Reviews
Be the first to review.
Razor Markets
Operating status: SCAM
Website: https://www.razormarkets.co.za/
Broker violations and abnormal records
Razor Markets claims that its entity, Razor Markets (Pty) Ltd, is a duly appointed Juristic Representative of Sithundhi Group (Pty) Ltd, which is regulated by the Financial Sector Conduct Authority (FSCA) under FSP No. 52030. We have verified that this license number indeed belongs to Sithundhi Group (Pty) Ltd. However, the FSCA registry does not list its operating domain or its representative status. As such, we cannot confirm the validity of the claimed relationship between the two entities.
Secondly, Razor Markets states that its trading platform enables clients to engage in derivative trading with products issued by RocketX (Pty) Ltd, which holds FSCA license number 52142. While we can confirm that RocketX (Pty) Ltd is licensed, the FSCA records do not establish any official link between RocketX and the Razor Markets platform.
Most notably, Razor Markets (Pty) Ltd itself does not appear in the FSCA’s public register of authorized financial services providers. Without direct regulatory oversight or transparent affiliations, the platform remains highly suspect.
Given these findings, we consider Razor Markets to pose a significant risk. Razor Markets appears to be a scam.
Razor Markets claims that its entity, Razor Markets (Pty) Ltd, is a duly appointed Juristic Representative of Sithundhi Group (Pty) Ltd, which is regulated by the Financial Sector Conduct Authority (FSCA) under FSP No. 52030. We have verified that this license number indeed belongs to Sithundhi Group (Pty) Ltd. However, the FSCA registry does not list its operating domain or its representative status. As such, we cannot confirm the validity of the claimed relationship between the two entities. Secondly, Razor Markets states that its trading platform enables clients to engage in derivative trading with products issued by RocketX (Pty) Ltd, which holds FSCA license number 52142. While we can confirm that RocketX (Pty) Ltd is licensed, the FSCA records do not establish any official link between RocketX and the Razor Markets platform. Most notably, Razor Markets (Pty) Ltd itself does not appear in the FSCA’s public register of authorized financial services providers. Without direct regulatory oversight or transparent affiliations, the platform remains highly suspect. Given these findings, we consider Razor Markets to pose a significant risk. Razor Markets appears to be a scam.
Copyright © 2026 Wiki Technology Limited
Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.