There is a lot of mystery surrounding Rallyville Markets broker and its operations. We wanted to expose the truth and find out whether you can trust them with your hard-earned money.
The best way to find out about the company’s status is by checking the license and the official owner, as we did with Capital Markets Elite Group. And here, this firm wasn’t quite honest, which will show up in our Rallyville Markets review.
There’s a big question about Rallyville Markets regulation that was not easy to answer. The company says to have official offices in Australia and Hong Kong, while their legal documents mention another firm registered in Vanuatu.
Assuming the two are related, it still means nothing to you as a trader. Offshore regulators don’t offer any kind of financial security, nor do they obligate brokers to form compensation funds. Lastly, offshore brokers don’t follow ESMA, ASIC, or any other rules. They can offer any leverage, promise anything, and still provide nothing. A reason more to stay away.
We did a detailed search of Rallyville Markets traffic and found them advertising mainly in the following countries:
This makes sense, considering their claims to be based in Australia. However, most of these countries have their respective regulators and don’t allow offshore brokers to solicit investors without appropriate registration.
Surprisingly, Rallyville Markets’ trading platform is quite good, as the company offers a distribution of MT4. MetaTrader 4 is one of the best software in the industry, with a large number of trading tools and indicators.
Both MetaTrader versions, including MT5, offer a vast range of features, including robotic trading and social trading. There are many add-ons you can install for in-depth market analysis. On top, you can open a more significant number of orders than would be possible with a basic WebTrader.
Another great benefit this software offers is access to Android and iOS trading apps. You can trade on-the-go, without needing to have your desktop or laptop at all times. This makes access to trading quicker and helps you follow the market through push notifications.
The range of tradable instruments is a bit limited as the brokerage doesn’t offer access to the crypto market. Instead, you can choose from one of the following asset classes:
The company advertises a spread of 0.7 pips for the EUR/USD benchmark, which complies with the platform’s offers. Furthermore, they charge 1 point on indices and 0.3 points on gold. As per shares, you can expect to pay $9.90 per lot or 0.075%.
While we didn’t find a dedicated list of Rallyville Markets account types, the company does provide a trial account. You can register and test the MT4 terminal free of charge.
Once you decide to trade, you will be required to deposit a minimum of $100. While it’s not a significant amount, it should be noted that your funds are not safe. Despite website claims that your money is kept in segregated accounts, offshore regulators are infamous for not checking such things.
The company accepts only one payment method: a bank wire transfer. Oddly, they don’t allow the usage of safer options, such as credit cards or e-wallets. With each of these, you have protection in place, such as a chargeback or a money-back guarantee.
However, we have no other details besides the information that you have to use your own bank account for a deposit and Rallyville Markets withdrawal. Not regarding the minimum amount, fees, or any other valuable insight.
If you have trouble with Rallyville Markets or any similar trading website, you can contact Global Fraud Protection. Our chargeback experts will review your case during a free consultation to find a way to assist.
Don’t hesitate to share your story! We’ve been working with financial victims for years and can distinguish between cases with the potential for legal recovery and those without. Get in touch today, and let us do our job!
Rallyville Markets presumably holds an offshore license from Vanuatu. Since VFSC is not the most reliable regulatory body, we advise you to withdraw your funds and, in case of issues, contact us for help.
Yes, Rallyville Markets offers its customers access to the MT4 terminal.
The brokerage requires a minimum deposit of $100 to open a Live account.
Rallyville Markets presumably holds an offshore license from Vanuatu. Since VFSC is not the most reliable regulatory body, we advise you to withdraw your funds and, in case of issues, contact us for help.
Yes, Rallyville Markets offers its customers access to the MT4 terminal.
The brokerage requires a minimum deposit of $100 to open a Live account.
The post A True Story of Rallyville Markets Summarized in a Review appeared first on Global Fraud Protection.
