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Investigating RaiseFX Broker: A Thorough RaiseFX Review
RaiseFX appears to be a fraudulent broker based on substantial evidence. In this comprehensive RaiseFX review, we conduct a thorough analysis of the Raisefx.com broker, unveiling potential warning signs that may indicate involvement in scam activities. Our RaiseFX review offers valuable insights into areas of concern when navigating transactions with brokers like Raisefx.com, specifically in the realms of Forex scams, cryptocurrency scams, binary scams, romance scams, and other potentially fraudulent activities.
RaiseFX Broker Website – https://www.raisefx.com/
Website Availability – Yes
Location of Headquarters – 114 Oxford road, Rosebank, Gauteng, 2196, South Africa
Ownership Information -Raise Global SA (Pty) LTD
Regulatory Status – Financial Sector Conduct Authority (FSCA)
Blacklisted Status – Autorité des Marchés Financiers (France)
Domain Age –
|September 16, 2019
|4 years, 3 months, 10 days, 17 hours, 25 minutes, 59 seconds
Upon entering the website, a pop-up proudly declares RaiseFX’s regulation under the Financial Supervision Committee of the Ministry of Finance in Kazakhstan. However, scrutiny reveals RaiseGroup LLC, the other owner, is registered in Saint Vincent and the Grenadines. Despite its October 2022 listing on the FSA register, there’s a catch—the FSA doesn’t oversee Forex and CFD brokers. This regulatory gap means brokers like RaiseFX must independently secure licenses in the regions they operate, potentially raising concerns about accountability and investor protection. Users should exercise caution and thoroughly research the regulatory landscape before engaging with RaiseFX or similar platforms.
RaiseFX – A Broker of Concern
Lack of Regulatory Information
One of the most significant concerns regarding scam brokers is the absence of regulatory information. Regulatory bodies such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Swiss Financial Market Supervisory Authority (FINMA), and the Commodity Futures Trading Commission (CFTC) play a crucial role in maintaining transparency and enforcing industry standards.
The lack of such information may raise concerns, prompting individuals to exercise increased vigilance.
Transparency forms the bedrock of trust in financial trades. In the context of a RaiseFX review, the lack of transparency can serve as a red flag, suggesting that essential information about Raisefx.com’s operations and financial processes may not be adequately disclosed. This lack of openness raises legitimate questions about the broker’s credibility.
Evaluating Negative RaiseFX Feedback
Evaluating adverse reviews and feedback from individuals who have had dealings with Raisefx.com can offer valuable perspectives on the broker’s reliability. Reports of suspicious activities, withdrawal difficulties, or unresponsive customer support should be viewed as red flags that warrant a closer examination.
Protecting Yourself from Scams Like RaiseFX
Preventing falling victim to scams like RaiseFX requires vigilance and a healthy dose of skepticism. To protect your financial well-being, take the following measures:
- Comprehensive Investigation: Before investing your capital in any opportunity or company, carry out in-depth research. Verify the legitimacy of their claims and scrutinize their operations for any red flags.
- Due Diligence: Steer clear of hasty choices and consult with reliable financial advisors before making investments. An extra layer of scrutiny can help you avoid falling into potential traps.
- Identifying Red Flags: Be cautious when presented with investments that promise unrealistically high returns, employ high-pressure sales tactics, or lack clear and transparent information about their services.
- Alerting Authorities: If you believe you’ve come across a scheme resembling Raisefx.com, swiftly notify the appropriate agencies, like the FTC or SEC. Reporting such activities is not only in your best interest but also contributes to protecting others from falling into the same trap.
RaiseFX Review – Conclusion
In this RaiseFX review, we have explored potential red flags associated with the Raisefx.com broker, discussed strategies to avoid becoming a victim of scams, and emphasized the paramount importance of transparency and regulatory information in the financial sector. While we refrain from making categorical claims, the significance of conducting thorough research, exercising prudence, and prioritizing financial security cannot be overstated.
Reclaim Your Lost Funds with Cyber Scam Recovery
If you have been victimized by a RaiseFX scam or any other fraudulent scheme, consider seeking assistance from reputable organizations like Cyber Scam Recovery, which specializes in fund recovery. Our free consultations can guide you through the process of recovering your funds, ultimately prioritizing your financial well-being. Stay vigilant and informed to protect your financial interests in an ever-evolving financial landscape.
Empower yourself by reporting the incident through our complaint form. Seek expert assistance for scam recovery and kickstart the refund process from the RaiseFX scam. Our dedicated scam recovery experts are here to support you every step of the way. If you have fallen victim to forex scams, cryptocurrency scams, or any other fraudulent activities, reach out to us for assistance and support.