What is Raffles Market?
Raffles Market is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2020. It offers leverage up to 1:100, spreads from 0.1 pips and a minimum deposit of $50. Clients trade on MetaTrader4 for Windows, iOS, and Android and on mobile.
Raffles Market is an online trading broker that trades on Forex, Stocks, Indices, Commodities, Stocks, and Cryptocurrencies. This broker is based on the MetaTrader4 platform. MetaTrader4 is one of the most popular trading platforms all around the globe. This broker has MT4 trading software for Android, iOS, and Windows. This broker provides social trading service.
Raffles Market has three types of live trading accounts. These accounts are named Standard account, ECN account, and VIP account. All these accounts have different features. Again, there are so many features that are similar in all accounts. All the features of these three accounts are described here:-
- The Standard account:- This account has no minimum deposit requirement. Clients can deposit money just how big the amount they want it to be. This account has no commission or withdrawal fees. Swap-free account is available. This account has a fixed spread for CFD products. The maximum leverage on this account is up to 1:1000.
- The ECN account:- This account starts with $20,000 of minimum funding. This account has a spread starting from 0.1 pips. This account has a commission charge of $7 per trading lot. Swap-free is available on this account and the stop-out level is low.
- The VIP account:- The is account has a spread starting from 0.0 pips. This account gets free access to courses and strategy updates. This account is available with special features such as VPS,
All these accounts get instant access to leading markets. This broker is also providing PAMM trading services.
Is Raffles Market safe and regulated?
Raffles Market is regulated by Raffles Market LLC is licensed and regulated by The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Raffles Market account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $50 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Raffles Market provides MetaTrader4 for Windows, iOS, and Android. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Raffles Market supports 4 funding methods, including Bank Transfers, Credit card, E-Wallet, and Cryptos. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
Raffles Market bonus: <p>This broker is providing a 30% welcome deposit bonus</p>
How the promotion works
The current Raffles Market promotion is <p>This broker is providing a 30% welcome deposit bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Raffles Market website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Raffles Market pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- No Islamic account listed
How to open a Raffles Market account
- RegisterVisit the Raffles Market website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $50 with Bank Transfers, Credit card, E-Wallet or another method.
- Start tradingLog in to MetaTrader4 for Windows, iOS, and Android or the mobile app and set your risk per trade.
Is Raffles Market a good broker? Our verdict
Raffles Market suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.