Razer Markets Review: A Comprehensive Overview

Razer Markets is an offshore brokerage claiming to assist you in achieving your financial goals “efficiently and effectively.” However, the only efficient and effective thing we have seen is the broker stealing your money. Everything else is under a giant question mark. Read our Razer Markets review and see what other traders and regulators say about this illicit operation.

Razer Markets Regulations and Security

Razer Markets is owned by RAZERMARKETS LTD from the Marshall Islands. This offshore country has a very loose regulator, GLOFSA, and we are not surprised to see that Razer Markets regulation doesn’t exist, and this broker is yet another scam. If you’re wondering whether your funds are safe with such a company, we can immediately say – NO!

Beware of Razer Markets scams and consider investing with Tier1 regulated brokers with a license coming from FCA, ASIC, BaFin, etc.

Razer Markets Warnings From Financial Regulators

Several European regulatory bodies have blacklisted Razer Markets. The first one that put it on the red list was the UK FCA, stating this broker is providing unregulated financial services.

This warning was followed by the one from the Italian CONSOB.

As the last, we’ve got a warning from Portuguese CMVM, with the same allegations.

Fund Withdrawal Issues

Not surprisingly, clients have reported numerous withdrawal issues with Razer Markets broker. Of course, since the company is unregulated and based offshore, they do not feel obligated to pay out investors and keep their business clean. Many will shut down the website once there are too many complaints and disappear or open a company in a new offshore country.

Never invest with shady companies since the outcome will not be as you expect. Offshore brokers tend to block client’s access to their accounts and pretend there was never an investment. And proving otherwise is difficult since there is no regulator to follow activities of any of the sides.

Beware of the RAZERMARKETS LTD scam and similar brokers such as Nekstra, TNFX, and IQCent.

Traders Opinion

According to many of the Razer Markets reviews, this brokerage doesn’t care too much about clients. Their utmost goal is to extort money, one way or another. For example, if a client started with a minimum deposit of 500 EUR, they will be prompted to upgrade to a higher account since they would get better conditions and better service. Yet, once you give away thousands and want a payout, your account will be blocked and you won’t be able to reach the broker again.

How Does Online Trading Scam Work?

 Usually, scam brokers start their scams by publishing unrealistic trading ads all over social media. If you just hook up and open this ad, you will be required to give your personal details to receive more information. An inexperienced client would expect an email, while those who know how this industry functions are already prepared for many phone calls and persuasion.

Once you fall for it and invest the minimum, you will not be left alone until all your money is gone. Beware of offshore scammers such as Razer Markets.

Scammed by Razer Markets?

If you were scammed by Razer Markets, let us know immediately. Our support team will assist you with filing a dispute and requesting a chargeback.

But what is a chargeback?

If you are a victim of online fraud, your bank can retrieve the funds from the merchant. Yet, it’s not a straightforward process, and the best would be to have help from specialists. Our staff is waiting for you on the online chat. We will book a free consultation and explain the entire process.