Overview of Crypto Rocket coins
Crypto Rocket Coins is an unregulated cryptocurrency broker operating in the United States. Established approximately 1-2 years ago, the company offers trading services exclusively in cryptocurrencies. They do not fall under any regulatory authority, making them an unregulated entity. The broker provides various account types, such as Basic, Standard, Silver, Gold, Platinum, and Diamond, each requiring different minimum deposits, starting from $1,000 and going up to $100,000 USD. However, specific leverage ratios and spread details are not accessible.
The company's website has been down since April 2023, and there is no information available regarding their office locations, tradable assets, deposit/withdrawal methods, trading platforms, educational content, or bonus offerings. Customer support options include communication through email and phone channels.
Regulation
Crypto Rocket Coins operates without the oversight of any regulatory authority, rendering the company unregulated. As an unregulated broker, they lack external supervision from governing bodies that typically enforce rules and guidelines within the financial industry. This absence of regulation means that there is no external entity overseeing their business practices, financial operations, or adherence to industry standards. Consequently, customers may not benefit from the protections and safeguards typically provided by regulated brokers. The company's activities and policies are not subject to the same level of scrutiny and verification that regulated entities undergo, potentially exposing traders to higher risks and uncertainties.
Pros and Cons
Crypto Rocket Coins offers cryptocurrency trading services, which can appeal to individuals specifically interested in trading digital assets. They provide various account types, catering to traders with different levels of experience and financial capabilities. Moreover, the availability of customer support via email and phone channels may offer communication options for addressing inquiries or concerns.
One of the significant drawbacks of Crypto Rocket Coins is its unregulated status, which poses inherent risks for traders. The lack of external oversight means that customers may not receive the same level of protection and security that regulated brokers typically offer. The limited website information, including the absence of specifics regarding office locations, tradable assets, deposit/withdrawal methods, trading platforms, leverage, and spread, may lead to uncertainty and make it challenging for potential traders to make well-informed decisions. Moreover, the website's extended downtime since April 2023 raises concerns about the company's operational status and reliability. The lack of detailed educational content and bonus offerings may also leave potential traders searching for additional resources and incentives elsewhere. It should be added that in comparison to competitors, Crypto Rocket coins has extremely high minimum deposits.
Inaccessible Website
The website of Crypto Rocket Coins is currently inaccessible. Thus, it provides no information about its account types, leverage options, spread details, deposit/withdrawal methods, and available trading platforms.
The absence of clear and comprehensive information on these essential aspects of their services may raise concerns about the company's transparency and credibility. Potential clients may find it challenging to make informed decisions regarding which account type suits their needs best, the financial commitment required for each account, and the associated trading conditions. Additionally, traders can not make accounts with Crypto Rocket coins service, therefore making it useless.
Market Instruments
Crypto Rocket Coins provides trading services exclusively in cryptocurrencies. As an unregulated broker, they may offer a selection of popular cryptocurrencies for trading. However, specific details about the available cryptocurrencies are not available due to the inaccessibility of their website.
The following is a table that compares Crypto Rocket Coins to competing brokerages:
Account Types
The account types offered by Crypto Rocket Coins are Basic, Standard, Silver, Gold, Platinum, and Diamond. Specifics are as follows:
Basic Account: The Basic account is the entry-level option, requiring a minimum deposit of $1,000 USD. However, specific leverage ratios and spread details were not provided.
Standard Account: The Standard account requires a minimum deposit of $2,000 USD, with no further information on leverage or spread.
Silver Account: With a minimum deposit of $10,000 USD, the Silver account offers a higher level of trading privileges, but leverage and spread details were not specified.
Gold Account: Traders must deposit a minimum of $20,000 USD to access the Gold account, yet specific information about leverage and spread remains unknown.
Platinum Account: The Platinum account demands a minimum deposit of $50,000 USD, but further details on leverage and spread are not available.
Diamond Account: The top-tier account option, Diamond, requires a substantial minimum deposit of $100,000 USD.
ROI
Return on Investment (ROI) is a crucial metric in the realm of Cryptocurrency brokers, indicating the percentage of profit or loss on an investment relative to its initial cost. In the context of Crypto Rocket Coins' account types, ROI plays a significant role in outlining potential returns for traders. The offered account types, ranging from Basic to Diamond, present varying minimum deposit requirements and corresponding daily ROIs. The Basic and Standard accounts both offer a daily ROI of 3.5%, potentially providing steady but relatively modest returns. As traders move up the account hierarchy, the ROI increases, with the Platinum account offering a 9% daily ROI and the top-tier Diamond account featuring a 10.5% daily ROI. This tiered approach implies that, while higher initial investments are required, the potential daily returns are also elevated, indicating a more substantial potential for profit.
Minimum Deposit
Crypto Rocket Coins offers a range of very high minimum deposit rates for their account types. The Basic account requires a minimum deposit of $1,000 USD, while the Standard account demands $2,000 USD. The Silver account necessitates a higher minimum deposit of $10,000 USD, followed by the Gold account at $20,000 USD. For traders seeking more exclusive privileges, the Platinum account has a minimum deposit of $50,000 USD, and the top-tier Diamond account requires a substantial minimum deposit of $100,000 USD. Each account type corresponds to its specific minimum deposit requirement, providing traders with various entry levels based on their financial capabilities.
Customer Support
Crypto Rocket Coins offers customer support through two channels: email and phone. Traders can reach out to the company's support team using these provided contact methods.
Email: Traders can reach the customer support team at Crypto Rocket Coins through the provided email address: support@cryptorocketcoins.com.Phone: Another available option to contact customer support is via phone at +1 (917) 983-9372.
Conclusion
In conclusion, Crypto Rocket Coins is an unregulated cryptocurrency broker. Their focus lies solely on cryptocurrency trading, offering various account types with increasing minimum deposit requirements, starting from $1,000 USD and going up to $100,000 USD for the Diamond account. However, specific details on leverage, spread, and other trading features are not provided, making it challenging for potential traders to assess the risks and advantages accurately.
The company's website has been down since April 2023, raising concerns about its operational status and potential impact on customer support availability. While Crypto Rocket Coins offers customer support through email and phone channels, the absence of comprehensive information about their office locations, tradable assets, and deposit/withdrawal methods may lead potential traders to approach the company with caution. The lack of regulatory oversight also adds to the risks associated with trading with this brokerage.
FAQs
Q: What is the minimum deposit for the Basic account？
A: The minimum deposit for the Basic account is $1,000 USD.
Q: How long has Crypto Rocket Coins been in operation？
A: Crypto Rocket Coins has been operating for approximately 1-2 years.
Q: Are there any regulatory authorities overseeing this broker？
A: No, Crypto Rocket Coins operate without regulatory oversight, making it unregulated.
Q: What customer support options are available？
A: Customer support can be reached through email and phone channels.
Q: What are the account types offered by Crypto Rocket Coins？
A: Crypto Rocket Coins offers Basic, Standard, Silver, Gold, Platinum, and Diamond account types.
Q: What information is provided about trading instruments？
A: The company exclusively offers cryptocurrency trading instruments.
