Razer Markets Review

Read our Razer Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a razermarkets.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Razer Markets is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Razer Markets in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Razer Markets Review Conclusions

Making the Razer Markets review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Razer Markets review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected].
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

etoro

18 COMMENTS

  1. I have an account at Razer markets and I can only confirm that they are scamers. They refuse to pay out the money I have on their account and they don’t want to delete my account either. they just want me to pay in even more money and call me almost every day for that. That’s why I would advise everybody to stay far away from Razer markets.

  2. In my experience, I opened an account with £270. On my 1st contact with a mentor, I was persuaded to add another £230. ( i had won this money and mentally thought, if I hadnt won it then it didnt matter if it was lost). My 2nd contact was yesterday, 26th Jan 2021. My mentor has changed and this new mentor desperately was trying to get me to get £4300 by other means to make my balance £5000 for ‘better’ trading. He would try and get the company to lend me this as it could be returned in 30 days. After sleeping, today I am thinking I have had 2 different people who both have tried to persuade me to submit more funds so now I am going to try and close my account. Oh, in 1 day, my balance showed £200 profit. If this can be done with £500, why do they want me to add more money?!? I am going to contact personal reviews for help. Ann Williams

  3. Stay away, they will pressurise you persistently. They won’t accept no! I wanted to dip a toe in the waters by investing the minimum amount but they were soon harassing me by message and phone calls for more money. I blocked the phone number and messaged to request a refund and to close the account, but no sign of a refund yet!! If I could give a minus score for this company I would!

  4. Razer market they are not a broker just a group of scammers thieve peoples
    ones you deposit your money they want you to more and more but nothing in return
    no withdrawal from them only one way system to deposit.

  5. KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS – COSTED ME / LOST 5 DIGIT AMOUNT.
    Razermarket they are not a broker just a group of scammers.
    They will initiate trading as they feel with the available funds. In the middle of trading session they will call & insist more deposit because the so called “margin” is low and will treaten you will lose your investment if you don’t deposit more. Once you deposit more, they will increase the number of trades again. And the same deposit circle will start once again. If you refuse to invest more, they will give you a credit, without your approval. The following day they will start to threaten to settle the “unauthorized credit”. They will inform that withdrawal process could take place once the credit settled. One will think the withdrawal process will start once you clear the creadit with deposit. But here comes their final blow. They will inform “DEPOSIT THE AMOUNT EQUAL TO WITHDRAWAL AMOUNT”. (ex: need to deposit 5000 EUR if you want to withdraw 5000 EUR) AND ONCE YOUR DEPOSIT CREDITED IN THE ACCOUNT, THEY WILL INITIATE WITHDRAWAL REQUEST AND SEND BACK THE FUNDS (5000+5000=10000 EUR) TO YOUR BTC ACCOUNT IN YOUR COINBASE ACCOUNT, WHICH WILL TAKE ITS OWN TIME. Means one should have enough funds equal to withdrawal. They will reveal this “Special condition” ONLY when the withdrawal process starts. At this point every client will reach the status of mental breakdown. And will admit their defeat and acknowledge their stupidity and loose their hard earned life savings. The only intention the so called brokers in Razermarkets have to cheat / deceive the vulnarable clients as much as they can and start hunting new victims. They write / say KYC (Know Your Client) is their motive, so to serve the clients. But my experience confirms that they mean Keep Your Client alive til the end. My advice: KEEP AWAY FROM THESE SOFESTICATED CYBER SCAMMERS

  6. Having been contacted by James Bennett from Cryptopayin.com and told to pay £250 to start, money was paid to NAVASU OU with a reference number, you are then told your personal broker will contact you to explain how it works.
    Next day had a call from Kevin, from a company called RAZERMARKETS.COM, first time I had heard of this company, he explained that he would set up a £100 trade and let it run, you could see it making money, it would stop later in the day, which it did and you could see it had made over £100 on the account, Kevin said he would call the next day with a plan.
    The plan that he wanted me to do and had emailed me in advance was to transfer £50000.
    Hi Stephen,

    I trust my email finds you well – I have created your financial plan which will be on a 1 year basis and with an automatic withdrawal on a monthly basis.

    Currently, you have available in your account £357.35, with all the profits you made so far, which is £108.30 (43.32% of your deposit amount) in just a couple of days – Therefore, you will be adding the amount of £50,000. Believing that we will have a long term business relationship with that amount you are getting all the benefits of the GOLD account which will simply make you a lot more money than what you’re making now and keep your account 100% in the safe zone! Most of my clients start with the GOLD account level.

    Now, this is what we are going to do – We will work on a strategy where our goal will be a minimum 23% of your account balance and your automatic withdrawal will be set up at 11% on a monthly basis.

    Please see below the calculations on a 6 months scale and it will give a clear estimation on what you should expect on a 1 year basis.

    March 2021:
    • £50,000 Account balance
    • £11582.19 Profits – 23%
    • Automatic withdrawal 11% – £61,939.54*11%= £6,813.34
    • Remaining balance after withdrawal – £55,126.2
    April 2021:
    • £55,126.2 Account balance
    • £12,679.02 Profits – 23%
    • Automatic withdrawal 11% – £67,805.22*11%= £7,458.57
    • Remaining balance after withdrawal – £60,346.64
    May 2021:
    • £60,346.64 Account balance
    • £13,879.72 Profits – 23%
    • Automatic withdrawal 11% – £74,226.36*11%= £8,164.90
    • Remaining balance after withdrawal – £66,061.45
    June 2021:
    • £66,061.45 Account balance
    • £15,194.13 Profits – 23%
    • Automatic withdrawal 11% – £81,255.58*11%= £8,938.11
    • Remaining balance after withdrawal – £72,317.46
    July 2021:
    • £72,317.46 Account balance
    • £16,633 Profits – 23%
    • Automatic withdrawal 11% – £88,950.48*11%= £9,784.55
    • Remaining balance after withdrawal – £79,165.92
    August 2021:
    • £79,165.92 Account balance
    • £18,208.16 Profits – 23%
    • Automatic withdrawal 11% – £97,374.08*11%= £10,711.14
    • Remaining balance after withdrawal – £86,662.93
    By the end of August you will be standing at:
    • Trading account: £86,662.93
    • Bank account: 6,813.34+7,458.57+8,164.90+8,938.11+9,784.55+10,711.14=£51,870.61
    Please note, the above calculations are an estimate of the minimum profit we could generate, therefore we can do more than that and amend the withdrawals accordingly. As well as we take full responsibility for all the funds in your account.

    I really look forward to progressing the account and working with you for the long haul.
    Now with this name I had never heard of I decided to do some checking, all bad reports came up, so I said I would like to withdraw some money i.e. what I had put in, to check the system worked, Kevin tried to convince me not to as it could take 15-16 days to get money back, it would be better if I changed it to a Bitcoin and sell it, the money would then be back in my account with in two days, he would set it up and call me back, never did hear back from him, so tried to withdraw from account page, sent in request, and had reply saying it would be paid back within five days.
    Having tried calling them, the number goes dead, tried emailing now getting no reply, I fear the money has gone.
    They work it well, BEWARE please do not even try them, you will not get your money back.
    Sorry this is long winded, I hope all that read it saves them their hard earned savings.

  7. They nearly caught me out too. What I have learnt over the past few weeks is that RAZERMARKETS.com is merely a corrupt organisation that pretend to have received your funds. After they pursuaded me to make a deposit, I received a confirmation email and receipt from cryptopayin.com. Apparently they instructed a legit company to handle my investment. I also received an email from Razermarkets.com confirming the deposit. An email similar to the one sent by cryptopayin.com to verify details was sent by the scammer. However, red flags were raised to me when It Kevin Anderson persistently insisted that I should deposit more funds. He was adamantly aggressive. I tried to but fortunately my bank phoned me to tip me off that they were scammers.

    I informed them that they must refund me and close my account. They replied positively, but never reacted to the refund.

    After having many conversations with Kevin Anderson, he gave their secret away by admitting that they do not hold any funds and that there was a holding company. This meant that they also scammed cryptopayin.comvalthough the latter lost no money. For the last week razermarket.xom has been harassing me; phoning every evening to discuss the markets trying to convince me to continue with them. Don’t be fooled by them.

    Cryptopayin.com wrote to and advised me that they will return my deposit in full which they did tonight. I am greatful to them.

    My advice to those who have lost money, is to check your emails to see whether cryptopayin.com or another have sent you a receipt or confirmation. You may get your money back like I did. Gregory Marais

  8. I am one of the people scammed by razermarkets. com. Gregory Maria’s on my receipt cryptopayin. com is appearing oas a Ref. I have tried to send them an email but it comes back saying the address is cannot be found.
    How can I contact them for my money back?

    Regards
    Sanet

  9. Razermarkets is a unregulated broker and FCA has also issued a warning ⚠️. I have lost money too. Once they get the money from you, they will give you a credit and you can’t ever withdraw your money.

  10. I got caught out. Kevin, called first, that was 8 months ago, tried to withdraw money, never happened!! Now Peter is on my case and I need to setup a digital bank account to get my money refunded!!! Too late for a charge back. Should I walk away???

  11. It seems I am in the club of people scammed by Razermarkets – and have experienced all the tricks mentioned above. If I get any of my funds back from them I will happily rescind this posting, but I know it will not
    happen. They are really good at scamming. Quick summary of what you can expect from them:

    Names they used to scam me are Peter Morrison, Harvey Jameson and Darren Gray
    . I doubt these are their real names They will Call to convince you to deposit around £200 to £250

    Funds go onto a trading platform and they seem to make loads of profits – double the money each week. When you refuse to put large amounts in they offer a loan so they
    can make the fortune, but with a condition that you cannot withdraw any profits until you have repaid the loan.

    You think that the loan stops the need to keep putting funds in as they have a large cash base to trade with – but no, within days they want more funds putting in ‘to repay the loan’.

    I have looked very closely at some of the trades on my account that seemed to make big profits. Am convinced they are fake. The trades open at prices the commodity was not at on the markets on the date and time the trade appeared to start!

    When you will not repay the loan they offer an option where you send them 5% or 10% or 20% of the loan – and they will negotiate with the ‘liquidity provider’ to release that proportion of the profits. When your £25K loan now looks like an account worth £120K this seems like a good idea.

    When you refuse to do this they offer the chance to put some funds into an ‘escrow’ account. They will negotiate to release the proportion of the profits that you pay off on the loan. They say the ‘escrow’ account is with a third party and if you do not get the proportion of the profits sent through they will have the funds return from escrow. And lo and behold – you put the money into ‘escrow’, the deal is rejected, and they have the ‘escrow’ money.
    You do not get it back!!!
    They will duck and weave, keep calling, whatsapping, texting and pestering you for more money.

    You will NEVER see your money again. Do NOT trade with them.

    If I see my funds come back I will rescind this report and no-one will be happier than me, but I do not believe that will happen.

    Fortunately I have not lost anywhere near the kinds of money some people are losing – but I have wasted hours of time and had hopes raised via a scam.

    There is a simple solution – NEVER trade with with a company that is unregulated. Almost all of them are scammers.

  12. Razer markets it’s a real scam ! I read all this reviews and basically same happened to me. . I’m at the point of when they say in order to withdraw you need to deposit for a mirroring transaction . I won’t go any further . My money it’s long go . I won’t give them a penny more .
    Please don’t lose your money as I did .

  13. I too was tricked by this lot! Fortunately I only put £200 in. In the first week it made £70 profit. When the weekend arrived I found I was £102 in loss and now on Monday morning it has all gone. I too was taken in by the chatty Irish fella Kevin Anderson and was contacted by my “broker” Ahmed Salam by Whats App – I doubt if these names are real.

    I have also been bombarded by emails, texts and phone calls from other similar scammers, albeit less sophisticated, and given them short shrift.

    I was tricked by a page that came up stating that some bloke had impressed Holly Willoughby on TV and it all seemed genuine when I did some checks, including a positive reference to this outfit in Forbes magazine. Well, Holly Willoughby and Forbes – what is there to doubt??

    Avoid, avoid, avoid.

  14. Avoid them as they will never allow you withdraw your money. After a long time time I finally regained access to my funds and I’m glad I found a solution. Heimear while using proton, do not let them get away.

  15. Avoid!!! they will never allow you withdraw, after a long time of battling with experts I finally regained my investments. hit on me Eneur while using proton mall finally someone can put an end to this do not let them get away.

LEAVE A REPLY

Please enter your name here
Please enter your comment!

This site uses Akismet to reduce spam. Learn how your comment data is processed.