RaiseFX vs SOOLIKE
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
✓37
41
Verdict
Guarded
Guarded
Regulatedⓘ
Yes
Yes
Licenses
1
1
Tier-1 regulatorsⓘ
0
0
Trustpilot score
3.9
—
Reviews collected
933
—
Exit riskⓘ lower = safer
Severe
—
Known clonesⓘ
2
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
$100
Max leverage
—
1:500
Min spread (best acct)
—
from 0
Commission
—
—
Cost grade
—
—
Account types
0
✓4
Best for
Suits
Traders who prioritize responsive customer support, Traders comfortable with crypto withdrawals, Short-term traders seeking fast execution and tight spreads
Traders seeking high leverage up to 1:500, Users who prefer the MT5 platform, South African residents with a local regulated broker
Not for
Traders concerned about withdrawal reliability, Traders who deposit via card and expect fiat withdrawals, Risk-averse traders wary of bonus scams and affiliate tactics
Traders requiring a long-established broker with a public track record, Those wanting regulation in a tier-1 jurisdiction (e.g., FCA, CySEC), High-volume traders who may find better spreads on ECN accounts elsewhere
Products & Funding
Instruments
—
FX Major, FX Crossess, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares
Deposit methods
—
--
Withdrawal
—
--
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2022-04-25
2024-04-05
Headquarters
🇿🇦 South Africa
🇿🇦 South Africa
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.