*Please note that the information provided on the table is based on the available details and general knowledge. It's always recommended to visit the broker's official website or contact them directly for the most accurate and up-to-date information.
Overview of Rallyville Markets
Rallyville Markets is an Australian-based forex broker that provides trading services to clients globally. Rallyville Markets offers a diverse range of trading assets across various markets. Traders can access multiple markets where they can trade Forex, Commodities, and Indices. Rallyville Markets offers favorable trading conditions, with a leverage ratio up to 1:400, which is relatively high, providing traders with greater flexibility in managing their trading strategies. To open a trading account with Rallyville Markets, a minimum deposit of $100 is required. This relatively low minimum deposit requirement makes it accessible for traders with different levels of capital to start trading with the broker.
Rallyville Markets utilizes the popular MetaTrader 4 (MT4) trading platform, which is widely recognized and preferred by traders worldwide. MT4 offers a comprehensive suite of trading tools and features, including advanced charting capabilities, a wide range of technical indicators, and the ability to automate trading strategies using expert advisors (EAs). Apart from the MT4 trading platform, this broker also provides its proprietary trading platform called Rallyville Markets platform.
Rallyville Markets provides customer support to assist traders with their inquiries and concerns. The availability of customer support is typically provided during trading hours, which are usually 24 hours a day from Monday to Friday (24/5).
Is Rallyville Markets legit or a scam？
As for regulation, Rallyville Markets says it is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with number 41698. However, it has been verified that the broker has two licenses, namely regulated ASIC and offshore regulated VFSC. That is why its regulatory status on WikiFX is listed as “Regulated” and it receives a relatively high score of 8.04/10. Please be aware of the risk.
Pros and Cons
Rallyville Markets offers several advantages and considerations to potential traders. One of its key strengths lies in its multiple regulatory oversight, with the broker being regulated by ASIC, ensuring a certain level of transparency and security for clients. The company also boasts a long establishment in the industry, which can inspire confidence in its reliability. Traders will appreciate the variety of trading platforms available, including the popular MT4 and user-friendly WebTrader. Additionally, Rallyville Markets provides a diverse range of trading assets, including forex, commodities, and indices, offering leverage up to 1:500, enabling traders to amplify their positions. On the downside, Rallyville Markets had its VFSC license revoked, which may raise concerns among potential clients. The available payment options are relatively limited, and the broker offers fewer educational resources compared to some competitors. Furthermore, the minimum deposit requirement is relatively high at $100. Customer support is primarily limited to email communication, which might be a drawback for traders who prefer more immediate assistance.
Market Intruments
Rallyville Markets provides a wide range of market instruments to cater to the diverse needs of traders. The broker offers access to the forex market, allowing clients to trade major currency pairs, crosses, and exotic currency pairs. In addition to forex, Rallyville Markets offers trading opportunities in the commodities market, including popular commodities such as gold, silver, and crude oil. Traders can also engage in indices trading, gaining exposure to global stock market indices and tracking their performance. This diverse selection of market instruments enables traders to diversify their portfolios and capitalize on various market opportunities.
Account Types
Rallyville Markets offers two types of trading accounts to suit the needs of different traders: a live account and a demo account. The live account is designed for traders who are ready to start trading with real money. It provides access to the full range of trading instruments and features offered by the broker, allowing traders to execute trades in real market conditions. On the other hand, the demo account is a practice account that allows traders to experience the trading platform and test their trading strategies without risking any real money. It is a valuable tool for beginners to gain hands-on experience and for experienced traders to refine their strategies. The availability of both live and demo accounts ensures that traders can choose the account type that best aligns with their trading goals and experience level.
How to open an account？
Opening an account with Rallyville Markets involves the following simple steps:
Visit the official website of Rallyville Markets at https://rallyvilleglobal.com/. Click on the “Open Account” or “Register” button.
Complete the registration form by providing accurate personal details, including name, email address, phone number, and country of residence.
Choose the desired account type, such as a live account or a demo account.
Read and accept the terms and conditions, privacy policy, and other relevant documents.
After submitting the registration form, your account will be verified, and upon approval, you will receive login credentials to access your trading account. Funding the account, exploring the trading platform, and initiating trades can then be done accordingly.
Leverage
Rallyville Markets offers competitive leverage options to enhance your trading experience. With leverage up to 1:500, you have the potential to amplify your trading power and seize opportunities in the financial markets. Leverage allows you to control a larger position in the market with a smaller amount of capital, enabling you to potentially maximize your potential returns. However, it is important to approach leverage with caution and carefully manage your risk, as higher leverage also entails higher exposure to potential losses. Rallyville Markets strives to provide flexible leverage options that cater to the diverse needs of traders, empowering you to make informed decisions and navigate the markets with confidence.
Non-Trading Fees
When it comes to non-trading fees, this broker ensures a straightforward and cost-effective approach. While specific details may vary, Rallyville Markets typically strives to keep non-trading fees minimal. Common non-trading fees that traders may encounter with other brokers, such as inactivity fees or account maintenance fees, are not prominent with Rallyville Markets. However, it is always important to review the broker's terms and conditions or contact their customer support for the most up-to-date and accurate information regarding non-trading fees. By focusing on providing a streamlined trading experience without unnecessary fees, Rallyville Markets aims to support traders in achieving their financial goals without the burden of excessive costs.
Trading Platform
Rallyville Markets offers the widely acclaimed MetaTrader 4 (MT4) trading platform, known for its advanced features and user-friendly interface. MT4 is a powerful and versatile platform that caters to the needs of both beginner and experienced traders. It provides a comprehensive range of tools and functionalities to analyze markets, execute trades, and manage positions effectively.
With the MT4 platform, traders have access to real-time market quotes, customizable charts, and a wide selection of technical indicators for conducting in-depth market analysis. The platform also supports the use of automated trading strategies through Expert Advisors (EAs), allowing traders to automate their trading decisions and execute trades based on predefined rules.
In addition, MT4 offers a wide range of order types, including market orders, limit orders, stop orders, and trailing stops, enabling traders to implement their preferred trading strategies with precision and flexibility. The platform also supports one-click trading, allowing for fast and efficient trade execution.
Furthermore, MT4 is available for various devices and operating systems, including desktop computers (Windows and Mac), smartphones (iOS and Android), and web browsers. This ensures that traders can access their trading accounts and monitor the markets at any time and from anywhere, providing the flexibility to trade on the go.
Copy Trading
Rallyville Markets offers a copy trading feature, allowing traders to automatically replicate the trades of successful and experienced traders. This feature, also known as social trading.
It is important to note that while copy trading can be a valuable tool, it is not without risks. Traders should carefully consider the performance history, risk levels, and overall strategy of the traders they choose to copy. Additionally, past performance is not indicative of future results, and traders should always exercise caution and perform their own due diligence.
Deposit & Withdrawal
Rallyville Markets offers a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards (such as Visa or Mastercard), and online payment processors (e.g., Skrill, Neteller). The broker claims that it does not charge any deposit and withdrawal fees, but it is recommended to consult the broker's official website or contact their customer support for precise information on any associated charges.
When it comes to processing time, it may vary depending on the chosen payment method. Generally, deposits made through electronic payment methods are processed instantly or within a few hours, while bank wire transfers may take a longer time, typically ranging from one to several business days.
Customer Support
Contact Channels: Rallyville Markets offers multiple contact channels to cater to different preferences and convenience. Traders can reach out to the broker's customer support team via email, phone, or live chat.
Educational Resources
Rallyville Markets does not provide an extensive range of educational resources, it offers a helpful guideline on how to use the popular MetaTrader 4 (MT4) trading platform. The MT4 guideline provided by Rallyville Markets covers various aspects of the platform, including its installation, account setup, chart analysis tools, order placement, and risk management features. The guideline provides step-by-step instructions, screenshots, and explanations to facilitate a comprehensive understanding of the MT4 platform's capabilities.
Conclusion
In conclusion, Rallyville Markets is a forex broker registered in Australia that offers traders access to a range of trading instruments, including forex, commodities, and indices. With a well-established presence and multiple regulations, the broker strives to provide a reliable and secure trading environment for its clients. The leverage of up to 1:500 allows for flexible trading positions, while the minimum deposit requirement of $100 makes it accessible to traders of various experience levels. The availability of the popular MetaTrader 4 (MT4) trading platform offers a familiar and feature-rich trading experience. However, it is important to note that the broker's educational resources are limited, with a focus on providing a guideline for using the MT4 platform rather than comprehensive educational materials. Customer support is available through email, offering assistance during trading hours. While Rallyville Markets offers attractive trading conditions and a diverse range of trading instruments, traders should be aware of the revoked VFSC license and exercise caution when considering this broker for their trading needs.
FAQs
Q: Is Rallyville Markets regulated？
A: Yes, Rallyville Markets is regulated by the Australian Securities and Investments Commission (ASIC).
Q: What trading instruments are available？
A: Rallyville Markets offers a variety of trading instruments, including forex currency pairs, commodities such as gold, silver, and crude oil, as well as indices.
Q: What is the minimum deposit requirement？
A: The minimum deposit required to open a live trading account with Rallyville Markets is $100.
Q: What trading platform does Rallyville Markets offer？
A: Rallyville Markets provides the MetaTrader 4 (MT4) trading platform, a popular and widely used platform among traders.
Q: What payment methods are available for deposits and withdrawals？
A: Rallyville Markets accepts various payment methods, including bank wire transfer and credit/debit cards. However, it is recommended to check with the broker for the specific payment options and fees associated with each method.
Q: How long does it take to process deposits and withdrawals？
A: The processing time for deposits and withdrawals may vary depending on the chosen payment method. It is advisable to refer to Rallyville Markets' official website or contact their customer support for accurate information on processing times.
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