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Contract reading

What Raze Markets legally published, but does not want you to read

Every clause below is published by Raze Markets itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Raze Global Markets Ltd

marketing mismatchsole discretionbonus lockcomplaintsdeemed acceptancehidden feeleverageprofit voidingaccount tiersclient money

Raze Markets publishes 11 legal documents, and the contract inside them takes back much of what the website promises. Clause 25.1 says money you send stops being yours, and if the firm fails you queue as an ordinary creditor. Clause 26.2 makes you give up complaining to any regulator outside Saint Lucia. The advertised 1:1000 leverage is capped at 500:1 by the execution policy, and accounts on 1,000:1 are barred from the deposit bonus the same page sells.

Back to Raze Markets

Contract risk

Money at risk
8.7/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
10
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
14
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
19
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
9

How the 14 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical10
Warning4
Notice0

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical500In the contract. Jump to the clause this comes from.Advertised 1:1000 leverage is capped at 500:1Critical1000Bonus requirement. Jump to the clause this comes from.The advertised leverage cancels the advertised bonusCritical3%Fee you were not shown. Jump to the clause this comes from.A 3% deposit fee under a no fees promiseCritical3 working daysTime to complain. Jump to the clause this comes from.Twenty four hours to challenge a statement

What the documents say

14 clauses worth knowing about, worst first, each quoted from Raze Markets's own files

01

Money you send Raze Markets becomes the firm's own property under clause 25.1, and you keep no ownership claim over it. If the firm fails, clause 25.1.4 puts you in the queue as a general creditor.

Why this matters

You are lending Raze Markets your deposit, not placing it somewhere safe. If the firm goes under, your balance is not ring fenced and you recover only what is left after secured creditors are paid.

Exhibit 1CriticalRarely seen

any money you transfer to us is a transfer of full ownership of the money to us for the purpose of securing or covering your present, future, actual, contingent or prospective obligations to us.
Clause 25.1.1 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.24
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026The claim, on Conflicts of Interest Policy, segregation of company assets from clients' assetsVisit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026What the contract says, clause 25.1.4Visit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026Money you deposit stops belonging to you (clause 25.1.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC must hold retail client money in segregated accounts, and taking full ownership of a retail client's cash this way is not open to them. This contract states that title to your money passes to the company.

Raze Markets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingThis is a title transfer arrangement, a device borrowed from institutional collateral deals. Pointed at a retail balance it turns your cash into a debt the firm owes you, and two other Raze Markets documents say the opposite about insolvency.

  • Worse together with Exhibit 9One clause says your deposit is no longer yours, the other makes you pay a negative balance, so money moves in one direction only.
02

Clause 26.2 makes you give up the right to complain about Raze Markets to any regulator outside Saint Lucia. The legal page advertises a South African FSCA licence, and this clause closes the FSCA to you as well.

Why this matters

If Raze Markets refuses your withdrawal, your route is the firm's own compliance officer and then a Saint Lucia body. Your home regulator is shut to you by the contract you accepted at signup.

Exhibit 2CriticalRarely seen

You waive your right to submit any complaints to any regulatory authorities/bodies outside of Saint Lucia.
Clause 26.2 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.24
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026You sign away complaints to every regulator but one (clause 26.2)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), FSCA (South Africa)

Firms licensed by the FCA, CySEC and the FSCA must tell retail clients how to escalate a complaint to an independent scheme, and they cannot contract that route away. This agreement removes it and names no external body.

Raze Markets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingContracts normally route you to arbitration or a named court. A blanket waiver of the right to approach any regulator anywhere else is unusual, and it removes the one route that costs a client nothing.

  • Worse together with Exhibit 7A 24 hour window to object, and then no regulator to appeal to, leaves the firm as the only judge of its own trade.
03

Raze Markets sells 1:1000 leverage in English and in Arabic. The Fair Execution Policy caps you at 500:1, then drops that to 200:1 once your balance passes $50,000 and 100:1 above $200,000.

Why this matters

You pick an account on a headline number the contract will not give you. Fund the $50,000 Premium account expecting 1:500 and the policy allows 200:1, so your buying power is under half what the page promised.

Exhibit 3CriticalHarder than usual500

Clients at Raze Global Markets Ltd can select their preferred leverage rate, up to a maximum of 500:1.
Quoted in Raze Global Markets Ltd. Fair Execution Policy, p.3
Read from the broker's site on Open the reference
Our own capture of razemarkets.com, taken on Aug 24, 2026The claim, on Arabic home page, leverage promise beside the EUR/USD chartVisit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 4Choosing the advertised 1,000:1 leverage also disqualifies you from the deposit bonus the same page sells.
04

Raze Markets promotes 1:1000 leverage and a 50% deposit bonus on the same account card. Clause 2.2 of the bonus terms bars accounts on 1,000:1 from every credit promotion, including that bonus.

Why this matters

You cannot take both offers, and nothing on the account page says so. Choose the leverage the page advertises and the bonus you were promised never arrives.

Exhibit 4CriticalHarder than usual1000

Accounts with leverage ratios of 1,000:1 are not eligible for any credit type promotion, including this Deposit Bonus promotion.
Clause 2.2 in Deposit Bonus Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of razemarkets.com, taken on Aug 24, 2026The advertised leverage cancels the advertised bonus (clause 2.2)Visit this page on the broker's siteDownload the full size image file
  • Same clause as Exhibit 6Both limits sit on the bonus terms page the promotion links to in small print.
05

Deposit in any currency other than your account currency and Raze Markets deducts 3% of it automatically. The deposit page answers the question about deposit and withdrawal fees with a flat no.

Why this matters

You lose 3% of your money before your first trade, and the page you were sent to to fund the account told you there was nothing to pay. A returned deposit costs you a further USD$50.

Exhibit 5CriticalHarder than usual3%

Should you make a deposit in another currency we will automatically convert it to your Base Currency at the then prevailing exchange rate and we will charge a fee of 3% of the deposit amount which we will automatically deduct.
Clause Appendix A, 2(a) Funding in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.33
Read from the broker's site on Open the reference
Our own capture of razemarkets.com, taken on Aug 24, 2026The claim, on Deposits and withdrawals FAQ on the deposit methods pageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026What the contract says, clause Appendix A, 2(a) FundingVisit this page on the broker's siteDownload the full size image file
Our own capture of razemarkets.com, taken on Aug 24, 2026The claim, on Arabic home page, payment options blockVisit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026What the contract says, clause Appendix A, 3(e) Inactivity FeesVisit this page on the broker's siteDownload the full size image file

What it costsDeposit $1,000 in euros into a dollar account and $30 goes on the conversion fee. You start trading with $970.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before they trade, where the client can find them. Here the 3% sits on page 33 of a 48 page contract while the funding page states there are no extra charges.

Raze Markets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Raze Markets advertises 1:1000 leverage that its own execution policy caps at 500:1

The Fair Execution Policy limits every Raze Markets client to 500:1, and to 200:1 above $50,000, while the English account cards and the Arabic home page both sell 1:1000. Negative balance protection appears on every account tier, and clause 29.3 ranks the appendix granting it below the clause that makes you pay a negative balance. The Arabic page also promises to double a deposit the English bonus terms cap at $500 of credit.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Language arbitrage1 clause flagged

Every account card lists negative balance protection, and Appendix A does grant it. Clause 16.1 makes any negative balance payable to Raze Markets immediately, and clause 29.3 ranks the Terms above Appendix A when the two conflict.

Why this matters

The protection you were sold sits in the document the contract says loses. Raze Markets can also refuse to cover a negative balance whenever it judges the loss came from abuse, and the cover never extends to commissions or swaps.

Exhibit 9CriticalHarder than usual

All payments to be made by you under the Agreement or as required by Applicable Regulations, including any amount by which your account is in debit or subject to any negative balance, are due and payable to us immediately in full.
Clause 16.1 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.14
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026Negative balance protection ranks below the clause that overrides it (clause 16.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of razemarkets.com, taken on Aug 24, 2026The claim, on Listed as a benefit of the Starter account on the accounts comparison pageVisit this page on the broker's siteDownload the full size image file
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC must give retail clients negative balance protection that cannot be withdrawn at the firm's discretion. Here the protection is granted in an appendix that a precedence clause subordinates to the term making you pay.

Raze Markets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A potential dispute is enough for Raze Markets to keep your money

Clause 16.5.4 lets Raze Markets withhold payment over an unresolved or potential dispute, and clause 16.10 adds a hold on suspicion with no deadline attached. Funds return only to the source they came from, and the first crypto address you use is whitelisted permanently. The Deposits and Withdrawals Policy promises processing in 24 hours in one paragraph and 3 to 5 business days in another.

Exit conditions1 clause flagged

Clause 16.5.4 lets Raze Markets keep your money while there is an unresolved dispute or even a potential dispute between you. Clause 16.10 adds a hold on suspicion alone, with no deadline on the investigation.

Why this matters

The firm decides when a dispute is potential, and no clause makes it finish looking. The bonus page meanwhile promises withdrawals whenever you want them.

Exhibit 10CriticalHarder than usual

there is an unresolved dispute or a potential dispute between us and you in relation to the Agreement, including where you are in breach of these Terms; or
Clause 16.5.4 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.15
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Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026A potential dispute is enough to hold your withdrawal (clause 16.5.4)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Clause 22.3.3 voids the trades you won and leaves the ones you lost

Where Raze Markets suspects market abuse, clause 22.3.3 treats as void every trade on which you secured a profit unless you prove your innocence within 30 days. Clause 5.3 lets the firm withdraw any profits it deems inappropriately gained at its sole discretion. Clause 7.18 adds cancellation of profits made through scalping, arbitrage or artificial intelligence, without prior notice, and defines none of those terms.

Asymmetric reversal1 clause flagged

Where Raze Markets suspects market abuse, clause 22.3.3 lets it treat as void every trade on which you made a profit. Your losing trades stand, and you have 30 days to prove your innocence.

Why this matters

Suspicion alone reverses your gains while your losses stay on the account. The contract puts the burden on you to produce conclusive evidence, and Raze Markets decides what counts as conclusive.

Exhibit 8CriticalHarder than usual30 days

treat all your Trades as void if they are Trades under which you have secured a profit, unless you provide us with conclusive evidence to our satisfaction within thirty (30) days that you are not in breach of any of the representations and warranties at clause 22.2.
Clause 22.3.3 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.21
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026Only your winning trades can be voided (clause 22.3.3)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 10Your profit can be voided while the same suspicion holds the withdrawal that would have paid it out.

The bonus terms exclude the leverage and the accounts Raze Markets advertises

Clause 2.2 of the Raze Markets bonus terms bars accounts on 1,000:1 leverage from every credit promotion, the same 1:1000 the account cards sell beside the bonus. Clause 5.2 caps all credit at $20,000 while the VIP tier advertises $100,000, and clause 5(a) caps first deposit credit at $500. Withdraw your own money and clause 9 removes a matching share of the credit.

Credit that cancels itself1 clause flagged

The account page offers a $100,000 bonus on a VIP deposit and $25,000 on a Premium one. Clause 5.2 of the bonus terms caps all credit at $20,000, and clause 5(a) caps your first deposit credit at $500.

Why this matters

The bonus figure printed beside every account tier cannot be paid under the terms that govern it. Withdraw any of your own money afterwards and clause 9 claws a matching slice of the credit back.

Exhibit 6CriticalHarder than usual$20000

50% of first deposit, up to $500 credit (base currency)
Clause 5(a) in Deposit Bonus Terms & Conditions
Read from the broker's site on Open the reference
Our own capture of razemarkets.com, taken on Aug 24, 2026The claim, on Deposit bonus landing page, main offer statementVisit this page on the broker's siteDownload the full size image file
Our own capture of razemarkets.com, taken on Aug 24, 2026What the contract says, clause 5(a)Visit this page on the broker's siteDownload the full size image file

What it costsThe VIP tier advertises $200,000 in and a $100,000 bonus. Clause 5.2 caps credit at $20,000, so $80,000 of the advertised bonus cannot exist.

Every complaint route out of Saint Lucia is closed by clause 26.2

Clause 26.2 makes you waive complaints to any regulator outside Saint Lucia, including the South African FSCA whose licence Raze Markets advertises. You then have three business days under clause 14.2 to dispute a statement, or 24 hours according to the Risk Disclosure, and silence counts as agreement. The Complaint Handling Policy allows the firm up to 60 business days to answer and names no independent body afterwards.

Exit from a dispute1 clause flagged

You get three business days to dispute a statement under clause 14.2, and staying quiet counts as agreement. The Risk Disclosure sets the same duty at 24 hours, so the two documents disagree about your deadline.

Why this matters

Miss the shorter of the two windows and a wrong trade or a wrong fee becomes final. You are held to a deadline the firm's own documents cannot state consistently.

Exhibit 7CriticalHarder than usual3 working days

You will be deemed to have acknowledged and agreed with the content of any Statement that we make available to you unless you notify us to the contrary in writing within three (3) Business Days of the date on which such Statement was given in accordance with clause 27.2.
Clause 14.2 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.14
Read from the broker's site on Open the reference
Our own capture of cdn.prod.website-files.com, taken on Aug 24, 2026Twenty four hours to challenge a statement (clause 14.2)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Raze Markets can rewrite the agreement and your silence accepts it

Clause 28.2 gives you 10 days to object to any amendment, and objecting obliges you to terminate the agreement and close every open position. Fees change on three days' notice under clause 15.2, and spreads change immediately. The swap free terms can be altered or ended at any time without prior notice.

Changing the deal1 clause flagged

Raze Markets can change the agreement at any time, and your silence for 10 days counts as acceptance. Object and clause 28.2 requires you to terminate instead.

Why this matters

Your only answer to a term you dislike is to leave, which closes every open position. Fees move on three days' notice, and spreads and margin requirements change with immediate effect.

Exhibit 13WarningHarder than usual10 days

you will be deemed to accept and agree to any amendments to the Agreement unless you notify us to the contrary within ten (10) days of the date our notice was given in accordance with clause 27.2. If you do object to the notice, the amendment will not be binding on you, but you will be required to terminate the Agreement under clause 28.4.
Clause 28.2 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.26
Read from the broker's site on Open the reference

The Raze Markets contract states both that it is and is not your counterparty

Clause 3.2 makes Raze Markets the counterparty to all of your trades. Clause 7.1 says it acts as an intermediary and is not a direct counterparty, and the Fair Execution Policy says it may keep the trade risk or pass it on. The six page Conflicts of Interest Policy never mentions dealing on its own account, which is the conflict that decides whether the firm gains when you lose.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who you trade against1 clause flagged

Clause 3.2 says Raze Markets is the counterparty to all of your trades. Clause 7.1 of the same contract says it acts as an intermediary and is not a direct counterparty.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

You cannot tell whether the firm profits when you lose. The Conflicts of Interest Policy runs to six pages and never once mentions that Raze Markets may take the other side of your trade.

Exhibit 12WarningHarder than usual

We will deal with you as principal under the Agreement and not as agent on your behalf. This means that any Trades are agreed directly between you and us and we will be the counterparty to all of your Trades.
Clause 3.2 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.3
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose plainly when they deal on their own account against a client, because it is the conflict that matters most to a retail trader. This contract asserts both positions and the conflicts policy addresses neither.

Raze Markets is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Raze Markets charges US$30 a month after 100 quiet days

Appendix A treats your account as inactive after 100 days without a live trade or an open position, then allows a US$30 monthly fee plus any other applicable fees. No deposit page, account page or fee summary mentions it. Nothing in the clause stops the charge as the balance falls.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Stop trading for 100 days and Raze Markets can charge you US$30 every month, plus any other fees it applies. No deposit or account page mentions this.

Why this matters

A small account left alone quietly drains. Nothing in the clause stops the charge when your balance runs low, and activity means placing a live trade or holding an open position.

Exhibit 11WarningHarder than usual$30

Where no live trading activity has occurred on your trading Account for a period of one hundred (100) days or more, your Account will be deemed inactive and we reserve the right to charge a monthly inactivity fee of US$30 (or equivalent in your base currency) to any inactive Account(s), along with any additional applicable fees.
Clause Appendix A, 3(e) Inactivity Fees in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.35
Read from the broker's site on Open the reference

What it costsLeave an account untouched for a year past the 100 day mark and the monthly fee takes $360.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 100Your account is treated as inactive.Appendix A, 3(e)
Each month afterRaze Markets can take US$30 a month, plus any other applicable fees.Appendix A, 3(e)

Raze Markets takes ownership of your deposit and leaves you as a creditor

Clause 25.1 of the Raze Markets client terms transfers full ownership of your deposit to the company, and clause 25.1.4 makes you a general creditor if it becomes insolvent. Two other Raze Markets documents, the Conflicts of Interest Policy and the Risk Disclosure, tell you your assets are segregated and protected. The contract also gives the company three different registration numbers, and the FSCA licence on its legal page belongs to a different company.

Whose money is it1 clause flagged

Clause 1.1 registers Raze Global Markets Ltd in Saint Lucia as 00261, the site footer says 2023-00261, and the bonus terms name Raze Global Markets Limited with Reg. No. 700271. The FSCA licence on the legal page belongs to a separate South African company.

Why this matters

You cannot identify from these documents which company holds your money or which licence, if any, covers it. The entity you contract with is the Saint Lucia one, and it is not the entity named on the FSCA licence.

Exhibit 14WarningHarder than usual

is incorporated and registered in Saint Lucia with registration number 00261
Clause 1.1 in Raze Global Markets Ltd. Client Terms and Conditions (St. Lucia), p.1
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The Arabic page sells double the leverage the English execution policy allows.

Said in public, in Arabic

تداول برافعة مالية تصل إلى 1:1000

Word for word in English: Trade with leverage up to 1:1000

Arabic home page, leverage promise beside the EUR/USD chart

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

In the contract

Clients at Raze Global Markets Ltd can select their preferred leverage rate, up to a maximum of 500:1.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

02

The account tier advertises 1:1000 while the execution policy caps every client at 500:1.

Said in public, in English

Leverage: Up to 1:1000

Trader account card on the accounts comparison page

In the contract

Clients at Raze Global Markets Ltd can select their preferred leverage rate, up to a maximum of 500:1.

03

The promotion implies 50% across a $5,000 deposit while its own terms cap first deposit credit at $500.

Said in public, in English

Earn a massive 50% bonus on your first deposit up to $5,000, plus 20% on second deposits.

Deposit bonus landing page, main offer statement

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

In the contract · clause 5(a)

50% of first deposit, up to $500 credit (base currency)

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

04

The Arabic page promises to double a $5,000 deposit while the English terms cap the first deposit credit at $500.

Said in public, in Arabic

قم بإيداع أولي يصل إلى 5,000 دولار، وسنضاعفه لمنحك رأس مال أكبر، تداولات أكثر، ونتائج أفضل.

Word for word in English: Make an initial deposit of up to $5,000 and we will double it to give you more capital, more trades, and better results.

Arabic home page, under the heading 100% deposit bonus

In the contract · clause 5(a)

50% of first deposit, up to $500 credit (base currency)

05

One policy promises legal segregation in bankruptcy while the contract makes you a general creditor.

Said in public, in English

Additionally, the Company ensures the legal segregation of clients’ assets from its own assets in the event of the Company's bankruptcy.

Conflicts of Interest Policy, segregation of company assets from clients' assets

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

In the contract · clause 25.1.4

in the event of our insolvency, you will rank as a general creditor of ours in relation to such money.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

06

The funding page denies any charges while the fee schedule takes 3% of a converted deposit.

Said in public, in English

No, there are no extra charges incurred for deposits and withdrawals.

Deposits and withdrawals FAQ on the deposit methods page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

In the contract · clause Appendix A, 2(a) Funding

Should you make a deposit in another currency we will automatically convert it to your Base Currency at the then prevailing exchange rate and we will charge a fee of 3% of the deposit amount which we will automatically deduct.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

07

The Arabic page promises no hidden commissions above a fee schedule carrying a US$30 monthly charge.

Said in public, in Arabic

0% عمولة. احتفظ بالمال الذي تكسبه بدون عمولات مخفية.

Word for word in English: 0% commission. Keep the money you earn with no hidden commissions.

Arabic home page, payment options block

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

In the contract · clause Appendix A, 3(e) Inactivity Fees

Where no live trading activity has occurred on your trading Account for a period of one hundred (100) days or more, your Account will be deemed inactive and we reserve the right to charge a monthly inactivity fee of US$30 (or equivalent in your base currency) to any inactive Account(s), along with any additional applicable fees.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

08

The account page sells protection against owing money while the risk disclosure says the debt must be cleared.

Said in public, in English

Negative Balance Protection

Listed as a benefit of the Starter account on the accounts comparison page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of razemarkets.com

In the contract

Adverse movements in the underlying market may lead to the loss of the entirety of your deposit and possibly more, resulting in your account being in debt, which will need to be cleared as per our Terms and Conditions.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of cdn.prod.website-files.com

09

Withdrawals are promised at any time while the contract withholds them over a merely potential dispute.

Said in public, in English

Our anytime-withdrawal approach gives you access you deserve to returns you’ve earned

Deposit bonus page, withdrawal promise

In the contract · clause 16.5.4

there is an unresolved dispute or a potential dispute between us and you in relation to the Agreement, including where you are in breach of these Terms; or

The documents this reading is based on

19 files, all published by Raze Markets. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Raze Markets publishes.

How this reading was done

Every clause above was read out of a document Raze Markets publishes itself

This reading was published on .

Documents
15 of 19downloaded from the broker's site, and 15 read in full
Pages opened
80pages walked to find those documents, footer links included
Older copies
4earlier versions downloaded
Marketing pages
3public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in

Who the contract is with

Raze Global Markets Ltd

You contract with Raze Global Markets Ltd, a Saint Lucia company at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet. Its own documents give it three different registration numbers: clause 1.1 of the client terms says 00261, the website footer says 2023-00261, and the bonus terms name Raze Global Markets Limited with Reg. No. 700271. The FSCA licence 53229 advertised on the legal page belongs to a different company, Raze Markets South Africa (Pty) Ltd, and no document makes that company a party to your agreement. No compensation or investor protection scheme is named anywhere.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Raze Markets puts all 11 legal documents on one page, free to download, with no login. Appendix A prints real figures rather than vague warnings: 3%, US$30, USD$50. It also defines negative balance protection and works a numbered example through it. The Complaint Handling Policy names deadlines of 7, 30 and 60 business days and includes the complaint form itself. The Fair Execution Policy states that slippage settings are not tilted against the client, and it publishes the leverage bands.

None of the 11 legal documents came with the downloaded set. We found them ourselves on the broker's legal page at razemarkets.com/legal-regulations and read all 11 there, so every quotation credited to them comes from those files. We read the Cookie Declaration only in part. The bonus page links a separate set of documents dated November 2024 on secure.razemarkets.com, and that address never answered, so we could not open any of them or compare them with the July 2024 set. No earlier copy of any of the 11 documents exists anywhere we could reach, so we cannot say when a clause was added. The spreads, swap rates and the Contract Specifications the contract keeps pointing to sit inside the client portal, which needs a funded account, so we did not check them. We compared the English and Arabic pages only. Because these documents were not part of the pre-counted set, we did not measure how deep each clause sits and give page numbers instead.

How to check any of this yourself

Every quote above links to the Raze Markets file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Raze Markets publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Raze Markets on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 24, 2026.

If you represent Raze Markets and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Raze Markets. Whether its licence is real and current is a separate check on the broker profile.

Back to the Raze Markets profile