Cookies are used at this website. By continuing to browse it, you agree with our Cookie Policy.

Rockfort Markets review and ratings

Established 2014
Location New Zealand
Regulation FSPR, FMA
Offices Auckland
Broker type STP | DMA
Leverage up to 1:100
Deposit from 500 USD
Spreads mid  mid
Platforms Web MetaTrader 4 Specific
Instruments Currencies Crypto Indices Metals Energies Stocks ETFs
Funding methods Wire Transfer Credit Cards Skrill POLi

Company information

Rockfort Markets is a forex broker located in New Zealand, regulated by the Financial Service Providers Register (FSPR) and the Financial Markets Authority (FMA).

Availability

Rockfort Markets accepts clients from all over the world, excluding USA, China, Cuba, Iran, Laos, Mozambique, Myanmar, North Korea, Sudan, Syria.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
11 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
2 Energy CFDs Based on Crude Oil (WTI, Brent).
5000+ Stock CFDs Based on shares of AU, CA, US, UK, EU and Asia-Pacific companies.
100+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Rockfort Markets offers most Stocks/ETFs and a variety of Futures/Options on their Trader Workstation trading platform.

Comprehensive review

Established in New Zealand in 2014, Rockfort Markets is a forex broker that offers trading in forex, crypto, thousands of stocks and various commodities on its own trading platform, and on the MT4 platform. The broker holds a Derivative Issuer Licence from New Zealand’s Financial Markets Authority (FMA), which makes it a fully regulated broker in its home country.

Perhaps most interesting about Rockfort Markets is the huge selection of stocks that the broker offers, from companies listed in Australia, Canada, the UK, US, EU, and several Asian countries. Keep in mind, however, that most of these assets are only available through the Trader Workstation (TWS) platform, and not on MetaTrader 4 (MT4). Conversely, some CFDs, such as cryptocurrency CFDs, are only available on the MT4 platform and not on TWS.

Important to note about the TWS platform is that this is not a proprietary platform Rockfort Markets, but instead a white label platform provided by the US-based brokerage firm Interactive Brokers. This essentially means that although the platform is not well-known in the forex trading community, it does have strong backers and a large number of users worldwide. There is also plenty of helpful information about the platform available online, including a number of video tutorials on YouTube by Interactive Markets.

Both TWS and MT4 are downloadable trading platforms that exist in a full version for desktop computers, as well as in mobile versions for iOS and Android devices. One benefit the TWS platform has over MT4, however, is that it is also available in a dedicated version for Mac computers. Fortunately, new clients with Rockfort Markets can choose to download and use both platforms when they sign up with the broker.

Trading accounts with Rockfort Markets can be opened in either New Zealand dollars or US dollars. To open a “Standard” STP-type retail trading account, a minimum deposit of USD 500 is needed, while a deposit of USD 20,000 or more is necessary to qualify for the professional ECN-type account.

A great thing with brokers regulated in New Zealand is that these still offer high trading leverage of up to 1:500 on the most liquid forex pairs. This stands in sharp contrast to the maximum 1:30 leverage that has now become the law in both Australia and the EU. And to make things even better for traders seeking ultra-high leverage, Rockfort Markets also says on its website that “increased leverage accounts” (above 1:500) can be provided upon request.

When time comes to fund the trading account, clients with Rockfort Markets have the choice of using payment cards like Visa and MasterCard, Skrill and international bank wire transfers. In addition to these methods, New Zealand residents also have the option of making a domestic bank transfer or using the online payment provider POLi. Important to keep in mind, however, is that Rockfort Markets does charge a rather high processing fee of 3% for Skrill and credit card deposits. This fee is simply too high to justify in our view, and means that those payment methods should be avoided.

For any issue that requires customer service, Rockfort Markets own support team can be reached via email, Facebook Messenger, Telegram, or a New Zealand phone number. The broker also has dedicated phone numbers to the relevant departments for risk & compliance and account opening, which is something we appreciate.

In conclusion, we would like to emphasize that we’re very happy to see a fully regulated broker that still offers as high trading leverage as Rockfort Markets does. It’s also great in our view to get access to the high leverage on such a large range of trading instruments, including thousands of stocks listed around the world. As a result, we believe this is a broker that will be on the radar of many high leverage stock traders, and especially those that are interested in trying out the TWS trading platform from Interactive Brokers.

No reviews yet

No reviews from traders yet.
Rating