RaiseFX

RaiseFX is an online brokerage founded on 25 April 2022 and headquartered in Sandton, South Africa. The company operates under the legal name RAISE GLOBAL SA (PTY) LTD. It is regulated by the Financial Sector Conduct Authority (FSCA) under license number 50506, holding a Derivatives Trading License (EP) with a 'Regulated' status.

The broker describes itself as having 25 years of industry experience and offers trading across five asset classes: forex, indices, cryptocurrencies, stocks, and commodities. It provides MetaTrader 5 as its trading platform, along with demo accounts for practice. Leverage of up to 500:1 is available, and support is advertised as available 24/7.

RaiseFX holds a single regulatory license from the FSCA of South Africa (license no. 50506). This license covers derivatives trading and is listed as 'Regulated' in industry databases. While FSCA regulation provides a baseline of oversight, it is not as stringent as some Tier-1 jurisdictions. Traders should verify the license independently on the FSCA's register.

It is worth noting that two clone or impersonator websites have been identified, which is a common red flag in the industry. The broker itself has not confirmed these impersonators, but their existence underscores the need for caution when dealing with online brokers.

The broker exclusively offers the MetaTrader 5 (MT5) platform, a popular multi-asset trading platform known for its advanced charting tools, algorithmic trading capabilities, and user-friendly interface. MT5 is available for desktop, web, and mobile devices.

RaiseFX provides coverage of 5 market categories: forex, indices, crypto, stocks, and commodities. The specific instruments within these categories are not fully listed in public sources, so traders may need to confirm availability via the broker's website or support.

RaiseFX has not publicly disclosed detailed account tiers or minimum deposit requirements. However, user reviews indicate that deposit options include bank cards and Apple Pay, and withdrawals may be limited to cryptocurrency in some cases. The broker states it offers demo accounts, up to 500:1 leverage, and 24/7 support. Trading costs such as spreads and commissions vary; some users praise tight spreads while others complain of high fees.

Based on user feedback, deposits can be made via credit/debit cards and Apple Pay. Withdrawals appear to be processed primarily through cryptocurrency, though some users report using bank transfers. There are numerous complaints about withdrawal delays, with some requests taking over a week and being marked 'Completed' without funds actually being sent. The broker also requests additional documentation such as bank card CVV numbers, which raises security concerns. Traders should carefully review the broker's withdrawal policy before funding an account.