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Rockfort Markets, a New Zealand-based forex and CFD broker, has established itself as a competitive player in online trading since its inception in 2014. The broker boasts a wide range of trading instruments, offering clients access to forex, commodities, cryptocurrencies, indices, and thousands of stocks. This diversity is paired with attractive leverage options reaching up to 1:500 and low trading costs, appealing particularly to intermediate and advanced traders. However, Rockfort Markets faces scrutiny with regards to regulatory transparency and customer service, where complaints of delayed withdrawals and subpar support services have raised concerns among users. As such, potential clients must weigh both the enticing features and the notable red flags when considering this broker.
Before engaging with any trading broker, its crucial to conduct thorough due diligence to mitigate risks associated with trading activities. This includes:
Risk Statement: Forex and CFD trading involves high risk and may not be suitable for all investors. Ensure you fully understand your investment and financial situation before trading.
Dimension | Rating (out of 5) | Justification |
---|---|---|
Trustworthiness | 3.5 | Regulated by the FMA, but the review indicates mixed feedback regarding transparency and user complaints. |
Trading Costs | 4 | Competitive spreads and low commissions, although international withdrawal fees are high. |
Platforms & Tools | 4 | Provides access to MetaTrader 4 and Trader Workstation, both of which are popular and functional platforms. |
User Experience | 3 | Mixed reviews on customer service efficiency; some complaints about slow response times during peak periods. |
Customer Support | 3 | Available via multiple channels but reports suggest slow responses, especially in peak trading times. |
Account Conditions | 4.5 | Flexible account types available with low minimum deposits, plus high leverage options are advantageous for traders. |
Rockfort Markets was established in 2014, with its headquarters in Auckland, New Zealand. Over the years, it has aimed to foster a trading environment that combines safety with diverse market access options. The broker is regulated by the Financial Markets Authority (FMA), which strengthens user trust through enforced financial governance.
The main business activities of Rockfort Markets include offering a wide selection of financial instruments across multiple asset classes such as forex, stocks, and cryptocurrencies. The broker's regulatory status under the FMA affirms its commitment to complying with industry standards, although concerns about the effectiveness of its regulatory adherence have been noted.
Feature | Details |
---|---|
Regulation | FMA (Financial Markets Authority) |
Minimum Deposit | $200 |
Maximum Leverage | Up to 1:500 |
Major Fees | Withdrawal fees up to $15 |
Trading Platforms | MetaTrader 4, Trader Workstation |
Supported Instruments | Forex, Stocks, Indices, Commodities, Crypto |
“The withdrawal process is painstakingly slow, making it difficult for traders to access their funds when needed.”
“With a $15 charge on international withdrawals, users feel it's an excessive cost for accessing their funds after trading.”
“Navigating the TWS for the first time can be challenging, but it's packed with features that experienced traders value.”
“Support can be slow, especially during high traffic periods. It frequently leaves traders in a difficult situation.”
“Responses during peak times are frustratingly slow—traders can face issues when every second counts.”
Rockfort Markets presents an appealing option for traders seeking high leverage and a diverse range of financial instruments, with the backing of a well-regarded regulatory authority. However, the mixed feedback regarding its customer service and higher non-trading fees may warrant further consideration. Prospective traders should seek to verify each aspect of Rockfort Markets adequately before confidently engaging with them, ensuring that their trading ventures are aligned with both their risk tolerance and financial goals.
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