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.
Funding
Funding not disclosed
Founders
Product
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.
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.
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.