Review Rockfort Markets
http://rockfortmarkets.com/ Headquarters in New Zealand Open Demo Account Open Live Account BEGIN item ContentsPros and ConsRegulationAccount TypesTrading PlatformsTrading ToolsEducationCustomer ServiceConclusion
Rockfort Markets is a CFD broker based out of New Zealand and offering its clients a number of different asset classes that includes forex, commodities, shares, and more. Trading is done via the award-winning MetaTrader 4 platform, or via the broker’s own Trader Workstation platform. There are also several useful trading tools offered to clients.
With the registration of the brand in New Zealand, it is regulated by the New Zealand Financial Markets Authority. The broker offers a straight-through processing (STP) model, and an Electronic Communications Network (ECN) model for traders. There are a pair of account types, with the minimum deposit of $200 on its Standard offering.
Have a look below at more details regarding the broker to decide if they would be a suitable broker for your own trading needs.
Rockfort Markets Pros and Cons
Pros
Various trading platforms availableVery low minimum depositVariety of account types
Cons
No U.S. clientsHigher than average spreads
Broker Regulation
Rockfort Markets, which was previously known as GPP Markets, is registered as a Financial Services Provider in the country of New Zealand. They have company registration number NZBN9429042010807 and works under license number FSP509766. In addition, they hold a Derivative Issuer License and they are fully regulated by the New Zealand Financial Markets Authority (FMA).
Being regulated by the FMA ensures clients that there is oversight to the broker. It also means they adhere to the guidance set forth by the FMA in their enforcement of New Zealand’s financial regulations. The broker has partnered with top accounting firms (professional services) and ANZ (banking) to ensure the highest standards are maintained.
Account types
Rockfort Markets offer a number of different MT4 account types to suit different trading styles and experiences. The available account types include:
Standard Account
The Standard account comes with a minimum deposit of just $200, making it ideal for those just getting started with CFD trading. There are no commissions on trades and the available leverage goes as high as 1:500 for certain asset classes. Spreads begin as low as 0.8 pips, and clients have access to all the tools, research and educational opportunities offered by Rockford Markets.
Pro Account
This is for traders looking for sharper spreads. You get the best ECN market access and your own dedicated account manager. The minimum deposit is $2,000 for the PRO account, and it uses an ECN pricing and execution model. The leverage available can be as high as 1:500 for certain asset classes.
Spreads with the PRO account can be as low as 0.0 pips, but there is a commission structure as well, with a $6/round trip commission.
Islamic Accounts
Swap-free Islamic accounts that comply with Sharia law are available upon request.
Demo Accounts
For those who wish to test out the trading conditions and execution at Rockford Markets there is a demo account available. A demo account is extremely useful for those new to CFD trading since it allows them to become familiar with the platform use and with market conditions. The demo account can also be useful for established traders looking to test out new trading strategies. With the Rockfort Markets demo account, you will be trading in a replica of the live trading environment, including access to real-time spreads and execution speeds.
Trading Platforms
Rockfort Markets offers MT4 for desktop, mobile (android and iOS), and a browser-based web version. They also offer the Trader Workstation (TWS) platform with desktop and mobile versions, or a web-based browser platform. The choice between the two is up to the individual trader and their needs.
Trade over 50 different markets on their MT4 platform or access all products from one account via Trader Workstation (TWS). DMA, API trading and multi-currency based accounts are available to traders using the TWS platform.
MetaTrader 4 (MT4)
MetaTrader 4 is one of the world’s most popular trading platforms, and anyone who has done trading of CFDs previously is probably familiar with the platform. It is user-friendly, includes advanced studies and charting capabilities, and supports the use of automated algorithmic trading.
MT4 offers users the following benefits:
Diversify 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 is very useful as it allows traders to customize their charts with three different chart types, and one-click trading right from the chart. MT4 also includes more than 30 indicators, 20-line studies, and 50+ technical studies with many more available free from the MT4 marketplace. Plus, there are timeframes that stretch from 1 minute for scalpers up to one month for the long-term trading mindset.
Most MT4 users go with the desktop platform that runs on both Windows and MAC computers, however there is also a web-based platform that has become increasingly popular as there’s no need to download any additional software.
MT4 also comes with a mobile app for either Android or iOS devices, and it includes all the power and some of the functionality of the other platforms. The mobile app is free and can be downloaded from either the Google Play store or from the Apple Store.
Trader Workstation
The Trader Workstation (TWS) platform is not as well-known but is also award winning and an excellent substitute for the MetaTrader 4 platform. It gives traders access to global markets through more than 30 different exchanges worldwide, and also puts both news and research right within the platform for ease of access.
One of the huge benefits to traders who choose the TWS platform is that is offers the widest range of stock CFDs. Traders can also access global options and futures, as well as ETFs and commodities. It truly is a one-stop shop for trading.
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 platform is also available as a desktop application, for mobile devices, or as a web-based platform. The TWS mobile app is known to be one of the most advanced mobile apps available for trading, giving access to global markets, watchlists, and other tools right from your smartphone. It is a simple task to manage and view your trading account on the go with TWS.
If you don’t need that on-the-go capability the TWS web-based platform is also a joy to use. Traders can access their favorite markets without any downloads, and from any modern web browser.
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. Let’s have a closer look at these available tools.
Trading Tools
Trader Assistant
The Trader Assistant is where traders keep abreast of market develops and their own trading accounts. Clients get key market news, technical indicators, and personalized trade ideas, all delivered via the leading modern messaging apps. Traders can also stay up to date with economic news and find out what is moving the financial markets with the readily available commentaries and videos.
Market Scanners
Market Scanners allow traders to filter assets via various technical and fundamental criteria to find the very best trading opportunities.
Educational Tools
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.
Trading Central
Rockfort Markets has partnered with Trading Central and provides all the tools and research for all its active clients. This means clients have access to award winning financial markets research and education. Trading Central is a fusion of automated AI analytics and senior analyst expertise spanning fundamental, technical, news, sentiment and economic analysis. Trading Central tools include all the following:
Fundamental and Technical NewsDaily Market Outlook Newsletter24 hr Multi-asset coverage of global marketsIntuitive Research ToolsActionable Newsroom Information and Trend AnalysisSupport in 32 LanguagesWeb TVExclusive Trading Central Plugin for MT4
Customer Service
The broker provides clients with a knowledgeable customer support team who 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 messaging apps Messenger, WhatsApp and Telegram.
Email: info@rockfortmarkets.com
Telephone: +64 9 281 2012
In Conclusion
Clearly Rockfort Markets has a broad range of assets available and a number of platforms that will suit any type of experience level trader. There’s a standard account for new traders, or the PRO account for more established traders, and both come with excellent trading conditions. Clients can also choose between the MetaTrader 4 platform or the Trader Workstation, both of which offer an excellent trading experience.
The broker is fully licensed and regulated in New Zealand and keeps all client funds in segregated accounts. They also have an excellent education and research offering thanks to their partnership with Trading Central, and their dedicated customer support team is available to answer any questions and solve any problems.
Those who might be looking for a new CFD broker are likely to be pleased when trading through Rockfort Markets.
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