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Raynar Trade
China|2-5 years| https://rtradem.com/raynar/en/index.php
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No valid regulatory information, please be aware of the risk!
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Raynar Trade
Raynar Trade
China
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Raynar Trade · Company Summary
| Aspect | Information |
| Company Name | Raynar Trade |
| Registered Country/Area | China |
| Founded Year | 1-2 years |
| Regulation | Not Regulated |
| Account Types | N/A |
| Demo Account | N/A |
| Customer Support | N/A |
What is Orient？
Raynar Trade is an online forex trading platform. However, there's limited information available and a review site raises concerns about its legitimacy, mentioning withdrawal issues. Meanwhile, the official website of Orient, http://www.dfzb8.com, is currently encountering functionality problems.
Pros & Cons
| Pros | Cons |
| N/A | Fraudulent Activity |
| Unregulated | |
| No customer support |
Pros:
N/A
Cons:
Fraudulent Activity: Reviews raise serious concerns about Raynar Trade's practices. Clients have reported difficulty withdrawing funds, with the company allegedly demanding an additional 20% before releasing them. This behavior is a hallmark of fraudulent schemes and undermines trust in the financial system.
Unregulated Platform: Raynar Trade reportedly lacks regulatory oversight. Financial regulators exist to protect consumers and ensure fair practices. Without this oversight, traders have limited recourse if they encounter problems.
No Transparency on Customer Support: There is no information available regarding Raynar Trade's customer support options. Having reliable and accessible customer support is crucial for any financial platform.
Exposure
Raynar's scheme to extort clients by demanding an additional 20% in exchange for releasing their funds during withdrawals is a clear case of fraudulent behavior. Such actions undermine the integrity of international trade and financial transactions.
Moreover, the limited ability to provide proof of refusal to allow withdrawals further exacerbates the issue, as it hampers efforts to hold perpetrators accountable.
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Conclusion
While Raynar Trade offers the potential to trade forex online, there are significant disadvantages that outweigh any possible benefits. The platform is unregulated, which means there's no guarantee of fair practices or protection for your funds. Even more concerning are reports of withdrawal issues. With no clear advantages and potentially fraudulent activity, it's best to avoid Raynar Trade altogether.
Frequently Asked Questions (FAQs)
Q: Is Raynar Trade a legitimate forex trading platform？
A: There are reasons for caution regarding Raynar Trade's legitimacy. Reviews suggest withdrawal difficulties, and the platform reportedly lacks regulation.
Q: What are the potential risks of using Raynar Trade？
A: The biggest concerns involve potential fraud and a lack of consumer protection.
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