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The WikiFX Score of this broker is reduced because of too many complaints!

Castle Rock FX

Saint Vincent and the Grenadines|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.castlerockfx.com/

Website

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Contact

https://www.castlerockfx.com/
Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines.
https://twitter.com/fx_castle?s=20&t=VHfu9yn9bIV9V5F6GfdV6w
https://www.linkedin.com/company/76934864/admin/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

CR Markets, LLC

Abbreviation

Castle Rock FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 612233) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Castle Rock FX · WikiFX Survey

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Castle Rock FX · Company Summary

Castle Rock FX Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationFCA (612233)
Market InstrumentsForex (65+ pairs), Cryptocurrencies (40+), Commodities, CFDs (325+), Precious Metals, Stocks, Indices
Demo Account/
LeverageUp to 1000:1
SpreadStarting from 0.0 pips
Trading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Trading
Min Deposit$5
Customer SupportEmail: info@castlerockfx.com

Castle Rock FX Information

Castle Rock FX offers trading instruments spanning 65+ forex currency pairs, 40+ cryptocurrencies, and over 325+ CFDs on commodities, precious metals, stocks, and indices. It offers high leverage—up to 1000:1 and supports MetaTrader 4 and MetaTrader 5 systems on both PC and mobile devices.

Pros and Cons

Pros Cons
High leverage—up to 1000:1Limited spread and cost information
Backs MT4 and MT5 systems.No customer support choices
Provides several asset kinds for trading.No demo account

Is Castle Rock FX Legit?

Castle Rock FX falsely claims FCA regulation using CXM Trading LTD's license number 612233. This shows a cloned license, which is when an unlicensed broker uses a real broker's license to trick buyers.

Regulatory StatusSuspicious clone
Regulated byFCA (Financial Conduct Authority), United Kingdom
Licensed InstitutionCXM Trading LTD
Licensed TypeStraight Through Processing (STP)
Licensed Number612233
Is Castle Rock FX Legit?

What Can I Trade on Castle Rock FX?

Castle Rock FX has many trading instruments. These include over 65 forex currency pairs, 40+ cryptocurrencies (Bitcoin, Litecoin, Ethereum), and 325+ CFDs on commodities, equities, and other financial assets.

Tradable Instruments Supported
Forex
Commodities
Cryptocurrencies
CFD
Indexes
Stocks
ETF

Accounts

Trading accounts from Castle Rock FX are available for both retail and professional traders. Three tiered accounts including Standard, Pro, and Raw Spreads. The Standard account is designed for all types of clients, especially retail traders, with its initial deposit requirement from $5. Pro and Raw accounts are ideal for professional traders, with minimum deposit requirement for the first time from $2,000 and $5,000, respectively.

Leverage

Castle Rock FX provides leverage up to 1000:1, which, depending on novices especially, can result in large profits but also carries great danger. Greater gains and possible losses follow from high leverage.

Spreads & Commissions

As for the spreads and commission of Castle Rock FX, they are determined by the type of trading account selected. The Standard account offers spreads starting from 1 pip, with a commission of $5 on forex trading. The Pro account offers tighter spreads starting from 0.5 pips, with a commission of $4.5 on forex. The Raw account incurs lower commission fees of up to $3.5, with spreads as low as 0.0 pips.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MetaTrader 4 (MT4)PC, MobileAll traders
MetaTrader 5 (MT5)PC, MobileAdvanced traders

Deposit and Withdrawal

Castle Rock FX does not say clearly whether it charges deposits or withdrawals fees. It provides numerous ways for these transactions, though. Starting a live account calls for a minimum deposit of $5.

MethodDepositWithdrawalMin. DepositFeesProcessing Time
Bank Wire (SWIFT)Not specifiedNot specified3-5 business days
BitcoinNot specifiedNot specifiedInstant
Ether/EthereumNot specifiedNot specifiedInstant
Fair PayNot specifiedNot specifiedInstant
PayRetailersNot specifiedNot specifiedInstant
Tether (USDT)Not specifiedNot specifiedInstant

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