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RaiseMyFunds Review: Large Profit Potential Comes At a Cost

RaiseMyFunds Review

This company promises above average conditions to their funded traders, but does charge a hefty evaluation price. Once funded, traders have very little constraints on how to earn profits, and are provided a regulated trading environment with industry standard tools.

Without further ado, let’s take a look at all the pros and cons of trading with this prop firm in our RaiseMyFunds review.

General information
Name RaiseMyFunds / Raise Global SA (Pty) LTD
Type of the company Proprietary Firm
Regulation status Unregulated / Not expected
Warnings from Financial Regulators No warnings
Website link
Active since 2023
Registered in South Africa
Contact info Portside Building4 Bree street, 8000 Cape Town, South Africa

+44 330 818 2329

[email protected]

Trading platforms MT5
Majority of clients are from United States, United Kingdom, France
Customer support Yes – Email, phone, online form
Compensation fund Yes

Regulated in a Loose Environment

Proprietary trading firms currently fulfill a niche in the financial service business that currently does not require strict regulation. RaiseMyFunds prop firm, being a subsidiary of Raise Global SA (Pty) LTD from South Africa, does benefit from the parent company’s FSCA license.

The partnered brokerage that facilitates the actual trading is RaiseFX, owned by the same parent company, and another beneficiary of the same license. This license is unfortunately not considered rock solid. If you’re looking for a reliable broker, you should select one with a Tier-1 license like Nadex for instance.

Additionally, the company uses a Cyprus branch, Raise EU Services D.B. Limited for payment processing. This service is registered in Cyprus, but does not require any separate license for their line of work. Legally speaking, the company is sound in the current financial framework.

It’s important to note, however, that lawmakers around the world are pushing for regulation of prop firms. Numerous bogus entities and scam companies have been creating huge problems in the markets, and some regulatory bodies like FCA already mandate registration of prop firms.

Problematic Disclaimer

One thing you should be aware of is a particular statement in the company’s disclaimer. It says that all trades are done on demo accounts, and any trading is in a simulated environment.

However, other portions of the site make repeated claims of funded live trading accounts. This creates a situation where either the company engages in false advertising, or the disclaimer is incorrect. Considering the weak financial supervision, clients should think twice before committing any funds.

Traders’ Opinions

At first glance, the company is well received by their clients. Since the beginning of 2024, though, numerous clients have started complaining about serious issues with the platform.

We can see this negative trend on TrustPilot, where the traders talk about their accounts being frozen with no notice, and the firm inventing various excuses to deny legitimate payouts.

So far, the trust score remains positive, with 4,3 stars out of some 500 RaiseMyFunds reviews. Other platforms like SiteJabber and TrustedReviews don’t have any content about the company at the moment.

What Brings Users to the Platform?

Majority of the clients are attracted to RaiseMyFunds proprietary trading because it is actually regulated. Additional pros include a large number of payment and withdrawal methods, and an industry standard trading software.

Clients are able to scale up to $1,000,000, which is a rather significant sum. The only restrictions include a ban on high frequency trading and arbitrage.

Despite all the good points, the firm remains almost unknown among traders. Additional external links can only be found on LinkedIn, which somewhat limits the company’s online footprint.

Affiliate Program

Promoting the company’s services is advertised as yet another way of making money. The passive profit you can earn by referring other traders goes up to 20% commission. This bonus comes from every purchased challenge. 

However, the tiered structure of the affiliate bonuses makes it a bit hard to get to the 20% bonus, as you need to refer 100 people or more to unlock it. Until then, your bonus is from 10% to 15%.

Evaluation and Scaling

One certain advantage of signing up with prop firms is the fact that you have a chance to significantly enrich your portfolio while fueling your trades using someone else’ capital. However, this opportunity is not unlocked easily. It is mainly available to talented traders that are already knowledgeable about functional and lucrative trading strategy, yet lack the funds to enter the world markets.

Before being funded, traders have to prove their skills in a test environment during two demo trading periods. This testing is called RaiseMyFunds challenge, and each phase has a set of goals and demands.


Entering the first step of the test phase requires you to make a certain deposit. The initial investment requirement is based on the funded amount you choose: 

  • $10,000 – 135€
  • $25,000 – 225€
  • $50,000 – 315€
  • $100,000 – 499€
  • $200,000 – 990€

As for the trading parameters and targets, each trader can price-speculate under leverage of 1:100, during an unlimited period. Elland Road Capital is another FSCA regulated broker that offers these conditions because of the more loose regulation. 

While this phase lasts, the milestone that has to be achieved ranges from $1,000 to $20,000 depending on the funded amount chosen. That equals to 10% profit target with the maximum drawdown also being 10% of the sum.


Those who pass the initial testing stage can move onto the next challenge. This step of the testing is called the Confirmation phase. It sets the same profit targets and limits, with the exception of traders not having to pay any entrance fee. 

Trading is conducted on MT5 and some groups of available instruments are Forex, commodities, indices, crypto and stocks. Completion of this interval leads to getting a RaiseMyFunds funded account.


Once all the challenges are done, traders can get funded and start earning. Trading parameters and maximum loss remains the same, with the unlimited number of days open for profit making. When it comes to the RaiseMyFunds profit split, the starting percentage is 70%, with the chance for it to rise up to 90%.

Should You Trust This Service?

What initially sparks interest and seems like a promising scheme to get funded shouldn’t be trusted so easily after all. Not only does this company partner up with a poorly regulated brokerage, but the increase of the negative user feedback arises as yet another source of concern.

Instead of worrying if your profit will be sent to you at all, try our prop firm instead. With up to $180.000 available for trading on world’s markets, you’ll be able to cash in far greater sums. For additional information, you can book a free zoom meeting with the company representatives. 


What is RaiseMyFunds?

RaiseMyFunds is a South African proprietary trading firm which offers funded trading with up to $200,000.

Is RaiseMyFunds Legit?

The firm is legally incorporated as a business entity and their broker partner is FSCA regulated.

How to get Payout From RaiseMyFunds Account?

Payouts are allegedly done every 14 days as per user's request. If you are looking for a better funded offer, however, we recommend you to try out our prop firm instead.

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