Brokers  /  Raffles Market

Raffles Market

Severe risk
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2020-07-03 · Raffles Market
Unregulated
Visit site ↗
3.3/5
★★★★★ ★★★★★
24 reviews ›
0
Licenses ›
32
Withdrawal issues ›
$20000
Min. deposit ›
1:1000
Max leverage ›
3
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: VIP AccountECN Account · $20000Standard Account
▲ 4% positive▼ 92% negative
Independent ratingshow third parties score this broker
WikiFX1.55/10
Trustpilot3.3/5
Forex Peace Army—/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~133% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)2510%
Real-user sentiment508%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameRaffles Market
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2020-07-03
Years operating5-10 years
Employees0
Official websiterafflesmarket.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St.Vincent and the Grenadines.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP Account--------✓
ECN Account--$200000.1$10/lot✓
Standard Account1:1000------✓

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.52)

Across 24 recent Trustpilot reviews, 92% are 1–2 star. The single most common complaint is being unable to withdraw funds (32 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Turkey14
Hong Kong4
Ukraine3
UA1
🇰🇷 KR1
United States1
Positive vs negative · last 2 months Pos Neg
Apr
Jul

Real user reviews

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About Raffles Market

Raffles Market is a forex and CFD broker based in Saint Vincent and the Grenadines, with records dating to 2020-07-03. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

On Trustpilot, Raffles Market holds a real-user score of 3.3/5 across 2 reviews. Withdrawal problems appear 32 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full Raffles Market review