- What is RCG Markets?
- RCG Markets Pros and Cons
- Regulation and Security Measures
- Account Types and Benefits
- Cost Structure and Fees
- Trading Platforms and Tools
- Trading Instruments
- Deposit and Withdrawal Options
- Customer Support and Responsiveness
- Research and Education
- Portfolio and Investment Opportunities
- Account Opening
- Additional Tools And Features
- RCG Markets Compared to Other Brokers
- Full Review of Broker RCG Markets
Overall Rating 4.1
Regulation and Security | 4.4 / 5 |
Account Types and Benefits | 4.5 / 5 |
Cost Structure and Fees | 4.4 / 5 |
Trading Platforms and Tools | 4.4 / 5 |
Trading Instruments | 4.3 / 5 |
Deposit and Withdrawal Options | 4.4 / 5 |
Customer Support and Responsiveness | 4.3 / 5 |
Research and Education | 4 / 5 |
Portfolio and Investment Opportunities | 3.7 / 5 |
Account opening | 4.6 / 5 |
Additional Tools and Features | 3.8 / 5 |
What is RCG Markets?
RCG Markets is a Forex and CFD trading broker that provides direct market access (DMA) to retail traders, hedge fund managers, and corporates. According to our findings, the broker offers a variety of trading instruments, including Forex, Shares, Metals, Energies, Indices, and Commodities.
Founded in 2018, the company is headquartered in South Africa and holds a license from the reputable FSCA authority. The broker extends its services across the African continent and global markets.
Overall, RCG Markets is a reliable brokerage firm in the Forex trading industry. It provides competitive trading conditions and efficient execution of trades through the widely used MetaTrader trading platform.

RCG Markets Pros and Cons
Per our research, the broker offers several advantages and disadvantages important to consider. On the positive side, RCG Markets provides competitive trading solutions, a low minimum deposit requirement, and access to well-known MT4 and MT5 trading platforms. Also, as a South African broker, the proposal makes it suitable for traders from the African region overall. Additionally, the broker ensures 24/7 customer support and provides multiple funding options.
For the cons, the broker has a limited number of financial instruments and markets for traders. The availability of research and educational resources is limited too, so beginning traders might better look for more suitable options.
Advantages | Disadvantages |
---|
FSCA regulation and oversee | No additional or top-tier license |
MT4/MT5 trading platforms | Limited trading instruments |
Low minimum deposit | Not comprehensive education and research |
ECN execution | |
Funding methods | |
24/7 customer support | |
RCG Markets Features
RCG Markets is a broker with good standing and reliable licensing. The broker offers favorable trading conditions which enables traders to conduct their trades in a safe environment with a variety of enhanced trading tools and features. Below we have accumulated the main aspects of trading with RCG Markets for traders to decide whether the conditions satisfy their trading needs and expectations:
RCG Markets Review Summary in 10 Points
🗺️ Regulation | FSCA |
🗺️ Account Types | RCG Classic, RCG RAW, RCG ECN, ROYAL 100, Imperial Bonus 200, RCG Zero Cent |
🖥 Trading Platforms | MT4, MT5 |
📉 Trading Instruments | Forex, energies, indices, commodities, shares |
💳 Minimum deposit | $2,80 |
💰 Average EUR/USD Spread | 1 pips |
🎮 Demo Account | Available |
💰 Account Base currencies | USD, GBP, ZAR |
📚 Trading Education | Limited |
☎ Customer Support | 24/7 |
Who is RCG Markets For?
Our research showed that RCG Markets meets many of the market needs of its traders, by offering favorable conditions and a variety of services and enhanced tools. Here we have compiled the best part of the broker’s offerings:
- Traders from South Africa and the African Region
- International traders
- Traders who prefer the MT4 trading platform
- Currency trading
- Advanced traders
- ECN/STP execution
- Competitive spreads and fees
- 24/7 customer support
- Good trading tools
RCG Markets Summary
RCG Markets is a reliable Forex trading broker that offers competitive trading solutions, efficient execution, and access to the popular MT4 and MT5 trading platforms. The broker ensures the safety of clients’ funds and provides various payment methods. Another plus is the low minimum deposit requirement and 24/7 customer support. However, the broker has limited educational resources and research materials, which may not be ideal for beginner traders.
Though we found that the broker provides a good trading environment, we advise clients to conduct their own research and evaluate whether the broker’s offerings suit their specific trading requirements.
55Brokers Professional Insights
RCG Markets is good option for traders from Africa region, since broker is regulated by the Financial Sector Conduct Authority of South Africa and is spread across the region. The license ensures a strong degree of credibility, ensuring compliance with local financial standards despite like many Broker in Africa operate through offshore entities which are quite risky.
Overall, the proposal is quite balanced and good, there are various instruments available and technology is based on popular MT4/MT5 platforms. We found the broker is mostly transparent about its fee structures and trading conditions, providing competitive costs that are mostly on the lower side.
However, while the FSCA regulation and transparent fees are a plus, RCG Markets still has certain restrictions in terms of global presence, advanced trading tools, and education that can limit traders. We advise traders to carefully consider the broker’s offerings and also compare it to other brokers with tight regulations, and if more comprehensive trading conditions available tools and diverse services is your preference.
Consider Trading with RCG Markets If:
RCG Markets is an excellent Broker for: | - For traders looking for a wide range of instruments
- Clients that prefer MT4/MT5 platforms
- Dedicated customer support
- Looking for multiple account types
- Traders who favor tight regulations |
Avoid Trading with RCG Markets If:
RCG Markets is not the best for: | - Traders looking for extensive education
- Those who want access to a wide range of tradable products
- From certain regions |
Regulation and Security Measures
Score – 4.4/5
RCG Markets Regulatory Overview
RCG Markets is a legit and regulated broker. Although it is not regulated by authorities like the FCA or ASIC, compliance with the guidelines of the South African FSCA shows that the brokerage aims to be responsible and secure for its clients’ investments. Besides, the broker employs security measures like segregation of accounts to keep the client’s funds from risks.
How Safe is Trading with RCG Markets?
According to our findings, FSCA plays a good role in enforcing regulatory compliance within the financial services industry, especially for Africa Trading. The regulatory body ensures the security of clients’ funds by requiring the segregation of funds from company accounts. This practice prevents the use of client funds for operational purposes, adding an extra layer of protection for clients. However, we advise conducting thorough research, including reading user reviews and considering other factors, to assess the broker’s reputation and legitimacy.
Consistency and Clarity
During the years of its operation, RCG Markets has managed to establish itself as a trustworthy broker, noted for adhering to regulatory guidelines and prioritizing the safety of its clients. Its FSCA license indicates that RCG Markets is a trustworthy firm overseen by a well-regarded regulatory authority.
RCG Markets has earned an increasing number of clients and mostly positive feedback from traders, who find the trading conditions competitive and the platforms very easy to use. Of course, like any broker, there are some negative reviews regarding withdrawal delays and customer support. All in all, RCG Markets acts consistently in its services and constantly enhances its offerings.

Account Types and Benefits
Score – 4.5/5
Which Account Types Are Available with RCG Markets?
RCG Markets offers a good range of trading accounts: RCG Classic, RCG RAW, RCG ECN, ROYAL 100, Imperial Bonus 200, and RCG Zero Cent.
Important to note that each of offered account type comes with different conditions. This variety gives traders a wide option to choose an account that will meet their trading expectations ideally. All the account types are spread-based, with an average spread of 1 pip and there are no commissions included, as all fees are integrated into spreads. The only account that is commission-based is RCG ECN, with $3.5 per side per trade ($7 round turns) and spreads starting from 0.0 pips.
- Through RCG Classic, RCG RAW, and RCG ECN accounts trades are conducted on the MT4 platform.
- Through ROYAL 100, Imperial Bonus 200, and RCG Zero Cent accounts trades are conducted on the MT5 platform.
The minimum deposit for all account types is R50, equal to $2,80. Also, the high leverage is available only for RCG Classic and RCG ECN accounts, up to 1:2000 and 1:1000, respectively. For all the other account types, the leverage set to 1:500 , so if this is what you look for be sure to choose relevant account type.

Regions Where RCG Markets is Restricted
RCG Markets is a global company, but it still has some restrictions in terms of its regional availability. We found that the broker does not accept clients in the United States due to regulatory issues. It also lacks an investor protection scheme for non-UK/EU clients with limited access to real stocks and cryptocurrencies.

Cost Structure and Fees
Score – 4.4/5
RCG Markets Brokerage Fees
Our research showed that RCG Markets offers its clients a competitive fee structure, with tight spreads from 0.0 pips on certain account types and commissions that can meet specific trading needs. The broker’s costs depend mostly on the account type and instrument chosen. All in all, we found the broker’s costs are in line with the market average, and on the lower side for some instruments.
Based on our test, the broker provides tight and competitive spreads, with an average spread of 1 pips for the EUR/USD currency pair in the Forex market for all spread-based accounts. However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact their customer support for detailed information on the spreads they offer for specific instruments and account types. For RCB RAW and RCG ECN accounts the spreads start from 0.0 pips.
RCG Markets has only one commission-based account type – RCG ECN, which offers very tight spreads from 0.0 pips and commissions of $3.5 per side per trade ($7 per round). This cost structure enables traders to diversify their options, especially those, who prefer the clarity of fixed cost and narrow spreads.
How Competitive Are RCG Markets Fees?
All in all, we find RCG Markets’ fee structure quite competitive, with the broker offering average or for some instruments, lower than average costs in the industry. By providing options of only spread-based and commission-based accounts, traders have more opportunities to choose what matches their preferences the best. The average spread for all spread-based accounts is 1 pips.
However, increased transparency over the fees applied by RCG Markets would definitely strengthen the trading experience. The broker currently does not clearly mention the spread and trading costs for all the available instruments, so potential customers would not know what exact costs will be applied. Traders need transparent information on the spread, swaps, and other possible fees.
Asset/ Pair | RCG Markets Spread | ThinkMarkets Spread | Fortrade Spread |
---|
EUR USD Spread | 1 pips | 1.1 pips | 2 pips |
Crude Oil WTI Spread | 3 | 0.03 | 0.04$ |
Gold Spread | 1 | 19 cents | 0.45$ |
RCG Markets Additional Fees
RCG Markets has a fairly competitive fee structure, yet could be more transparent in detailing the additional fees.
We found that RCG Markets, like most of the brokers in the market, impose certain additional fees, such as an Inactivity fee, and currency conversion fee. The broker does not have additional charges for deposits/ withdrawals, but there might still be fees inflicted by third-party providers.
Score – 4.4/5
RCG Markets offers both the widely used MT4 and MT5 trading platforms and its account types are based on the choice of a trading platform. Thus, traders choose an account type depending on their choice of a trading platform, keeping in view the conditions and features associated with each type of account.
Platforms | RCG Markets Platforms | WelTrade Platforms | CapTrader Platforms |
---|
MT4 | Yes | Yes | No |
MT5 | Yes | Yes | No |
cTrader | No | No | No |
Own Platforms | No | No | Yes |
Mobile Apps | Yes | Yes | Yes |
RCG Markets Web Platform
RCG Markets enables access to the markets through a browser-based solution without requiring any software downloads. The web platform is available only through MT5. This option is ideal for users who want flexibility or cannot download the software for technical reasons. The web terminal has all the basic functions a trader needs: executing trades, studying price charts, and monitoring market conditions.
While it doesn’t have all the advanced features that the desktop platform offers, like algorithmic trading or in-depth technical tools, the web terminal is still convenient for traders who prefer ease of use and simplicity.
RCG Markets Desktop MetaTrader 4 Platform
Through RCG Markets traders can download the MT4 platform and get access to all the tools and features the platform offers. Being a robust and adaptable platform, MetaTrader 4 serves the needs of traders with different levels of experience. With its inbuilt trading signals, it is designed to allow users to copy other successful traders in real time, either for free or at a reasonable fee.
The platform also offers VPS for continuous, 24/7 trade execution with seamless performance, which is very helpful in case traders want to run automated strategies. MT4 boasts more than 3,200 free and commercial signals. Additionally, we found that MT4 offers technical analysis tools, including 30 built-in indicators, 24 analytical objects, and other advanced features for good trading experience.
RCG Markets Desktop MetaTrader 5 Platform
RCG Markets’ MT5 trading platform is fully packed with advanced tools, such as technical analysis tools, 38 built-in indicators, 44 graphical objects, and 21 timeframes. Traders can also create unlimited charts, use up to 1-minute price history, and make use of trading robots. The MT5 platform is suitable both for beginner and professional traders with a flexible environment and advanced functionality.
Main Insights from Testing
RCG Markets introduces traders to a complete trading experience with both MetaTrader 4 and MetaTrader 5, two of the most widely used platforms in the industry. From MT4’s ease of use, robust technical analysis features, and trading signals to MT5’s advanced functionality, flexibility, and multi-asset trading capabilities, RCG Markets meets the needs of both beginning and seasoned traders alike. With powerful functionality doubled with an easy-to-use environment, the broker covers all the tools a trader needs for successful and efficient trading.
RCG Markets MobileTrader App
The MetaTrader 5 Mobile app provides a smooth and flexible trading experience, allowing traders to stay connected with the markets wherever they are. Advanced features of the app include technical analysis tools and support for various trade orders. This accessibility and functionality make the platform an essential tool for the modern trader who prioritizes convenience combined with high-quality performance.

Trading Instruments
Score – 4.3/5
What Can You Trade on the RCG Markets Platform?
RCG Markets gives access to a range of tradable products across different assets, diversifying the choice of traders. Clients gain access to over 70 Forex pairs. Besides RCG Markets allows access to global indices, such as the S&P 500, NASDAQ, and FTSE 100, enabling traders to profit from wider market movements. However, the total number of instruments offered does not exceed 200. Those who prefer investing in stocks can still access Stocks on CFDs, giving them access to top companies from around the world. Commodities range from precious metals such as gold and silver to energy products like oil.
The full list of the instruments RCG Markets offers is listed below:
- 70+ Forex pairs
- Commodities
- Shares
- Indices
- Energies
Main Insights from Exploring RCG Markets Tradable Assets
RCG Markets provides traders with a wide variety of trading instruments favorable for different strategies and preferences. The broker gives access to more than 70 Forex pairs which is a better proposal than most of the brokers offer, allowing clients to trade a wide spectrum of currencies – from major and minor to exotics. The broker also provides opportunities to trade global indices, stocks on CFDs, etc.
However, we found that the broker does not allow real investments, which can significantly restrict the choice of the traders who seek wider opportunities and ownership of real shares. The instrument availability is based on the chosen account type and platform, so traders should carefully research the broker’s offerings before opening an account.

Leverage Options at Fortrade
Using leverage in trading can be advantageous as it allows traders to access the market with a smaller capital investment. However, it carries the potential for significant gains and losses as well. Therefore, you should have a thorough understanding of how leverage operates and the potential consequences it can bring before engaging in leveraged trading.
Brokers Leverage is offered according to the FSCA regulation:
- Trades from South Africa are eligible to use low leverage up to 1:30 for major currency pairs.
- However, for each account type the broker offers different higher leverage: for RCG Raw Account the maximum leverage is 1:500, for RCG ECN Accounts the broker offers a maximum leverage of 1:1000, and for RCG Classic Accounts the higher leverage is 1:2000.
Deposit and Withdrawal Options
Score – 4.4/5
Deposit Options at RCG Markets
As we found RCG Markets Deposit Methods offer a few options for clients to instant deposit funds into the trading account including Bank Wire, Skrill, Neteller, and more. However, certain funding methods may have specific requirements based on the client’s bank or other financial institutions involved.
Minimum Deposit
To open a live trading account with the broker, clients need to deposit R50 which is equivalent to $2,80 as an initial deposit amount for all account types, which is considered a good offering.
Withdrawal Options at RCG Markets
We found that withdrawing funds from your account is easy and fast. Typically, your withdrawal request will be processed within 24 to 48 hours and there is no set amount by RCG Markets minimum withdrawal, yet indeed amount may vary based on the payment method you choose.
However, the minimum recommended withdrawal amount is R100 equivalent to $5.57. Also, note that RCG Markets does not apply any additional fees for deposits or withdrawals, yet, depending on the payment provider, there might be some extra costs.

Customer Support and Responsiveness
Score – 4.3/5
Testing RCG Markets Customer Support
The broker provides 24/7 customer support through the phone line, email, live chat, or sending an inquiry right from the website. The customer support team is staffed with trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
Contacts RCG Markets
The customer support team is helpful, providing prompt and quick answers. There are several options for contacting the team, and traders can choose the contact method more suitable for them:
- Clients can direct their questions to the broker through several email addresses: for support and help – support@rcgmarkets.com, for any type of complaint – complaints@rcgmarkets.com, and for financial support – finance@rcgmarkets.com.
- Some clients prefer to direct their questions by phone, for more details and precision. The phone number provided by the broker is +27 (10) 007 5974, WhatsApp connection +27 82 401 6338.
- For direct inquiries from the broker’s website, traders should choose one of the indicated categories (Withdrawals & Deposits, Partner Queries, Marketing, Client Feedback, etc.).

Research and Education
Score – 4/5
Research Tools RCG Markets
As our research revealed, RCG Markets does not provide any additional or extra research tools on its website, that would help traders enhance their trading experience. The research tools traders can use are only those provided and included on the MT4 and MT5 platforms. Thus, our recommendation for those clients who highly prioritize extensive research and education features, is to look for another option, as RCG Markets is lacking in this department.
Education
What we mentioned about the research section, can be said for the educational resources, as well. We found that the broker’s website lacks comprehensive educational materials, like seminars, and webinars, providing only a few video learning materials. This limitation may be considered a drawback as robust educational resources play a crucial role in the improvement of traders’ skills and knowledge.
Is RCG Markets a Good Broker for Beginners?
Based on what we revealed about the broker’s research and education sections, RCG Markets is not exactly a favorable choice for traders who are looking for guidance and market skills. The broker’s educational section lacks in-depth materials that are so important for beginner traders. Thus, we cannot say that RCG Markets is a good choice for novice traders.

Portfolio and Investment Opportunities
Score – 3.7 /5
Investment Options RCG Markets
The RCG Markets does not offer investment options to its clients. All the broker’s available instruments are based on CFDs, thus excluding the option of traditional investments and owning real shares.
- RCG Markets, as we further revealed, does not support MAM or PAMM accounts either. Still, the company allows its clients to receive extra profit with the help of its partnership program. The program allows clients to refer new traders to RCG Markets and receive commissions or other incentives.
- Also, we found that through the MT4/MT5 trading platforms, clients gain access to Copy trading.
Account Opening
Score – 4.6/5
How to Open a Demo Account?
RCG Markets gives its traders an opportunity to test the platform and practice trading via the broker’s demo trading. Here are the steps to open a Demo account:
- Fill out the registration form
- Select the preferred platform and account type
- Check your email inbox for confirmation and get your demo account login credentials
- Download the trading platform or access through the web terminal
- Log in and start practicing
How to Open an RCG Markets Live Account?
To open a trading account just follow the opening account or sign-in page and proceed with the guided steps. Opening a trading account with RCG Markets is efficient and easy, allowing the client to access financial markets quickly and securely.
- Select and Click on “Start Trading”
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by uploading documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.

Score – 3.8/5
RCG Markets does not stand out for its additional trading tools and features. The broker offers only the basic resources on its website and through its platforms. Besides that, there are no advanced or innovative features that would elevate traders’ experience. The only extra opportunity RCG Markets offers is the Partner’s Program:
- The RCG Markets Partner Program provides a chance to create passive income by referring clients via a referral link. While clients trade, partners will get attractive rebates. The program enables its partners to create a passive income without much effort.

RCG Markets Compared to Other Brokers
To determine where RCG Markets stands in the market, we compared the broker to other industry-popular brokers. The first aspect we always consider is the broker’s regulatory status. Compared to FP Markets, which has licenses from CySEC, ASIC, and FCA, RCG Markets holds only an FSCA license, which is considered a trustworthy regulation, yet it is not as well-regarded as the mentioned authorities. Still, compared to RoboForex, with only an offshore license. RCG Markets offers more security.
We also compared the broker’s instrument offering to a broker like BlackBull Markets, with its extensive 26,000 instruments offered, and apparently, RCG Markets, with its less than 200 instruments, lacks the same variety. Then we compared the minimum deposit requirement and found that RCG Markets offers $2.80 for opening any of its account types, which is considered very low compared to the market average of $100, enabling traders to start small. Then we also looked upon the trading platform availability across different brokers to find out that in contrast to FP Markets and BlackBull Markets that offer extra platforms like TradingView and cTrader, RCG Market’s MT4/MT5 offering is quite basic.
In the end, we compared aspects like research, education, and additional features and tools and discovered that in this respect, RCG Markets provides very limited opportunities.
Parameter |
RCG Markets |
FP Markets |
RoboForex |
FBS |
BlackBull Markets |
Eightcap |
FXGT.com |
Spread Based Account |
Average 1 pip |
From 1 pip |
Average 1.3 pip |
Average 0.7 pip |
From 0.8 Pips |
Average 1 pip |
Average 1.2 pip |
Commission Based Account |
0.0 pips + $3.5 |
0.0 pips + $3 |
0.0 pips + $4 |
0.0 pips+$3 |
0.1 pips + $3 |
0.0 pips + $3.5 |
0.0 pips + $3 |
Fees Ranking |
Low/ Average |
Low/ Average |
Average |
Low |
Low |
Average |
Average |
Trading Platforms |
MT4, MT5 |
MT4, MT5, cTrader, IRESS, Proprietary Platform |
MT4, MT5, R StocksTrader |
MT4, MT5, FBS App |
MT4, MT5, cTrader, TradingView |
MT4, MT5, TradingView |
MT4, MT5 |
Asset Variety |
200 instruments |
10,000+ instruments |
12,000+ instruments |
550+ instruments |
26000+ instruments |
800+ instruments |
1000+ instruments |
Regulation |
FSCA |
ASIC, CySEC, FSCA, CMA |
FSC |
ASIC, CySEC, FSC |
FMA, FSA |
ASIC, SCB, CySEC, FCA |
FSCA, FSA, VFSC, CySEC |
Customer Support |
24/7 support |
24/7 support |
24/7 support |
24/7 support |
24/7 support |
24/5 support |
24/7 support |
Educational Resources |
Basic |
Excellent |
Good |
Excellent |
Good |
Good |
Good |
Minimum Deposit |
$2.80 |
$100 |
$10 |
$5 |
$0 |
$100 |
$5 |
Full Review of Broker RCG Markets
All in all, we conclude that RCG Markets provides traders with competitive trading solutions, efficient execution, and access to popular platforms like MT4 and MT5. One of the advantages we found is the trustworthy environment it offers with security measures in place. Besides, RCG Markets provides good market conditions with several payment methods a low minimum deposit of only $2.80, and competitive fees. All of these mentioned aspects indicate a solid basis for a good trading experience from beginners to pros, yet there are also some drawbacks that might make many traders think twice before engaging with the broker.
So, RCG Markets does not have in-depth educational resources or research available, which may be a big disadvantage for beginners who want to educate themselves and gain skills and knowledge on the market. Besides, while the overall trading environment is pretty good, the lack of sophisticated features or platform choices besides MT4 and MT5 may not appeal to traders who like advanced features and diversity. Given these limitations, RCG Markets still provides a decent trading environment, though traders need to decide if its offerings match their particular needs and trading objectives.
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