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Rallyville

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.rallyville-chtw.com/index/index/index/token/66b8860a0a34fdbc5a14a8b69bc2adb9.html

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https://www.rallyville-chtw.com/index/index/index/token/66b8860a0a34fdbc5a14a8b69bc2adb9.html

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

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Broker Information

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Company Name

Rallyville

Abbreviation

Rallyville

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Rallyville · WikiFX Survey

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Pyramid scheme complaint
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Unable to Withdraw

Find an excuse to deny withdrawal and remove account information

The whole thing happened at the end of March this year. I met a netizen on a dating website and later talked about investing in foreign exchange. Due to my inherent habit of investing, the netizen recommended me to place an order on this Rileyville platform. This platform is priced in US dollars, with a ratio of 1:30 New Taiwan dollars to US dollars. At first, I only invested a small amount of 400 US dollars. At first, I made a profit, but later, I invested more and more funds. The netizen also told me that I could apply for a VIP customer, and he said that when applying to become a VIP customer, there is a discount of 10% fee exemption for withdrawal of funds. I will go to the customer service of the platform to become a VIP member with deep affection. The customer service only told me that during the application period, the deposit cannot be cancelled. I think it doesn't matter, so I agreed to apply. However, the next day after the application, the customer service of the platform informed me that I needed to deposit an additional $20000 to successfully apply. I immediately informed the customer service that I didn't have such a large amount of funds and asked them to help me cancel the application. The platform is not willing to help me cancel it, as long as I find a way myself, otherwise the deposit cannot be cancelled. Because my bank account has monthly limits and daily transfer restrictions, I went to ask customer service for a deposit of $20000. I had to ask someone to transfer some of it from his account to the account provided by the platform, and the platform didn't have any objections. After transferring a total of $20000 with us, I finally made a deposit of $550 for the first time. Later, I continued to invest a large amount of funds, approximately NT $70000 to 800000, in foreign exchange trading. On April 25th, I requested a deposit of $34000. The next day, the platform informed me that I was involved in money laundering and required me to pay a NT $600000 deposit within 48 hours, otherwise my account would be frozen. Of course, I felt inexplicable and repeated responses from the platform were ineffective. In the end, I had to be forced to agree to pay the deposit, but due to the limit on my personal account transfer, I transferred NT $200000 to the platform in just one day, and after paying NT $200000, I urgently needed cash due to an accident with my girlfriend. I once again reported to the platform that I had also paid NT $200000 as a deposit, and I urgently needed a life-saving deposit. Please ask the platform to make the payment immediately, but the platform refused. After coordinating with customer service for a long time, the customer service transferred my matter to their finance department. Later, their finance department asked me to provide my ID card, the cover of my passbook, and agreed to provide an account and an online banking account, Of course I refuse, and I can only resolve the matter through legal means and expose it to the eyes of foreign exchange. I currently have a total of 94012 US dollars and a deposit of 200000 Taiwanese dollars on the platform that has been unreasonably withheld, equivalent to about 3 million Taiwanese dollars. I have chosen to expose the entire matter to the public and let the majority of investors know and recognize the platform. The entire matter is based on the platform's unfounded accusation of money laundering and the inability to provide evidence of money laundering, which is why I am unwilling to contribute, At the beginning, the platform also agreed that my personal and VIP funds could be partially transferred from a friend's account. However, I was not informed of any abnormalities after the transfer, so I obstructed my request for partial withdrawal. I also stated that I was willing to provide all the information of the transferred account and accept police investigation. The platform's people were unwilling to withdraw the funds, and they also asked me to provide account information, which was clearly a black platform. In the end, they directly deleted the customer's account information, I am currently unable to log in.

FX9522722902
2023-05-08 12:02

Rallyville · Company Summary

Rallyville Review Summary
Company name Rallyville
Registered region China
Regulation No regulation
Market Instruments Indices, Oils, Precious Metals, Forex/Currencies
Demo Account Available
Leverage 1:400
Minimum Spread 0.0 Pips
Trading Platforms MT4
Minimum Deposit $100
Customer Support 24/7 support, live chat, contact form, Tel: +612 92612979, email: support@rallyvilleglobal.com
Company Address RM 509, 5/F, The Cloud, 111 Tung Chau Street, Tai Kok Tsui, Kowloon, Hong Kong

What is Rallyville?

Rallyville Markets is a Forex and CFD trading platform used for trading and analysing the financial markets. Rallyville Markets provides a wide range products of CFDs over forex/Currencies, precious metals and crude oil. RallyvilleMarkets also provides related financial derivatives and relative services. Rallyville Markets provides 24/7 financial trading services to individual investors, hedge funds and corporate investors.

Rallyville's homepage

Pros & Cons

Pros Cons
  • High Leverage
  • No Regulation
  • Multiple Markets Instruments
  • Demo Accounts Available

Pros:

  • High Leverage: This broker offers a high leverage ratio of up to 1:400, allowing traders to enter trades of significantly larger value than the capital they possess. Although this can lead to increased profits, it can also amplify potential losses.

  • Multiple Markets Instruments: Rallyville offers a wide range of instruments, including forex/Currencies, precious metals, indices, oils, allowing traders to have multiple trading options.

  • Demo Accounts Available: Rallyville offers demo accounts, allowing users to practice trading without risking real money. This can be beneficial for beginners or those who want to test the platform.

Cons:

  • No Regulation: Rallyville is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

Is Rallyville Legit or a Scam?

  • Regulation: Rallyville is currently not regulated by any recognized financial authority. Traders should exercise caution and conduct thorough research before engaging with .

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: Rallyville emphasizes that all funds flow through a protected trust account. This system essentially ensures that client funds are held separate from Rallyville's operational funds, thereby providing an extra layer of financial integrity and security.

Fund security

Market Instruments

Rallyville offers a variety of CFD products, including Indices, Oils, Precious Metals, and Forex/Currencies, providing traders with options to speculate on different asset classes and market movements.

Market Instruments

Account Types

Rallyville offers two different accounts, Demo Account and Live Account.

Demo Account: There is no cost using a demo account. And it offers Multi-Currencies Account, 24 hour signals, Trading signals, Free Mobile trading platform.

Live Account: With a low spread, live account offers Trading Report, Weekly/Monthly Market outlook, Lower cost, Multi-Currencies AccountQFree Mobile trading platform, Trading signals, Free Mobile trading platform.

Account Types

How to Open an Account?

Go to the Rallyville official website, and click on “Open Account”, you can either a demo account or a live account.

  • Demo Account

If you want to try a demo account, click on the “Open a Simulated Account ” bottom, then fill up your basic imformation. It's worth noticing that you need to carefully consider their choice of Account Types, leverage and Trading Platform.Then verify your email.

fill in required info
  • Real Account

If you choose to open a live account, you will be prompted to provide certain personal information such as your name, phone number, email address, and password. Next, you will be required to verify your email and identity.Once your account is set up and verified, you can fund your account using the available deposit methods on the platform.

fIll in required info

Leverage

provides its clients with a maximum leverage ratio of 1:400.This means that traders can control a position up to 400 times the amount of their deposited funds.This type of financial leverage can significantly magnify potential profits, but at the same time, it also amplifies the risk, making it a powerful tool in the hands of a savvy investor.

Leverage

Spreads & Commissions

Rallyville asserts to offer extremely competitive spreads, potentially as low as 0 pips, appealing to a variety of traders looking for cost-effective trading solutions.

Spread

However, the company does not provide detailed information on their spreads and commissions pertaining to different tradable assets. The lack of transparency may pose a challenge for traders who value exact and comprehensive breakdowns of costs associated with their trading activities.

Trading Platform

KCM Trade offers MT4 platforms that suit traders needs and allow efficient trading through the Desktop Platform and Mobile. These platforms boast widespread recognition and offer an array of advantages, including access to numerous extensions and comprehensive educational resources for mastering trading tools.

MT4

Education

Rallyville shows a commitment to helping their clients grow as traders through their educational resources, specifically their variety of instructional videos. These guides, including the MT4 Guide for both iPhone and Android, a WebTrader Guide, and a detailed guide on Switching Trade Accounts, aim to simplify the learning curve associated with online trading. These tools are essential for new traders seeking to understand the basics and for seasoned traders looking to refine their skills or adapt to a new platform.

Education

Customer Support

Rallyville offers comprehensive customer support to its clients. This includes being available 24 hours a day, 7 days a week. Clients can reach out to Rallyville through various channels.

  • Live Chat: Live chat is available for clients who prefer a quick and instant response.

  • Contact Form

  • Tel: +612 92612979

  • Email: support@rallyvilleglobal.com

The company also provides its physical address: RM 509, 5/F, The Cloud, 111 Tung Chau Street, Tai Kok Tsui, Kowloon, Hong Kong

Contact info

Conclusion

In conclusion, Rallyville Markets presents a diverse range of CFD products covering Indices, Oils, Precious Metals, and Forex/Currencies, catering to traders seeking exposure to various asset classes and market opportunities. However, due to lack of regulation, traders had better do further research before investing.

Frequently Asked Questions (FAQs)

Question 1: Is Rallyville regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: How can I contact the customer support team?
Answer 2: You can contact them 24/7 through live chat, contact form, Tel: +612 92612979, and email: support@rallyvilleglobal.com.
Question 3: What kind of trading assets does Rallyville offer?
Answer 3: Rallyville offers diverse selection of financial instruments including Indices, Oils, Precious Metals, Forex/Currencies.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

User Reviews

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FX1524913740
more than one year
Alright, so I've been trading forex with Rallyville for a few months now. There are a few things I like, and a few things I don't. What I like is their straight-forwardness and transparency about transaction fees. You don't have to go digging around to know there won't be any nasty surprises. Their customer service is also worth mentioning. When I had a mix-up with an order, they dealt with it swifter than Say Bolt's sprint. Plus, their trading tools give you a clear edge. The advanced charting and analytical features have certainly given my EUR/USD trades better returns - a good 15% improvement I'd say. They also have a swift account set up process that is wholly online and fund transactions are smooth. Now, for the negatives. Although their customer service is prompt, I've found it to be somewhat impersonal. I missed the human touch there. And while their transaction fees are transparent, they're not the cheapest on the block. You need to weigh that against what you're earning. Their mobile app, while well-designed, tends to lag occasionally during high trading-volume times. This can, unfortunately, lead to a slightly stressful user experience.
2023-12-02 13:20
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ㅤ84614
more than one year
When it comes to spreads and commissions, Rallyville doesn't charge you for extra fuel. During my regular trading with the EUR/USD pair, spreads stayed in a reasonable range of 1.0-1.3 pips. The commission policy is also pretty transparent, keeping the trading route clean and clear. However, not all laps were all sunshine and smooth asphalt. While the platform offered solid performance, their trading signals sometimes lacked the precise timing needed for profitable trades. There were occasions when their signals got a little off-track, leading to a few missed opportunities. Also, the journey to account setup seemed a bit like navigating through unwelcome speed bumps! The process seemed unnecessarily complex at times, turning a once straightforward racing track into a labyrinth.
2023-11-30 18:32
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