Pros
  • Wide range of tradable assets, including Forex, commodities, indices, options, and equities.
  • Offers multiple account types and funding methods to cater to different trading needs and preferences
  • Competitive Spreads and High Leverage
  • RallyTrade offers copy trading, allowing less experienced traders to copy the trades of successful traders
  • No Fees on Deposits or Withdrawals
Cons
  • Lack of Additional Trading Tools
  • Regulatory Status Unclear
  • RallyTrade offers a high leverage of up to 1:1000, which can be risky for traders as it can lead to significant losses
  • Some traders have reported withdrawal delays with this broker

Reviewed broker: RallyTrade

Note: the broker is previously known as Forex Rally

Operated by FRNG Nigeria

Established in 2015

Location: Nigeria

Regulation: not regulated

Trading instruments: Forex, Commodities, Indices and Options

Awards: BEST NEWCOMER IN THE REGION – AFRICA

Trading Conditions

Account currency base: USD / NGN

Spreads from from 1.2 pips

Leverage up to 1:1000

Lot size micro lot (0.01)

Personal account manager: pro account with minimum requirement $1,000

Technical indicators: 30

Advanced charting: yes

One click trading: yes

Social trading: yes

Bulk order closing: yes

Trading robots: yes

ADVANCED ANALYTICAL TOOLS for traders

Up to 1:1000 LEVERAGE

NO DEALING DESK EXECUTION

STRAIGHT THROUGH PROCESSING of orders

Account types: basic, standard, pro

Basic account

  • Withdrawable Welcome Bonus
  • Personal Account Manager
  • FreeEducation Package
  • Fixed Spread 1.6 on EUR/USD
  • Leverage up to 1:1000 (if meta 1:500)
  • Minimum Deposit $100 (or its equivalent in Naira)

Standard account

Perfect for Medium-to-large sized businesses.

  • Withdrawable Welcome Bonus
  • Personal Account Manager
  • FreeEducation Package
  • Floating Spreads:Average 1.2 on EUR/USD
  • Leverage up to 1:1000 (if meta 1:500)
  • Minimum Deposit $500 (or its equivalent in Naira)

Pro account

The plan is best suited for large corporate websites.

  • Lowest Commissions
  • Personal Account Manager
  • Private Session with Chief Financial Adviser and Analyst
  • Starting from: 0 Spreads
  • Leverage up to 1:1000 (if meta 1:500)
  • Minimum Deposit $1000 (or its equivalent in Naira) 

Trading Platforms

MetaTrader 4: The mainstay of the trading industry

As one of the world’s most popular trading platforms, MT4’s strengths lie in its simplicity. Traders benefit from a wide variety of inbuilt analytical tools and an ever growing community enabling you to add indicators, oscillators and countless automatic strategies.

  • Easy to use
  • Trade your way
  • Launched in 2005

Optimise your technical trading

Use MT4’s powerful pattern recognition tool to spot emerging trends to trade with. Define entry and exit points, and set stop loss and profit taking levels. Our one-click dealing system also means you can enter or exit trades quickly and efficiently.

Strategy Tester

Test and optimize your trading strategies with the MT4 Strategy Tester. Backtest your strategies on all market assets and intervals and find the best solution for yourself!

Expert Advisors

Utilize the MT4’s unique feature of EA’s by using the many available solutions for automated trading from the MQL4 community.

MetaTrader 5: The Next Generation Trading Platform

MetaTrader 5 is a powerful trading platform designed to meet the needs of today’s traders. With a host of advanced features, MT5 offers greater flexibility, enhanced performance, and a more intuitive user interface.

Easy to Use MT5’s user-friendly interface makes it easy for traders of all levels to access a wide range of tools and features. Whether you’re a beginner or an experienced trader, MT5’s intuitive design allows you to customize your trading experience and access the information you need quickly and easily.

Trade Your Way With MT5, you have the freedom to trade your way. Choose from a wide range of order types, including market, pending, and stop orders, and execute trades with lightning-fast speed. MT5 also offers hedging capabilities, allowing you to hold both long and short positions simultaneously.

Built on experience As the successor to the widely popular MT4 platform, MT5 builds on years of experience and feedback from traders. With a strong track record of success, MT5 is trusted by millions of traders worldwide.

Rally xTrader

The xTrader 5: trading, upgraded. Whether you’re a new or experienced trader, our award-winning, easy to use platform is designed to deliver results

  • Award-winning
  • Superior execution speeds
  • Easy to use

Trading Calculator

xTrader 5’s advanced trading calculator instantly determines how much profit or loss you could make depending on your stop loss, lot size, and limit order, allowing you to make more informed trading decisions in the blink of an eye.

Advanced Chart Trading

Market orders, stop losses, take profits, pending orders – execute all your trades directly from the charts. Our one-click dealing system gives your trading a more fluid, controlled feel.

Trader Statistics

Analyse yourself as well as the markets with live performance statistics that inform you which markets you’re most successful in, including specific win ratios on your long and short trades.

Advanced Technical Analysis

Harness the power of xTrader 5 and trade smarter by accessing popular technical indicators including Fibonacci Retracement, Moving Averages, RS, and more.

Bulk Order Closing

Lock in profits or limit your losses by closing all winning or losing trades with one click – or close all your open positions at once using technology that places a high emphasis on ease of execution.

Trader’s Talk

Tune into the latest market news and analysis with our live audio feed directly in the platform. This free feature allows you to learn key breaking news instantly, giving you the chance to take advantage of real-time market opportunities.

Top movers

See all the major market moves and volatility in one place with our heatmap and top movers tab.

Payment Options

Minimum deposit requirement: $100

Payment methods: credit cards, Neteller, Skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay.

Customer Support

Customer assistance: email, phone, online chat

How was the rating of Rallytrade performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Rallytrade FX broker performance and features. 

Overall our online Rallytrade review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Rallytrade or you find inaccurate details Rallytrade broker review please get in touch with us and the changes will be applied.  

RallyTrade Details

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