Cryptorocket Review – All The Key Features and Warning Signs
This shady broker is registered first in St. Vincent and Grenadines. Overall, a country is known as the hub for scammers. For that reason, Financial Services Authority decided not to provide FX and CFD trading licenses. It would be hard to monitor all these suspicious companies.
However, companies have other ways to make themselves legit. Or at least to look legit. To find all the details read this Cryptorocket review carefully. But don’t miss the latest update about the Forex48 review. You never know what detail might save you money.
|Is This Company Safe?
|Have Warnings from:
|St. Vincent and Grenadines
|Cryptocurrencies, Forex, Commodities, Indices, Shares
|Free Demo Account:
|How to Withdraw from This Company?
|Considering missing regulations and numerous negative reviews you can expect withdrawal issues. But a refund with the assistance of our expert team is always a solution!
Legal info: Is Cryptorocket legit or a scam?
The first step to defining a broker as legit is to check their licensing. Every trading company must have a license. In this case, we are checking the most trusted regulatory databases, such as FCA, BaFin and ASIC.
However, Cryptorocket.com is not listed in any of those registers, which is quite a disappointment. Primarily because the company can’t provide any protection to its traders. Neither segregated bank accounts, negative balance protection nor compensation funds. For that reason, you should stick with regulated ones.
Who are Cryptorocket clients?
With a very low Cryptorocket minimum deposit, they manage to convince traders easily. Moreover, some traders reported that the company is luring newbies on social media. In many cases, if the broker is chasing you instead otherwise, you know there’s something wrong. Traders that this broker mostly scams are coming from:
- United States
- United Kingdom
Yet, they operate without any authorization in these countries. Wherever you are coming from you deserve your money back! If you need advice for the chargeback, feel free to contact us.
One of many Cryptorocket alerts is their reviews. Only on Trustpilot, there are 56 comments with almost 50% of negative ones. Many of those contain complaints about withdrawal issues. But most importantly non-existent withdrawal fees.
A similar situation can be seen in our OrbiTrade Review. If you went through the same with this or any other broker, it’s time to get your funds back. Contact us for more advices.
Leverage, Commissions, Spreads, Fees and Taxes
One of the first things you notice about this broker is their leverage. While in Europe you can get a maximum of 1:30 and in the US/Australia 1:50, this broker offers 1:500. To make everything even worse they don’t reveal any trading or funding costs.
Even though the broker claims not to have deposit or withdrawal fees, it looks like a lie. They can make up stories about some fees or taxes, to get traders to deposit more money.
Cryptorocket Trading Features
One of the rarely positive things about the company is Cryptorocket MT4 and MT5 availability. Yet, you shouldn’t let that trick you. Having advanced features is completely useless if you can’t profit from them.
Is Cryptorocket legit?
No. With numerous flaws and a lack of regulations, the company is not highly trusted. Besides the Cryptorocket demo account, you don’t have any option to check their spreads. But even then it might differ from a real account.
Available Trading Assets
Cryptorocket broker, like any other scam broker, offers a variety of instruments. This way they try to build a picture of a reliable broker. The offer consists of:
- Forex USD/JPY, AUD/HKD
- Commodities gold, platinum
- Indices AUS200, FRA40
- Shares Amazon, Netflix
- Cryptos BTC, LTC
The company doesn’t offer separate account types. With a minimum deposit of only $1, it’s easy to get traders on board. However, their additional offers might differ depending on your buying power.
Mobile Trading App
As with any other broker using MT4/MT5 platform, you have mobile apps available. Most importantly, it suites both, Android and iOS users. Thus, with a scam broker like Cryptorocket that becomes irrelevant.
One of the ways to check Cryptorocket fees is through a demo account. However, creating a demo account requires full registration from your side. So, it reveals your contact details and the harassment starts.
Important to realize is that the company doesn’t offer any educational package. Practically, a Cryptorocket scam broker expects you to blindly trust their calls and invest all your hard-earned money. Thus, without a basic understanding of the market.
One of the main Cryptorocket problems is withdrawal. Many traders reported withdrawal issues, but mainly extremely high withdrawal fees. Yet, the company claims not to have any. Which clearly indicates their scamming activities.
For that reason, the company is recommending irreversible payment transfers. Such as wire or crypto. Luckily, the Cryptorocket refund process might be easier than you think.
Another warning sign pointed out in Cryptorocket Trustpilot reviews is their support. Even though they claim to be available 24/7 that is not necessarily true. In the first place, the company offers quite poor contact features.
Only e-mail, online form and live chat are available. Thus, the phone number or the office address information is not available.
Key Information To Consider About Cryptorocket?
The first thing you realize is that the company offers services without a license. To make it even worse, they do that with clients from highly regulated countries. Obviously, they are serving you with bogus lies to make you deposit any money. But the journey starts later when you start asking for withdrawals.
To avoid any of these scenarios, you should apply for a chargeback and get your money back. Our specialized team can advise you on step-by-step moves toward that. You can get in touch with us today and book your first consultation completely free!
Is Cryptorocket Legit?
No. The company is not regulated, doesn’t offer any funds protection measures but also has numerous negative reviews.
What Is Cryptorocket’s Site?
The official site operating since 2018 for this scam broker is cryptorocket.com.
Where Is Cryptorocket Located?
They are located in St. Vincent and Grenadines. Knowing that this is a scam broker, you should apply for a refund as soon as possible. Contact us for assistance today!s