Rock-West

Rock-West Information

Rock-West operates as an online broker based in Seychelles, offering a wide array of trading assets, including forex, indices, commodities, and cryptocurrencies. Rock-West provides traders with the popular MT5 and its proprietary Rock-West platform. On this platform, the spread starts from 0 pips, and leverage is up to 1:2000. However, Rock-West doesn't offer its service to residents from certain areas.

Pros and Cons

Is Rock-West Legit?

Not exactly. Rock-West operates under offshore regulation, meaning traders using this platform lack the investor protections typically provided by major financial authorities.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	The Seychelles Financial Services Authority (FSA)	Offshore Regulated	MAIV LIMITED	Retail Forex License	SD044

What Can I Trade on Rock-West?

Traders on Rock-West get access to market instruments including forex, indices, commodities, and 170+ cryptocurrencies.

Account Type

Rock-West offers Standard, Raw, and an additional VIP Raw accounts on the Rock-West native platform and MT5 for trading CFDs.

• Standard Account: This account type has a lower minimum deposit requirement and offers various benefits such as zero commissions, high leverage, and bonuses.
• Raw Account: This account type has a higher minimum deposit but offers extremely low spreads.
• VIP Raw account: Rock-West doesn't disclose much information about this account type on its website.

Furthermore, Rock-West maintains regular accounts alongside additional account services.

• Demo account: Demo accounts are available on both live accounts for traders to test out this platform without risking real money.
• Swap-free (Islamic) account: Rock-West offers swap-free accounts upon request, available on the Standard account in USD.
• Joint account: Joint accounts are available upon request, and to traders who hold a joint bank account.

This table provides a clear comparison of the features and specifications for Standard and Raw account types.

Leverage

Leverage on this platform is up to 1:2000 and varies based on the account and the asset class.

Fees

Standard accounts feature spreads from 1.4 pips, while Raw accounts offer raw spreads (from 0 pips + commission).

Rock-West charges 0% commission for standard accounts. However, when it comes to Raw accounts, the commission is $8 per lot.

Trading Platform

Rock-West offers both MT5 and its proprietary Rock-West platform.