Attention! Stay away from CryptoRocket and protect your funds!

Spread financial intelligence

The Spanish CNMV warned against CryptoRocket in Feb 2022. The offshore entity CryptoRocket Limited in St. Vincent & The Grenadines, incorporated in Sept 2018, allegedly operates the scheme. Victims can deposit their funds with Bitcoins or via credit and debit card and bank transfer. However, when doing so, one is redirected to Instacoins via a deep integration. The same scammers operating LonghornFX and CedarFX are also behind CryptoRocket with the same white-label mutation and Instacoins.

Key data

Trading nameCryptoRocket
Domain registrarGoDaddy
Legal entityCryptoRocket Limited (SVG)
JurisdictionSt. Vincent & The Grenadines
Attacking languagesEnglish, Spanish
Payment processorInstacoins (https://instacoins.com)
Social mediaInstagram, Facebook
Related scamLonghornFX, CedarFX

The narrative

CryptoFX has more than 3,700 followers on Instagram and some 2,500 friends on Facebook. Like many new broker scams, CryptoFX relies on an affiliate system to motivate victims to acquire even more victims. To this end, the broker provides a portfolio of banners affiliates can use for promotion on social media.

The obscure World Financial Award of Saqs Investment and Amiran Azaladze chose CryptoRocket as one of the winners in the Forex Broker category and listed it in the Hall of Fame. A mockery. Other illegal brokers, such as LonghornFX, CedarFX, and EagleFX, have also been listed in this Hall of Fame. EagleFX has been red-listed by the U.S. CFTC (read report here).

Share information

If you have any information about CryptoRocket, LonghornFX, or CedarFX, its operators, and partners, please let us know through our whistleblower system, Whistle42.

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