CryptoRocket Review

CryptoRocket
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Overview

CryptoRocket Review, User Experiences, Company Data and more 2020 Today we are going to review the recently insanely popular cryptocurrency broker: CryptoRocket. This broker is rather new and operates in… more

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Details

Broker CryptoRocket
Website URL https://www.cryptorocket.com
Founded 2005
Headquarters First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines
Support Number Not given
Support Types Email Ticket System, Live chat, Call back request
Languages English
Trading Platform WebTrader, Mobile apps, MetaTrader 4
Minimum 1st Deposit $10
Minimum Account Size $1
Minimum Trade Amount none
Maximum Trade Amount none
Bonus no active bonus
Payout within 3 hours depending on the blockchain
Leverage 1:1 up to 1:500
Spread Low variable spreads from 0.5 pips on USD/JPY
Free Demo Account Open Demo
Account Types Live account
Deposit Methods wire transfer, credit / debit card, trough Coinbase, Bitcoin
Withdrawal Methods wire transfer, credit / debit card, trough Coinbase, Bitcoin
Trading Methods Hedging, scalping, robots, EAs, scripts
Number of Assets 100+
Types of Assets forex pairs, crypto pairs, stocks, indices
Trading Currency Over 55 forex pairs and 34 crypto pairs
Account Currency USD, EUR, all kinds of cryptocurrencies
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.8

Full Review

CryptoRocket Review, User Experiences, Company Data and more 2020

cryptorocket-review

Today we are going to review the recently insanely popular cryptocurrency broker: CryptoRocket. This broker is rather new and operates in an unregulated space so consider this CryptoRocket review 2020 a must-read before you open an account with them and start trading.

So let’s start off with what exactly CryptoRocket is. CryptoRocket is a platform that traders can use to trade cryptocurrencies, commodities, stocks and forex with institutional grade liquidity from global institutions,  as well as from fully transparent liquidity execution providers. So, no more multiple broker accounts, just trade everything under one roof.

At CryptoRocket traders have access to excellent rates, along with the ability to trade on ultra-tight spreads. There are no dealing desks involved so your trades are passed straight trough at lightning speed to liquidity providers. Scalping, bots and hedging is all allowed at CryptoRocket as well.

So what exactly are the benefits of STP or Straight Trough Processing?

CryptoRocket uses Straight Trough Processing (STP) execution. This means when you place a trade or open a position on CryptoRocket you will not have to worry over any dealing desk manipulation or re-quotes. CryptoRocket earns money on trade volume, so it is in the brand’s interest for your trading to be successful and long term.

This is not the case with most other brokers that apply a dealing desk business model and make money when you lose by taking the other side of your trades. STP execution removes any potential conflict of interest between broker and client and is lightning fast, to ensure that you get the very best rates directly from top-tier liquidity establishments.

CryptoRocket Trading Platforms

CryptoRocket offers MetaTrader 4 trading both as webtrader and as downloadble desktop application. It is also possible to trade on your smartphone or tablet with CryptoRocket’s downloadable trading app. All CryptoRocket’s trading platforms are available on Windows, Mac, Android and iPhone devices.

cryptorocket-trading-platforms

How safe is my money with CryptoRocket?

CryptoRocket takes several safety measurements when it comes ot safe guarding your funds. One of those methods is Bitcoin Cold Storage. This means that your funds are not present on their web server or any other computer, but instead on an external storage device, completely safe from hackers.

The only amount kept on their server is the anticipated amount needed to quickly process traders withdrawal requests. Everything else is locked up in their safekeeping, away from the eyes and hands of thieves.

All funds are fully hedged on the largest global exchanges are never impacted by Bitcoin rate fluctuations.

Apart from that CryptoRocket assures Tier-One processing. This means that it’s CryptoRockets commitment to have fast and easy deposit and withdrawal procedures and centered around their relationships with the best payment processors.

They have solid business connections with some of the top banks in the world and are continually working to fine-tune their payment processes. Rest assured that they do their very best to ensure your deposits and withdrawals are secure and hassle-free.

Human Intelligent Withdrawal Exuction

Withdrawals at CryptoRocket are super fast to say the least. Their payment team works 24/7 and they always have enough staff at hand to ensure all withdrawals are processed to your chosen wallet within 3 hours (subject to the speed of the blockchain). Part of the role of the payment team is to ensure that withdrawals are going to your actual wallet and not to a stranger if your account has been compromised.

CryptoRocket’s team checks IP records, user analysis patterns and flags, in case of doubt, like if you didn’t enable 2FA, they’ll email you just to confirm that the withdrawal is legitimate before processing. This mitigates a common issue users experience where compromised accounts are emptied by malicious actors.

cryptorocket-review

2FA Capable Accounts and User Behavior Analysis Security

CryptoRocket uses user behavior analysis to programmatically analyze the habits of users login and transfer patterns. This enables them to flag and analyze patterns of behavior that may be out of the ordinary like logins that are from different parts of the world or time zone changes in order to help mitigate and query unauthorized attempts at withdrawals or transfers.

CryptoRocket gives users the capability to utilize two-factor authentication (such like Authy) to add an extra layer of security to their accounts on top of this analysis. 2FA is used to authorize all withdrawals and users who request a withdrawal without 2FA enabled will get an email also to ensure that the withdrawal request is legitimate.

CryptoRocket Review – Customer Support Service

One of the most annoying things with most cryptocurrency brokers is their lack of support when something goes wrong or when you need them the most. Luckily this is not the case with CryptoRocket.

They have 24/7 live chat, email support and even support by real humans by the phone (is that still even possible nowadays?). You can simply request a call back on their support page in the case you need assistance with something.

CryptoRocket Assets and Financial Instruments

Traders and investors can invest in or trade 34 crypto pairs, 55 currency pairs, 64 stocks and 11 all at a leverage of 1:1 up to 1:500 with CryptoRocket. Which is quite a big product offering for a crypto forex broker.

cryptorocket-assets

CryptoRocket Alternatives

If we look at the type of broker that CryptoRocket really is, which is forex and crypto, with a low minimum deposit of just $10 to start with, we can really compare it the most with SimpleFX.

SimpleFX is very similar, also specializing as forex and crypto broker and just a $1 minimum deposit required. Somehow, also IQ Option comes in mind. They also have $1 as minimum deposit and offer options and forex trading on crypto as well as forex and a few stocks and indices.

CryptoRocket Review Conclusion

Based on our tests of this broker, CryptoRocket is super reliable and a safe way to trade forex, crypto and stocks, all on the same platform. Although the broker has a huge foothold in the UK and Australia, unfortunately US traders cannot open an account at CryptoRocket.

For US residents looking to invest into Bitcoin or other cryptocurrencies, as for non-US traders we highly suggest taking a look at Kraken or Binance. We highly recommend opening an account at CryptoRocket as it’s free and done within 2 minutes tops. You can always try CryptoRocket out with a free unlimited demo account as well.

Lets recap the reasons to sign up for a CryptoRocket account:

cryptorocket-open-account

Screenshots

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Pros

  • 24/7 Real human support
  • Same day withdrawals
  • Crypto, forex & stocks on one platform
  • Just $10 minimum deposit

Cons

  • No US clients allowed

Reviews

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Platform

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Reliability

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Payouts

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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