RedRock FX Forex Broker

RedRock FX Review Summary Founded2021 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForex pairs and CFDs on stocks, indices, commodities and cryptocurrencies Demo Account✅ Leverage1:400 EUR/USD SpreadFrom 0.1 pips Trading PlatformMT4 Copy Trading✅ Min Deposit$100 Customer SupportEmail: info@redrockfx.com Physical address: 71-75 Shelton Street, Covent Garden, London, WC2H9JQ Equitable Life Building, 3435 Wilshire Blvd, Los Angeles, CA 90010 10 Anson RD #34-10, Singapore 079903 1276 Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu RedRock FX is a broker registered in the United Kingdom in 2021. It offers trading in currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies, with a minimum deposit requirement of $100 and leverage up to 1:1000. In addition, the broker claims to support trading on MT4 and offers copy trading with top Wall Street traders. However, RedRock FX currently lacks any legal oversight from a regulatory institution.Pros and Cons Pros Cons Various trading choicesNo regulation Multilingual supportNo info on deposit and withdrawal No commissions Demo accounts available Various account types MT4 supportIs RedRock FX Legit? RedRock FX is unregulated by any official authorities. Although it claims registration in the United Kingdom, upon verification with the UK's Financial Conduct Authority (FCA), no information regarding RedRock FX could be found. The company's domain was registered on November 9, 2021, updated on November 10, 2024, and is due to expire on November 9, 2025.What Can I Trade on RedRock FX? RedRock FX offers diverse financial instruments in currency pairs, CFDs on stocks, indices, commodities (metals, oil, and gas), and cryptocurrencies. Tradable Instruments Supported Forex ✔ Commodities✔ Indices✔ Stocks✔ Cryptocurrencies✔ Bonds❌ Options❌ ETFs❌Account Type There are five types of live accounts available on RedRock FX, with minimum deposits ranging from $100 to $20,000, along with varying spreads and leverage. For detailed information, please refer to the following form. Additionally, it provides a demo account for new traders to get accustomed to the platform and refine their trading skills. Account TypeMin DepositMax LeverageSpread Standard $1001:10000.3 pips Crypto Collateral $5,0001:5000.5 pips Redrock FX VIP$20,0001:4000.1 pips Redrock FX STP $5,0001:5000.6 pips Redrock Pamm$2,0001:10000.5 pipsLeverage RedRock FX offers leverage up to 1:1000, which is extremely high and already prohibited by most countries. Additionally, since RedRock FX is not regulated by any authority, it is advisable to avoid trading with this company at such a high leverage level.Spread RedRock FX offers spreads starting from 0.1 pips for EUR/USD, which is quite competitive in the industry. However, regardless of how attractive its spreads may be, it is advisable to avoid trading with an unregulated broker.Trading Platform RedRock FX provides the MT4 trading platform, a world-leading professional trading platform that is accessible through both web and app. However, it remains uncertain whether such an unregulated broker has obtained trading permission from the MT4. Trading PlatformSupported Available Devices Suitable for MT4✔Web and APPBeginners MT5❌/Experienced traders