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ROCKETCHART foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://rocketchart.de, about the company's legal and temporary regulatory information, the company's address .

ROCKETCHART Forex Broker

Basic Information

Registered Region

Marshall Islands

Operating Period

Company Name

Seventh Line Corporation LTD

Abbreviation

ROCKETCHART

Company employee

Company Website

https://rocketchart.de

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

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.

ROCKETCHART broker review

Is ROCKETCHART safe or scam

Rating Index

RocketChart Forex Broker - Complete Information Guide

1. Broker Overview

　　RocketChart, officially known as Seventh Line Corporation Ltd, was established in 2022. The company is registered in the Marshall Islands, which is known for its lenient regulatory environment. RocketChart operates primarily as an offshore forex broker, catering to a global clientele that includes both retail and institutional traders. The firm claims to offer a wide range of trading services, although its credibility has been called into question due to its lack of regulation.

　　Despite its relatively short history, RocketChart has positioned itself in the competitive forex market by promoting attractive trading conditions and leveraging advanced technology. However, the absence of a reputable regulatory authority raises significant concerns regarding the safety and security of client funds. The broker's business model primarily focuses on retail forex trading, but it also appears to target institutional clients with various services.

　　As part of its development, RocketChart aims to expand its presence internationally, although its operational legitimacy remains dubious. The broker's marketing strategies often emphasize high leverage and low entry barriers, which can be appealing to novice traders but may also expose them to considerable risk. Overall, the RocketChart broker operates within a contentious space in the forex industry, with its future trajectory still uncertain.

2. Regulatory and Compliance Information

　　RocketChart operates without any valid regulatory oversight, which is a significant red flag for potential investors. The broker claims to be fully licensed; however, it fails to provide any credible evidence of such claims. According to various sources, including WikiFX and FinTelegram, RocketChart is not governed by any regulatory body, leading to its classification as an unregulated broker.

Main Regulatory Authorities: None
Regulatory Numbers: Not applicable
License Validity and Scope: No valid licenses are reported.
Legal Entities in Different Regions: Registered as Seventh Line Corporation Ltd in the Marshall Islands.
Client Funds Segregation Policy: No information available regarding the segregation of client funds.
Investor Compensation Fund Participation: Not applicable.
KYC and AML Compliance Measures: The broker does not provide clear information about its compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

　　Given these factors, potential clients should exercise extreme caution when considering the RocketChart broker for their trading activities.

3. Trading Products and Services

　　RocketChart offers a variety of trading products, primarily focusing on forex pairs, but it also claims to provide access to other financial instruments. The specifics of these offerings are as follows:

Number of Forex Currency Pairs: The exact number of forex pairs is not disclosed; however, it is expected that the broker provides access to major, minor, and exotic pairs.
CFD Product Categories: RocketChart reportedly offers CFDs on indices, commodities, stocks, and cryptocurrencies, although details on specific products are sparse.
Unique Trading Products: No unique or proprietary trading products have been identified.
Product Update Frequency: There is no information available regarding how frequently new products are introduced or existing products are updated.
Retail Trading Services: Services are primarily aimed at retail traders.
Institutional Client Services: The broker appears to have some offerings for institutional clients, though specifics are not provided.
White Label Solutions: No information is available on whether RocketChart provides white label solutions.
Asset Management Services: There is no mention of asset management services.

　　Overall, while the RocketChart broker claims to offer a diverse range of trading products, the lack of detailed information and transparency raises concerns about the reliability of these claims.

4. Trading Platforms and Technology

　　RocketChart offers the widely recognized MetaTrader 4 (MT4) trading platform, which is favored by many traders for its user-friendly interface and comprehensive trading tools. Key features of the trading platform include:

MetaTrader 4/5 Support: RocketChart supports MT4, which is compatible with various devices.
Proprietary Platform Details: No proprietary trading platform has been identified.
Web-Based Trading Platform: The broker provides a web-based trading platform through MT4.
Mobile Applications: The broker offers mobile applications for both iOS and Android platforms, allowing traders to manage their accounts on the go.
Execution Models: The execution model is not explicitly stated; however, it is likely to be a combination of Market Making and STP based on the broker's operational structure.
Server Location and Technical Infrastructure: The server location is reportedly in the United States, but specific technical details are not disclosed.
API Access and Automated Trading Support: There is no clear information regarding API access or support for automated trading strategies.

　　While the RocketChart broker utilizes a reputable trading platform, the lack of transparency regarding execution models and technical infrastructure raises concerns about the overall trading experience.

5. Account Types and Trading Conditions

　　RocketChart offers various account types, although detailed information is limited. The following aspects are noted:

Standard Account Conditions: The minimum deposit requirement is reported to be $250, with spreads starting from 1.5 pips. Commission structures are not disclosed.
Advanced Account Types: Information on VIP or professional accounts is not available.
Special Accounts: There is no mention of Islamic accounts or corporate accounts.
Demo Account Policy: Details regarding the availability of demo accounts are not provided.
Leverage Ratios: The maximum leverage offered is 1:300, which is considered high and potentially illegal in many jurisdictions.
Minimum Trade Size: The minimum trade size is not specified.
Overnight Fees Policy: No information is available regarding overnight fees or swap rates.

　　In summary, while the RocketChart broker provides basic account options, the lack of clarity around trading conditions and specific account features may deter potential clients.

6. Fund Management

　　RocketChart offers various methods for depositing and withdrawing funds, although specific details are limited:

Supported Deposit Methods: The broker reportedly accepts bank transfers, credit cards, and possibly e-wallets.
Minimum Deposit Requirements: The minimum deposit is set at $250 for standard accounts.
Deposit Processing Times: Specific processing times for deposits are not disclosed.
Deposit Fees: There is no information available regarding deposit fees.
Withdrawal Methods and Restrictions: Withdrawals can reportedly be made via credit cards and bank transfers, but specific restrictions are not mentioned.
Withdrawal Processing Times: The processing time for withdrawals is not specified.
Withdrawal Fee Structure: Details regarding withdrawal fees are not provided.

　　Overall, the fund management practices of the RocketChart broker appear to lack transparency, which is a concern for potential investors.

7. Customer Support and Educational Resources

　　RocketChart's customer support options are somewhat limited, as detailed information is not readily available:

Support Channels: The broker reportedly provides support via email and possibly through online chat; however, specific contact details are not mentioned.
Service Hours and Time Zone Coverage: Service hours are not specified, raising concerns about availability.
Multilingual Support: The languages supported by the customer service team are not listed.
Educational Resource Types: There is limited information on available educational resources, such as webinars, tutorials, or e-books.
Market Analysis Services: No details are provided regarding market analysis services.
Trading Tools: Information about available trading tools, such as calculators or signal services, is not disclosed.

　　The overall lack of comprehensive customer support and educational resources at RocketChart broker may hinder traders' experiences and learning opportunities.

8. Regional Coverage and Restrictions

　　RocketChart claims to serve a global market, but specific details about its regional coverage are limited:

Primary Service Markets: The broker targets a global audience but does not specify key markets.
Regional Office Distribution: There is no information available regarding regional offices.
Countries/Regions Not Accepted: Specific countries or regions that are restricted from opening accounts are not mentioned.
Special Restrictions: There are no details regarding any special restrictions that may apply to certain jurisdictions.

　　In conclusion, while the RocketChart broker aims to provide services to a global clientele, the lack of transparency regarding regional coverage and restrictions raises significant concerns.

　　In summary, RocketChart operates as an unregulated offshore forex broker with several notable shortcomings, including a lack of transparency regarding its operations, trading conditions, and customer support. Potential investors are strongly advised to conduct thorough research and consider the risks associated with trading through unregulated entities.