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Score

1.40 /10
Danger

RedRock FX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.redrockfx.com

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Score

Regulatory Index0.00

Business Index6.17

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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RedRock FX · Company summary
RedRock FX Review Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex pairs and CFDs on stocks, indices, commodities and cryptocurrencies
Demo Account✅
Leverage1:400
EUR/USD SpreadFrom 0.1 pips
Trading PlatformMT4
Copy Trading✅
Min Deposit$100
Customer SupportEmail: 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.

RedRock FX‘s homepage

Pros and Cons

Pros Cons
Various trading choicesNo regulation
Multilingual supportNo 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.

No results from the FCA

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❌
What Can I Trade on RedRock FX?

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 TypeMin DepositMax LeverageSpread
Standard $1001:10000.3 pips
Crypto Collateral $5,0001:5000.5 pips
Redrock FX VIP$20,0001:4000.1 pips
Redrock FX STP $5,0001:5000.6 pips
Redrock Pamm$2,0001:10000.5 pips
Account Type
Account comparison

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.

Trading PlatformSupported Available Devices Suitable for
MT4✔Web and APPBeginners
MT5❌/Experienced traders
MT4

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蔡彥彥
more than one year
RedRock FX's claims about copy trading are a total joke. They advertised a 700% profit rate over a year, but I lost hundreds of dollars in just one month of using their copy trading service. It's a total irony, isn't it? Their marketing strategy may have hooked me in, but the reality of their platform was a complete letdown.
RedRock FX's claims about copy trading are a total joke. They advertised a 700% profit rate over a year, but I lost hundreds of dollars in just one month of using their copy trading service. It's a total irony, isn't it? Their marketing strategy may have hooked me in, but the reality of their platform was a complete letdown.
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2023-03-29 10:15
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A葉子
more than one year
RedRock offers a broad range of pairs and assets like cryptos with decent leverage options, running on MT4. It's also very easy to operate from the phone. Overall very impressive.
RedRock offers a broad range of pairs and assets like cryptos with decent leverage options, running on MT4. It's also very easy to operate from the phone. Overall very impressive.
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2023-02-15 18:18
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