RazerMarkets

Note: Razer Markets' official website: https://www.razermarkets.com/ is currently inaccessible normally.

Razer Markets Information

Razer Markets is an unregulated broker, offering trading on forex, commodities, stocks, indices and cryptocurrencies with leverage up to 1:500 and fixed spread at 1 pip on the web-based trading platform. The minimum deposit requirement is €500.

Pros and Cons

Is Razer Markets Legit?

No. It is registered in the Marshall Islands, which is filled with scammers and shady companies. It is blacklisted as a Scam by FCA, CONSOB, and CMVM. It does not offer guaranteed funds or segregated accounts.

What Can I Trade on Razer Markets?

Account Type

Here are four account types Razer Markets offers:

Leverage

Razer Markets offers flexible leverage options, varying by account type.

Razer Markets Fees

Razer Markets Spreads

The spread is fixed at 1 pip.

Non-Trading Fees

The dormant fee is higher than ordinary brokers. A dormant account will be subject to 10% monthly deduction after 6 months of inactivity, which is an unfair clause.

Trading Platform

Deposit and Withdrawal

Razer Markets accepts payments via credit cards and wire transfers. No minimum withdrawal amount defined and no fees or charges specified.