Rocket Consultant Group

Is Rocket Consultant Group Scam or Legit Broker?

It is not safe to trade with Rocket Consultant Group as the broker is suspected to be a scam. There is not much information about the broker's registration, however, Rocket Consultant Group states to be located in Switzerland while it does not hold a license from the local financial authority.

• This means, that Rocket Consultant Group is an unregulated broker and it is not entitled to provide financial services in the country. It is very dangerous to invest with unregulated brokers, as it is not clear how they lead their business, and if traders are protected with them. 

What is Rocket Consultant Group?

Rocket Consultant Group claims to provide an online trading platform for Forex, Contracts for Difference, and options. The broker doesn't provide much information about its trading conditions or regulation. It claims to have its main office in Zurich, Switzerland, and offices in Panama, Germany, and Hong Kong. However, the company is not regulated or authorized in any of these countries.

• Forex and CFD brokers must be registered with regulatory institutions, which ensures every trader's to be segregated and protected, in case a licensed broker becomes bankrupt. Besides, brokers will need to comply with different regulations, depending on the country and regulator.
  Moreover, the British Columbia Securities Commission has issued a warning against Rocket Consultant Group Ltd.:

"We recently became aware of RCG and that it had accepted funds from a British Columbia (BC) resident to trade with the company. RCG is not registered to trade in, or advise on, securities or exchange contracts in BC."

Rocket Consultant Group Review Conclusion

Well-respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated by the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

Rocket Consultant Group Update

We found that the Rocket Consultant Group website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.