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Does Raj Forex Trade allow scalping?
Nitin Panjabi
Algeria
Sep 06, 2022
ANSWER Raj Forex Trade is not a licensed or regulated broker even though it states offers that look good to be true. Raj Forex Trade presents no details of its regulations and only shows its company address is in the United Kingdom.As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA but only found this firm had already been warned by FCA for providing financial services without authorization and regulation. You can check the full warning from here.The truth is, Raj Forex Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Raj Forex Trade and trade with licensed brokers.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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