Is RaiseFX Legit in South Africa?
What is known about RaiseFX's regulation, ownership and how to assess it before you deposit.
Open RaiseFX Account →RaiseFX is operated by Raise Global SA (Pty) Ltd and is registered with South Africa's FSCA under FSP licence 50506, so it is a regulated entity. It is a relatively young broker (founded 2021); the FSCA is a legitimate regulator, though its CFD oversight is lighter than tier-1 regulators.
RaiseFX regulation and background
- RaiseFX is operated by Raise Global SA (Pty) Ltd and is registered with South Africa's Financial Sector Conduct Authority (FSCA), FSP licence number 50506.
- The company was established in 2021, making it a relatively young broker with a limited independent track record.
- The FSCA is a legitimate national regulator, but note that it does not publish the domain names of its licensees, and its CFD oversight is lighter than tier-1 regulators — so do your own checks.
- As with any CFD broker, verify current terms, test withdrawals with a small amount first, and only deposit what you can afford to lose.
- CFDs are complex, high-risk instruments; regulation reduces but does not remove the risk of losing money.
Frequently asked questions
Is RaiseFX legit?
RaiseFX is FSCA-registered as Raise Global SA (Pty) Ltd under FSP 50506, making it a regulated broker, though a relatively young one.
What is RaiseFX's FSCA licence number?
RaiseFX operates under FSCA FSP licence number 50506.
How can I check a broker before depositing?
Verify current terms, start with a small deposit, test a withdrawal, and only trade money you can afford to lose.