raisefx.com Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website raisefx.com claims to be a trading platform for forex, indices, stocks, and cryptocurrencies. It promotes its services with various marketing messages, such as "trade with the best offer on the market," "boosting your profits with the raisefx experience today," and "quick & easy account opening." It also mentions being seen on several media and TV shows, which is a common tactic used by some fraudulent websites to gain credibility. However, there are several red flags and concerns that should be carefully considered: 1. Lack of Detailed Information: The website lacks detailed information about the company, its team, and its history. Legitimate financial service providers typically provide comprehensive information about their background, team members, and regulatory status. 2. Regulatory Claims: The website claims to be operated by Raise Global SA (Pty) Ltd and mentions being an authorized financial service provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. It's crucial to independently verify these regulatory claims by checking the official registers of the FSCA or other relevant regulatory bodies. 3. High-Risk Warning: The website includes a standard risk warning about the high level of risk involved in trading forex and CFDs. While this is a legal requirement for financial service providers, it's important to note that the high-risk nature of these investments can lead to significant financial losses for traders. 4. Intellectual Property Rights and Regional Restrictions: The website mentions intellectual property rights and regional restrictions, which are standard legal disclaimers. However, these should not be used to distract from the lack of transparent and verifiable information about the company's operations and regulatory status. 5. Limited Contact Information: The website provides a phone number and email address for contact, but there is no physical address listed. Legitimate financial service providers typically provide a verifiable physical address for their offices. 6. Unrealistic Promises: The website makes bold claims about being "more than a broker" and a "trading partner," as well as offering the "best of all" in terms of trading. Such exaggerated marketing language is common in fraudulent or untrustworthy websites. 7. Unsubstantiated Awards and Media Mentions: The website mentions awards and being featured in media and TV shows, but there is no specific information or evidence provided to verify these claims. Legitimate companies usually provide details about their awards and media coverage. 8. Overemphasis on Account Opening and Trading: The website heavily emphasizes the process of opening an account and starting to trade, which is a common tactic used by fraudulent platforms to lure in unsuspecting users. 9. High Gap Ratio in Domain and Archive Age: By analyzing the domain age and archive age, it's determined that the domain is suspicious because of a high gap ratio (2.63) for an older domain. This is a red flag that suggests the website's content or purpose may have changed significantly over time. Given these red flags and concerns, it's highly advisable to exercise extreme caution and conduct thorough independent research before considering any engagement with this platform. Always verify the regulatory status of financial service providers and be wary of exaggerated marketing claims, especially in the high-risk field of forex and CFD trading."

• Lack of Detailed Information, Regulatory Claims, High-Risk Warning, Intellectual Property Rights and Regional Restrictions, Limited Contact Information, Unrealistic Promises, Unsubstantiated Awards and Media Mentions, Overemphasis on Account Opening and Trading, High Gap Ratio in Domain and Archive Age