I started trading a few years ago very successfully, but I was never able to replicate the results of my first six months. I fell into the same trap of all beginning traders – chasing losses by doubling down on every trade (or more). A couple of years ago, I decided to get more serious about trading and started reading tons of books, forums, blogs etc. I learned a lot in the process, but nothing clicked until I read a review on a forex trading platform FXRally.
I found this review, and it provided a lot of useful information. It was honest and didn’t sugarcoat things which made me trust the author. I checked out his other reviews on different trading platforms. They were all very detailed and informative (he also did them anonymously, so he didn’t care about competitors funding the popular platforms). I decided to try out the platform and tried the minimum deposit account of only 250 Euros.
So, this time around, I decided to write my review as well. I have been trading on FXRally for about half a year now, so I think I have enough experience to give you a good insight into the platform. The way they work is that you deposit 250 Euros (or more) and then trade with 20 times that amount (5000 Euros in my case).
Other platforms let you trade with even higher leverage, but few of them have any rules on position closing (like you can lose your entire deposit if you dont close it within the time frame). That’s something I like about this platform. You can hold positions as long as you want to – there will be no margin calls, and you can even lose your deposit if the trade goes against you (but only up to the amount you deposited).
Now, FXRally is not a perfect platform – some things could be improved. For example, their website could be more interactive and user-friendly. I also noticed a few minor bugs here and there, but nothing major because this is a young platform.
The big advantage of FXRally is the range of currency pairs. They provide access to all traders. You can trade on more than 50 currency pairs with them, something very few other platforms do. It’s also very easy to open and close trades, so even complete beginners can use this platform without any problems.
My Experience with Trading Platform – 3.5 Stars
I think that since the beginning of my trading career, I have tried more than ten different brokers and various ways to trade (futures, stocks etc., as well as Forex). Many of those platforms were terrible and didn’t provide even a decent experience. I decided to check out FXRally for a change, and it took me about two months to get things going. In retrospect, I believe that this platform does provide a solid performance and can serve as a great starting place for beginner traders.
A few of them were good and made me some money, but nothing spectacular. After trying FXRally, I would say that this is one of the good ones. Yes, there are some minor problems with it (the website could be better, more interactive etc.), but overall, it’s a great platform. Many reviews you find online are fake or biased, though I would give it four stars if the website was more user-friendly and interactive, and 3.5 stars otherwise.
Chart, Assets, Tools – 4.0 Stars
When it comes to chart and analyzing the market, FXRally provides all the necessary tools. You can use different types of charts (line, bar, candlestick) and apply various indicators and overlays to them. I found the charts to be very accurate and up to date, which is great. You can also zoom in and out and change the time frame to suit your needs. The only downside is that you can’t save your charts – they disappear when you close the browser window.
FXRally offers a good variety of assets to trade. You can choose from more than 50 different currency pairs, as well as stocks, indices, and commodities. I found the assets to be very accurate and up to date, which is great. However, the indices felt to be low less.
FXRally provides a wide range of tools to analyze the market and make trading decisions. These include indicators, overlays, trend lines and more. I found all of these to be accurate and helpful, improving my trading performance. The only downside is that you can’t save your charts – they disappear when you close the browser window.
My Encounter with Customer Care – 4.5 Stars
I contacted customer care on a few occasions, and they were always helpful and professional. I asked them a question about charts and tools, and they responded right away.
Now, that doesn’t mean that their website is decent- there are some minor problems later in this post. Most of my experiences dealing with customer care were very good, and I would give them 4.5 stars out of 5!
I mean, I even called them, and they were professional about everything. They helped me with my account and how to set it up. So, it shows that this is a decent platform beginner.
What I learned From Education Centre – 4.0 Stars
The website provides a decent education centre to find useful articles and tutorials about different trading strategies. I enjoyed reading most of the articles, but some were not written very well, which made me struggle to understand them.
The Education Centre of FXRally forex trading platform provides a variety of articles and tutorials about different trading strategies. The articles are written in a clear and easy-to-understand language, making them ideal for beginner traders. The tutorials are helpful and provide a step-by-step guide on implementing various trading strategies.
FXRally also offers a range of eBooks that you can download and read. These are written by professional traders and provide in-depth information about different trading strategies. I found the eBooks to be very helpful and informative, and they improved my trading knowledge.
The Economic Calendar on FXRally provides a list of upcoming economic events and their impact on the financial markets. This is a great tool for traders who want to stay up to date with the latest news and events. I found the calendar to be very accurate and helpful, improving my trading performance.
FXRally provides a wide range of technical indicators and trend lines that you can use for analyzing the market and making trading decisions. These tools are very helpful, especially if you want to make short-term trades. I found all of these to be accurate and helpful, improving my trading performance.
My Experience with Web Trader and Mobile Trader – 5 Stars
I have been using the Web Trader and Mobile Trader platforms of FXRally for a while now, and I am very happy with them. They are easy to use and provide a wide range of features that help traders make informed trading decisions. The charts are accurate and up-to-date, and the order execution is fast and smooth. I enjoyed using these platforms and would give them five stars!
Users can deposit funds into investment accounts through the Deposit Portal using FXRally’s different payment options, including bank transfers and credit card payments.
It’s quite simple to open a live account and transfer money. Basic steps are required for funding, verifying compliance information after the account has been established. I found the entire process quick and easy, improving my trading experience.
Reviews on this broker are a little mixed, but I am very happy with them so far.
FXRally Review – The Pros and Cons
> Decent chart with accurate data and up to date. You can use different ways to analyze the market, such as trend lines, overlays, indicators etc., with great accuracy.
> Good variety of trading tools, including several useful indicators and overlays. These will improve your trading performance greatly and take all the guesswork out of it.
> A good number of assets to trade, including Forex, stocks, indices, and commodities. I found all of these to be accurate and up to date, which is great for beginners.
> The website could be more interactive and user-friendly, but it’s still good enough.
> Trading stocks is a great option – you can trade companies like Facebook, Google, and Apple on the platform. However, the indices felt to be less.
> The charts cannot be saved when you close your browser window. This can be annoying if you’re using different computers at different times.
So, overall, FXRally is a great platform for beginners and day traders, which I would give 4 stars out of 5. Charting could be better, but other things make up for it (like good customer care).
My Last Thoughts on This Platform – 4.8 Stars
FXRally is a decent and beginner-friendly trading platform that offers a wide range of features and tools to help traders make informed trading decisions. The charts are accurate and up-to-date, and the order execution is fast and smooth. I think I can continue trading with them until I find something to notify me that this is not so.
The website could be more interactive and user-friendly, but it’s still good enough. Trading stocks is a great option – you can trade companies like Facebook, Google and Apple on the platform. However, the indices felt to be low in quantity. The charts cannot be saved when you close your browser window. This can be annoying if you’re using different computers at different times.
So, overall, FXRally is a great platform for beginners and day traders, which I would give it 4.8 stars out of 5.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.