CryptoRocket Review

CryptoRocket is an online broker that offers leveraged crypto and forex trading, providing retail traders around the globe with a chance to trade on institutional liquidity from major global investment banks. They have a safe, simple and fast trading environment, with very good trading conditions for clients including access to excellent rates, tight spreads, and reliable execution speeds. You can trade with CryptoRocket via the user-friendly MT4 trading platforms for web, desktop and on your mobile devices with the MT4 app. The minimum deposit to get started is only $10 whereas it takes just a few minutes to sign-up and get started. They even have free demo trading accounts if you wish to practice trading online to begin with.

CryptoRocket uses a straight-through processing (STP) execution model, and all trades are processed via an aggregator to ensure the best rates possible. In addition to foreign currency pairs and cryptocurrencies, they also offer CFDs on stocks, indices, and commodities.

CryptoRocket wanted the best possible trading conditions for clients which is why they opted for STP trade execution. This allows the broker to seek out and offer the best possible execution available to all traders, regardless of your trading styles. It does not matter if you are a long-term swing trader, trading with a scalping strategy or using expert advisors (EAs). All types of trading strategies and trader profiles will find themselves immediately at home on the CryptoRocket STP trading environment.

CryptoRocket users can trade cryptocurrencies, commodities, stocks and forex with institutional grade liquidity from global institutions, as well as from fully transparent liquidity execution providers. Traders on the CryptoRocket platform have access to excellent rates, along with the ability to trade on ultra-tight spreads. There is no dealing desk so your trades are passed straight through at lightning speed to liquidity providers. Scalping, bots and hedging are welcome at CryptoRocket.

Markets

CryptoRocket offers many cryptocurrencies, forex, commodities and stock. Below is a list of those assets for you to trade from, note that forex assets and commodities have a leverage of 1:500. The cryptocurrency offering has a max leverage of 1:100, 1:200 for energies like oil and gas as well as indices, 1:20 for stocks.

• Major currency pairs
• FX Crosses
• FX Exotics
• Metals
• Futures
• Commodities
• Stocks

CFD Trading Broker

CryptoRocket is a CFD Trading Broker. CFDs are complex financial derivatives based on an underlying market. They enable you to speculate on both rising and falling markets across a vast range of financial instruments, including forex, stocks, indices and commodities.

CFD stands for ‘contract for difference’ – when you trade a CFD, in effect you enter into a contract with the broker whereby you agree to exchange the difference in the price of the asset between the points at which you open and close the contract. This means that you do not need to physically own the asset in question and you will make a profit or loss depending on if you correctly anticipated the price movement from when you open and closed the trade. So, for each point the price of your position moves in your favour, you make profit by the multiples of the number of CFD units you’ve bought or sold. On the flip side, you’ll make a loss for every point the price moves against you.

CFD trading allows you to open positions and trade with a high degree of leverage. This means you can gain exposure to financial markets without having to put up the full cost of the position at the outset. E.g. With 1:500 leverage and a $1,000 account, you could in theory take a position size of $500,000 ($1,000 x 500 = $500,000).

It’s important to remember that a CFD is a margined product. This implies that both profits and losses can be magnified compared to your initial outlay, with losses exceeding your deposit. This is because they’re based on the full value of the position.

It is also important to remember that, as with all financial instruments, there is always the possibility of losses as well as profits. That’s why it is vital to trade CFDs with caution, and to never invest more capital than you can afford to lose.

Platforms

CryptoRocket offers clients the MetaTrader 4 platform, which is a safe and reliable trading platform that is available as desktop applications for Mac and Windows systems, a web trading terminal, and mobile apps for iOS and Android devices. The web trading platforms runs directly on modern web browsers like Chrome, Safari, Edge, and Firefox without the need to download or install any additional software, whereas the mobile apps can be downloaded from any relevant app store and enable traders to access and manage their accounts on the go, from anywhere in the world.

MetaTrader 4

Start trading on the world’s most popular trading platform, used by millions of CFD and forex traders globally. MT4 allows users to customize the interface to their trading needs and strategies providing a more powerful trading experience, combined with our competitive trading conditions.

MetaTrader 4 or MT4 for short, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers such as CryptoRocket who provide the software to their clients.

MetaQuotes is one of the leading developers of software applications for brokerages, banks, and exchanges. The company has developed a series of popular software products, including MetaTrader 4 as a unique platform for trading online.

User-Friendly Platform

The MT4 Platform has a refined professional yet user-friendly and intuitive interface, suitable for traders of all levels.

Advanced Charting Tools

The platform’s advanced charting tools help traders analyze the technical aspects of the market, whilst allowing them to optimise the platform according to their trading strategy.

Exclusive Indicators & Tools

The MT4 Platform is equipped with 50+ built-in research & analysis tools including expert advisors and indicators.

Cross-Platform Trading

The MT4 platform allows traders to trade on a number of different devices, providing them with access on the go at any time of the day.

Automated Trading

Algorithmic trading allows traders to test and apply Expert Advisors and technical indicators, eliminating any obstacles in trading activity.

MQL

Fast, flexible and efficient programming language for developing trading strategies allowing traders to create trading robots, technical indicators, scripts and function libraries for use on the platform.

Mobile Trading

No time to sit in front of a computer and trade? No problem! Trade from virtually anywhere using your smart phone or internet-connected tablet. Trade where you wish, when you wish – no PC required.

Web Trader

Web Trader offers traders the chance to trade exclusively online, with no need to download and install the MetaTrader platform. Simply login to the Web Trader online platform using your CryptoRocket trading account details and you’re ready to trade!

Tools

You will find plenty of trading tools built-in the MT4 platform for conducting in depth market analysis. There are tools for price action analysis, fundamental analysis and technical analysis. You can even find thousands of free and paid tools to add to the platform from the MQL marketplace and various other online sources. Whatever your preferred trading style, there are tools for everyone.

Education

On the CryptoRocket website, you will find numerous guides that they have prepared for your convenience. These step-by-step guides make getting started quick and easy, covering various topics including those that explain how to download and install the trading platforms, make deposits, and withdraw funds.

Conclusion

CryptoRocket is a proven online trading provider, offering trading with a wide variety of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more. Traders can enjoy leveraged trading up to 1:500 via the user-friendly MT4 platform with a true STP/ECN CFD broker.

They offer very competitive trading conditions and welcome all types of traders, providing them with 24/7 customer support and a good range of assets to trade with flexible account funding options. CryptoRocket would certainly be of interest to those who trade cryptos and prefer to fund their accounts via cryptos.