RockGlobal Review 2024


3.6 / 5
RockGlobal is #61 in our CFD broker rankings.

RockGlobal is a great option for short-term CFD traders looking for low fees. The brand will also suit longer-term investors interested in buying shares at discounted rates.

- Daytrading Review Team

RockGlobal is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of day trading assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, RockGlobal offers peace of mind and excellent customer support.

$200
Trader Workstation (TWS), MT4
CFDs, Forex, Stocks, Indices, Commodities, Crypto, Options, Futures
30% deposit bonus
USD, EUR, AUD, NZD, JPY
Visa, Mastercard, POLi, Wire Transfer, Debit Card, Credit Card, Bitwallet

Forex Trading

Rock Global clients can access 50+ currency pairs via CFDs with leverage up to 1:500, world class liquidity and fast execution on the MT4 or TWS platforms. The tight spreads from 0.9 with no commission are a particularly attractive feature.

Stock Trading

Rock Global traders can either trade company shares directly or speculate on stock markets via CFDs. The broker covers an excellent range of markets spanning Asia-Pacific, North America and Europe. Brokerage fees start at $9.95 for US shares.

CFD Trading

Rock Global offers low-price CFDs on forex, shares, indices and commodities. The broker charges zero-commission trading on commodities and indices, and zero-spread, commission-only trading on shares. Leverage varies by instrument with 1:200 available on indices and 1:10 on blue-chip stocks.

Crypto Trading

With just five crypto CFDs and trading only available 24/5 rather than the usual 24/7, Rock Global is not the best for dedicated crypto traders. However, there are some attractive spreads on offer from 0.62 for Litecoin and 1.24 for Ethereum.

✓ Pros

  • Traders can access high-quality charting platforms with MetaTrader 4 (MT4) and Trader Workstation (TWS)
  • There are some helpful learning resources and market analysis for beginners
  • The broker offers a competitive STP/ECN model with fast execution and deep liquidity
  • High leverage is available up to 1:500
  • Direct stock trading with low brokerage fees from $0.02 per US share

✗ Cons

  • Payment methods are limited compared to other brokers, with only card payments and wire transfers available
  • The $20 inactivity fee is higher than some alternatives

RockGlobal, previously Rockfort Markets, is a New Zealand (Auckland) based broker that offers trading opportunities on the MetaTrader 4 and Trader Workstation platforms. Offering a competitive range of securities and derivatives assets with leverage options and accounts geared towards both retail and professional traders, read this 2024 review to find out more about RockGlobal, including its fees, platforms and regulation status.

RockGlobal Headlines

RockGlobal is a New Zealand-licensed and regulated broker. All client funds are held in segregated Trust accounts.

Rockfort Markets Limited is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence.

The brokerage is run from its registered address at Level 2, 22 Fanshawe St., Auckland Central, Auckland 1010. The company’s business license is 9429042010807.

RockGlobal offers CFD trading on various financial instruments ranging from spot forex to precious metals, indices, cryptos and equity indices.

The trading broker provides top notch services for its customers including a range of different banking methods for depositing and withdrawing funds.

Markets

Account holders can speculate on a range of popular financial markets:

Fees

RockGlobal does not charge a commission but instead takes its profit from the spread.

Spreads

Spreads are the difference between the quoted bid and offer prices and vary depending on the underlying asset you are trading on.

Spreads are calculated based on prevailing market conditions and payable both when you enter a contract and when you close it. Spreads typically widen when trading exotic instruments.

With forex pairs, spreads on the standard account are typically 0.9 – 1.4 pips for majors and 1.2 – 5.0 for minors. The pro account has average spreads of 0.6 for majors and 1.0 for minors.

Rollover Interest

If you hold a position overnight with RockGlobal, you may pay or receive rollover interest, also called swap charges.

The rollover rate is calculated according to the duration of the period of rollover and the spread. This is payable at the end of each trading day. Click Market Watch and select the relevant symbol specification option to view the rollover rate.

Deposit & Withdrawal Fees

RockGlobal provides three different methods for deposits. Transaction fees are displayed along with the payment method on the deposit page. For Visa/Mastercard the deposit fee is 3%.

Withdrawals can only be made using bank wire transfers which incur a fixed charge. Withdrawals in New Zealand dollars to a New Zealand bank incur no fee. Withdrawals in other currencies or to overseas banks will incur a fee of $15.

Inactivity Fee

RockGlobal charges an inactivity fee of NZD 20.00 per month for any account that is inactive for more than six months and with an account balance below $100.

Please note that fees and spreads are based on prevailing market rates and may be subject to change. Check the RockGlobal website for up to date information on charges.

Trading Platforms

The firm offers trading services on two platforms: MT4 and Trader Workstation.

MetaTrader 4

MetaTrader 4 is one of the most popular and ubiquitous trading platforms around. The platform prides itself on its fast execution and deep liquidity. Clients on RockGlobal MT4 have access to over 50 forex and CFD instruments including precious metal, index and commodity CFDs.

Rockfort markets mt4 login for forex and cfd trading
MetaTrader 4 Trading Platform

The MT4 interface is highly intuitive and provides access to extensive technical analysis tools. There are 30 built-in technical indicators available and a wide range of charting tools, including lines, bars, candlesticks, Kaji and Heikin-Ashi.

Clients can carry out chart analysis across multiple time frames, from one minute up to monthly data. MT4 also allows algorithmic trading, expert advisors (EA) can be used to automate trading 24 hours a day.

The MT4 trading platform is available for Windows, Android and iOS platforms. Using a Windows virtual environment, you can also download MT4 on your Mac iOS.

Trader Workstation

Trader Workstation (TWS) is a trading platform designed by Interactive Brokers. It allows RockGlobal clients to trade equities, shares and multiple other financial instruments.

The multi-currency account gives access to over 30 international exchanges and more than 100 markets worldwide. A free demo account is also available for users looking to learn more about the trading terminal.

TWS has an extensive range of direct market access (DMA) stock CFDs and access to the world’s most liquid exchange-traded funds (ETFs) listed on NYSE/ARCA, including SPY and TLT.

The platform also allows API and FIX Access, which means you can link a variety of third-party platforms such as Ninja Trader, Protrader and Multicharts.

You can also link MT4 via an order bridge. In-built conversion tools allow you to convert funds in your multi-currency account at a lower rate than many other brokers.

rockfort markets ltd auckland, new zealand review reddit 2024
Trader Workstation
RockGlobal TWS also provides research and market scanning tools. The market scanner allows traders to sift through the markets based on a variety of fundamental or technical criteria.

By looking for price points and setting up alerts, you can let Trader Workstation take over the tedious task of finding a market to trade on.

You can stream news directly to your TWS platform from several well-renowned sources, including Dow Jones News Wires, Bloomberg and Reuters. An up-to-date events calendar will keep you well informed on economic news like earnings announcements and dividends.

Trader Workstation can be downloaded for free as a desktop application for Windows and Mac computers. It can also run directly on your browser without the need for downloads or installations.

Mobile Trading

MetaTrader 4 and Trader Workstation both offer free mobile versions of their platforms. A functional and powerful mobile app is essential for any trader interested in placing trades on the go, wherever they are.

MT4 App

rockfort markets demo account and deposit fees
MetaTrader 4 Mobile Platform

The RockGlobal MT4 app provides the same watchlists, charting, technical analysis and order execution available on the desktop application. You can access and analyse trading information 24 hours a day. The MT4 app is available for Android (APK) and Apple (iOS) devices from the relevant app stores.

TWS App

rockfort markets fma regulated broker
Trader Workstation Mobile Platform

The TWS app is well-developed and suitable for traders of most strategies. The app allows users to run scans, place orders and research strategies directly from their phone or mobile device.

The app also supports futures, forex and ETF trading. It is available to download for Android (APK) and Apple (iOS) devices from the relevant app store.

Account Types

RockGlobal, formerly Rockfort Markets, offers one account type with a choice of either platform. The MT4 trading account offers over 50 CFD instruments while the Trade Workstation or TWS solution offers access to additional trading products.

New users can choose which trading platform they would like to use when signing up for a live account.

Demo Account

You can open a free, 30-day demo account on the MetaTrader 4 platform. On the website, click on support and select “Open Demo Account” from the drop-down menu.

You will need to fill in some personal details and then you can log in to MT4. This account replicates the live trading environment for trading currencies, commodities and indices and gives access to real-time spreads and execution speeds.

If you wish to trade shares, options and futures risk-free on the TWS platform, you will need to open a live account and then request a paper trading facility.

Leverage

Regulatory bodies in Europe, the US, Canada and Japan have capped the maximum leverage allowed for retail traders well below 1:100.

New Zealand is now one of the only countries in which regulated brokers can offer almost uncapped leverage limits. With RockGlobal, leverage is up to 1:500 on both Standard and Pro accounts.

This may seem like a blessing to traders who use high leverage rates for their strategies or simply those who trade with low amounts of capital. However, leverage is a double-edged sword and can magnify loss as much as it can profit.

Deposits & Withdrawals

RockGlobal offer several methods of depositing: Bank wire transfer (New Zealand and International Swift), credit/debit cards from Visa and Mastercard, plus POLi and BitWallet. POLi is suitable for traders from New Zealand only while BitWallet is a secure and fee-free option for international traders.

The minimum recommended deposit is $200 and you will need to note your MT4 or TWS trading account number at the funding stage.

For withdrawals, traders can use any of the methods listed above. Bank wire withdrawals in non-NZD denominations incur an additional fee of $20, which will be deducted from the withdrawn amount.

Withdrawals are usually processed the same day and can take up to five-business days, if not sooner when choosing bank wire transfers. Withdrawals via BitWallet will appear in your BitWallet account immediately.

Customer Service

RockGlobal can be reached via telephone, email, live chat and Facebook Messenger:

The broker also provides a trading assistant on Telegram. The Trader Assistant provides clients with personalised information such as key market news, technical indicators and trade ideas.

The customer support team are available 24 hours a day via any of the channels listed above.

When you set up a live account, you will also be provided with an account manager who will assist you with your trading.

Reviews of RockGlobal on sites like Reddit and Trustpilot are somewhat mixed. Many customers have had issues with withdrawals.

Read the customer agreement thoroughly and make a comparison with other brokers before investing any real capital. If you encounter an issue, be sure to report it to the relevant body.

Security & Regulation

Since RockGlobal is based out of New Zealand, the forex brokerage operates as a licensed derivatives issuer. Its trading services fall under the Financial Markets Conduct Act with the FMA (Financial Markets Authority) under license number 509766. Rockfort Markets Limited is also a member of the Financial Services Complaints Ltd. or FSCL for short. This is useful for any customer complaints.

The above licenses show the legality of RockGlobal and are a promising sign that the company isn’t running an online scam.

Although the company is based in New Zealand, its customer service and range of products are available for traders across the globe, with the exception of a few countries.

Advantages

Drawbacks

Educational Resources

RockGlobal offers a dedicated education section for traders. The learning hub contains trading guides, MT4 terminal tutorials, plus informative articles about the financial markets. These are all helpful for beginners.

For experienced investors, RockGlobal has partnered with Trading Central to support with advanced technical trading strategies. Note, access to the Trading Central area is available only for live account holders.

RockGlobal Verdict

Overall, RockGlobal offers a comprehensive range of instruments and features with no hidden fees. Furthermore, as the broker is regulated in New Zealand as a derivatives issuer, it is not subject to the same leverage caps as in Europe and North America.

Traders in New Zealand will find the option to deposit and withdraw in NZD extremely practical. However, extra fees for withdrawals made to overseas bank accounts may be a turn-off for other investors worldwide.

FAQs

What Is RockGlobal?

RockGlobal, formerly known as Rockfort Markets, is a New Zealand based broker that offers securities and derivatives trading services on the MetaTrader 4 and Trader Workstation platforms.

Where Is RockGlobal Located?

RockGlobal is based in Auckland, New Zealand. It holds a business license (number 9429042010807) and is based off Level 2, 22 Fanshawe St., Auckland Central, Auckland 1010.

When Was RockGlobal Founded?

Rockfort Markets Ltd obtained its FSM license in February 2018. It began its CFD brokerage operations in early 2019. As a New Zealand regulated forex broker, RockGlobal takes advantage of the strict regulatory environment and thus offers a strong line-up of CFD products for retail traders.

How Does RockGlobal Make Money?

RockGlobal charges a spread on a trade opened by the trader. The spread is the difference between the bid and ask price. The spread can differ depending on the financial instrument that you are trading. Overnight fees and inactivity charges also contribute to the broker’s earnings.

How Do I Deposit And Withdraw Money To And From My RockGlobal Account?

Traders can deposit and withdraw funds using Visa/Mastercard, POLI (New Zealand), Bank Wire Transfer, and BitWallet. A 3% transaction charge is applied to credit card deposits. For withdrawals, a $20 charge is applied for non-NZD currencies, such as AUD and USD.

Can I Trade On Margin With RockGlobal?

Yes – RockGlobal offers traders a standard leverage of 1:500.

In What Currency Can I Open A Trading Account With RockGlobal?

Traders have the choice of USD, NZD, AUD and JPY as the base currency. If you deposit funds in USD but choose your trading account in AUD or NZD, then the current exchange rate is applied for conversions.

Is RockGlobal A Regulated Broker?

Yes – RockGlobal is a legal and a legitimate forex broker, based in New Zealand. The company holds a derivatives issuer license with the FMA – number 509766. RockGlobal is also a member of the FSCL, which brings transparency when it comes to client complaints.

Are Client Funds Segregated At RockGlobal?

RockGlobal maintains all client deposits in a segregated account. This ensures that client capital is ring-fenced from the company’s daily operational expenses. Customer funds are held at the ANZ Bank in USD and NZD denominations. Once a customer makes a deposit to their RockGlobal trading account, the funds are transferred to the segregated account.

Is RockGlobal A Good Broker?

RockGlobal offers a wide range of products on two renowned platforms and has high leverage options. While the standard account incurs no commission fees, more competitive spreads may be found elsewhere. Be sure to make a thorough comparison of the competition before investing any real capital.

Top 3 Alternatives to RockGlobal

Compare RockGlobal with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets
  3. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone

RockGlobal Comparison Table

Compare RockGlobal With Similar Brokers
RockGlobal IG IC Markets Pepperstone
Rating 3.6 4.4 4.8 4.8
Markets CFDs, Forex, Stocks, Indices, Commodities, Crypto, Options, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $200 $0 $200 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators FSP, FMA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA ASIC, CySEC, FSA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Bonus 30% deposit bonus
Education No Yes Yes Yes
Platforms Trader Workstation (TWS), MT4 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:30 (Retail), 1:500 (Pro)
Payment Methods 7 6 14 11
Visit Visit Visit Visit Visit
Review IG
Review
IC Markets
Review
Pepperstone
Review

Compare Trading Instruments

Compare the markets and instruments offered by RockGlobal and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare RockGlobal Trading Instruments
RockGlobal IG IC Markets Pepperstone
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options Yes Yes No No
ETFs Yes Yes Yes Yes
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No Yes
Volatility Index No Yes Yes Yes

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RockGlobal is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of day trading assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, RockGlobal offers peace of mind and excellent customer support.