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Rockfort Markets Review

Details

Broker Rockfort Markets
Website URL https://rockfortMarkets.com
Founded 2017
Headquarters Level 2/22 Fanshawe Street, Auckland CBD, Auckland 1010, Nuzilan
Support Number +64 4 472 3725, Freephone: 0800 347 257
Support Types Email, phone and live chat
Trading Platform METATRADER 4 AND TRADER WORKSTATION
Minimum 1st Deposit $1
Minimum Trade Amount $1
Bonus $1000
Free Demo Account Open Demo
Regulated Yes
Regulation (FSP509766)
Fees Yes
Fee Info 1,000 Shares $9.95 USD per trade or 2 cents per share > 1,000 - 10000 Shares $9.95 USD per trade or 2 cents per share > 10,000 Shares $9.95 USD per trade or 2 cents per share capped at 1%
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7

Pros

  • Powerful trading tools with latest tech                  Not available to U.S residents Highly secure platform and fully regulated           Spreads are quite high Simple user interface                                            High minimum deposits Supports both new and experienced traders        Few deposit and withdrawal methods Has educational materials for training Has a demo account

Rockfort Markets Review 2021

RockfortMarkets Review

Rockfort Markets is a forex and CFD broker based in New Zealand. It provides its users access to the global financial markets. However it has at the core of its establishment, simplicity and security for its customers. In this review of the Rockfort Markets broker, we will carefully analyse its services to bring out the strengths and weaknesses. Moreover it’s to help you decide if it suits your trading goals. Read FXTM review and see reasons to trade with the platform

About RockfortMarkets

Rockfort Markets was established by a team of experienced traders. Its extensive connections with other brokers and banks globally gives it the technical backing required to offer great services.

The broker provides services to both first time investors and experienced traders. Although the design is simple to accommodate everyone, Rockfort Markets broker uses the latest technology to make trading as convenient and enjoyable as possible.

It is also one of the few mainstream brokers that facilitate the trading of cryptocurrency CFD. RockfortMarkets claims its reliability is also tied to its location in New Zealand’s “carefully regulated” financial environment where compliance is paramount. SEE GKFXPRIME BROKER.

Rockfort Markets Review On Regulation

Rockfort Markets broker is a fully registered and regulated broker in New Zealand. It holds a financial services provider licence from the country’s Financial Markets Authority (FMA). It is also one of New Zealand’s only brokers listed on New Zealand’s Disclose Register.

To ensure that it is fully under the law, RockfortMarkets keeps pace with the latest industry regulations to maintain full compliance at all times. Regular audits are performed to ensure that a high regulatory standard is maintained.

Rockfort Markets account types

There are two major types of accounts available on RockfortMarkets. These are the Standard and Pro accounts. Islamic and increased leverage accounts are also available but must be requested specifically.

Standard Account

The Standard account has a minimum deposit of $500 and is ideal for those starting out in derivatives trading. Those looking to experiment with new strategies with smaller investments will also find this more suitable.

With the Standard account, there is no monthly activity limit and no commissions. Therefore, You can enjoy leverage of up to 1:500 while the minimum lot size is 0.1. The spreads start from 0.8 pips and deposits and withdrawals can be made using Bank transfer, Credit card, POLi Pay with NZD and USD as base currencies.

Pro Account

The Pro account requires a minimum deposit of $20,000. However is of course for professional traders. This gives access to better market spreads than the Standard account more-so it comes with personal account manager. More-so, it shares several similarities with the Standard account, except that it has a commission of $7 per lot round trip and spreads start from 0.2 pips.

Rockfort Markets Review On platforms

Rockfort Markets

Rockfort Markets broker has two platforms, the MetaTrader 4 and Trader Workstation.

MetaTrader 4 (MT4)

Therefore, MT4 gives traders access to over 50 Currency Pairs and CFDs including Forex, Indices, Metals and Commodities. The strong points of this platform is its user friendly nature, exceptional charting features, algo trading and fast execution. In summary, you get:

  • Diversified trading with over 50 forex and CFD instruments including precious metal, index, and commodity CFDs
  • Expert Advisors (EAs) to guide you through account opening or troubleshooting process 24 hours a day.
  • Trade on the go with MT4 mobile apps for IOS and Android
  • Precise risk management, with micro lot position sizing available.
  • Over 30 indicators and over 50 technical studies on both desktop and mobile devices
  • Multiple timeframes as low as 1 minute data for day traders and as high as a month’s data for long term traders.
Trader Workstation (TWS)

Gain access to global liquidity & exchanges across share markets, forex markets, CFD markets, options markets and futures markets with TWS. You can trade shares on over 30 exchanges worldwide with a multi currency account. Available on this platform are:

  • Trading on over 100 markets internationally across stocks, stock CFDs, forex, futures, options, and ETFs.
  • One of the world’s largest ranges of direct market access (DMA) stock CFDs with low margins and exchange liquidity.
  • Over 60 major and minor currency pairs with tight spreads and super fast execution with straight through processing and no dealing desk.
  • International shares trading on the ASX, US exchanges as well as Canada and Europe with some of New Zealand’s lowest commissions.
  • Specialised FX layout that makes viewing currency pairs and fast execution for forex traders
  • Full access to the global markets from one account
  • Built-in foreign exchange conversion tool that removes foreign exchange conversion cost
  • API and FIX Access link in third party trading platforms like Multicharts, Ninja Trader, Protrader or even MT4.
  • Access to market scanning and close account monitoring with alerts, watch lists and profit and loss.
  • Risk management strategies
RockfortMarkets available products

Rockfort Markets

Rockfortmarkets have a long list of instruments sto trade. These include:

Forex, CFDs, shares, options, crypto trading, futures and ETFs.

Rockfort Markets fees and commissions

There are fees and commissions charged for using Rockfort markets. These include spreads, roll over interest, commissions on trades, price mark-ups on trades and interest on client’s funds held. However these are not fixed and depend on the market conditions. Fees for deposit and withdrawal are as follows:

Activity Method Fee
Deposit USD Telegraphic Transfer Free
NZD Telegraphic Transfer Free
Credit Card 3%
Withdrawal Electronic Transfer to A NZ bank account in NZD Free
Electronic Transfer to A Non-NZD account $20.00 USD

 

Please note that there is also an inactivity charge of 20 NZD per month. Read grand capital review and know more about the broker.

Rockfort Markets security

If there is any area in which Rockfort Markets stands out, it is the area of security. It provides educational materials for users to get them familiar with the financial markets they are about to enter and how to manage risks before they make any commitments. There is also a demo account available to practice trading and get familiar with the platform before using real funds to reduce chances of loss.

However, customers’ funds are held in a separate bank account from the operational accounts of the broker. Funds are safely stored in New Zealand at ANZ Bank, a physical bank. The account is audited daily to ensure such funds are not tampered with. This is in accordance with all applicable financial markets legislation, including the New Zealand client money regulations. Read Binarymate Review and start Investing in binary options. Equally check iqcent and finrally broker.

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