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Does Rally Trade have license?
Paulo Al Sawaf
葡萄牙
2025-09-09
ANSWER Dear Investor, It appears that Rally Trade does not hold any legitimate brokerage license, which significantly undermines its credibility and reliability. Upon careful examination of their website, we found a notable absence of any licensing or regulatory information, raising serious concerns about the platform's transparency and legitimacy. Although Rally Trade claims to be registered and incorporated in Nigeria, there is currently no dedicated financial authority in Nigeria that directly regulates or licenses foreign forex brokers targeting Nigerian clients. Consequently, Rally Trade seems to operate within its jurisdiction without any form of regulatory supervision or oversight. This lack of regulatory oversight poses substantial risks to investors. To protect your capital and ensure peace of mind, we strongly recommend exercising extreme caution and avoiding this platform for your trading activities.
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Do you recommend Rally Trade?
Digi
南非
2025-07-30
ANSWER Dear Investor, We do not recommend trading with Rally Trade, as it appears to be highly unreliable due to the absence of any brokerage licenses. Upon reviewing its website, we were unable to locate any licensing information. This lack of transparency raises serious concerns about the platform’s legitimacy. Additionally, while Rally Trade claims to be incorporated in Nigeria, lease note that while forex trading is permitted in Nigeria, there is currently no dedicated financial authority that directly regulates or licenses foreign forex brokers targeting Nigerian clients. As a result, Rally Trade operates without regulatory oversight, posing significant risks to investors. We strongly advise against using this platform in order to protect your capital.
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