When the pandemic hit, I was looking for a forex trading platform, and I came across this new kid on the block called FXRally. I was employed and looking for a second income, and forex trading seemed like the right direction.
I remember searching for FXRally reviews online, and I could not find much. I knew the platform was a decent choice for me to pursue my trading career, so I wanted to give it a thorough review and present it to anyone looking for some insight into this platform, just like me.
Many new websites have been popping up from the woodwork these days, so it is hard to distinguish which ones are legit and which ones are not. Although now I am a long-time user of FXRally, I wanted to see what this platform had to offer me before I could review for all the beginners.
FXRally Review – The Platform
The FXRally platform has decent features that I like. For starters, the platform is web-based which makes it easy to use. You don’t have to download or install any software, so you can start trading right away.
There are also a lot of helpful resources available on the platform, which is always nice when you are just starting. There are guides and helpful advice on the site that will teach you how to trade properly or tell you what pitfalls to avoid or tricks that other traders pulled in the past.
There are also a lot of helpful resources available on the platform, which is always nice when you are just starting. There are guides and helpful advice on the site that will teach you how to trade properly or know what pitfalls to avoid or tricks other traders pulled in the past.
The platform also has a lot of features that I like. For starters, you can trade with a wide variety of currencies, which gives you many options when picking your trades. You can trade with several tools like the No Dealing Desk, Fixing Clock, and the Downloadable charting package.
FXRally also has some features that are unique to it. For example, you can even trade on mobile devices with FXRally. This is good if you want to access your trades or your account while you are on the go.
FXRally Review – The Trading Platform
The trading platform itself is decent. If you are up for it, you can use the platform to trade on currencies, indices, commodities, and even bitcoin. The platform will automatically generate a lot of entry points for you which is helpful when you are starting.
The charts are straightforward to read, with all the data that you need available briefly.
The investment platform is also very easy to use. Set up your account and deposit money with just a couple of clicks. The minimum initial deposit required to open an account with FXRally is 250 Euros which, if you are trading forex, should not be an issue at all. I had a pleasant time checking out all the different account types they had for all levels of traders, from mild to wild.
They also offer Web Trader and Mobile Trader, which is great for those who want to trade on the go.
The platform offers guides on How to Deposit and Withdraw money with the platform.
FXRally Review – Customer Support
Customer support is probably better than most because they offer 24/7 support in various languages. You can easily get in touch with them through email, phone, or live chat. They are always happy to help and will usually resolve any issues you may have quite quickly.
When I contacted customer support the first time for this FXRally review, they responded quickly and answered all my questions. Overall, I have had a positive experience with customer support and have not contacted them too many times since I started trading. In other instances where I did get in touch with them, they quickly resolved my complaints.
FXRally Review – Charts and Tools
The charts and tools are user-friendly and easy to use. The platform offers various chart types and indicators that you can use to trade more effectively. You can also customize the charts to suit your preferences, always nice.
The platform also offers a wide range of educational materials to help you improve your trading skills. There are webinars, trading guides, and videos that will help you become a better trader if you choose to use them.
FXRally offers many different chart types and indicators that you can use to trade more effectively. There’s a variety of charts you can choose from, including the Standard, Point and Figure charts. You will also have access to a range of indicators that you can use to predict what will happen in the future. The platform also offers a wide range of educational materials that will help you improve your trading skills, with webinars, trading guides, and videos that will help you become a better trader if you choose to use them.
The FXRally trading platform includes various tools that will help you identify profitable trading opportunities. One of the most useful tools included with FXRally in the News Ticker. The news ticker summarizes all the latest updates in the world and will tell you what they mean for your market.
You can select which countries, currencies, commodities, and other assets you want to receive alerts about so you can stay up to date on whatever interests you.
There is also an economic calendar where you can set up alerts for events that may occur in the future or scheduled reminders for when major events happen. Lastly, there is an Economic Monitor, which scans through all financial news sources available and ranks them in order of importance so you can quickly see what is happening in the market.
FXRally also offers a wide range of charting tools to help you make better trading decisions. You can use candlesticks, OHLC bars, line charts or area charts to represent your data, and there are over 50 indicators available to help you make better trading decisions.
FXRally Review – Account Types
The account types available on FXRally are very flexible; there’s something for every level of forex trader. Even beginners can learn quickly with all the resources available to them.
The platform does not yet have a demo account which I would love to see in the future. A demo account would be helpful for beginners who want to try out the platform before investing any money.
FXRally Review – Assets
FXRally offer stocks, cryptocurrency, force, commodities, and Indices. 1. FXRally offers stocks, cryptocurrency, force, commodities, and indices. Stocks include some of the biggest companies in the world, such as Amazon and Facebook. Cryptocurrencies include Bitcoin, Ethereum and Litecoin. Forex includes all the major currency pairs, plus some more exotic pairs. Commodities include oil, gold, and copper. Indices include the S&P 500 and NASDAQ 100.
You can trade in various currencies, including EURUSD, GBPUSD and AUDUSD. The platform has an excellent selection of trading tools that will help you identify profitable trading opportunities. One of the useful tools included with FXRally in the News Ticker is that it summarizes all the latest updates in the world and tells you what they mean for your market.
There’s also an economic calendar where you can set up alerts for events or scheduled reminders for when major events happen. Lastly, there is Economic Monitor, which scans through all financial news sources available to rank them by importance so you can quickly see what is happening in the market.
FXRally Review – Security
The security of your assets is very important. I’m pleased to say that FXRally has good security measures to ensure your trading account’s safety.
There are two-factor authentication methods available, including Google Authentication. The account also uses SSL Encryption which will protect you against being hacked, so there is no need to worry about the safety of your account. I’m glad to report that my account is safe and secure with FXRally.
FXRally Review – Education Centre
FXRally only offers eBooks, Glossary, Technical Analysis, Economic and general market news. The Education Centre is a little sparse compared to other brokers. I would like to see FXRally add webinars, videos and maybe even a live trading room to have more resources at their disposal.
FXRally Review – Conclusion
I think this account has been good enough for me, so I will continue to use it. FXRally is a user-friendly and reliable platform that offers a wide range of features to help you make better trading decisions. The security measures are impressive, and the account is suitable for beginners and experienced traders.
Disclaimer: This review is written from the writers experience and their self-knowledge only and this is not a recommendation.