RCG Markets

RCG Markets started in 2018 in South Africa. It helps people with money matters. They connect you to markets where you can trade things like company shares, oil, and currencies directly. They work with regular people who trade, big money managers, and businesses. It is a company that helps people trade Forex and CFDs. These are ways to trade money and other assets. They connect regular people, big money managers, and businesses to these markets. We found that RCG Markets offers many things to trade, like forex, shares, metals, energies, indices, and commodities.

Overall, RCG Markets is a trusted company in the forex trading world. They offer good trading conditions and make trading quick and easy with a popular trading platform called MetaTrader. Are you thinking about putting money into RCG markets but not sure if it’s safe? Or are you interested in starting to invest with RCG Markets and want to learn more? We have come up with the answers to your questions.

🏢 Headquarters South Africa
🗺️ Regulation FSCA
💻 Trading platform: MT4
📊 Accounts: Classic, RAW, and ECN
💰 Account currency: USD, GBP, ZAR
Trading features: Three live account types;
Tight spreads;
Fees are market average;
Many assets from different groups;
High order execution speed;
Fast deposits and withdrawals.
💵 Withdrawal: Bank transfer, Visa, Mastercard, B2BinPay, Ozow, Paystack, Skrill, Neteller, and VirtualPay
🚀 Minimum deposit: 50 rand
⚖️ Leverage: Up to 1:2000
💼 PAMM-accounts: No
📈️ Min Order: 0.01
🎮 Demo Account Available
💱 Spread: Floating, from 0 pips
🔧 Instruments: Forex, CFDs, shares, metals, energies, indices, commodities
📋 Orders execution: Market execution
☎ Customer Support 24/7
📚 Education Limited


When we looked at the RCG’s fees structure, we found that RCG Markets doesn’t charge for putting money in or taking it out of your account. But, there might be extra fees when you’re trading. So, our team checked out all the fees and rules to understand exactly what you might have to pay and how it could affect your trading.

RCG Markets asks for money for different things like trading and other financial services. It’s normal for brokers to do this, but just so you know, RCG Markets can change these fees without asking you first. They’ll let you know if they do, though.

You have to pay your bills on time, and if you don’t, RCG Markets might take the money you owe from your account. If you’re late paying, you might have to pay extra. And if you don’t put enough money in your account when you’re supposed to, they might sell your investments. You’re responsible for paying any taxes, and RCG Markets might take those out of your account too.

If you don’t do anything with your account for a while, RCG Markets will charge you $50 (or the same amount in your currency) and close your account if there’s less than $50 left in it.

Pros and Cons

Pros Cons
The website is easy to use, with a clear interface, and it doesn’t bombard you with unnecessary ads. Trading conditions aren’t very transparent: essential information is scarce on the website, and many important details are only revealed after registration.
Advanced Insights uses big data and AI to give sentiment analysis and other research tools. RCG Markets only offers a partnership program; it doesn’t provide joint accounts or copy trading services.
It’s easy to get started as the entry requirements are low: signing up takes just a few minutes, and you only need to deposit 50 rand and set up a trading platform. The website lacks newsfeeds, analytics, and tools for technical and fundamental analyses, meaning the broker doesn’t assist its clients in these areas.
RCG Markets offers three different types of live accounts, each with varying spreads, fees, and leverage.
Traders use MT4, a customizable platform with hundreds of plug-ins available for personalization. The broker doesn’t impose limits on trading.
There’s high leverage, allowing even those with a small budget to potentially earn significant profits from trades, though this also increases the risk.
The broker employs ECN technology for order execution, ensuring market fairness, and there haven’t been any reported issues.
Customer support is readily available via phone, email, WhatsApp, and website tickets.

RCG Markets Regulation and Security

RCG Markets got permission from the Financial Sector Conduct Authority (FSCA) in South Africa to offer financial services. WikiFX suggests that they’ve gone beyond their license, but RCG Markets still has an active brokerage license. Their FSCA authorization license number is FSP49769.

South Africa’s regulatory rules, where RCG Markets operates, are seen as less strict compared to places like the European Union, Australia, or the United States. For instance, brokers like RCG Markets in South Africa don’t have to provide negative balance protection or keep client funds in separate accounts. They also don’t face limits on leverage or offer trading bonuses. Worries about RCG Markets’ regulatory status and their past of giving incorrect information and being involved in scandals mean traders might not have as much protection and supervision.

Is RCG Markets safe and legit?

Yes, RCG Markets is a legitimate broker. It follows rules set by the South African FSCA, a good financial regulator. This makes it safer for traders. While it’s not regulated by the top-tier authority, being regulated by FSCA still adds a level of trust.

The FSCA makes sure companies like RCG Markets follow the rules. They make sure clients’ money is safe by keeping it separate from the company’s money. This means the company can’t use clients’ money for its own expenses. It’s like an extra shield for clients. 

It’s important to do research before trading with any broker. Look at user reviews and other factors to make sure the broker is trustworthy.

RCG Awards

RCG is a popular broker, but there are no awards mentioned on their website or in previous reviews.

Deposits and Withdrawals 

To start trading with RCG, you need to deposit at least R50. There are no fees charged for any of the accounts. You can choose from several ways to deposit and withdraw money, such as:

  • Bank Wire Transfer
  • B2BinPay
  • OZOW
  • Paystack
  • Skrill
  • Neteller
  • VirtualPay
  • Crypto

Here are some important rules for withdrawing money:

  • You must request a withdrawal before 17:00 GMT.
  • The minimum amount you can withdraw is R100.
  • There are no extra fees for depositing or withdrawing money.

How to Withdraw Money from RCG Markets

  • Log in to your account.
  • Go to the menu and select ‘Withdraw Funds’.
  • Enter the amount you want to withdraw.
  • Choose how you want to receive the money.
  • Fill out the electronic request form with the needed information.
  • Confirm the withdrawal details and submit the request.
  • Check the status of your withdrawal on your Dashboard.

RCG Markets Partners Programme

Joining the Partners Programme with RCG Markets allows you to make money from your own trades and those of your clients. You can also use RCG Markets’ resources to help advertise and get more clients. If you do really well, you might even get the chance to start your own brokerage with RCG Markets.

Here are some benefits of partnering with RCG:

  • You can earn up to $120 for each lot you trade.
  • You get help with marketing from experts.
  • There’s no limit to how much you can earn.
  • You can attend training sessions for free at RCG Markets locations.
  • You can get your money out in 24 to 48 hours.
  • You can use the advanced partner portal.
  • You’ll have your own account manager to help you.

RCG Market Instruments

Forex, Metals, Energies, CFDs, Shares as well as Indices and Commodities are among the commonly used instruments traded with RCG. This allows you to diversify your portfolio and trade in different markets that suit your tastes and preferences. RCG offers trading in various financial instruments, including:

  • Agricultural commodities
  • Soft commodities
  • Forex
  • Energies
  • Metals
  • Fixed income
  • Stock indices

RCG Markets Services

RCG Markets provides services for trading in the financial markets. Here’s what they offer:

  • You can choose to be part of the ‘white labelling’ partnership, which comes with its own set of perks.
  • RCG Markets lets you trade over 100 different currency pairs, including major ones and less common ones. They also have a low minimum deposit requirement.
  • RCG Markets allows you to trade Contracts for Difference (CFDs) on various assets such as stock market indices like NASDAQ100, individual company shares, and commodities.
  • RCG Markets mainly uses the MetaTrader 4 (MT4) platform for trading.
  • RCG Markets has three types of accounts for traders at different levels. 
  • RCG Markets offers high leverage, in the following section; we’ll discuss its leverage.
  • You can reach RCG Markets for help through phone calls, WhatsApp, or email. They claim to have customer support available 24/7.

RCG Markets Alternative Brokers

Depending on what you need and prefer as a trader, there are many brokers you can use instead of RCG Markets.

Here are some popular choices:

  1. Interactive Brokers: This firm is a US-based broker which enables you to trade in different financial instruments including shares, options, futures, forex, bonds and ETFs. It is regulated by top financial authorities like SEC, FINRA and FCA.
  2. TD Ameritrade: TD Ameritrade is another American broker that allows trading on stocks, options, futures, forex and ETFs.
  3. ETRADE: Also based in the US, ETRADE provides trading in stocks, options, futures, forex, and ETFs. It is regulated by top authorities like the SEC, FINRA, and FCA.
  4. IG: IG is a UK based broker where clients can trade the likes of forex stocks indices commodities cryptocurrencies etc. The regulatory authorities are FCA and ASIC.
  5. Saxo Bank: Saxo Bank is located in Denmark and offers trades on Forex, Stocks, Bonds, Futures Options and ETFs. Its regulation comes from FCA FINMA ASIC.

RCG Markets Leverage

Leverage can be like a sharp tool, helping you make bigger profits with only a small amount of money. But it’s also risky, like walking on a tightrope without a net. Before using leverage, it’s important to think carefully. You may know about prospect theory, which says people react differently to gains and losses. They often worry more about losing than gaining. But it’s not wise to gamble everything. The key is to make smart decisions based on information.

Leverage lets you magnify your gains with just a small deposit. It’s like planting seeds that grow slowly, but if things go wrong, you might find yourself facing big losses. This happens because people get carried away by the hope of winning big. So, it’s crucial to use leverage wisely, especially when it’s truly beneficial.

The FSCA is working on new rules for CFD trading. These rules might limit how much leverage brokers can offer and how they can advertise their services. Right now, some brokers regulated by the FSCA offer very high leverage, like 1:500 or even 1:2000. RCG Markets is one of those brokers. They offer leverage from 1:500 to 1:2000, depending on the type of account you have.


RCG gives good prices, with spreads between 0.0 and 1.5 pips. It’s better to use an account with the smallest spreads. This helps because trading with low spreads cuts costs and saves money.

How to Open an RCG Account Step by Step

Opening a demo account with RCG is easy. Here are the steps:

Step 1 – Open Your Account

Go to the RCG website and click on “Open Account” at the top right corner.

Step 2 – Fill Out the Form

Then, register at RCG website. The online application form is easily accessible and completely digitized. Complete all required fields to create your trading account. In some cases you may be required to upload documents proving your identity or address as part of ‘Know Your Client’ (KYC) procedures.

Investment Programs and Account types

The RCG Classic account is good for beginners or people who want a simple trading experience. There are no commissions to pay, and you only need a minimum deposit of R50 to start. This makes it easy for traders with less money to get involved. But be careful, the high leverage can help you make more money, but it also means you could lose more. So, it’s important to be cautious.

The RCG Raw Account is great for people who do a lot of trading quickly, like scalpers or those who trade a lot. Why? Because the spreads (the difference between buying and selling prices) are very low. With this account, you can make lots of trades fast and smoothly. But remember, no spreads or commissions might seem amazing, but it’s smart to check if the broker is reliable before investing.

The RCG ECN Account is made for experienced traders who like electronic communication network (ECN) trading. This type of account gives you tighter spreads and clearer pricing. The $7 commission is low compared to other ECN accounts, and the high leverage of 1:1000 can help you make big profits. But be aware, this also means there’s a bigger risk.

The RCG ROYAL 100 account is good for traders who want a bonus to boost their trading money. You get a 100% bonus, which doubles your initial deposit, giving you more money to trade with. This account uses the MT5 platform, which has advanced tools for technical analysis and automated trading.

So, which account you choose depends on your experience, how you trade, and how much risk you can handle. If you’re new to forex trading, the RCG Classic Account might be best because it’s simple. If you’re more experienced, you might prefer the RCG Raw or RCG ECN accounts for their tighter spreads and ECN trading. And if you want a bonus to increase your trading money, the ROYAL 100 account could be right for you. Just remember, high leverage can be risky, especially if you’re new to trading.

How to Open an RCG Markets Trading Account

You can sign up as a client or partner on the RCG Markets website. If you want to trade with this broker, follow these steps to create an account:

Go to the broker’s website and click the “Login” button. This will open a menu for clients and partners. Select the option to register a user account for trading.

Fill out the account opening form. Choose your account type, base currency, and trading platform. Provide your personal information and email to link your user account.

After creating your account, you need to:

  • Verify your account.
  • Make a deposit.
  • With an RCG Markets user account, you can:
  • View your trading history
  • Add new live and demo accounts
  • Change leverage
  • Submit withdrawal requests
  • Transfer funds between accounts
  • Access the web version of MT5
  • Download desktop platforms and mobile apps

Trading Platforms

Traders at RCG Markets can use the MetaTrader 4 trading platform. This platform is well-known for its strong features, easy-to-use design, advanced charting tools, and complete trading abilities.

We think the RCG Markets Platform is good. It’s good because it gives access to the advanced MT4 trading platform. However, this broker doesn’t offer any other options. The RCG Markets platform provides various charting tools, different timeframes, trading signals, technical indicators, and more. Also, MT4 lets traders use automated trading. This helps them spot market movements and improve their strategies for entering and exiting the market.

RCG Research

RCG offers two research tools and resources through server hosting. These options are fast and reliable. They help proprietary trading shops, algorithmic traders, and other professionals.

RCG has its own market news. It gets updated often and features a ‘daily technical spotlight’ on each instrument. You can also get personalized notifications and updates through email.

RCG provides a Futures Calendar. It shows dates for economic reports from governments worldwide. It also displays futures trading days, exchange holidays, and options expiration dates.

RCG Markets Education

The broker’s website doesn’t have enough educational stuff, seminars, or webinars. It only offers a newsletter subscription. This could be seen as a downside because good educational resources are important for traders to get better at what they do.

User Reviews

Based on reviews we gathered from Trustpilot and Scam Advisor, most users didn’t like RCG Markets much, but only a few actually left reviews. One user said they had a bad time using it and found a hidden fee when they closed trades that made money. Another person thought it was like a pyramid scheme because they couldn’t take their money out. And there was someone else who couldn’t get their money back and couldn’t talk to the broker.

Customer Service

The broker helps customers all day, every day. You can get help by calling, chatting online, or sending an email. Trading experts are there to help you with technical problems, analysis advice, questions, or any other issues you have. Reviews say that the support team is quick to respond and really knows their stuff.

Frequently Asked Questions

Is RCG Markets a good broker?

RCG Markets is a trustworthy broker. It follows rules set by CFTC. RCG has about 35,000 client accounts, 150 brokers, and more than $1.2 billion from clients. But if you’re new, it might not be the best choice. Even though it has good trading conditions, it lacks proper regulation.

What does RCG Markets do?

RCG Markets is a special platform for trading. It has high-performing shares and international currencies you can trade.

What is the minimum deposit for RCG Markets?

To start trading on RCG Markets, you need at least 50 African Rands. There are no extra charges for withdrawing or depositing money. But if you want a royal account, you need to pay a $7 commission.

How does RCG Markets work?

RCG MARKETS uses a popular platform called MetaTrader4 (MT4). MT4 is used a lot in forex trading. It helps with advanced charts, many technical indicators, and lets you automate trades with expert advisors (EAs).

Who Owns RCG Markets?

The owners of RCG Markets are not known. The company doesn’t share much information about who runs it. This is a big warning sign.

Where is RCG Markets from?

RCG Markets is in South Africa. You can find its office at Unit 25, Block C, Eagle Canyon Office Park, Randburg, Gauteng, South Africa.

Who Regulates RCG Markets?

RCG Markets follows rules set by important financial authorities like the SEC, FINRA, and FCA.

Is RCG Market trustworthy?

RCG is a reliable broker regulated by CFTC. They have 35,000 client accounts, 150 brokers, and over $1.2 billion in client funds.

How long does it take to withdraw from RCG Markets?

Withdrawals take 24 to 48 hours. You can access the partner portal for advanced options.

Does RCG Market offer deposit bonuses?

No, there’s no deposit bonus, but they provide a welcome bonus for new traders. You can enjoy it for a month without a deposit and for 3 months with a deposit.

What is RCG Markets Royal Account?

RCG offers a Royal Account requiring a minimum deposit of R50. It supports the MT5 platform and offers a 100% bonus.

How can I start my RCG Markets account?

- Go to RCG Markets Partner Registration page:
Register as an IB

- Fill out the Application Form.
- Agree to Terms and Conditions.
- Submit Your Application.
- Await Approval.
- Start Promoting RCG Markets.
- Track and Receive Commissions.

What are RCG Market’s fees?

Spreads start from 0 or 1.5 pips depending on the account type, which is average in the market. There’s no fee on Classic and Raw accounts. On ECN accounts, the fee is $7 per full lot.

Is Fbk owned by RCG Markets?

Fbk Markets represents RCG Markets.

Is RCG Markets regulated in Europe?

No, RCG Markets is not regulated in Europe by CySEC or any other EU regulatory authorities.

RCG Markets Licenses

RCG Markets (Pty) Ltd, registration number 2018/079334/07, is a financial service provider that started in 2018. RCG Markets offers direct market access to trade various CFDs and FX for individuals (retail traders/speculators), professional money managers (Hedge Fund Managers), and Corporates (Investment Firms).

They aim to become the largest and most trustworthy CFD and Forex brokerage firm, delivering excellent trading services to individuals and organizations across Africa and worldwide. Their mission is to provide top-notch trading and investment services to organizations and individuals at all levels and in all categories.

RCG MARKETS (PTY) LTD Authorized by FSCA (South Africa) FSP no 49769

RCG Markets Review Conclusion

Our review of RCG Markets in 2024 gives important points for people thinking about investing. RCG Markets is a forex broker that’s regulated, but not as strictly as some others. The FSCA oversees them, but there are some concerns and they’re not super strict. So, it’s wise to be careful. We suggest looking into other options like Interactive Brokers, XTB, and Pepperstone if you want more trustworthy choices. Overall, we think RCG Markets offers a decent place to trade, but it’s important to do your homework and see if they’re right for your trading needs.

rcg markets review

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