Overview of Rocket Global Forex
Rocket Global Forex, launched in 2022, offers trading in forex and precious metals through a mobile-friendly platform. Despite its claims of accessibility and user-friendly features, the brokerage is clouded by significant regulatory concerns. It alleges NFA regulation under a potentially cloned license number. Potential clients should be wary and validate these regulatory claims to avoid potential risks.
Is Rocket Global Forex Legit？
Rocket Global Forex claims to be regulated by the NFA in the United States with a license number 0555662. However, this claim is suspected to be fraudulent as the license might be cloned.
Pros and Cons
Rocket Global Forex presents itself with features that allow trading across various assets, but its potential benefits are heavily overshadowed by significant drawbacks. The primary concern lies in its regulatory claim: the broker asserts it is regulated by the NFA with a license that is suspected to be cloned, casting serious doubts on its legality and safety. This suspicion threatens the security of trader investments and undermines trust in the broker's operations. Additionally, the lack of transparency regarding deposit and withdrawal methods can complicate financial transactions for users, potentially leading to inconvenient or unsafe financial practices. There's also a noticeable absence of detailed educational resources, which could hinder new traders from effectively learning trading strategies and market dynamics.
Trading Instruments
Rocket Global Forex offers a selection of over 100 tradable assets, including major forex currency pairs such as USD/EUR, USD/JPY, and USD/GBP, along with precious metals like gold. This range provides clients with a variety of options for trading in the global financial markets.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Rocket Global Forex offers two primary types of accounts: a Demo Account, which starts with $100,000 in virtual funds for practice trading, and a standard trading account that can be accessed via a Web Trader platform or a mobile app.
How to Open an Account
To open an account with Rocket Global Forex, follow these steps.
- Visit the Rocket Global Forex website. Look for the “Register” button on the homepage and click on it.
- Sign up on websites registration page.
- Receive your personal account login from an automated email
- Log in
- Proceed to deposit funds to your account
- Download the platform and start trading
Spreads and Commissions
Rocket Global Forex offers competitive trading conditions with spreads starting from 0 pips, providing cost-effective trading opportunities. Additionally, the broker does not charge any overnight interest, making it more appealing for traders who hold positions open overnight.
Deposit & Withdraw Methods
Rocket Global Forex requires a minimum deposit of $50 to start trading. However, the specific methods available for depositing and withdrawing funds are not detailed in the provided information.
Trading Platforms
Rocket Global Forex offers a mobile trading application that is convenient, fast, and reliable. Compatible with Android and iOS devices, the app allows users to trade anytime and anywhere, providing access to over 100 tradable assets. The platform incorporates MetaTrader's trading features, including one-click trading, a variety of order types, and real-time market access. This setup ensures a seamless trading experience on mobile devices.
Customer Support
Rocket Global Forex provides customer support through email at rocketglobalforex@gmail.com. This email-based support allows clients to reach out with inquiries and issues related to their trading accounts and experiences.
User reviews
User 1: “I gave Rocket Global Forex a shot because of their app, which seemed slick for trading on the go. The trading experience was smooth enough, and getting into forex felt pretty straightforward with their setup. But, man, when I started digging into their license status, things got sketchy. Turns out their regulatory claims might not be legit, which really made me rethink keeping my money with them.”
User 2: “Started with Rocket Global Forex mainly for trading precious metals and the spreads were as low as advertised. The app works fine on my phone, no complaints about usability. However, I got spooked after hearing rumors about their NFA license possibly being a clone. It's a big red flag for me, considering the safety of my investments is a top priority. Decided to pause trading until there's clarity.”
Conclusion
Rocket Global Forex strives to provide an efficient trading platform, highlighted by its broad asset offerings and competitive conditions, such as zero pip spreads and no overnight charges. The mobile platform ensures that traders can access the market from anywhere at any time. However, the potential benefits are overshadowed by serious concerns regarding the legitimacy of its regulatory status. Traders should approach with caution and verify all regulatory claims before committing funds to this broker, reflecting the inherent risks associated with potentially unregulated entities.
FAQs
What types of assets can I trade with Rocket Global Forex？Rocket Global Forex allows trading in various forex pairs and precious metals.
How can I contact customer support at Rocket Global Forex？You can reach customer support via email at rocketglobalforex@gmail.com.
What platforms does Rocket Global Forex offer for trading？Rocket Global Forex provides a mobile trading app available for Android and iOS users, featuring one-click trading and a variety of order types.
What should I consider before trading with Rocket Global Forex？Consider verifying the brokers regulatory status and understanding the risks involved in trading with a potentially unregulated broker. Ensure that you are aware of all operational details and trading conditions.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
