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Rocket Consultant Group
Rating:
Binary Option Programs Award
Min. Deposit
N/A
Min. Investment
N/A
Regulated Broker
No

Rocket Consultant Group Broker Review

  1. Rocket Consultant is an unlicensed forex, options and CFD broker with a particularly vague website and no real trading accounts. The British Columbia Securities Commission (BCSC) recently issued a statement warning users against Rocket Consultant Group due to suspicious activities.

    Our team decided to look into this company even further and discover exactly who they are and whether they are in fact a scam.

    Read our full review and honest verdict below.

    The 3 Types of Trading

    Rocket Consultant Group offers three different types of trading within a single account for all South African investors: forex options trading, contract for difference (CFD) trading and forex stop trading.

    It is regrettable that the broker does not offer a selection of different trading accounts that South African investors can choose from, but it appears the three trading types it provides have certain differences of their own. Rocket Consultant Group also offers a free demo account that caters perfectly for beginners in trading.

    All three trading types are listed below. There was no mention of the minimum deposit required through any of the trading types provided.

    Forex Options Trading

    • Fractional Pricing up to five decimal points
    • Hedging
    • Up to $5 million per click
    • Spreads as low as 0.5 pips
    • Instant execution & 24-hour trading
    • Mini, macro & standard accounts
    • Up to 500:1 leverage
    • Automated trading
    • Forex options for 40+ currency pairs
    • Take profit, stop loss & limit orders
    • 24-hour technical support

    CFD Trading

    • Five decimal point pricing
    • Trading on live streaming price quotes (no dealer intervention)
    • Competitive bid and ask price
    • Favorable margins
    • Automated trading with multiple state of art platforms
    • 50+ instruments
    • Real time charting
    • Low margins
    • Take profit, stop loss & limit orders
    • 24-hour technical support

    Forex Spot Trading

    • Pricing up to five decimal points
    • Hedging capabilities
    • Deep liquidity
    • Full front to back office services
    • Trading on live stream price quotes
    • Low margin requirements
    • Spreads as low as 0.5 pips
    • 24-hour trading and instant execution
    • Mini & standard accounts
    • Up to 1:500 leverage
    • Automated trading
    • 100+ currency pairs
    • Take profit, stop loss & limit orders
    • 24-hour support

    30-Day Free Demo Account  

    Before investing any real money in trading, Rocket Consultant provides a 30-day free demo account to practice with. This means that for 30 days, South African users can develop their skills with $50,000 of virtual money and with absolutely no risk.

    This is excellent for beginners to learn and for experienced traders to test the broker’s platform.

    Trading Software & Assets

    Rocket Consultant Group offers trading in forex, FX options, CFDs and precious metals. They provide no other information regarding specific trading conditions or even the deposit required.

    As mentioned in the beginning of this review, this broker has an especially vague site and no real information regarding the company or what they offer. This is a massive red flag, because lack of transparency is an immediate indicator that something is not right.

    Rocket Consultant Group provides South African traders with the UTRADEPro platform, that they claim has a brand-new graphical user interface and extensive analytics.

    It is not made clear whether the UTRADEPro platform is available on mobile devices as well, but it is definitely regrettable that Rocket Consultant Group does not offer the classic MetaTrader 4 (MT4) platform so many South African traders are used to.

    Customer Support

    If South African users have any further questions regarding this broker (which we cannot even imagine how they could not with such limited information available) they can reach the customer support team via phone or the contact form on their website. There appears to be a live chat option available as well, but was not working at the time of this review.

    Company Info & Payment Methods

    With such limited information throughout the entire Rocket Consultant Group website, it was no surprise that we could not find any information regarding the actual company behind the broker. Funnily enough, the only thing they mention about who operates Rocket Consultant Group is a “multi-national group of seasoned FX professionals” which once again proves the degree of vagueness when it comes to this company.

    There was no mention of payment methods they accept, but it is safe to assume that they accept credit card (Visa, Mastercard) and bank wire transfers.

    Warning: South African investors are not advised to deposit any money with this broker.

    Verdict: Is Rocket Consultant Group a Scam?

    Through careful review of this broker, we have confidently reached the conclusion that Rocket Consultant Group is a scam and South Africans should stay away from this company at all costs.

    Rocket Consultant Group is not regulated or licensed under any regulatory agency and their entire site is so vague that it draws incredible suspicion. They lack information on basic things, like deposits, trading conditions, payment methods and the company themselves. As if all this wasn’t enough, the BCSC recently issued a statement that warns users to stay away from Rocket Consultant Group.

    Conclusion: Stop wasting your time in yet another company that is ready to scam you. Instead, trade directly with top, regulated brokers like IQ Option– that is known world-wide for their professional nature, transparency and truly unique trading experience.

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