Rockfort Markets is a Forex and CFD broker established in New Zealand that offers to trade on worldwide financial markets. The broker was established in 2018 and is regulated by the FMA in New Zealand.
Rockfort Markets offers a wide product portfolio with thousands of trading instruments from various asset classes. You can trade forex, CFDs, commodities, cryptocurrencies, indices, shares, ETFs, options, and futures in one place. The broker provides access to trading via the most user-friendly MT4 trading platform and the proprietary Trader Workstation platform from multiple devices and environments.
Trading costs at Rockfort Markets are competitively low in terms of tight spreads and low commissions. In addition, STP and ECN order execution methods also provide fast execution.
Rockfort Markets provides a wide range of educational resources and research tools, making it ideal for beginners keen to learn. The broker offers super-friendly customer support 24/5.
Pros and Cons
Key Rockfort Markets findings
Rockfort Markets is a regulated online broker. Thousands of trading instruments traders an opportunity to diversify their portfolio. Tight spreads starting from zero pip and low commissions, combined with the simplicity of MT4 and powerful interface of Trader Workstation, provide an edge to traders. The broker has a variety of educational and research resources like Trading Central. Rockfort Markets provides various funding options to make transactions easy.
On the other hand, Rockfort Markets requires a minimum of $200 to open an account, and there is a certain deposit and withdrawal fee. In addition, the broker has an inactivity fee. Moreover, the company does not accept clients from some countries, including the US. The broker is not listed on any stock exchange, and its financial information is not publicly available.
Let’s go through the advantages and disadvantages of trading with Rockfort Markets.
Investment Products
What investments does Rockfort Markets offer?
Rockfort Markets has a huge product portfolio of thousands of financial instruments from various asset classes. Rockfort Markets offers over 60 forex pairs, over 200 futures from over 22 exchanges, over 2000 shares from over 14 countries, indices, options on stocks, ETFs, commodities, and futures, global CFDs, and popular cryptocurrencies in one place.
However, the broker does not offer trading instruments of Bonds.
Rockfort Markets Instruments Summary
| Instruments | Rockfort Markets |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | ✓ |
| Options | ✓ |
| Bonds | x |
| ETFs | ✓ |
| CFDs | ✓ |
Commission and Fees
What are the costs for investing with Rockfort Markets?
Commission and Spread Fees
Rockfort Markets offer two account types, each with its own perks. You can choose to open a standard account with a minimum deposit of $200 and bear tight spreads as low as 0.8 pip with no commission fee. Or you can open a pro account with a minimum deposit of $200 and bear zero spreads and a minimum commission of $6 per standard lot per round.
| Fee | Standard Account | Pro Account |
|---|---|---|
| Commission (per standard lot per side) | $0 | $3 |
| Spreads from | 0.8 | 0.0 |
Deposit and Withdrawal Fees
Deposits made from credit/debit cards carry a deposit fee from the broker of 3% per transaction. Withdrawal processed in any non-NZD currency carries a withdrawal fee of $20.
Inactivity Fees
Rockfort Markets charges an inactivity fee of 20 NZD after 6 months of inactivity and an account balance of less than $100.
Platforms and Tools
What platforms and tools does Rockfort Markets have?
Rockfort Markets offers the most popular MetaTrader 4 trading platform for users who want simplicity in their trading and features like fast execution, Algo trading, and Social trading capabilities backed with deep liquidity. In addition, the broker offers the most lucrative proprietary Trader Workstation (TWS) that provides users access to Shares, Share CFDs, Forex, Futures, Options, and ETFs all from one account.
Moreover, Rockfort Markets offers trading tools like Trader Assitant to keep its clients aware of the markets and their accounts.
Let’s walk through each of the brokers trading platforms and tools.
MetaTrader 4 (MT4)
Metatrader 4 is the world’s most popular trading platform for Forex and CFDs due to its user-friendly interface, amazing charting, plug-ins, algorithmic trading, and quick execution. Join millions of other traders worldwide on Rockfort Markets MT4. The broker also offers you a dedicated Account Manager who will help you with the account opening process and troubleshooting.
MT4 allows you to trade with whatever chart type you like: bar, candlestick, and line charts. You may even trade with a one-click trading feature right from the charts. With over 30 indicators, 20 line studies, and 50+ technical studies accessible for free in the MT4 marketplace. Clients may study charts on timescales ranging from intraday to 1 minute for day traders to monthly for long-term investors.
Here are the salient features of MT4:
- Fast executions
- Deep liquidity
- Over 50 trading instruments
- Full functionality for Expert Advisors (EAs)
- Tight spreads
- 30+ technical indicators
- 3 chart types and 11 timeframes
- Multiple order types
- Live market quotes
- Account history
- MQL4 editor
- MetaQuotes community and marketplace
- One-click trading from the charts
- Strategy tester
- Algo trading
- Social trading
- Push notifications
- Available on desktop (Windows and Mac), web browsers, and mobile devices (iOS and iOS)
Trader Workstation (TWS)
Trader Workstation (TWS) has the broadest product offering of any online trading platform in the world, with Global Coverage in Stocks, Forex, Options, Stock CFDs, CFDs, and Futures. Traders have access to a Multi-Currency account, which allows them to trade shares on over 30 exchanges across the world and access news and research. Forex traders will like the specialised FX interface, which makes examining currency pairings and executing trades a snap.
Options traders will appreciate the Strategy Builder and the simplicity with which multi-leg strategies may be executed as a single order. TWS offers one of the most comprehensive selections of stock CFDs, as well as CFDs on metals, ETFs, and commodities, all with rapid execution and full reporting. From a single account, you may access global markets.
The TWS trading platform is available for Windows and Mac computers, as well as a mobile app for Android and iOS smartphones. The Trader Workstation (TWS) mobile app is one of the most lucrative mobile trading apps on the market, providing access to numerous markets, watchlists, and tools from the palm of your hand. The TWS mobile app allows you to trade Futures, Stocks, Options, Forex, and ETFs straight from the app interface. Your trading account may be seen and managed immediately from your smartphone.
Here are the summarised features of TWS:
- Trading on over 100 markets worldwide, including stocks, stock CFDs, forex, futures, options, and exchange-traded funds (ETFs)
- One of the world’s most comprehensive selections of Direct Market Access (DMA) Stock CFDs with minimal margins and exchange liquidity
- With Straight Through Processing (STP) and No Dealing Desk (OTC), trade over 60+ major and minor currency pairs with narrow spreads and lightning-fast execution
- With some of the industry’s lowest commissions, trade international shares on the ASX, US exchanges, Canada, and Europe
- Access the world’s most liquid Exchange Traded Funds (ETFs) listed on the NYSE/ARCA, such as SPY and TLT, via API and FIX access links on third-party trading platforms such as Multicharts Ninja Trader, Protrader, and even MT4.
- Detailed reporting allows you to easily calculate year-end returns and examine all of your transactions in local currency.
- Save money on foreign exchange conversions using built-in conversion tools that allow you to convert funds in your Multi-Currency Account at fractions of a PIP rather than the exorbitant fees charged by most brokers.
Tools
Trader Assistant
In the Telegram chat, you may access the markets even on the go. The Rockfort Trader Assistant is available to help you remain in touch with your trading account as well as the financial markets.
Given that the markets are continuously in motion, your mobile devices will receive market and account notifications via WhatsApp and Messenger. Whether you’re searching for a market overview or quotations for individual instruments, simply ask the Rockfort Trader Assistant for the information you need, and you’ll get it. The Trader Assistant lets you completely customise what you get when you receive it and where you receive it. Receive customised important market news, technical indications, and trading ideas delivered via popular messaging applications.
Rockfort Markets Platforms Summary
| Platform | Rockfort Markets |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | x |
| cTrader | x |
| Proprietary | ✓ |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | ✓ |
Research and Education
What resources does Rockfort Markets provide?
For traders, Rockfort Markets has a dedicated education department. To begin, there is a detailed section on trading resources. At Rockfort Markets, both novice and experienced traders will discover a wealth of useful information. These contain trading manuals, MT4 trading terminal lessons, and financial market-related articles.
Rockfort Markets has teamed with Trading Central to provide sophisticated technical tactics to traders. Only live account holders have access to the Trading Central section. After you have validated and paid your account, you will have access to Trading Central’s analysis, trading signals, and many other features.
On the other hand, Rockfort Markets lacks other necessary research tools such as trading calculators and does not hold webinars, seminars, or podcasts to educate its clients.
Trading Central
Rockfort Markets is happy to have collaborated with Trading Central to provide customers with confident, fast, and knowledgeable investing selections to aid them with their trading. With our MT4 platform, you can now access this dynamic product package. Trading Central has been developing this since 1999 in order to provide the greatest assistance for your trading experience.
The award-winning combination of automated AI analytics and senior analyst knowledge includes fundamental, technical, news, sentiment, and economic research. This breadth enables them to provide appropriate solutions to everyone, from novice investors to expert traders, regardless of trading style.
Rockfort Markets offers an MT4 plugin of Trading Central that has the following features:
- Global market news coverage 24/7
- Data provided directly to your email
- Long/Short Entry/Exit signals
- Candlestick pattern recognition
- Chart patterns recognition
Trading Guides
The broker’s website’s education area contains thorough trading tutorials on how to utilise the broker’s platforms and trade the various products. Moreover, there is a section about risk management. Using the trading guidelines supplied, traders may learn how to navigate the financial markets.
In this section, you can learn about the financial products offered by Rockfort Markets. Moreover, this section has a variety of technical analyses and trading strategies.
Risk Management
This section provides general information about risk management tools such as stop loss, take profit, and slippage.
Rockfort Markets Research and Education Summary
| Resources | Rockfort Markets |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | x |
| Webinars | x |
| Autochartist | x |
| Trading Central | ✓ |
| Economic Calendar | ✓ |
| Other | x |
Deposit and Withdrawal
What are the Rockfort Markets funding options?
Rockfort Markets offer various funding options such as wire transfers, debit/credit cards, and electronic wallets. Transactions are processed instantly or in 3-5 business days, depending on the payment option used.
On the other hand, withdrawals are only possible via bank transfers, and the broker does not offer or accept payments in cryptocurrencies.
Rockfort Markets Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
Regulation and Safety
Is Rockfort Markets regulated and safe?
Rockfort Markets is registered and regulated by the Financial Markets Authority (FMA) in the New Zealand. However, the broker is not authorised or regulated by any other government regulatory authority.
Rockfort Markets is also a member of an independent dispute resolution scheme. If a satisfactory outcome cannot be achieved, you may refer your complaint to Financial Services Complaints Limited (FSCL).
Rockfort Markets Regulation Summary
| Regulator | Rockfort Markets |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | x |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other (FMA) | ✓ |
Rockfort Markets Safety
Even though Rockfort Markets is only regulated by FMA in New Zealand, traders see this as a reliable option.
On the other hand, Rockfort Markets is not listed on any stock exchange, and the financial information about the company is not disclosed. But the broker claims to keep its clients’ funds in segregated bank accounts to ensure its customers’ funds safety.
Client Support
What client support is available with Rockfort Markets?
Rockfort Markets offers customer support 24/5 via live chat, phone, and email.
Conclusion
Final Thoughts
Rockfort Markets is a regulated retail trading broker in New Zealand that provides online trading in Shares, Options, Cryptocurrencies, Indices, Forex, ETFs, CFDs, and Futures. The broker offers traders the easy and sophisticated MetaTrader 4 and Trader Workstation trading platforms, which are available for desktop, online, and mobile trading apps.
Overall, Rockfort Markets provides top-notch services to its clients, such as strong trading conditions, prompt customer care, and a variety of banking options for easily depositing and withdrawing cash. They have a minimum deposit requirement of $200 and provide free demo trading accounts if you want to try out the broker’s products and services before investing.
FAQs
