Rabab Markets: High-Risk Trading with No Regulatory Oversight

Rabab Markets (rababmarkets.com) advertises itself as a current forex and CFD trading company that offers trading in cryptocurrencies along with forex, metals and stock indices. Still, the reputation Rabab Markets has raised serious questions. Reports suggest that Rabab Markets, due to its lack of regulation, could be operating an unlawful Internet scheme and using approaches such as pig butchering or fake trading tools.

Rabab Markets Overview

• Company Name: Rabab Markets
• Website: https://rababmarkets.com/
• Regulated By: NA
• Registered In Country: Saint Lucia

Rabab Markets has introduced a number of features intended to draw traders, as follows.

• Different account types: There are three types of accounts, Standard, Pro and ECN, and each allows leverage of up to 1:500
• MT5 Platform: Provides advanced tools, smooth automated trading and quick transactions on different devices
• Multiple Tradeable assets: Supports CFD, cryptocurrencies, forex, metals and indices
• Quick Withdrawal: There are quick, fee-free withdrawals using bank transfer, credit card and e-wallet

Regulatory Status of Rabab Markets

Rules and regulations are necessary to prove a broker‘s authenticity and protect clients. Registered in Saint Lucia, Rabab Markets has to comply with laws set by the Financial Services Regulatory Authority (FSRA). Yet, a search with the FSRA shows no record of Rabab Markets, which suggests it isn’t regulated.

WikiFX also mentions that there is no valid regulation for Rabab Markets and rates it with a very low score of 1.05/10, warning about suspicious features and a higher risk of loss. Also, since WikiFXs rating is just C and user reviews are lacking, it only lessens trust in the platform.

Pros and Cons of Rabab Markets

Conclusion

Rabab Markets appears attractive with its user-friendly MT5 and numerous options, but since it is not regulated and has a shady background, it carries a high risk. The warning on WikiFX about a questionable license suggests that Rabab Markets could be trying to scam traders. Rabab Markets are not recommended, and traders should use regulated brokers instead. It is crucial to review the registration of a broker on reliable registries and also see how previous clients have rated them.

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