Overall ROCKFORT MARKETS is a trustworthy and low-risk broker with a high overall rating of 9 out of 10. ROCKFORT MARKETS is authorized and regulated by FMA and offers leverage up to 1:500.
ROCKFORT MARKETS at a Glance
| ? Broker’s Name | ROCKFORT MARKETS |
| ? Headquartered | New Zealand |
| ? Year Founded | 2018 |
| ⚖️ Regulating Authorities | FMA |
| ? Countries not accepted for trade | Iran, Korea, Laos, Sudan, Mozambique, Syria, Myanmar, China, United States. |
| ☪️ Islamic account (swap-free) | Yes |
| ? Demo Account | Yes |
| ? Institutional Accounts | No |
| ? Managed Accounts | Yes |
| ? Maximum Leverage | 1:500 |
| ? Minimum Deposit | $200 / R 3377,38 |
| ? Deposit Options | Bank Wire Transfer (New Zealand and International Swift) Credit/Debit Cards, such as Visa and MasterCard POLi BitWallet |
| ? Withdrawal Options | Bank Wire Transfer (New Zealand and International Swift) Credit/Debit Cards, such as Visa and MasterCard POLi BitWallet |
| ? Platform Types | MetaTrader 4, Trader WorkStation |
| ? OS Compatibility | Windows, Linux, MacOS, Android, iOS |
| ? Tradable assets offered | Forex CFDs Commodity CFDs Crypto CFDs CFD Indices |
| ?? Languages supported on Website | English |
| ? Customer Support Languages | English |
| ? Customer Service Hours | 24/5 |
| ? Open an Account | ? Click Here |
ROCKFORT MARKETS Review – 20 key points quick overview:
- ROCKFORT MARKETS at a Glance
- ROCKFORT MARKETS Review – 20 key points quick overview:
- ROCKFORT MARKETS Overview
- ROCKFORT MARKETS Safety and Security
- ROCKFORT MARKETS Leverage
- ROCKFORT MARKETS Accounts
- ROCKFORT MARKETS Market Instruments
- ROCKFORT MARKETS Fees
- ROCKFORT MARKETS Deposit and Withdrawal
- ROCKFORT MARKETS Trading Platforms
- How to open a ROCKFORT MARKETS account step by step
- ROCKFORT MARKETS Customer Support
- ROCKFORT MARKETS Education
- ROCKFORT MARKETS Research
- ROCKFORT MARKETS Awards
- ROCKFORT MARKETS vs Etoro vs XM – Comparison Table
- ROCKFORT MARKETS Best Countries by Traders
- Conclusion
- Disclaimer
- Frequently Asked Questions
ROCKFORT MARKETS Overview
One of the leading online trading brokers, Rockfort Markets offers a comprehensive range of financial instruments, including stock and options as well as FX and exchange-traded funds (ETFs).
In addition to desktop, internet, and mobile versions of MetaTrader 4 and Trader Workstation, RockFort Markets also offers MetaTrader 4 and Trader Workstation mobile apps.
Although Rockfort Markets Ltd. is relatively new compared to other brokerage firms, it delivers top-notch services for its clients, including favorable trading conditions, rapid customer support, and a wide variety of banking options for simple deposits and withdrawals
ROCKFORT MARKETS Safety and Security
When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
Rockfort Markets Ltd (previously known as GPP Markets) is a company registered in New Zealand (NZBN 9429042010807). Rockfort Markets Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued and regulated by the Financial Markets Authority (FMA).
Financial regulation in New Zealand is the responsibility of the Financial Markets Authority (FMA), an agency of the government. This agency regulates all financial market participants, exchanges, and financial rules.
The broker has worked with leading accounting and financial organizations to ensure that the highest standards are maintained.
Each customer’s deposit goes into their own account. Clients can rest easy knowing that their funds will not be used to pay for the daily operations of the company. Withdrawals can be made in either USD or New Zealand Dollars.
ROCKFORT MARKETS Leverage
Leverage is a tool that is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposure to the market in which they are trading despite their initial deposit.
Leverage for retail trading has been capped at fewer than one hundred to one by regulators in Europe, the United States, Canada, and Japan.
Now that New Zealand is fully regulated, brokers are permitted to provide leverage limits that are almost infinite. The standard and professional accounts at Rockfort Markets have a maximum leverage of 1:500.
Traders that use a lot of leverage or just have a modest quantity of money to invest may see this as a boon. While it can increase earnings, leverage is a two-edged sword that can increase both profits and losses.
ROCKFORT MARKETS Accounts
A Forex account is a trading account that traders hold with a specific broker for the purpose of trading financial instruments. Brokers may offer traders either a variety of accounts, with each catering to varying levels of skill, knowledge, and experience, or a single account that can be used.
Standard Account
A $200 deposit is required to open this account, which is the broker’s most popular option. Low spreads and commission-free trading are features you’ll appreciate if you’re an experienced trader.
Pro Account
Traders who routinely trade large sums of money should open this account, which has a $2,000 minimum deposit.
Two of the advantages include ECN market spreads and a personal account manager. Each deal has a $6 lot charge and spreads start at 0.0 pips.
Demo Account
Rockfort Markets offers an MT4 demo account to all new traders, which can be used to test the broker’s platforms and trading conditions for 30 days.
Islamic Account Option
Rockfort Markets offers an Islamic Account option for both the Standard and Pro Accounts, which retain the same conditions in the Islamic version except for the swap rates which are not incurred in this account.
ROCKFORT MARKETS Market Instruments
Rockfort Markets offers CFDs on a number of different asset classes, including Forex, Commodities, Indices, and Cryptocurrencies.
At Rockfort Markets, customers have access to more than fifty different Forex CFDs for trading. These include some of the most important currency pairs, such as the EURUSD, USDJPY, GBPUSD, USCHF, USDCAD, and AUDUSD.
Traders have access to a large number of cross-currency pairs, including EURGBP, AUDNZD, EURNZD, and a great deal more besides. There are various cross-currency pairs that can be traded, such as EURPLN and NOKSEK.
Additionally, trading in exotic currency pairs is possible on the platform. Among these currencies are the USDZAR, USDHKD, and USDSGD.
Rockfort Markets provides clients with access to a comprehensive selection of CFDs on indices. The Australia ASX200, the FTSE100, the Euro Stoxx 50, the S&P500, and the Dow Jones Industrials are some of these.
Clients also have access to commodities and cryptocurrencies, as noted above.
ROCKFORT MARKETS Fees
Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.
Rockfort Markets makes money from the spread rather than charging a fee.
For large currency pairs, the standard spread is from 0.9 to 1.4 pips, whereas, for minor currency pairs, the standard spread ranges from 1.2 to 5.0 pips. Majors have an average spread of 0.6 pips, and minors have an average spread of 1.0 pips in the pro account.
If you retain a position overnight with Rockfort Markets, you may be charged or get rollover interest, commonly known as swap expenses.
The rollover rate is determined by the length of the rollover term and the spread. This is required at the end of each trading day. Click Market Watch and then select the appropriate symbol specification option to see the rollover rate.
ROCKFORT MARKETS Deposit and Withdrawal
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Customers of ROCKFORT MARKETS can fund their accounts in a variety of ways, including the following:
Bank Wire Transfer (New Zealand and International Swift)
Credit/Debit Cards, such as Visa and MasterCard
POLi
BitWallet
Fill out the online form to request a withdrawal at any time, and the money will be returned to your account as soon as it is verified by the staff.
The funds must be sent to an account in your name to stay inside the confines of anti-money laundering guidelines. Outside of normal business hours, most withdrawal requests are processed the following day or the day after.
Withdrawal times can vary widely depending on the payment source and method used. However, some methods are quick, such as a wire transfer or a credit card transaction.
Fees connected with each payment method are displayed on the deposit page. For Visa and MasterCard, deposit fees are 3% of the deposit amount.
Withdrawing money from a New Zealand bank is free of charge. There is a $15 fee for withdrawing money from an account in another country or currency.
ROCKFORT MARKETS Trading Platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. While some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
Traders can choose between the MT4 and the Trader Workstation platforms.
Rockfort Markets MT4
On the MT4 platform, you can trade CFDs in currency. They all feature a wide selection of alternatives for traders.
Alternatively, you can use the MT4 trading platform’s free demo account to get a sense of the spreads and the markets.
The MT4 trading platform is available in versions for Windows, Android, and iOS. MT4 can be installed on a Mac or iOS device via a Windows virtual environment.
MetaTrader 4 is one of the most popular trading platforms for Forex and CFD trading. There is a user-friendly interface with a large selection of built-in indicators, advanced charting tools, and support for algorithmic trading.
A variety of chart types are available in MT4’s charting options, including bar, candlestick, and line charts. The charts can be used to place orders directly from the trading platform.
The platform comes preloaded with more than 30 indicators, 20 line studies, and 50+ technical studies, and there are countless others available for free on the MT4 market.
In addition to intraday data down to one minute and monthly data up to one year, clients have access to many timeframes for charting.
Rockfort Markets TWs
The Trader Workstation Platform is everything you need if you want to trade on many marketplaces. With a multi-currency account, you may trade shares on more than 30 exchanges around the world and access real-time news and analysis.
TWS also offers a comprehensive range of CFDs on equities, metals, ETFs, and commodities in addition to the aforementioned instruments. TWS also offers dependable transaction execution and comprehensive trade reporting. You can trade on every market in the world with only one account.
The TWS Web platform does not require any additional software to be downloaded or installed on a computer. It’s one of the most popular trading platforms because of its vast selection of tradable items and online trading instruments.
Mobile Trading Platforms
All of your watchlist, charts, technical analysis, and order execution may be accessed using the MT4 Mobile app. Smartphone-based software MT4 Mobile is a high-end product.
Mobile trading apps can be downloaded for free from the individual app stores and used to access your account and place trades as long as you have a working internet connection.
Access to many markets, watchlists, and tools are all at your fingertips when you use the TWS mobile app. The TWS mobile app can be used to trade on all of the main financial exchanges. Your trading account can be accessed and managed from a smartphone.
How to open a ROCKFORT MARKETS account step by step
Opening an account with Rockfort Markets can be done using the following steps:
Visit the Rockfort Markets website, Click on “Open an Account” on the top right-hand corner of the website
Step 2 – Fill out the form
- It takes only a few minutes to sign up for a Rockfort Markets live trading account. The broker’s online application form is all you need to get started.
- Upon submitting your application, a confirmation email will be sent to you from the customer service team with instructions on how to make a deposit and begin trading on the internet.
- Contact the broker’s customer service if you have any questions about the account opening process or the verification documents necessary.
ROCKFORT MARKETS Customer Support
Traders can get answers to their general, technical, and account-related issues from an experienced customer care team. To contact them, you can use any of the following methods: phone, email, or online live chat.
Additionally, the broker is active on social media platforms like Facebook, Twitter, YouTube, and LinkedIn. In order to get in touch with Rockfort Markets’ customer support department, traders can use any of the aforementioned options.
ROCKFORT MARKETS Education
The term “education” refers to all of the resources and tools that brokers make available to help traders, especially newcomers, improve their trading skills. It gives traders the knowledge they need to succeed in the market.
Rockfort Markets provides educational resources for traders. In the beginning, much attention is paid to resources. Traders of all levels can benefit from Rockfort Markets’ plethora of information, from novices to veterans.
Some examples include MT4 terminal training and trading hints, as well as articles regarding the financial markets. Rockfort Markets has partnered up with more experienced traders with the support of Trading Central.
Trading Central can only be accessed by people with active trading accounts. Your Trading Central account must be authenticated and financed before you can access the analysis and trading signals it provides.
ROCKFORT MARKETS Research
Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions.
The Rockfort Markets trading platforms should be able to meet the needs of even the most demanding traders. A few further tools for research and analysis have been offered by the broker.
Market Analysis commentary and videos allow traders to stay up to date on the latest financial market happenings. The Rockfort Markets Trader Assistant can help you monitor your trading account and the financial markets.
Market data, indications, and trading advice are delivered to customers via messaging apps they select through the Trader Assistant service.
Customers can rely on Rockfort Markets’ partnership with Trading Central to provide them with timely and accurate investment advice. Trading Central is a global leader in financial market research and investment analytics.
Global markets are covered around the clock by award-winning analyst analysis and patented pattern recognition.
With the help of Trading Central, finding and verifying new investment opportunities, timing trades, developing your knowledge of financial markets, and managing risk is all made simpler.
ROCKFORT MARKETS Awards
Awards serve to instill confidence in a broker as it reflects the level of service the broker offers. The fact that RockFort Markets does not yet have any industry accolades despite offering award-winning trading platforms could be related to the broker’s youth.
ROCKFORT MARKETS vs Etoro vs XM – Comparison Table
| ? Broker | ? ROCKFORT MARKETS | ? eToro | ? XM |
| ? Minimum Deposit | $200 / R 3377,38 | $1000 USD | $5 USD |
| ? Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| ? Currency Pairs | – | 47 | 57 |
| ? Open an Account | ? Click Here | ? Click Here | ? Click Here |
ROCKFORT MARKETS Best Countries by Traders
| ? Country of Trade | ? % of Traders |
| ?New Zealand | 24.77% |
| ?Germany | 13.06% |
| ?Switzerland | 11.28% |
| ?Ireland | 8.64% |
| ?Spain | 8.03% |
Conclusion
Overall, ROCKFORT MARKETS is a trustworthy and reliable broker that provides traders with great digital tools. ROCKFORT MARKETS also offers MetaTrader 4 and Trader Workstation mobile apps. ROCKFORT MARKETS has a Leverage of 1:500.
Disclaimer
ROCKFORT MARKETS warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with ROCKFORT MARKETS, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
ROCKFORT MARKETS warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence ROCKFORT MARKETS cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
How many instruments can I trade with ROCKFORT MARKETS?
With Rockfort Markets, you can trade a wide range of financial instruments. Forex CFDs, commodities CFDs, indices CFDs, and crypto CFDs all fall under this category.
Which platforms are supported by ROCKFORT MARKETS?
Traders can choose between the MT4 and the Trader Workstation platforms.
On the MT4 platform, you can trade CFDs in currency. They all feature a wide selection of alternatives for traders.
Do ROCKFORT MARKETS offer leverage?
Maximum leverage of 1:500 is available to customers of Rockfort Markets. Depending on the instrument, the maximum leverage that can be offered to customers in territories whose oversight is provided by a variety of different regulators is 1:50.0
What spreads can I expect with ROCKFORT MARKETS?
Standard spreads for forex pairings range from 0.9 to 1.4 pips for majors and from 1.2 to 5.0 pips for minors. In the pro account, majors have an average spread of 0.6, and minors have an average spread of 1.0 pips.
Do ROCKFORT MARKETS charge a commission?
No additional commission is charged outside of the percentage between buying and selling.
What is the overall rating out of 10 for ROCKFORT MARKETS?
9/10
Featured SA Shares Writer and Forex Analyst.
Discussion about this post