Rocket 21 – Firm Review
- Superior market access for traders
- Fast execution with minimal slippage
- Global markets at your fingertips
- Competitive fees benefit your profits
- Stellar support whenever you need
Company Overview
Rocket 21 is an innovative prop trading firm offering traders the opportunity to access substantial capital without the typical financial risks associated with trading. Founded with a mission to empower both novice and experienced traders, Rocket 21 provides a structured path to becoming a funded trader through its challenge programs. The company stands out with its two-phase evaluation processâthe Challenge Phase and Verification Phaseâdesigned to identify disciplined traders who can consistently generate profits while managing risk effectively. Upon successful completion, traders gain access to funded accounts with competitive profit splits. Rocket 21’s transparent rules, reasonable profit targets, and flexible trading conditions have made it a popular choice in the prop trading industry. With robust trading infrastructure and support for multiple financial markets, Rocket 21 creates an environment where skilled traders can thrive without risking their own capital.
Key Features at a Glance
Challenge Fees
- Standard Challenge Fee – One-time payment ranging from $99 to $999 depending on account size
- Professional Challenge Fee – Premium option with more flexible trading conditions, priced slightly higher than standard challenges
- Discount Opportunities – Periodic promotions and discounts available for both new and returning traders
- Free Retake – Available under specific conditions if you fail to meet the challenge requirements
Account Types
- Standard Challenge Account: Entry-level option with balanced profit targets and risk parameters, suitable for most traders
- Professional Challenge Account: Enhanced flexibility with more lenient trading conditions for experienced traders
- Funded Account: Achieved after successful completion of both challenge phases, with real capital provided by Rocket 21
- Scaling Account: Opportunity to increase account size based on consistent performance metrics
Profit Split Options
- Standard Split: 70/30 profit split with 70% going to the trader and 30% to Rocket 21
- Performance-Based Scaling: Opportunity to increase profit share up to 80% based on consistent trading performance
- First Payout Bonus: Special incentive structure for traders receiving their first profit distribution
- Loyalty Program: Enhanced profit splits for long-term traders with sustained performance
Account Sizes
- $10,000 Account: Entry-level option with the lowest challenge fee, ideal for beginners
- $25,000 Account: Mid-tier option balancing cost and trading capital
- $50,000 Account: Popular choice offering substantial trading capital with reasonable challenge fee
- $100,000 Account: Advanced option for experienced traders seeking larger position sizes
- $200,000 Account: Premium tier with maximum trading capital for professional-level traders
Trading Platforms
- MetaTrader 4 (MT4): Industry-standard platform with extensive charting capabilities and automated trading support
- MetaTrader 5 (MT5): Advanced platform with enhanced features including more timeframes and analytical tools
- TradingView Integration: Compatibility with popular web-based charting platform for more flexible trading experience
- Mobile Trading: Dedicated mobile applications for iOS and Android devices enabling trading on the go
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Access to gold, silver, oil, and other popular commodity markets
- Cryptocurrencies: Major digital currencies including Bitcoin, Ethereum, and other altcoins
- Stocks: Select stocks from major global exchanges with reasonable commissions
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $200,000 in trading capital after successful completion of the challenge program
- Scaling: Account size can be increased by up to 25% after each profitable month, with potential to double initial allocation
- Trading Competitions: Monthly competitions with cash prizes and increased profit splits for top-performing traders
- Free Trial: 7-day demo challenge available for new users to test the platform before committing to a paid challenge
- Profit Targets: Reasonable profit targets of 8-10% for Challenge Phase and 5% for Verification Phase, with no time limits
- Drawdown Structure:
- Daily: 5-6% maximum loss allowed from the starting balance on any trading day
- Maximum: 10-12% overall drawdown limit from initial account balance
- Trailing: Not implemented, fixed drawdown limits apply to starting balance only
Trading Rules and Requirements
- No overnight holding restrictions; positions can be held through weekends and holidays
- News trading is allowed, but proper risk management must be maintained
- Minimum 5 trading days required during both Challenge and Verification phases
- Maximum allowed leverage of 1:100 for forex pairs and 1:20 for indices and commodities
- No restrictions on trading strategies, including scalping, day trading, and swing trading
- No more than 5% of account balance can be risked on a single trade
- EAs (Expert Advisors) and automated trading systems are permitted
- No hedging restrictions; multiple positions in the same instrument allowed
Company Information
- Founded in 2021, Rocket 21 has rapidly established itself in the prop trading industry
- Headquarters located in London, UK with additional operational offices in Asia and North America
- Customer support available 24/5 via live chat, email, and phone
- Educational resources include daily market analysis, webinars, and trading strategy guides
- Regulated by relevant financial authorities with full compliance with international standards
- Transparent company structure with information available on the official website
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Cryptocurrency (Bitcoin, Ethereum) (1-24 hours)
- Wise (formerly TransferWise) (2-3 business days)
Trading Commissions
- Forex pairs: Standard market spread plus $7 per lot round turn
- Indices: $4-$6 per contract depending on the specific index
- Commodities: $4-$8 per contract depending on the commodity type
- Cryptocurrencies: 0.1% per side (0.2% round turn)
- Stocks: $0.02 per share with a minimum of $1 per trade
IP Rules
- Maximum of 2 different IP addresses allowed during the challenge phases
- Changing location requires prior notification to support team
- VPN usage is permitted but must be registered with Rocket 21 before trading
- Multiple accounts from same IP are allowed for family members or trading teams after verification
- Login attempts from suspicious locations may trigger temporary account restriction pending verification
Unique Features
Trader Support
- Personal trading coach assigned to funded traders
- Weekly performance review sessions with trading analysts
- Advanced trading psychology workshops
- Private community forum for strategy sharing and discussion
Technical Advantages
- Ultra-low latency servers for high-frequency trading strategies
- Advanced risk management dashboard with real-time metrics
- Proprietary trading indicators exclusive to funded traders
- Customizable trading interface with multiple workspace configurations
Why Choose Rocket 21?
Rocket 21 stands out in the competitive prop trading industry by offering a balanced approach to trader evaluation with realistic profit targets and reasonable risk parameters. Their focus on trader success is evident through their comprehensive support system and educational resources.
Key advantages include:
- No time limits on challenge completion, allowing traders to develop their strategies at their own pace
- Competitive profit splits starting at 70% with scaling opportunities up to 80%
- Transparent rules with no hidden restrictions or sudden rule changes
- Fast payout processing with multiple withdrawal options
- Scaling program that rewards consistent performance with increased account size
- Comprehensive educational resources to support trader development
- Flexible trading conditions that allow for various trading styles
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends entirely on your trading performance. Since Rocket 21 doesn’t impose time limits on either the Challenge or Verification phases, you can progress at your own pace. Typically, skilled traders complete both phases within 1-3 months, but there’s no pressure to rush. Once you’ve successfully completed the Verification phase, account setup and funding typically takes 1-2 business days.
Can I hold positions over the weekend?
Yes, Rocket 21 allows traders to hold positions over weekends and holidays. There are no restrictions on holding duration, giving you the flexibility to implement swing trading strategies or hold positions for extended periods. However, it’s important to manage your risk appropriately considering potential weekend gaps or volatility when markets reopen.
What happens if I break a rule?
If you break a trading rule, the consequences depend on the severity and nature of the violation. Minor infractions typically result in a warning, while serious violations like exceeding maximum drawdown limits will result in immediate account termination. In some cases, Rocket 21 may offer a one-time reset option for an additional fee. It’s always best to contact the support team immediately if you believe you’ve violated a rule or if you’re uncertain about any trading parameters.
Can I trade news events?
Yes, Rocket 21 allows trading during major news events and economic releases. Unlike some prop firms that restrict trading during high-impact news, Rocket 21 gives traders the freedom to capitalize on market volatility. However, they strongly recommend using proper risk management techniques during these periods due to potential slippage and wider spreads. Their platform provides an economic calendar to help traders prepare for upcoming news events.
How often can I withdraw profits?
Funded traders can request profit withdrawals once per month, typically after the monthly performance evaluation. The minimum withdrawal amount is $100, and there is no maximum limit beyond your available profits. Withdrawal requests are processed within 1-2 business days, with actual receipt times varying based on the payment method selected. Regular withdrawals don’t affect your account balance for trading purposes, as Rocket 21 resets the account to the original funded amount after each profit distribution.
