Who Are Rocket 21 Challenge?
Since its launch in June 2022, Rocket 21 Challenge is quickly emerging as an impactful player amongst prop firms. This provides a unique take on the trading world as they provide simulated evaluation services. Rocket 21 differs by emphasizing allowing traders to validate their abilities in specific markets on a demo simulated account without the financial risk of live trading. Protected by the legal system of Delaware, Rocket 21 has alliances with third-party brokers who are regulated by non-U.S. regulatory authorities. The meticulous choice of regulated partners underlines the commitment of the company to upholding strong compliance, providing protection for its users. This emphasis on partnering with reputable and compliant entities, along with the adoption of various complexity-reducing methodologies, outlines Rocket 21’s dedication to providing a safe space for traders seeking practice experiences in simulated markets from novice step until their strength endures the competencies demanded by challenges like those coming soon later this February.
Raising its flag as more than just another prop trading firm—Rocket 21 Challenge isn’t just a novelty bandaging its simulator excellence Union—it champions not merely through their innovative technologies but also cooperative undertakings, highlighting values defined best in trustfulness, integrity & honesty; standing shoulder-to-shoulder above cutting-edge industrialist support systems available today immensely so!
What Sets Rocket 21 Challenge Apart from Other Futures Prop Trading Firms
What sets this Rocket 21 Challenge apart from other top prop firms is a unique one in which they have taken care of traders’ needs and preferences. Primarily, the firm provides support for various trading instruments such as indices, commodities, forex pairs, and cryptocurrencies that in turn provide traders with a window to diversify their portfolios, thus allowing one an opportunity of benefitting from yields arising out of openings at different financial markets. This adaptability has made it popular with traders of all types and styles in different financial markets.
In addition to its trader-focused mindset, Rocket 21 ensures that the level of customer support provided is next to none, which traders can access any time around the clock. With customer support service available through email or live chat at all hours, the team of professionals is more than willing to help solve any issues faced by traders, catering to a smooth trading journey. The evaluation phase also includes a distinctive virtual risk environment where potential losses are insured by the company. These controllers allow traders to engage with trading but without any actual real-world financial risk, creating a nice learning environment.
The company affords traders flexibility in trading styles such as swing trades, the ability to hold overnight or over weekends, and stop trading if required—features that are not often offered so freely within this realm of prop firms. In addition, the platform is friendly to numerous payment methods such as digital currencies and major credit cards, which makes it easy for traders around the world inspired by company innovation with exchange deposits.
They have a solid scale plan going on Rocket 21, where traders can surprisingly grow their trading account balance all the way up to $2 million. This potential for growth—up to 30% in account balance when qualified—is a huge competitive edge experience traders can find on the platform. Rocket 21 also brings a fresh take on challenge trading, with straightforward rules that serve to identify and back new traders. While these challenges place emphasis on risk management, consistency, and meeting trading rule requirements—all priorities of the firm to cultivate experienced traders—not only receive a fully funded trading account, but they also become part of an active community. Here users share their knowledge, enjoy a collaborative trading experience, and help to build an overarching culture of growth and ongoing education.
The approach of Rocket 21 Challenge, blending innovation with trader-centric policies and community backing as well as significant growth avenues, christens it a notable choice for traders looking forward to moving ahead in their trading careers. The company focuses on the sustainability of its traders, and this can be seen in support systems, review processes, as well as profit-sharing models that reward profitability and control of risk.
What Are the Options For Funded Accounts?
Rocket 21 Challenge provides several options for funded accounts as well as simulated trading evaluations that allow traders to have themed opportunities. This prop trading firm offers two core channels to earn a virtually funded account: the Standard Challenge, best for retail and day traders who are new to expert trading or looking forward to entering the industry professionally, and Apollo11, best suited for experienced traders needing proof of their abilities. The idea of both these challenges is to test the trader in a risk-free environment, and if they can achieve that feat, then access will be granted so they go live with real money. Traders who get funded trading accounts have an option where they can keep from 20-50% of the profits.
Rocket 21 has specific rules for sim accounts. To be within the imposed daily drawdown limit while trading, traders cannot lose more than 5% daily, and to meet the maximum loss capacity, they should not exceed losing 10% of the initial balance. Profitability within these boundaries allows traders to be paid, making them eligible for the first payout 30 days from their first trade on a funded account, with subsequent payments every two weeks.
Additionally, Rocket 21’s scaling plan is very appealing for anyone interested in bolstering their trading account balance. Though the initial plan is great, the Omega Go scaling program is even better—in just three months of trading on a live account, traders can qualify for a balance increase of 30% each time they qualify. This proposal paves the way for increasing the trading account balance up to $2,000,000, which is definitely a great growth opportunity.
These features—the range of funded account offerings, simulated funded accounts, and possible future scaling—speak to Rocket 21 Challenge’s mission: enabling traders to better navigate their financial market journey. Rocket 21 puts new traders in a challenging environment so that they can test their skills and trading strategies while still providing them with all the support necessary to build successful long-term trading careers.
Is Getting Funded on Rocket 21 Challenge Realistic?
Getting funded on Rocket 21 Challenge is indeed a realistic goal for skilled, disciplined, and consistent traders. Trading is evaluated using a systematic approach, including the R21 Challenge and Verification stages, which analyze traders’ abilities to reach profit targets over time without strict modifications. The environment is designed to improve trading success by setting achievable profit targets and allowing plenty of time to trade. This approach aligns with the firm’s commitment to risk management and emphasizes consistency and active participation by requiring traders to trade on multiple days over an extended period. Successful traders have the opportunity to scale accounts, further highlighting the growth potential within the program.
What Brokers Does Rocket 21 Challenge Use?
Rocket 21 has also partnered with well-respected third-party brokers, including Eightcap. This collaboration ensures that the platforms traders engage with are regulated and reliable, offering a safe space for them to execute their trades. The selection of brokers like Eightcap, which strictly complies with regulations and offers robust platform services, reflects Rocket 21’s dedication to providing access to high-quality trading infrastructure.
What Trading Instruments Do Rocket 21 Challenge Offer?
Rocket 21 Challenge allows traders to trade a variety of instruments, including forex, commodities, indices, and cryptocurrencies. This variety enables traders to diversify their strategies across various markets, allowing them to explore different financial instruments. Rocket 21’s broad range of assets caters to a diverse spectrum of trader interests and approaches, enhancing their potential for success in various market environments.
What Are the Rules & Restrictions on Rocket 21 Challenge?
Rocket 21 has established a set of rules for the Rocket 21 Challenge to promote best trading practices and risk management. These rules include numerical requirements such as lot size restrictions, maximum daily loss, and overall loss limits, along with profit targets for both one-step and two-step challenges. The program emphasizes risk management with strict guidelines for profit sharing and offers flexibility in trading activities, such as news trading and weekend holding. These rules ensure that traders maintain discipline and operate within strategic trading practices in this virtual trade environment.
What Leverage Can You Use on Rocket 21 Challenge
At the Rocket 21 Challenge, traders can use leverage of up to 1:100. This level of leverage allows traders to amplify their trading positions and potentially increase profits, though proper risk management remains crucial. The high leverage provided by the program underscores the firm’s intent to offer maximum trader flexibility within stringent risk management guidelines.
Rocket 21 Support and Help
Contact Rocket 21
Email: support21@rocket21challenge.comSocial Media Profiles
- Facebook profile with 2.6k followers
- X/Twitter profile has 11.5k followers
- Discord group has 44k members
- YouTube channel has 33.4k subscribers
- Instagram profile has 121k followers
Rocket 21 Challenge Trust Pilot Reviews
Conclusion
The Rocket 21 Challenge stands out in the prop trading space for its focus on providing traders with a clear path to funding and growth. By partnering with brokers and implementing an intricate evaluation process, Rocket 21 not only identifies but also develops talent through live trading instruments and tools. The firm’s emphasis on impeccable risk management, combined with substantial account scaling, creates a comprehensive environment for traders to sharpen their skills and enhance their trading portfolios. As traders navigate the trials and opportunities of Rocket 21, they are shaped to excel in a structured and supportive environment.FAQ’s
The Rocket21 Challenge is a proprietary trading firm that allows traders to trade with the company’s capital after successfully passing an evaluation process. This prop firm is designed to test and enhance a trader’s skills without risking their own money during the initial stages.
The evaluation process at Rocket21 consists of multiple stages:
- Stage One (R21 Challenge): Traders must achieve an 8% profit target on a demo account with no time constraints.
- Stage Two (Verification): Upon passing the first stage, traders need to reach a 5% profit target, again with no time limit.
- Stage Three (R21 Trader): Successful traders become funded with real capital and can start earning real profits.
The cost varies depending on the chosen account size and funding program:
- Standard Funding Program: Prices range from $79 for a $5,000 account to $1,399 for a $300,000 account.
- Apollo11 Funding Program: Prices range from $119 for a $10,000 account to $939 for a $200,000 account
- In the Standard Program, traders must reach an 8% profit in the first phase and 5% in the verification stage, with a maximum daily loss limit of 5% and an overall loss limit of 10%.
- The Apollo11 Program has a single-phase evaluation with a 9% profit target. Both programs allow for a profit share of up to 80%
Traders are eligible for their first payout 30 days after placing their first trade in the funded account
