Learn more about Rockfort Markets.
A FX and CFD broker from New Zealand is called Rockfort Markets. Prior to this, the business went by the moniker GPP Markets.
The broker is based at Level 2, 22 Fanshawe St., Auckland Central, Auckland 1010, and is overseen and authorized by the New Zealand FSP. The business’s license number is 9429042010807.
The business provides CFD trading on a range of financial products, including spot forex, precious metals, indices, cryptocurrencies, and stock indices.
Account holders can speculate on a number of popular financial markets:
- Forex CFDs.
- contracts for the difference in commodity prices.
- Index CFDs.
- Cryptocurrency CFDs.
The spread, which varies based on the underlying asset you are trading, is the difference between the quoted bid and offer prices.
Spreads are determined based on current market conditions and are due at the end of the contract as well as at its closing. Trading with exotic instruments typically results in wider spreads.
On a regular account, spreads for currency pairs are typically between 0.9 and 1.4 pips for majors and 1.2 and 5.0 pips for minors. For major players and juniors, the average spreads on a pro account are 0.6 and 1.0, respectively.
Fees for deposits and withdrawals
Three alternative deposit options are available from the broker. On the deposit page, the payment method and transaction charge are both visible. The deposit fee for Visa and MasterCard is set at 3%.
Only bank transfers, which have a set charge, can be used for withdrawals. No commission is assessed when withdrawing money in New Zealand dollars from a New Zealand bank. There is a $15 fee for withdrawals from overseas banks or in other currencies.
The firm offers trading services on two platforms: MT4 and Trader Workstation.
One of the most well-known and widely used trading platforms in the world is MetaTrader 4. The platform takes pride in its high liquidity and quick execution. Customers of Rockfort Markets using MT4 have access to more than 50 forex and CFD products, including CFDs on commodities, indices, and precious metals.
The MT4 interface is extremely user-friendly and gives users access to a wide range of technical analysis capabilities. In addition to the 30 built-in technical indicators, lines, bars, candles, Kaji, and Heikin-Ashi are just a few of the many charting tools that are accessible.
Customers have access to various time intervals for chart analysis, ranging from one minute to monthly data. Expert Advisors (EA) can be used to automate trading 24 hours a day on MT4. This is known as algorithmic trading.
Windows, Android, and iOS systems all support the MT4 trading platform. You may also download MT4 for your Mac or iOS device using the Windows Virtual Environment.
Interactive Brokers created the trading platform known as Trader Workstation (TWS). This makes it possible for clients of Rockfort Markets to trade stocks, shares, and numerous other financial products.
With a multi-currency account, you have access to more than 30 foreign exchanges and more than 100 markets worldwide. A free demo account is also offered for customers who want to learn more about the trading terminal.
TWS provides access to the most liquid exchange-traded funds (ETFs) in the world, including SPY and TLT, as well as a wide variety of direct market access (DMA) stock CFDs.
Additionally, the platform has API and FIX access, allowing you to connect to a variety of third-party platforms like Ninja Trader, Protrader, and Multicharts.
MT4 can be connected to an order bridge as well. You can convert money in your multi-currency account at a lower rate than many other brokers thanks to built-in conversion facilities.
Tools for market research and scanning are also available from Rockfort Markets TWS. Traders can view markets using the Market Scanner based on a variety of technical or fundamental criteria.
You can let the trader’s workstation handle the tiresome chore of locating a market to trade in by keeping track of price points and setting up notifications.
From a number of well-known sources, including Dow Jones News Wires, Bloomberg, and Reuters, you can stream news directly to your TWS platform. You can stay current on economic news, such as earnings and dividend releases, by keeping an up-to-date calendar of events.
For desktop use on Windows and Mac computers, Trader Workstation can be downloaded for free. Additionally, you don’t need to download or install anything for it to run straight in your browser.
Mobile versions of MetaTrader 4 and Trader Workstation are available for free. Any trader who wants to execute transactions on the fly, wherever they are, needs a robust and useful mobile app.
The watchlists, charts, technical analysis, and order execution offered by the Rockfort Markets MT4 app are identical to those of the desktop program. You can view and evaluate trading information 24 hours a day. The MT4 app is accessible through the relevant app stores for Apple (iOS) and Android (APK) devices.
The TWS app is professionally made and suitable for traders using the majority of trading strategies. From their phone or mobile device, users may use the app to scan, place orders, and plan.
Trading in futures, currencies, and ETFs is also supported via the app. It is available from the appropriate app store for Apple (iOS) and Android (APK) devices.
Currently, the broker offers only one account type with a selection of any platform. Over 50 CFD instruments are available with an MT4 trading account, and more are accessible with a Trade Workstation or TWS solution.
When creating a live account, new users have the option of selecting a trading platform.
A free 30-day demo account is available on the MetaTrader 4 platform. Open a demo account by clicking the help link on the website and choosing it from the drop-down menu.
After providing some personal information, you can access MT4 by logging in. This account offers access to real-time spreads and execution times while simulating the actual trading environment for trading currencies, commodities, and indices.
You must first open a live account before requesting a paper trading system if you wish to trade stocks, options, and futures on the TWS platform without taking any risks.
Rockfort Markets can be contacted by phone, email, live chat and Facebook Messenger:
- Phone: +64 9 281 202
- Facebook Messenger: click here
- Live Chat: Lower right corner of the broker’s website
- Contact us at email@example.com.
- Rockfort Markets Limited, P.O. Box 5382, Victoria Street West, 1010, Auckland, New Zealand
The broker also provides a trading assistant in Telegram. Trader Assistant provides clients with personalized information such as key market news, technical indicators, and trading ideas.
Countries that Rockfort Markets does not work with
Traders cannot use Rockfort markets from Iran, Korea, Laos, Sudan, Mozambique, Syria, Myanmar, China, or the United States.
Overall, Rockfort Markets provides a large selection of features and tools without any additional costs. Additionally, the broker is exempt from the same leverage limitations that apply in Europe and North America because it is regulated as a derivatives issuer in New Zealand.
The ability to deposit and withdraw money in NZD is quite useful for New Zealand traders. But other investors all around the world might find it difficult to invest due to higher fees for withdrawing money from international bank accounts.