Overview
Rock-West is a broker that offers online trading across multiple asset classes, including Forex, indices, commodities, and cryptocurrencies. They emphasize competitive trading conditions, offering both a proprietary trading platform (“Rock-West Trader”) and MetaTrader 5 (MT5). According to their own site, they support over 280 cryptocurrency contracts, including major coins such as BTC and ETH, and they claim very low trading fees for certain account types.
Regulation & Safety
One of the most concerning aspects of Rock-West is its regulatory status. The company is registered in Seychelles and regulated by the Financial Services Authority (FSA) of Seychelles (license number SD044). Because this is not a “top-tier” regulator (like FCA or ASIC), some traders consider its protection level lower. Also, there have been reports of delayed withdrawals and account issues, raising red flags about financial transparency and trust.
Account Types & Trading Conditions
Rock-West offers several account tiers, including Standard, Raw, and VIP Raw. The Standard account has no trading commission but wider spreads, while the Raw account offers tighter spreads (even 0.0 pips) at the cost of a commission per lot. They provide very high leverage (reported up to 1:2000 for some instruments), which may attract aggressive traders but also increases risk significantly.
Platforms & Technology
- MT5: Available on desktop, web, and mobile.
- Rock-West Trader: Their proprietary platform, which is designed to be user-friendly.
The diversity of platforms is a positive point, especially for traders who want both familiar and customized interfaces.
Funding & Payments
Rock-West supports a variety of funding methods. These include bank transfers, credit/debit cards (Visa/MasterCard), and local e-wallets in some regions. They also support crypto deposits and withdrawals via networks like TRC20. However, there are reports from users about delays in processing deposits, especially when things go wrong, which can be a significant risk.
Customer Service
Customer support is active. They provide assistance via email and live chat, and claim multilingual support. On the positive side, some users say support is helpful. On the negative side, complaints have been raised around deposit delays and money withdrawal requests.
Strengths (Pros)
- Low barrier to entry: Relatively small minimum deposit for some account types.
- Wide range of markets: Forex, crypto, commodities, indices.
- High leverage: Up to very high leverage (which is attractive for experienced traders).
- Flexible funding: Supports both fiat and crypto, enabling more convenient deposit/withdrawal options.
- Platform variety: Both MT5 and proprietary platform, suiting different styles of traders.
Weaknesses (Cons)
- Regulatory risk: Being regulated in Seychelles may carry more risk than more stringent jurisdictions.
- Withdrawal concerns: Reported issues with fund withdrawal and delayed deposits.
- High risk for beginners: Because of high leverage, inexperienced traders may face significant risk.
- Limited transparency: Some user-reported problems suggest that transparency and trust could be improved.
Overall Assessment
Rock-West.com could be suitable for aggressive or more experienced traders who are comfortable with higher risk, and who want access to a wide range of markets with flexible deposit options. However, for traders who prioritize strong regulatory oversight and maximum safety, Rock-West might be less ideal. The reported issues around fund flows indicate that potential users should proceed with caution, test with small amounts first, and ensure they understand both the risks and the broker’s policies in depth.
More Stories
JustMarkets Review
Jotform Review: The Best Form Builder or Just Overhyped?
Fathom Review: The Best AI Tool for Instant Meeting Recaps?