Castle Rock FX -Overview of Minimum Deposit, Leverage, Spreads

Castle Rock FX Information

Castle Rock FX offers trading instruments spanning 65+ forex currency pairs, 40+ cryptocurrencies, and over 325+ CFDs on commodities, precious metals, stocks, and indices. It offers high leverage—up to 1000:1 and supports MetaTrader 4 and MetaTrader 5 systems on both PC and mobile devices.

Pros and Cons

Is Castle Rock FX Legit?

Castle Rock FX falsely claims FCA regulation using CXM Trading LTD's license number 612233. This shows a cloned license, which is when an unlicensed broker uses a real broker's license to trick buyers.

What Can I Trade on Castle Rock FX?

Castle Rock FX has many trading instruments. These include over 65 forex currency pairs, 40+ cryptocurrencies (Bitcoin, Litecoin, Ethereum), and 325+ CFDs on commodities, equities, and other financial assets.

Accounts

Trading accounts from Castle Rock FX are available for both retail and professional traders. Three tiered accounts including Standard, Pro, and Raw Spreads. The Standard account is designed for all types of clients, especially retail traders, with its initial deposit requirement from $5. Pro and Raw accounts are ideal for professional traders, with minimum deposit requirement for the first time from $2,000 and $5,000, respectively.

Leverage

Castle Rock FX provides leverage up to 1000:1, which, depending on novices especially, can result in large profits but also carries great danger. Greater gains and possible losses follow from high leverage.

Spreads & Commissions

As for the spreads and commission of Castle Rock FX, they are determined by the type of trading account selected. The Standard account offers spreads starting from 1 pip, with a commission of $5 on forex trading. The Pro account offers tighter spreads starting from 0.5 pips, with a commission of $4.5 on forex. The Raw account incurs lower commission fees of up to $3.5, with spreads as low as 0.0 pips.

Trading Platform

Deposit and Withdrawal

Castle Rock FX does not say clearly whether it charges deposits or withdrawals fees. It provides numerous ways for these transactions, though. Starting a live account calls for a minimum deposit of $5.