RockGlobal Review: The FMA Warns Investors About False Advertising

In our RockGlobal review, you will learn all there is about this brokerage company and its false claims that were noticed by the FMA in New Zealand. No broker is perfect, however, there is a line that shouldn’t be crossed when choosing one. Our evaluation will help you choose better.

RockGlobal is a regulated broker but that doesn’t mean it’s safe. The firm offers offices in New Zealand, where it has its derivates license, and in St. Vincent and the Grenadines. Read until the end to learn everything about this broker before making a decision and additionally, check out AI2Trade.

About RockGlobal

RockGlobal offers a variety of features, including educational material. Additional tools like the economic calendar and trading calculator are also available. Along with a wide selection of day trading assets, trading platforms, and instructional services, they provide competitive spreads starting at 0.1 pip and leverage up to 1:500.

However, we can’t overlook the fact that the company doesn’t even have social media, despite advertising it. Considering the FMA warning, it’s possible the Facebook page was shut down due to false advertising but the lack of transparency from this broker makes it seem like they are still active on social media. 

Additionally, considering the company has existed since 2018, the lack of reviews is concerning. Despite offering a big pool of instruments and educational material, this broker is not a reliable choice, especially considering FMA claims. Before reading on, check out Rogue Trader Academy.

RockGlobal Regulation

Rockglobal is a trademark of RockGlobal International LLC and Rockfort Markets Limited. 

New Zealand firm Rockfort Markets Limited (NZBN 9429042010807) is registered. The Financial Markets Authority has granted a derivative issuer license to Rockfort Markets Limited. FSP509766 is the Financial Service Provider No.

RockGlobal International LLC is registered with the SVG Financial Services Authority and incorporated in St. Vincent and the Grenadines under 3108 LLC 2023. The broker provides over-the-counter services.

The FMA discovered that certain claims made by Rockfort on its website and in its Facebook ads gave the false impression that trading in derivatives was “safe”. In reality, there is inherent risk involved with trading derivatives, especially the CFDs that Rockfort offers as a DI.

RockGlobal Features

In addition to indices, RockGlobal provides trading in currencies, metals, and commodities, giving traders access to a wide variety of marketplaces. Their support for trading on the well-known MT4 platform on PCs and mobile devices guarantees traders flexibility and convenience. 

To assist traders in making wise selections, RockGlobal also offers tools including an economic calendar, trading calculator, Forex fundamentals, and news. Additionally, several articles are available that can assist traders in learning more about forex and commodities.

Spreads from 0 pips and leverage up to 1:500 are tempting offers for traders, especially since the minimum investment is $50. This makes it convenient for both novice and seasoned traders and offers them an opportunity to trade a variety of assets on a popular RockGlobal trading platform.

RockGlobal Account Types

The RockGlobal deposit amount depends on the account type you choose, whereas for the Standard account, a minimum investment of $50 is required, while for the ECN account, traders are required to deposit at least $500. Take a deep look at the account types below:

Standard Account

• MT4
• Instant Execution
• Leverage up to 1:500
• Spreads 1.0 pip
• Commissions $0
• Minimum deposit $50

ECN Account

• MT4
• Instant Execution
• Leverage up to 1:500
• Spreads 0 pip
• Commissions $5
• Minimum deposit $50

RockGlobal Reviews

There are no reviews on any of the popular platforms like Trustpilot, however, we found several complaints about this broker on WikiFX. Many unfavorable evaluations about withdrawal problems have been posted on RockGlobal; individuals have complained about having trouble getting their money back and about having to deal with unhelpful customer care. 

There have also been concerns regarding the platform requesting extra costs or giving false information regarding the status of accounts. It is recommended that traders use caution when interacting with RockGlobal Broker.

RockGlobal Withdrawal and Deposit Methods

Before depositing funds, traders are required to register at the RockGlobal login page. However, the payment methods are not disclosed before registering, so it could be that the broker only accepts cryptocurrency, as it is impossible to trace. Additionally, there is nothing about withdrawals either.

When selecting a broker, small things like this are important to look for, even if they seem irrelevant at the beginning. Hiding important information like this is a huge lack of transparency and you don’t want to be dealing with that when it comes to withdrawing your funds.

Final Words…

In conclusion, RockGlobal is a broker that offers a variety of interesting features, including educational material and additional tools. However, the company has faced multiple complaints of fraud from other traders and false advertising from its own regulator, the FMA in New Zealand.

Before depositing funds, traders are encouraged to do conduct research and evaluate the pros and cons, to ensure RockGlobal is the perfect choice. Consider all factors you’ve gathered in our review and make a decision. Or, better yet, reach out to us and try proprietary trading instead.

Try Proprietary Trading Instead of Brokers

With brokers, traders are required to deposit their own funds to trade, however, with proprietary trading, you can trade without spending a dime. If you are a talented trader ready to showcase your skills, give us a call. Besides the ability to earn up to $200,000, you will be trading in a safe environment.

Additionally, you can choose between one-phase, two-phase, and instant evaluation challenges, catering to different needs of traders. Both seasoned and novice traders are welcome to register and begin right away. Withdraw your profits hassle-free every week, without any concerns.

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