Alrakamiya Broker Review

Alrakamiya is a trading platform offering brokerage services via the domains alrakamiya.com and alra-kamiya.link. According to its own claims, the company operates internationally and has been active for several years. However, independent checks show that the domains were registered in 2025, and there is no official confirmation of the company’s foundation date, corporate ownership, or business registration details.

The website does not disclose the name of the legal entity operating the platform, nor does it list responsible individuals, addresses, or licensing authorities.

Licensing and Legal Standing

Alrakamiya lists several well-known regulators on its website, including the UK Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), and Vanuatu Financial Services Commission (VFSC). However, these claims are not supported by license numbers or links to verifiable regulatory databases. Searches in these registries return no records of Alrakamiya being licensed.

In addition, the Central Bank of Russia has officially included Alrakamiya in its list of companies suspected of operating illegally in the financial market. This designation means the broker does not hold proper authorization to offer services in Russia and may also be in violation of financial laws in other jurisdictions.

Instruments Offered

Alrakamiya promotes access to CFD trading across multiple asset classes, including:

• Foreign exchange (FX)

• Stocks and equity indices

• Cryptocurrencies

• Precious metals

• Commodities

The variety of assets suggests broad market access. However, there is no information about liquidity providers, data feed sources, or the infrastructure behind price execution. This lack of detail limits the ability to assess whether real market conditions are reflected on the platform.

Account Options and Terms

The broker advertises three main account types:

• Basic account with a minimum deposit starting from $100

• Intermediate account from $1,000

• Premium account requiring $10,000 or more

Each level promises more features, such as wider asset access, leverage up to 1:500, dedicated account managers, and even “insurance” coverage. Still, key trading parameters like spreads, order types, execution speed, and platform stability are not disclosed. There is also no mention of whether negative balance protection is offered, which is essential for risk management.

Trading Platform

Alrakamiya relies on a proprietary web-based platform, accessible through a browser. The platform includes basic charting features and standard order functions. It does not support integration with established trading terminals like MetaTrader 4 or 5.

There is no technical documentation or user manual available. Additionally, important metrics such as order latency, slippage, or price history sourcing are not provided. This makes the platform unsuitable for professional or algorithmic traders.

Funding and Withdrawals

The company accepts deposits via the following methods:

• Bank cards (Visa, Mastercard)

• SWIFT transfers

• E-wallets

• Cryptocurrency wallets

While deposits appear to process normally, withdrawals are a major concern. Multiple users report that after requesting a withdrawal, they were asked to pay additional fees such as “taxes,” “insurance,” or “compliance checks.” Even after making these payments, funds were not released.

There is no transparent withdrawal policy, no clear timelines, and no publicly available information about fees. These are critical red flags when evaluating a financial service provider.

User Feedback and Complaints

Alrakamiya has received overwhelmingly negative feedback on various review platforms. The main issues raised by users include:

• Repeated refusal or delays in processing withdrawals

• Requests for additional undisclosed payments

• Lack of customer support or unprofessional communication

• Account lockouts following withdrawal attempts

None of the reviews reflect a positive experience in terms of actual profit realization or successful withdrawals. The broker has not published any independent audit results or third-party confirmations of its legitimacy.

Associated Brands

Further research indicates that Alrakamiya is part of a larger group of brokers operating under different names. Known affiliated projects include:

• Bigarizonaco

• Mesojetus

These platforms share identical interfaces, text content, pricing tiers, and client onboarding tactics. The pattern suggests a coordinated effort to operate under new brand names once the previous ones accumulate negative press.

Conclusion on broker

Alrakamiya presents itself as an international brokerage service, but its operations lack transparency, regulation, and client protection mechanisms. Key concerns include:

• No verified license or regulatory oversight

• Poorly defined trading conditions

• Consistent client reports of fund loss and non-payment

• Official warning from the Central Bank of Russia

• Connections to other suspicious broker websites

Based on the available evidence, Alrakamiya should not be considered a legitimate or trustworthy broker. Individuals seeking to invest or trade online are advised to choose licensed brokers with a clear legal presence and verifiable operational history.