Question 1

Is RaiseMyFunds beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

RaiseMyFunds has several beginner-friendly features, including unlimited trading periods, the ability to trade without restrictions, and support for multiple trading styles. The platform offers MT5, which is described as one of the most powerful platforms available. However, it's important to note that all accounts are demo accounts with fictitious funds for educational purposes. The 2-step challenge process (Challenge then Confirmation) may require trading experience, and the profit targets range from $500-$20,000 depending on account size. The platform also offers educational tools and resources, though detailed educational programs aren't specified.

Question 2

How much does it cost to start a challenge at RaiseMyFunds?

FXScope Intelligence Lab · Accepted Answer

The challenge fees vary by account size: $10,000 account costs €85 (reduced from €135), $25,000 account costs €225, $50,000 account costs €315, $100,000 account costs €499, and $200,000 account costs €990. The $10,000 challenge has an exclusive promotion at €85 for customers without an active $10,000 challenge. Step 2 (Confirmation) is free for all account sizes. The initial fee is refundable at the first payout or scale-up, according to the terms provided.

Question 3

What are the profit targets and loss limits for RaiseMyFunds challenges?

FXScope Intelligence Lab · Accepted Answer

For Step 1 (The Challenge): $10,000 account - $1,000 profit target, $500 daily loss limit, $1,000 maximum loss; $25,000 account - $2,500 profit target, $1,250 daily loss limit, $2,500 maximum loss; $50,000 account - $5,000 profit target, $2,500 daily loss limit, $5,000 maximum loss; $100,000 account - $10,000 profit target, $5,000 daily loss limit, $10,000 maximum loss; $200,000 account - $20,000 profit target, $10,000 daily loss limit, $20,000 maximum loss. For Step 2 (The Confirmation), profit targets are halved: $500, $1,250, $2,500, $5,000, and $10,000 respectively. All accounts have unlimited trading periods.

Question 4

How long does it take to get paid at RaiseMyFunds?

FXScope Intelligence Lab · Accepted Answer

RaiseMyFunds states that payout requests are processed within a maximum of three business days, with funds deposited into a virtual wallet. From there, traders can withdraw via bank transfer or cryptocurrency. Funded traders receive up to 90% of profits, starting at 85% and potentially increasing to 90% based on performance. The platform has reportedly paid out over $20 million to traders, indicating an established payout system.

Question 5

Is RaiseMyFunds regulated and safe to trade with?

FXScope Intelligence Lab · Accepted Answer

Yes, RaiseMyFunds is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50506. The company is operated by Raise Global SA (Pty) LTD (Company Number: 2018/616118/07), and Raise EU Services D.B. Limited in Cyprus acts as a paying agent. However, it's crucial to understand that all accounts provided are demo accounts with fictitious funds, and trading occurs in a simulated environment only. The company explicitly states it does not act as a broker and does not accept deposits. Regional restrictions apply to residents of the EU, Belgium, United States, North Korea, Singapore, Australia, and other specified regions.

Question 6

What trading platforms and assets are available at RaiseMyFunds?

FXScope Intelligence Lab · Accepted Answer

RaiseMyFunds offers the MT5 (MetaTrader 5) platform, which is described as one of the most powerful and rare platforms in the prop firm market. The platform supports trading 500+ assets across multiple categories including forex, commodities, stocks, cryptocurrencies, and indices. All accounts have 1:100 professional leverage, unlimited trading periods, and no trading restrictions, allowing traders to apply their own trading styles. The platform emphasizes competitive trading conditions with low commissions and spreads.

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