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Castle Rock FX -

Score

1.45 /10
Danger

Castle Rock FX

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

https://www.castlerockfx.com

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.51

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

CR Markets, LLC

Company Abbreviation

Castle Rock FX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 612233) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

They cheated me

I withdrew $5400 from this platform as the pictures showed. But all of it was gone and I did not receive anything. In my account, there was no withdrawal. I deposited 73,914 pesos. Help.

2021-10-20 06:45
Severe Slippage

Market manipulation

I placed a trade with a stop loss I passed it approximately 240 pips I closed in negative in the same trade in another broker I closed in positive market movements very exaggerated in relation to other platforms.

2023-01-28 00:58
Unable to Withdraw

my requested withdrawal was not successful

request the withdrawal of all the capital 1,870 USD, from January 10 I contacted the broker and they told me that the withdrawal is effective from 1 to 5 business days I did not arrive in that period of time, then I contacted him again broker they tell me that they have had problems with the payment processor that at the end of the week they disbursed and they didn't. effect the disbursement correctly moment the withdrawal was never made effective the withdrawal

2023-01-21 14:39
Unable to Withdraw

I REQUEST FOR THE WITHDRAWAL OF MY FUNDS BUT I NEVER ARRIVED

I requested the first withdrawal of 80 USD on January 6 of this month and it never arrived, it took one business day to make the withdrawal. I canceled that withdrawal and requested the withdrawal of all of my funds, 1,870 USD. From the 10th January I contact the broker and they told me that the withdrawal effective dya is from 1 to 5 business days. It's also never arrived in that period of time, so that, I contact the broker again. They told me that they have had problems with the payment processor, they already disbursed at the end of the week. But they didn't. I contacted again and they never answered me. I contacted the accessor via Whatsapp, they never answered me, they never gave me any reason, at the moment the withdrawal was never made effective.

2023-01-21 04:31
Resolved

SCAMMERS

I started working with them in May 2022, they fired me on December 28, 2022 and they still haven't paid my compensation !!!!!!!!! Clients have had a lot of money gone from their accounts.

2023-01-23 21:19
Unable to Withdraw

unable to withdraw for long

I've sent numerous emails to their customer service over the last two months, but they haven't really responded; instead, they keep saying that the finance team needs to verify the account. I knew I needed help right away, which is why I complained to Cyb3rnub,net. Account verification, in my opinion, is just a ruse to hold my money, but they weren't that clever, therefore I would advise people to be very careful with their investments and outwit them.

2023-01-26 19:51
Resolved

They haven't processed my withdrawal yet Castle Rock

On December 09, 2022 I requested a withdrawal for $96038 USD and at the beginning of January 2023 it had not been processed, they informed me that they had problems with the crypto payment processor, which they were solving. I returned the money to trade again, however hpy I just requested again the withdrawal of the total of my capital $191522.42 USD, waiting for them to process the withdrawal. By contacting the broker's support I know that they have not yet solved the problem and that they have several pending withdrawals to be executed.

2023-01-25 08:57
    Castle Rock FX · Company summary
    Castle Rock FX Review Summary
    Founded2020
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationFCA （612233）
    Market InstrumentsForex (65+ pairs), Cryptocurrencies (40+), Commodities, CFDs (325+), Precious Metals, Stocks, Indices
    Demo Account/
    LeverageUp to 1000:1
    SpreadStarting from 0.0 pips
    Trading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Trading
    Min Deposit$5
    Customer SupportEmail: info@castlerockfx.com

    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

    Pros Cons
    High leverage—up to 1000:1Limited spread and cost information
    Backs MT4 and MT5 systems.No customer support choices
    Provides several asset kinds for trading.No demo account

    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.

    Regulatory StatusSuspicious clone
    Regulated byFCA (Financial Conduct Authority), United Kingdom
    Licensed InstitutionCXM Trading LTD
    Licensed TypeStraight Through Processing (STP)
    Licensed Number612233
    Is Castle Rock FX Legit?

    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.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Cryptocurrencies✔
    CFD✔
    Indexes❌
    Stocks❌
    ETF❌

    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

    Trading PlatformSupported Available Devices Suitable for
    MetaTrader 4 (MT4)✔PC, MobileAll traders
    MetaTrader 5 (MT5)✔PC, MobileAdvanced traders

    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.

    MethodDepositWithdrawalMin. DepositFeesProcessing Time
    Bank Wire (SWIFT)✔✔Not specifiedNot specified3-5 business days
    Bitcoin✔✔Not specifiedNot specifiedInstant
    Ether/Ethereum✔❌Not specifiedNot specifiedInstant
    Fair Pay✔❌Not specifiedNot specifiedInstant
    PayRetailers✔✔Not specifiedNot specifiedInstant
    Tether (USDT)✔✔Not specifiedNot specifiedInstant

    User Reviews

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    User comment

    9

    Comments

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    OrionZigg 80923
    more than one year
    I feel so confused. Castle Rock FX is illegal??? I traded it often last year, and I didn't meet any big problems, even withdrawals—fast!
    I feel so confused. Castle Rock FX is illegal??? I traded it often last year, and I didn't meet any big problems, even withdrawals—fast!
    Translate to English
    2024-08-07 13:56
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    True Trader Max
    more than one year
    My girlfriend opened an account with $10,700 USD with this broker and overnight the money disappeared. Avoid this FRAUD company at all costs.
    My girlfriend opened an account with $10,700 USD with this broker and overnight the money disappeared. Avoid this FRAUD company at all costs.
    Translate to English
    2023-02-02 07:04
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    7