Rocketgain review – is a scam or safe?

Rocketgain review – is a scam or safe?

Rocketgain Key Facts

🔴 Rocketgain offers questionable investment opportunities – a clear sign of a scam!

🔴 Rocketgain is quite coy with crucial contact information – beware!

🔴 Rocketgain lacks any license for the provision of its services – a huge red flag!

🔴 Rocketgain’s domain has been registered extremely recently – another off-putting detail!

Rocketgain products and services

Rocketgain is a rather simple scam – it offers profit rates of upwards of 3% within a week – this is clearly not something it can do. Instead, it is simply trying to steal your deposits.

People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.

Rocketgain company and regulation

Rocketgain is not a licensed company – not once is regulation even mentioned on its website. This eagerness to operate illegally is quite troubling.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

Rocketgain address and contacts

Rocketgain is a scam, so it does not provide any sort of tangible contact information – not a single detail like an address or a phone number is even mentioned. There is no way to actually reach the company – another major red flag.

Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.

Rocketgain website info

Rocketgain’s website has been online for a week – it has been registered on the 19th of March. This is the reason that does not even pick it up – we have no clue as to which IP address it is hosted on. One thing we do know, however, is that recent and low-traffic websites are often the homes of scammers – and Rocketgain does not get enough traction to even be listed on SimilarWeb, so you know it’s quite obscure. Finally, the owners of the domain have concealed their identities – they cannot be located using a WhoIs lookup, which is one more breach of the standards of transparency we have outlined above.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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