Crypto Rocket is a broker that is not licensed to offer financial services or products, even though they may offer seemingly attractive deals.
Crypto Rocket claims to be the trading name of CryptoRocket Limited, registered in St. Vincent and the Grenadines, a well-known offshore center. We did find this company in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, one must keep in mind that the SVG FSA has no legal authority to issue forex licenses and regulate forex activities. Therefore, Crypto Rocket is not subject to any regulation for offering financial services or products. More importantly, there are two financial regulatory bodies issuing warnings against Crypto Rocket for providing unauthorized financial services or products, they are:
1) the Spain Comisión Nacional del Mercado de Valores (CNMV), and you can check the warning from here;
2) the British Columbia Securities Commission (BCSC), and you can check the warning from here.
Regarding your question, Crypto Rocket is not regulated. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud and theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Crypto Rocket and choose fully regulated ones instead.
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