Rocket21 Challenge offers simulated trading accounts ranging from $5K to $300K with a profit split of up to 90%. The prop firm supports Crypto and Bank wire payouts on a bi-weekly basis.
The maximum total drawdown, daily loss limit, and first profit target are 10%, 5%, and 8%, respectively.
Rocket21 Challenge; Prop Firm Information
Rocket21Challenge LLC. is a prop trading firm registered in the USA.
Founded in June 2022, The Delaware-based company has 50K+ traders across 7+ countries. Key features of Rocket21:
- Profit split of up to 90%
- Leverage options of 1:100
- Virtual accounts with a balance ranging from $5,000 to $300K
- Scaling options of up to $2M
Rocket21 Challenge Table of Specifications
The prop firm offers bi-weekly payouts and no time limit on its accounts. Let’s examine the R21-specific features.
Account currency | USD |
Minimum price | $59 |
Maximum leverage | 1:100 |
Maximum profit split | 90% |
Instruments | Forex, Metals, Indices, Crypto, Oil |
Assets | N/A |
Evaluation steps | 1-Step, 2-step |
Withdrawal methods | International Bank Transfer, Crypto |
Maximum fund size | $2M |
First profit target | 8% |
Max. daily loss | 5% |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 10% |
Trading platforms | DXtrade, TradeLocker |
Commission | Variable based on the instrument |
TrustPilot score | 3.9 |
Payout frequency | Bi-weekly |
Established country | The United States |
Rocket21 Challenge Prop Firm Upsides and Downsides
The company provides a simulated trading environment, allowing users to trade without risking their capital and train in the meantime.
Pros | Cons |
No time limits | Lack of comprehensive educational resources |
High profit split of up to 90% | Copy trading restriction |
Affordable evaluation fees starting at just $59 | Higher than average Forex commission ($7) |
Innovative "Revive" option | Geo-restrictions |
Challenge Pricing
Rocket21 offers 3 funding models with a wide range of account balances for different budget levels, including:
Account Balance | Standard | Swing | Apollo 11 |
$5K | $79 | $79 | $59 |
$10K | $139 | $139 | $119 |
$25K | $249 | $249 | $199 |
$50K | $349 | $349 | $299 |
$100K | $549 | $549 | $499 |
$200K | $939 | $939 | $939 |
$300K | $1,399 | $1,399 | $1,250 |
Traders participating in 2-step challenges are eligible for the “Revive” program. This feature allows them to restart their phase 2 account if it is breached for a fee ranging from $113 to $2,332.
Challenge Rules and Conditions
Rocket 21 takes a flexible approach to trading strategies and allows for news trading (on Standard evaluation phases and Swing challenge) and weekend holding (only on Swing Challenge).
Let’s examine other Rocket21 Challenge rules.
Features | Standard (2-Step) | Swing (2-Step) | Apollo 11 (1-Step) |
Trading Period | Unlimited | Unlimited | Unlimited |
Min Trading Days | 5 / 5 / 5 | 5 / 5 / 5 | 3 / 3 |
Max Leverage | 1:100 | 1:30 | 1:30 |
Max Daily Loss | 5% / 5% / 5% | 5% / 5% / 5% | 3% / 3% |
Max Total Drawdown | 10% / 10% / 10% | 10% / 10% / 10% | 6% / 6% |
Profit Target | 8% / 5% | 8% / 5% | 9% |
Payout Frequency | Bi-weekly | Bi-weekly | Bi-weekly |
Profit Split | 85% (90% with Scaling) | 85% (90% with Scaling) | 80% |
Rocket21 Challenge Prop Firm Promotions
The firm has implemented a comprehensive affiliate service. The affiliate program features a 4-tier system offering up to 20% commissions from sales, 10% discounts for traders, and a $2,000 cash bonus.
The company also offers seasonal discount codes to incentivize potential clients.
At the time of writing this Rocket21 Challenge review, there are 3 active promotions, including:
- New Year: 10% off + 110% bonus via the coupon code “PERIHELION10”
- Revival: 20% off on account restarts via the coupon code “WOLFMOON20”
Rocket21 Challenge Trading Assets
R21 enables traders to use any trading instrument available on its platforms, from Forex to Cryptocurrencies.
However, the firm only offers Raw Forex pairs.
- Forex (leverage of up to 1:100)
- Metals (leverage of up to 1:30)
- Oils (leverage of up to 1:30)
- Indices (leverage of up to 1:20)
- Crypto (leverage of up to 1:1)
Payment Options
The firm serves a global clientele and offers 2 main payment methods to cater to its wide range of traders, including:
- Funding: Crypto (CoinPayments) and Credit/Debit Cards (Merchant Warrior)
- Withdrawal: Crypto and International Bank Transfer
Payout requests are typically processed within 24 hours if submitted before 4 PM EST.
Trading Commissions
Rocket21 Challenge has implemented a transparent commission structure. However, it hasn’t disclosed any data about spreads on its website.
Trading commissions on R21:
Asset Type | Commission |
Forex | $7 |
Metals | $3 |
Indices / Crypto/ Oil | $0 |
Trust Score
User satisfaction is one of the most essential topics in this Rocket21 Challenge review. The firm is featured on TrustPilot and has garnered numerous comments, mostly positive.
Rocket21 TrustPilot profile has 5,037 reviews, 76% of which are 4-star and 5-star. As a result, it has gained a great score of 3.9 out of 5.
Rocket21 Challenge Prop Firm Customer Support
The company boasts 24/7 support through multiple channels, including a hotline and ticket system.
Support21@Rocket21Challenge.com | |
Tel | 754-223-9237 |
Ticket | Through the “Contact Us” page |
Live Chat | Available on the official website |
Rocket21 Challenge Prop Firm Social Media Handles
The firm has held tours across 7 countries, including the USA, Puerto Rico, Spain, England, Peru, Colombia, and the Dominican Republic.
It also maintains an active presence on social media to stay connected with its community of traders.
Expert Suggestions
Rocket21 Challenge provides access to 5 asset classes, including Forex and Crypto. While Crypto trading is free of commissions, Forex pairs incur a $7 fee.
The prop firm offers leverage options of up to 1:100. It has 50K+ users and a TrustPilot score of 3.9.
