Rockwell Trading – A Legit Trading Guide And Platform?

The Rockwell Trading review deals with this US broker and some key facts regarding its business. Here you’ll read about Rockwell Trading’s legal background and offer.

Be sure to read it carefully and take everything into consideration if you want to trade with this broker. Although Rockwell Trading has received positive reviews, the company seemingly has no license.

Is Rockwell Trading A Legit Trading Platform?

Judging by client reviews, you’d gain the impression that there’s nothing wrong with Rockwell Trading. But let’s address Rockwell Trading’s regulation first.

It can be a major issue since we didn’t find Rockwell Trading Services LLC in the databases of US regulatory bodies.

As you can see, the US Securities and Exchange Commission (SEC) has no registrant by the name of Rockwell Trading Services LLC from Texas, nor is this entity found in the databases of FINRA, the CFTC and the NFA, three key regulatory authorities in the US.

We even checked these registers for the found and CEO of this business, Markus Heitkoetter, and still got nothing.

It’s a bit odd that a company existing since 2005 has not yet registered with the regulators but then again, Rockwell Trading is supposed to serve as a trading course or guide rather than a pure broker.

Nevertheless, please keep in mind that this entity isn’t regulated in the US, or any other country for that matter and that issues may stem from that fact. All US brokers must be registered with the CFTC and NFA.

If you’re from Europe, make sure your provider complies with the regulation of the European Securities and Markets Authority (ESMA). Australian brokers must be registered with ASIC but beware of fraudulent cases such as Ctrl Investments.

Rockwell Trading is a broker from America with a proprietary platform that offers trading guides and services. This company has clients from the United States, the United Kingdom, Canada, Australia, and Germany.

Rockwell Trading’s Platform – PowerX Optimizer

The company offers a proprietary web-based trading platform called PowerX Optimizer. This trading terminal is intended for making stocks and ETFs trading as simple as possible.

PowerX Optimizer’s main strength is that it is straightforward and suitable for both beginners and intermediate traders. Since the platform is now browser-based, it can be accessed via mobile phone as well.

According to this firm website, PowerX Optimizer features a neat algorithm based on modern standards. Rockwell Trading doesn’t support any other third-party software such as MT4, MT5 or cTrader.

What Financial Instruments Does The Platform Include?

Although the company isn’t registered with SEC, it still complies with the regulatory rule that prohibits CFD trading in the US. The broker also doesn’t offer Forex trading.

What you can trade with Rockwell Trading is US & Canadian stocks, options and ETFs, over 18,000. From other sources, we learned that Rockwell Trading also features a total of 140 main cryptocurrencies on its trading roster.

Rockwell Trading’s Countries Of Service

It seems that Rockwell Trading mainly provided services to traders from the most heavily regulated domains in the world. Here’s the list:

• • US;

• • UK;

• • Canada;

• • Germany;

• • Australia.

Again, Rockwell Trading isn’t regulated by any financial market authority, much like shady offshore brokers such as Finpros. Our advice is that you stick to brokers that are licensed by their respective countries’ regulators.

Rockwell Trading’s Coaching Programs

Based on the info on Rockwell Trading’s website, this broker offers two coaching programs to clients. Here’s an overview of what the subscription offers:

• • Rockwell Platinum – 12,000 $ (6 months):
    • • 54 group coaching calls;
        • • 36 check-in calls;

         

        • • 18 fundamental calls;

         

         

     

    • • 18 group strategy calls;

     

    • • 6 4-day virtual group online trading;

     

    • • Trading log;

     

    • • Access to all Rockwell courses (while enrolled);

     

     

• • Rockwell Diamond – 30,000 $ (12 months):
    • • 108 group coaching calls;
        • • 72 check-in calls;

         

        • • 36 fundamental calls;

         

         

     

    • • 36 group strategy calls;

     

    • • 9 4-day virtual group online trading;

     

    • • 3 4-day in person live trading;

     

    • • 12 personal 1�1 calls;

     

    • • Trading log and trading log review;

     

    • • Access to all Rockwell courses.

     

     

On top of those prices, PowerX Optimizer costs 3,997 $. Frankly, it is expensive but clients seem to be satisfied with what they got. Rockwell Trading also offers books and guides:

• • The Wheels Options Trading Strategy – 4.95 $ (one-time fee);

• • The PowerX Strategy: 4.95 $ (one-time fee);

• • The Complete Guide To Day Trading: 14 $.

Is There a Trial?

We didn’t find a trial option on the website. So we guess that Rockwell Trading doesn’t offer a short trial version of its programs.

But, the company seems determined to teach clients how to trade and be profitable. The program prices are high though.

Terms of Use for Rockwell Trading

We read Rockwell Trading’s Terms of Use. Unfortunately, we didn’t find any information about a potential trading license or regulation.

The documents did include the standard items: copyright claim, a payment and refund policy, limitation of liability, and referral program rules. The Terms of Use were last updated on May 19, 2020.

Rockwell Trading’s Referral Partners

Rockwell Trading features a referral program. According to the broker’s referral policy, “for every referral that uses The PowerX Optimizer for 30 days, you will receive $500.”

The referral FAQ section also states that all payments are made via either PayPal or Venmo. If the person you refer through a unique link purchases PowerX Optimizer, he/she gets a 33% discount.

What Should I Do If I Have Problems With Rockwell Trading?

To sum up, Rockwell Trading received many positive reviews but the company has no official trading license, which can be a problem.

If you’re experiencing withdrawal issues or have evidence that Rockwell Trading violated any terms and conditions, please share it with us.

We can assist you in getting your money back if needed. Please book a consultation with us to find out what you have to do.

Book consultations today!