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RallyTrade
Rating: Rated with 1 star
Binary Option Programs Award
Min. Deposit
$100
Min. Investment
N/A
Regulated Broker
No

RallyTrade Broker Review

  1. RallyTrade is a new CFDs and Forex broker licensed by the Financial Commision. Moreover, RallyTrade is owned and run by FRNG Ltd. Their offices are located at FRNG Lagos Fanis House, 21 Adeniyi Jones Avenue, Ikeja, Lagos State. South African traders can learn all about this new broker by reading our full review below before they make any deposit.

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    Special features

    There are 3 different account types offered by RallyTrade depending on the experience of the trader and their own preference.

    Basic:

    • $100 min deposit
    • Personal Account Manager
    • Free Education Package
    • 1.6 Spreads
    • 1:1000 Max Leverage

    Standard:

    • $500 min deposit
    • Personal Account Manager
    • Free Education Package
    • 1.2 Spreads
    • 1:1000 Max Leverage

    Pro:

    • $1000 min deposit
    • Personal Account Manager
    • Free Education Package
    • From 0 Spreads
    • 1:1000 Max Leverage

    It would be good if there was a free demo account so that beginners could practice before switching to a live account and start risking their own funds. Traders can still log in and see how the platform looks and how it works but they cannot practice by placing any trades.

    Tip: Trade with IQ Option instead, the best regulated broker for South African traders with a minimum deposit of only $10!

    Trading software

    xStation

    xStation is a new generation ultra-fast web-based trading platform that allows you to trade in financial markets anytime, from any device and any type of financial instrument.

    Main advantages

    • One-click trading for instant reaction to market changes
    • Overlay charts to analyze correlations
    • Quick trade execution and market depth indicators
    • Economic calendar and LIVE market news built- in inside the platform
    • Place and correct trades right from the chart
    • Advanced reporting on your trades in CSV/XLS formats
    • Double up position or reverse direction with a simple click of a button

    xSocial

    xSocial Trading is a new way for investors to access financial markets. Social Trading connects professional traders to investors from all over the world. The platform allows investors to funnel and filter through thousands of traders from around the globe and follow the best ones according to their customized investment preferences.

    Main advantages

    • Follow real trader with a time-proven track record.
    • Make money by copying successful strategies and also contra-copying the losing strategies in the market
    • See the current sentiment in the market from all xSocial community traders
    • Advanced tools to help you decide on copying or contra-copying strategies

    xOptions

    xOptions is a fully integrated, web-based binary options trading platform. Now it is possible to trade with binary options from the same platform from which you trade on Forex, Commodities, Indices, CFD’s and ETF’s.

    Main advantages

    • Access to a wide range of expiries for all types of binary options trades
    • Your own binary options strategies
    • Easy-to-use, accessible interface
    • Earn about 70 % in only 1 minute!

    MT4

    One of the most innovative and powerful trading platforms. MetaTrader 4 combines an accessible, user-friendly interface with a wide spectrum of powerful functions, making it a highly flexible platform. With an intuitive design and a reliable software, MT4 puts you in control of your trading.

    Main advantages

    • Advanced charting package and over 30 technical indicators to support your trading.
    • Expert advisors – computer programs designed to analyze market data and produce trading signals
    • State-of-the-art software
    • Technically competitive, safe and secure
    • Customizable trading
    • Detailed profiles

    Support information

    Potential and existing customers can contact the support team via telephone to speak directly to a live representative: There are two phone numbers available for UK and Nigeria, +44 – 20 – 3519 – 1290 and +234 – 144 – 08191 respectively. You can even send an email to [email protected] if you prefer. For those South African traders who do not wish to wait for a reply, they can simply use the live chat which is available 24/5. By doing so they can sort out any issues they might be having with their account or if they just have some questions about trading.

    Payment methods

    South African traders can deposit via several payment methods such as Visa or Mastercard, Paysafe card, bank wire transfer or even Neteller. Deposit funds are automatically converted to either GBP, USD or EUR by RallyTrade. Please note that before a withdrawal is accepted, traders should provide copies of their passport, a recent utility bill like an electricity bill and copies of their credit card used to fund their trading account. Minimum deposit is set to $100 or even more depending on the account type that you choose.

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