RedRock FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-26 17:28

Abstract：RedRock FX is a broker registered in the United Kingdom in 2021. It offers trading in currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies, with a minimum deposit requirement of $100 and leverage up to 1:1000. In addition, the broker claims to support trading on MT4 and offers copy trading with top Wall Street traders.

RedRock FX Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex pairs and CFDs on stocks, indices, commodities and cryptocurrencies
Demo Account	✅
Leverage	1:400
EUR/USD Spread	From 0.1 pips
Trading Platform	MT4
Copy Trading	✅
Min Deposit	$100
Customer Support	Email: info@redrockfx.com
	Physical address: 71-75 Shelton Street, Covent Garden, London, WC2H9JQ
	Equitable Life Building, 3435 Wilshire Blvd, Los Angeles, CA 90010
	10 Anson RD #34-10, Singapore 079903
	1276 Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu

　　RedRock FX is a broker registered in the United Kingdom in 2021. It offers trading in currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies, with a minimum deposit requirement of $100 and leverage up to 1:1000. In addition, the broker claims to support trading on MT4 and offers copy trading with top Wall Street traders.

　　However, RedRock FX currently lacks any legal oversight from a regulatory institution.

Pros and Cons

Pros	Cons
Various trading choices	No regulation
Multilingual support	No info on deposit and withdrawal
No commissions
Demo accounts available
Various account types
MT4 support

Is RedRock FX Legit?

　　RedRock FX is unregulated by any official authorities. Although it claims registration in the United Kingdom, upon verification with the UK's Financial Conduct Authority (FCA), no information regarding RedRock FX could be found.

　　The company's domain was registered on November 9, 2021, updated on November 10, 2024, and is due to expire on November 9, 2025.

What Can I Trade on RedRock FX?

　　RedRock FX offers diverse financial instruments in currency pairs, CFDs on stocks, indices, commodities (metals, oil, and gas), and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　There are five types of live accounts available on RedRock FX, with minimum deposits ranging from $100 to $20,000, along with varying spreads and leverage. For detailed information, please refer to the following form.

　　Additionally, it provides a demo account for new traders to get accustomed to the platform and refine their trading skills.

Account Type	Min Deposit	Max Leverage	Spread
Standard	$100	1:1000	0.3 pips
Crypto Collateral	$5,000	1:500	0.5 pips
Redrock FX VIP	$20,000	1:400	0.1 pips
Redrock FX STP	$5,000	1:500	0.6 pips
Redrock Pamm	$2,000	1:1000	0.5 pips

Leverage

　　RedRock FX offers leverage up to 1:1000, which is extremely high and already prohibited by most countries. Additionally, since RedRock FX is not regulated by any authority, it is advisable to avoid trading with this company at such a high leverage level.

Spread

　　RedRock FX offers spreads starting from 0.1 pips for EUR/USD, which is quite competitive in the industry. However, regardless of how attractive its spreads may be, it is advisable to avoid trading with an unregulated broker.

Trading Platform

　　RedRock FX provides the MT4 trading platform, a world-leading professional trading platform that is accessible through both web and app. However, it remains uncertain whether such an unregulated broker has obtained trading permission from the MT4.