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No valid regulatory information, please be aware of the risk!
Open for 3 months and run away at the end of 2022
Raynar told us to be able to withdraw “our” money with over$55,000 we have to pay 20% to initiate our account! we already has money with them and kept blaming exchange agent. if this is not a scam what is. will some one help me I am ready to pay 25% from my money in Raynar’s account
A boy in Hong Kong who claimed to be Li Yuxiang added my IG on 6/04. He was very enthusiastically in chat and quickly developed into a lover. He greeted three meals a day, shared daily photos, or talked on the phone, and chatted. He mentioned that he usually studies cryptocurrencies, and then he began to teach me to transfer money from the MAX platform to the OKX wallet, and then to the Exchange platform Chaince, using futures trading with an initial amount of about NT$200,000 and a profit of about US$410. After slowly making a profit, he encouraged me to put the stock money into cryptocurrency to obtain higher profits, because he kept guaranteeing that he could definitely withdraw it every other month, so I completely trusted him and borrowed 1.54 million from the bank, and borrowed another 2 million from friends, hoping to maximize the benefits. The profit increased from a few hundred dollars to several thousand, or even tens of thousands of dollars, and Mr. Li also invested 30,000 dollars to invest together, so I fully believe that we can create wealth together. Until July 25, when the last transaction was about to be withdrawn, the platform required a capital verification deposit of more than US$99,000. In only one week, I moved out the available deposit and completed the payment together with Mr. Li. As a result, the platform came to notify again that due to frequent transactions, another deposit of about US$60,000 was required to prove that the source of funds was legitimate. Before and after, Mr. Li paid a deposit of 77,000 US dollars for me, so I trusted him very much. When I used all my savings and took out all my savings on 8/02, the platform claimed that some of the funds were not paid by me, but This amount happened to be the fund that Mr. Li helped to pay, so it is necessary to provide a security deposit of about 40,000 US dollars, and the deadline for payment is before 12 o'clock in the evening on 8/04. Generally, when we pay, we only show the address of the wallet on the chain. How can the platform know that those are Mr. Li’s? That’s night, the platform directly deleted my account, and I realized that I had been cheated. And when I told Mr. Li that there was really nothing I could do to pay, he got furious and angry. 8/05, that is, today, the website of the exchange has been moved. Looking back on this process, every time the exchange changed its website, Mr. Li notified me as soon as possible, not the platform. And although he got stuck with more than 70,000 U.S. dollars in funds, he didn't want to solve it, but kept asking me to find the money again. Isn't this unreasonable? Obviously, Mr. Li is related to this whole platform, please be careful.
|Company Name||Raynar Group LLC|
|Minimum Spread||From 0.0 pips|
|Trading Assets||Currency Pairs, Commodities, Indices and Shares|
|Customer Support||Email & Telephone support|
Registered in Ukraine, Raynar Group presents itself as an online trading platform providing access to a massive financial market. With the Raynar Group platform, three trading accounts are available, with the lowest required opening deposit from $500, and traders can employ a maximum leverage of 1:1000 on their positions.
Raynar Group is operated by Raynar Group LLC, and it is not authorized or regulated by any regulatory authority and thats why it receives a low score of 1.09/10. Please be aware of the risk.
With Raynar Group, clients have limited choices in their financial trading, only three classes of trading assets including Currency Pairs, Commodities, Indices and Shares available.
Novice, Traders and Investors accounts are the available options for traders, making them accessible to both novice and experienced traders. The account type is determined by the minimum deposit, $500 to open a novice account, $5,000 to open a trader account, and $20,000 to open an Investor account.
Spreads & Commissions
Trading accounts set the commissions and spreads. Novice and Trader accounts charges both spreads and commissions and Investor accounts offer a zero-commission trading environment, only $20,000 calculated.
Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while Raynar Group enables its clients to use leverage of up to 1:1000. This is crazily higher than the proper amount considered appropriate by most regulators.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.
What Raynar Group provides is not the industry leading MT4 OR MT5 trading platform, a proprietary trading platform instead.
The minimum deposit is $500, but Raynar Group says nothing about its payment options supported, which is a worrying sign. Withdrawals remains a super important trading process, and be aware of the risk once a broker does not make its withdrawal policy transparent.
Unfortunately, Raynar Group does not provide live chat to render client assistance, but telephone, email is equally reachable. Here is the detailed contact information:
Company Address: Velika Vasylkivska str., Bldg 100, floor 10, Kyiv,03150, Ukraine
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
|High leverage up to 1:1000||No regulation|
|High minimum deposits|
|Limited choices of trading assets|
|Not MT4 or MT5 trading platform|
Frequently Asked Questions
Is Raynar Group regulated？
No, Raynar Group is not regulated.
What is the maximum leverage provided by Raynar Group？
The maximum trading leverage provided by Raynar Group is up to 1:5000.
What trading instruments does Raynar Groupprovide？
Raynar Group offers access to four classes of trading assets, Currency Pairs, Commodities, Indices and Shares.
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