Raynar Trade Review – The Discrepancies to Look out for

Raynar Trade Review

Who hasn’t heard about the promising opportunities in the forex, stocks and other financial markets? People have been known to make fortunes in these markets for years and others are also interested in doing the same, but a lot of people are apprehensive because of the scams that are also quite commonplace in this space.

While online trading has offered convenience, it has provided fraudsters with a new window to exploit people and you do not want to add yourself to this list. Where does this Raynar Trade review help?

If you do not want to become a victim of a scam and do not want to let it stop you from trading, you need to get to know how these operate.

Once you understand their tricks, you will be better prepared and the likelihood of falling for them will be extremely low. The most important thing to remember is that these fraudsters may try to disguise their true nature, but cannot hide it if you are thorough enough to take their story apart.

They may sound appealing, with all the right features and services that traders are looking for, but it never hurts to verify the details. No matter how eager you are to get started, taking some time to check the details of a company is never a bad idea when it saves you from losing your money to a fraudulent platform.

All you have to do is focus on their claims and confirm that they are capable of delivering everything they say. If they are a fraud, their discrepancies will make it evident and you will be able to make a well-informed decision.

It is how you can deal with Raynar Trade when you come across this forex and CFD brokerage. You should go through their claims and the actual offerings to ensure there are no discrepancies.

In this way, you can opt for the right brokerage for your trading journey and achieve your financial goals. It is good that you do so because you will find out that Raynar Trade is not telling you a lot of things. There are plenty of discrepancies and they are outlined as follows:

No regulation

If there is one thing common amongst all top and leading brokerages in the industry, it is that they are all regulated and licensed. After all, this is the only way these companies have to prove that they are actually safe to use and can offer quality services because people are very apprehensive due to online scammers.

Therefore, the first thing you should verify when you are looking for a broker is their licensing and regulation and this is the first problem that you will find in Raynar Trade because there does not seem to be any mention of regulation.

This is a very important subject for every brokerage, but Raynar Trade has failed to mention it even once. This lack of license automatically implies that the broker is operating from an offshore region and this does not help its credibility at all.

Such entities can be incredibly dangerous because they are not governed by any laws or rules, which means they can exploit you by implementing whatever policies they like and you will not be able to do anything about it.

Moreover, they can also up and disappear and there will be no accountability because there is no regulation. This makes it a very unsafe choice.

No legal documentation

Before you decide to open a trading account with any brokerage, it is a good idea to check what kind of Terms and Conditions they have. These are important because they outline what kind of policies you will have to comply with, the rules you will need to follow and the costs the company will charge.

They essentially dictate the terms of the relationship you have with the broker, so knowing them before you agree with them is necessary. You will be required to accept them when you open an account, so understanding the details beforehand ensures there are no surprises later.

But, it turns out that Raynar Trade does not bother providing its Terms and Conditions at all. You can scour through the broker’s website and find absolutely no legal documentation available, which is not something a legitimate company would ever do.

This means that you have to accept their terms without reading through them and this makes the broker very dangerous because it can later implement any policy and you will have to comply.

High leverage ratios

Leverage is one of the most vital offerings of any online broker because it determines just how flexible you can be during trading.

Sometimes you want to make big trades, but you don’t have the capital to do so and this is where leverage can be helpful. But, you should remember that leverage is also very risky because if the trade does not go in your favor, it results in hefty losses.

It is because of this that regulatory authorities in a number of countries require brokers to restrict the amount of leverage they offer to retail traders.

A look at Raynar Trade shows that it is not following any rules at all because the ratios go as high as 1:500. These are extremely dangerous and should not be considered a good thing because they can result in losses too.

No chargeback possible

Another major problem that you will come across at Raynar Trade is with its payment methods that do not incite trust in the company at all. This is because it only supports two payment methods, which are bank wire transfers and Tether (USDT) deposits.

Both of these options do not give you the option of filing for a chargeback if there is a scam and these payments are irreversible. This means that once you have deposited, your money will be gone if the broker turns out to be a fraud.

Wrapping Up

Put all of these discrepancies together and you will see a clear picture of how Raynar Trade is nothing more than a fraudulent company.