Heard of Rallyvilleglobal.com trading platform? Really want to find more details before choosing the broker? You can carefully read the RallyVille Markets reviews to know about this forex broker whether to use or not.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
RallyVille Markets: What is it?
RallyVille Markets otherwise known as Rallyvilleglobal.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
What We Discovered about RallyVille Markets Broker
First of, RallyVille Markets open presents its address in Hong Kong. But this legal entity is not among the brokers authorized by the Hong Kong Securities and Futures Commission (SFC).
Again, RallyVille Markets claims to operate in another regulated jurisdiction, Australia. However, this company is not a licensed forex broker but is involved in the retail of food and other commodities.
As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does RallyVille Markets Have Account Types?
RallyVille Markets minimum deposit is specified $100. In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
Additionally, RallyVille Markets claims to offer leverage up to 1:400. Regulated brokers do not offer such levels to retail traders as trading with high leverage carries risks of sudden and excessive losses.
We were unable to ascertain what payment methods were available.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
RallyVille Markets Trading Software
RallyVille Markets uses access to the leading platform – MetaTrader 4. Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
RallyVille Markets Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Rallyvilleglobal.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
RallyVille Markets appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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