RCG Markets is a South African-based forex and CFD broker that offers online trading services globally. The broker provides access to a wide range of trading instruments including Forex, Indices, Shares, Commodities, and Energies. The broker is regulated by top-tier regulatory authorities, including FSCA.
RCG Markets offers two main trading platforms, including MT4, and MT5. These platforms provide charts, indicators, and tools for trading in global financial markets, and support advanced trading features such as automated strategies, one-click trading, customizable layouts, and fast execution speeds.
In this article, we will explore each platform of RCG Markets, highlighting their features, benefits, and the types of traders they are most suitable for. By the end, you’ll have a clear understanding of how these platforms work and how they can help improve your overall trading experience
A List of Trading Platforms Offered by RCG Markets
RCG Markets offers 2 major trading platforms. They include
- Meta Trader 4 (MT4)
- MetaTrader 5 (MT5)
The Platforms of RCG Markets Reviewed
RCG Markets offers the most popular trading platforms for the convenience of traders and investors. These platforms include MT4, MT5, cTrader, TradingView, etc. These platforms are equipped with powerful features to enhance trading performance, whether you are a beginner or an experienced professional. Here are the features, pros, and cons of the trading tools offered by RCG Markets.
MetaTrader 4 (MT4):
Founded in 2005, MetaTrader 4 (MT4) is one of the most popular trading platforms globally, renowned for its simplicity and versatility. Offered by RCG Markets, MT4 caters to both beginners and experienced traders with its user-friendly interface and extensive range of trading tools. From forex to CFDs, the platform supports various instruments, making it a go-to choice for many traders.
Key Features:
- Advanced charting tools with customizable options
- Support for automated trading via Expert Advisors (EAs)
- Over 30 pre-installed technical indicators for market analysis
- Multiple order types, including pending and market orders
- Real-time price quotes and live market updates
Pros:
- User-friendly interface suitable for both beginners and experienced traders
- Highly customizable with custom indicators and strategies
- Extensive community support with access to forums, plug-ins, and tools
- Secure, encrypted trading environment
Cons:
- Limited timeframes and charting tools compared to MetaTrader 5
- No integrated economic calendar
- Does not support direct cryptocurrency trading
MetaTrader 4 is best suited for forex traders, algorithmic traders, and those who value a simple yet powerful trading environment. It is particularly ideal for beginners seeking an easy learning curve and professionals relying on automated systems. To learn more, read our article on the RCG Markets MT4 Trading Platform.
MetaTrader 5 (MT5):
RCG Markets offers Metatrader 5 (MT5) to its clients for free. MetaTrader 5 (MT5) is the successor to MT4, offering an even more advanced and feature-rich platform for traders. Developed by MetaQuotes, MT5 provides additional tools and capabilities, making it suitable for more experienced traders. Offered by RCG Markets, MT5 expands on the capabilities of its predecessor by introducing more timeframes, advanced charting options, and support for additional asset classes like stocks and futures.
Key Features:
- Enhanced charting tools with more timeframes and indicators
- Support for multi-asset trading, including forex, stocks, and futures
- Built-in economic calendar for tracking market-moving events
- Advanced order types, including buy-stop limit and sell-stop limit orders
- Automated trading with improved Expert Advisors (EAs) and strategy testing
Pros:
- More advanced charting options and timeframes than MT4
- Integrated economic calendar to stay updated on global events
- Supports trading a wider range of assets, including stocks and futures
- Improved backtesting and strategy testing for automated trading
- Enhanced order execution with advanced order types
Cons:
- The steeper learning curve for beginners compared to MT4
- Can be more resource-intensive due to its advanced features
- Smaller third-party community support compared to MT4
MetaTrader 5 is best for experienced forex traders, multi-asset traders, and algorithmic traders who require more advanced features and greater flexibility. It is particularly ideal for traders looking to trade not just forex, but also stocks and futures, and who want more robust tools for automated trading and strategy testing. To learn more, check out our article on the RCG Markets MT5 Trading Platform.
Comparing RCG Markets’s Trading Platforms and Tools with Other Top Forex Brokers
Forex brokers provide various trading platforms and tools, offering traders flexibility and enhanced trading options. Here is a simple comparison of RCG Markets’s platforms and tools with those of its main competitors, so you can easily see which broker provides which features.
| Brokers Name | Trading Platforms | Tools |
| Pepperstone | MT4, MT5, cTrader, TradingView, and their own proprietary platform | Smart Trader Tools, Autochartist, MetaTrader Signals, DupliTrade, Signal Start, API Trading, VPS Hosting, and an Economic Calendar |
| FP Markets | MT4, MT5, TradingView, cTrader, WebTrader, IRESS, Autochartist, Trading Central, Social Trading, Signal Start | TradeMedic (New), MAM/PAMM, VPS, Traders Toolbox, Forex Calculator, Autochartist, and Trading Central |
| BlackBull Markets | MT4, MT5, TradingView, cTrader | VPS Trading, FIX API Trading, ZuluTrade, Myfxbook, Calculators |
| Fusion Markets | MT4, MT5, cTrader, and, tradingview | Trading Conditions, Trading Calculators, Economic Calendar, Live and Historical Spreads, Fusion+ Copy Trading, DupliTrade, and Sponsored VPS |
| IC Markets | MT4, MT5, CTrader, and TradingView | Virtual Private Server, MetaTrader 4 Advanced Trading Tools, IC Insights, Trading Central, Myfxbook, |
| XM | MT4, MT5 | Trading Calculators, Trading Central, Economic Calendar |
| Exness | MT4, MT5 | Analytical tools, Economic calendar, Trading calculator, Currency converter, Tick history, VPS hosting, Exness Insights |
Frequently Asked Questions (FAQs)
What is RCG Markets?
Established in 2018, RCG Markets is a South Africa-based forex and CFD broker that offers online trading services. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. The broker offers a wide range of trading instruments including forex, indices, shares, commodities, and energies. The broker provides access to the MT4 platform with competitive spreads and commissions.
What platforms does RCG Markets use?
RCG Markets offers two main trading platforms: MT4 and MT5.
Does RCG Markets Charge Fees for Platforms?
No, RCG Markets does not charge any fees for using its trading platforms such as MT4, MT5, cTrader, or TradingView. Traders can also access the default indicators and basic tools on these platforms free of charge. However, some advanced third-party tools or premium services may have separate costs.
Final Verdict:
RCG Markets offers a range of trading platforms and tools designed to support all types of traders. The platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), each equipped with unique features to meet various trading needs. MT4 is ideal for beginners and algorithmic traders, while MT5 provides advanced charting and multi-asset support.
With its comprehensive selection of platforms and tools, RCG Markets offers the resources needed to execute strategies effectively and stay competitive in the forex and CFD markets.
