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Discovering RawForex
RawForex is a digital trading broker, operated under the jurisdiction of Raw Forex (SV) LTD. This company proudly stands at First St. Vincent Bank LTD building on James Street, situated in the heart of Kingstown, St. Vincent and the Grenadines.
To bridge any communication gap, RawForex has a responsive support team ready to assist clients. Reach out to them via their hotline at +35799291096 or +44203936456, or shoot them an email at info@rawforex.com.
The Operational Model
RawForex proudly asserts that it functions as a No Dealing Desk broker. This means they employ ECN technology that integrates directly with a multitude of liquidity providers, such as banks, funds, and other financial establishments.
The Trading Spectrum
The broker avails a plethora of trading opportunities, offering an impressive selection of 62 currency pairs, including the likes of Gold, Crude Oil, and an extensive array of stock indices. Moreover, it grants traders access to government bonds via its treasury trading instruments.
The MT4 Trading Platform
For both desktop and mobile trading, RawForex provides the globally beloved MT4 platform. Known for its rich feature set and versatility, the MT4 platform stands tall as a favorite among traders.
Restricted Countries
However, it's worth noting that RawForex does not extend its services to several countries, including the United States of America, Canada, Sudan, Syria, Myanmar, Panama, Korea, Angola, Bosnia, Herzegovina, Afghanistan, Algeria, Lao People’s Democratic Republic, Papua New Guinea, and Uganda.
Leverage and Margin Trading
Historically, RawForex had provided leverage as high as 1:500. Recently, however, the broker recalibrated its offerings, limiting the maximum leverage to 1:100 for all accounts—a sufficient ratio for most traders. Traders seeking high leverage should fully grasp the concept of margin trading and the potential risks of high-leverage trading.
Transaction Methods
RawForex supports a broad spectrum of deposit and withdrawal methods, incorporating options like Visa, MasterCard, WireCard, PayPal, and Western Union.
The MetaTrader Experience and Trading Instruments
One major draw for traders is the provision of the MT4 trading platform. Usually, most traders familiarize themselves with MetaTrader 4 or 5 before transitioning to other popular platforms like cTrader. However, RawForex does not offer the MT5 platform. The broker impressively features a diverse selection of trading instruments, including Bitcoin, Bitcoin Cash, Ripple, and many other Coins.
The Regulatory Aspect
Unfortunately, RawForex lacks regulation or authorization from any substantial regulatory body. This implies that withdrawing from this company might be challenging if they choose to disregard your request or suspend your account for minor infractions.
In Conclusion
RawForex exhibits the qualities of a diverse and accessible online trading broker. Their integration with a plethora of liquidity providers and the diverse range of trading instruments, including currency pairs, commodities, indices, and cryptos, contribute to its appeal for traders worldwide.
While the recent revision in leverage policy may displease high-risk traders, it offers a safe margin for the average trader. Moreover, the widely used MT4 platform extends the convenience and familiarity many traders seek.
However, the absence of regulatory oversight raises concerns about the platform's security and reliability. Therefore, while RawForex presents several attractive features, traders must proceed with caution and consider this factor when choosing their broker.
