Rally Trade Review
Rally Trade is an international online broker that provides highly competitive brokerage services to emerging financial economies. They infuse cutting edge technology, low transactional fees in trading an array of financial instruments to give you a competitive trading experience. Traders are allowed to trade forex, commodities, precious metals, shares, indices, and other financial instruments using advanced trading platforms. They are also committed to offering a reliable and secure service to build a complete financial portfolio that empowers them to achieve financial freedom. Traders benefit from a selection of account types, award-winning technology, and educational resources.
Rally Trade Review, Pros & Cons
- Advanced trading platforms
- Multiple financial assets
- Educational resources
- Useful trading tools
- Lack of strict regulation
- Limited funding options
- Not the lowest commissions
- No USA traders
In this detailed Rally Trade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Rally Trade Overview
With its head office in Lagos Nigeria, Rally Trade is a retail trading broker that provides over 5,000 active traders with seamless access to the global financial markets via the Xstation and MT4 trading platforms. They offer a wide variety of trading instruments, competitive trading conditions, extensive educational programs, platforms, and accounts that are tailored to the individual needs of clients. The broker has been awarded the best broker newcomer in Africa.
Rally Trade Regulation
In November 2016, Rally Trade became a member of the Financial Commission. The Financial Commission provides brokerages and their customers with an unbiased 3rd party mediation platform that helps to resolve complaints in instances when parties are unable to directly agree on disputes.
Rally Trade Countries
The broker offers its services to clients from different countries where the use of such services would not be contrary to local laws and regulations.
Some Rally Trade features and products mentioned within this Rally Trade review may not be available to traders from certain countries because of legal restrictions.
Rally Trade Platforms
The broker provides traders with the following trading platforms:
Rally XTrader 5
This is an award-winning trading platform that is available in web and mobile versions. It has several advanced tools, including trading calculators, advanced chart trading, trader statistics, technical analysis, and more. The transparent charts allow you to accurately track every market movement. The platform offers superior execution speeds and has a simple design, which makes it easy to use.
MT4 Trading Platform
This platform is designed to suit traders of all levels as it has a user interface that is easy-to-use yet packed with strong analysis capabilities, such as one-click executions, stop and limit orders, technical indicators, support for the automation of trades using expert advisors, and more. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers; a web version that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile trading app that is compatible with smartphones running on Android and iOS.
Rally Trade Trading Tools
In addition to tools that were built into the provided trading platforms, the broker provides traders with some standalone trading tools to enhance their trading experience. These include trading signals, economic calendars, and more.
Rally Trade Education
Clients get to access some useful educational resources from the broker’s website for improving their trading skills and keeping them informed on the factors that control the financial markets. The available educational materials include technical analysis, webinars, seminars, books, tutorials, and market news.
Rally Trade Instruments
The broker offers the following trading instruments: forex, commodities, precious metals, shares, and indices.
Rally Trade Accounts & Fees
The broker offers a choice of three live trading accounts with tight spreads, low commissions, and leverage of up to 1:1000. The account types and their corresponding minimum required deposits are as follows: Basic ($100), Standard ($500), and Pro ($1,000) accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this Rally Trade review. It is imperative to ensure that you check and understand all of the latest information before you open a Rally Trade broker account for online trading.
Rally Trade Support
Traders are provided with a knowledgeable customer support team that is always available to respond to their trading inquiries. They can be contacted through telephone, email, social media, Live Chat, or by visiting the broker’s physical office in Lagos, Nigeria.
Rally Trade Deposit & Withdrawal
Clients can fund their trading accounts using one of the payment methods below:
- Bank transfers
- Credit/Debit cards
- Electronic payment processors
Rally Trade Account Opening
To open a live trading account with Rally Trade, simply click on the “Open Account” on the broker’s website and ensure you properly fill out the form, providing your name, email, and other essential details.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Rally Trade Summary
Rally Trade is an established trading broker that provides clients with advanced trading platforms for trading several financial assets online. There are multiple trading account types to choose from with a required minimum deposit of $100. Traders also benefit from educational resources, useful trading tools, as well as the services of a knowledgeable client support team.
Financial products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.