CryptoRocket Review 2024
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CryptoRocket Review 2024

Updated:
Updated: February 08, 2024
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2.89

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
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Summary of CryptoRocket Trading Company

CryptoRocket is a high-risk broker with the TU Overall Score of 2.89 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CryptoRocket 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. CryptoRocket ranks 329 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

CryptoRocket promotes itself as a broker for trading mostly cryptocurrencies, while other assets are viewed as mere extras. However, there is not enough information on the broker’s website to draw specific conclusions.

CryptoRocket is a broker of choice for numerous traders to execute trades in cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and many other products. The company sees its core goal in providing an understandable yet effective trading practice for each and every customer. Moreover, CryptoRocket customers are happy to take advantage of ultra-fast order execution, ultimately low spreads, and one of the best pricing in the field.

💰 Account currency: USD, BTC
🚀 Minimum deposit: No minimal deposit
⚖️ Leverage: 1:500
💱 Spread: from 0,1 p
🔧 Instruments: Cryptocurrencies, Forex, Commodities, Stock.
💹 Margin Call / Stop Out: Stop Out - 30%

👍 Advantages of trading with CryptoRocket:

  • No limitations on strategies. Scalping with any length of a pending order and position holding time, algorithmic trading and hedging are allowed.
  • No deposit or withdrawal fee. Quick withdrawal within 2-3 hours.

👎 Disadvantages of CryptoRocket:

  • limited number of payment methods: ВТС, Visa, Wire Transfer.
  • Offshore registration (St. Vincent and the Grenadines).

Evaluation of the most influential parameters of CryptoRocket

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.42

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

1.12

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

5.71

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

4.67

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.63

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.24

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.01

/10

Trade with this broker, if:

  • You prefer a diverse selection of cryptocurrencies. CryptoRocket offers over 30 cryptocurrency pairs for trading, covering major and some less common coins, providing a comprehensive range for cryptocurrency enthusiasts.
  • You value user-friendly platforms. CryptoRocket offers the popular MetaTrader 4 platform and their own web trader, both known for their ease of use. This can be beneficial for traders who prioritize platforms that are intuitive and easy to navigate.

Do not trade with this broker, if:

  • You require a variety of payment methods. CryptoRocket has a limited number of payment methods, including BTC, Visa, and Wire Transfer.
  • You prioritize strong regulation. CryptoRocket is not regulated by any major financial regulators, raising concerns about potential oversight and protection.

Geographic Distribution of CryptoRocket Traders

Popularity in

86.5%
US
United States
10.3%
IN
India
5.6%
ID
Indonesia
3.2%
ZA
South Africa
3.2%
DK
Denmark
2.66%
AU
Australia
2.23%
SE
Sweden
2.2%
AT
Austria
2.1%
PH
Philippines
2.01%
Others
Others

User Satisfaction i

45 comments
Total score:
3.2 /10

Share your experience

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dissamadu
1 week ago

CryptoRocket has several problems. There are plenty of trading tools here, but there is not as much variety as with other exchanges. The mobile application sometimes malfunctions. But security at CryptoRocket is fine. I also withdrew and transferred cryptos without any problems.

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Keruak
5 weeks ago

I can't agree that CryptoRocket is a fraudulent entity. Yes, they have their drawbacks. However, I have withdrawn profits from my CryptoRocket account, and the funds were transferred to my blockchain wallet. The platform at this broker works like at other companies, not better, but not worse either. Overall, it's an average broker, but worth considering.

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16arvydas
8 weeks ago

The broker CryptoRocket is a fake broker. The company is registered in Saint Vincent and the Grenadines, with no European broker license. This immediately disqualifies the company from consideration for collaboration. However, I still decided to test CryptoRocket on a demo account. After two months of testing, I realized that it's not worth dealing with this company.

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iisuru
11 weeks ago

I strongly advise against trying to collaborate with CryptoRocket. I want to make it clear right away that it's not a cryptocurrency broker. It's more like a gaming center where playing on a virtual terminal is presented as real financial trading. The quotes in the CryptoRocket terminal do not match the market, there is a significant difference. Moreover, withdrawing funds is very problematic. It's been three weeks, and I still haven't received my money, even though the regulations state a maximum period of 7 days.

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J4M1
14 weeks ago

I’m closing my account with CryptoRocket and will try to withdraw the remaining crypto. Although there is practically nothing to withdraw. It used to be a normal crypto exchange, but now it’s some kind of nonsense. They do what they want. Trades hang and do not open for a long time. And they charge a fee for such trading. Then suddenly the trade opens and immediately closes with a minus. And there aren't even any reasons. Almost the entire balance was lost due to such manipulations. CryptoRocket completely deteriorated.

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kuncoro
14 weeks ago

Many claim that CryptoRocket clients can expect low spreads, no slippage, and low leverage. I can't say that my spread is low — sometimes it reaches 10 points on certain trades, and it's not regulated in any way. Slippages on the CryptoRocket terminal are far from uncommon. Relying on luck, playing roulette, is not a strategy for serious earnings. Therefore, it's not worth the risk of trading with this company.

Responses to a comment
susash to kuncoro
11 weeks ago

You rightly observed that trading with CryptoRocket is like roulette. However, this roulette is rigged by the house. I believe the company deliberately creates conditions for traders to lose their money here. The lost funds become earnings for the owners of CryptoRocket.

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ikhlaq
16 weeks ago

CryptoRocket does not have any regulatory license. And that is why clients are blatantly deceived here. I log into my account after a month of break, and there is minus $300. For some reason, they withheld at least $50 for inactivity, and canceled two profitable trades in almost two months after their closing. I asked CryptoRocket’s technical support what was going on, and they answered me very rudely.

Dynamics of CryptoRocket’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of CryptoRocket

The broker does not offer investment programs. Alternatively, you can use the social trading service built into MT4/MT5 trading platforms. Once you open an account with CryptoRocket, register on the MQL5 website, and connect your account once you pay the subscription to follow any trader of the community.

Important!

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.

CryptoRocket Partnership program

The broker offers only one standard partnership program. You bring referrals who open an account using your referral link and the broker pays you a reward of USD 5 per each full traded lot of the referral.

Trading Conditions for CryptoRocket Users

💻 Trading platform: MT4, Webtrader, Mobile platforms
📊 Accounts: Real, Demo
💰 Account currency: USD, BTC
💵 Replenishment / Withdrawal: Bitcoin, Credit/Debit Card
🚀 Minimum deposit: No minimal deposit
⚖️ Leverage: 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: from 0,1 p
🔧 Instruments: Cryptocurrencies, Forex, Commodities, Stock.
💹 Margin Call / Stop Out: Stop Out - 30%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No
Your capital is at risk.

Comparison of CryptoRocket with other Brokers

CryptoRocket RoboForex Eightcap Exness Pepperstone FXGT.com
Trading
platform
MT4, WebTrader, Mobile platforms MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView MetaTrader4, MetaTrader5
Min deposit No $10 $100 $10 $1 $5
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:400
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 0 points From 1 point From 0 points From 0.5 points
Level of margin call
/ stop out
No  /  30% 60%  /  40% 80%  /  50% No  /  60% 90%  /  20% 50%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

CryptoRocket RoboForex Eightcap Exness Pepperstone FXGT.com
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No Yes No
Options No No No No No No

Contacts

Foundation date 2018
Registration address First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines
Official site
Contacts
Your capital is at risk.
Disclaimer:

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
CryptoRocket Review CryptoRocket Review

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FAQs

Do reviews by traders influence the CryptoRocket rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about CryptoRocket you need to go to the broker's profile.

How to leave a review about CryptoRocket on the Traders Union website?

To leave a review about CryptoRocket, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about CryptoRocket on a non-Traders Union client?

Anyone can leave feedback about CryptoRocket on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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