Is Razor Markets a reliable trading platform?

https://www.razormarkets.co.za/

Dear Investor,

Based on our investigation, Razor Markets does not appear to be fully reliable, as its affiliated company lacks verifiable broker licensing.

Firstly, Razor Markets claims that its entity, Razor Markets (Pty) Ltd, is a duly appointed Juristic Representative of Sithundhi Group (Pty) Ltd, which is regulated by the Financial Sector Conduct Authority (FSCA) under FSP No. 52030. We have verified that this license number indeed belongs to Sithundhi Group (Pty) Ltd. However, the FSCA registry does not list its operating domain or its representative status. As such, we cannot confirm the validity of the claimed relationship between the two entities.

Secondly, Razor Markets states that its trading platform enables clients to engage in derivative trading with products issued by RocketX (Pty) Ltd, which holds FSCA license number 52142. While we can confirm that RocketX (Pty) Ltd is licensed, the FSCA records do not establish any official link between RocketX and the Razor Markets platform.

Most notably, Razor Markets (Pty) Ltd itself does not appear in the FSCA’s public register of authorized financial services providers. Without direct regulatory oversight or transparent affiliations, the platform remains highly suspect.

Given these findings, we consider Razor Markets to pose a significant risk. We strongly advise you to avoid conducting any transactions with this platform until its regulatory standing can be independently and thoroughly verified.