Due to the temporary inaccessibility of ROCKETCHARTs website (https://rocketchart.de), we could only piece together a rudimentary picture of it as a forex broker by obtaining pertinent information from other websites.
General Information
Incorporated in 2022, ROCKETCHART is an offshore forex broker that was not established long, with an operating time of only 2-5 years. ROCKETCHART is the trading name of Seventh Line Corporation LTD, a company registered in Marshall Islands.
As far as we can tell, ROCKETCHART is not governed by any laws or ordinances, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1. 20 out of 10 overall. Don't be oblivious to the potential danger.
Leverage
To put it another way, ROCKETCHAR's maximum leverage of 1:300 is too high and illegal in many countries throughout the world due to restrictions set by numerous regulatory bodies (e.g., 1:30 for Major FX in the EU, UK, and Australia, and 1:50 in the US and Canada).
With a leverage of 1:300, it is clear that this broker does not have a valid license from a reputable regulatory body. Please be aware of the risk.
Trading Platform
When it comes to trading platform available, what ROCKETCHART offered is the leading MT4 trading platform, which can be accessed on any device. MT4 is among the most popular in the world because of its robust charting capabilities, wide range of technical indicators, as well as EA supported.
Deposit & Withdrawal
The minimum deposit amount to invest with ROCKETCHAR is allegedly $250. Payment methods supported by this broker include Credit/Debit Cards, and Wire Transfer.
Concerning withdrawal, the minimum withdrawal amount is $50 via Credit/Debit Cards, allegedly free of charge. Other additional fees are not disclosed.
Customer Support
No contact channels are founded to get in touch with ROCKETCHART, which is a worrying sign. This means if something goes wrong with your trade process, you will not be able to contact this broke right away to address your problems. More importantly, if you encounter withdrawal problems, your lost money is gone forever.
Risk Warning
There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.
Please keep in mind that the data presented in this article is meant to serve as a guideline only.
