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Everything you need to know about trading with RocketX. Cannot find what you need? Our team is one message away.
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Accounts and onboarding
How do I open an account?
Click Open an account, complete the short online application and verify your identity. Most clients are approved and trading the same day.
What documents do I need to register?
To meet FICA requirements you will need a valid ID or passport and a recent proof of address. Having these ready makes verification quick.
Is there a minimum deposit?
Account minimums vary by account type. Reach out to our team and we will point you to the right account for your strategy and budget.
Can I try RocketX before funding a live account?
Yes. Open a demo account to practise on the real platform with virtual funds, then switch to live whenever you are ready.
Which account types are available?
We offer a range of account types across three base currencies, each suited to a different style of trading. Compare them on the account types page.
Do you offer swap-free accounts?
Yes, swap-free (Islamic) accounts are available so that trading can comply with Islamic finance principles. Ask our team to enable one.
Deposits and withdrawals
How do I deposit funds?
You can fund your account with Ozow, Korapay, EFT or Capitec Pay. Most deposits reflect within minutes so you can start trading quickly.
How long do withdrawals take?
Withdrawals are processed promptly. The time to reflect depends on your bank or payment provider, but we work to make it as fast as possible.
Are there any deposit or withdrawal fees?
RocketX keeps funding transparent. Any applicable fees are shown before you confirm, with no hidden charges.
Can I withdraw to a different account from the one I deposited with?
For your security and to meet anti-money-laundering rules, withdrawals are normally returned to the original funding source.
What currencies can I hold?
Accounts are available in multiple base currencies. Choose the one that best matches how you fund and think about your trading.
Markets and platforms
What can I trade?
Forex, indices, commodities, shares and synthetic instruments, all from a single account.
Which platform does RocketX use?
We run on MetaTrader 5, the industry-standard platform, available on Windows, Mac, web and mobile.
Can I trade on my phone?
Yes. Download MetaTrader 5 for iOS or Android and trade your account from anywhere.
What are synthetic indices?
Synthetic indices are simulated instruments driven by a constant volatility model. They trade around the clock and are not affected by real-world news.
When are the markets open?
Forex and most CFDs trade 24 hours a day, five days a week. Synthetic indices are available 24/7. Individual instruments may have their own hours.
Can I use automated strategies or Expert Advisors?
Yes. MetaTrader 5 supports Expert Advisors, so you can run automated strategies on your account.
Leverage, margin and risk
What leverage is available?
Leverage up to 1:1000 is available, depending on the instrument and account type. Higher leverage increases both potential gains and potential losses.
What is a margin call?
A margin call is a warning that your account equity has fallen close to the margin needed to hold your trades. You may need to add funds or close positions.
What happens if I run out of margin?
If equity falls below the required level, positions may be closed automatically (a stop out) to prevent further losses.
Can I lose more than I deposit?
RocketX provides negative balance protection, so you cannot lose more than the funds in your account.
How can I manage my risk?
Use stop-loss and take-profit orders, size your positions sensibly and never risk more than you can afford to lose. See the glossary for the key terms.
Fees and spreads
How does RocketX make money?
Mainly through the spread, and on some account types a transparent commission per trade. Any costs are shown up front.
Are your spreads fixed or variable?
This depends on the account type. Spreads can tighten in liquid market conditions and widen around major news.
Do you charge overnight fees?
Positions held overnight may be subject to a swap, set by the interest-rate difference between the two currencies. Swap-free accounts are available.
Regulation and security
Is RocketX regulated?
Yes. RocketX is an FSCA-authorised financial services provider (FSP No. 52142) and an authorised OTC Derivatives Provider (ODP No. 74) in South Africa.
Is my money safe?
Client funds are held in segregated accounts, kept separate from the company’s own funds.
How is my personal information protected?
We follow strict data-protection and verification standards, and only collect the information needed to meet our regulatory obligations.
Is trading CFDs risky?
CFDs are leveraged products and carry a high level of risk. You should make sure you understand how they work and never trade money you cannot afford to lose.
Help and contact
How do I contact support?
Reach us by live chat, email or phone. Our team is ready to help with anything from onboarding to platform questions.
Do you offer education for new traders?
Yes. Start with the glossary and our blog, and our team can point you to the resources that suit your level.
I am an existing client. Where do I log in?
Use the Client Login link in the top navigation, or go to my.rocketx.io to access your account.