CryptoRocket is an online crypto and CFDs trading broker and has been providing its services since 2018. The broker’s parent company CryptoRocket Limited is registered in St. Vincent and the Grenadines. However, it is not authorised or regulated by any government regulatory body. The broker offers an impressive product portfolio with over 150 tradable instruments over popular asset classes, including forex, cryptocurrencies, commodities, stocks, indices, and futures. CryptoRocket offers competitive trading conditions, including tight spreads, popular and simple trading platforms, and reliable execution speeds. Clients of CryptoRocket have access to institutional liquidity supplied from major global investment banks as well as completely transparent liquidity execution providers. Straight Through Processing (STP) is the execution mechanism offered by CryptoRocket. So, traders won’t have to worry about dealing desk interference or re-quotes while placing trades. Educational and research resources aren’t offered in abundance, but experienced traders can manage within the resources provided.
CryptoRocket is a proven online trading provider, offering trading with a wide variety of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more.
CryptoRocket comes on top when it comes to the cryptocurrency offering, as it provides more than 35 cryptocurrencies to trade. 24/7 customer support also makes the broker one of the best in the industry. In addition, no deposit and withdrawal fees and no minimum deposit work like a charm for traders with small investments.
On the other hand, CryptoRocket is not a regulated broker. The company is not listed on any stock exchange. The broker does not offer Islamic accounts. There is also a minimum withdrawal requirement of $10. There aren’t enough educational resources and just one account type available.
Let’s look at summarised pros and cons while using CryptoRocket’s services.
- 35+ cryptocurrencies
- 150+ trading instruments
- 24/7 support
- Same day withdrawals
- No fees on deposits and withdrawals
- User-friendly MT4 and MT5 platforms
- STP execution
- Competitive trading conditions
- No minimum deposit
- Cryptocurrency accounts and funding
- Fast Withdrawals
- Fast Order Execution
- Transparency associated with crypto trading
- The base currency in cryptocurrency
- No inactivity fee
- Not regulated
- No Islamic accounts
- Limited educational resources
- Does not accept US clients
- Just one account type
CryptoRocket has the a good product portfolio. The broker offers CFDs trading of over 150 assets in multiple classes: 55 forex pairs, 38 cryptocurrencies, 6 commodities, 10 indices, 1 futures, and 73 stocks. However, the broker lags in offering options, bonds, and ETFs trading to its customers. Additions of these popular asset classes could be a great idea.
CryptoRocket Instruments Summary
Commission and Spread Fees
CryptoRocket offers CFDs trading at very low trading costs as compared to its competitors in the industry. Traders can start trading with very tight spreads starting from 0.1 pip and a minimal commission fee of $3 per standard lot per side.
|Commission (per standard lot per side)||$3.0|
Deposit and Withdrawal Fees
CryptoRocket proudly offers a variety of payment options to deposit and withdraw. In addition, the broker does not charge any additional fee for deposits and withdrawals. However, you may incur third party fees from your payment processor and a blockchain fee.
While having an account with CryptoRocket, no inactivity fee is charged from the clients who haven’t conducted a trading activity in some time.
Users of CryptoRocket get access to the MetaTrader 4 terminal. This well-known platform is quite user-friendly and has a lot of useful features. MT4 is compatible with both Android and iOS, making mobile trading a breeze. Furthermore, CryptoRocket’s platform is available as a web-based platform, allowing users to access their accounts from any device with a web browser.
MetaTrader 4 (MT4)
With the MetaTrader 4 (MT4) desktop platform, Web Trader, and mobile app for iOS/Android devices, CryptoRocket provides clients with free, safe, and trustworthy trading platforms that allow them to trade from anywhere on any device. Traders who want to access their accounts and manage positions while on the go will benefit from the mobile trading platforms. The online trading platform operates straight in most popular web browsers without downloading or installing any extra software. You may trade immediately after logging onto the WebTrader with your trading account information. Traders of all levels of expertise and amount of funds may benefit from the strong and sophisticated MT4 trading platform. Those who are new to trading will like the user-friendly design, while more experienced traders will appreciate the number of charts, tools, and valuable features. Here are the cool features traders enjoy while using MT4:
- Reliable trading
- Analytical tools
- Trading signals from MetaQuotes marketplace
- One-click trading
- Automated trading
- Strategy tester
- MQL4 editor
- Lots of useful Technical indicators and charting objects
- Multiple order types
- Trailing stop loss, and take profit orders
- 3 fully customisable chart types
- 11 timeframes for in-depth analysis
- Trading from charts
- Price alerts
- Desktop, web, Android, and iOS versions available
MetaTrader 5 (MT5)
CryptoRocket claims that it will soon start offering the more advanced MetaTrader 5. This multi-asset trading platform carries all the usual features of MT4, and additionally, it has more analytical tools, order types, and tradeable asset classes. Here are some features of MT5 that will attract traders:
- 21 timeframes for a detailed analysis
- 3 customisable chart types
- Advanced order types
- Fast executions
- Trade real stocks with MT5
- Numerous technical indicators and drawing objects
- Support for Expert Advisors (EAs)
- Real-time price quotes and alerts
- One-click trading
- Custom push notifications
- Real volume data
CryptoRocket Platforms Summary
|MetaTrader 4 (MT4)||✓|
|MetaTrader 5 (MT5)||✓|
The CryptoRocket trading platforms have a wide range of trading tools that should be more than sufficient to suit the demands of most average to advanced traders. There are tools for technical analysis, fundamental analysis, and other activities. Whatever your trading style is, there is almost certainly a tool that may help you improve your trading strategies. There are multiple instructions in the guides section on the CryptoRocket website that cover a variety of issues, including how to download and install trading platforms, make deposits and withdrawals, and so on.
On the other hand, the broker fails to provide popular educational resources such as market analysis, video tutorials of the platforms, or webinars and podcasts. The broker does not offer any research tool such as AutoChartist, Trade Central, economic calendar, and trading calculators. It would be great to have these educational and research tools on your side while trading in these fast pace global markets.
CryptoRocket Research and Education Summary
Credit/debit cards, wire transfers, and cryptocurrencies are all options for funding your CryptoRocket account. The broker offers same-day processing and instant access to your assets, allowing you to access your money whenever you need it. The withdrawal procedure is simple and quick. Bitcoin withdrawals should come in an hour or less after approval, depending on blockchain traffic. It should be noted that withdrawals must be made using the same payment option as the deposit. There is no minimum deposit requirement from the CryptoRocket. However, the broker allows withdrawal of a minimum of $10.
CryptoRocket Funding Summary
CryptoRocket Limited is the parent company behing CryptoRocket broker. The company is registered offshore in St. Vincent and the Grenadines. The country’s less strict laws make it a heaven for offshore companies. On the other hand, the broker is not authorised and regulated by any well-known government regulatory authority globally. Lack of regulation does remove some investor protection but also enable them to provide certain investing products and services that a regulated brokerage firm wouldn’t be able to due to strict rules and regulations put in place to protect investors.
CryptoRocket Regulation Summary
|SFC (Hong Kong)||x|
The parent company of CryptoRocket does not hold a banking licence and is not listed on any stock exchange. Also, the broker or its parent company does not disclose their financial information in public. But, the broker puts forth a lot of effort to ensure that the system is safe. They retain a close eye on their network for any questionable activity. It places a high priority on the safety of your assets. The broker keeps customers’ funds separate and keeps BTC wallets’ information in cold storage. All funds are saved on offline external storage devices rather than on the company’s servers using this approach. This provides extra protection for Bitcoin depositors and withdrawals. In order to secure funds, this broker employs tactics such as user behaviour analysis. The software is able to track the login and transfer habits that its users display. Any questionable behaviour is promptly flagged and highlighted by the firm to the relevant users. Finally, in order to protect customer money, the broker employs two-factor authentication.
CryptoRocket has live chat support available 24/7 to answer any of your general, technical, and account-related issues. The online contact form is also an easy way to get in touch with them or request a callback. A very informative FAQs section on the broker’s website addresses some of the most typical questions that traders might have in their minds. CryptoRocket takes customer service seriously. They take pleasure in ensuring that every person who trades with them is treated with the utmost care, regardless of their level of experience or investment.
CryptoRocket is a popular broker for crypto lovers in general. The ability to deposit and withdraw Bitcoin, as well as the quick transaction times, are appealing features. The minimal minimum deposit and withdrawal amounts enable unrestricted money mobility, especially because there are no associated broker fees. CryptoRocket provides its customers with a diverse selection of cryptocurrencies and other assets and responsive customer service that is available 24/7 to help.