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RallyMarkets Review

RallyMarkets Trading South Africa

RallyMarkets is a new CFD Crypto and Forex Broker, that came onto the scene in May 2021. They are now out of business!

They are officially owned and operated by: Ribova Holding Investments (PTY) LTD. Address: Polvadera Peak Place, Midlands Estate, Olifantsfontein, Gauteng 1683, South Africa. Contact phone number is: +27104470270 and email address is: [email protected]. Official website is at: https://www.RallyMarkets.com/.

For complaints or withdrawal problems, read more here.

RallyMarkets Review

A quick review of the broker called RallyMarkets finds, that the trading app they are offering investors is the EasyTrader app made by Easy Technologies. They offer the easy to use web-based CFD trading platform, or you can download the Forex industry standard MT4 trading platform. A mobile trading app is available for Apple and Android user.

Shortly after writing this review, a client of theirs said that they are affiliated with Tredero. Once you sign up for this broker, you start getting phone calls from the same customer service agents, pitching you to invest with Tredero.

Take a look at the screenshot below, and you can see what the web-based trading platform looks like. You will see hundreds of underlying assets available for CFD trading against the Dollar or Bitcoin including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes.

RallyMarkets website and trading platform is available in a few languages; English, Spanish and Arabic. 3 Account Types are offered with the minimum deposit starting at $500. Base currency is set to USD by default. There doesn’t seem to be a way to change the base currency to ZAR. Leverage / Margin trading is available up to 400:1. When making a deposit, you can choose from; Credit Card, Plus Debit, AstroPay, Ozow, Neteller, Skrill, Pay Retailers and InstantEFT by PayFast.

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Is RallyMarkets a Regulated Broker?

Yes, RallyMarkets is licensed and regulated in South Africa by the FSCA with FSP No. 49213 and Reg. No. 2010/020633/07.

Scam Broker Investigator uses a very simple method when reviewing a Forex broker to see if they are legitimate or a scam broker. We look to see if the broker is licensed and regulated by any one of the popular government regulators like; FSCA South Africa, FCA United Kingdom or ASIC Australia. All online brokers in Europe must be licensed and regulated by the financial regulatory agency in their country.

You will see popular CFD brokers that are licensed and regulated listed here.

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There are many online brokers to choose from today, and therefore, you should look at the most popular licensed brokers.

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