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+44 2033180439
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Score
0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!
Raffles Market
Saint Vincent and the Grenadines|2-5 years| Suspicious Regulatory License|MT4/5 White Label|Chinese market only|High potential risk|
https://www.rafflesmarket.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
2
Server Name
RafflesMarket-Demo MT4
Server Location 
Hong Kong
Hong KongContact
+44 2033180439
support@rafflesmarket.com
https://www.rafflesmarket.com/
First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St.Vincent and the Grenadines.
The WikiFX Score of this broker is reduced because of too many complaints!
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
Contact number
Broker Information
More
Company Name
Raffles Market
Company Abbreviation
Raffles Market
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Facebook
YouTube
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2023-11-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
21 pieces of exposure in total Pyramid scheme complaint
Expose Unable to withdraw
forget your money
I want to withdraw money from my 2111306 account, but I can't.
2022-06-13 20:28
Scam
i can't withdraw my money
I haven't been able to reach anyone for 2 weeks, this institution is a fraud, do not deposit money
2022-06-16 15:57
Unable to withdraw
Beware, you cannot withdraw your money. 2111306
I still cannot find a contact person for the withdrawal request I sent 13 days ago. Do not choose Raffles if you want to trade in a secure environment.
2022-06-15 15:33
Unable to withdraw
Rafless market doesn’t give my money back!!
I deposited 4650 usd and they deleted all my profit 925 usd I can’t withdraw now even my deposit amount 4650 usd, please help me they are very big scammer, don’t waste your money here. BIG SCAM BROKER BE CAREFUL
2022-06-15 18:03
Scam
SCAM BROKER THEY DONT GIVE MONEY
I HAD REQUEST 428 USD WITHDRAW BUT THEY DONT PAY MY MONEY BIG SCAM
2022-06-15 22:29
Unable to withdraw
long time
My meta number 2111566 I give withdrawal 10 day ago 1900 usd but still pending.... Very long time :(((
2022-06-13 16:24
Unable to withdraw
Beware, you cannot withdraw your money. 2111306
I still can't find a contact person for the withdrawal request I sent 13 days ago. Do not choose Raffles!!! if you want to trade in a secure environment.
2022-06-15 15:57
Unable to withdraw
This company is a scammer!!!
This company is a scammer!!! I am serving as an IB and cannot withdraw my commissions. I've been waiting for payment for 1 week, they don't even respond. I have a full 594 USD. Do not cooperate with this company, do not invest money. It doesn't pay your profits and commissions. my IB registration number IB14144
2022-06-15 17:29
Scam
Stay away if you don't want to be scammed
We have not been able to reach anyone for 20 days, do not deposit money,
2022-06-23 21:52
Unable to withdraw
It's been 15 days still no response
I cannot withdraw my money from my 2111306 account. Do not believe this scam company that says they are licensed.
2022-06-17 17:21
Unable to withdraw
2111306 I can't withdraw money from my account
It has been exactly 12 days, I can neither withdraw my money nor get an answer from the institution. Do not consider this institution as an honest broker and do not invest money.
2022-06-14 18:52
Scam
Induce fraud
I was attracted to their investment plan by customer service. I did everything I need. These scammers make me investing 96000 dollars. They promise to help me to increase my investment profilio, but I cannot withdraw for several months. However, I was directed to (traceasset.org) a recovery company that helped me get all my funds back. They just asked me the necessary details and it was done in a second
2022-06-16 19:29
Unable to withdraw
WARNİNG BIG SCAM COMPANY
They said We will not send any investor's money. I have 5000 usd and they said forget your money
2022-06-20 03:45
Unable to withdraw
Warning
Don't deposit money, you can't withdraw. I've been waiting 2 weeks for a withdrawal. They don't have contact numbers, they don't respond to e-mails.
2022-06-15 17:06
Unable to withdraw
you can't withdraw your money
İçeriği Girin...I made a withdrawal request of 2385 usd from my 2111306 account, I have not been able to reach anyone for 8 daysDon't deposit money, you can't withdraw.
2022-06-10 19:45
Unable to withdraw
Raffles market is a big scam broker, stay away…
I have deposit 1000 usd my account 3 weeks ago and made profit 250 usd in few days then I requested to withdraw my all money 1000 usd initial deposit and 250 usd profit in totally 1250 usd. they blocked my and didn’t pay me even 1 usd. when I understand that they will not pay me I contact and requested only initial deposit they told they will not pay me and they scammed me then they blocked me. this is very big scam broker I have ever seen please stay away from this broker
2022-06-15 15:42
Raffles Market · Company Summary
General Information & Regulation
Raffles Market is a St. Vincent and the Grenadines registered broker established in 2020 offering traders access to CFDs across Forex, Indices, Commodities, Stocks & Cryptocurrencies. Regulation details announced on the official websites are that Raffles Market is registered as the International Business Company of St. Vincent and the Grenadines Financial Services Authority (FSA), registration number 458 LLC 2020, and Raffles Market LLC is licensed and regulated by The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with license no. M21382961.
Market Instruments
In respect to tradable instruments, Raffles Market offers a selection of forex pairs and CFDs on indices, stocks, precious metals, commodities and crypto coins.
Minimum Deposit
Raffles Market comes with a choice of three account types, the Standard, the VIP and the ECN account. The Standard accounts requires no minimum initial deposit, while the ECN account requires a deposit from $20,000, which is incredibly high.
Raffles Market Leverage
Raffles Market offers the maximum possible leverage is up to 1：1000, a ratio that no one should ever use because that‘s pure gambling. Worse though, the minimum possible leverage is 1:100, which is a level that’s also not safe enough, and it turns out that Raffles Market intentionally pushes traders into a high-risk environment. Keep in mind thats a scam sign notwithstanding there were only managed accounts available at the time!
Spreads & Commission
There is no spread details on Raffles Markets website, which seems to be so abnormal. Most brokers will tell their spreads on each instruments, while the broker just say how many instruments it can trade with.
Raffles Market Trading Platforms
Raffles Market offers its trader the MT4 trading platform. The smart interface enhances the overall trading experience and offers a number of impressive additional features. It can be downloaded and accessed from PC or Mac, allowing you to trade from anywhere in the world.
Deposits & Withdrawals
Traders are allowed to fund their Raffles Markets accounts through Bank online transfer, Local transfer and USDT online transfer, as well as Alipay, PayPal. Minimum deposit requirements vary depending on different payment methods, for example, traders who fund through Visa or Mastercard need deposit at least $100.
User Reviews
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2
CommentsWrite a review
寿星
more than one year
I love its generous trading leverage, giving me much flexibility. However, its minimum deposit of $500 is a little bit higher for. I am used to trading with brokers requiring low deposits, hmmm… I guess this one is not suitable for me.
2022-12-02 18:40
｀Ru影隨形╮
more than one year
BIG SCAM!!! They wiped out all my profits, and they won't let me withdraw money! See a lot of people on the Internet exposing this broker, I just can’t believe that so many people have been cheated by them! That's terrible! Why hasn't this broker been put in jail for stealing so much of our money? ! SHAME ON THEM!!!
2022-12-02 16:18 21
