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MT4

The screenshot of the MetaTrader 4 (MT4) platform features a dynamic user interface, equipped with multiple essential components for trading. The "Market Watch" window displays a list of the most traded currency pairs, showcasing market liquidity with real-time bid and ask prices. Concurrently, the EUR/USD candlestick chart offers a crisp visualization of market fluctuations over a one-hour period, accentuating bullish trends with green candles.

PROS

This platform offers a simple and straightforward registration process, allowing users to quickly create an account and start trading without unnecessary complications.

Simple Registration Process

This platform supports funding with cryptocurrencies, allowing users to deposit and withdraw funds using various cryptocurrencies as a payment method.

Crypto Funding

CONS

This trading platform charges high trading fees, which can significantly eat into traders' profits. With high transaction costs, including commissions, spreads, or other fees, traders may need to achieve higher returns just to offset the expenses, making it more challenging to generate substantial profits from their trading activities.

High Trading Fees

This platform is not regulated by any credible government agency, which means it may not operate in compliance with industry standards and regulations. The lack of regulation poses potential risks and uncertainties for traders, as there are no specific rules and guidelines in place to protect their interests.

Unregulated

This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.

Poor Customer Support

PROS & CONS

APPS

METATRADER 4

Widely-used platform for forex trading. Known for its Expert Advisors (EAs) and customizability.

METATRADER 5

Successor to MT4 with more timeframes and order types. Supports more markets beyond forex.

ACCOUNT OPENING

How to Open a Trading Account with Crypto Rocket


Opening a trading account is a process that involves several key steps to ensure both your trading needs and the broker's regulatory requirements are met. Below, we describe the process in detailed steps:


  1. Visit the Broker's Website: Access the official website (found in the index of this review). Look for the option to open a new trading account, which is usually clearly indicated on the main page.

  2. Complete the Registration Form: Provide your personal details, such as name, address, email, and phone number. Depending on the broker's need to know you better as a client, additional information about your trading experience, employment, and financial situation may be requested.
    Identity Verification: Upload documents to verify your identity and residence. This generally includes a photo ID (passport or identification document) and a proof of address (utility bill or bank statement).

  3. Set Up Your Trading Account: Configure aspects of your account, such as currency type, leverage, and, in some cases, trading preferences.

  4. Deposit Funds: Make an initial deposit using one of the payment methods accepted by the broker (We detail the alternatives later).

  5. Access the Trading Platform: Download and install the trading platform. Log in with your account details.
    Practice with a Demo Account (Optional): Practicing trading with virtual funds before risking real money means you won't be surprised when using real money.
    Start Trading: Once your account is set up and funded, you can start trading.



How to Deposit


Once you have decided how much to deposit and which method to use, making the deposit is simple and quick. Just follow these steps:


  1. Log in to your newly created account.

  2. Click on "Deposit Funds".

  3. Enter the amount and select the currency.

  4. Finally, select your chosen deposit method. Don't worry, it's a  secure and private process. Transactions are communicated using Secure Socket Layer (SSL) technology.


Below we show you the available alternatives.

Bank Transfer
Credit Card
Cryptocurrencies
Wise

Deposit & Withdrawal Methods

Year

2018

HeadQuarters

Service

CRYPTO

BASIC INFO

CryptoRocket, an online ECN/STP broker founded in 2018, specializes in cryptocurrency trading and offers a diverse range of assets on a secure platform. Utilizing the MetaTrader4 trading platform, CryptoRocket provides an extensive array of instruments, with a particular emphasis on cryptocurrencies. They offer a significant number of Forex pairs, commodities, indices, and stocks, in addition to a large list of crypto pairs​.

REGULATION

ASSETS & SERVICES

CryptoRocket provides an extensive array of instruments, with a particular emphasis on cryptocurrencies. They offer a significant number of Forex pairs, commodities, indices, and stocks, in addition to a large list of crypto pairs.


CryptoRocket offers high leverage for its assets, including 1:100 for cryptocurrencies, 1:500 for Forex and metals, 1:100 for energy, 1:200 for indices, and 1:20 for stocks. This high leverage allows for potentially larger profits, albeit with associated risks​​. Security features include segregated client funds, cold storage for Bitcoin accounts, built-in features for tracking user activity, and two-factor authentication for all clients, ensuring a high level of security for funds and accounts.

CRYPTO ROCKET: LAUNCHING INTO CRYPTOCURRENCY TRADING

Have you come across this financial app and wonder what it is all about? In this review, we will walk you through the key points to consider when evaluating its features and benefits.

4.12.23

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