Pros and Cons
CryptoRocket is an online broker that provides traders with conducive trading conditions to trade a wide range of instruments from forex to cryptos, indices to commodities, and stocks. The company provides tight spreads, flexible leverage, and excellent customer support. CryptoRocket has joined hands with top and reliable liquidity providers such as global investment banks and other transparent liquidity execution providers. This allows traders to have access to excellent rates along with tight spreads. The broker uses the Straight Through Processing (STP) execution model, which protects traders from dealing desk intervention or re-quotes. This model removes any conflicts of interest between a broker and a trader. An aggregator will process all the trades, which ensures fair prices on each trade.
CryptoRocket accepts clients from all across the globe except countries with very strict rules and regulations. As a result, some of the features provided by the broker might not be available to traders of specific countries due to legal restrictions.
MetaTrader 4 (MT4) Platform
CryptoRocket offers its clients a free, fast, and reliable trading platform to allow them to trade anywhere on any device. MetaTrader 4 or MT4 is available on all major platforms (Windows, Mac, Android, and iOS). There is even a web version available of the platform to accommodate those clients who prefer to trade using web browsers. Clients just need to log into the Web Trader platform using CryptoRocket trading account details and trade. The trading platform is suitable for all traders irrespective of their level of experience and expertise. The trading platform features a myriad of charts, tools, and several other features.
CryptoRocket offers a single-core account type that uses MetaTrader 4 trading platform. There isn’t any minimum deposit amount to start trading and no limitations on trading strategies, so traders can begin trading with a minimum lot size of just 0.01. CryptoRocket charges commissions for carrying out trades, which is around $6 per lot.
Traders can also access a demo account option on CryptoRocket to hone their trading skills or to devise new trading strategies. The demo account features the same pricing as that in the live account. Traders can create as many demo and live accounts as possible for each available currency option.
There are numerous ways to deposit funds in CryptoRocket trading accounts such as wire transfer, credit/debit card, Bitcoin, and Instacoins. CryptoRocket provides fast processing of the funds to allow traders to use their money for trading. Even the withdrawal process is quick, as the funds withdrawn via Bitcoin are quickly approved and appear into the account in an hour or less depending on the blockchain traffic.
- Time to fund – Deposits depend upon the speed of Blockchain via Bitcoin, while it will be instant via Instacoins.
- Minimum Deposit – 0 BTC
- Maximum Deposit – No Limit
- Fees – None
- Withdrawal Time – Same Day
- Minimum Withdrawal – 0.001 BTC
- Maximum Withdrawal – No Limit
- Fees – None
Traders can easily open an account with CryptoRocket and begin trading their favorite forex CFDs, cryptocurrencies, stocks, and more. Trading will be carried out anonymously, thanks to the use of the MT4 trading platform. Traders can also sign up using their Google or Facebook accounts, which is a much simpler and quicker process. Once they fulfill all the sign-up related requirements, they will receive login details, which they can fill out to begin trading.
CryptoRocket is a good option for those who are looking to trade a variety of instruments with a single broker or traders who like trading on MetaTrader 4 platform.