RockGlobal (Previously Rockfort Markets) ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
RockGlobal is a regulated online trading broker based in New Zealand that offers Shares, Options, Indices, Forex, ETFs, CFDs, and Futures for online trading. The broker provides traders with the intuitive and powerful MetaTrader 4 and Trader Workstation trading platforms, for desktop, web and as mobile trading apps. Although relatively new compared to some other brokerage firms, RockGlobal Ltd. offers top notch services for its customers including good trading conditions, responsive customer service and a range of different banking methods for depositing and withdrawing funds with ease. They have a minimum deposit requirement from $200 and free demo trading accounts if you would like to trial the brokers products and services before making an investment.
Pros & Cons
- MT4 trading platform to trade CFDs on Forex, Indices, Commodities and Cryptos
- Tight spreads, fast execution and deep liquidity
- STP/ECN brokerage model
- Multiple trading account types for all strategies
- Fast deposits and withdrawals
- A range of useful trading tools
- Insightful weekly chart analysis
- Free trading signals from Trading Central
- Free demo trading accounts to practice trading
- Islamic swap-free accounts for Muslim traders
- Active customer service
- Dedicated account manager
- Cannot accept clients from some countries due to regulations
- Minimum $200 deposit not the lowest
- No direct crypto funding methods
- No managed accounts
- Inactivity fees
Based in New Zealand, RockGlobal (Previously Rockfort Markets) is an online trading broker that provides traders with multiple financial instruments across different asset classes, such as Shares, Options, Forex, ETFs, CFDs, and Futures for online trading via the MetaTrader 4 and Trader Workstation trading platforms, along with a range of useful trading tools to help increase prodcutivity. The broker offers the straight-through processing (STP) execution model and has multiple account options to choose from, with a minimum deposit of $200.
RockGlobal (formerly known as GPP Markets) obtained its trading license in February 2018. It began its CFD brokerage operations since early 2019. Since then, RockGlobal has been constantly striving to improve customer experience. This includes offering top notch customer service as well as offering competitive terms for trading.
As a New Zealand based regulated forex broker, RockGlobal takes advantage of the strict regulatory environment and thus offers a strong line-up of CFD products for retail traders.
RockGlobal Ltd (previously known as GPP Markets) is a company registered in New Zealand (NZBN 9429042010807). RockGlobal Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued and regulated by the Financial Markets Authority (FMA).
The Financial Markets Authority is the New Zealand government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations.
The broker has partnered with top accounting firms (professional services) and ANZ (banking) to ensure the highest standards are maintained.
RockGlobal ltd. is also a member of the Financial Services Complaints Ltd. or FSCL for short. This is useful for any customer complaints.
RockGlobal maintains all client deposits in a segregated account. This ensures that the client capital is ringfenced from the company’s daily operational expenses. Customer funds are held at the ANZ Bank in USD and NZD denominations.
Once a customer makes a deposit to their RockGlobal trading account, the funds are then transferred to the segregated account. This increases the reliability and builds trust with its customers.
Although the company is based in New Zealand, its customer service and range of products are available for traders across the globe, with the exception of a few countries. As a New Zealand licensed and regulated forex broker, traders from anywhere in the world can sign up and trade CFDs with RockGlobal Ltd, however, there are a few restricted countries and a couple countries RockGlobal do not accept client from.
The broker allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. They cannot accept clients from the USA for example. If your country is not accepted, please feel free to take a look at our broker reviews for an alternative option.
Traders have the choice between the MT4 platform and the Trader Workstation.
The MT4 platform is easy to use and allows you to trade forex CFDs. These include a range of markets such as forex, indices, metals, commodities and crypto currencies.
You can also open a demo trading account using the MT4 trading platform to get a feel for the spreads and the markets.
The MT4 trading platform is available for Windows, Android and iOS platforms. Using a Windows virtual environment, you can also download MT4 on your Mac iOS.
MetaTrader 4 (MT4)
The Metatrader 4 platform is one of the most popular trading platforms in the world for trading Forex and Contracts for Difference (CFDs). It has a user friendly interface, advanced charting capabilities, vast array of built-in indicators and support for algorithmic trading.
MT4 offers users the following benefits:
- Diversify your trading with over 50 forex and CFD instruments, including precious metals, index, and commodity CFDs
- Conduct in-depth market analysis using built-in tools and different chart types over multiple timeframes
- Run Expert Advisors (EAs) for automated trading 24 hours a day, backed by a global MQL4 community
- Trade on the go with MT4 mobile apps for iOS and Android
- Precise risk management with micro-lot position sizing and demo accounts
- Set price alerts to notify you on market movements via SMS, email and platform pop-ups
MT4 allows you to trade from a variety of different chart types including bar charts, candlestick charts, and line charts. You can even place orders directly from the charts and enable one-click trading. The platform gives you access to over 30 indicators, 20 line studies, and 50+ technical studies with many more available free from the MT4 marketplace. Clients can analyze charts across multiple timeframes from intraday data down to 1 minute for day traders and up to monthly data for longer-term traders.
The MT4 trading platform is available as a desktop application for Windows and Mac computers, and as a Web Trader that runs directly on most modern web browsers and operating systems, thus eliminating the need to download or install any additional software.
There is also the MT4 Mobile app; it is a powerful smartphone-based software that provides watchlists, charting, technical analysis, and order execution directly from your phone. The mobile trading app can be downloaded for free from the relevant app stores and is beneficial to traders who wish to access their account and place trades from anywhere in the world, provided there is an internet connection.
The Trader Workstation Platform (TWS) is a one-stop shop for trading global markets on one platform. Traders get access to a multi-currency account where they can trade shares on over 30 exchanges worldwide, with news and research at your fingertips.
TWS has one of the widest ranges of Stock CFDs, along with CFDs on metals, ETFs, and commodities, and it offers reliable execution alongside detailed reporting. You can access the global markets from one account.
Trader Workstation users get to enjoy the following unique benefits:
- TWS provides trading on over 100 markets internationally across Stocks, Stock CFDs, Forex, Futures, Options, and ETF’s.
- TWS has one of the world’s largest ranges of Direct Market Access (DMA) Stock CFDs with low margins and exchange liquidity.
- Trade over 60+ Major and Minor Currency Pairs with tight spreads and fast trade execution speeds with straight-through processing (STP) and No Dealing Desk (NDD) interference.
- Trade International Shares on the ASX, US Exchanges, as well as Canada and Europe with some of New Zealand’s lowest commissions.
The TWS trading platform can be downloaded as a desktop application for Windows and Mac computers and as a mobile app that is compatible with Android and iOS devices. The TWS mobile app is one of the most advanced mobile trading apps on the planet with access to multiple markets, watchlists, and tools right from within the palm of your hands. The TWS mobile app supports Futures, Stocks, Options, Forex, and ETF trading directly from the app interface. You can view and manage your trading account directly from your smartphone.
On the other hand, the TWS Web platform runs directly on modern web browsers without requiring any downloads or installations. It is amongst the best trading platforms with its sheer diversity of available tradable products and online trading tools.
TWS has a lot of helpful tools, such as Market Scanners, which scan the markets based on a variety of fundamental or technical criteria, and Event Calendar, which keeps you abreast of economic news and corporate events.
The RockGlobal trading platforms have an abundance of simple and complex trading tools that should be more than enough to satisfy the needs of even the most demanding of traders. That being said, the broker has kindly provided some additional trading tools to support clients with their daily trading activities and decision making. This goes a long way to show that they care about their client based and want to help ensure that they are making informed and logical trading decisions based on carefully planned market research and analysis.
RockGlobal has proudly partnered with Trading Central to help deliver clients confident, timely and educated investment decisions to assist in their trading. Trading Central is a global leader of financial market research and investment analytics.
They have a broad portfolio of solutions that combines award-winning analyst research with patented pattern recognition to deliver 24H multi-asset coverage of global markets. Trading Central can help you to find and validate new opportunities, time your trades, learn about financial markets, and manage risk.
The award-winning fusion of automated AI analytics and senior analyst expertise spans fundamental, technical, news, sentiment and economic analysis. This scope enables them to deliver suitable solutions to everyone regardless of your trading style, from new investors to experienced traders.
The RockGlobal Trader Assistant helps you to stay in touch with not only your trading account but also the financial markets. The Trader Assistant provides clients with key market news, technical indicators, and trade ideas that are 100% personalized and delivered via leading messaging apps.
The Market Analysis enables traders to stay up to date with economic news and find out what’s moving the financial markets with the readily available commentaries and videos.
Dedicated Account Manager
The broker provides traders with a team of dedicated account managers that are committed to providing you with the highest level of trading assistance.
RockGlobal offers a dedicated education section for traders.
Firstly, there is a comprehensive section when it comes to trading resources. Both beginners and professional traders will find lots of valuable information at RockGlobal.
These include trading guides, MT4 trading terminal tutorials and informative articles about the financial markets.
For traders who are more prone to getting advanced technical strategies, RockGlobal has partnered with the excellent Trading Central.
Access to the Trading central area is available only for live account holders. After your account is verified and funded, you can get access to Trading central’s analysis, trading signals and many more.
The education section of the broker’s website has detailed trading guides on how to use the broker’s platforms and trade the various products, as well as risk management topics. Traders can learn to navigate the financial markets using the provided trading guides.
Q & A
There is also a Q & A section on the broker’s website; it has a range of commonly asked questions and their corresponding detailed answers.
When you trade with RockGlobal, you can get access to a number of financial instruments. Below are the main types of CFDs that you can trade with RockGlobal.
Forex CFDs allow you to go long and short on the underlying financial instrument, which is the forex currency pair. It is a synthetic derivative that does not require any further obligations such as taking delivery of the underlying financial instruments.
Forex CFDs at RockGlobal are financially settled. Meaning the profit and loss is based on the difference between the entry price and the closing price.
RockGlobal allows trading on Forex CFDs – over 50. These include forex major currency pairs such as EURUSD, USDJPY, GBPUSD, USCHF, USDCAD, AUDUSD.
Traders can also access a wide range of cross currency pairs such as EURGBP, AUDNZD, EURNZD and so on. There are also exotic cross currency pairs such as EURPLN, NOKSEK.
Finally, a select range of exotic currency pairs are also available for trading. These include USDHKD, USDSGD, USDZAR and many more.
Commodity CFDs operate in the same way as forex CFDs. The different types of commodity CFDs available for trading at RockGlobal include the Brent Crude oil and the WTI Crude oil[AO3] [HB4].
When it comes to precious metals, traders can choose from trading Gold and Silver CFD instruments.
CFDs on Indices
RockGlobal has a wide range of CFDs on indices. These include the Australia ASX200, FTSE100, Euro Stoxx 50, S&P500, Dow Jones Industrials.
Note that since you are trading CFD indices, the names of the financial instruments can differ. Trading on the CFD indices are available 24 hours a day, five days a week.
CFDs on cryptocurrencies
At RockGlobal, there are also a wide range of cryptocurrencies that you can trade. These include:
Trading with CFD cryptocurrencies is also possible 24 hours a day, five days a week.
RockGlobal offer a number of different MT4 account types to suit different trading styles and experiences. The available account types include:
This account type has an initial deposit requirement of $200 and is the broker’s most popular account. It can be used for running expert advisors and is designed to suit regular traders who want competitive spreads and zero commission trading. Spreads start from 0.8 pips.
The PRO Account has a required minimum deposit of $2,000 and is designed for the professional traders who normally trade larger amounts. It offers ECN market spreads and access to your own account manager. The spreads start from 0.0 pips, while a commission of $6 per lot is charged on trades.
Swap-free Islamic accounts that comply with the Sharia law are available upon request. It is great to see that the broker supports traders from different background with different religious beliefs.
RockGlobal offer demo accounts if you wish to trial their services and practice your trading strategies with virtual funds. Demo accounts are popular amongst new traders and can help to familiarise yourself with online trading via the various platforms.
Rockforex Market Fees
RockGlobal does not charge any commissions on trading for the standard account as it is included within the spread. There is a small $6 commission fee on the pro account.
The spreads differ depending on the asset class that you trade. While RockGlobal has competitive spreads on forex majors and other highly liquid financial CFD instruments, the spreads widen when you want to trade exotic instruments.
Besides the spread, a rollover interest is applied for positions that are kept open overnight. The rollover fees can be accessed by clicking on the Market Watch and selecting the symbol specifications option.
There are no additional trading fees or commissions applied. For deposits, there is a 3% credit card transaction fee and a fixed fee for international bank WIRE withdrawals.
An inactivity fee is also applied for trading accounts that remain dormant for more than six months with a balance below $100.
Opening a RockGlobal live trading account is quick and easy. You can simply complete the broker’s online application form. After submitting your application, you will receive a confirmation email from the support team that will explain how to deposit funds and start trading online. You can contact the broker’s customer support for the verification documents required or if you need any help during the account opening process.
The broker provides clients with a knowledgeable customer support team who are on hand to offer polite and prompt response to traders’ general, technical, and account-based inquiries. They can be reached via Telephone, Email, and Online Live Chat. The broker is also on social media handles: Facebook, Twitter, YouTube, and LinkedIn. The customer support works 24 hours a days and traders can reach RockGlobal through any of the above means of communication. I have always had an excellent experience with the broker when it comes to support.
RockGlobal offers a good range of payment providers for your convenience. They include:
- Bank Wire Transfer (New Zealand and International Swift)
- Credit/Debit Cards, such as Visa and MasterCard
Some funding methods may not be available to some specific countries, while the transaction processing time may vary depending on the payment provider or method. Some fees may be charged when using certain payment methods.
You can withdraw available funds from your account at any time by simply completing the withdrawal request; all withdrawal requests will be verified by the team before funds are sent back to you. Please make sure that funds are sent to an account in your name, in keeping with the anti-money laundering laws. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
You can deposit funds using the bank WIRE or credit/debit card deposit and withdrawal methods. It is advisable to keep the minimum deposit at $200. Note that with a 3% transaction fee, the total amount you will receive in your trading account will be $194.
Since trading accounts can be created in a good selection of different currencies (AUD, NZD, EUR, JPY, USD), you should bear in mind the currency conversion as well.
Deposits can also be made via a bank WIRE transfer. When doing so, you should mention your MT4 trading account or your TWS trading account number.
This will enable faster deposit times when choosing a bank WIRE transfer.
Payments can also be made via eWallets such as POLI or BitWallet. However, the POLI payment method is applicable for transfers within New Zealand. BitWallet is a fast and secure way to deposit, there are NO fees for using BitWallet.
For withdrawals, traders can use the same methods mentioned above.
Bank Wire withdrawals in non-NZD denominations will have an additional fee of $20, which will be deducted from the withdrawn amounts.
Withdrawals are usually processed the same day and can take up to five-business days, if not sooner when choosing WIRE transfers. Withdrawals to BitWallet will appear in your BitWallet account immediately
RockGlobal is a regulated online trading broker that operates from New Zealand. The broker offers multiple trading instruments for trading online via the MetaTrader 4 and Trader Workstation platforms. They have a generous range of useful trading tools and educational materials, along with low spreads and commissions.
Being a licensed forex broker holding a derivatives issuer license, the company is well regulated. Traders can rest assured about the business itself. In terms of the choice of the different markets available, traders can choose from a rather wide pool of financial instruments. This ensures that traders have a choice to diversify their trading strategies when it comes to the different asset classes. The banking and account opening means are straightforward. There are no hidden fees or charges, and RockGlobal takes pride in being transparent about this.