Introduction
Rock-West is an online broker based in Seychelles, offering a wide range of assets including forex, indices, commodities, and over 170 cryptocurrencies. The broker supports the popular MT5 platform as well as its proprietary Rock-West Trade platform, providing high leverage (up to 1:2000) and competitive spreads (starting from 0 pips on Raw accounts).
However, Rock-West operates under an offshore license from the Financial Services Authority (FSA) of Seychelles, which means that investor protection is not as robust as with top-tier financial regulators.
Pros and Cons
Pros:
- Supports the popular MT5 platform
- Offers three flexible account types
- Demo account available
- Copy trading supported
Cons:
- Offshore regulation only
- Commission fees applied on Raw accounts
- Limited direct contact channels
Tradable Products
- Supported: Forex, Cryptocurrencies, Commodities, Indices
- Not Supported: Stocks, Bonds, Options, Funds, ETFs
Trading Platforms
- MT5: Suitable for experienced traders
- Rock-West Trade App: Proprietary platform, available on desktop, web, and mobile
- MT4 & TradingView: Not supported
Conclusion
Rock-West can be an option for traders seeking high leverage, diverse account types, and flexibility in cryptocurrency trading. However, as it is regulated offshore, the risks regarding fund safety and legal protection should be carefully considered before investing.
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