CryptoRocket Review

CryptoRocket Logo

CryptoRocket is an online broker that offers leveraged crypto and forex trading, providing retail traders around the globe with a chance to trade on institutional liquidity from major global investment banks. They have a safe, simple and fast trading environment, with very good trading conditions for clients including access to excellent rates, tight spreads, and reliable execution speeds. You can trade with CryptoRocket via the user-friendly MT4 trading platforms for web, desktop and on your mobile devices with the MT4 app. The minimum deposit to get started is only $10 whereas it takes just a few minutes to sign-up and get started. They even have free demo trading accounts if you wish to practice trading online to begin with.

CryptoRocket uses a straight-through processing (STP) execution model, and all trades are processed via an aggregator to ensure the best rates possible. In addition to foreign currency pairs and cryptocurrencies, they also offer CFDs on stocks, indices, and commodities.

CryptoRocket wanted the best possible trading conditions for clients which is why they opted for STP trade execution. This allows the broker to seek out and offer the best possible execution available to all traders, regardless of your trading styles. It does not matter if you are a long-term swing trader, trading with a scalping strategy or using expert advisors (EAs). All types of trading strategies and trader profiles will find themselves immediately at home on the CryptoRocket STP trading environment.

CryptoRocket users can trade cryptocurrencies, commodities, stocks and forex with institutional grade liquidity from global institutions, as well as from fully transparent liquidity execution providers. Traders on the CryptoRocket platform have access to excellent rates, along with the ability to trade on ultra-tight spreads. There is no dealing desk so your trades are passed straight through at lightning speed to liquidity providers. Scalping, bots and hedging are welcome at CryptoRocket.

CryptoRocket Broker Overview
CryptoRocket Broker Overview

CryptoRocket Trading Instruments

CryptoRocket offers many cryptocurrencies, forex, commodities and stock. Below is a list of those assets for you to trade from, note that forex assets and commodities have a leverage of 1:500. The cryptocurrency offering has a max leverage of 1:100, 1:200 for energies like oil and gas as well as indices, 1:20 for stocks.

  • Major currency pairs
  • FX Crosses
  • FX Exotics
  • Metals
  • Futures
  • Commodities
  • Stocks
CryptoRocket Trading Instruments
CryptoRocket Trading Instruments

CFD Trading Broker

CryptoRocket is a CFD Trading Broker. CFDs are complex financial derivatives based on an underlying market. They enable you to speculate on both rising and falling markets across a vast range of financial instruments, including forex, stocks, indices and commodities.

CFD stands for ‘contract for difference’ – when you trade a CFD, in effect you enter into a contract with the broker whereby you agree to exchange the difference in the price of the asset between the points at which you open and close the contract. This means that you do not need to physically own the asset in question and you will make a profit or loss depending on if you correctly anticipated the price movement from when you open and closed the trade. So, for each point the price of your position moves in your favour, you make profit by the multiples of the number of CFD units you’ve bought or sold. On the flip side, you’ll make a loss for every point the price moves against you.

CFD trading allows you to open positions and trade with a high degree of leverage. This means you can gain exposure to financial markets without having to put up the full cost of the position at the outset. E.g. With 1:500 leverage and a $1,000 account, you could in theory take a position size of $500,000 ($1,000 x 500 = $500,000).

It’s important to remember that a CFD is a margined product. This implies that both profits and losses can be magnified compared to your initial outlay, with losses exceeding your deposit. This is because they’re based on the full value of the position.

It is also important to remember that, as with all financial instruments, there is always the possibility of losses as well as profits. That’s why it is vital to trade CFDs with caution, and to never invest more capital than you can afford to lose.

CryptoRocket Platforms & Tools

CryptoRocket offers clients the MetaTrader 4 platform, which is a safe and reliable trading platform that is available as desktop applications for Mac and Windows systems, a web trading terminal, and mobile apps for iOS and Android devices. The web trading platforms runs directly on modern web browsers like Chrome, Safari, Edge, and Firefox without the need to download or install any additional software, whereas the mobile apps can be downloaded from any relevant app store and enable traders to access and manage their accounts on the go, from anywhere in the world.

CryptoRocket MT4 Platforms
CryptoRocket MT4 Platforms

MetaTrader 4

Start trading on the world’s most popular trading platform, used by millions of CFD and forex traders globally. MT4 allows users to customize the interface to their trading needs and strategies providing a more powerful trading experience, combined with our competitive trading conditions.

MetaTrader 4 or MT4 for short, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers such as CryptoRocket who provide the software to their clients.

MetaQuotes is one of the leading developers of software applications for brokerages, banks, and exchanges. The company has developed a series of popular software products, including MetaTrader 4 as a unique platform for trading online.

User-Friendly Platform

The MT4 Platform has a refined professional yet user-friendly and intuitive interface, suitable for traders of all levels.

Advanced Charting Tools

The platform’s advanced charting tools help traders analyze the technical aspects of the market, whilst allowing them to optimise the platform according to their trading strategy.

Exclusive Indicators & Tools

The MT4 Platform is equipped with 50+ built-in research & analysis tools including expert advisors and indicators.

Cross-Platform Trading

The MT4 platform allows traders to trade on a number of different devices, providing them with access on the go at any time of the day.

Automated Trading

Algorithmic trading allows traders to test and apply Expert Advisors and technical indicators, eliminating any obstacles in trading activity.

MQL

Fast, flexible and efficient programming language for developing trading strategies allowing traders to create trading robots, technical indicators, scripts and function libraries for use on the platform.

Mobile Trading

No time to sit in front of a computer and trade? No problem! Trade from virtually anywhere using your smart phone or internet-connected tablet. Trade where you wish, when you wish – no PC required.

CryptoRocket App
CryptoRocket App

Web Trader

Web Trader offers traders the chance to trade exclusively online, with no need to download and install the MetaTrader platform. Simply login to the Web Trader online platform using your CryptoRocket trading account details and you’re ready to trade!

CryptoRocket Web Platform
CryptoRocket Web Platform

CryptoRocket Trading Tools

You will find plenty of trading tools built-in the MT4 platform for conducting in depth market analysis. There are tools for price action analysis, fundamental analysis and technical analysis. You can even find thousands of free and paid tools to add to the platform from the MQL marketplace and various other online sources. Whatever your preferred trading style, there are tools for everyone.

CryptoRocket Research & Education

On the CryptoRocket website, you will find numerous guides that they have prepared for your convenience. These step-by-step guides make getting started quick and easy, covering various topics including those that explain how to download and install the trading platforms, make deposits, and withdraw funds.

CryptoRocket Trading Accounts

CryptoRocket offer one standard account and a demo account. They allow you to create as many live and demo accounts for each available currency option as you wish.

Standard Account

CryptoRocket provides their traders with one core account type, which is backed into the MetaTrader 4 trading account. There is no minimum amount to start trading whilst the minimum lot size required is just 0.01. Leverage goes up to 1:500 depending on the instrument being traded.

Demo Account

There is also the free demo account which allows traders to try the broker’s platforms and practice their trading strategies. This can be a great wat to build confidence, skills and knowledge. Many new traders will start with a demo trading account until they feel confident enough and are having enough success to change over to a real live trading account. Pricing within the demo platform is the same as those within the live trading platforms according to the broker.

CryptoRocket Account Funding

CryptoRocket clients can deposit funds into their CryptoRocket account via credit/debit card or transfer Bitcoins. You can also fund via Coinbase or Instacoins. The broker provides their traders with quick and easy access to their funds with same-day processing to give them access as and when they need it. The withdrawal process is fast. Once approved, Bitcoin withdrawals should arrive in an hour or less, depending on blockchain traffic. There are no transaction fees on the brokers side but you may want to check what the blockchain fee will be if applicable.

Deposit Transaction

  • Time to Fund: 1 Hour
  • Deposit: 0 BTC
  • Deposit: No limit
  • Fee: Free

Withdrawals

  • Time to Withdrawal: Same Day
  • Withdrawal: 0.001 BTC
  • Fee: Free

CryptoRocket Customer Service

CryptoRocket ensures customer satisfaction by providing their traders with a 24/7 live chat, and there is a customer support team on hand to answer all their general, technical, or account-related questions in a prompt and efficient manner. Their website has a very useful FAQ section which has answers to some of the common question’s traders have. You can also request a call at your preferred time if you would like the broker to reach out to you. From my experience, they were always quick to answer all of my questions in a satisfactory manner. I wouldn’t have no problem reaching out to them again in the future if need be.

CryptoRocket Trading Features
CryptoRocket Trading Features

CryptoRocket Regulation

Crypto Rocket is legally registered in Saint Vincent and the Grenadines to provide forex trading services, but they do not seem to be regulated by any government agency, which may be a red flag for some experienced traders. On the other hand, the lack of regulation does mean that CryptoRocket can offer certain trading conditions that a regulated broker may not be able to, such as increased leverage and cryptocurrency accounting.

CryptoRocket FAQ

What is the CryptoRocket minimum deposit?

There is no minimum deposit required by CryptoRocket.

Where is CryptoRocket based?

CryptoRocket is based in Saint Vincent and the Grenadines, a popular destination for forex brokers.

When was CryptoRocket founded?

CryptoRocket was founded in 2018.

What are the CryptoRocket platforms?

CryptoRocket offer the MetaTrader 4 platforms for desktop, web and mobile.

What trading instruments do CryptoRocket have?

You can trade CFDs on Forex, Cryptocurrency, Commodities, Energies, Metals, Indices & Stocks.

What are the CryptoRocket deposit and withdrawal options?

CryptoRocket accounts can be funded in cryptos and by card payments.

What is the CryptoRocket leverage?

CryptoRocket have leverage of up to 1:500 depending on the instrument being traded.

What is the CryptoRocket commission fee?

CryptoRocket commission fees start from around $6 and can vary depending on what you are trading.

What are the CryptoRocket spreads?

CryptoRocket have variable spreads starting from 0.0 pips.

Does CryptoRocket offer demo accounts?

Yes, there is a free demo account so that you can trial the brokers products and services whilst practising your trading strategies.

Does CryptoRocket offer Islamic accounts?

No, unfortunately they do not offer swap-free Islamic accounts at this time.

Does CryptoRocket allow scalping, hedging, news trading and automated trading?

Yes, the broker welcomes all types of trading strategies including expert advisors, scalpers and hedging.

Does CryptoRocket charge an inactivity fee?

No, the broker does not charge any inactivity fees

Is CryptoRocket regulated?

CryptoRocket is not regulated currently.

CryptoRocket Review Summary

CryptoRocket is a proven online trading provider, offering trading with a wide variety of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more. Traders can enjoy leveraged trading up to 1:500 via the user-friendly MT4 platform with a true STP/ECN CFD broker.

They offer very competitive trading conditions and welcome all types of traders, providing them with 24/7 customer support and a good range of assets to trade with flexible account funding options. CryptoRocket would certainly be of interest to those who trade cryptos and prefer to fund their accounts via cryptos.

 

CryptoRocket

8.6

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

7.0/10

Features

  • Institutional Grade Liquidity
  • Fast and Accurate Pricing
  • CryptoRocket WebTrader
  • MetaTrader 4
  • Open and Transparent
  • Leveraged Crypto & Forex Trading
  • STP Brokerage Model
  • Fast Deposits & Withdrawals
  • Global Market Innovator
  • 24/7 live support