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• Our Review Method

• Is Rocket Consultant Group Scam or Legit Broker?

• What is Rocket Consultant Group?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Rocket Consultant Group due to the issues we've identified.

Is Rocket Consultant Group Scam or Legit Broker? ▲

Trading with Rocket Consultant Group is strongly discouraged due to significant concerns regarding its legitimacy. Our investigation reveals that Rocket Consultant Group's operations are shrouded in opacity, notably lacking in regulatory compliance. Despite claiming a Swiss base of operations, Rocket Consultant Group has not procured the requisite licensing from Switzerland's financial regulatory body. This absence of regulation renders Rocket Consultant Group an unregulated entity, thereby elevating the risk profile associated with trading through them. Engaging with unregulated brokers is fraught with hazards, given the uncertainty surrounding their business practices and the degree of protection afforded to traders.

What is Rocket Consultant Group? ▲

Rocket Consultant Group positions itself as a facilitator of online trading services, encompassing Forex, Contracts for Difference (CFDs), and options trading. However, the broker falls short in providing essential details concerning its trading conditions, regulatory status, and operational framework. Although it asserts a presence in Zurich, Switzerland, along with additional offices in Panama, Germany, and Hong Kong, Rocket Consultant Group lacks the necessary regulatory approvals in these jurisdictions. Registration with regulatory authorities is a cornerstone of the Forex and CFD brokerage industry, ensuring the segregation and safeguarding of trader funds, particularly in instances of broker insolvency. Furthermore, adherence to varying regulatory norms is mandatory, contingent upon the country and overseeing regulator. Compounding concerns, the British Columbia Securities Commission has sounded an alarm regarding Rocket Consultant Group Ltd., noting unauthorized financial activities involving a resident of British Columbia.

Conclusion ▲

In the domain of financial trading, the paramountcy of aligning with brokers under the stringent surveillance of reputable regulatory bodies cannot be overstated. Authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) mandate rigorous compliance with stringent financial and ethical standards from regulated brokers. In light of these considerations, we advocate for engagement with brokers that have secured regulation from the aforementioned entities. This recommendation is rooted in the protection and assurance offered to traders under the aegis of such regulation. In comparison to Rocket Consultant Group, which lacks transparency and regulatory oversight. The recent discovery that Rocket Consultant Group's website has become inactive further underscores the advisability of steering clear of their services, maintaining vigilance against any future solicitations.