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RCG Markets

Updated : 2026/04/09

2.34

/10

Score

C

Influence

Review Summary

RCG Markets Review Summary

RCG Markets is a South Africa broker,Established in 2021,Regulated by Financial Sector Conduct Authority,Opening an account is easy and completely digital. You can choose from 8 account types,The trading platform uses MT5、MT4 software and supports ,Unfortunately the IOS、Android、Windows、MacOS、Web、Others application is not supported,Customer service Support English,Main service South Africa,The influence of RCG Markets is mainly distributed in Germany、France、India、Kenya、Namibia、Portugal、United States、Vietnam、South Africa、Zimbabwe, with an average influence index of 5.75 and an overall rating of C,WikiFX Score gave RCG Markets a score of 2.34.
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Features

RCG Markets Pros & Cons

Pros

  • Regulated by FSCA

  • Full license MT4/5 trading platform

  • Multiple account type options

Cons

  • Multiple exposures

  • The broker has a low WikiFX score

  • Biometrics are not available for trading software

RCG Markets Key Highlights

  • 🌎

    Regulatory Jurisdiction

    South Africa

  • 📈

    Trading platform

    MT5、MT4

  • 🤔

    Deposit REQ

    R50

  • 📊

    Maximum Leverage

    1:10000

  • 🔒

    Crypto

    Not supported

  • 📧

    EA trading

    Supported

  • 📝

    Accounts

    SYNTHETICS、SWAP FREE/ISLAMIC、RCG ZERO CENT、IMPERIAL BONUS 200、ROYAL 100、RCG ECN、RCG CLASSIC、RCG RAW

Safe

Safe

RCG Markets is regulated by Financial Sector Conduct Authority and other financial institutions, RCG Markets is based in South Africa and was founded in 2021. Is RCG Markets safe?

We strongly recommend you check two things: how you are protected if something goes wrong, and what the broker’s background is.

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Open Account

Open Account

RCG Markets's account opening is easy and completely digital. You can choose from 8 account types according to the minimum deposit, available trading platforms and trading varieties.

RCG Markets Trading Environment Report:

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Trading Platform Experience

Trading Platform Experience

RCG Markets uses the MT5、MT4 trading platform, and supports for selection. This review uses the MT5 trading platform, which is highly customizable, available in multiple languages, and has clear expense reports. It has a good search function and clear expense reports but lacks the two-step login and biometric authentication.

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Web Platform Review

RCG Markets uses the MetaTrader online trading platform. It is highly customizable and has clear expense reports. But the two-step login and price alerts are missing.

Pros

  • 清除费用报告(前端未翻译)

  • Good customizability (for charts, workspaces)

  • Order confirmed

Cons

  • No two-step verification (2FA) for more secure logins

  • No price alert

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Mobile Platform Review

RCG Markets has a great mobile trading platform that provided by MetaTrader 5. It's well-designed and user-friendly, and has a good search function, but the login option could be better.

Pros

  • Easy to use

  • Good search functionality

  • Price Alerts

Cons

  • No two-step verification (2FA) for more secure logins

  • No Touch/Face ID Login

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Desktop platform test

In terms of design and function, RCG Markets's MetaTrader 5 desktop platform is roughly the same as the web trading platform, except that you can set price alerts here.

Pros

  • 清除费用报告(前端未翻译)

  • Good customizability (for charts, workspaces)

  • Price Alerts

Cons

  • No two-step verification (2FA) for more secure logins

  • Bad design

RCG Markets's desktop platform is MetaTrader 5.

It shares the same design, supported languages, and order types (including trailing stops) as the web trading platform, along with identical search capabilities. Both portfolio and fee reports are equally clear and transparent.

The main difference is that you can set up alerts and notifications on the desktop trading platform in the form of mobile push or email notifications. To set these up, you have to add your email address and mobile MetaQuotes ID (you can find it in the settings of the MT5 application). You can add them by going to "Tools" and click "Options".

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Research

Research

We have tested various research tools available on the MetaTrader platform. Good research tools can help traders better understand market trends and formulate trading strategies. The followings are some of the research tools available on the MetaTrader platform:

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Customer Service

Customer Service

RCG Markets's customer service support 7 languages、1 regions,You can contact them through Phone、Email、IM software and receive most of the relevant answers, but the waiting time might be longer.

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News

News

ExposureRCG Markets Exposed: License Verification & Trader Complaints

RCG Markets holds a valid FSCA license. Reports show withdrawal rejections & stop‑loss issues. Traders urged to verify details and exercise caution.

WikiFX
03-06
RCG Markets Exposed: License Verification & Trader Complaints

ExposureRevealing Dark Secrets of RCG Markets: Fake Bonuses, Manipulated Spreads & Withdrawal Denials

Lured into trading by RCG Markets with fake bonus schemes? Are manipulated and widened spreads draining your capital? Do you have to wait endlessly to receive withdrawals? These are obvious signs of a potential scam that may hit you. Many forex traders face these issues when trading through RCG Markets. Their frustration over these incidents has become evident on several broker review platforms. We scanned their reviews and presented some of them in this article. Take a look.

WikiFX
2025-08-21
Revealing Dark Secrets of RCG Markets: Fake Bonuses, Manipulated Spreads & Withdrawal Denials

NewsWikiFX Reviews RCG Markets | Is It Safe?

In today’s article, WikiFX will be taking you on an in-depth review of RCG Markets, which is a relatively new Forex broker within the industry that was established in 2018.

WikiFX
2023-03-06
WikiFX Reviews RCG Markets | Is It Safe?

ExposureThe Secret Relationship Between RCG Markets and FBK Markets

RCG Markets and FBK Markets are both forex brokers running businesses in South Africa. What is the secret behind the two?

WikiFX
2023-02-27
The Secret Relationship Between RCG Markets and FBK Markets

ExposureSex in a car? RCG Markets' Leadership Monhla was reportedly "very busy" when he hosted classes.

There is a hidden side to trading mentors who are in the public eye, especially those mentors who work with brokers with low WikiFX ratings. They cannot even be able to discipline themselves. Is it really safe to invest in such a broker?

WikiFX
2023-02-22
Sex in a car? RCG Markets' Leadership Monhla was reportedly "very busy" when he hosted classes.

NewsRCG markets. The latest South African Broker to join the ranks or another ticking time bomb?

If you have been trading in South Africa for any amount of time you would come to know how quickly brokers can turn to scams as the FSCA has shut down a considerable number of forex institutes. There are few local brokers you can trust as almost every day we encounter brokers with regulatory status and bad customer service. Today we look at the latest South African broker to join the industry and we will be looking to see if the broker is indeed reliable or not.

WikiFX
2022-10-13
RCG markets. The latest South African Broker to join the ranks or another ticking time bomb?
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Review

(0)

Comment

6 Comments
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All (6) Positive (1) Neutral (3) Exposure (2)

The methodology and disclaimer of this test

The methodology and disclaimer of this test

WikiFX’s tests are grounded in reliable data and impartial information, delivering objective analysis based on factual evidence. We understand finding the right broker can be challenging. That’s why we employ a scientific, multi-dimensional, and professional data model to conduct our fair and rigorous evaluations.

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But when it comes to regulation, you'll be careful.","TranslateTitle":"RCG Markets: Varied Account Options, but Regulatory Caution Advised","TranslateContent":"RCG MARKETS has a few different account types you can choose from, which is good for traders with different needs. 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Plus, the stop-loss and limit order features provide some excellent risk control.","TranslateTitle":"I love the transparency","TranslateContent":"I love the transparency of historical trade records. Plus, the stop-loss and limit order features provide some excellent risk control.","CountryCode":"840","CountryName":"United States","Flag":"https://img.souhei.com.cn/flags/840.png_wiki-template-global","ShareUrl":"https://apphtml.0067.cc/mobile/trader?code=1493567572&languageCode=en&countryCode=840","ShowTime":"2024-06-26T05:40:24","UpdateTime":"0001-01-01T00:00:00","TraderCode":"1493567572","SubjectCode":null,"ShowTimeTimestamp":1719380424,"ShowTimeTimestampMs":1719380424000,"TraderInfo":{"code":"1493567572","name":"RCG Markets","ico":"https://eimgjys.fxeyee.com/ico/1493567572/FXT1493567572_792274.png_wiki-template-global","type":1,"project":0},"ApplaudCount":0,"StepUpCount":0,"ForwardCount":0,"ViewCount":1076,"IsApplaud":0,"IsStepUp":0,"Images":[{"abbr":"https://h8imgs.ruiyin999.cn//app/2024/06/1713954361/20240626_940365.jpg-list","detail":"https://h8imgs.ruiyin999.cn//app/2024/06/1713954361/20240626_940365.jpg-detail"}],"UserId":"1713954361","IsCloud":0,"CloudIcon":null,"RegisteredTime":"more than one year","RegisteredDuration":null,"UserName":"Anthony Davis","Avatar":"https://img.souhei.com.cn//thirdparty/1713954361/1713954361_54816.png_wiki-template-global","IsKOL":false,"RoleName":"Trader","IsImage":1,"IsReply":0,"IsTopping":false,"ReplyCount":0,"LanguageCode":"en","TransLanguageCode":null,"CommentStatus":200,"StasticId":null,"CommentScore":4,"CommentType":1,"FeedBack":"","sumtotal":0,"IsOldData":false,"ForwardCommentId":null,"ReplyContent":null,"ReplyCommentId":null},{"CommentId":"Co202212096161789718","OriginTitle":null,"OriginContent":"look what these broker did to my account...please advise me which steps should I have to take in order for me to get my cash back.","TranslateTitle":"","TranslateContent":"look what these broker did to my account...please advise me which steps should I have to take in order for me to get my cash back.","CountryCode":"710","CountryName":"South Africa","Flag":"https://img.souhei.com.cn/flags/710.png_wiki-template-global","ShareUrl":"https://apphtml.0067.cc/mobile/trader?code=1493567572&languageCode=en&countryCode=840","ShowTime":"2022-12-09T16:37:12","UpdateTime":"0001-01-01T00:00:00","TraderCode":"1493567572","SubjectCode":null,"ShowTimeTimestamp":1670603832,"ShowTimeTimestampMs":1670603832000,"TraderInfo":{"code":"1493567572","name":"RCG Markets","ico":"https://eimgjys.fxeyee.com/ico/1493567572/FXT1493567572_792274.png_wiki-template-global","type":1,"project":0},"ApplaudCount":0,"StepUpCount":0,"ForwardCount":0,"ViewCount":2448,"IsApplaud":0,"IsStepUp":0,"Images":[{"abbr":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_343590.jpg-list","detail":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_343590.jpg-detail"},{"abbr":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_833043.jpg-list","detail":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_833043.jpg-detail"},{"abbr":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_280746.jpg-list","detail":"https://h8imgs.ruiyin999.cn//app/2022/12/2791875917/20221210_280746.jpg-detail"}],"UserId":"2791875917","IsCloud":0,"CloudIcon":null,"RegisteredTime":"more than one year","RegisteredDuration":null,"UserName":"Gtee15","Avatar":"https://img.souhei.com.cn//avatar/0000000000.png_wiki-template-global","IsKOL":false,"RoleName":"Trader","IsImage":1,"IsReply":0,"IsTopping":false,"ReplyCount":0,"LanguageCode":"en","TransLanguageCode":null,"CommentStatus":200,"StasticId":null,"CommentScore":1,"CommentType":1,"FeedBack":"","sumtotal":0,"IsOldData":false,"ForwardCommentId":null,"ReplyContent":null,"ReplyCommentId":null},{"CommentId":"Co202212018711875055","OriginTitle":null,"OriginContent":"The minimum leverage is 1:500 and the maximum leverage is 1:2000, which is scary. I'm just a newbie, and such high leverage is unfriendly to me, and if I lose, I won't have to compensate a lot of money. Still, a little lower leverage is suitable for a forex novice like me who is not willing to take too much risk.","TranslateTitle":"","TranslateContent":"The minimum leverage is 1:500 and the maximum leverage is 1:2000, which is scary. I'm just a newbie, and such high leverage is unfriendly to me, and if I lose, I won't have to compensate a lot of money. Still, a little lower leverage is suitable for a forex novice like me who is not willing to take too much risk.","CountryCode":"826","CountryName":"United Kingdom","Flag":"https://img.souhei.com.cn/flags/826.png_wiki-template-global","ShareUrl":"https://apphtml.0067.cc/mobile/trader?code=1493567572&languageCode=en&countryCode=840","ShowTime":"2022-12-01T04:23:18","UpdateTime":"0001-01-01T00:00:00","TraderCode":"1493567572","SubjectCode":null,"ShowTimeTimestamp":1669868598,"ShowTimeTimestampMs":1669868598000,"TraderInfo":{"code":"1493567572","name":"RCG Markets","ico":"https://eimgjys.fxeyee.com/ico/1493567572/FXT1493567572_792274.png_wiki-template-global","type":1,"project":0},"ApplaudCount":0,"StepUpCount":0,"ForwardCount":0,"ViewCount":2416,"IsApplaud":0,"IsStepUp":0,"Images":[],"UserId":"1087915898","IsCloud":0,"CloudIcon":null,"RegisteredTime":"more than one year","RegisteredDuration":null,"UserName":"Ahwei","Avatar":"https://img.souhei.com.cn//thirdparty/1087915898/1087915898_13405.png_wiki-template-global","IsKOL":false,"RoleName":"Trader","IsImage":0,"IsReply":0,"IsTopping":false,"ReplyCount":0,"LanguageCode":"en","TransLanguageCode":null,"CommentStatus":200,"StasticId":null,"CommentScore":1,"CommentType":1,"FeedBack":"","sumtotal":0,"IsOldData":false,"ForwardCommentId":null,"ReplyContent":null,"ReplyCommentId":null},{"CommentId":"Co202212019631757171","OriginTitle":null,"OriginContent":"I just opened an account with this broker, then I cannot log in my personal account? \nTheir customer support team told me that there was an error in my account. \nHave you guys ever encountered this situation? I am so anxious, and they just told me calm, clam…","TranslateTitle":"","TranslateContent":"I just opened an account with this broker, then I cannot log in my personal account? \nTheir customer support team told me that there was an error in my account. \nHave you guys ever encountered this situation? I am so anxious, and they just told me calm, clam…","CountryCode":"566","CountryName":"Nigeria","Flag":"https://img.souhei.com.cn/flags/566.png_wiki-template-global","ShareUrl":"https://apphtml.0067.cc/mobile/trader?code=1493567572&languageCode=en&countryCode=840","ShowTime":"2022-12-01T04:04:32","UpdateTime":"0001-01-01T00:00:00","TraderCode":"1493567572","SubjectCode":null,"ShowTimeTimestamp":1669867472,"ShowTimeTimestampMs":1669867472000,"TraderInfo":{"code":"1493567572","name":"RCG Markets","ico":"https://eimgjys.fxeyee.com/ico/1493567572/FXT1493567572_792274.png_wiki-template-global","type":1,"project":0},"ApplaudCount":0,"StepUpCount":0,"ForwardCount":0,"ViewCount":2130,"IsApplaud":0,"IsStepUp":0,"Images":[],"UserId":"1069133524","IsCloud":0,"CloudIcon":null,"RegisteredTime":"more than one year","RegisteredDuration":null,"UserName":"sitao","Avatar":"https://img.souhei.com.cn//thirdparty/1069133524/1069133524_30221.png_wiki-template-global","IsKOL":false,"RoleName":"Trader","IsImage":0,"IsReply":0,"IsTopping":false,"ReplyCount":0,"LanguageCode":"en","TransLanguageCode":null,"CommentStatus":200,"StasticId":null,"CommentScore":2,"CommentType":1,"FeedBack":"","sumtotal":0,"IsOldData":false,"ForwardCommentId":null,"ReplyContent":null,"ReplyCommentId":null}]},"traderCode":"1493567572","code":"1493567572"}

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