On-line since: About company: The RallyTrade brand is managed by FRNG Nigeria with the head office in Lagos. RallyTrade is an international online broker rendering its services in emerging markets. RallyTrade provides its clients with the latest technologies, low transactional fees, different financial instruments for trading, extensive educational programs, trading platforms, and accounts adapted for individual customer needs. The broker offers a wide range of financial instruments: various currency pairs, CFDs, precious metals, ETF, and binary options. Trading is carried out through the MetaTrader 4 and xStation trading platforms. At present there are no rules governing online trading and no corresponding regulatory body in Nigeria. However, since November 2016, the company has been a member of the Financial Commission (FinaCom), the international committee on disputes and complaints resolution in the Forex sphere. Thanks to the broker's membership in the organization, RallyTrade's clients can count on the compensation of up to $5,000. FinaCom acts as an impartial party in conflict resolution between brokerage companies and traders. The Financial Commission serves to simplify and hasten dispute resolution process faster than typical regulatory bodies, such as arbitration or local judicial systems. In order to open an account in RallyTrade, traders should invest a minimum of $100 – this is the average minimum amount in comparison with other brokers. Spreads on the account with a minimum initial deposit are rather high — 2 pips for EUR/USD on average. However, spreads on other accounts with a deposit of $500 and $1,000 are 1.2 pips. Clients of RallyTrade are provided with a number of payment options. In addition, the broker clearly indicated what fees are charged for each payment method. RallyTrade gives a welcome bonus of up to 100% of the deposit of a client's trading account. To get the bonus, you need to open a real trading account, make a minimum deposit and send a request to a manager.
3/10
(votes 2023)
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You can trade in Naira and also in Dollars with them. They get to organize seminars all over Nigeria. I attended the seminar in Warri and it was an eye opener to the many good possibilities in earning from e trading. One of the best trading platform in Nigeria
They're great! They're genuinely interested in providing their clients all the needed knowledge in trading. I have learnt a lot from their classes and have turned the knowledge into real profit!
Their xStation trading platforms is not bad, but I have seen a few times that RallyTrade run for the stops. Moreover, the spreads extend sometimes extremely much. The withdrawal process of RallyTrade is also painful. Most of the traders are reporting that there is some withdrawal delay with this broker even I also face withdrawal delay several times.
Rally Trade is pure scam....... Those people are just after your money.
For them you should just be funding without withdrawal, the day you place a withdraw from your account, its trouble for you.
They do promos for bonus on funding your account, you fund your account and they never give you any bonus.
They without notification deliberately deduct credit from your account to shut you out on open trades especially when you are on negatives just to blow up your account to their profits. Check all reviews online about them, u will never see any positive review. A word is enough
I have suffered a lot with RallyTrade's platform. I can't open or close my deals on time, always the price quote slippage. Recently I have tried to customize this platform with an EA, but EA works as like madly due to this issue. So my orders go the opposite direction. while their spread isn't fixed and it became widen on news time. Now I didn't believe their platform. and trying to withdrawal all of my profits via Wire Transfer so far. Basically, the RallyTrade broker is not safe for trading or investment.
The reason why I’m choose them because of their transparency in managing my money which is the transaction for deposit and withdrawal always fast and I don’t have to worry about delayed transaction. I made a withdrawal with my profit, and then I can receive money in a short time with 5 hours. It’s good. In addition, their spreads are lowest among other brokers, and customer service is quick, friendly. Trading with Rally trade for a 3 months. No problems committed. Turned $500 into $1520 and then when I asked for a larger withdrawal around $1000 and they call me on my number for some verification.
I use eTranzact for my payment transactions at RallyTrade and the transactions are always processed quickly. It is also good that they offer different payment methods for convenience. Of course, when it comes to trading, so far I have no complaints because the platform is very stable even during news announcements.
My first deposit was $700 and I applied also for 40% welcome bonus on each deposit. I trade on MetaTrader 4 platform. I trade using medium and long term positions for currency pairs EUR/GBP and USD/JPY with a spread of 2 pips for both pairs. I totally love Rally's trading conditions that are very pleasant with withdrawals process run fast without fees and when I use wire Interswicth payment instrument.
Everything is fine until you try and get a withdrawal processed. They always have so much way to make my trading has no obtacles. About 2 weeks ago I WD my $720 profit from my first deposit $200. Their resolution process faster than typical regulatory bodies. Their Service seems really good and reasonable to me yet.
RallyTrade is a young Forex broker but I still invested on this broker because when I tried their demo account, I had a great experience. This broker proved itself when I started live trading because they gave me access to more educational materials and their trading platform performed the same as with the demo account: stable and easy to operate. So far, I am earning quite a decent amount and I also like that they have many options for payment methods to make it easier for clients to withdraw and deposit fund to the account.
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