What is CastleRock FX?
CastleRock FX is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2021. It offers leverage up to 1:500, spreads from 0.0 pips and a minimum deposit of $5. Clients trade on MetaTrader4 and MetaTrade5 for Android, iOS, Windows, and MAC and on mobile.
CastleRock FX is an online trading broker that trades on the Forex, Indices, Commodities, Cryptocurrencies, US Shares, EU Shares, and UK Shares. This broker is based on the MetaTrader4 and the MetaTrader5 platform. Both MT4 and MT5 have software for iOS, Android, Windows, and MAC. This broker is also providing webtrading service despite having trading software. This broker has more than a thousand trading instruments.
This broker is providing trading services through four types of accounts named Standard, Pro, Raw Spread, and Auto account. All of these accounts have a different level of minimum deposit and come with various features/facilities. All these accounts are fifth decimal supported. All these four accounts get market execution. All the variables on the accounts are discussed below:-
- The Standard Account:- This account starts with only a $5 minimum deposit. The spread in this account starts from 0.1 pips. The maximum leverage in this account is 1/1000*. The Margin call in this account is 40% and the stop-out level in this account is 10%. The commission for Forex pairs in this account is $5.
- The Pro Account:- The minimum deposit required in this account is $2000. The spread in this account starts from 0.7 pips. The maximum leverage in this account is 1/500*. The margin call in this account is 50% and the stop-out level in this account is 20%. The commission for Forex pairs in this account is $45.
- The Raw Spread Account:- This account requires a minimum deposit of $5000. The spread in this account starts from 0.0 pips. The maximum leverage in this account is 1/500. The commission for Forex pairs in this account is $35.
- The Auto Account:- This account starts from $200 of funding. The spread in this account starts from 1.0 pips and the maximum leverage in this account is 1/500. There is no commission for Forex pairs in this account.
Is CastleRock FX safe and regulated?
CastleRock FX is regulated by CastleRock FX has no regulatory of its own. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Offshore regulation is also the reason the broker can offer leverage up to 1:500 and trading promotions, which tier-1 regulators restrict for retail clients.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
CastleRock FX account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $5 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
CastleRock FX provides MetaTrader4 and MetaTrade5 for Android, iOS, Windows, and MAC, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:500 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
CastleRock FX supports 6 funding methods, including Visa, MasterCard, Maestro, Neteller, Skrill, and WireTransfer. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
CastleRock FX bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current CastleRock FX promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the CastleRock FX website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
CastleRock FX pros and cons
Pros
- High leverage up to 1:500
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 6 deposit methods
Cons
- Only offshore regulation
- No investor compensation scheme
- No Islamic account listed
How to open a CastleRock FX account
- RegisterVisit the CastleRock FX website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $5 with Visa, MasterCard, Maestro or another method.
- Start tradingLog in to MetaTrader4 and MetaTrade5 for Android, iOS, Windows, and MAC or the mobile app and set your risk per trade.
Is CastleRock FX a good broker? Our verdict
CastleRock FX suits active traders who want high leverage, raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.