Rockfort Markets Review 2020
Rockfort Markets is an 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 MetaTrader 4 and Trader Workstation trading platforms. They have a minimum deposit requirement from just $1 but the spreads are not the lowest when compared to some other online brokers that the trading brokers team have reviewed.
Rockfort Markets Review 2020, Pros & Cons
- Multiple powerful trading platforms
- Multiple trading account types
- A range of useful trading tools
- Limited account funding & withdrawal options
- No US clients
- Not the lowest spreads
In this detailed Rockfort Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Rockfort Markets is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Rockfort Markets.
Rockfort Markets Review: Summary
Based in New Zealand, 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 useful trading tools. The broker offers the straight-through processing (STP) execution model and has multiple account options to choose from, with a minimum deposit of just $1.
Rockfort Markets Review: Regulation
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).
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.
Rockfort Markets Review: Countries
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.
Some Rockfort Markets features and products mentioned within this Rockfort Markets review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Rockfort Markets Review: Trading Platforms
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 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, Stock, 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.
Rockfort Markets Review: Trading Tools
The Rockfort Markets 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.
Rockfort Markets Review: Education
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.
Rockfort Markets Review: Trading Instruments
With Rockfort Markets, you can invest in a wide range of global markets without the need to open multiple accounts. The trading instruments available to trade online include Shares, Options, Forex, ETFs, CFDs, and Futures.
Rockfort Markets Review: Trading Accounts & Fees
Rockfort Markets offer a number of different MT4 account types to suit different trading styles and experiences. The available account types include:
The Mini Account has a required minimum deposit of $500. It is geared towards those who are just starting out and wanting to experience live trading with small trade sizes or those wanting to try out new strategies using minimal margin. The EUR/USD spread ranges from 1.5 to 2 pips, and no commission is charged on trades.
This account type has an initial deposit requirement of $1 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. The EUR/USD spread ranges from 0.9 to 1.4 pips.
The PRO Account has a required minimum deposit of $20,000 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 EUR/USD spread ranges from 0.6 to 1.1 pips, while a commission of $7 per lot is charged on trades.
Swap-free Islamic accounts that comply with the Sharia law are available upon request.
Rockfort Markets 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.
As broker fees can vary and change, there may be additional fees that are not listed in this Rockfort Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Rockfort Markets broker account for online trading.
Rockfort Markets Review: Customer Service
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.
Rockfort Markets Review: Deposit & Withdrawal
Rockfort Markets offers a 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.
Rockfort Markets Review: Account Opening
Opening a Rockfort Markets 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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Rockfort Markets Review: Conclusion
RockMarkets 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. Whilst they have a generous range of useful trading tools and educational materials, the trading brokers review team did not find them to have the lowest spreads or commissions.
Trading in Rockfort Markets derivative products may not be suitable for everyone as derivative products are high risk. Please ensure that you understand the risks involved. A Product Disclosure Statement can be obtained from the broker’s website and should be considered before trading with them.