Overview of RaiseFX
Founded in November 2021, RaiseFX has established itself in the trading landscape. As of the latest available information, the platform operates under a Common Financial Service License without authorization, with license number 0524828. RaiseFX stands out for its diverse range of trading assets, offering over 500 options encompassing forex pairs, global indices, cryptocurrencies, stocks, and commodities.
Traders at RaiseFX enjoy the advantage of versatile leverage choices, including up to 1:500 for forex, 1:200 for indices, 1:33 for cryptocurrencies, and various options for commodities and CFD shares. This adaptability empowers traders to customize their trading strategies according to their risk tolerance and investment goals.
Is Raising FX legit or a scam？
As of the latest information available, Raising FX operates under the regulation authority the National Futures Association(NFA) without authorization, holding a Common Financial Service License. The license number is 0524828.
Current Status: Unauthorized
License Type: Common Financial Service License
Regulated By: United States
License No.: 0524828
Licensed Institution: RAISING INTERNATIONAL MARKETS LTD
License Type: No Sharing
Pros and Cons
RaisingFX offers over 500 different assets, including forex currency pairs, global indices, cryptocurrencies, stocks, and commodities, providing traders with a wide variety of investment opportunities. Traders can benefit from flexible leverage options, with leverage ratios of up to 1:500 for forex, 1:200 for indices, 1:33 for cryptocurrencies, and a range of options for commodities and CFD shares. This flexibility allows traders to tailor their risk and position sizes.
However, RaisingFX's services may be subject to geographical restrictions, so traders should check whether they can access the platform from their location.
Market Instruments
RaisingFX offers an extensive range of trading assets that cater to diverse investment preferences. With over 500 different assets at your disposal, you can explore a world of trading opportunities across various categories:
Forex: Trade over 60 currency pairs, including major, minor, and exotic currencies. The forex market provides endless possibilities for both new and experienced traders to capitalize on currency fluctuations.
Indices: Dive into the world of global indices with access to renowned ones like Dow Jones, S&P, Nasdaq, DAX, and CAC. Trading indices allows you to participate in the performance of leading stock markets, providing exposure to broad economic trends and opportunities.
Crypto: Explore the exciting realm of cryptocurrencies with assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more. Our Crypto CFDs open up new dimensions of trading possibilities, ensuring you don't miss out on the dynamic crypto market.
Stocks: Invest in familiar companies that shape your daily life, including Netflix, Amazon, Google, Apple, and many more. Trading stocks allows you to align your investments with your everyday experiences and trends in the business world.
Commodities: Commodity trading offers stability and the opportunity to hedge against economic uncertainties.
RaisingFX empowers traders with a wide array of assets, enabling you to tailor your trading strategy to your unique preferences and financial goals.
Account Types
RaisingFX offers two account types to cater to a wide range of trading preferences. The Standard Account provides leverage of up to 1:500, floating spreads from 8 pips, and zero commissions. It requires a minimum deposit of 200 EUR and includes access to a demo account for practice. Traders can utilize the MT5 trading platform and enjoy 24/5 customer support.
For those seeking more advanced features, the Corporate Account offers similar leverage and spreads but comes with a competitive commission of 0.05 USD per lot. It also requires a 200 EUR minimum deposit, provides a demo account, and grants access to the MT5 platform, all backed by 24/5 customer support. Choose the account type that aligns with your trading needs and objectives with RaisingFX.
How to Open an Account？
Opening an account with RaisingFX is a straightforward process. Here are the concrete steps, broken down into six easy-to-follow procedures:
Step 1: Visit the RaisingFX Website
Step 2: Click on “Sign Up” or “Open an Account”
Step 3: Fill in Your Personal Information
You will be directed to a registration form. Fill in your personal information accurately, including your name, email address, phone number, and country of residence.
Step 4: Create a Username and Password
Step 5: Verify Your Identity
Step 6: Fund Your Account
Once your identity is verified, you can fund your trading account. Choose your preferred payment method (e.g., credit card, bank transfer, or cryptocurrencies) and deposit the minimum required amount, which is 200€ according to the provided information.
Leverage
RaisingFX empowers traders with versatile leverage options across different asset classes.
In the forex market, traders can access leverage of up to 1:500, offering substantial position amplification. For indices, a leverage of up to 1:200 is available, allowing traders to capitalize on stock index movements. In the crypto realm, RaisingFX offers a leverage of up to 1:33, considering the inherent volatility. Moreover, commodities trading presents leverage ranging from 1:20 to 1:500, accommodating various trading strategies. For CFD shares, leverage of 1:10 is available, providing flexibility.
Spreads & Commissions
The spread at RaisingFX varies depending on the assets you choose to trade. Here are the current live spreads on top assets:
EURUSD: Spread of 10 pips
GBPUSD: Spread of 8 pips
DJ30 (Dow Jones 30): Spread of 150 points
DAX40: Spread of 199 points
Bitcoin: Spread of 1094 points
Ethereum: Spread of 293 points
Netflix: Spread of 21 points
Gold: Spread of 12 points
WTI Crude Oil: Spread of 16 points
Trading Platform
Traders can experience professional trading by harnessing the power of the MetaTrader 5 (MT5) platform with RaisingFX. The platform empowers users to trade like professionals, whether they are on a PC or Mac. It offers advanced charting and analysis capabilities, with access to unlimited charts, more than 60 technical indicators, and 9 different timeframes for precise asset analysis.
RaisingFX provides an extensive catalog of over 500 assets, ensuring traders have access to a wide range of financial instruments within a single platform. The platform boasts deep liquidity and a highly saturated market, ensuring efficient trading even during peak market hours.
With support for Expert Advisors (EAs), traders can take advantage of automated trading strategies, customizing and deploying EAs to execute trades automatically, freeing up their time for other activities.
The MetaTrader 5 mobile app, available for both iOS and Android devices, allows traders to manage their trades on the go. They can access essential functions, stay updated on market movements, and receive technical analysis with ease, all from their phone or tablet.
RaisingFX's platform features an efficient and user-friendly design, making it accessible to traders of all experience levels. Its intuitive and simplified interface ensures a seamless trading experience.
RaisingFX is dedicated to providing traders with one of the most popular and versatile trading platforms on the market. With comprehensive features and the flexibility to trade anytime and anywhere, traders can approach the financial markets with confidence, whether they are beginners or seasoned experts.
Deposit & Withdrawal
RaisingFX provides a range of account funding and account withdrawal options in multiple base currencies including VISA/mastercard, wire transfer, BT pay, Apple pay, Google pay and more.
The minimum deposit requirement for all payment methods is 200 EUR.
The processing times for payments may vary depending on the chosen method. While VISA/mastercard and e-wallets offer instant deposits, bank transfer may require 2-3 business days for processing. This variation allows you to select the payment method that best aligns with your preference for speed and convenience.
RaisingFX does not charge any fees for deposits. Deposits can be made through the RaisingFX website or mobile app.
Customer Support
RaisingFX places a strong emphasis on delivering exceptional customer support to ensure a smooth and hassle-free trading experience for all users. Our dedicated customer support team stands ready to assist with any inquiries or concerns you may encounter during your trading journey.
Contact Information:
Educational Resources
RaisingFX is committed to enhancing traders' growth and expertise by providing an extensive range of educational resources. These valuable resources encompass a variety of learning materials, including tutorials, webinars, informative articles, and in-depth market analysis.
These educational materials are thoughtfully curated to empower traders at all skill levels, from beginners to experienced professionals. RaisingFX understands the significance of knowledge and information in the world of trading, and our aim is to equip traders with the essential tools and insights necessary to make well-informed decisions in the ever-evolving financial markets.
Conclusion
RaisingFX is a trading platform that has gained prominence for its diverse range of market instruments, multiple account types, user-friendly interface, competitive leverage options, educational resources, and reliable customer support. The MetaTrader 5 (MT5) platform offers advanced charting, analysis tools, support for Expert Advisors (EAs), and a mobile app for on-the-go trading. It caters to traders of all experience levels with an intuitive interface. However, traders should be mindful of potential limitations, such as limited access to specific cryptocurrencies and geographical restrictions.
FAQs
Q: What market instruments are available on RaisingFX？
A: RaisingFX provides access to a diverse range of market instruments, including forex, cryptocurrencies, commodities, indices, and more.
Q: What account types does RaisingFX offer？
A: RaisingFX offers multiple account types tailored to meet the varying needs of traders, often differing in terms of minimum deposit requirements, leverage options, spreads, and features.
Q: How do I open an account with RaisingFX？
A: Opening an account with RaisingFX typically involves completing a registration form, submitting required documents for identity verification, and funding the account. Demo accounts may also be available for practice.
Q: What are the fees associated with trading on RaisingFX？
A: RaisingFX may charge spreads on trades, which can vary based on the asset and market conditions. Traders should also be aware of any commissions or overnight financing fees.
Q: What trading platform does RaisingFX use？
A: RaisingFX often uses popular trading platforms MetaTrader 5 (MT5)
Q: What deposit and withdrawal methods are available on RaisingFX？
A: RaisingFX typically provides multiple options, including bank transfers, credit/debit cards, and e-wallets.
Q: How can I contact customer support at RaisingFX？
A: RaisingFX typically offers customer support through various channels, including live chat, email, and phone.
2024-03-25 00:37
2022-12-07 16:13
