RaiseMyFunds
The pitch was that its regulated broker and the prop firm are the same company — Raise Global SA, FSCA licence 50506. But its own Terms, clause 7, say that regulated entity “is in no way involved” with the funded-trader agreement: once you pass, you are handed to an undisclosed third-party company. The licence covers the demo evaluation only.
To its credit, the 45% single-day rule only delays validation and never fails you — confirmed in the Terms’ own cross-references — and the evaluation drawdown is a clean static 5% daily / 10% total. But its pages contradict each other on whether the funded account is real or simulated: the Terms call the wallet “virtual”, one page says “all accounts… are demo accounts”, and the FAQ claims “a real account.” The binding funded-stage rules legally sit in the undisclosed third-party contract.
Not enough published data to simulate this firm’s floor.
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
Scorecard
10Trails on daily closes only, then freezes at your starting balance
A named company, but no financial regulator anywhere — or a light-touch one only
A lifetime ceiling, or a rule that can block payment
Overstates size or speed, but costs you nothing
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Plan by plan
1 of this firm’s challenges were read plan by plan, with a citation behind every answer.
One product in five sizes: a static 5% daily / 10% total floor in evaluation, two phases of 10% then 5%, and no time limit. The funded account's floor is filed as unknown, not static: clause 7 of the Terms hands the funded stage to an undisclosed third party, so the binding funded rules are not published anywhere.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
2/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
0/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
2/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to surviveThey do not say.0/8
we read the page that should answer this and it does not
A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.no change3/3
“The Challenge consists of two steps, each with its own profit target. In the first step, you must achieve a target of 10% of your account's initial value, moving on to 5% in the second step. There is no time limit for achieving these targets.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in4 daysno change2/2
“the Customer has opened at least one demo trade on at least four different calendar days”“6.5.1. the Customer has opened at least one demo trade on at least four different calendar days;”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“We don t offer special discounts for failed challenges because we don t have a time limit – we give you all the time you need to succeed in our simulated challenge.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%5%—
“6.2.4. the Customer is in a total profit on all closed demo trades amounting to at least 10% of the initial capital.”“the Customer is in a total profit on all closed demo trades amounting to at least 5% of the initial capital.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeThey do not say.0/3
“At no time during the account s trading period may the trading account equity fall below 90% of the initial account balance. For a RaiseMyFunds Challenge with a balance of $100,000, this means that the lowest possible account Equity can be $90,000. Again, this is the sum of closed and open positions (account equity, not balance).”we read the page that should answer this and it does not
A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno changeThey do not say.0/2
“At no time during the account s trading period may the trading account equity fall below 90% of the initial account balance. For a RaiseMyFunds Challenge with a balance of $100,000, this means that the lowest possible account Equity can be $90,000. Again, this is the sum of closed and open positions (account equity, not balance).”we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on live equity, open trades includedno changeThey do not say.0/2
“According to our rules, this is set at 5% of the initial account balance. The rule states that at any time of the day (CET – Central European Summer Time), the result of all closed positions, added together with currently open floating P/Ls (Profits and Losses), must not reach the value of the specified daily loss limit.”we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%no changeThey do not say.0/1
“at no time during the RAISEMYFUNDS Challenge did the Customer report a loss on any opened and closed demo transactions, which would exceed 10% of the initial capital.”“6.5.3. at no time during the RAISEMYFUNDS Challenge did the Customer report a loss on any opened and closed demo transactions, which would exceed 10% of the initial capital.”we read the page that should answer this and it does not
How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“At no time during the account s trading period may the trading account equity fall below 90% of the initial account balance. For a RaiseMyFunds Challenge with a balance of $100,000, this means that the lowest possible account Equity can be $90,000. Again, this is the sum of closed and open positions (account equity, not balance).”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe share you are paid rises3/3
“Your profit share starts at 85% and increases at 90% from your first scale-up or payout.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutno changeno change2.10/3
“In order to validate the profit objective for each stage of the challenge and for your payout request to be validated, 45% of these profits must not come from a single day of trading activity. It goes without saying that you suffer NO penalty if this rule is not followed, just continue to trade consistently and consistently until it is.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Provider recommending Customer as a candidate for the RAISEMYFUNDS Trader Program in no way guarantees Customer's acceptance into the RAISEMYFUNDS Trader Program. The Provider is not responsible for Customer being rejected by the RAISEMYFUNDS Trader Program for any or no reason.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money3 days2/2
“You must make a minimum profit of $50 and have been trading for 3 days to request a withdrawal of your profits.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request50%0/1
“You must make a minimum profit of $50 and have been trading for 3 days to request a withdrawal of your profits.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no changeyou may not open around a release—
“You can take advantage of economic news, but we advise you to do so sparingly.”“PERFORM GAP TRADING BY OPENING TRADE(S): (I) WHEN MAJOR GLOBAL NEWS, MACROECONOMIC EVENT OR CORPORATE REPORTS OR EARNINGS (“EVENTS”), THAT MIGHT AFFECT THE RELEVANT FINANCIAL MARKET (I.E. MARKET THAT ALLOWS TRADING OF FINANCIAL INSTRUMENTS THAT MIGHT BE AFFECTED BY THE EVENTS), ARE SCHEDULED; AND (II) 2 HOURS OR LESS BEFORE A RELEVANT FINANCIAL MARKET IS CLOSED FOR 2 HOURS OR LONGER.; OR”Mandatory stop-lossThey do not say.no changeno change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.no changeno change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no changeno change—
“You don t have to close your positions overnight. Note, however, that you will be subject to swap fees.”Leverage1:100by instrument
no changeThey do not say.—
by instrument
“The leverage we offer is up to 1:100 (Forex) and cannot be increased.”we read the page that should answer this and it does not
Limit on position sizeThey do not say.no changeno change—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit · time elapsed — all of them—
“You will need to make a profit of 10% of the initial balance over a minimum of 3 days. You will have the possibility of moving to a new stage of the plan, by increasing your capital, up to a limit of $1,000,000.”How large it can get$1,000,000—
“The total amount of funds managed by a RaiseMyFunds trader cannot exceed $1,000,000, beyond which you will not be able to « Scale-Up » or start a new Challenge.”Where the path endsThey state there is none.—
“Please note that all accounts we provide with Raisemyfunds to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“These T&C govern your (“you”, “your”, or the “Customer”) rights and obligations in connection with the use of the Services provided by RaiseMyFunds”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeno3/3
“The Provider will notify the Customer of the change in the T&C at least 7 days before the change in the T&C is effective, via the Client Section or by e-mail.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedyes2/2
“These T&C shall enter into force and effect on 1 JUNE 2025”Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
who stands behind the account · costs money
“Created by broker RaiseFX, RaiseMyFunds has a Category 1 FSP license issued by the FSCA, South Africa's regulatory authority, offering you peace of mind and confidence.”“RaiseGlobal SA (pty) is in no way involved with the RAISEMYFUNDS Trader Program agreement”whether the account reaches a real market · costs credibility
“As soon as you become a RaiseMyFunds funded trader, you ll receive a real account, exposed to real market conditions and subject to the requirements imposed by liquidity providers.”“Please note that all accounts we provide with Raisemyfunds to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.”the account size or the speed · costs credibility
“To reach the goal during your challenge phases, you have no minimum number of days to trade, you simply have to respect the 45% rule.”“the Customer has opened at least one demo trade on at least four different calendar days”the payout terms · costs credibility
“We have 2 solutions for you to get paid : Cryptocurrency Bank Transfer”“Once received, you can withdraw them via credit card or cryptocurrency.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withRaise Global SA (Pty) LTDThey do not say.0/4
“RaiseMyFunds is operated by Raise Global SA (Pty) LTD, Company Number: 2018/616118/07. Raise Global SA (Pty) LTD is an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50506.”we read the page that should answer this and it does not
With no named company there is nobody to sue.
Where it is registeredSouth AfricaThey do not say.0/2
“shall be governed by the laws of South Africa”we read the page that should answer this and it does not
A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration number2018/616118/07They do not say.0/2
“RaiseMyFunds is operated by Raise Global SA (Pty) LTD, Company Number: 2018/616118/07. Raise Global SA (Pty) LTD is an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50506.”we read the page that should answer this and it does not
What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“RaiseMyFunds is operated by Raise Global SA (Pty) LTD, Company Number: 2018/616118/07. Raise Global SA (Pty) LTD is an authorized Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 50506.”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedThey do not say.0/2
we read the page that should answer this and it does not
Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“Please note that all accounts we provide with Raisemyfunds to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.”The question that separates a firm that earns when you lose from one that earns when you last.
The broker or clearer namedRaiseFX3/3
“That s right! RaiseMyFunds is the prop firm environment of the RaiseFX broker.”Almost nobody names one, because almost no account reaches a market. It adds when present.
Conditions to reach a real marketNo such thing in this plan.—
“Please note that all accounts we provide with Raisemyfunds to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only.”Promising a route to a real market without publishing the conditions is promising nothing.
We read the rules of every plan it sells and issued a verdict on each one.