RafflesMarket Review – Scam Report

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Know your options and recover your lost funds. File a complaint.

    Is Raffles Market legit?


    Raffles Market claims to be an internationally recognized broker offering services to over 19 countries. Raffles Market claims to offer Forex and CFD trading as well as cryptocurrency trading. What’s fascinating is that Raffles Market also claims to licensed in the United States.

    The truth however is that Raffles Market is an unverified, unlicensed Forex and crypto broker with a large amount of complaints against it. If you have deposited money with Raffles Market and you suspect that they are not being honest with you, it may be possible to get your money back. We’ll be shedding light on whether they’re a scam in the coming paragraphs.

    Many regulated brokers, unregulated companies and investment firms have been found to be scams. Under many circumstances there are avenues in place that are there to protect individuals and help them to get their money back.

    We can let you know how it’s possible to recover your money.


    Is Raffles Market a scam?

    Despite what any Raffles Market review has told you, Raffles Market is a confirmed scam. We don’t recommend trading with them. If you are already trading with Raffles Market we recommend you immediately cease depositing any amount of funds with them, in particular if they are asking for a fee to withdraw your money. DO NOT PAY IT.


    The Raffles Market Scam

    Raffles Market is an unlicensed company and has no accountability whatsoever, anyone who trades with Raffles Market is guaranteeing the loss of their funds.

    As more and more reports have been confirmed, it is abundantly clear that Raffles Market is a full blown Forex trading scam. In our experience if the broker is unlicensed and unregulated and it’s been proven to be a scam, there is no chance that the company will revert to offering legitimate services.

    Raffles Market is owned by the same individuals who own and operate EasyTradeMarkets, another scam Forex and crypto trading company.

    Scam Website: rafflesmarket.com 


    Is Raffles Market a regulated broker?

    Raffles Market is by no means regulated by any valid regulatory authority whatsoever. What’s worse is that Raffles Market claims to be regulated by the FSA (Grenadines Financial Services Authority). This in it of itself proves that Raffles Market is a scam.

    You can read more about what are considered to be valid regulators here.


    Should I trust an Offshore Broker?

    As a matter of practice, one should not trust offshore brokers. Practically all offshore brokers are either Forex trading scams or Crypto scams. In the event that there is an offshore broker that is honest would be the exception that proves the rule. The reason for this is because reliable regulatory bodies such as the FCA and ASIC will not give regulation to these companies. Offshore brokers therefor do not have anyone to hold them accountable. In most cases this is the reason that the company decided to register offshore in the first place.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 






    If Raffles Market has done anything similar to the below items, you are most likely being scammed by Raffles Market.


    Legal Signs of a Scam

    • The company or broker is not regulated.
    • The company or broker is regulated by a foreign regulatory body that is not trustworthy.
    • The company is regulated by CySEC. (this is not a sure sign that the company is a scam however many CySec regulated companies turned out to be scams)
    • The company has had its license suspended.

    Contact us by submitting your information in the form on the page. We’ll let you know as soon as possible how you can get your money back.


    Behavioral Signs of a Scam

    • The broker has been overly pushy in getting you to deposit your money.
    • The broker does not react positively when you ask for a withdrawal.
    • The broker does not allow you to withdraw your money.
    • The broker has offered you or pushed you to take a bonus.
    • The broker has logged into your personal computer.
    • The broker is charging you to withdraw your funds.
    • Trades have been placed without your consent.
    • The company withdrew funds from your account or charged your credit card without permission
    • The broker asked for a picture of the front and back of your credit card to be sent by email.
    • The broker asked for your government form of ID to be sent in an email or on the website.
    • The broker told you to place a trade and then you immediately after lost all or most of your money.

    Locations that scam brokers are often found in.

    If the broker that you’re dealing with is located in any of the below locations it is reason for concern, as these areas are notorious for hosting Raffles Markets as well as Crypto and Binary Options scams.

    • Let us know right away if
    • The broker is located in Saint Vincent and the Grenadines
    • The broker is located in Belize.
    • The broker is located in the Commonwealth of Dominica
    • The broker is located in the Cook Islands.
    • The broker is located in The Marshall Islands.
    • The broker is located in Mauritius.
    • The broker is located in Seychelles
    • The broker is located in Vanuatu.


    Know your rights and get your money back. By filling out your information, we’ll be able to advise you right away.

    If you are looking for a broker that you can trade with and feel safe because of regulatory protection, check out our latest review of Fortrade.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 







    Disclaimer: It is not always possible to recover lost funds. Many cases of recovery scams have been reported where the victim is guaranteed to get their money back. We can assess your case and advise you right away if it’s possible to recover your money.


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