High Risk
Reported as a scam / unregulated
SF-703885registry entry
Why Rally Trade is on the register
According to its website, it claims to be registered in Nigeria, but as we all know, Nigeria does not have an agency capable of regulating foreign exchange. Apart from this, it does not display any other strong regulatory evidence on its website. This is a very untrustworthy behavior. Investors are advised to be careful to identify and stay away from it. In essence, Rally Trade is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. Rally Trade appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.