CryptoRocket offers leveraged Crypto and Forex trading via the easy to use yet powerful MetaTrader 4 (MT4) trading platform for desktop, web and mobile devices. They have very competitive trading conditions on a vast range of trading instruments across multiple asset classes, including Forex, Cryptocurrency, Stocks, Indices & Commodities. Clients get excellent 24/7 support along with the option of Bitcoin trading accounts and funding.
Pros / Cons
- 30+ Cryptocurrencies
- Diverse selection of trading instruments
- Flexible leverage
- 24/7 customer support
- Same day withdrawals
- No account transaction fees for deposits/withdrawals
- Intuitive, powerful & user friendly MT4 platform
- Straight Through Processing (STP) brokerage
- Very competitive trading conditions
- No minimum deposit to start trading
- Bitcoin accounts & funding
- Affiliate program
- No MetaTrader 5 platform
- No Islamic accounts
In this detailed CryptoRocket review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
CryptoRocket is an online broker that offers traders around the globe leveraged Forex and Crypto trading with very competitive trading conditions including tight spreads, reliable execution speeds and user-friendly trading platforms.
CryptoRocket clients get the chance to trade on institutional liquidity that is sourced from major global investment banks, as well as from fully transparent liquidity execution providers. What this means for the trader is that you can have access to excellent rates, along with the ability to trade on tight spreads.
In addition to forex currency pairs and cryptocurrencies, the broker also offers stocks, indices and commodities trading. They offer leverage of up to 1:500 along with access to deep liquidity and excellent 24/7 customer support. Reviews of CryptoRocket across the web are very positive with many clients reporting that they are happy with the brokers service.
CryptoRocket uses a Straight Through Processing (STP) execution model. This means that each time you place a trade via the brokers trading platform, you do not have to worry about any dealing desk intervention or re-quotes. The STP execution model also removes any of the potential conflicts of interest that there could be between broker and trader. All trades are processed via an aggregator, which ensures that you get the very best rates they have available, as these come directly from the top-tier liquidity establishments they incorporate.
CryptoRocket is a legally registered forex broker located in the Saint Vincent and the Grenadines, but is not regulated by any government agency. The broker works very hard to provide a secure system. They are continuously monitoring their network for any suspicious activities.
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CryptoRocket accepts clients from all over the world, excluding some countries where restrictions apply. Some CryptoRocket broker features and products mentioned within this CryptoRocket review may not be available to traders from specific countries due to legal restrictions.
MetaTrader 4 (MT4) Platform
CryptoRocket provide clients with free, safe and reliable trading platforms so that they can trade anywhere on any device with the MetaTrader 4 (MT4) desktop platform, Web Trader and mobile apps for iOS/Android devices. The mobile trading platforms are very useful for traders who need to access their account and manage positions whilst on the go whereas the web trading platform runs directly in most modern web browsers without the need to download or install any additional software. You can simply login to the Web Trader online platform using your CryptoRocket trading account details and you’re ready to trade.
The powerful and sophisticated MT4 trading platform is suitable for traders of all experience levels and investment size. Those new to trading can take advantage of its user-friendly interface whilst the more experience traders will be pleased to see an abundance of charts, tools, and useful features included.
Some of the key CryptoRocket MT4 platform features include:
- Fast, stable and reliable trading environment
- Large variety of built-in analytical tools for conducting detailed market analysis
- Trading signals, copy trading, one-click trading
- Automated trading via Expert Advisors (EAs)
- Strategy tester to back test EAs over historical data
- MQL4 editor to create custom indicators, scripts & EAs
- Free Code Base with thousands of technical indicators already available
- Support for multiple order types: market, pending limits and stops
- Trading directly from the charts
- Price alert notifications via SMS, email & platform pop-ups
- CryptoRocket MT4 is available for PC, Mac, Linux and for mobile devices – iPhone, iPad and Android
CryptoRocket Trading Tools
The CryptoRocket platforms have a large variety of trading tools implemented within them that will be more than enough to meet the needs of most traders. There are tools for conducting technical analysis of charts, fundamental analysis and more. Whatever your trading style, there is likely to be a tool that will benefit your strategy.
On the CryptoRocket website you will find numerous guides covering various topics including those that explain how to download and install the trading platforms, make deposits and withdrawals, etc.
CryptoRocket clients have a diverse selection of trading instruments to choose from across multiple asset classes including:
- 55 Currency Pairs including major, minor & exotic FX crosses
- 33 Cryptocurrency Pairs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple, Eidoo, OmiseGO, Santiment, Monero, Zcash, EOS, Metaverse ETP, IOTA, NEO, Tron
- 64 Stocks based on shares of US, UK and EU companies including Amazon, Google, Facebook, Tesla, Netflix, Twitter & many more
- 11 Indices based on baskets of different blue-chip stocks and US Dollar Index
- Commodities including Gas, Oil and Precious Metals
CryptoRocket Accounts & Fees
CryptoRocket keep things simple by offering one core account type which backs into the MetaTrader4 trading platform. There is no minimum deposit amount to start trading and no restriction on trading strategies, so all types of traders are welcomed whilst the minimum lot size required is just 0.01. Their commissions are competitively low at around $6 per 1.0 lot which is very reasonable when compared to other online brokerages.
There is also a demo account option available if you would like to try the brokers platforms and practice your trading strategies. Pricing within the demo platform are the same as those within the live trading platform. The broker allows you to create as many live and demo accounts for each available currency option as you wish
As broker fees can vary and change, there may be additional fees that are not listed in this CryptoRocket review. It is imperative to ensure that you check and understand all of the latest information before you open a CryptoRocket broker account for online trading.
CryptoRocket have a 24/7 live chat support team on hand to answer all of your general, technical or account related questions in a prompt and efficient manner. The native English support team is available at your fingertips whenever you are in need of assistance. You can also contact them using the online contact form or request a call back.
There is a very useful frequently asked questions section on the brokers website which cover some of the common question’s traders have and supply you with instant answers.
CryptoRocket take the role of customer support very seriously and pride themselves in ensuring that each and every individual who trades with them receives the very highest level of care, regardless of their experience level or investment size.
CryptoRocket Deposit & Withdrawal
You can deposit funds into your CryptoRocket account via credit/debit card, wire transfer, Bitcoins and Instacoins. The broker providers quick and easy access to your funds with same day processing to give you access as and when you need it. The withdrawal process is fast. Once approved, Bitcoin withdrawals should arrive in an hour or less depending on blockchain traffic.
It should be noted that each withdrawal has to be made with the same payment system used for the deposit and must be in cryptocurrency form (the broker does have card payment facilities through their payment partner gateway as well as bitcoin deposits).
The CryptoRocket website has some very easy to follow guides that clearly explain step by step how to make deposit and withdrawals whilst the customer support team will be happy to help you if required.
- Time to Fund: Deposits are dependent on the speed of the Blockchain via BTC, and instant via Instacoins
- Min Deposit: 0 BTC
- Max Deposit: No limit
- Fee: Free
- Time to Withdrawal: Same Day
- Min Withdrawal: 0.001 BTC
- Max Withdrawal: No limit
- Fee: Free
CryptoRocket Account Opening
You can sign up to CryptoRocket today and start trading your favourite crypto, stock and forex CFD’s 100% anonymously through MT4, web trader or the iPhone and Android App. There is a very short online application form to complete which takes just a few minutes. You can even signup with your Facebook or Google account to make the process even more convenient. Once you have filled in the requested details on the sign-up page, you will receive your login details. You can then start trading online with CryptoRocket.
CryptoRocket Affiliate Program
CryptoRocket have an affiliate program where you can refer a friend and earn $5 per lot round trip when they start trading with the broker. You just simply need to share your unique affiliate link with friends and when they start trading you can earn a passive commission. Every time a new user clicks on the link signs up and starts trading, the link owner earns $5.
What is the CryptoRocket minimum deposit?
CryptoRocket do not enforce a minimum deposit, however if transferring bitcoin keep in mind the blockchain has a fee. Therefore, if you transfer anything less than $10 USD worth of BTC some of that will get eaten up in the blockchain fee. The broker estimates to allow $5 for fees but it fluctuates and can be significantly less than this.
The fact there is no minimum deposit means that you can try out the brokers services with a small amount to begin with. Once you have determined if they are suitable for your needs, you may then consider a larger deposit.
How do I deposit money into CryptoRocket?
You can quickly and easily fund your CryptoRocket account by wire transfer, credit/debit card, Bitcoin and Instacoins.
Simply login to your account and find the ‘Deposits’ option between the side tabs. Choose the depositing method, the available currency and enter the amount you wish to deposit, then click on the deposit button. You will then be redirected to a screen where you can complete the deposit.
Please note that when using Bitcoin deposits, there is a unique Bitcoin address that is generated for you each time you submit a deposit. You must use this address within 15 minutes and do not use the same Bitcoin address more than once. Once approved, Bitcoin deposits should arrive in an hour or less depending on blockchain traffic.
What are the CryptoRocket deposit fees?
CryptoRocket do not charge any deposit fees although Bitcoin deposits will incur a blockchain fee and Instacoins may also charge a service fee.
How do I withdraw money from CryptoRocket?
You can withdraw funds from CryptoRocket via Bitcoin. The withdrawal process is fast. Once approved, Bitcoin withdrawals should arrive in an hour or less depending on blockchain traffic. Withdrawn funds are subtracted from your trading account right away.
Typically, funds are paid back using the same payment method that was used to fund the account. This could mean that you receive your withdrawal in several different payments.
What are the CryptoRocket withdrawal fees?
CryptoRocket do not charge a withdrawal fee. However, just like with making a deposit, you will need to pay a blockchain fee when making a Bitcoin withdrawal and Instacoins may charge you a service fee.
What is the CryptoRocket commission fee?
CryptoRocket charge a small $6 commission fee per standard lot round turn. This means that you pay $6 for a 100,000 position. We found this to be very competitive fee when compared to hundreds of other trading brokers.
Are there any CryptoRocket inactivity fees?
No, CryptoRocket do not charge any inactivity fees. Therefore, you can avoid any nasty surprises in the form of dormant account fees should you not use your trading account for a sustained period of time.
What are the CryptoRocket account types?
CryptoRocket keep things nice and simple with one standard account to fit all. The standard account offers tight spreads, low commission fees, fast trade execution speeds, no minimum deposit and leverage up to 1:500.
Is there a CryptoRocket demo account?
Yes, there is a CryptoRocket demo account which comes preloaded with virtual funds and is completely free to use. A demo trading account can be a great way to familiarise yourself with the provided trading platforms and practice your trading strategies risk free. Once you become confident enough, you may then consider switching over to a live account.
You can open as many demo accounts as you wish. Pricing within the demo platform is the same as that within the live trading platform. However, keep in mind that demo trading does not take into consideration human emotions such as fear, anger and greed, all of which can have an impact on trading performance.
What are the CryptoRocket spreads?
CryptoRocket have variable spreads that change according to the market conditions. We found the broker to have generally tight spreads across the trading instruments that they offer.
The spread is the difference between the bid price and the ask price of an instrument, and is usually measured in pips. This is a normal cost that you must pay to most brokers when placing an order on trading instruments such as Forex currency pairs.
What is the CryptoRocket leverage?
CryptoRocket offer leverage up to 1:500. Leverage allows you to open a position size greater than you would have been able to without it.
For example, if a trader has an account of $1,000 and no leverage, they would be able to open a maximum position size of $1,000. If the same trader has an account of $1,000 and 1:300 leverage, they would be able to open a position size up to $300,000 ($1,000 x 300 leverage).
Whilst trading with leverage means the potential profit can be greater, it also means the risk is significantly increased. It is therefore of the upmost importance that you have a clear understanding of leverage and the risks involved before trading online with leveraged positions.
What are the CryptoRocket margin & stop-out levels?
The margin level determines the deposit that is required to keep open positions. To open and hold positions, a trader must have sufficient funds to secure it. Free margin determines the capital that remains on the account to open subsequent positions, and to cover the changes in the balance resulting from price movements from already opened positions.
With regards to transactions in CFDs, CryptoRocket has the discretionary right to start closing positions starting from the one with biggest loss when margin decreases to approximately 30%, and automatically close all positions at market prices if margin level drops below 5%.
The margin requirement will depend on the underlying instrument of the CFDs. Margin requirements can be fixed or can be calculated from the current price of the underlying instrument.
Do CryptoRocket allow hedging, scalping & expert advisors?
Yes, CryptoRocket do not have any restrictions on trading styles and welcome traders with all types of trading strategies. They allow users to hedge and to scalp, as well as other high frequency trading styles.
Is there a CryptoRocket Islamic account?
At this time, CryptoRocket are unable to offer Islamic accounts but it is something they aim to have implemented in the near future.
What are the CryptoRocket trading instruments?
CryptoRocket have a generous selection of trading instruments, with something for everyone, regardless of your interests. You can choose between forex currency pairs, cryptocurrencies, stocks, indices and commodities.
How do I open a CryptoRocket live account?
It is easy to open a CryptoRocket account. You can just click on the sign-up button on the brokers website and fill in the requested details on the sign-up page to receive your login details.
How do I verify my CryptoRocket account?
Once you’ve completed the application form, you can verify your CryptoRocket account with a proof of identification and address. This can be a passport, drivers licenses, national identity card, utility bill or bank statement no more than 3 months old. They will usually verify your documents within a few business hours.
What is the CryptoRocket trading platform?
CryptoRocket offer the ever-popular and extremely user-friendly MetaTrader 4 (MT4) platform for web, desktop and mobile devices. The MT4 platform is packed with tools, features and functionality, to ensure a seamless and enjoyable trading environment for users of all experience levels.
Where can I download the CryptoRocket platform?
You can download the CryptoRocket MT4 platform completely free of charge from the brokers website. They also have a web platform that runs directly in your web browser without the need to download or install any additional software. Furthermore, you can download the MT4 app from the relevant app store on your mobile device.
Where is CryptoRocket located?
Founded in 2018, CryptoRocket is a global Crypto & Forex broker with its head office located in St. Vincent and the Grenadines.
Is CryptoRocket regulated?
CryptoRocket is legally registered in Saint Vincent and the Grenadines, although they are currently not regulated by any government agency.
However, the broker states that they are working very hard to provide a secure system and continuously monitor their network for any suspicious activities.
Whilst lack of regulation does mean they cannot offer the same protection that a regulated broker can, it does also mean that they can offer some products and services that a regulated broker may not be able to.
What countries do CryptoRocket accept?
CryptoRocket welcome clients from around the globe but the brokers services are not directed toward soliciting citizens or residents of any jurisdiction that would be contrary to local law or regulation.
Is CryptoRocket a scam?
No, CryptoRocket is not a scam. They have been providing very competitive online trading products and services to a global clientele since 2018. You will find plenty of positive feedback from happy users online whilst we have personally had a good experience with them.
How can I contact CryptoRocket support?
CryptoRocket customer support is available 24/7 to answer any of your questions. You can reach them via online chat, opening a support ticket or requesting a call-back. We found them to be very prompt, polite and efficient in their responses to a variety of questions that we asked them.
CryptoRocket is a complete solution for trading forex & CFDs online via powerful and flexible trading platforms that are compatible across multiple device including desktop, web and mobile (iOS & Android). They have useful guides and 24/7 support which can be beneficial for those new to trading whilst there is a good range of assets available to trade and flexible account funding options. Overall, CryptoRocket has very competitive trading conditions and welcome all types of traders from around the world.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Please read the full Risk Disclosure on the brokers website.