FXrally Review – Scam Broker Trying to Defraud Unsuspecting Investors

FXrally: Legitimate Broker or Scam?

FXrally, which is allegedly run by Giant Solutions LTD from the British Virgin Islands (BVI), is an offshore provider. Is the FXrally regulation secure enough?
This is not true, as the company that runs this monkey business isn’t even registered with BVI regulator, FSC. Even if they were, offshore domains don’t have the credibility to be considered secure. Plus, most of them don’t regulate FX markets.

Therefore, we recommend that you find a Tier-1 licensed broker who operates under strict supervision of the European Securities and Markets Authority(ESMA), UK’s FCA, or Australia’s ASIC.

If you are from the US, ensure your broker is properly registered with the appropriate authority to oversee its sector (NFA CFTC SECEC FINRA etc. ). Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

FXrally, a scam broker based in the British Virgin Islands, is not licensed. The con artist has been swindling traders from Canada, Australia, Germany and Bangladesh since November 2, 2021 by offering CFD, FX, and crypto trading.

FXrally Accounts

FXrally has three trading plans, not accounts. It is basically the same thing. The only difference between them is their minimum deposit. All other options are bogus.

As you can see: Start – 250 EUR, Advanced- 5,000 EUR, Expert – 20,000 EUR.
Regarding commissions and spreads. FXrally has not clearly stated its trading conditions. Spreads, leverage and commissions are unknown. This is another reason to be wary of this scammer.

FXrally charges $100 if a trader wants to close their account but has not made at least 20 trades. After 30 days, a $100 inactivity fee is charged.

FXrally Reviews – Share Your Experience

Trustpilot is next. FXrally currently has 26 negative reviews. Trustpilot warned us that there were “numbers of fake reviews”. These reviews were then removed.

This one complaint was made against the broker. The user was required to prove that he/she had not been scammed.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Palmer Finance Company, PixPal, Empire Swiss.

FXrally: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about FXrally. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FXrally!