raisemyfunds.co Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website "raisemyfunds.co" appears to be a high-risk financial platform. Here are several red flags: 1. **Guaranteed High Profits:** The promise of raising trading funds up to $200,000 and earning up to 90% of profits is unrealistic and often a characteristic of investment scams. 2. **Lack of Regulation Clarity:** While the website mentions being a regulated prop firm and having a Category 1 FSP license issued by the FSCA, South African regulatory authority, it's essential to independently verify these claims. Scammers often fabricate or exaggerate regulatory credentials. 3. **Fees and Payment Requests:** The website mentions fees for challenges and offers, which is unusual for legitimate trading platforms. Additionally, the requirement to pay for a challenge, especially with a limited-time offer, can be a tactic used by scams to pressure users into quick decisions. 4. **Vague Information:** The website provides limited details about its operation, team, and history. Legitimate financial firms usually offer comprehensive information to build trust. 5. **Unrealistic Scaling Plan:** The scaling plan to increase trading capital up to $1,000,000 based on consistent profitable performance is highly unusual and not in line with standard industry practices. 6. **Demo Accounts and Simulated Environment:** The disclaimer about all accounts being demo accounts with fictitious funds is concerning. It suggests that users may not be engaging in actual trading, which is misleading if the platform presents itself as a real trading opportunity. 7. **Regional Restrictions and Legal Disclaimers:** The website's mention of regional restrictions and extensive legal disclaimers is common in scam websites to protect themselves from legal action. 8. **High Daily and Lifetime Loss Limits:** The high daily and lifetime loss limits for different account balances are unusual and could be a way to encourage risky trading behavior. 9. **Unrealistic Profit Objectives:** The profit objectives for the challenge phases, especially the high percentages, are not typical in legitimate trading evaluations. 10. **Payment Methods:** The website's mention of cryptocurrency and bank transfer as payment methods for withdrawing profits is common in scam platforms and can make it difficult for users to recover funds. Given these red flags, it's crucial to exercise extreme caution. Always conduct thorough research and, if possible, seek advice from a financial professional before engaging with any high-risk financial platform."

• Guaranteed High Profits, Lack of Regulation Clarity, Fees and Payment Requests, Vague Information, Unrealistic Scaling Plan, Demo Accounts and Simulated Environment, Regional Restrictions and Legal Disclaimers, High Daily and Lifetime Loss Limits, Unrealistic Profit Objectives, Payment Methods