Raynar Trade claims to be a professional trading platform while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, Raynar Trade shows its company address is in Ukraine. But as per the information we hold, Ukraine currently has no financial regulator that issues licenses for forex trading or regulates entities engaging in forex. The truth is, Raynar Trade is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.