Castle Rock FX

Castle Rock FX is a retail forex and CFD broker registered in Saint Vincent and the Grenadines, with a registered address at Suite 305, Griffith Corporate Centre, Kingstown. The company was founded in 2021-04-23 and operates the website castlerockfx.com.

The broker claims to serve a global client base, offering trading in forex, cryptocurrencies, and indices. Its registration in SVG, a jurisdiction known for minimal regulatory oversight, warrants caution for potential traders.

According to our records, Castle Rock FX lists the UK Financial Conduct Authority (FCA) as a regulator. However, the licence status is listed as '—' (unknown), and the licence type is a Forex Execution License (STP). It is critical to note that the FCA does not issue 'Forex Execution Licenses' for retail forex brokers; this suggests the claim may be inaccurate or misleading.

Traders should verify any regulatory claims directly on the FCA register. The absence of a verifiable regulatory licence from a reputable authority places the broker in a high-risk category. FXCanary's Scam Risk Score of 55/100 (Elevated) reflects these concerns.

Castle Rock FX offers four account types tailored to different trader profiles. The STANDARD account requires a minimum deposit of $5 and offers leverage up to 1:1000, appealing to beginners or those with small capital. The AUTO account has a $200 minimum deposit and a maximum leverage of 1:500, likely featuring automated trading capabilities.

The RAW SPREADS account also requires $200 and offers 1:500 leverage, presumably with tighter spreads and a commission structure. The PRO account starts at $100 and also provides 1:500 leverage, aimed at more experienced traders. All accounts offer leverage up to 1:500, with the STANDARD account offering an exceptionally high 1:1000 leverage, which significantly amplifies both potential gains and losses.

The broker provides trading across three asset classes: forex, cryptocurrencies, and indices. This limited product range may suit traders focused on these markets but restricts diversification compared to brokers offering shares, commodities, or ETFs.

The exact number of currency pairs, crypto tokens, and index CFDs is not specified in our known facts. Traders should check the broker’s website for a full list of available instruments and note that cryptocurrency trading carries high volatility and regulatory risks.

Castle Rock FX maintains presence on Instagram, LinkedIn, and Twitter/X. These channels may be used for marketing, education, or customer engagement, but the activity level and follower counts are not available from our records.

A strong social media presence can indicate a legitimate operation, but it is not a substitute for regulation. Traders should use these platforms to gauge the broker's transparency and responsiveness.

The minimum deposit requirements vary by account type: $5 for STANDARD, $100 for PRO, and $200 for AUTO and RAW SPREADS. No information is available on accepted payment methods, withdrawal policies, or non-trading fees such as inactivity or commission charges.

Traders should review the broker's terms and conditions carefully before funding an account. The lack of transparent fee information is another factor contributing to the elevated risk score.

Castle Rock FX appears to target both novice and experienced traders through its range of account tiers. The low-entry STANDARD account may attract beginners, while the higher-leverage PRO and RAW SPREADS accounts cater to more active or professional traders.

However, given the lack of clear regulation and the SVG registration, this broker is best suited only for experienced traders who fully understand the risks of trading with an unregulated entity. Conservative traders and those seeking regulatory protection should avoid this broker.