✔️ Information reviewed and updated in February 2024 by Eduardo López
Opinions and information about the broker RaxTrade
¿It is the really reliable RaxTrade broker (aka raxtrade.com)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The RaxTrade broker is a broker of: Forex, cryptocurrencies and CFDs.
The broker mentions to be part of: ROI STOCK LIMITED.
RaxTrade is based in: Saint Vincent and the Grenadines.
If we talk about regulation, the RaxTrade website does not mention absolutely anything about being regulated, RaxTrade is an unregulated broker.
We will continue to analyze the different account types that RaxTrade offers. In the case of RaxTrade we note that it does not offer information about having different types of account.
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The platforms used to trade are: they do not mention it, we believe that RaxTrade's own platform.
Now, yes, we will go on to analyze the different resources and help that the company provides to traders on its website: some explanations of the products that RaxTrade offers, an explanation of basic concepts of the investment world, some live charts, economic calendar , financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: +44 2039 361 222
E-mail: [email protected]
Clarification: The investment company RaxTrade works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is an unregulated broker, it is based in very unsafe countries (Saint Vincent and the Grenadines), when looking for information and other reviews about RaxTrade we found a lot of negative reviews.
July 2020 update: CONSOB, Italy's financial regulator, has reported to RaxTrade for fraudulent activities.
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