RCG Markets: forex and CFD accounts, charges and counterparties

Every account in the published matrix starts at R50, meaning 50 South African rand. The spread figures are advertised starting levels. The commission column prints dollar amounts without specifying a per-lot, per-side or round-trip basis; the amounts below retain that limitation.[1]

Under the FSP agreement, leverage above 1:200 requires approval; advertised maxima are conditional.[6]

The 100% and 200% bonus labels do not establish withdrawable cash or profit-release rules. The reviewed legal index did not provide a corresponding bonus policy, so the applicable offer terms remain essential before accepting credit.[13]

View full spreads & trading costs

Synthetics have a direct agreement with Primus Markets INTL Ltd, identified there as FXPrimus. They are described as continuously available simulated instruments, with prices updated approximately once per second. These are a separate product relationship from the FlareX CFD arrangement.[9]

The FSP contract charges US$10 monthly after two months without trading activity, deposits or withdrawals; dormant balances of US$10 or less may be closed or archived and forfeited. Separately, withdrawing a deposit without qualifying trading using at least 30% of that deposit as margin may incur 15% of the deposited amount. A qualifying trade lasts at least ten minutes.[6]

FlareX lists spreads and overnight swaps among transaction charges. It also says third-party funds-administrator transfer charges are the client’s responsibility, and no interest is paid on positive trading balances. A zero commission figure in an account table consequently covers only one component of the trading relationship.[7]

RCG offers MetaTrader 4 and MetaTrader 5, with the account matrix determining availability. The platform landing page provides little written detail on device-specific features or export formats, so a generic MetaTrader feature should not be treated as confirmation that RCG enables it on every account.[14]

The FSP contract prohibits trades held for less than ten minutes. FlareX also prohibits Expert Advisors and allows offending transactions to be cancelled or unwound.[6][7]

During an outage, the FSP agreement directs clients to support for verbal instructions. RCG may refuse unclear instructions or unidentified callers; contact alone does not confirm execution.[6]

FlareX promises daily trading statements by email. Its agreement places responsibility for trade-related taxes on the client, making those statements useful records rather than a substitute for the client’s tax reporting.[7]

The payment matrix does not publish method-specific charges, currencies or settlement times. A deposit-only route needs an agreed withdrawal destination; the matrix alone does not explain how proceeds leave that route.[10]

FlareX prohibits payments to or from third-party accounts. Its contract places client funds in a segregated third-party funds-administrator account, from which trade obligations, fees and margin can be settled.[7]

RCG converts non-base-currency receipts at its applied exchange rate. Its agreement makes clients responsible for deficit balances and does not establish an unconditional negative-balance waiver.[6]

RCG’s FAIS disclosure reports professional indemnity cover but gives no insurer, limit or customer payout entitlement. That statement is evidence of a company insurance claim, rather than a quantified client compensation scheme.[8]

The FSP agreement expressly puts synthetics outside its FAIS financial-product scope. RCG’s South African intermediary permission must therefore not be extended to those products.[6]

On 5 February 2024, the FSCA identified RCG Markets as authorised FSP 49769 while warning about impersonators using rcgmarkets.us and an Instagram account. That notice identifies rcgmarkets.com as the genuine firm’s website; it is an impersonation warning, not a warning against the genuine RCG business. Current individual register permissions were not retrieved.[16]

The complaints policy promises written acknowledgement within two business days and aims for a final response within six weeks. If the client remains dissatisfied, or receives no final response within that period, the policy points to the FAIS Ombud. Its scope concerns the financial service and does not turn a separate synthetic dispute into a regulated CFD complaint.[12]

RCG also promotes a funded-trading challenge through Comit Capital, describing one- and two-phase qualification paths. That is a separate challenge service: its evaluation fee, funding conditions and payout terms should not be confused with depositing into an ordinary RCG brokerage account.[15]

RCG’s contact address is the fifth floor of Sasol Place, 50 Katherine Street, Sandton, South Africa. The current site separates a new CRM at my.rcgmarkets.com from older client and partner portals marked for registrations before 23 September 2025. Existing clients are asked to contact support for the transition; the announcement is not a statement that balances or contractual counterparties move automatically.[13]