Rocket21
Rocket21 Review 2025 – Is It a Safe Forex & Prop Broker?
Thinking of trading or taking a prop firm challenge with Rocket21? In this detailed review, we examine Rocket21’s funding programs, account rules, spreads, fees, platforms, and payout reliability. By the end, you’ll know whether Rocket21 is a suitable forex prop trading choice for 2025.
| Feature | Details |
|---|---|
| Broker / Firm Name | Rocket21 |
| Founded | 2020 |
| Headquarters | Dubai, UAE |
| Regulations | Operates as a prop trading firm (not a regulated retail broker) |
| Minimum Deposit | No deposit — challenge fee only |
| Account Types | 1-Step Evaluation, 2-Step Evaluation, Rapid Scaling Accounts |
| Trading Platforms | MetaTrader 5 (MT5) |
| Instruments Offered | Forex, Indices, Commodities, Crypto, Metals |
| Leverage | Up to 1:100 |
Regulation & Safety
Rocket21 is a **prop trading firm**, not a traditional forex broker. This means:
- It is not regulated by financial authorities like ASIC, FCA, or CySEC
- It offers funded trading capital after passing its challenge
- Trading is done on simulated accounts
- Profits are shared between the trader and the firm
- Low operational risk because no deposits are required — only evaluation fees
Rocket21 has a strong reputation for **fast payouts**, transparent rules, and a stable MT5 environment.
Account Types Offered
| Account Type | Phases | Profit Target | Rules | Payout |
|---|---|---|---|---|
| 1-Step Evaluation | Single Phase | 10% | No daily drawdown; reasonable overall DD limits | Up to 90% |
| 2-Step Evaluation | Phase 1 + Phase 2 | Phase 1: 8% / Phase 2: 5% | Relaxed rules; more time | Up to 90% |
| Rapid Scaling | Funded Only | No evaluation | Higher consistency rules | Up to 90% |
Trading Platforms
- MetaTrader 5 (MT5) – main platform for all evaluations & funded accounts
- Fast execution, stable environment for algorithmic trading
- Mobile, desktop, and web versions available
Instruments You Can Trade
- 40+ Forex pairs
- Global indices (US30, NAS100, GER40, UK100)
- Gold (XAUUSD) and other metals
- Oil & commodities
- Crypto pairs (BTCUSD, ETHUSD, etc., depending on challenge)
Spreads, Fees & Commission
- Spreads: Start from 0.3 – 0.8 pips on major pairs
- Commissions: $3–$6 per lot round-turn (varies by instrument)
- Swap Fees: Applied on overnight positions
- Payout Fees: Typically free (via crypto or e-wallets)
- Challenge Fees: One-time, refunded upon first payout
Security & Measures
- No client deposits used for trading
- Simulated accounts protect traders from financial risk
- Encrypted website & dashboard
- KYC required for funded withdrawals
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Crypto (USDT/USDC/BTC/ETH) | Instant to 30 minutes | Network fees apply |
| E-wallets | Instant | Low to no fees |
| Bank Transfer | 1–3 business days | Bank fees may apply |
Customer Support
- 24/7 live chat
- Fast Discord & Telegram support channels
- Email support
- Extensive FAQs for challenge rules
Pros & Cons
Pros
- Fast and reliable payouts
- MT5-based evaluations
- Low profit targets (especially in 2-step)
- Flexible rules with no daily drawdown in some programs
- Crypto payouts available
Cons
- Not a regulated broker (prop firm model)
- Overnight positions may incur swaps
- Crypto-only funding may limit users in some regions
- No MT4 platform
Is Rocket21 Right for You?
Rocket21 is ideal if you want reliable payouts, flexible challenge rules, and a low-risk path to accessing large funded accounts. With MT5 support and strong evaluations, Rocket21 is a competitive prop firm for scalpers, swing traders, and algorithmic traders in 2025.
If you decide to try Rocket21:
FAQs About Rocket21
Is Rocket21 regulated?
No — Rocket21 is a prop firm, not a regulated retail forex broker.
Does Rocket21 offer MT4?
No, Rocket21 is MT5 only.
How tight are the spreads?
Spreads generally range from 0.3–0.8 pips depending on market conditions.
How long do payouts take?
Most payouts are processed within a few hours to 1 business day.
Disclaimers
Prop trading involves risk. Although you do not trade your own capital, failure to follow rules can result in losing your funded account. Trade responsibly.
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