Razermarkets.com Review: Razer Markets a Scam Broker?
Razermarkets.com is a Marshall Island based broker offering 4 account types with a minimum deposit of €250.
Unfortunately, they don’t have a reputation just yet and if you don’t know how to trade for consistent returns, we recommend signing up for this AI managed account service.
Razer Markets feels that they can help clients achieve their financial goals.
They offer webinars, trading signals and online chat support alongside the main service which is obviously trading of financial instruments.
They promise increased quality of pricing, transparency and speedy execution.
Razermarkets.com also claims that they want to keep traders up to date with the latest market changes and news.
The truth is difficult to establish without reading a review like this.
We will therefore conduct an investigation regarding the various aspects of the broker including their online reputation to help you make a decision.
Razermarkets.com review
Their website is very new as it was created in July 2020.
Trading instruments include Forex, Commodities, Indices, CFDs, Crypto and Shares.
The below highlights the various features of Razer Markets account types:
| Account | Basic | Silver | Golden | Platinum |
| Deposit | €500 | €5000 | €50000 | €250000 |
| Leverage | 1:200 | 1:300 | 1:400 | 1:500 |
| Variable spreads | Yes | Yes | Yes | Yes |
| Account Manager | Yes | Yes | Yes | Yes |
We actually don’t know why Razermarkets is telling us that their minimum deposit is €250 when their account types page says that this deposit is €500.
Razermarkets review: Trading conditions
A word on Spreads
Razermarkets claims they their trading accounts come with variable spreads starting 0.1 pips.
We currently don’t have a proper breakdown of their typical spreads for popular currency pairs like the EURUSD.
Most professional brokers will publish live spreads on their website via a widget.
So at the moment, it is hard to tell whether Razer markets is an expensive or affordable broker to trade with.
Also, there is no word on commission. We suspect that the broker is not charging any commission.
Leverage
It’s up to you to decide what leverage you want to use.
But typically the higher the leverage, the more you risk your equity.
You should therefore gain sufficient training (use Forexsignals.com) if you have no idea.
Currently Razermarkets is offering leverage starting 1:200 which is good enough for most retail trading.
Trading Platform
This broker supports two most popular trading platforms namely MetaTrader and WebTrader respectively.
Choosing MetaTrader 4 platform for your trading will ensure that you have access to a wide variety of charting features and applications.
You can use the best expert advisor to automate your trades on the MT4 platform.
On the other hand, the WebTrader platform is convenient for trading without having to download any software.
It has the same features and interface as the downloadable MT4.
Either way, we expect all brokers to have these two platforms in their list of basic features.
Razermarkets.com company background
This broker is operated by a company known as Razermarkets Ltd.
They are obviously an offshore broker with no license to permit them to offer any kind of financial services.
We highly discourage trading with an unregulated broker as money sent to an unregulated broker will most likely be lost.
You can check out our list of regulated and most recommended brokers here.
Apart from this, their marketing materials claim that they have 22,000 clients.
This claim is far-fetched because today the competition in the Forex marketplace is fierce.
There is no way a new broker can enter the market and immediately get lots of clients.
These stats are therefore not verifiable. Probably they just want to pretend that they are popular which is not the case …. at least for now.
Online reviews/feedback
There are no client feedback anywhere on the internet to support the claims of this broker.
Before you start trading with a broker, you should look at professional reviews or at least client feedback out there to ascertain the truth.
Currently Razer Markets is very new and they probably don’t have any clients just yet.
Conclusion
Razer Markets has a nice professional website which is straight to the point.
However, they are automatically disqualified because no sane Forex trader can do business with an offshore and unregulated broker.
Secondly, it sends chills down the spin to even think that one is going to invest $500 on a broker with zero feedback.
For us, this broker is a no. If you want to find good brokers, you can do so on this page.
Asmir
I have an account at Razermarkets and I can only confirm that they are scamers. They refuse to pay out the money I have on the account and they don’t want to delete my account either. They just want me to pay in even more money and they call me almost every day for that. It is a real harassment. That’s why I would advise everybody to stay far away from Razermarkets.
Asmir
I have an account at Razermarkets and I can only confirm that they are scamers. They refuse to pay out the money I have on the account and they don’t want to delete my account either. They just want me to pay in even more money and they call me almost every day for that. It is a real harassment. That’s why I would advise everybody to stay far away from Razermarkets
bhoj
Razer market fraudulent people
withdrawal does not exist over there
ones your deposit your money they start calling you to add more money
fake platform fake trading you will never get your money from them
Ra
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS –
COSTED ME / LOST 5 DIGIT AMOUNT.
Razermarket they are not a broker just a group of scammers.
They will initiate trading as they feel with the available funds. In the middle of trading session they will call & insist more deposit because the so called “margin” is low and will treaten you will lose your investment if you don’t deposit more. Once you deposit more, they will increase the number of trades again. And the same deposit circle will start once again. If you refuse to invest more, they will give you a credit, without your approval. The following day they will start to threaten to settle the “unauthorized credit”. They will inform that withdrawal process could take place once the credit settled. One will think the withdrawal process will start once you clear the creadit with deposit. But here comes their final blow. They will inform “DEPOSIT THE AMOUNT EQUAL TO WITHDRAWAL AMOUNT”. (ex: need to deposit 5000 EUR if you want to withdraw 5000 EUR) AND ONCE YOUR DEPOSIT CREDITED IN THE ACCOUNT, THEY WILL INITIATE WITHDRAWAL REQUEST AND SEND BACK THE FUNDS (5000+5000=10000 EUR) TO YOUR BTC ACCOUNT IN YOUR COINBASE ACCOUNT, WHICH WILL TAKE ITS OWN TIME. Means one should have enough funds equal to withdrawal. They will reveal this “Special condition” ONLY when the withdrawal process starts. At this point every client will reach the status of mental breakdown. And will admit their defeat and acknowledge their stupidity and loose their hard earned life savings. The only intention the so called brokers in Razermarkets have to cheat / deceive the vulnarable clients as much as they can and start hunting new victims. They write / say KYC (Know Your Client) is their motive, so to serve the clients. But my experience confirms that they mean Keep Your Client alive til the end. My advice:
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS
Ra
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS –
COSTED ME / LOST 5 DIGIT AMOUNT.
Razermarket they are not a broker just a group of scammers.
They will initiate trading as they feel with the available funds. In the middle of trading session they will call & insist more deposit because the so called “margin” is low and will treaten you will lose your investment if you don’t deposit more. Once you deposit more, they will increase the number of trades again. And the same deposit circle will start once again. If you refuse to invest more, they will give you a credit, without your approval. The following day they will start to threaten to settle the “unauthorized credit”. They will inform that withdrawal process could take place once the credit settled. One will think the withdrawal process will start once you clear the creadit with deposit. But here comes their final blow. They will inform “DEPOSIT THE AMOUNT EQUAL TO WITHDRAWAL AMOUNT”. (ex: need to deposit 5000 EUR if you want to withdraw 5000 EUR) AND ONCE YOUR DEPOSIT CREDITED IN THE ACCOUNT, THEY WILL INITIATE WITHDRAWAL REQUEST AND SEND BACK THE FUNDS (5000+5000=10000 EUR) TO YOUR BTC ACCOUNT IN YOUR COINBASE ACCOUNT, WHICH WILL TAKE ITS OWN TIME. Means one should have enough funds equal to withdrawal. They will reveal this “Special condition” ONLY when the withdrawal process starts. At this point every client will reach the status of mental breakdown. And will admit their defeat and acknowledge their stupidity and loose their hard earned life savings. The only intention the so called brokers in Razermarkets have to cheat / deceive the vulnarable clients as much as they can and start hunting new victims. They write / say KYC (Know Your Client) is their motive, so to serve the clients. But my experience confirms that they mean Keep Your Client alive till the end. My advice:
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS
Ra
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS –
COSTED ME / LOST 5 DIGIT AMOUNT.
Razermarket they are not a broker just a group of scammers.
They will initiate trading as they feel with the available funds. In the middle of trading session they will call & insist more deposit because the so called “margin” is low and will treaten you will lose your investment if you don’t deposit more. Once you deposit more, they will increase the number of trades again. And the same deposit circle will start once again. If you refuse to invest more, they will give you a credit, without your approval. The following day they will start to threaten to settle the “unauthorized credit”. They will inform that withdrawal process could take place once the credit settled. One will think the withdrawal process will start once you clear the creadit with deposit. But here comes their final blow. They will inform “DEPOSIT THE AMOUNT EQUAL TO WITHDRAWAL AMOUNT”. (ex: need to deposit 5000 EUR if you want to withdraw 5000 EUR) AND ONCE YOUR DEPOSIT CREDITED IN THE ACCOUNT, THEY WILL INITIATE WITHDRAWAL REQUEST AND SEND BACK THE FUNDS (5000+5000=10000 EUR) TO YOUR BTC ACCOUNT IN YOUR COINBASE ACCOUNT, WHICH WILL TAKE ITS OWN TIME. Means one should have enough funds equal to withdrawal. They will reveal this “Special condition” ONLY when the withdrawal process starts. At this point every client will reach the status of mental breakdown. And will admit their defeat and acknowledge their stupidity and loose their hard earned life savings. The only intention the so called brokers in Razermarkets have to cheat / deceive the vulnarable clients as much as they can and start hunting new victims. They write / say KYC (Know Your Client) is their motive, so to serve the clients. But my experience confirms that they mean Keep Your Client alive til the end. My advice:
KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS
alex
Please don’t expect any kind of good service from Razarmarkets, the company is setup to lure and separate unsuspecting victims from their investments.
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