Cryptorocket Review

CryptoRocket is an online trading platform that caters to those interested in leveraged crypto and forex trading, allowing retail traders worldwide to access institutional liquidity from top global investment banks. Offering a safe, straightforward, and rapid trading environment, they provide clients with excellent trading conditions, such as competitive rates, narrow spreads, and dependable execution speeds. You can easily trade using CryptoRocket on the intuitive MT4 trading platforms available for web, desktop, and mobile devices through the MT4 app. With a minimal deposit requirement of just $10, signing up and getting started takes only a few minutes. They even offer free demo accounts for those who wish to practice online trading.

CryptoRocket employs a straight-through processing (STP) execution model, ensuring all trades are processed through an aggregator to provide the best possible rates. In addition to foreign currency pairs and cryptocurrencies, they offer CFDs on stocks, indices, and commodities. The choice of STP trade execution reflects CryptoRocket’s commitment to delivering optimal trading conditions for all clients, accommodating various trading styles. Whether you’re a long-term swing trader, a scalper, or using expert advisors (EAs), all trading strategies and trader profiles will feel at home in the CryptoRocket STP trading environment.

Users of CryptoRocket can trade a variety of assets, including cryptocurrencies, commodities, stocks, and forex, with institutional-grade liquidity sourced from global institutions and transparent liquidity execution providers. Traders on the CryptoRocket platform benefit from competitive rates and the ability to trade on ultra-tight spreads without dealing desks, ensuring that your trades are executed at lightning speed. Scalping, automated trading with bots, and hedging strategies are all allowed at CryptoRocket.

CryptoRocket provides an extensive selection of cryptocurrencies, forex, commodities, and stocks for trading, with forex assets and commodities featuring a leverage of 1:500. The maximum leverage for cryptocurrencies is 1:100, while energies like oil and gas and indices have a leverage of 1:200, and stocks come with a leverage of 1:20.

As a CFD Trading Broker, CryptoRocket deals in CFDs—complex financial derivatives based on underlying markets. CFDs allow traders to speculate on both rising and falling markets across a wide range of financial instruments, including forex, stocks, indices, and commodities. A CFD, or ‘contract for difference,’ essentially means entering into an agreement with the broker to exchange the difference in asset price between the opening and closing points of the contract. This allows traders to profit or incur losses without owning the underlying asset, depending on the accuracy of their price movement predictions. Each point the price moves favorably increases profits by multiples of the CFD units traded, while losses occur for every point the price moves against them.

CFD trading grants traders the opportunity to open positions with high leverage, enabling exposure to financial markets without needing to invest the full amount upfront. For instance, with a leverage of 1:500 and a $1,000 account, theoretically, a trader could take a position size of $500,000 ($1,000 x 500 = $500,000). However, one must remember that CFDs are margined products, meaning both profits and losses can be magnified compared to the initial investment, with potential losses exceeding deposits. As with any financial instrument, there’s always a risk of losses, so it’s crucial to trade CFDs carefully and never invest more than you can afford to lose.

CryptoRocket offers clients the reliable MetaTrader 4 platform, accessible through desktop applications for Mac and Windows, a web trading terminal, and mobile apps for iOS and Android devices. The web trading platform operates directly on modern browsers like Chrome, Safari, Edge, and Firefox without needing to download any software, while the mobile apps can be conveniently downloaded from relevant app stores, enabling traders to manage their accounts anywhere in the world.

The MT4 platform, recognized as the most popular trading platform globally, is tailored to meet the needs of millions of CFD and forex traders. MT4 allows users to customize their interface according to their trading strategies, enhancing their overall trading experience, supported by competitive trading conditions. Developed by MetaQuotes Software and released in 2005, MT4 is widely used by retail forex traders and is licensed to brokers like CryptoRocket.

The MT4 platform features a professional yet user-friendly and intuitive interface suitable for traders at all skill levels. Advanced charting tools are available to help traders analyze market trends, allowing them to optimize the platform according to their strategies. Additionally, MT4 comes equipped with over 50 built-in research and analysis tools, including expert advisors and indicators.

The platform supports cross-device trading, giving traders access on the go, and automated trading capabilities enable the testing and application of Expert Advisors and technical indicators, streamlining trading activities. MQL, a fast and efficient programming language, allows traders to create trading robots, technical indicators, scripts, and function libraries for platform use.

For those constantly on the move, the CryptoRocket app allows trading from virtually anywhere using smartphones or internet-connected tablets, eliminating the need for a PC.

The Web Trader option enables traders to trade online without downloading the MetaTrader platform. Simply log in with your CryptoRocket account credentials, and you’re ready to start trading!

The MT4 platform is equipped with numerous built-in trading tools for in-depth market analysis, covering price action, fundamental, and technical analyses. Traders can also find thousands of free and paid tools from the MQL marketplace and other online sources, catering to various trading styles.

On the CryptoRocket website, you’ll discover a wealth of guides designed for your convenience. These step-by-step resources make it easy to get started, covering everything from downloading and installing trading platforms to making deposits and withdrawing funds.

In conclusion, CryptoRocket stands out as a robust online trading provider, offering a rich array of cryptocurrencies like Bitcoin, Litecoin, Ethereum, and more. With the user-friendly MT4 platform, traders can engage in leveraged trading of up to 1:500 with a true STP/ECN CFD broker. They provide competitive trading conditions, welcome all types of traders, and offer 24/7 customer support alongside a diverse range of assets with flexible account funding options. Those interested in cryptocurrency trading and funding their accounts with crypto will find CryptoRocket appealing.

Rating Overview:

• Markets: 7.0/10
• Platforms: 7.0/10
• Tools: 7.0/10
• Education: 7.0/10

Pros:

• User-friendly trading platforms and apps
• Good selection of cryptocurrencies
• Competitive trading conditions
• Free demo trading accounts
• Quick deposits and withdrawals
• 24/7 customer support

Cons:

• Cannot accept USA traders
• Not regulated
• No swap-free accounts
• Limited account types

As a self-proclaimed Forex enthusiast, I dedicate my days to researching and testing all things related to forex. With years of experience in the forex industry, I have evaluated countless forex robots, brokers, strategies, courses, and more. I share my knowledge freely to help you navigate the exciting world of forex trading! Read more about me.