Rally Trade Broker Reviews and Full Information

Rally trade – general overview

The best approach for traders who are prepared to put their money at risk in the Forex market is to do extensive research on their new broker before placing their name on the line and signing a contract with them. We do so in order to present our readers with an in-depth analysis of the company in question, and we put out a significant amount of effort in order to uncover a potential Rally trade scam.

Consider the fact that this broker was created in November 2016 and is owned by "FRNG Nigeria," according to the information we received. There are also offices in London for Rally Trade, which is reportedly licensed and regulated by the Financial Conduct Authority with the number RC 1288748. However, their website does not specify which regulatory agency conducted the inspection, which should be a major source of concern for anyone considering placing their hard-earned money with this untrustworthy brokerage.

Other important features of the Rally trade Forex broker

Despite the fact that several Rally trade reviews refer to this broker as "the best newcomer in the region," we are not as enthusiastic about this trading firm as they are. First and foremost, the lack of a license is a big concern, and even if you do obtain a license from a Financial Commission in Hong Kong, there is no strong assurance that you will ever receive your money back if you participate in Rally trade. Furthermore, when it comes to financial activities and operations, the African financial market still lacks a coherent legal framework, which is why we advise our readers to choose a broker who complies with the regulations set forth by MiFID, or another similar legal authority, when making their investment decisions.

How to start trading with Rally trade broker

An other "warning indicator" when it comes to trading with Rally trade broker is the fact that they provide exceptionally high leverage, up to 1:1000, which should be taken into consideration. The most typical indicator for scams and fraudulent activities in the trading sector, on the other hand, is unrealistic promises, and it is for this reason that we advise our readers to look for a more reputable broker elsewhere.

It will take some time before we can be certain of their goals and credibility in the rally trade market because it is still under investigation. However, you may always open a demo account on their platform, which will allow you to get a taste of what to expect after your "real" money is transferred into your account.

Rally trade trading accounts review

As previously stated, we endeavored to base our Rally trading view on meaningful data, and as a result, we investigated every aspect of this company's operations. For example, we discovered that they provide three various sorts of accounts, each of which is varied by the minimum deposit that you must make before starting one of the accounts. The Basic account requires a deposit of $100, the Standard account requires a deposit of $500, and the top-tier Pro account requires a deposit of $1.000.

Rally trade review: trading software

We also looked over their trading terminal to see if we could find any additional evidence to support our Rally trade conclusions. X-Station and X-Social are two additional services offered by this broker, in addition to the well-known MetaTrader4 trading platform. Social trading is becoming increasingly popular, but prospective investors should proceed with caution and caution when following other traders' signals and decisions. New clients and rookie traders may be confused and overwhelmed by the platform's X-Options function, which adds binary possibilities to the overall offering. However, experienced traders may find the platform's multitude of options to be beneficial.

Payment options and customer support

As previously said, the rally trade In the world of financial trading, there are occasions when a Forex broker appears to be "too good to be true," and this can also be a possible warning flag. To give you an example, they don't charge any fees for deposits or withdrawals, which is a quite uncommon practice in the forex market. Clients can transfer funds using a variety of financial methods, including VISA, MasterCard, Neteller, and other similar services, among others. Concerning customer service, clients can report their issues via phone and email, as well as fill out the contact form on the company's website.

Rally trade review conclusion

Our Rally trading FX broker review has come to a conclusion, and we can only conclude that this new company still lacks the requisite credentials to operate as a professional and trustworthy broker, and it is yet to be determined whether or not this organization provides authentic services after all.