The Rock Trading Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Fastlane integrated service for fast purchase and conversion of cryptocurrencies, OTC trading
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Fastlane integrated service for fast purchase and conversion of cryptocurrencies, OTC trading
Our Evaluation of The Rock Trading
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
The Rock Trading is a high-risk cryptocurrency exchange with the TU Overall Score of 2.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by The Rock Trading clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. The Rock Trading ranks 135 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The Rock Trading exchange is a stable and proven platform with a user-friendly TradingView terminal. The exchange offers all possibilities for comfortable active trading in cryptocurrencies. Since only EUR and GBP are represented among fiat currencies, the website is clearly focused on Europe.
Brief Look at The Rock Trading
The Rock Trading exchange was founded in 2011 and is headquartered in Milan, Italy. The platform offers trading in cryptocurrency pairs (18 instruments: Bitcoin (₿), Ethereum (Ξ), Ripple, and others) and cryptocurrency-fiat pairs (12 instruments). The Fastlane integrated service allows you to buy and convert cryptocurrencies by direct payment from your bank account, card, or e-wallet. Commissions are lower than the market average, and you can get a discount of up to 90% for large trading volumes. All major withdrawal options are available. The Rock Trading exchange has a proprietary terminal with a standard TradingView interface that is presented by a browser-based version and a mobile app.
- you can trade in cryptocurrency and crypto-fiat pairs.
- low commissions and discounts, which depend on trade volume;
- simple and intuitive TradingView interface;
- both mobile application and browser terminal;
- deposit/withdrawal of funds using bank cards and e-wallets;
- no extra fees other than trading and withdrawal fees;
- prompt technical support service (international chat is available).
- direct communication with the administration of the site is only in chat and by email;
- only EUR and GBP pairs are represented among fiat currency; there are no USD pairs;
- no referral program or other additional options for earning.
TU Expert Advice
Financial expert and analyst at Traders Union
The Rock Trading exchange is among the oldest platforms in the market and has been operating for over 11 years. During that time, the company has proven to be a reliable partner and no allegations of fraud or default to traders have been recorded.
The main feature of the site is simplicity. But still, it is impossible to say that it is focused more on novice traders since there are no training materials, only a basic FAQs section on the capabilities of the platform. However, the TradingView terminal is great for learning the market. It's clear, handy, and fast. Also, there’s the availability of a mobile application for iOS and Android on this cryptocurrency exchange.
There is a complete lack of options for extra earnings here. There are no investment programs or referral programs, only bug bounties. Thus, The Rock Trading exchange is focused strictly on active trading. This is evidenced by the discount on commissions when trading volume increases. If you trade constantly and a lot, it is beneficial to cooperate with this cryptocurrency exchange.
Fastlane is an integrated service that allows you to buy and convert cryptocurrency directly. For example, you can buy BTC using euros and pay with your bank card via SEPA. All transactions are executed promptly.
The Rock Trading Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | EUR, GBP, as well as BTC and other cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank accounts and cards, electronic wallets via SEPA and Skrill |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiats |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Fastlane integrated service for fast purchase and conversion of cryptocurrencies, OTC trading |
| 🎁 Contests and bonuses: | Bug bounty, invitation codes with potential future benefits, and bonuses from the Traders Union |
Due to its high liquidity, The Rock Trading cryptocurrency exchange offers its traders quite low commissions. In general, the performance of the site is the market average and can be assessed by the summary table below.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $1 | Yes |
It is necessary to compare the indicator with similar indicators of other cryptocurrency exchanges to understand how favorable or unfavorable commissions are at The Rock Trading exchange. A table for your convenience is below.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Options
The Rock Trading exchange doesn’t have any investment solutions as such. However, a discount system for commissions can be considered an investment option because the more a trader invests in trading, the more profitably he trades. This is a universal mechanism that is implemented at many cryptocurrency exchanges to stimulate trader activity.
The maker/taker matrix is the key to the exchange's investment policy
Traders who trade on cryptocurrency exchanges are divided into two categories. Makers set pending (limit) orders and takers set market orders. Some exchanges differentiate commissions for makers and takers. The Rock Trading exchange has commissions common to all. There are four levels of discount depending on trading volume, which are 10%, 25%, 50%, and 90%. These are the requirements for commission discounts:
From €150 (from ₿0.02000000) is 10%;
From €350 (from ₿0.05000000) is 25%;
From €1,000 (from ₿0.120000) is 50%;
From €5,000 (from ₿0.75000000) is 90%.
Note that it is not the trader's total trading volume for all time that counts, but the trading volume for the last 30 days. It doesn't matter what assets he traded since the trading volume is converted to EUR or BTC automatically for evaluation. Unfortunately, The Rock Trading exchange doesn’t provide any other opportunities to make money on cryptocurrencies, besides profits from active trading.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
The Rock Trading’s affiliate program:
Previously, the exchange used invitation codes, which allowed you to register without a starting fee. Now the starting fee is canceled, but the invitation codes remain. It doesn’t give any advantage, but the newsfeed of the cryptocurrency exchange indicates that it is developing a system of incentives for registration with the use of invitation codes. The codes can be found in your user account.
User Satisfaction