RallyTrade Review

Minimum Spread :   From 1.2
Foundation Year :   2016
Min Deposit $ 100
Broker Trusted Point+2

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Rally Trade Review 2020 – Drive The Market: FRNG Nigeria handles the RallyTrade brand with the head office in Lagos. RallyTrade is also an international online broker offering its services in financial markets. The broker also provides its customers with cutting edge technology, low transactional fees with a massive cluster of financial instruments.

The FinaCom or the financial commission recognizes the company as a listed broker under them. As a member of the Finacom, the company must compensate its clients in case of any damages. The company has to pay customers a sum of USD 5000 in case of any dispute.

The company is on the mission to give customers in developing economies the best technology as well as trading conditions. The brokerage firm aims to create a service that inspires change as well as allows customers to attain financial freedom.

The financial broker also offers its clients to trade in 50+ currency pairs, 15+ derivatives and 20+ indices as trading instruments.

RallyTrade Broker Account Types

Basic Account

  • Minimum Deposit: USD100
  • Fixed Spread: 1.6 pips
  • Leverage: 1:1000
  • Commission: No Commission
  • Trading Platform : Rally xTrader & MetaTrader4

Standard Account

  • Minimum Deposit: USD 500
  • Fixed Spread: 1.2 pips
  • Leverage: 1:1000
  • Commission: No Commission
  • Trading Platform : Rally xTrader & MetaTrader4

Pro Account

  • Minimum Deposit: USD 1000
  • Fixed Spread: 0 spreads
  • Leverage: 1:1000
  • Commission: yes
  • Trading Platform : Rally xTrader & MetaTrader4

Demo Account

The customers who wish to explore the services of the broker, they have the option to open a demo account. This account will allow them to clearly understand and evaluate the effectiveness of trading with this broker.

RallyTrade Trading Platforms

Rally xTrader Platform

Features of Rally xTrader Platform are as follows :

  • The Platforms trading calculator instantly determines how much profit or loss one could make.
  • It also allows one to execute their trades directly from the chart.
  • The platform offers trader statistics.
  • The customers can access popular technical indicators also including Fibonacci retracement, moving averages and more with the help of Rally xTrader.
  • The customers can lock in profits or limit your losses by closing all winning or losing trades with one click on the platform.
  • The trader can tune into market news and analysis with a live audio feed directly in the platform.
  • The customers can also access all the major market moves as well as volatility in one place.

MetaTrader 4 Platform

Features of the MT4 trading platform :

  • The customers can access real-time bid/ask price quotes in the market watch window.
  • The platform provides one-click trading as well as trading from the charts.
  • The platform has scripting, testing and installation of expert advisors (EAs) mechanism which automates trading strategies.
  • MT4 has sophisticated charting over nine timeframes and multiple chart types.
  • With this platform, clients can access up to 30 technical indicators.
  • Platform features can extend using add-on apps developed by using the MQL4 language.
  • It also offers multiple order types, risk management tools and also provides its user with Price alert notifications via sms as well as emails.

Educational Resources

The broker also offers its clients with the easy to understand educational resources. The clients can access educational resources in three forms such as Basic, intermediate and advanced.

The basic resources are for clients who are just starting investing in financial markets. The intermediate material is for clients who have some knowledge regarding financial trading.

The advanced resources are for clients who are absolute experts when it comes to financial trading. There is also a glossary; it contains all the fundamental terminologies that one need to be aware of.

Bonuses and Promotions

The rally trade financial broker offers its clients a welcome bonus of up to 100%. The interested customers need to open a live trading account with rally trade as well as also make a deposit. Once clients have made a deposit, they need to contact the backend team or sales account manager to get a bonus. They can request via the website as well.

Deposit and Withdrawal methods

The clients can deposits funds in there account using the following methods:

  • Bank wire
  • Mastercard & Visa cards (Naira)
  • Visa cards (USD)
  • Mastercard & Verve cards (USD)
  • Skrill
  • Neteller
  • Perfect Money
  • Webmoney

The clients can withdraw funds from their account using the following methods:

  • Bank wire
  • Perfect Money
  • Skrill
  • Neteller
  • Webmoney

Customer Service

FRNG Lagos:

  • Address: Fanis House, 21 Adeniyi Jones Avenue, Ikeja, Lagos State
  • Telephone: +234 1 440 8191
  • E-mail: backoffice@rally.trade

FRNG Port Harcourt:

  • Address: 5 Bolo Street, Behind Mr Biggs, Garrison, D/Line, Port Harcourt, Rivers State
  • Telephone: +234 802 822 3337
  • E-mail: backoffice@rally.trade

FNRG Ibadan:

  • Address: 2nd Floor, Owoade House, Al Akinyemi Way, Ring Road, Ibadan, Oyo State
  • Telephone: +234 901 873 7580
  • E-mail: backoffice@rally.trade

RallyTrade Review: Conclusion

RallyTrade is a financial broker based in Nigeria that also offers trading in a wide range of financial instruments. The financial instruments include currency pairs, various derivatives, precious metals, ETFs, as well as binary options. RallyTrade holds a B-category license and any client of such company can be eligible for a compensation of up to $5000.The broker offers a demo account, this account can help customers in understanding trading conditions and platforms.

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