Crypto Rocket is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency.
Crypto Rocket accepts clients from all over the world, excluding some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|55+ Currency Pairs||Based on major and minor world currencies.|
|30 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple, Eidoo, OmiseGO, Santiment, Monero, Zcash, EOS, ETP, IOTA, NEO, TRX.|
|12 Indice CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|6 Metal CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|60+ Stock CFDs||Based on shares of US, UK and EU companies.|
Crypto Rocket is a bitcoin-based forex & CFD brokerage company based out of Saint Vincent and the Grenadines in the Caribbean. As so often in this part of the world, the broker is not regulated by any government agency, nor is it overseen by any third-party organizations like some other unregulated forex brokers are.
Although trading with an unregulated broker does come with some risk, there can also be some benefits to it. For example, the sign-up and account verification process is incredibly fast and easy with Crypto Rocket, and the broker is also happy to take deposits in bitcoin. In addition, the leverage offered by the broker is fairly high, with up to 1:500 in leverage on the most liquid assets.
In terms of assets available for trading, Crypto Rocket offers everything from popular forex pairs, stock indices, metals, energy commodities, and single stocks, in addition to cryptocurrencies. Most notably, perhaps, is the very large selection of cryptocurrencies that the broker has. This includes a large variety of both crypto-to-crypto pairs as well as crypto-to-fiat pairs.
Important to note, however, is that all the cryptocurrencies offered by Crypto Rocket are indeed contracts-for-difference (CFDs), and not “physical” cryptocurrencies like the ones that can be traded from crypto exchanges.
Regarding trading conditions, we appreciate that the broker has a page on its website with live spreads for all trading instruments, which makes it easy for traders to compare the spreads here with those of other brokers. In our view, the spreads are about mid-range relative to its competitors, and we would have loved to see even tighter spreads, particularly for clients who trade large volumes.
One of the main differences between Crypto Rocket and other CFD and forex brokers is that all trading accounts with Crypto Rocket are denominated in bitcoin (BTC) instead of in traditional fiat currencies like the US dollar (USD). This also means that the only funding method accepted by Crypto Rocket is bitcoin, which can either be sent directly to the broker’s bitcoin wallet or purchased via a third party solution called Instacoin.
Crypto Rocket is among the brokers that relies solely on the MetaTrader 4 (MT4) as its trading platform. As always, the platform can be used in either the classic downloadable version for Windows computers or in a web-based version that runs directly in the browser window.
In terms of customer service, Crypto Rocket is one of those few brokers that really do offer 24/7 customer support. The easiest way to get a hold of support is probably by using the live chat option on the website, where the broker usually responds promptly. Unfortunately, no phone number is provided on the broker’s website. This is in our way a major drawback, and something that should be added as soon as possible.
In conclusion, we believe Crypto Rocket is an interesting option for traders who are looking to trade cryptocurrency CFDs with leverage on a familiar platform like the MT4. However, it’s worth keeping in mind that the broker is entirely unregulated, and it is therefore important that you get to know the broker and let them earn your trust before you deposit very large amounts of money with it.
I'm now a fan of cryptorocket, have started with them at the beginning of July. They focus on fast live customer service at all hours, and I like that I can hold my balance in bitcoin and swap between it and USD to take advantage of BTC price fluctuation.