We welcome skilled traders
We do not allow cheating
Furthermore, account management by a third party, such as "pass your challenge" or copy trading services is strictly prohibited and will result in the rejection of the accounts and a permanent ban from all Rocket 21 services.
Strategies that are prohibited
Using any of these strategies will result in the breach of the account and possibly being banned from our platform.
High-Frequency Trading (HFT)
High-Frequency Trading (HFT) is a trading strategy that utilizes advanced computer algorithms and high-speed telecommunications networks to execute large numbers of trades in a fraction of a second. However, HFT is prohibited as it can lead to market manipulation, create unfair advantages, and cause instability in the market.
Grid trading is a prohibited trading strategy due to the potential risks it poses. It involves placing inverse buy and sell orders of the same instrument with the same or similar risk, which can lead to market manipulation, over-leveraging, market instability and a potential risk-free profit. To avoid large drawdowns and over-leveraging, it is essential to have a well-defined risk management strategy in place.
Account Sharing or Account Sale
Account sharing or account sales is the act of sharing or selling funded accounts from one person to another. This goes against our Terms of Services and will result in being banned from Rocket 21.
It is essential to have a clear risk management strategy in place and to avoid investing all of one's capital in a single trade.
Collusion Between Users
An individual or group of individuals may engage in a trading strategy known as cross-account trading or collusion. This involves opening multiple accounts within a financial institution and placing trades in the same direction (i.e., buying or selling on the same asset across all accounts). This practice is considered a form of market manipulation.
Hedging or Group Hedging Across Multiple Accounts
An individual or group of individuals can employ a trading strategy where they open multiple accounts with a financial institution and place trades in opposite directions (i.e., buy and sell) on the same asset across all accounts called hedging or group hedging. In a real market, this would yield no profit as the positions are hedged in both directions. However, when trading with a prop firm, one account could generate a loss for the firm while the other account could generate a profit, resulting in risk-free profits. The use of this strategy is not allowed and will result in a ban from Rocket 21 and its services.
Use of a Delayed Data Feed
The use of a data feed that has a delay or lag in delivering market data, such as stock prices or trading volumes, gives a trader an unfair advantage over other traders who must use real-time market data. This is considered unethical and is not allowed in the real financial market.
Trading on Delayed Charts
Trading on charts with a delay or lag in their updates is considered unethical and is not in line with the operations of the real financial market.
Use of guarantee of compliance with limit orders (including take profit and stop loss)
The use of a guarantee of compliance with limit orders, such as take profit and stop loss, is prohibited. This is because it can be used to circumvent regulatory restrictions and manipulate the market. Such abuse is enabled by the nature of trading on a simulated platform. Traders may be able to avoid the fills they would have received in the real market, making this strategy non-compliant with the operations of the real financial market.
Trading Activity: Soft Breaches/Warnings
The following are examples of trading behaviors and activities that will result in soft breaches and warnings that can escalate to the breach of your accounts and possible ban from Rocket 21 and its services.
Use of Platform or Data Freezing Due to a Demo Server Error
The use of platform or data freezing due to a demo server error that can lead to unfair advantages and misleads the traders.
If we experience server issues that prevent you from closing trades for stop loss or take profit, we'll see it in our logs and work with affected traders to resolve the issue. To help us address any freezing issues, please take screenshots or screen recordings. If you try to abuse the platform due to a demo server error, this will result in a possible permanent ban from Rocket 21 and its services.
Simulated News Trading
Simulated news trading is a strategy used by traders to capitalize on the market's response to economic or political news and events. This could include interest rate decisions, GDP reports, and political announcements. However, news trading can be risky as the market's reaction to news events is often unpredictable and could potentially lead to significant losses.
To mitigate this risk, Rocket 21 has certain restrictions for Simulated Funded Accounts when trading during significant macroeconomic reports. This includes not being filled at an unrealistic price due to the volatility of the event.