CryptoRocket Review: Is CryptoRocket Ltd Legit for Trading Forex and Crypto?
CryptoRocket Ltd is a brokerage firm offering its clients the ability to trade in both Forex and various Cryptocurrencies. As the use of cryptocurrencies continues to increase in popularity, many people are looking for ways to get involved in this burgeoning industry. In this cryptorocket review we will be looking at their services, fees, and overall legitimacy as a trading platform so that you can vet them BEFORE you try to use them to trade your altcoin trading symbols.
Crypto Rocket Overview:
Year Established: 2019
Type of Broker: Non-Advisory/Executionary Broker (ECN/STP)
Head Office Address: First Floor, First St Vincent Bank Building, James Street, Kingstown, Saint Vincent And Grenadines
Regulation & Licensing: None
Clients Accepted: All countries except the US, Canada, Japan, Algeria, Cuba, Ecuador, Islamic Republic of Iran, Iraq, Myanmar and North Korea
Assets Offered: 55 Currencies, 35 Cryptos, 64 Stocks, 11 Indices, 4 Metals, 3 Energies
Platforms Available: MetaTrader 4, WebTrader
Mobile Compatibility: Android, iOS
Deposit Methods: Bitcoin, Instacoins
Withdrawal Methods: Bitcoin, Instacoins
Payment Types Accepted: Wire Transfer, Credit Card, Debit Card, Bitcoin
CryptoRocket Ltd Reviews
What is CryptoRocket?
Crypto Rocket is a comprehensive digital asset trading platform that provides users with the ability to securely and conveniently purchase, sell, and trade cryptocurrencies. It is designed for beginners as well as experienced traders looking for a secure, reliable, and user-friendly environment.
The platform offers advanced tools such as charting, technical analysis indicators, order types, liquidity aggregation technology, and customizable trading options that make it easy for users of all experience levels to navigate the cryptocurrency markets.
Security & Regulation
CryptoRocket Limited is a St. Vincent and the Grenadines-registered business. However, no organization or body has any control or regulatory control over the broker. And most users prefer brokers that are governed and subject to different trading authorities and regulations to decrease the risk of fraud.
Trading Platforms & Features
CryptoRocket provides access to the most popular digital coins such as Bitcoin, Ethereum, Litecoin and more. It also offers advanced features not found on other platforms, including a unique copy-trading system that enables investors to automatically copy the trades of experienced traders.
Some of the features that CryptoRocket offers in their platform are:
- Interest on deposited funds
- Trading contests
- Free education
- Segregated accounts
- Affiliate Program
- Islamic accounts available
Fees & Commissions
CryptoRocket offers a wide range of trading fees and commissions to its users. The platform has a straightforward fee structure that is easy to understand. CryptoRocket charges no deposit or withdrawal fees, making it an attractive option for cryptocurrency traders. Their maker-taker fee model is based on the customer’s 30-day trade volume and starts at 0.1% for both makers and takers, which is very competitive compared to other exchanges. In addition to that, CryptoRocket does not charge any additional fees like overnight financing or inactivity fees, so the use of the platforms and trades placed are pretty competitive. For more advanced traders, CryptoRocket also offers a Premium account with even lower commissions and exclusive features such as priority support and access to VIP events.
Bitcoin is a dependable payment mechanism because it is inexpensive and simple to use. Since Bitcoin’s popularity has increased, brokers have been incorporating it as one of their funding options. Trading accounts can now be easily accessed and accessed by traders who have digital wallets.
With that said, the most often used method of payment is wire transfer. This strategy is offered on almost every broker’s service in the entire world. The rationale is because wire transfers can happen easily and securely between banks all around the world. Traders who prefer to avoid third-party payments or don’t use credit cards will find this the most beneficial. Of course, funding by credit/debit cards is also another payment option offered by CryptoRocket.
Crypto Rocket Reviews: The Cons and Pros
- Good Selection Of Assets
- Minimal deposit amount
- 24-hour customer service
- Free deposits and withdrawals
- Quick Withdrawal
- Quick Order Processing
- Unlikely to Work with MetaTrader 5
- No restrictions
- Inadequate educational infrastructure and provision
- US clients are not accepted
- Lots of complaints by trader
Crypto Rocket Traders Review
They take money, don’t give back.
i’ve been trading fx markets longer than 10 years. Used more than 20 fx brokers since then. Maybe (mostly) because of luck or maybe because of meticulous broker researches of mine i’ve always managed to withdraw money until this day.
Today, after very long chat conversations and opening endless mail tickets, i understood that there is no way i am taking my money back. i am happy that i lost less than 500$ so that’s a relief.
Date of experience: February 22, 2022
Stole money from me
I put $500 then ended up profiting more then $5,000 in less than a day so I decided to call it quits and withdrawal while I was ahead, then they made me charge $1,500 withdrawal fee and now I haven’t seen any of the money in my account and I was going to use that money to pay for my mums funeral. I have photo proof of all this information if they try to deny this
Date of experience: February 18, 2022
I’ve been using this companies services for about 18 months or so now and I’m still very impressed. There’s not many places out there offering crypto trading conditions as good as this. I know one thing is for sure. I will never trade on a traditional form of crypto exchange again!
The customer service has also been great on the few occasions I’ve needed it. Keep up the good work gang!
Date of experience: April 22, 2020
alineom11 – 02.09.2022
CryptoRocket are scammers, lost $15,000. I will sue in all possible courts to get my money back! God help me!
geralddr60 – 08.05.2022
In general, I’ll tell you, the graphics are drawn. Firstly, the quotes differ, and very much. I lost a lot of money, and at the most inopportune moment the schedule went in the other direction. That is, it feels like the company just makes money, you drain the deposit, they take all your money, in fact, without even displaying it on the exchange
Conclusion & Final Thoughts
In conclusion, with all the complaints we’ve seen from users of CryptoRocket, we see this as a huge red flag. Sure, finding out about all of the features and funding options that they have available is great…. but we give a lot more weight to user reviews. And with this company getting so many bad reviews, we have to conclude that it’s best to avoid them and use a different broker.