OVERVIEW
| 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 |
RCG MARKETS IS RECOMMENDED FOR
The broker 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 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.
REGULATED BY
RCG MARKETS (Pty) Ltd is a company registered in South Africa under the number 2018/079334/07, operates as an Authorised Financial Services Provider recognized by the FSCA with registration number FSP49769.
HOW TO OPEN YOUR ACCOUNT AT RCG MARKET?
STEP 1: Select 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!
ACCOUNTS OFFERED BY RCG MARKETS
| 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 |
PROS AND CONS
| PROS | CONS |
| Well Regulated and Reputed broker | Demo account available |
| Several trading platforms supported | Minimum Deposit is $5000 |
| Multiple tradable assets | Limited Payment Options |
| Vast and updated Research resources | No swap-free or Islamic account |
| Management of Mobile Account available | MetaTrader not supported |
TRADING ASSETS AT RCG MARKETS
| 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 |
TRADING PLATFORMS AT RCG MARKETS
| 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. |
MINIMUM DEPOSIT AND WITHDRAWALS
RCG requires a minimum deposit of $5000 and offers the following methods for both deposits and withdrawals:
- Bank Wire Transfer
- Automatic Clearing House (ACH) Network
- Cheques (only accepted from U.S. banking institutions)
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.
RELIABILITY AND SECURITY
The trader is conveniently 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.
USER EXPERIENCE
The registration on the platform 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 can be as easy as a piece of cake.
CUSTOMER SUPPORT
GENERAL QUESTIONS
PHONE NUMBER: 312-795-7770
E-MAIL: [email protected]
ACCOUNT OPENING QUESTIONS
PHONE NUMBER: 312-795-7930
E-MAIL: [email protected]
CONCLUSION
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.
FAQs
What is the RCG market?
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.
What is an RCG ECN account?
The RCG ECN account is a commission- grounded account that offers raw spreads starting from 0.0 pips and commission of$ 7. ECN is an affordable $ 100 minimal deposit,0.01 lot and commissions starting from 1.5 USD per standard lot.
How long does RCG market withdrawal take?
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.
Who is the owner of RCG market?
Michael McMillen is the CEO/Co-Founder, Rcg gambles LLC.
Are RCG markets legit?
Yes, the broker is certified by the South African financial regulator, the FSCA. But given that the nonsupervisory governance in this country is a bit lax compared to those in strictly regulated requests like the European Union or Australia.
