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AvaTrade , RockGlobal Broker Comparison

Do you want to know which is the better broker between AvaTrade and RockGlobal ?

In the table below, you can compare the features of AvaTrade , RockGlobal side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
AvaTrade
8.3
Regulated
Under guarantee
15-20 years
ASIC,FSA,FFAJ,ADGM,CBI,FSCA,ISA,KNF
--
AA
D
850.4
257
257
284
1962
1962
1671
AA

EURUSD: -0.1

XAUUSD: 1.1

23
-2
23
AA
12.17 USD/Lot
28.99 USD/Lot
AAA

Long: -2.53

Short: 0.34

Long: -6.89

Short: 0.93

C
0.3
230.1
--
--
--
--
--
--
--
--
--
--
--
--
RockGlobal
6.27
Regulated
Under guarantee
--
5-10 years
FMA
--
AA
A
521.3
254
254
266
1998
1998
1342
B

EURUSD: 0.2

XAUUSD: 2

11
-1
11
B
17.8 USD/Lot
31.74 USD/Lot
AA

Long: -5.29

Short: 2.41

Long: -30.8

Short: 18.9

AA
0.4
9.5
PRO ACCOUNT,STANDARD ACCOUNT
--
$ 2,000
1:500
0.0 pips
0.00
--
0.01​
--

AvaTrade 、 RockGlobal BrokersRelevant information

AvaTrade 、 RockGlobal BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of ava-trade, rockfort lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

ava-trade
AvaTrade Basic Information
Founded 2006
Headquarters Dublin, Ireland
Regulation ASIC, CBI, FSA, FSCA, FSC, CBI, FFAJ
Type of Broker Market Maker
Minimum Deposit $100
Tradable Assets Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
Leverage 1:30 (for retail clients), 1:400 (for professional accounts)
Min. Spreads 0.9 pips on the EUR/USD pair
Trading Platforms AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, DupliTrade
Mobile Trading Yes
Payment Methods Credit/Debit Card, Bank Transfer, E-wallets, Rapid Transfer
Customer Support Live Chat, Phone, Email, Knowledge Base
Educational Material Webinars, E-books, Trading Videos, Articles, Academy

Overview of Avatrade

Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, CBI, FSA, FSCA, FSC, CBI, FFAJ.

As a market maker broker, Avatrade offers a range of tradable assets including forex, CFDs, stocks, indices, commodities, and cryptocurrencies. The broker provides clients with access to multiple trading platforms, including AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, and DupliTrade. Mobile trading is also available.

Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including credit/debit card, bank transfer, e-wallets, and Rapid Transfer.

Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including webinars, e-books, trading videos, and articles.

basic-info

Is Avatrade Legit or a scam?

Avatrade is regulated by multiple financial regulatory authorities, including the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the Financial Services Commission (FSC) of the British Virgin Islands, and the Financial Services Authority (FSA) and The Financial Futures Association of Japan (FFAJ). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.

  • Ava Capital Markets Australia Pty Ltd - authorized by ASIC (Australia) registration no. 406684

  • AVA Trade EU Ltd - authorized by Central Bank of Ireland (CBI)

  • Ava Capital Markets Pty Ltd - authorized by FSCA (South Africa) registration no. 45984

  • Ava Trade Japan K.K. - authorized by FSA (Japan) registration no. 2010401081157 and FFAJ registration no. 1574

  • Ava Trade Middle East Ltd - authorized by FRSA (Abu Dhabi Global Markets) registration no. 190018

  • AVA Trade EU Limited - authorized by the Financial Conduct Authority (FCA), holding a license of European Authorized Representative (EEA), registration no. 504072

regulation
regulation
regulation
regulation
regulation
regulation

Pros and Cons of Avatrade

When it comes to choosing a broker, it's important to carefully consider the pros and cons to determine which one is right for you. Some potential advantages of a broker may include competitive fees and spreads, a user-friendly platform, and a wide range of deposit and withdrawal options. Additionally, a regulated broker can provide peace of mind knowing that your funds are protected.

However, there may also be potential downsides to consider, such as limited trading instruments, customer support options, and research tools. A high minimum deposit requirement and limited bonus offers may also be a drawback for some traders.

Pros Cons
Regulated by reputable financial authorities Avatrade's minimum deposit requirements are relatively high compared to other brokers, which may make it difficult for some traders to get started.
Competitive spreads and fees Limited bonus and promotional offers
Multiple trading platforms No online chat supported
Wide range of deposit and withdrawal options Limited trading instruments
Acceptable minimum deposit Limited customer support options
Rich and Free educational resources
Access to advanced trading tools and features
Low to no slippage during high volatility
Automated trading allowed

Market Intruments

Avatrade offers a wide range of trading instruments across various markets, including forex, stocks, commodities, cryptocurrencies, spread betting, FX OPtions. Here's a breakdown of the market instruments available:

  • Forex: Avatrade offers more than 50 currency pairs, including major, minor, and exotic pairs.

  • Stocks: Traders can trade stocks from major global exchanges, such as NASDAQ, NYSE, LSE, and more.

  • Commodities: Avatrade offers trading in precious metals like gold and silver, energy commodities like oil and gas, and agricultural commodities like wheat and coffee.

  • Cryptocurrencies: This broker offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as lesser-known coins like Dash, Monero, and NEO.

  • Indices: Avatrade provides access to major indices, including the S&P 500, NASDAQ, FTSE 100, and more.

  • FX options allow traders to take advantage of currency movements while limiting their risk. With FX options, traders can set a specific strike price at which they want to buy or sell a currency pair, and the option will be exercised only if the market reaches that price. This allows traders to potentially profit from market movements while limiting their potential losses.

  • Spread betting is a tax-free way to speculate on the direction of various financial markets, including forex, commodities, and indices. With spread betting, traders can bet on whether the market will rise or fall and potentially profit from both upward and downward movements.

products
Pros Cons
Wide range of instruments including forex, stocks, commodities, and cryptocurrencies No trading in futures or options
Trading available in CFDs, spread betting, and options Spread betting only available for UK and Irish residents
Access to FX options for forex traders Limited leverage on certain instruments
Competitive spreads on major forex pairs Overnight fees on positions held past market hours
No commission fees on trades Limited availability of certain instruments during non-market hours

Account Types

When it comes to account types, Avatrade only offers a standard account. This means that all clients will have access to the same features and trading conditions, regardless of the size of their deposit.

The standard account provides access to all of Avatrade's trading instruments, including forex, stocks, commodities, and cryptocurrencies. This means that traders can diversify their portfolio and take advantage of different market conditions, all within the same account.

Avatrade has a minimum deposit requirement of $100, which is relatively low compared to other brokers in the industry. For example, brokers like IG and Saxo Bank have a minimum deposit requirement of $300 and $10,000, respectively. However, there are other brokers that have a lower minimum deposit requirement than Avatrade. For instance, Pepperstone and XM have a minimum deposit requirement of $0 and $5, respectively.

Pros Cons
Low minimum deposit requirement of $100 Only offers one account type (Standard Account)
Negative balance protection for all accounts Limited account funding options
Wide range of payment methods available Inactivity fee charged after 12 months of no trading
No commission charges on trades Limited customization options for account settings
Access to a wide range of trading instruments No Islamic accounts available for Muslim traders
Dedicated account manager for high depositors Limited educational resources for beginner traders
Demo Accounts Available Demo accounts valid for 21 days only

Demo Accounts

Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. The demo account allows traders to access the full range of trading instruments and features on the Avatrade platform using virtual funds. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading. The demo account is available for 21 days and can be renewed upon request.

How to open an account?

When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.

  • First, you need to visit the Avatrade website and click on the “Register” button, which is prominently displayed on the homepage.

open-account
  • Then, you will then be taken to a registration form where you will need to provide your personal information, such as your name, email address, and phone number. You will also need to create a password and select your account currency.

open-account
  • After filling out the registration form, you will need to verify your identity by submitting a copy of your government-issued ID and a recent utility bill or bank statement. This is a standard requirement for all regulated brokers and is done to ensure the security and integrity of the trading platform.

  • Once your account is verified, you can fund your account using one of the many payment options available, such as credit/debit card, bank transfer, or electronic wallets like Neteller or Skrill. After funding your account, you can download the Avatrade trading platform or use the web-based version to start trading.

Leverage

Avatrade offers leverage of up to 1:400 for forex trading and up to 1:200 for other instruments such as commodities and indices. This means that traders can control a larger position with a smaller amount of capital. However, it's important to keep in mind that leverage can magnify both profits and losses, and traders should use it responsibly and with caution.

Avatrade also offers a range of leverage options for different account types, including 1:30 for retail clients in compliance with ESMA regulations and 1:400 for professional clients. It's important to note that professional clients must meet certain criteria to qualify for higher leverage.

Overall, Avatrade's leverage offerings are competitive with other brokers in the industry and can provide traders with greater trading opportunities. However, traders should always consider their risk management strategies and use leverage responsibly.

Spreads & Commissions (Trading Fees)

Avatrade offers competitive spreads and charges no commission fees for trading on its platform. The spreads offered by Avatrade vary depending on the trading instrument and market conditions. For example, the typical spread for EUR/USD is 0.9 pips, while for GBP/USD, it is 1.5 pips. Spreads for other instruments, such as indices and commodities, also vary.

However, it's important to note that spreads can vary depending on market conditions and volatility. Additionally, Avatrade charges commissions on certain trading instruments such as CFDs, which can impact the overall cost of trading. Traders should compare the spreads and commission rates of Avatrade with other brokers to determine if it meets their trading needs and preferences.

spread-commission
Pros Cons
Competitive spreads on major currency pairs such as EUR/USD Wide spreads on some exotic currency pairs
Fixed spreads available on certain account types Higher spreads on CFDs compared to some other brokers
No commission fees charged on trades Overnight and weekend rollover fees charged on positions held for more than 1 day
No deposit or withdrawal fees Inactivity fee charged after 12 months of no trading activity
No hidden fees Minimum deposit of $100 may be considered high for some traders

Non-Trading Fees

Non-trading fees are the fees that a broker charges for activities other than trading, such as deposit and withdrawal fees, inactivity fees, and account closure fees. These fees can significantly impact the profitability of a trader, and it's important to be aware of them when choosing a broker.

Avatrade has several non-trading fees that traders should be aware of. Here's a breakdown of the fees:

Fee type Amount Description
Deposit fee Free Avatrade does not charge any fees for deposits.
Withdrawal fee $25-$50 The withdrawal fee depends on the payment method used.
Inactivity fee $50 per quarter Charged if there is no trading activity for three months.
Account closure fee Free Avatrade does not charge a fee for closing an account.

Overall, Avatrade's non-trading fees are reasonable compared to other brokers in the industry. The deposit fee is free, which is a significant advantage, but the withdrawal fee can be relatively high, depending on the payment method used. The inactivity fee is also something to keep in mind, as it can add up quickly if there is no trading activity. However, it's important to note that the inactivity fee is only charged after 12 months of inactivity, which is longer than some other brokers.

Trading Platform

Avatrade offers a selection of trading platforms that are designed to meet the needs of different types of traders. Here are some of the trading platforms offered by Avatrade:

  1. AvatradeGO: This is a mobile app that is available on both iOS and Android platforms. It allows traders to access their accounts and trade on the go.

  2. MT4: Avatrade offers the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its user-friendly interface, advanced charting tools, and a range of custom indicators and expert advisors.

  3. MT5: Avatrade also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4. MT5 has several new features, including more advanced charting tools, a wider range of order types, and improved back-testing capabilities.

  4. WebTrader: Avatrade's WebTrader platform allows traders to access their accounts and trade directly from their web browser. The platform is easy to use and offers a range of trading tools and indicators.

  5. AvaOptions: This is Avatrade's platform for trading options. It offers a range of options trading tools, including risk management tools, and a range of customizable trading strategies.

trading-platform
trading-platform

Deposit & Withdrawal

Avatrade offers a variety of deposit and withdrawal options to its clients. The methods available may vary depending on the client's location and the currency used.

Deposit options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others. The processing time for deposits is usually instant or up to one business day.

Withdrawal options include bank wire transfer, credit/debit card, Neteller, Skrill, WebMoney, and others. Withdrawals usually take 1-2 business days to process.

Avatrade does not charge any deposit or withdrawal fees, but clients may incur fees from their payment provider or bank.

deposit-withdrawal

To withdraw funds from your Avatrade account, you need to follow these steps:

  1. Log in to your Avatrade account.

  2. Click on the “Withdraw Funds” tab located in the main menu.

  3. Choose your preferred withdrawal method from the list of available options, such as bank wire, credit card, or electronic payment systems like Skrill or Neteller.

  4. Enter the amount you want to withdraw and any necessary payment details.

  5. Review and confirm the transaction details.

  6. Submit your withdrawal request.

It's important to note that Avatrade requires you to withdraw funds using the same payment method that you used to deposit funds into your account. The processing time for withdrawals varies depending on the payment method, but Avatrade strives to process all withdrawal requests within 24 hours.

Customer Support

Avatrade offers customer support through multiple channels, including live chat, phone support, email, and an online contact form. They have customer support available in multiple languages, including English, Spanish, French, German, Italian, Portuguese, Arabic, and Chinese.

Their customer support team is available 24/5, meaning that they are available Monday through Friday to help with any questions or concerns that traders may have. They also have a comprehensive FAQ section on their website, which covers a wide range of topics related to the platform and trading.

Avatrade's customer support has received positive reviews for their responsiveness and helpfulness. They also offer free educational resources to help traders improve their skills and knowledge.

customer-support

Educational Resources

Avatrade offers a variety of educational resources to help traders improve their skills and knowledge. They have a comprehensive educational section on their website that includes a range of materials such as e-books, video tutorials, webinars, and trading courses.

The e-books cover a range of topics, from basic trading concepts to advanced strategies. The video tutorials are easy to follow and cover a variety of topics, including trading platforms, technical analysis, and risk management.

Avatrade also offers webinars that are conducted by experienced traders and cover a variety of topics. These webinars are interactive, allowing participants to ask questions and receive feedback from the presenter. Additionally, they offer a range of trading courses for beginners, intermediate and advanced traders.

educational-resources
educational-resources
educational-resources

Conclusion

Avatrade is a well-established broker with a long history of providing trading services to traders worldwide. They offer a variety of trading instruments, including forex, commodities, and cryptocurrencies, with competitive spreads and leverage options. Their trading platform is user-friendly and provides a range of advanced tools and features for traders of all skill levels. Additionally, they provide excellent customer support, educational resources, and a demo account for traders to practice their strategies. However, there are some downsides to consider, such as higher non-trading fees and limited account options.

FAQs

  • Q: Is Avatrade regulated?

A: Yes, Avatrade is regulated by multiple reputable authorities, including the Central Bank of Ireland, the Financial Services Commission in the British Virgin Islands, and the Australian Securities and Investments Commission.

  • Q: Does Avatrade offer a demo account?

A: Yes, Avatrade offers a free demo account for traders to practice and test their strategies before trading with real money.

  • Q: What is the minimum deposit requirement for Avatrade?

A: The minimum deposit requirement for Avatrade is $100.

  • Q: What trading instruments are available on Avatrade's platform?

A: Avatrade offers a wide range of trading instruments including forex, stocks, commodities, indices, cryptocurrencies, and more.

  • Q: What is the maximum leverage offered by Avatrade?

A: The maximum leverage offered by Avatrade is 1:400.

  • Q: Does Avatrade charge any trading fees?

A: Yes, Avatrade charges spreads and commissions on certain trading instruments.

  • Q: What deposit and withdrawal methods are available on Avatrade's platform?

A: Avatrade offers a variety of deposit and withdrawal methods including credit/debit cards, bank transfers, and e-wallets such as PayPal, Skrill, and Neteller.

  • Q: Does Avatrade provide educational resources for traders?

A: Yes, Avatrade provides a range of educational resources including webinars, e-books, trading courses, and more.

  • Q: What kind of customer support does Avatrade offer?

A: Avatrade offers 24/5 customer support through phone, email, as well as an extensive FAQ section on their website.

rockfort
RockGlobal Basic Information
Registered Country/Region New Zealand
Regulations FMA
Tradable Assets Forex, Metals&Commodities, Indices, Cryptocurrencies
Account Types Standard Account, ECN ccount
Minimum Deposit $50
Maximum Leverage 500:1
Minimum spread from 0.0 pips
Deposit & Withdrawal Local Bank, Credit/Debit Cards, E-Wallets, Bankwire, Cryptocurrency
Trading Platforms MetaTrader 4
Customer Support Phone, Email, Live chat
Education Resources Economic Calendar, Trading Calculator, Forex Basics, News

Overview of RockGlobal

RockGlobal is a legitimate online trading platform registered in New Zealand (certificate number 509766) and offers its services to a diverse range of traders. With a wide selection of market instruments including 140+ currency pairs, stock indices, commodities, precious metals, and cryptocurrencies, RockGlobal allows traders to access multiple markets and diversify their portfolios. The platform provides two account types: the Standard Account with spreads starting from 1.0 pip and no commission fees, and the ECN Account with even tighter spreads from 0.0 pip and a $5 commission per standard lot traded. Traders can leverage their positions up to 500:1, amplifying potential profits but requiring responsible risk management. RockGlobal utilizes the popular MetaTrader 4 (MT4) platform, known for its advanced features and user-friendly interface, offering real-time market quotes, fast order execution, and customizable trading strategies. The platform also provides dedicated customer support available 24/7 via phone, email, and live chat. However, it is important to note the lack of deposit and withdrawal information on the website, commission fees for the ECN Account, minimum deposit requirements of $50 for the Standard Account and $500 for the ECN Account, the risk of trading with high leverage, and the limited educational resources provided. Traders are advised to exercise caution and seek additional information when considering RockGlobal as their trading platform.

basic-info

Is RockGlobal legit or a scam?

Yes, RockGlobal is registered in New Zealand and has obtained a certificate authorized by the Financial Markets Authority with certificate number 509766. However, investors are still advised to exercise caution when making investments.

regulation

Market Intruments

RockGlobal offers a comprehensive range of market instruments to cater to the diverse trading preferences of its clients. The platform provides access to an extensive selection of financial assets, including:

  1. Forex: RockGlobal offers a wide range of currency pairs for forex trading. Traders can choose from over 140 currency pairs, including major, minor, and exotic pairs. This allows investors to participate in the global forex market and capitalize on currency fluctuations.

  2. Metals & Commodities: The platform provides trading opportunities in precious metals and commodities. Traders can access popular metals like gold, silver, platinum, and palladium. Additionally, RockGlobal offers trading in various commodities, such as oil, natural gas, and agricultural products. Trading metals and commodities enables investors to diversify their portfolios and potentially benefit from price movements in these markets.

  3. Indices: RockGlobal allows traders to trade a wide range of stock indices from around the world. Popular indices such as the S&P 500, NASDAQ, FTSE 100, and DAX are available for trading. By trading indices, investors can speculate on the overall performance of stock markets and take advantage of market trends.

  4. Cryptocurrencies: RockGlobal offers trading in a range of cryptocurrencies. Traders can access popular digital currencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Trading cryptocurrencies provides investors with opportunities to capitalize on the volatility and potential price movements in the crypto market.

With its broad selection of market instruments, including 140+ currency pairs, stock indices, commodities, precious metals, and crypto CFDs, RockGlobal ensures that traders have access to diverse trading opportunities across different financial markets.

market-instruments

Pros and Cons

RockGlobal offers a diverse range of market instruments, competitive spreads, and high leverage of up to 500:1. With the popular MT4 platform and dedicated customer support, traders have access to advanced tools and assistance. However, the lack of deposit and withdrawal information, the risk of high leverage, and limited educational resources should be taken into consideration.

Pros Cons
Diverse Market Instruments Lack of Deposit and Withdrawal Information
Competitive Spreads Risk of Trading with High Leverage
High Leverage Limited Educational Resources
MetaTrader 4 (MT4) Platform
Dedicated Customer Support

Account Types

RockGlobal offers two different types of trading accounts to suit the needs of different traders:

  1. Standard Account:

  • Spreads: The Standard Account offers spreads starting from 1.0 pip. Traders can benefit from tight spreads, which can enhance their trading profitability.

  • Commission: There is no commission charged on trades conducted through the Standard Account. This means that traders can focus on their trading strategies without incurring additional transaction costs.

  • Minimum Deposit: The minimum initial deposit required to open a Standard Account is $50. This allows traders with different budget sizes to start trading with RockGlobal.

  • Maximum Leverage: The Standard Account provides a maximum leverage of 500:1. This allows traders to control larger positions in the market with a smaller capital investment. However, it's important to use leverage responsibly and manage risk effectively.

  1. ECN Account:

  • Spreads: The ECN Account offers competitive spreads starting from 0.0 pip. Traders can benefit from the tightest possible spreads, leading to potentially lower trading costs.

  • Commission: Trades conducted through the ECN Account are subject to a commission of $5 per standard lot. This transparent fee structure ensures that traders have full visibility of the costs associated with their trades.

  • Minimum Deposit: The minimum initial deposit required to open an ECN Account is $500. This account type is suitable for traders who are ready to commit a higher amount of capital to their trading activities.

  • Maximum Leverage: The ECN Account also provides a maximum leverage of 500:1, allowing traders to maximize their trading potential while managing their risk exposure effectively.

Both account types offered by RockGlobal provide traders with access to a high leverage ratio of 500:1, enabling them to control larger positions in the market. The choice between the Standard Account and the ECN Account depends on individual trading preferences and capital requirements.

account-types

How to open an account?

Opening an account with RockGlobal involves the following steps:

  1. Register an Account: Visit the RockGlobal website and click on the “Register” or “Open Account” button. Provide the required personal information, including your full name, email address, phone number, and country of residence. Create a username and password for your account.

    open-account
open-account

2. Identity Verification: Complete the identity verification process. This usually involves submitting the required documents, such as a valid passport or government-issued ID, proof of address (utility bill or bank statement), and any additional documentation requested by RockGlobal. The verification process is essential to ensure compliance with regulatory requirements and to maintain the security and integrity of the trading platform.

3. Deposit Funds: Once your account is registered and verified, you can proceed to deposit funds into your trading account. RockGlobal typically offers multiple deposit methods, including bank wire transfer, credit/debit card, and electronic payment systems. Choose the most convenient method for you and follow the instructions provided by RockGlobal to complete the deposit process. The minimum deposit amount for the Standard Account is $50, while the ECN Account requires a minimum deposit of $500.

4. Start Trading: After your account is funded, you can start trading. Download and install the trading platform provided by RockGlobal, such as MetaTrader 4 (MT4) or a proprietary platform. Use your account login credentials to access the platform. Familiarize yourself with the platform's features, including charting tools, order types, and risk management options. Select the desired financial instruments from the available markets, such as forex, metals, commodities, indices, or cryptocurrencies, and execute your trades according to your trading strategy.

Please note that the account opening process and specific requirements may vary slightly depending on the jurisdiction and regulatory framework. It is recommended to refer to the official RockGlobal website or contact their customer support for the most up-to-date and accurate information regarding the account opening process.

Leverage

RockGlobal provides a maximum leverage of 500:1, allowing traders to amplify their potential profits or losses by up to 500 times their initial investment. This high leverage offers the opportunity to trade larger positions in the market with a relatively smaller amount of capital. However, it is essential for traders to exercise responsible risk management and fully understand the implications of trading with high leverage.

Spreads & Commissions (Trading Fees)

In the Standard Account, the spreads start from as low as 1.0 pip, providing traders with favorable pricing. This account type does not charge any commissions on trades. On the other hand, the ECN Account offers even tighter spreads starting from 0.0 pips, ensuring competitive pricing for traders. However, this account type does have a commission fee of $5 per standard lot traded. These options cater to different trading preferences, allowing traders to choose the account type that best suits their needs.

Trading Platform

RockGlobal utilizes the popular MetaTrader 4 (MT4) trading platform. MT4 is known for its advanced features and user-friendly interface, providing traders with a seamless and efficient trading experience. With MT4, traders have access to a wide range of tools and functionalities, including advanced charting capabilities, multiple timeframes, technical indicators, and customizable trading strategies. The platform also supports automated trading through expert advisors (EAs), allowing for the execution of trades based on pre-set conditions. With real-time market quotes, fast order execution, and comprehensive analysis tools, MT4 on RockGlobal ensures a powerful and flexible trading environment.

trading-platform

Deposit & Withdrawal

RockGlobal's official website does not provide information about specific deposit and withdrawal methods. However, typically, brokers of similar nature allow various deposit and withdrawal options, including Credit/Debit Cards, E-Wallets, Bank Wire transfers, and Cryptocurrencies. It is important to note that the minimum deposit requirement for RockGlobal is $50. Traders interested in opening an account with RockGlobal are advised to contact their customer support or account manager for detailed information regarding the available deposit and withdrawal methods.

Customer Support

RockGlobal values its customers and provides excellent customer support services. Their dedicated staff is available 24/7 to assist traders in any way possible. Whether you have questions about your account, technical issues, or need guidance with trading-related inquiries, RockGlobal's customer support team is ready to provide prompt and helpful assistance.

You can reach out to the customer support team via various channels, including phone, email, and live chat. They understand the importance of timely communication and strive to ensure that your queries are addressed promptly and effectively. Additionally, RockGlobal offers live chat support on social media platforms like Facebook, further enhancing accessibility and convenience for their clients. Rest assured that RockGlobal is committed to delivering a high standard of customer support to ensure a smooth and satisfactory trading experience.

 customer-support

Educational Resources

RockGlobal offers a range of educational resources to support traders in their trading journey. These resources include an economic calendar, which provides timely information about upcoming news events that can impact market conditions. By staying informed about these events, traders can make better-informed decisions based on fundamental analysis.

The trading calculator is another valuable tool provided by RockGlobal, enabling traders to calculate important trading parameters such as point value, spread cost, and estimate potential profits and losses. This calculator assists traders in managing risk and optimizing their trading strategies.

RockGlobal also offers educational materials on Forex Basics, providing traders with essential knowledge about the foreign exchange market. Understanding the fundamentals of forex trading, including currency pairs, market dynamics, and trading principles, can help traders navigate the market more effectively.

Additionally, RockGlobal's professional market analysis team provides up-to-date news coverage, allowing traders to stay ahead of the curve and identify potential trading opportunities before others. This access to timely news and market analysis enhances traders' decision-making process and helps them stay informed about global events impacting financial markets.

 educational-resources

Conclusion

RockGlobal, registered in New Zealand, offers a wide range of market instruments including 140+ currency pairs, stock indices, commodities, precious metals, and cryptocurrencies. With competitive spreads, high leverage of up to 500:1, and the popular MT4 platform, traders have diverse trading opportunities and access to advanced tools. However, the lack of deposit and withdrawal information, commission fees for the ECN Account, minimum deposit requirements, and the need for responsible use of high leverage should be considered. Additionally, while dedicated customer support is provided, there may be limited educational resources.

FAQs

Q: Is RockGlobal a regulated broker?

A: Yes, RockGlobal is a regulated broker. It is authorized and regulated by the Financial Markets Authority with certificate number 509766.

Q: What trading instruments are available at RockGlobal?

A: RockGlobal offers a wide range of trading instruments, including 140+ currency pairs, stock indices, commodities, precious metals, and cryptocurrencies.

Q: What trading platforms does RockGlobal offer?

A: RockGlobal offers MetaTrader 4 trading platform.

Q: Does RockGlobal offer educational resources for traders?

A: Yes, RockGlobal offers a range of educational resources for traders, including Economic Calendar, Trading Calculator, Forex Basics, News.

Q: What is the minimum deposit required to open an account with RockGlobal?

A: The minimum deposit required to open an account with RockGlobal is $50.

Q: Does RockGlobal offer any bonuses or promotions?

A: Yes, RockGlobal offers trading with a 20% credit bonus and an additional 10% bonus on subsequent deposits.

Q: What is the maximum leverage offered by RockGlobal?

A: The maximum leverage offered by RockGlobal is 1:500.

Are the transaction costs and expenses of ava-trade, rockfort lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive ava-trade and rockfort are, we first considered common fees for standard accounts. On ava-trade, the average spread for the EUR/USD currency pair is -- pips, while on rockfort the spread is 0.0 pips.

Which broker between ava-trade, rockfort is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

ava-trade is regulated by ASIC,FSA,FFAJ,ADGM,CBI,FSCA,ISA,KNF. rockfort is regulated by FMA.

Which broker between ava-trade, rockfort provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

ava-trade provides trading platform including -- and trading variety including --. rockfort provides trading platform including PRO ACCOUNT,STANDARD ACCOUNT and trading variety including --.

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