About Rocket21 Challenge

Rocket 21 Challenge offers a simulated trading platform that evaluates traders through a two-phase assessment, allowing them to earn up to $600,000 in virtual funds based on their performance under realistic market conditions. This platform addresses the challenge of developing trading skills without financial risk, enabling users to practice and refine their strategies in a controlled environment.

```xml <problem> Aspiring traders often lack the capital and experience necessary to practice trading strategies in real-world market conditions, leading to costly mistakes and delayed skill development. Evaluating trading performance consistently and objectively can also be challenging without a structured environment. </problem> <solution> Rocket21 Challenge provides a simulated trading platform where users can develop and refine their trading skills without risking real capital. The platform offers a two-phase evaluation system that assesses traders' performance under realistic market conditions, including latency and slippage. Successful completion of the evaluation phases can lead to access to a virtual funded account with a balance of up to $600,000. The platform offers various account sizes and trading styles, including standard and swing accounts, to accommodate different risk tolerances and trading preferences. </solution> <features> - Two-phase evaluation system to identify skilled traders based on virtual profit targets and risk management. - Virtual funding up to $600,000 for successful traders to practice in a simulated environment. - Realistic market simulation with latency and static slippage to replicate real-world trading conditions. - Scaling plan that allows traders to increase their virtual account balance by 30% every three months based on consistent profitability. - "Revive" feature that allows traders to continue the challenge after breaching Phase 2 with a nominal fee. - Choice of standard or swing accounts with varying leverage and weekend holding policies. - Access to trade commodities, indices, and currencies in the simulated environment. </features> <target_audience> The primary target audience includes aspiring and developing traders who want to improve their skills and gain experience in a risk-free environment, as well as experienced traders seeking to test new strategies. </target_audience> <revenue_model> Rocket21 generates revenue through challenge fees, which vary based on the chosen account size and trading style, ranging from $59 to $1,399 for standard and swing accounts, and up to $10,000 for the 1M Space X Challenge. </revenue_model> ```

What does Rocket21 Challenge do?

Where is Rocket21 Challenge located?

Rocket21 Challenge is based in Dover, United Kingdom.

When was Rocket21 Challenge founded?

Rocket21 Challenge was founded in 2021.

Location

Dover, United Kingdom

Founded

2021

Employees

14 employees

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Rocket21 Challenge

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Executive Summary

rocket21challenge.com 300+

Founded 2021 – Dover, United Kingdom

Funding

No funding information available.

Team (10+)

No team information available.

Company Description

Problem

Aspiring traders often lack the capital and experience necessary to practice trading strategies in real-world market conditions, leading to costly mistakes and delayed skill development. Evaluating trading performance consistently and objectively can also be challenging without a structured environment.

Solution

Rocket21 Challenge provides a simulated trading platform where users can develop and refine their trading skills without risking real capital. The platform offers a two-phase evaluation system that assesses traders' performance under realistic market conditions, including latency and slippage. Successful completion of the evaluation phases can lead to access to a virtual funded account with a balance of up to $600,000. The platform offers various account sizes and trading styles, including standard and swing accounts, to accommodate different risk tolerances and trading preferences.

Features

Two-phase evaluation system to identify skilled traders based on virtual profit targets and risk management.

Virtual funding up to $600,000 for successful traders to practice in a simulated environment.

Realistic market simulation with latency and static slippage to replicate real-world trading conditions.

Scaling plan that allows traders to increase their virtual account balance by 30% every three months based on consistent profitability.

"Revive" feature that allows traders to continue the challenge after breaching Phase 2 with a nominal fee.

Choice of standard or swing accounts with varying leverage and weekend holding policies.

Access to trade commodities, indices, and currencies in the simulated environment.

Target Audience

The primary target audience includes aspiring and developing traders who want to improve their skills and gain experience in a risk-free environment, as well as experienced traders seeking to test new strategies.

Revenue Model

Rocket21 generates revenue through challenge fees, which vary based on the chosen account size and trading style, ranging from $59 to $1,399 for standard and swing accounts, and up to $10,000 for the 1M Space X Challenge.