Rocket 21 Challenge is committed to providing a transparent and comprehensible simulated commission fee structure, especially designed for newcomers in the trading world. This review details the simulated commission fees and how to access the spreads test accounts.
Simulated Commission Fee Structure
The simulated commission fee structure at Rocket 21 Challenge varies based on the trading instrument and the associated broker:
ThinkMarkets Simulated Commission Fees
- Forex: $7
- Index: $0
- Oils: $0
- Metals: $7
- Crypto: $0
Purple Trading SC Simulated Commission Fees
- Forex: $7
- Index: $0
- Oils: $0
- Metals: $3
Accessing Spreads Test Accounts
To examine the simulated spread conditions, Rocket 21 Challenge provides demo account credentials for both ThinkMarkets and Purple Trading SC:
ThinkMarkets Test Accounts
- Account: ThinkMarkets – 5 Test Account
- Login: 100400324
- Password: bccsdks5
- Server: ThinkMarkets-Demo 2
- Account: ThinkMarkets – 4 Test Account
- Login: 81200002
- Password: kCKo3up
- Server: ThinkMarkets-Demo 2
Purple Trading SC Test Accounts
- Account: Purple Trading SC – 4 Test Account
- Login: 30001460
- Password: iwc4vyJ
- Server: PurpleTradingSC-03Demo
- Account: Purple Trading SC – 5 Test Account
- Login: 6000511
- Password: -0NiAmGh
- Server: PurpleTradingSC-01MT5
Benefits of Demo Accounts for Spread and Commission Analysis
These demo accounts are invaluable for traders looking to understand the impact of spreads and commissions on their trading strategies. The read-only mode provides an accurate representation of trading conditions, helping traders to make informed decisions.
Conclusion
Rocket 21 Challenge provides a clear and straightforward simulated commission fee structure, catering to the needs of both novice and experienced traders. By offering access to demo accounts for spread analysis, the platform reinforces its commitment to transparency and trader education. This detailed overview is crucial for anyone considering Rocket 21 Challenge for their trading journey.</
