Today’s review will be about a RAW Forex company.
A parent company unites many services and fields of activity.
So, what we can get from the company overview. It trades currency and other symbols. The group is funded in 2008 and it’s authorized by FSA. The rest is just words.
- According to regulator requirements, our funds are held in separate bank accounts. They take great care and diligence in their selection.
- Working through an MT4 platform.
- “Our proprietary No Dealing Desk ECN technology integrates directly with several top liquidity providers such as global banks, funds, financial institutions, and other ECN’s, making them compete anonymously to earn your business.”
- Raw Forex (SV) LTD doesn’t provide services to residents of the USA, Canada, Sudan, Syria, North Korea.
If we want to know more about them no luck for us.
The same we can see in the News. The last one was over one and a half years ago.
Let’s talk about features and other specific:
- They provide access to trading 62 currency pairs, Gold, Crude oil, Stock Indexes.
- Intro explanation of what we can trade.
- Supporting big numbers of Cryptocurrencies
- Many payment methods are supported
Type of accounts
There are four types of supported accounts. The micro account starts from a $100 deposit. Its features are “base” currencies USD, EUR; the maximum leverage is 1:100; there’s a protection from a negative balance; no commission; the max spread 2 pips; Islamic type of account is available, the minimum trade is 0.01 lot.
The Classic account starts from a $1000 deposit. Spreads will be 1.8 pips.
The Raw account requires a $5000 deposit. Spreads are 0.4 pips.
The VIP account starts at $10000. Spreads are 1.2 (?) pips.
RawForex shows a sheet that allows traders to check Pip Value, Margin, Standard Lot Size, Financing Long, and Short in points.
Let’s talk about trading Cryptocurrencies through them:
- The minimum deposit is $100.
- Competitive swap rates.
- We can go Short or Sell crypto and potentially profit when its price drops.
- No risk of wallet hacking or theft.
- Up to 20:1 leverage.
- Around-the-clock service and support in 14 languages.
- Live quotes and charts for your reference.
- Trade on the RAW Cryptocurrencies Platform.
The partnership includes three ways of cooperation. The first one is Liquidity Solution and it’s unclickable. White Label Solution allows us to provide brokerage services based on RawForex’s hard and software. The last one is Introducing Brokers. It allows us to access the tools and features within our specialized ‘HUB section’ enabling you to keep track of your clients’ trading history and therefore the commissions due to you.
Social Network Profiles
A profile on LinkedIn tells us that there are no employees behind this business.
FB’s one looks the same. There are just 374 followers and the last post was on 31 December 2019.
The Twitter page has got 290 followers. If you take a look at hashtags you notice that there are not professional. No brokers write “dollar” instead of USD.