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Is CryptoRocket a scam Crypto broker? A Real Review
Updated December 6th, 2020
This CryptoRocket review will tell you the real story behind this offshore broker. We’ll let you know if CryptoRocket is a scam or if they’re a legitimate Crypto broker. We’ll also let you know if they’re a regulated broker.
Is CryptoRocket a regulated broker?
Despite any claims that representatives of CryptoRocket have made or any language on their website, CryptoRocket is not a regulated broker. They hold no certificate or license from any government body or from a recognized private organization. This means that they are not authorized to provide services anywhere in the world.
Cryptorocket has no regulation, so they’re a scam?
Cryptorocket operates without license and regulation throughout the world. For this reason alone, Cryptorocket can be considered a scam.
What services does CryptoRocket offer?
Cryptorocket offers Cryptocurrency trading, CFD’s, Indices, Forex and stocks. They do not charge commission while live trading and have no deposit fee or transaction fee.
What is the minimum deposit to start with?
The minimum deposit required to begin trading with CryptoRocket is $10 USD.
What trading platforms does Cryptorocket offer?
Cryptorocket uses both the Webtrader and the Metatrader 4 (MT4). The Metatrader 4 is notorious for being used in house by most online trading scams. While using the Metatrader 4 isn’t conclusive evidence that a company is a scam, it’s rampant use and easy to manipulate interface does often make it a red flag, especially when combined with other concerning factors.
Find out more information on what possibilities there are of recovering money lost in a scam here. Find out now
CryptoRocket Website Address: Cryptorocket.com
This company is also known as CryptoRocket Limited, CryptoRocket Trading, CryptoRocket Bitcoin Platform and Crypto Rocket.
Where is Cryptorocket located?
Cryptorocket is located in St. Vincent and the Grenadines. Their address is CryptoRocket Limited, First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines
CryptoRocket website Review
The company’s website is quite impressive making it understandable why so many people have been given the idea that CryptoRocket is a legitimate broker. As we will see soon, a look at many other online CryptoRocket reviews may give you the same impression.
CryptoRocket Reviews Across the Web
Most Crypto scam companies post fake reviews in one form or another. CryptoRocket seems to have taken things to the next level. They must have a strong team posting fake reviews as they seem to be persistent and everywhere. Something very reminiscent of the KontoFX scam. If you’d like to see a great example of a heavy fake review campaign check out the trustpilot review page for KontoFX pictured below. There you can see that every time a negative review shows up, it is almost immediately followed by a slew of positive reviews.
An overwhelming majority of the online results we got when typing in Cryptorocket review fell into this category. Quite a frightening insight.
Forex Peace Army Reviews on Cryptorocket.com
What’s a bit astounding is that as of today February 21st, 2020, the FPA page still seems to have a positive rating for their CryptoRocket Review. No clear warnings are listed. We’ll see how long that lasts.
Update: March 3rd, 2020 The Forex Peace Army review of Cryptorocket.com hasn’t had any changes. This leads us to think that either people haven’t found where to report Cryptorocket or that the FPA has lowered their standards.
FPA rating of CryptoRocket review
Their “Read about us” Section
This would normally not be a section worthy of any review or discussion. However in this case, it seems that the CryptoRocket team has gone to great lengths to make certain that they’re listed on multiple review sites. They’ve included insidebitcoins.com, bloconomi.com, newsbtc.com and coinspeaker.com. The fact that Cryptorocket has been able to place themselves on industry crypto sites shows the extent that they’re going to in order to prove their legitimacy. It also adds to the nefariousness of their scam.
The CryptoRocket Withdrawal Policy
WIthdrawal problems are always a clear indicator of foul play. With Cryptorocket, the commitments to a withdrawal policy versus what actually occurs is no exception to scam operations. More than any other complaint, everyone who has traded with this company says things go wrong when you try to withdraw. Upon requesting a withdrawal of any amount, the CryptoRocket brokers immediately change their tone and begin all kinds of manipulation tactics to dissuade the account holder from withdrawing any money. If and when the individual insists, one of a few things happen. Either they stop answering their calls and emails, or the account holder is told to place a few trades prior to withdrawing. Amazingly, those trades always end up in massive losses to their account.
The withdrawal icon advertised on the CryptoRocket website.
How do we know for sure if CryptoRocket is a full blown scam?
If the above information isn’t enough, Scamnewschannel.com relies on the expertise of its experienced professionals who verify their reporting information using time-tested tools and sources. For the Scam News Channel the criteria for identifying a scam and why CryptoRocket has been confirmed as a scam extends further than just fitting the description.
What should I do if I’m currently trading with Cryptorocket?
If you are at present still in contact with this company and have already made attempts to withdraw your funds but you have done so unsuccessfully, you should be forewarned that any offers from this Crypto scam that are accompanied with requirements to pay for your withdrawal are simply CryptoRocket trying to scam you further for more of your money.
We advise you to contact us immediately to find out if there are options to recover your money.
Is it possible for me to get my money back from Cryptorocket?
Any person who has investment or traded with CryptoRocket is highly encouraged to make attempts in any way possible to withdraw their money from CryptoRocket or any account that CryptoRocket has encouraged you to deposit into. If your funds were deposited using Bitcoin or cryptocurrency you are advised to read the following instructions and to contact us right away. Recovering funds from an offshore broker is often exceedingly difficult, be forewarned of anyone who tells you otherwise.
Know Your Rights and Fight Back
The Scam News Channel was founded to fight online scams, Crypto scams, CFD scams, binary options, Bitcoin scams and many others. We are here to offer our assistance to individuals who have been victimized by any sort of Crypto scam or others. New trading scams are occurring every day and should be treated very seriously. As we’ve mentioned if you have already deposited funds with the company in question, you should immediately report it. Once you have filed a complaint, we will do our best to reach out to you as soon as possible. Please allow up to 10 business days to receive a response. If you or someone you know has been victimized by a scam that is not listed on our “Updated scam list” or anywhere on our site, please let us know the details so that we may report on it and organize resources and avenues to provide for those who require.
Confirmation after the Watch List
CryptoRocket was previously placed on our scam watch list and has been confirmed as a Crypto scam broker. We highly recommended not to engage in contact or any type of business with this company. Below is a list of situations that generally accompany an online fraud, if any of the below sounds familiar, we advise not proceeding in any further transactions with the trading platform that you are looking into or already dealing with.
Scamnewschannel.com is owned by the Scam News Channel group and is one of the few online resources where victims can report new scams and ongoing scams to have the information reported for the sake of preventing further victimization. The Scam News Channel also goes to great lengths to provide honest answers to the number one question of scam victims; “Can I get my money back?”
We hope that this CryptoRocket Review was helpful to you and we welcome your comments and critique.
Getting Your Money Back
Unfortunately in many circumstances the answer may be no. This however is not true across the board as there are many situations where scam victims can recover their lost money. This however is a darkened reality as the dangers of victims being re-scammed by fake recovery companies and scammer individuals lurking through the web are many, very many. We do our best and will continue to do our best to let you know if your case is recoverable or not, and if it’s not we’ll tell you.
UPFRONT FEES ARE SCAMS (PARTICULARLY WHEN IT COMES TO BITCOIN)
Never pay an upfront fee to an individual or company who tell you that they can recover your bitcoin for you. Cryptocurrency or Bitcoin recovery is a very difficult thing and to date there are no statistics showing that a specific method works or that a specific company can recover Bitcoin. We have received reports that Bitcoin was recovered in certain cases but not in a way that has shown to work in more than the specific cases where it was applied. That being said, until we are proven otherwise, anyone guaranteeing or charging money to assist in Bitcoin recovery is likely a scammer.
SCAM NEWS CHANNEL REVIEWS AND HOW YOU CAN HELP
The Scam News Channel also offers reviews on companies that are not scams and regulated companies. Being a crowd-sourced website we highly promote critique to our content. If you’ve found anything that we’ve written to be inaccurate or outdated in any way we ask that you let us know right away and to please provide the sources and information that you believe is correct or up to date. Contact Us Today
There is a good chance that you can recover your money from this company. Send us the details of your case and we’ll let you know as soon as possible how you can recover your money and fight back.