Independent Review - RockfortMarkets
Rockfort Markets is a CFD broker based and licensed in New Zealand, offering a number of asset classes to its clients. They cover all the usual assets such as forex, shares, and commodities, and it also stretches to cryptocurrencies, futures, options, and ETFs. Clients can choose between the well-known MetaTrader 4 platform, and the equally powerful Trader Workstation platform.
With a low minimum deposit of $200 the broker is accessible by most everyone, but are they good in terms of execution, reliability, and other tools and offerings? Let us take a deeper look to find out.
As mentioned, Rockfort Markets is New Zealand based, but they do have a global client base. Their strong asset offerings make them a very useful broker for those looking to trade a broad range of markets. And the two platforms offered – MetaTrader 4 (MT4) and Trader Workstation (TWS) – are both considered to be world class.
The minimum deposit requirement of $200 means all levels of traders can benefit from an account here, and the broker has numerous banking options to make depositing and withdrawing a breeze. And thanks to regulation by the New Zealand Financial Markets Authority it all comes with protections and segregated banking accounts at tier 1 banks.
Clients can choose from No Dealing Desk, Straight-through Processing, and ECN processing models, with low spreads and commissions across all account types.
In this detailed Rockfort Markets review, we have covered some of the most important aspects for you to consider when deciding if Rockfort Markets is a suitable CFD broker for your needs.
Rockfort Markets was previously known as GPP Markets and is registered in New Zealand under license NZBN 94290402010807. The broker is a registered Financial Service Provider with registration FSP509766 and also holds a Derivative Issuer License that allows them to offer CFDs on forex, indices, gold and cryptos. They are also regulated by the New Zealand Financial Markets Authority.
Under their derivative issuer license conditions clients benefit from segregated client trust accounts, external audits and reviews that ensure Rockfort Markets follows their license conditions.
Rockfort Markets is also partnered with top accounting firms and The ANZ Banking Group (ANZ) to ensure the highest standards are maintained.
Rockfort Markets offers two account types to help service different types of traders. These two accounts are::
The standard account comes with a $200 minimum deposit, making it accessible for nearly any trader, and quite popular with new traders and those looking to trial Rockfort Markets trading conditions. The EUR/USD spreads in the account begin at 0.8 pips and there are no commissions.
The PRO Account has a required minimum deposit of $2000 and is designed for professional traders who are accustomed to trading larger amounts. It offers ECN market spreads and access to a dedicated account manager. The EUR/USD spread starts at a low 0.0 pips, while a round trip commission of $6 per round turn lot is charged on trades.
Both account types benefit from leverage as high as 1:500 and access to the suite of research tools from Trading Central.
In addition to the basic account types Rockfort Markets also features swap-free Islamic accounts that comply with the Sharia law. These accounts are available upon request.
Rockfort Markets also offers a demo account for those looking to trial their services and practice trading strategies in a risk-free environment. Demo accounts are popular with new traders and can help them learn the platforms, indicators and basic strategies.
At Rockfort Markets traders get access to a full range of markets – 8,800 single stock CFDs plus indices, commodities and more.
- Trade Bitcoin CFDs long or short
- Over 8,800 of the most popular global stocks as CFDs
- Options on global stocks, ETFs, commodities and futures
- Over 200 futures contracts from over 22 exchanges around the world
- 60+ forex pairs, including majors, minors, and exotics
- Over 2500+ ETFs targeting indices, sectors, commodities and more
Rockfort Markets offers the MetaTrader 4 (MT4) platform for desktop, iPhone, android, iPad/tablet and a browser-based web version. They also offer the Trader Workstation (TWS) platform with all the same access options.
Clients can trade more than 50 different markets on the MT4 platform or they can get access all to all available assets from one account via the Trader Workstation (TWS). DMA, API trading and multi-currency-based accounts are also available to traders.
MetaTrader 4 (MT4)
MetaTrader 4 is known in the trading community as one of the best, if not the best, trading platform available. It has been that way for over a decade. The MT4 platform has risen to acclaim thanks to 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
For those that are looking to access global markets and multiple exchanges, the Trader Workstation platform is the go-to choice. Offering clients a multi-currency account, TWS allows for share trading on over 30 global exchanges, and has news and research built right into the platform.
Traders using the TWS platform get access to over 8,800 equities, along with ETFs, options, futures, and more. Clients get detailed reporting and reliable execution.
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.
TWS has other helpful tools too, 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.
There are a number of deposit and withdrawal options at Rockfort Markets such as bank transfer, credit cards, debit cards, and POLi Pay and BitWallet. It is very convenient for any user, however it should also be noted that not all countries have access to all the possible deposit/withdrawal options. There could also be fees charged by the payment networks for some methods, although Rockfort Markets does not levy any fees themselves.
Many withdrawals are processed within 24 hours and received instantly by the client, however it should be noted that bank transfers can often take several days to clear.
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 and Telegram.
Telephone: +64 9 281 2012
Rockfort Markets is an established broker located in New Zealand and offering a huge range of CFD products to traders from all across the globe. With the combination of all these assets, and the excellent MetaTrader 4 or Trader Workstation platforms, there’s very few traders who couldn’t benefit from working with Rockfort Markets.
Beginners will appreciate the $200 minimum deposit on the standard account, while professional traders can benefit from the PRO level account and its additional perks. Plus, all traders get access to Trading Central, which is an excellent way to save time and money on research and education.
Add in the regulation and segregated accounts and there is little reason not to choose Rockfort Markets as your dedicated broker.
No Dealing Desk