Forex Broker

RallyTrade review


On-line since: 2016
Country of origin: Nigeria
Regulation: -
Payment options: GT Bank, Zenith Bank, Visa, MasterCard, eTranzact, Interswitch, Neteller, Perfect Money, VoguePay
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: to 1:1000
Spreads: from 1.2 pips

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.

RallyTrade 3/10 (votes 2020)
Author of RallyTrade: Rui | Date 2019-11-04
This broker provide me a good performance since I used a demo account. 1 month after using a demo account, I got a welcome bonus of $75. It was not bad, and really happy to get the bonus. Two weeks ago I decided to make a real account with $200 deposit. One thing that I really appreciate this broker is, they never stop to giving me advice and idea for my trading. I keep continue my trading here.
Author of RallyTrade: SimanTo | Date 2019-09-30
Real Trade Group is a dishonest broker where I haven't found a perfect spread or solid orders execution. As I have experienced high spread in the standard account and always my orders executed negative slippage on the MT4 platform. I want to build an EA too but it is failed. So I was withdrawn my invest $500 via PayPal, while they hold on a few days.
Author of RallyTrade: Damsor | Date 2019-09-27
RallyTrade really worked out for me very fine. Actually, my trading strategy is scalping, so I need to trade on high volatility market, and until now, I do not get any order execution, server connection, and unseal slippage problem. Their spreads on all major pair is 1.5 pips which is very useful for my scalping. Every month I withdraw from my profit through Neteller and every time I got my money within 5 hours. I feel happy and comfortable trading with RallyTrade.
Author of RallyTrade: Porles | Date 2019-08-13
Forex trading was not in my plan at all. But I was interested on financial investments so an ad from RallyTrade popped up and I accidentally clicked it. I was redirected to their website and it looked neat and professional. I browsed it for a while and got hooked by their claims. I spent days doing research about this broker which lead me to opening an account. It has been a year and a half and there is no regret at all. I love the trading platform, the low cost, the customer service, and the payout system.
Author of RallyTrade: Nkululeko | Date 2019-01-28
Last four months, I have start forex trading with a Nigeria forex broker RallyTrade, While I have got a stable platform and reliable service from them. Especially on the platform has many features and instant execution. I have attended Kylie Agatha's webinar, which is very helpful to me. I was started with $100 and make $340 within these four months of investing. I say RallyTrade matches with me and I have found a good quality of service, execution, fairness and transparency with RallyTrade broker.
Author of RallyTrade: wpbarfx | Date 2018-11-15
Admittedly, RallyTrade is the only the broker I have traded with my own money. I started their demo account after that I came to know about their live account. They have xStation platform with many features. Their spread is ok, execution time is good too, and no reqoutes. My first I deposit was $345 and I made profit around $270 just in one months. On last Monday I requested for my 1st withdrawal of $200 through MasterCard and they send it to my account just in same day. Overall a good broker.
Author of RallyTrade: Lade | Date 2018-04-27
Rally trade nice Broker and good services till now, I think guys you have to go with rally trade, I just turn my $100 to $700 and I withdrew a $500 to my Neteller account in one day! The People who got a problem I think it maybe they don't know how to trade. My Advice is to keep trying.
Author of RallyTrade: Harena | Date 2017-12-13
Finally, the trades back to where I wanted. My patience paid off when I saw profit generated in account. Earlier, only 5 -10 usd able to generate within a week. It was really challenging when I have to wait and wait to see the profit coming in. Now, I enjoy trading forex with Rally trade MT4 work well for me. No delay on execution. Enjoy withdrew minimum profit of a $300 per month via Neteller! Flexible and quick with less than 72 hours processing time.
Author of RallyTrade: Nash | Date 2017-11-07
I would like to share about RallyTrade with you all and it is also a recommended broker and good to try especially for newbies. I am still new in forex trading and it needs a lot of hard work required to get the best trading strategy. In fact, I have been using the platform for 10 months and it was okay to use and spread is low as 1.2 pips. The most important thing, I always use stop loss and take profit settings so that I will follow my risk n reward ratio. By implement this strategy, I can know how much that I already loss and profit. Recently, I just received a profit of a 200 USD through wire transfer and the process took less than 3 days which I think it is efficient. I don’t have to wait for too long to get money credited into my bank account. I wish RallyTrade could maintain the services so I can stay trade with you. Thanks!!
Author of RallyTrade: Ben | Date 2017-10-11
I am always searching for different brokers to invest, so I came across Rally Trade, their trading conditions are quite good, and their good and old MT4 is really resourceful with a wide range of tools to use, I use my EA and it fit perfectly. Also spreads for standard account is very competitive 1.2 pips. By now I am trading with binary options with them and have no negative comments to say.
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