Alrakamiya Broker Review

Alrakamiya is an online broker operating through multiple domains, including alrakamiya.com and alra-kamiya.link. The company markets itself as an international investment platform and claims to have been in business since 2017. However, domain registration data and independent checks suggest that the project only became active in 2025. The website lacks verifiable legal data, such as ownership details, a registered legal entity, or licensing documentation.

Licensing and Legal Status

Despite promotional claims, Alrakamiya is not a regulated broker. The company references oversight by regulatory bodies such as the FCA (UK), DFSA (UAE), VFSC (Vanuatu), and CSSF (Luxembourg). None of these claims are substantiated by valid license numbers or official records.

Additionally, the Central Bank of Russia has included Alrakamiya in its public warning list of entities showing signs of illegal financial activity. This indicates that Alrakamiya is operating without proper authorization in regulated markets, and its services are deemed unauthorized.

Available Markets and Instruments

Alrakamiya offers trading through Contracts for Difference (CFDs) on a range of asset classes:

• Foreign exchange (Forex)

• Stocks and equity indices

• Precious metals

• Commodities

• Cryptocurrencies

While this variety appears comprehensive, it is unclear whether actual trading occurs under real market conditions. There is no public information on liquidity providers, execution methods, or order routing.

Account Options and Conditions

The broker provides several account types, each with increasing deposit requirements and access to services:

• Basic Account — starting from $100

• Intermediate Account — from $1,000, includes crypto access and higher leverage

• Premium Account — from $10,000, includes dedicated support and “insurance” claims

Key trading parameters, such as spreads, commissions, and margin levels, are not disclosed. This lack of transparency prevents clients from fully understanding the cost structure or the quality of service.

Trading Platform

Alrakamiya uses a proprietary WebTrader platform. It is accessible via web browser and does not support third-party solutions like MetaTrader 4 or 5. The platform includes basic trading tools such as charting, pending orders, and position management. However, there is no documentation on execution speed, data source accuracy, or order slippage — all crucial factors for serious traders.

Deposits and Withdrawals

The broker claims to support:

• Credit/debit card payments

• Bank wire transfers

• E-wallets

• Cryptocurrency wallets

While deposits appear to be processed without issues, withdrawals are a consistent source of complaints. Numerous users report being asked to pay additional fees, such as “insurance costs” or “tax clearance,” with no guarantee of fund release even after such payments. There is no detailed withdrawal policy available to clients prior to registration.

Client Feedback

Public reviews of Alrakamiya are overwhelmingly negative. The most common issues raised by users include:

• Delays or refusal to process withdrawals

• Unexpected payment demands

• Unresponsive or aggressive support agents

• Account access being restricted after a withdrawal request

There are no verified success stories or client testimonials confirming a legitimate trading experience or profitable withdrawal. This pattern strongly indicates a lack of operational integrity.

Related Projects

Alrakamiya is not a standalone entity. Evidence suggests that it is part of a larger network of clone brokers that use similar branding, platforms, and content. Other known associated projects include:

• Bigarizonaco

• Mesojetus

These platforms share the same structure, account categories, marketing language, and even technical backends. This strongly indicates a centralized operation aimed at attracting funds under different names after each previous brand becomes discredited.

Final Assessment

Alrakamiya shows all signs of an unlicensed, high-risk brokerage operation:

• No regulatory oversight

• Fabricated licensing claims

• Anonymous ownership

• Negative client feedback

• Official regulatory warnings

• Links to a broader network of cloned scam brokers

Conclusion: Alrakamiya is not a trustworthy or legitimate broker. Engaging with this platform poses a high risk of financial loss. Investors are strongly advised to use regulated brokers with transparent operations, clear licensing, and a verifiable history of customer protection.