RocketX Forex Broker

RocketX Review SummaryFounded2021Registered Country/RegionSouth AfricaRegulationFSCA (Exceeded)Market InstrumentsForex, indices, shares, metals, energiesDemo Account❌LeverageUp to 1:500SpreadFrom 1 pipTrading PlatformMT5Minimum Deposit$5Customer SupportLive chat, contact formWhatsApp: +27 66 192 8421Tel: +27 (10) 045-4911Email: support@rocketx.iocomplaints@rocketx.ioSocial media: X, Facebook, Instagram, LinkedInRegional RestrictionsUS clients are not allowedRocketX Information RocketX is an exceeded broker, offering trading on forex, metals, energies, indices and shares with leverage up to 1:500 and spread from 1 pip on MT5 trading platform. The minimum deposit requirement is $5. Pros and ConsPros Cons Tight spreadsExceeded FSCA licenseVarious contact channelsNo demo accountsMT5 platformRegional restrictionsLow minimum deposit requirementVarious payment optionsIs RocketX Legit? RocketX is licensed by FSCA to offer services, but the license was exceeded.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Financial Sector Conduct Authority (FSCA)Exceeded RocketX (Pty) LtdFinancial Service Corporate52142What Can I Trade on RocketX? RocketX offers trading on forex, metals, energies, indices and shares.Tradable Instruments Supported Forex✔Indices ✔Shares ✔Metals✔Energies ✔Cryptos❌Bonds❌Options❌ETFs❌Account Type Here are four account types RocketX offers:Account TypeMinimum DepositMarsStandard Account$5SaturnSwap Free Account$100JupiterBonus 175 Account$5PlutoMicro Account$5Leverage RocketX offers maximum leverage at 1:500. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.RocketX Fees RocketX Spreads RocketX offers spread from 1 pip. Swap Rates The Saturn Swap Free Account is a swap-free account.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, mobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal RocketX accepts deposit payments via OZOW, korapay, virtual pay, OTT voucher, Skrill, brightcart, Payunit, VISA, finrax, alphapo, BINANCE PAY, Perfect Money and STICPAY. RocketX accepts withdrawal payments via bankwire and crypto. For bank wire withdrawals, the minimum is R100. However, for crypto withdrawals, the minimum is 0.00020 for BTC and 0.010 for ETH. The withdrawal processing time is within 24 hours. However, for withdrawals made via crypto, bank wire, or credit/debit card, the standard processing time frame typically ranges from 2 to 5 business days.