CryptoRocket Review 2023
CryptoRocket offers low-cost trading on popular digital currencies, plus stocks, indices, and commodities. Scalping, bots and hedging are also permitted.
- Demo account
- MT4 integration
- Low minimum deposit
- Full range of investments
- No copy trading
- No regulatory oversight
- Few payment methods offered
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.
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.
24/7 customer support and competitive pricing via institutional-grade liquidity providers have made CryptoRocket popular with both beginners and experienced traders.
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.
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
- Sign in to your CryptoRocket account through the platform launcher
- On the trading platform, click the ‘New Order’ button
- Select the desired asset from the dropdown list
- Specify the order type from either market execution or pending order
- Type in the trade details such as trade volume as well as stop loss and take profit orders
- Click ‘Sell’ or ‘Buy’ depending on the contract side and open the trade
- To close the contract, click on the order in the ‘Trade’ box and select ‘Close Order’
Assets & Markets
CryptoRocket offers a decent selection of instruments:
- Cryptos – 34 cryptocurrencies including some of the biggest tokens such as Bitcoin, Ethereum and Shiba Inu
- Forex – 55 major, minor and exotic currency pairs for example EUR/USD, GBP/USD and USD/CAD
- Stocks – 64 stocks from US and European exchanges including Amazon, Lufthansa, Tesla and Volkswagen
- Indices – 10 indices including the NASDAQ 100, Dow Jones 30 and FTSE 100
- 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 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.
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.
The broker does not charge any fees for deposits and withdrawals.
The maximum leverage you can use depends on the instrument:
- Forex and metals: 1:500
- Energies and indices: 1:200
- Cryptocurrencies: 1:100
- Stocks: 1:20
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.
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.
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
- Sign in to your account at cryptorocket.com
- Under the ‘Transactions’ tab, click either ‘Deposit’ or ‘Withdraw’
- Select your transfer method
- Input the amount and confirm
- If using Bitcoin, you will be redirected to a page showing the address you can send the crypto. Alternatively, you will be asked to input your wallet address for a withdrawal
- If using a wire transfer for a deposit, you will be redirected to a site that processes fiat purchases of Bitcoin, which will then be deposited into your brokerage account
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.
Even though CryptoRocket is not regulated, it has taken 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.
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.
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.
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.
Benefits Of CryptoRocket
While using CryptoRocket, our expert traders found several advantages:
- 1:500 leverage
- No limits on trade size
- Low minimum deposit
- Two-factor authentication
- Powerful cryptocurrency tools
- Same-day deposits and withdrawals
- MetaTrader 4 and MetaTrader 5 integration
- Cryptocurrency trading including Bitcoin (BTC)
Drawbacks Of CryptoRocket
- Unregulated broker
- Bitcoin withdrawals only
- No negative balance protection
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.
CryptoRocket offers 24-hour customer support.
If you need help, you contact the broker via:
- Request a call back
- Online contact form
- Live chat on the website
- FAQs and user guides
- Social media accounts on Facebook, Instagram and Twitter
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.
CryptoRocket accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Compare CryptoRocket with similar brokers that accept traders from your location. Among available brokers these are the most similar to CryptoRocket:
IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
Binarium – Binarium is an unregulated, global binary options broker with a range of financial markets, account types and base currencies on offer.
World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
CryptoRocket Comparison Table
|CryptoRocket||IG Group||Forex.com||Binarium||World Forex|
|Markets||Cryptos, Forex, Stocks, Indices, Commodities||Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Crypto||Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts|
|Minimum Trade||0.01 Lots||0.1 lots||$1||$1||0.01 Lots|
|Regulators||None||FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin||CySEC, IIROC, NFA, CFTC, FCA, CIMA||–||SVGFSA|
|Bonus||–||–||No||–||100% Deposit Bonus|
|Platforms||MT4, MT5||MT4||MT4||–||MT4, MT5|
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.
|CryptoRocket||IG Group||Forex.com||Binarium||World Forex|
CryptoRocket vs Other Brokers
Compare CryptoRocket with any other broker by selecting the other broker below.
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.
|CryptoRocket offers low-cost trading on popular digital currencies, plus stocks, indices, and commodities. Scalping, bots and hedging are also permitted.|