Rally Trade Journal
| Journal status: live Rally Trade joined in | not yet |
Rally Trade Profile
Website
Year
2014
Country
Nigeria
Branches
1
Regulation
not regulated
Registration
Financialcommission.org
Investor protection
Fund protection
Financialcommission.org
Publicly traded
no
Restricted in
Not serving
х Afghanistan, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iraq, Ireland, Italy, Laos, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Korea, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Syria, US, Uganda, Vanuatu, Yemen
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none
Rally Trade Accounts
MM
DMA
Minimum Deposit
100 $
1000 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.6 pips
0 pips
Commission
0 $/lotRT
5 $/lotRT
Volume
50 lots
50 lots
Margin Call
90 %
90 %
Stop Out
50 %
50 %
Execution
Instant
Market
Spread
fixed
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, ETranzact, Interswitch, VoguePay, WemaBank, Zenith
Base currency
USD, NGN
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
| Update broker |
- Full listing profile: Rally Trade broker profile
Is Rally Trade safe?
- Investor protection: Financialcommission.org
- Regulation: not regulated
- Registration: Financialcommission.org
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: yes
- Negative Balance Protection: no
Is Rally Trade trusted?
- Information transparency: sufficient
★★★ - Customer service: not so helpful
★★ - Rally Trade website: semi-detailed, updated
★★★ - Rally Trade popularity (by visitor count): low visits
★★
How Rally Trade works
11.1. Rally Trade will perform Negative Balance (NB) Corrections for accounts that have a balance lower than zero.
12. Conflict of Interest
12.1. RallyTrade applies the principle of “Chinese walls” by separating the departments that might be affected by potential conflict of interests from the departments that are directly cooperating with Clients. The organizational structure and procedures are built in such a way as to ensure full autonomy of the departments and lack of dependency between departments having direct contact with Clients and departments which undertake activities which might cause potential conflict of interest.
12.3. RallyTrade’s Trading department shall always present the BID and ASK price for a certain Financial Instrument. The quotation formed by BID and ASK shall be used by the Client at his/her own discretion in order to open/close a position. Trading Department will never know the Clients’ intention regarding the direction of his/her Transaction.
https://www.rally.trade/uploads/docs/terms-and-conditions.pdf
1.5. RallyTrade might rely on its own counterparties in order to execute certain Clients’ Orders.
9. The Place of Execution
RallyTrade will serve as a counterparty for the transactions with Financial Instruments. Therefore, RallyTrade will be considered to be the place of execution, unless it is stipulated differently in the Terms and Conditions.
https://www.rally.trade/uploads/docs/order-execution-policy.pdf
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