CryptoRocket Review 2024


1.5 / 5
CryptoRocket is #108 in our CFD broker rankings.

After checking out the CryptoRocket account, I think the broker will suit any dedicated crypto traders looking to trade on the MetaTrader terminals. Minimum deposits start from $10, so beginners can get started easily. That said, I am concerned about the lack of regulation.

- Daytrading Review Team

CryptoRocket is an offshore broker offering low-cost trading on popular digital currencies, plus stocks, indices, and commodities. Scalping, bots and hedging strategies are also permitted on the MT4 or MT5 platforms. Traders can access high leverage up to 1:500 and enjoy 24/7 customer support.

$10
MT4, MT5
Cryptos, Forex, Stocks, Indices, Commodities
-
USD, EUR, GBP
Debit Card, Credit Card, Wire Transfer, Bitcoin Payments

Forex Trading

I was pleased to find a strong range of 55 major, minor and exotic currency pairs at CryptoRocket with competitive spreads from 0.6 pips on EUR/USD. Experienced traders can also utilize the high leverage ratios up to 1:500. That said, I think it’s a shame that there’s no forex market analysis available for traders.

Stock Trading

My tests uncovered a range of 60+ shares, which is very limited compared to competitors. However, I appreciate the diversification opportunities across both US and European exchanges. There are also plenty of stock strategies to execute in the MT4 and MT5 platforms.

CFD Trading

CryptoRocket offers a modest range of CFDs covering forex, stocks, commodities and cryptos with a low $10 minimum deposit and no limits on trade size. That said, it’s frustrating that there are no additional tools or resources outside of the MetaTrader terminals to enhance your CFD trading strategies.

Crypto Trading

I was impressed with the broker’s range of 35+ cryptocurrency pairs, including ETHUSD, BTCUSD and XRPUSD. I strongly recommend utilizing the MT4 or MT5 demo accounts if you’re new to crypto trading. CryptoRocket allows you to have as many live and demo accounts open simultaneously, so you can continually practice and execute your strategies.

Awards

  • Best Cryptocurrency Broker 2020
  • Crypto Broker of the Year 2020

✓ Pros

  • I’m happy to see integration with both the MT4 and MT5 platforms - two of the most reliable and feature-rich terminals on the market
  • I like that the broker lets you have multiple live and demo accounts open at the same, on both the MT4 and MT5 platforms
  • It’s good to see that beginners can get started with just a $10 minimum deposit and there are no minimum trade sizes
  • CryptoRocket offers a very strong range of crypto pairs for those who are primarily looking to trade the digital markets

✗ Cons

  • Compared to other brands, CryptoRocket only offers a few payment methods, with no e-wallets available. Plus, you can only withdraw using Bitcoin, which will be inconvenient for some
  • I’m concerned about the lack of regulatory oversight at CryptoRocket, which means traders won’t have access to any fund protection or compensation schemes
  • I think it’s a shame that there are no copy-trading tools or social trading features at this broker, which are typically popular among beginners
  • The lack of additional analysis tools and educational resources is a major drawback compared to most alternative brands

CryptoRocket offers margin trading on cryptocurrencies, forex, stocks and indices. Same-day withdrawals and MT4/MT5 integration have made it a popular broker with aspiring traders. This review will detail the services that CryptoRocket offers, platform features, spreads and prices, investment signals, plus minimum deposits. Find out if you should start trading with CryptoRocket.

Company Details

Launched in 2018, CryptoRocket Limited is based in St. Vincent and the Grenadines. Although relatively new in the industry, the brand has already won awards for its crypto trading products.

The ECN broker offers CFDs on seven asset classes with up to 1:500 leverage. Clients can speculate on traditional financial markets as well as major cryptos like Bitcoin, Ethereum and Litecoin.

24/7 customer support and competitive pricing via institutional-grade liquidity providers have made CryptoRocket popular with both beginners and experienced traders.

Trading Platforms

Clients can choose between the MetaTrader 4 and MetaTrader 5 platforms. Both are high-quality terminals that can be accessed for free through desktop computers and mobile devices.

MetaTrader 4

Launched in 2005 by MetaQuotes, MetaTrader 4 (MT4) is one of the best platforms available to day traders.

To help with analysis, clients can customize charts using nine different time frames, 30 technical indicators and 24 graphical objects. The terminal offers both market execution and pending orders, plus stop losses and take profits. Investors can also set up signals and alerts to be notified when certain market conditions are met, indicating when a position could be opened or closed.

MT4 offers forex trading only. If you want to trade on other markets, you will need to use MetaTrader 5.

CryptoRocket trading platform
MetaTrader 4

MetaTrader 5

Five years after the launch of MT4, MetaQuotes released MetaTrader 5 (MT5), an advanced trading solution for serious CryptoRocket traders.

MT5 offers additional features and tools, including 80 analytical tools to overlay onto price charts and 21 time frames starting from one minute and increasing up to one month. Additionally, MetaQuotes has provided the MQL5 programming language that allows clients to create their own indicators and tools.

Other helpful additions include Expert Advisors (EAs), which are bots used to execute trades. There are some that come built into the platform or you can search for and purchase bots from third-party sites.

How To Place A Trade

CryptoRocket trading guide
How To Make A Trade

Assets & Markets

CryptoRocket offers a decent selection of instruments:

CryptoRocket uses a Straight Through Processing (STP) model meaning no dealing desk intervention. As a result, day traders benefit from ultra-fast order executions through top-tier liquidity providers.

Fees

CryptoRocket charges the same commission across all markets and instruments. Depending on the base currency, the commission is $/£/€6 per lot traded.

Spreads are competitive with the EUR/USD available at 0.6 pips. BTC/USD is offered at 76.6 pips while XAU/USD comes in at 2.7 pips and the Nasdaq at 11.2 pips.

CryptoRocket trading fees
Spreads

The broker does not charge any fees for deposits and withdrawals.

CryptoRocket Leverage

The maximum leverage you can use depends on the instrument:

Mobile App

The brokerage group itself does not offer a dedicated app but if you want to trade on your mobile device, you can download the free MT4 or MT5 apps. There are download links available on the CryptoRocket website.

The MetaTrader apps support netting and hedging, come with a market depth feature, and provide various integrated indicators, charts and alerts. Mobile traders can also monitor their trading history and execute positions in one tap.

Note, the CryptoRocket Pro APK app created by NikitaDev is not related to the CryptoRocket broker.

Payment Methods

Deposits

CryptoRocket supports deposits made using credit/debit cards, bank wire transfers and Bitcoin. The broker aims to process deposits within one hour.

The minimum deposit to open a live trading account is $10, however, bank wire transfers have a $50 minimum funding requirement.

While there are no fees for deposits or withdrawals, you may be subject to third-party charges or fees imposed by the blockchain network.

Withdrawals

Our experts found that CryptoRocket clients can only make withdrawals using Bitcoin. This is a downside vs competitors.

The broker aims to complete all withdrawals within one hour but they can take up to three hours depending on the blockchain network.

The minimum amount you can request is $10.

How To Transfer Funds

Deals & Promotions

When we used CryptoRocket, we were not offered any welcome bonuses or loyalty deals.

As an unregulated entity, CryptoRocket is not subject to restrictions on financial incentives. With this in mind, the broker’s website may publish details of future promotions.

Regulation & Security

CryptoRocket does not hold a license with a regulatory authority, so be careful with investments. You will not necessarily receive negative balance protection or guarantees if the company defaults.

The broker does claim to use certain measures to help protect client accounts and their funds. For example, all users have the option to enable two-factor authentication at login using email and a phone number.

Additionally, when clients request a withdrawal, the broker will conduct verification checks such as looking at IP records and account flags to ensure the wallet address is genuine.

Finally, to help secure funds on the platform, the broker stores crypto in a cold wallet to keep it safe from hackers and fraudsters.

Additional Features

When it comes to education and additional features, CryptoRocket falls short. There is limited information on trading basics, asset features or the latest market news. This means the broker might not be the best choice for beginners.

There are, however, three step-by-step user guides to help clients trade on the platform and make deposits/withdrawals.

Live Account

CryptoRocket offers a single live trading account. Users have access to all of the cryptocurrency broker’s features and tools.

On the downside, this means active traders won’t receive lower fees and premium market insights for trading in high volumes.

CryptoRocket account sign-up
How To Open An Account

Demo Account

CryptoRocker also offers a free demo account where you can practice trading using either the WebTrader terminal or the downloadable MT4 platform.

When you register for a paper trading account, you choose the leverage and starting funds.

Trading Hours

The cryptocurrency market is open 24 hours a day, 7 days a week with no weekend closures or public holidays. Stocks and forex are available to trade Monday to Friday.

Keep an eye on the trading platform for details of upcoming market closures.

Customer Support

CryptoRocket offers 24-hour customer support.

If you need help, you contact the broker via:

CryptoRocket Verdict

CryptoRocket offers leveraged trading on various cryptocurrencies, forex pairs, stocks, commodities and indices. MT4 and MT5 integration, plus a $10 minimum deposit, make the online broker accessible to aspiring crypto investors.

On the other hand, CryptoRocket is not regulated so traders will need to be careful with their investments.

FAQs

Is CryptoRocket Legit?

CryptoRocket is a genuine CFD broker. While the broker is not regulated, it has taken steps to protect client funds, including storing crypto funds in cold wallets, enabling two-factor authentication at login, and checking IP records and account flags to verify wallet addresses.

How Can I Trade With CryptoRocket?

You can open contracts and monitor positions using MetaTrader 4 and MetaTrader 5. Both platforms have computer applications that you can download from the broker’s website as well as mobile apps available on iOS and Android devices.

If you do not want to download software, you can use the WebTrader terminal through the CryptoRocket website.

How Can I Deposit Funds To My CryptoRocket Account?

CryptoRocket supports deposits made via bank cards, wire transfers, and Bitcoin. Payments are fee-free and are processed within one hour.

Note, the minimum deposit via wire transfer is $50, whereas with Bitcoin the limit is $10.

What Is CryptoRocket?

CryptoRocket is a CFD broker that offers margin trading on forex, cryptocurrencies, indices, commodities, futures and stocks. The broker is based in St. Vincent and the Grenadines and accepts clients from around the world.

What Can I Trade With CryptoRocket?

CryptoRocket supports trading on forex, crypto coins (USD and BTC pairs), commodities, US Dollar futures, and stocks from US and European exchanges and indices.

Top 3 Alternatives to CryptoRocket

Compare CryptoRocket with the top 3 similar brokers that accept traders from your location.

  1. Vantage – Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
    Go to Vantage
  2. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  3. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG

CryptoRocket Comparison Table

Compare CryptoRocket With Similar Brokers
CryptoRocket Vantage AvaTrade IG
Rating 1.5 4.7 4.9 4.4
Markets Cryptos, Forex, Stocks, Indices, Commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $50 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FCA, ASIC, FSCA, VFSC ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Bonus 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
Education No Yes Yes Yes
Platforms MT4, MT5 ProTrader, MT4, MT5, TradingView, DupliTrade WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Leverage 1:500 1:500 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:250 (Pro)
Payment Methods 4 12 13 6
Visit Visit Visit Visit Visit
Review Vantage
Review
AvaTrade
Review
IG
Review

Compare Trading Instruments

Compare the markets and instruments offered by CryptoRocket and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare CryptoRocket Trading Instruments
CryptoRocket Vantage AvaTrade IG
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No No Yes No
Crypto Yes Yes Yes Yes
Futures Yes No Yes Yes
Options No No Yes Yes
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No No Yes
Spreadbetting No Yes Yes Yes
Volatility Index No Yes Yes Yes

CryptoRocket vs Other Brokers

Compare CryptoRocket with any other broker by selecting the other broker below.

 

Customer Reviews

  1 / 5

This average customer rating is based on 1 CryptoRocket customer reviews submitted by our visitors.

If you have traded with CryptoRocket we would really like to know about your experience - please submit your own review. Thank you.

  1

They will ban and take your profit if you are making good trading!
Their advertisement on their website is not accurate because they boast its interest in your trading to be successful but beware, if you are they will make up a reason to ban and take your profit. Their customer service is horrible unless they are taking money from you. Some poor soul just got rip off by this monster.

✍ Chew | 🌐 United States | April 12, 2024

Submit Your Own Review of CryptoRocket

If you have experience trading with CryptoRocket please share your personal review of the broker and what you think are strong and weak points. Thank you.

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CryptoRocket is an offshore broker offering low-cost trading on popular digital currencies, plus stocks, indices, and commodities. Scalping, bots and hedging strategies are also permitted on the MT4 or MT5 platforms. Traders can access high leverage up to 1:500 and enjoy 24/7 customer support.