Rock West Review: Learn More About This Broker

As freshly registered in 2019, this broker operates worldwide in FX and CFD trading waters. However, the company with such a bad website claims to offer high-end trading services. Where precision and reliability is the key.

On top of all, the company already earned multiple negative reviews. Mainly talking about potential issues with this broker. Find out more in this latest Rock-West review.

Who Is Rock West Broker?

The Rock West broker operates under the flag of MAIV Limited. The company was incorporated first time in Seychelles in 2019. As can be seen, the company holds a necessary domestic license. However, they have activities outside of the domestic country.

This leaves the question if the broker has authorization to provide services anywhere else. Let’s find out where else the Rock-West.com  broker operates.

         Rock West Regulation and Security

Generally speaking, traders rarely rely on offshore regulations. Primarily because those don’t have high-end protection. Unlike ones with FCA, BaFin, ASIC, IIROC or CFTC. For convenience, we checked those registers and the Rock West broker was found nowhere. However, they are listed with the FSA of Seychelles.

Thus, that license doesn’t require a broker to have some important funds protection features. Such as: 

• Negative balance protection
• Guaranteed stop-loss
• Segregated bank accounts for deposits
• Compensation scheme
• Liquidity provider

Besides, none of these aspects is covered on the brokers’ website. Anyway, here you can check the FSA register.

https://fsaseychelles.sc/regulated-entities/capital-markets

Rock West Broker Profile

The first thing that you notice is that the Rock West login option is quite sketchy. You can’t get access to the trading software without registration. Besides the proprietary platform, they offer allegedly MT5 software. Unfortunately, you are not able to get access to it unless you sign up with them. This is quite unacceptable for regulated brokers.

On top of that, the company has hidden fees and commissions. Nothing particular is revealed which leaves more than enough room for potential issues. On top of that, there is leverage of 1:2000. Without negative balance protection you can get into real debt on your trading account. Have in mind that Tier 1 licensed brokers can only give you 1:30 leverage. Not without a reason for sure.

         Rock West Promotions

As for the Rock West bonus, we were left without information. As can be seen, there is no bonus or withdrawal policy. Thus, the broker promotes “Introduce broker” and affiliate partnership programs. These are designed to help them grow their community. Of course, partners are rewarded somehow, but not clarified specifically how. Whether it’s cash money or funds on the trading account.

Important to realize is that the broker didn’t finish it’s website pages regarding the platform and markets. But they must get more clients. To avoid being lured by risky and shady offers, expand your knowledge about the brokers. Therefore, we invite you to check our LCG London Capital Group and SVK Markets reviews.

Rock West Traders Reviews – Sharing Experiences

As can be seen, Trustpilot doesn’t reveal much about this broker. However, other Rock West broker reviews reveal the shocking truth. Many traders already reported potential withdrawal issues. In general, it’s not rare that the broker with offshore regulation has withdrawal issues.

It shouldn’t be happening and that’s why we always recommend working with a Tier 1 licensed broker. If you want to know which ones are trusted, get in touch with our team.

https://www.wikifx.com/en/dealer/3745824207.html

How Rock West Finds Customers?

Brokers that lure traders only for their money are capable of everything. From chasing through social media, placing aggressive ads and even contacting them directly. Additionally, Rock West broker uses an affiliate program. However, all these affiliate programs look like a classic MLM scheme. Unfortunately, we can’t confirm if that’s the case with Rock West broker.

Through the research, we found that their customers mainly come from

• United States
• Canada
• Mexico
• India
• Vietnam

Thus, there are no licenses of any trusted regulator in the US or Canada. Considering everything mentioned so far, their customers should think wisely before choosing a broker. Let our professional team assist you at least with an understanding of the pros and cons. Ultimately, the decision is yours. However, it’s important to know where to look. Get in touch today and book your first consultation for free!

Rock West Funding and Withdrawal Method

Funding methods promoted with Rock West broker are another interesting topic. Their main options are two Indian payment providers. Important to realize that all other options are irreversible. Let’s first mention them all:

• UPI (Indian wire transfer)
• PayTM (Indian wallet)
• Skrill
• Neteller
• Swift/SEPA

According to the broker, all deposits and withdrawals are commission free. Many of the methods are processed immediately, except for Swift/SEPA which takes up to 3 days. But after reading Rock West broker reviews there are doubts about their withdrawal procedures.

Primarily because the broker doesn’t have a transparent withdrawal policy. Before you get deeper into paranoid situations you can refund all the funds deposited and find a Tier 1 licensed broker.

Our Safe Trading Experts’ Final Words About Rock West Broker

In general, there are too many irregularities with this broker. Starting with loose regulations and mystic trading software explanation. Obviously, the broker wants your contact information first. But be sure that once you leave it, you’ll get contacted by their agents. On top of all, the broker doesn’t provide any funds protection features. Practically, everything goes against you here.

In addition to that, many negative reviews are pointing to potential withdrawal issues. Avoid headaches just by being patient. Instead of rushing to make a decision, you should review your other options. Our specialized team can guide you through some offers and present you with the difference between good and bad brokers. But also help you in the fund recovery process if needed.

Most importantly, our consultations are non-obligatory and free of charge. Book yours already today and start a joyful trading journey.

FAQ Section