The Company. Security of Funds
It was founded in the year 2016. RallyTrade is an online broker located in Nigeria that allows trading on a many financial instruments including a variety of currencies, various CFDs ETFs, precious metals and binary options.
The brand is owned and operated under the control of Infinity FRNG Limited. In the present, there are no regulations governing trading of foreign exchange in Nigeria and there is no regulatory authority in place, the company is overseen through the Financial Commission (FinaCom), an outside dispute settlement (EDR) agency.
FinaCom FinaCom can be described as an EDR organisation that serves as a neutral third-party when there is a dispute between the binary and forex option markets that arise between members of the organization and their customers. The compensation fund can cover judgments of up to $20,000 or $5,000 per client, based on the kind of license.
RallyTrade is a B-Category licensed company and all clients of the company is entitled to an amount of compensation up to $5000.
Trading Conditions
Minimum Initial Deposit
To create an account at RallyTrade customers must make a minimum investment of $100. This is an extremely low of initial investment. However, some brokers need less. Grand Capital for instance, another FinaCom-licensed broker only requires a minimum of 10 dollars from customers to beginning.
Spreads & Commissions
Like most of the time for forex brokers, spreads on accounts with the lowest deposit requirement are quite wide. They averaged around 2 pips on the pair of EUR/USD. The spreads on the two other accounts however, are decent and amount to about 1.2 pip.
For more details you can find live spreads from fifteen top broker here.
Leverage
The maximum leverage level provided by RallyTrade is extremely extreme, reaching 1:1000. However, there are a number of brokers offering leverage that is equal to or greater than 1:500. Grand Capital, for instance, has leverage of up to 1:1000, which is one of the most powerful in the market.
Remember that the higher leverage, the higher the risk. There is a chance that you could lose more than the amount you’ve deposited.
Trading Platforms
RallyTrade is compatible with the traditional MetaTrader 4 (MT4) in addition to xStation.
xStation is an easy-to-use, customizable platform created in collaboration with XOpen Hub, which is packed with helpful analytical tools for technical analysis as well as a built-in economic calendar, and live market news , among other features that are advanced. Investors may appreciate more the two other features that the system offers: single-click trading and the capability to trade directly from charts and also Double up the position or reverse it at the click of one button. It also comes by social-based trading (xSocial) solutions, as well as an xOptions, an all-inclusive, internet-based trader platform for binary options.
Like many FX broker, RallyTrade also supports the standard MT4 system, which is highly regarded by the internet trading community mainly because it lets users fully automate their trades using among a range of EAs. Additionally is that it provides a variety options for technical indicators. an extensive back-testing capabilities, and a sophisticated charting tools.
Welcome bonus starting at 20 to 100 percent
Methods of Payment
Customers of RallyTrade are provided with a variety of ways to deposit money into as well as withdrawals from accounts. In addition the fact that the broker has stated in detail the fees that are applicable to every payment method:
Conclusion
RallyTrade is a relatively new Nigerian Forex as well as CFD broker, which is regulated through the Hong Kong Financial Commission. It lets traders trade in a broad array options of products (including Binary options) via two platforms for trading.
| Rally Trade Summary | |
|---|---|
| Rally Trade Details | Information |
| Regulators | |
| Country |  Nigeria |
| Base Currencies | USD, EUR |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2016 |
| Website Language | English |
| US Clients | |
| Rally Trade Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.2 |
| Commission | |
| Fixed Spreads | |
| Rally Trade Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Wire transfer, Visa Card, Master Card |
| Rally Trade Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Rally Trade Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:1000 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | 100 USD |
| Islamic Account | |
| Rally Trade Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Rally Trade Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +234 802 822 3337 |
| backoffice@rally.trade | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | 5 Bolo Street, Behind Mr Biggs, Garrison, D/Line, Port Harcourt, Rivers State |
