RallyTrade
Basic Information
Pros and Cons
Pros
- No deposit fees
- Multiple deposit methods available
- Fast processing for credit card deposits
- Transparent withdrawal process
Cons
- Minimum deposit requirement of $100
- Withdrawal fees may apply depending on method
- Processing times for withdrawals can be up to 5 days
- No support for cryptocurrency deposits
RallyTrade Minimum Deposit
What Is Minimum Deposit of RallyTrade?
RallyTrade requires a minimum deposit of $100 to activate a live account. This amount may vary based on the type of account selected, such as basic, standard, or pro, and can also depend on local regulations. Typically, the range for minimum deposits is between $5 and $100. Additionally, beginners might face different minimum deposit requirements compared to professional traders, reflecting their varying trading needs and strategies.
Does RallyTrade Provide Deposit Bonus?
RallyTrade does offer a deposit bonus, specifically a 100% match on the first deposit for new users. This bonus is subject to conditions, including a minimum trading volume and potential withdrawal limits. However, the specifics of such bonuses may vary by account type, region, or promotional period, so it’s advisable for users to check the official promotions page or contact customer support for the latest information.
Deposit and Withdrawal Methods
RallyTrade Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, Naira | Free | 1–3 business days |
| Credit Card | USD, Naira | Varies by card type | Instant |
| E-wallets (Skrill, Neteller) | USD | 1.95% + fees | Instant |
Does RallyTrade Charge Deposit Fees?
RallyTrade does not charge deposit fees. All deposit methods are free of charge. This policy provides a user-friendly experience for traders, encouraging more participation without the burden of extra costs.
Does RallyTrade Support Cryptos to Deposit?
RallyTrade does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. This maintains a straightforward deposit process focused on traditional payment methods.
How to Deposit from RallyTrade?
1. Log into your RallyTrade account by visiting the official website and entering your credentials. This will take you to your account dashboard where you can manage your trading activities.
2. Navigate to the ‘Deposit’ section, typically found in the account management menu. Here, you will see various deposit options available for funding your account.
3. Select your preferred deposit method from the available options, such as Bank Transfer, Credit Card, or E-wallets (Skrill, Neteller). Ensure that the method you choose supports the currency of your account (USD or Naira).
4. Enter the amount you wish to deposit, making sure it meets the minimum deposit requirement of $100 for activating your live account. Review the deposit details displayed on the screen.
5. Confirm your deposit details, including the method, amount, and any associated fees (if applicable). Check for any terms and conditions related to the deposit bonus if you are a new user.
6. Complete the transaction by following the prompts provided for your selected deposit method. After submission, you may receive a confirmation of your deposit, and the funds should reflect in your account according to the processing times stated for your chosen method.
How to Withdraw from RallyTrade?
Withdrawal Steps
1. Log into your RallyTrade account by visiting the official website and entering your credentials. Navigate to the ‘Fund’ or ‘Wallet’ section of your account.
2. Select the ‘Withdraw’ option to initiate the withdrawal process.
3. Choose your preferred withdrawal method from the available options, including Bank Transfer, Credit Card, or E-wallet (Skrill, Neteller).
4. Enter the required details for the selected method, such as your bank account number, IBAN, wallet address, or card digits.
5. Set the amount you wish to withdraw, keeping in mind any minimum or maximum withdrawal limits and any fees that may apply.
6. Review your withdrawal request to ensure all details are correct, then submit the request.
7. Await possible verification if you are withdrawing a large sum, and track the status of your withdrawal. Funds are typically received within 1–5 business days for bank transfers and instantly to E-wallets.
Withdrawal Limit and Problems
Withdrawal limits at RallyTrade may vary based on the chosen withdrawal method and the account tier. Common issues include pending verification, incorrect details provided, or exceeding withdrawal limits. To mitigate these problems, it’s advisable to complete your KYC verification promptly and ensure that all recipient information is accurate before submitting a withdrawal request. Additionally, if you encounter any issues or delays, contacting customer support can provide assistance and clarification.
Frequently Asked Questions
A1: RallyTrade requires a minimum deposit of $100 to activate a live account. This amount may vary based on the type of account selected, and it can also depend on local regulations. Typically, the minimum deposit for different account types ranges between $5 and $100.
A2: RallyTrade offers several deposit methods, including Bank Transfer, Credit Card, and E-wallets such as Skrill and Neteller. The deposit currency must match the currency of the trading account (USD or Naira), and all deposit methods are free of charge.
A3: To withdraw funds from your RallyTrade account, log in and navigate to the ‘Fund’ or ‘Wallet’ section. Select ‘Withdraw’, choose your preferred withdrawal method, enter the required details, and submit your request. Processing times typically range from 1 to 5 business days, depending on the method used.
A4: Yes, RallyTrade provides a demo account option that allows traders to practice their strategies without risking real capital. This feature is beneficial for both novice and experienced traders to familiarize themselves with the trading platform and market conditions.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.