Review summary
Razor Markets (Pty) Ltd is a South Africa-based broker established within the last 1–2 years, offering global business operations. According to WikiFX data, the firm holds no valid authoritative forex trading license, operating without regulatory oversight from any recognized financial authority. This lack of external supervision introduces significant counterparty risk for traders. The broker provides five account types—Razor Ignite, Blaze, Classic, Spark, and Surge—with minimum deposits starting as low as R50, maximum leverage up to 1:500, and spreads from 1 pip. It supports the MetaTrader 5 platform via a white-label arrangement, with an average execution speed of 238.5 milliseconds. The overall WikiFX assessment score is 1.75 out of 5, reflecting the absence of regulatory licensing and limited operational history. Traders should exercise caution when considering unregulated entities, as they lack the protections afforded by licensed brokers. 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: 2026-07-16)
