Review summary
Raw Trading Ltd, operating under the brand Fake Exness, is a forex broker registered in Seychelles with an operational history of 2–5 years. According to WikiFX data, the firm holds no valid authoritative forex trading license; its claimed Seychelles FSA Derivatives Trading License (EP) is listed as unverified, meaning the entity operates without recognized regulatory oversight. This absence of regulation means traders have no formal recourse in case of disputes. The broker's WikiFX score stands at 1.33 out of 10, reflecting this significant regulatory gap. On the trading front, Raw Trading Ltd offers three account types: Standard (spread 0.8 pips), Raw Spread (spread 0.0 pips), and a cTrader account. All accounts require a minimum deposit of $200 and support leverage up to 1:1000. Scalping, hedging, and Expert Advisors are permitted. No execution speed or cost metrics are available from WikiFX's trading broker database. In summary, Raw Trading Ltd is an unregulated offshore entity that provides competitive trading conditions, but traders should be fully aware of the lack of financial authority protection. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-17)
