Review of Crypto Rocket: Trading Platforms, Instrument Variety, and Advantages and Disadvantages

Review of Crypto Rocket: Trading Platforms, Instrument Variety, and Advantages and Disadvantages

Are you looking to venture into the world of online trading, exploring opportunities with cryptocurrencies, forex, stocks, and indices? CryptoRocket could be your gateway to financial freedom. In this comprehensive review, we'll delve into the intricacies of CryptoRocket, covering everything from the company's background to its trading platforms, fees, leverage, mobile apps, payment methods, and much more. By the end, you'll have all the information you need to determine whether CryptoRocket is the right platform for you.

Company Overview

Established in 2018, CryptoRocket Limited is headquartered in St. Vincent and the Grenadines. Despite being relatively new in the industry, this brokerage firm has quickly gained recognition, even receiving awards for its exceptional cryptocurrency trading products.

CryptoRocket operates as an ECN broker, providing Contracts for Difference (CFDs) on seven different asset classes, offering leverage of up to 1:500. This allows clients to speculate not only on traditional financial markets but also on major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The broker's commitment to its customers is evident through its 24/7 customer support and competitive pricing, facilitated by institutional-grade liquidity providers. These features have contributed to CryptoRocket's popularity among both novice and seasoned traders.

Trading Platforms

CryptoRocket offers two exceptional trading platforms:

MetaTrader 4 (MT4)

MetaTrader 4, launched in 2005 by MetaQuotes, is a premier platform designed for day traders. It provides a wide range of analytical tools, including customizable charts with nine different time frames, 30 technical indicators, and 24 graphical objects. With options for market execution, pending orders, and risk management tools like stop-loss and take-profit orders, MT4 empowers investors to make informed decisions. Additionally, it allows users to set up signals and alerts based on specific market conditions.

MetaTrader 5 (MT5)

MetaTrader 5, released five years after MT4, is tailored for more advanced traders. It boasts 80 analytical tools for in-depth price chart analysis, offering 21 time frames ranging from one minute to one month. MetaQuotes has also introduced the MQL5 programming language, enabling clients to develop their own indicators and tools. For those interested in automated trading, MT5 offers Expert Advisors (EAs), which can be integrated directly or purchased from third-party sources.

Assets & Markets

CryptoRocket offers a diverse selection of instruments for traders, including:

  • Cryptocurrencies: 34 cryptocurrencies, featuring major tokens such as Bitcoin, Ethereum, and Shiba Inu.
  • Forex: 55 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, and USD/CAD.
  • Stocks: 64 stocks from US and European exchanges, including Amazon, Lufthansa, Tesla, and Volkswagen.
  • Indices: 10 indices, encompassing the NASDAQ 100, Dow Jones 30, and FTSE 100.
  • Precious Metals: Gold, Silver, and Platinum, paired with USD, as well as Silver paired with EUR.
  • Energies: UK and US Oil.
  • Futures: US Dollar only.

CryptoRocket follows a Straight Through Processing (STP) model, ensuring rapid order executions through top-tier liquidity providers.

Fees and Leverage

CryptoRocket adopts a competitive fee structure, with a uniform commission of $/£/€6 per lot traded across all markets and instruments. The spreads are equally competitive, with EUR/USD available at just 0.6 pips. BTC/USD stands at 76.6 pips, while XAU/USD is at 2.7 pips, and the Nasdaq at 11.2 pips. Notably, CryptoRocket does not impose any fees for deposits and withdrawals.

Leverage varies by instrument:

  • Forex and metals: 1:500
  • Energies and indices: 1:200
  • Cryptocurrencies: 1:100
  • Stocks: 1:20

Mobile App

While CryptoRocket doesn't offer a dedicated mobile app, you can access trading on your mobile device by downloading the free MT4 or MT5 apps. These apps support netting and hedging, provide market depth features, and include integrated indicators, charts, and alerts. Mobile traders can effortlessly manage their trading history and execute positions with a single tap.

Please note that the CryptoRocket Pro APK app, developed by NikitaDev, is unrelated to the CryptoRocket brokerage.

Payment Methods

CryptoRocket supports multiple deposit options, including credit/debit cards, bank wire transfers, and Bitcoin. The platform aims to process deposits within one hour, with a minimum deposit requirement of $10. However, bank wire transfers necessitate a minimum funding of $50.

Withdrawals can only be made in Bitcoin, with a minimum withdrawal amount of $10. The broker commits to completing withdrawals within one to three hours, contingent on the blockchain network's efficiency.

Deals & Promotions

As of our assessment, CryptoRocket did not offer any welcome bonuses or loyalty deals. Given its status as an unregulated entity, the platform may consider introducing financial incentives in the future.

Regulation & Security

It's important to note that CryptoRocket lacks a regulatory license. Consequently, investors should exercise caution when engaging with the platform. Negative balance protection and guarantees may not be available in the event of company default.

Nevertheless, CryptoRocket has implemented security measures to safeguard client accounts and funds. These include two-factor authentication at login, IP record checks, and account flag analysis during withdrawals. To further protect funds, the broker stores cryptocurrencies in a secure cold wallet, shielding them from potential threats.

Additional Features

In terms of educational resources and additional features, CryptoRocket falls short. The platform offers limited information on trading fundamentals, asset details, or current market news. This may pose a challenge for novice traders. However, CryptoRocket provides three user guides to assist clients in navigating the platform and managing deposits and withdrawals.

Live Account

CryptoRocket offers a single live trading account that provides access to all the platform's features and tools. While this offers simplicity, active traders may not benefit from reduced fees or premium market insights, typically provided to high-volume traders on other platforms.

Demo Account

CryptoRocket also offers a free demo account, allowing users to practice trading using the WebTrader terminal or the downloadable MT4 platform. Users can customize their leverage and starting funds when creating a demo account.

Trading Hours

The cryptocurrency market operates 24/7, without weekend closures or public holidays, providing continuous trading opportunities. Stocks and forex are available for trading from Monday to Friday. Keep an eye on the trading platform for any updates on market closures.

Customer Support

CryptoRocket offers round-the-clock customer support through various channels, including request-a-call-back, online contact forms, live chat on the website, FAQs, user guides, and social media accounts on Facebook, Instagram, and Twitter.

Advantages and Disadvantages

Advantages of CryptoRocket

  • Up to 1:500 leverage
  • No trade size limitations
  • Low minimum deposit
  • Enhanced security with two-factor authentication
  • Robust cryptocurrency trading tools
  • Rapid same-day deposits and withdrawals
  • Integration with both MetaTrader 4 and MetaTrader 5
  • Availability of cryptocurrency trading, including Bitcoin (BTC)

Drawbacks of CryptoRocket

  • Lack of regulation
  • Bitcoin withdrawals only
  • Absence of negative balance protection

CryptoRocket offers traders a gateway to the world of leveraged trading in cryptocurrencies, forex, stocks, commodities, and indices. Its integration with MetaTrader 4 and MetaTrader 5, coupled with a low minimum deposit of $10, makes it accessible to both novice and experienced traders. However, it's important to be aware that CryptoRocket is not regulated, which necessitates caution when investing. If you're comfortable with this risk, CryptoRocket presents a range of advantageous features, including robust security measures, rapid transaction processing, and an array of cryptocurrency trading options.

So, should you start trading with CryptoRocket? The answer depends on your risk tolerance and trading preferences. Be sure to conduct thorough research and consider your individual circumstances before making a decision.


Crypto Rocket Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.


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