CryptoRocket is an online broker that was founded in the year 2018. The company is based in St. Vincent and the Grenadines, and is not regulated under any jurisdiction. CryptoRocket offers multiple tradable assets to its customers, including 55 currencies, 35 cryptocurrencies, 64 stocks, and 11 indices. Despite the wide range of instruments, this broker specializes in cryptocurrencies and consider themselves a global market innovator in the field.
CryptoRocket offers a low minimum deposit of just $10, however, the broker accepts very limited methods of deposit compared to the other players in the market. CryptoRocket only accepts credit/debit cards, wire transfers, and Bitcoin. This broker prides itself on same-day withdrawals for credit card transactions which is highly attractive for traders.
This broker offers advanced charting tools as well as market news and analysis, to help its users maximize their returns and trade with confidence.
This broker offers only one account type to its users, the standard CryptoRocket Account, with a high leverage of up to 500:1. Though this broker is not regulated, all customer funds are kept in segregated accounts. Fuds are not insured.
CryptoRocket runs an affiliate program for its customers, and provides 24/7 customer support through live chat, email, and callbacks.
Pros and Cons
Pros
- Good Range Of Assets
- Low Minimum Deposit
- 24/7 Customer Support
- No Deposit/Withdrawal Fees
- Fast Withdrawals
- Fast Order Execution
Cons
- Not Compatible with MetaTrader 5
- No Regulation
- A weak educational framework and offering
- Does Not Accept US Clients
Recommended For
CryptoRocket is recommended for users who are looking for a crypto-focused platform. The broker offers a wide range of crypto instruments to its customers, including Bitcoin, Litecoin, Ethereum, and many others. This broker offers specialized news and charting tools which assist with crypto trading in particular, and deposits and withdrawals can be made in BTC.
This broker is also recommended for users who are seeking lightning-fast trading, as the execution speeds are among the best in the industry.
Top Features
- Intuitive Platform: CryptoRocket provides the MetaTrader 4 platform to its users. This well-known platform is highly intuitive and offers some great features. It is fully compatible with Android and iOS, enabling easy mobile trading. Furthermore, CryptoRocket’s platform can be accessed via the web-based platform, ensuring that users can access their account using any device that has a web browser.
- A Good Range of Instruments: Although CryptoRocket is focused on cryptocurrencies, it does offer a good range of other instruments to its customers. These instruments include currency pairs, stocks, indices, and metals. Therefore, users of the platform have some good asset options to choose from.
- No Deposit/Withdrawal Fees: Another great feature offered by the broker is that there are no deposit or withdrawal fees. This ensures that its users can maximize their net earnings via that platform and withdraw as frequently as they want. Also, withdrawals via credit/debit cards are processed within one day, ensuring quick access to funds. Withdrawals via bank transfer can take up to 7 days, depending on geographical location and compliance status.
- Low Minimum Deposit: This broker also offers a low minimum deposit of only $10. This feature ensures that novice traders can start using the platform without having to dedicate a significant amount of funds upon starting out. A low minimum deposit also helps in the sense that the potential losses can be minimized, as well as enabling anyone to test out the live platform without barriers to entry.
Overview
- Type of Broker Non-Advisory/Executionary Broker (ECN/STP)
- Regulation & Licensing None
- Clients Accepted from All countries except the US, Canada, Japan, Algeria, Cuba, Ecuador, Islamic Republic of Iran, Iraq, Myanmar and North Korea
- Assets Offered 55 Currencies, 35 Cryptos, 64 Stocks, 11 Indices, 4 Metals, 3 Energies
- Platforms Available MetaTrader 4, WebTrader
- Mobile Compatibility Android, iOS
- Payment Types Accepted Wire Transfer, Credit Card, Debit Card, Bitcoin
Account Types
Features |
CryptoRocket Standard Account |
Account Currencies |
USD, BTC |
Available Leverage |
500:1 |
Minimum Deposit |
$10 |
Starting Spreads |
0.01 pips |
Commission Per Trade |
Starts at $6 |
Decimal Pricing |
5 |
Trading Instruments |
55 Currencies 35 Cryptos 64 Stocks 11 Indices 4 Metals 3 Energies |
Min. Lot Size Per Trade |
0.01 |
Max Lot Size Per Trade |
1000 |
Demo Account |
Yes |
Swap/Rollover Free |
No |
Copy Trading Support |
Yes |
Compliance & Regulation
This broker is owned by CryptoRocket Limited, which is a registered company in St Vincent and the Grenadines. However, the broker is not regulated by any entity or authority. This does have an impact on its overall operations because users often prefer brokers that are governed and authorized under different jurisdictions.
Even though CryptoRocket is not a regulated broker, it pays a lot of attention to the security of your funds. The broker ensures segregated customer funds and uses cold storage for BTC accounts. Using this method, all funds are stored on an external storage device rather than being on the company’s servers. This adds another level of security for those depositing and withdrawing in Bitcoin.
This broker also makes use of techniques such as user behaviour analysis in order to protect funds. The platform is able to track the login and transfer patterns that are exhibited by its customers. In case of any suspicious activity, the company flags and highlights it immediately to the respective users. Finally, the broker also makes use of two-factor authentication in order to safeguard client funds.
Pricing
CryptoRocket offers some good features in terms of the pricing and fees charged. Firstly, the spreads offered by the broker are excellent, as they start at just 0.01 pips. Secondly, the broker allows its customers to view real-time pricing information so that they can make quick decisions and place trades with their desired spreads. Thirdly, this broker does not charge any fees when it comes to withdrawing your funds.
However, CryptoRocket does charge significant commissions when it comes to trading. The commissions per trade start at $6, which is a fairly high threshold compared to the other players in the market.
Overall, the pricing and fee schedule offered by the broker is fairly good. Customers can deposit funds in either USD or BTC. The minimum withdrawal amount has also been set at $10, which is fairly low. Although the spreads offered by the broker can vary for different assets, these are among the lowest in the industry, ensuring that traders can maximize their profits.
Reliability & Security
CryptoRocket offers a MetaTrader 4 trading platform to its users. This platform is compatible with web browsers, desktop, and mobile. This broker makes use of a Straight Through Processing (STP) model that is highly efficient. The broker does not make use of any dealing desk and processes your transactions directly. The reliability and processing speed of the broker is among the best in the industry.
Overall, the trading platform is highly reliable, and we did not find any issues with it. All user trades are processed using an aggregator. This ensures that users get the best possible rates and minimizes the possibility of any conflict. Cryptorocket’s trading platform is also highly intuitive and allows traders to track the latest prices and updates in an instant. Although the broker does not offer support for MetaTrader 5, its MetaTrader 4 platform is up to the mark.
CryptoRocket has also won several awards in recent years. These awards highlight the fact that the broker is well-recognized in the market. The key awards won by the broker are as follows:
- Best Crypto Currencies Broker 2020 (FXDailyinfo.com)
- Best Crypto Broker of the year 2020 (AtoZ)
User Experience
The overall user experience with this broker is excellent. The website is clear and comprehensive, and it provides detailed guides related to the various aspects of trading as well as technical user guides. The rich and informative FAQ section covers many common topics and is rather helpful.
This broker also ensures that withdrawals are processed as quickly as possible. Credit/debit card withdrawals are typically processed within a few hours, although wire transfers tend to take longer.
CryptoRocket provides 24/7 support across a wide range of media, including a live chat feature on their website. You can also contact their customer support team via phone and email. The customer service team has been trained to answer a range of questions, including technical ones.
Overall, CryptoRocket takes customer support very seriously and provides the best possible experience to its users.
Final Thoughts
Overall, CryptoRocket is a good broker for crypto enthusiasts. The feature of Bitcoin deposit and withdrawal is attractive, as well as the fast withdrawal times. The low minimum deposit and withdrawal requirements allow free movement of funds, especially when there are no fees to do so. is
This broker offers a wide range of cryptocurrencies and other assets to its users as well as robust customer support which operates 24/7.
Alongside these positive features, it is important to note that this broker is unregulated. In addition, it does not accept clients from countries such as the US and Canada. Furthermore, client funds are not insured, meaning that they could be at risk in case of an unexpected hacker attack or other threat. Despite these weaknesses, CryptoRocket is well-respected in the industry, and has already won a few awards since being founded. This indicates that it continues to gain popularity and is building its customer base steadily through a great offering and truly helpful support.
Trading Platform Screenshots
Contact Info
FAQs
Q: Can I register for a demo account?
A: Yes, CryptoRocket allows its users to trade using a demo account. The demo account can be used to assess the capabilities of the platform by making use of virtual currency. This feature ensures that potential users can become familiar with all aspects of trading via the platform. Users can trade using virtual currency of up to $50,000, which is at par with the other players in the market.
Q: Are US citizens permitted to register for CryptoRocket?
A: At present, US citizens are not permitted to register for the platform. However, it does allow users from most other countries around the world, with the exception of Canada, Japan, Algeria, Cuba, Ecuador, Islamic Republic of Iran, Iraq, Myanmar and North Korea.
Q: What are the different account types offered by CryptoRocket?
A: At present, CryptoRocket offers only one account type, the Standard Account. This account includes a wide range of features such as high leverage, low commissions, as well as copy trading support. It does not offer Islamic accounts at present.
Q: Does CryptoRocket offer mobile trading?
A: CryptoRocket offers full support for mobile trading. Its MetaTrader 4 based-platform can be accessed via a browser or specialized mobile apps. The broker’s apps are available for both Android and iOS platforms, ensuring that you can use them on almost all mobile devices.
Q: Will my funds be secure with CryptoRocket?
A: CryptoRocket ensures the safety and security of client funds. All user funds are kept in segregated accounts that cannot be accessed by anyone else. It also makes use of tools such as cold storage for Bitcoin, and behaviour analysis in order to keep an eye on unusual account activity.