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RCG Markets is a Forex and CFD trading broker, offering direct market access (DMA) to diverse clients, including hedge fund managers and corporations. As per our research, the broker provides an array of trading instruments, such as Forex, Indices, Shares, Metals, Energies, and Commodities. The broker offers perks like fast deposits and withdrawals, client support, etc., with advanced technology.
| NAME | RCG Markets |
| YEAR FOUNDED | 1923 |
| HEAD OFFICE | Chicago, Illinois |
| FINANCIAL REGULATORY BODY | FSCA |
| INSTITUTIONAL ACCOUNTS | YES |
| ISLAMIC ACCOUNT | NO |
| MINIMUM DEPOSIT | $5000 |
| DEMO ACCOUNT | YES |
| WITHDRAWAL OPTIONS |
|
| DEPOSIT OPTIONS |
|
| PLATFORMS PROVIDED |
|
| CUSTOMER SERVICE | 24*7 |
| MAXIMUM LEVERAGE | 1:2000 |
Established in 2018, RCG MARKETS is a South African broker thats functions as an intermediary financial services provider, facilitating direct market access for trading CFDs and FX. Serving individuals, professional money managers, and corporations, the company asserts its authorisation from the South Africa Financial Sector Conduct Authority (FSCA: FSP49769).
However, it’s crucial to acknowledge that compliance with more widely recognised regulatory bodies is essential, raising concerns about the broker’s legal oversight.
RCG Markets offers various trading platforms and assets to trade on. The minimum deposit of the platform to trade on is $5000, which might not be suitable for novice traders. Also, the RCG Markets Demo account offered by RCG is free for only 14 days, which might not be preferable for the traders who just started trading.
Thus, trading on this platform is suitable for experienced traders, as the broker provides lower spreads and quite high leverage for extensive liquidity and profits with higher risks.
Yes RCG Markets is a legit broker because of the robust financial regulations. RCG MARKETS (Pty) Ltd is a company registered in South Africa under 2018/079334/07, operating as an Authorised Financial Services Provider regulated by the FSCA with registration number FSP49769.
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For RCG Markets Login, follow the steps given below:
STEP 1: Select the account type you want to trade with.
STEP 2: Submit your login credentials and fill in the information required.
STEP 3: Fill in your required documents in the form.
STEP 4: Sign on your account electronically.
STEP 5: Submit your account application.
STEP 6: Start Trading!
RCG Markets offers three distinct account options: Classic, Raw, and ECN, each tailored with unique features. RCG Markets Raw Account and Classic account are commission-free, while the ECN account and Royal 100, which was recently added, entail a $7 commission fee. Leverage options also vary across these account types.
| ACCOUNT NAME | SPREADS | LEVERAGE | COMMISSIONS | PLATFORMS |
| RCG CLASSIC | 1.5 | 2000 | $0 | MT4 |
| RCG RAW | 0.0 | 500 | $0 | MT4 |
| RCG ECN | 0.0 | 1000 | $7 | MT4 |
The broker also offers a free demo account. Still, it’s essential to be aware that this account has a shorter validity period of 14 days.
In contrast, many other brokers usually provide demo accounts that remain accessible for at least 30 days.
RCG MARKETS offers varying maximum leverage options depending on the account type. RCG Classic accounts provide a maximum leverage of 1:2000, RCG RAW accounts offer 1:500, RCG ECN accounts allow for a maximum leverage of 1:1000, and Royal100 offers leverage of 1:500.
Leverage in trading offers the advantage of market access with a smaller capital investment but also entails the potential for substantial gains and losses. Thus, it is essential to possess a comprehensive understanding of how leverage functions and the possible outcomes it may yield before participating in leveraged trading.
| METALS | AGRICULTURE COMMODITIES | SOFT COMMODITIES | FOREX | ENERGIES | FIXED INCOME | STOCK INDICES |
| Precious or Industrial metals | Cattle and hog futures | Food and Fibre Products | Various currency pairs | Crude Oil Futures come in both WTI and Brent varieties | Oldest financial futures contracts is US Treasury Bond | US Stock market, select from broad indexes |
| Gold, Silver, Platinum, Palladium, copper and aluminium futures | Corn, wheat, soybean meat and Oil | Sugar, Coffee, Cocoa and Cotton | US Dollar, Euro, Pound Sterling,Japanese Yen | Heating oil and Gasoline | T-notes, EuroDollar
Euribor |
DowJones
NASDAQ S&P 500 |
Traders at RCG Markets have access to the well-regarded MetaTrader 4 trading platform, celebrated across the industry for its robust features, user-friendly interface, advanced charting tools, and extensive trading capabilities.
RCG Markets provides advanced trading tools that are not commonly found in the market, enhancing the trading experience for its users.
| CQG | TRADING TECHNOLOGIES | CTS | VELA | ITIVITI | QST | OCS | RCG ONYX PLUS |
| Monitor the depth of the market across various markets using a tabbed window interface. | Customizable calendar and inter-commodity spreads are available on our platform. | There are three available versions: T4 Desktop, T4 WebTrader, and T4 Mobile applications | Market-making in multi- assets | Click trading in multiple markets | One click trading | Server-side processing and execution are handled on the server, ensuring efficient and secure operations. | round-the-clock technological and client support to ensure continuous assistance and service availability. |
| The Quote Board displays information on the open, high, low, last, and net change. | Order types, including timed orders and icebergs, offering users flexibility and control. | Training is provided for front-end use and the utilisation of relevant tools. | Algo developer community | Market -making and auto-trading logic | Flexible order routing | Integrated risk management is a holistic approach to identify, assess, and mitigate risks throughout an organisation. | enables users to save, import, and export customised layouts, allowing for personalised configurations to be easily preserved, shared, and transferred as needed. |
The broker offers a mobile application but only for Android users and not IOS users, which is not friendly and efficient for traders.
RCG Markets minimum deposit is R50 for every account offered by the broker, the transactions can be done through various payment methods for both deposits and withdrawals, such as:
Unfortunately, popular payment methods like E-wallets or credit/debit cards are not supported. Also, cash deposits, money orders, foreign cheques, and similar payment methods are not accepted.
The broker does not specify the accepted currencies for deposits, which is crucial information as currency conversion fees when withdrawing into foreign currency can significantly affect trade profitability in the long run.
RCG Markets does not charge deposit or withdrawal fees. However, a small fee is applicable to accounts that remain inactive.
| Account Types | Classic | Raw | ECN |
| Commission | $0 | $0 | $7 |
The trader is reliable and secure as it is regulated by the Financial Sector Conduct Authority. RCG Direct signifies the importance of safe trading and comes out as an efficient broker in the industry.
GENERAL QUESTIONS
PHONE NUMBER: 312-795-7770
WhatsApp number:+27 82 401 6338
E-MAIL: [email protected]
ACCOUNT OPENING QUESTIONS
PHONE NUMBER: 312-795-7930
E-MAIL: [email protected]
The RCG Markets registration process is user-friendly and straightforward, as the interface is designed to be easily understood by anyone, even those with limited trading knowledge. The top bar provides convenient access to various trading-related services, making them readily available to users. Overall, the user experience is smooth, and trading here is beginner-friendly.
RCG MARKETS maintained an accessible customer service team reachable through phone, WhatsApp, and email during regular business hours. They offered a convenient live chat feature on their website for swift communication with a representative. Moreover, you could send messages online or connect with them via social platforms like Facebook and Instagram.
GENERAL QUESTIONS
PHONE NUMBER: 312-795-7770
E-MAIL: [email protected]
ACCOUNT OPENING QUESTIONS
PHONE NUMBER: 312-795-7930
E-MAIL: [email protected]
RCG Markets stands out as an exceptional trading platform that showcases top-performing floating shares and international currencies. With a strong emphasis on customer satisfaction, it provides a range of swift deposit and withdrawal options, supported by our cutting-edge technology that leads the industry.
Traders can engage in trading global commodities, expanding their portfolio and diversifying investments. They can dominate the energy markets by leveraging RCG Markets’ platform and expertise. Whatever their trading preferences, RCG Markets empowers them to explore and excel in these various markets.
RCG Markets is a unique trading platform featuring some of the loftiest performing floating shares & transnational currencies; customer-focused support offers multiple, fast deposit and pull-out styles, all sustained by an assiduity-leading technology.
The RCG ECN account is a commission-grounded account that offers raw spreads starting from 0.0 pips and a commission of 7. ECN is an affordable $ 100 minimal deposit,0.01 lot and commissions starting from 1.5 USD per standard lot.
Withdrawal take requests cut-off time is 1700 GMT 2. Still, it’ll be reused on the day of damage If your pullout is submitted before this time. However, it’ll be reused on the following business day If your pullout is submitted after this time. There’s a minimal pullout of R100 or original to your Bank, Skrill, Neteller, Virtual Pay, Paystack, Ozow and B2binPay.
Michael McMillen is the CEO/Co-Founder of Rcg Gambles LLC.
The RCG Markets minimum deposit for all accounts, including Classic, Raw, ECN and Royal 100 accounts, is 50 rands, the South African currency. RCG Markets Raw Account is great for trading commission-free with a competitive spread.
RCG Markets withdrawal takes 24-48 hours to process; the larger withdrawal window is to ensure safe and convenient trading.
No RCG Market does not provide micro accounts, but an RCG Markets demo account is available for a free trial with a 14-day validity.
The RCG markets broker is owned and operated under the RCG markets pvt. Ltd., there is no information on an individual owner.
RCG Markets is a South African broker founded in 2018 under the financial regulator FSCA.
RCG Markets’ owner is RCG Markets Pvt. Ltd. itself; it does not have an individual founder as per the broker and other websites.
The RCG Markets minimum deposit is 50 rands, equal to 2.65 USD. The reasonable price makes it easier for traders, especially novice traders, to join the broker.
To withdraw money from RCG markets, go to the website and send a withdrawal request by filling in necessary details like bank name, beneficiaries, etc. After the request is accepted, you can withdraw from the account, which will take 24-48 hours to process.
RCG markets was founded in 1923, first headquartered in South Africa and now works as a global forex broker.
There is no specific mention of the RCG markets account’s deletion, but broker accounts can usually be deleted by sending a deletion email to customer support.
Visit the RCG markets or any other trusted website and find the application download link. Click on the link and download the app, but ensure the minimum system requirement for RCG markets is fulfilled.
At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.
We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.
Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.
Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
The customer support is top-notch, and I’ve encountered no issues with deposits or withdrawals. I highly recommend RCG Market for their reliable and efficient services.
Stay away from RCG Markets, the epitome of a terrible trading experience. Their execution is consistently inaccurate, leading to losses. They also impose hidden commissions, resulting in receiving less than expected when closing profitable trades. Protect your investments elsewhere.
It offers you the most dreadful trading experience. Inaccurate execution causes losses, and hidden commissions on profitable trades result in receiving less than expected. Avoid this broker to protect your balance.
RCG Markets is an appalling broker with a terrible trading experience. Their execution is consistently inaccurate, leading to losses. Additionally, they impose hidden commissions, resulting in receiving less balance than anticipated upon closing profitable trades.
RCG Markets provides the worst trading experience. Inaccurate execution leads to losses, and hidden commissions on closing profitable trades result in receiving less than expected. Avoid this broker to safeguard your balance and trading outcomes for future.
RCG Market is a reliable and trustworthy platform. Their customer support is excellent, and I’ve had a seamless experience with deposits and withdrawals. I highly recommend RCG Market for their professionalism and quality trading services.
Highly recommend the RCG Broker. Their exceptional services and professionalism exceeded my expectations. From start to finish, they provided excellent support, ensuring a smooth trading experience. Trustworthy and reliable, RCG Broker is my top choice in the market.
The customer support is top-notch, and I’ve encountered no issues with deposits or withdrawals. I highly recommend RCG Market for their reliable and efficient services.
RCG Market is a reliable and trustworthy platform. Their customer support is excellent, and I’ve had a seamless experience with deposits and withdrawals. I highly recommend RCG Market for their professionalism and quality trading services.
Highly recommend the RCG Broker. Their exceptional services and professionalism exceeded my expectations. From start to finish, they provided excellent support, ensuring a smooth trading experience. Trustworthy and reliable, RCG Broker is my top choice in the market.
RCG Markets is an appalling broker with a terrible trading experience. Their execution is consistently inaccurate, leading to losses. Additionally, they impose hidden commissions, resulting in receiving less balance than anticipated upon closing profitable trades.
Stay away from RCG Markets, the epitome of a terrible trading experience. Their execution is consistently inaccurate, leading to losses. They also impose hidden commissions, resulting in receiving less than expected when closing profitable trades. Protect your investments elsewhere.
It offers you the most dreadful trading experience. Inaccurate execution causes losses, and hidden commissions on profitable trades result in receiving less than expected. Avoid this broker to protect your balance.
RCG Markets provides the worst trading experience. Inaccurate execution leads to losses, and hidden commissions on closing profitable trades result in receiving less than expected. Avoid this broker to safeguard your balance and trading outcomes for future.