diverse range of tradable assets
  • Lack of Regulation
  • Multiple account types
  • Limited Customer Support Channels
  • User-friendly trading platforms like MetaTrader 4
  • Absence of Bonus Offerings

Trading Instruments

Raw Forex offers a variety of trading instruments including Forex currency pairs, Metals, CFDs (Contracts for Difference), Indices, and Cryptocurrencies, providing traders with diverse options for investment.

Trading Instruments

Here is a comparison table of trading instruments offered by different brokers:

Broker Forex Metals Crypto CFD Indexes Stocks ETFs
Raw Forex Yes Yes Yes Yes Yes No No
AMarkets Yes Yes No Yes Yes Yes No
Tickmill Yes Yes Yes Yes Yes Yes No
EXNESS Group Yes Yes Yes Yes Yes Yes No

Account Types

Raw Forex provides traders with multiple account types to cater to different trading preferences and experience levels. These include Micro(minimum deposit from $100), Classic (minimum deposit from $1,000), Raw (minimum deposit from $5,000), and VIP accounts (minimum deposit from $10,000), each offering varying features and trading conditions tailored to meet the needs of traders at different stages of their trading journey.

Account Types

Leverage

Raw Forex offers leverage of up to 1:500, enabling traders to amplify their trading positions and potentially enhance their returns or losses.

Leverage

Here is a comparison table of maximum leverage offered by different brokers:

Broker Raw Forex Libertex XM RoboForex
Maximum Leverage 1:500 1:30 1:888 1:2000

Spreads and Commissions

Raw Forex offers spreads as low as 0 pips, providing favorable pricing for traders. Additionally, the platform imposes zero fees on deposits, ensuring cost-effective trading for its clients.

Spreads and Commissions

Deposit & Withdraw Methods

Raw Forex supports various deposit and withdrawal methods to accommodate the diverse needs of its traders. These methods include wire transfer, Visa, Skrill, Neteller, MasterCard, and Maestro card, providing convenient options for funding accounts and withdrawing funds.

Deposit & Withdraw Methods

Trading Platforms

Raw Forex provides clients with two robust trading platforms: MetaTrader 4 (MT4) and the Raw Cryptocurrency Trading Platform. MT4 offers a highly customizable and feature-rich trading experience, while the Raw Cryptocurrency Trading Platform is tailored for cryptocurrency trading on Windows or MacOS devices.

Trading Platforms
Trading Platforms

Customer Support

Raw Forex provides comprehensive customer support to assist traders with their inquiries and concerns. Traders can reach out to the support team via phone at +96171805080 or +905387296031, or through email at Info@rawforex.com. Additionally, the company's physical address is located at Fulya Sehit Niyazisok, 19A, Sisli, Istanbul, Turkey.

Customer Support

Educational Resources

Raw Forex offers valuable educational resources to empower traders. These resources include charts and an economic calendar, providing traders with essential tools and insights to make informed trading decisions.

Educational Resources

Conclusion

In conclusion, Raw Forex presents traders with a diverse range of tradable assets and multiple account types, along with user-friendly trading platforms like MetaTrader 4. However, the platform operates without regulation, which may pose concerns regarding oversight. Additionally, limited customer support channels and the absence of bonus offerings detract from the overall trading experience. Nonetheless, competitive spreads and the absence of fees on deposits contribute positively to Raw Forex's appeal. Traders should weigh these advantages and disadvantages carefully when considering the platform for their trading needs.

FAQs

Q: What tradable assets are available on Raw Forex?

A: Raw Forex offers a variety of assets including Forex, Metals, Cryptocurrencies, and Indices.

Q: Can I open multiple types of trading accounts on Raw Forex?

A: Yes, Raw Forex provides different account types such as Micro, Classic, Raw, and VIP to cater to diverse trading needs.

Q: What is the maximum leverage offered by Raw Forex?

A: Raw Forex offers a maximum leverage of up to 1:500 to amplify trading potential.

Q: Are there any fees on deposits with Raw Forex?

A: No, Raw Forex does not charge any fees on deposits, ensuring traders can fund their accounts without additional costs.

Q: What trading platforms does Raw Forex support?

A: Raw Forex supports industry-leading platforms like MetaTrader 4 and the Raw Cryptocurrency Trading Platform for a seamless trading experience.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

More

User comment

3

Comments

Write a review

Johannes 75203
more than one year
Micro account requiring $100, unfriendly...Despite this, the platform's ease of use keeps me coming back.
Micro account requiring $100, unfriendly...Despite this, the platform's ease of use keeps me coming back.
Translate to English
2024-07-19 18:30
Reply
0
0
Adrien Dubois
more than one year
Dude, I totally get your hesitation about upgrading from a Micro account to Classic. It's a big jump. Those Micro account spreads are quite wide. But then again, the Classic account wants a cool $1000 minimum deposit, which ain't exactly pocket change. 🙃🙃🙃
Dude, I totally get your hesitation about upgrading from a Micro account to Classic. It's a big jump. Those Micro account spreads are quite wide. But then again, the Classic account wants a cool $1000 minimum deposit, which ain't exactly pocket change. 🙃🙃🙃
Translate to English
2024-06-28 17:48
Reply
0
0
1