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Do you want to know which is the better broker between LIGHT FX and RockGlobal ?
In the table below, you can compare the features of LIGHT FX , RockGlobal side by side to determine the best fit for your needs.
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EURUSD:14.5
XAUUSD:31.89
EURUSD: -6.18 ~ 2.48
XAUUSD: -30.8 ~ 22
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 lightfx, 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:
Company Name | Light FX |
Registered In | Japan |
Regulation Status | Regulated by the Financial Service Agency of Japan |
Years of Establishment | 15-20 years |
Trading Instruments | Around 20 currency pairs including major pairs |
Account Types | Not specified |
Minimum Initial Deposit | No minimum deposit requirement |
Maximum Leverage | Up to 1:25 |
Trading Platform | LIGHT FX app, Advanced Trader, Simple Trader |
Deposit and Withdrawal | Direct deposit, wire transfer from bank counters or ATMs |
Customer Service | Telephone support and contact form |
Light FX, a Japan-based forex broker, boasts a solid regulatory foundation as it operates under the supervision of the Financial Service Agency of Japan. With a track record spanning 15-20 years, Light FX offers traders access to around 20 currency pairs, including major ones, facilitating diverse trading opportunities. While specific account types remain unspecified, the broker stands out with its welcoming no minimum deposit requirement.
Leverage of up to 1:25 is available, albeit with due consideration of risk. Light FX provides traders with a choice of trading platforms, including the LIGHT FX app, Advanced Trader, and Simple Trader. Funding options encompass direct deposit and wire transfers from bank counters or ATMs, ensuring flexibility.
Given its regulation by the Financial Service Agency of Japan, LIGHT FX appears to be a legitimate and trustworthy broker.
Regulatory oversight is a fundamental factor in the forex industry, ensuring that traders' interests are protected, and trading practices adhere to industry standards. Nonetheless, it's always wise for traders to conduct their own due diligence and verify the broker's credentials.
Pros | Cons |
Regulatory Authorization | Limited Account Information |
Competitive Spreads | Weekend Support Absence |
Fee-Free Trading | Educational Resource Clarity |
Flexible Trading Platforms | |
Diverse Market Instruments |
Pros:
Regulatory Authorization: Light FX is regulated by the Financial Service Agency of Japan, providing traders with confidence in the broker's legitimacy and adherence to regulatory standards.
Competitive Spreads: The broker offers competitive spreads on major currency pairs, making it cost-effective for traders to engage in forex trading.
Fee-Free Trading: Light FX operates on a fee-free trading model, meaning traders can execute trades without incurring additional commission costs.
Flexible Trading Platforms: The broker provides a variety of trading platforms, including the LIGHT FX app, catering to traders of all experience levels. The inclusion of the “Trading View” tool enhances analysis capabilities.
Diverse Market Instruments: Light FX offers a selection of around 20 currency pairs, including major and minor pairs, allowing traders to diversify their trading portfolios.
Cons:
Limited Account Information: The available information does not provide details about the specific account types offered by Light FX. Traders may need to visit the official website or contact customer support for account-related details.
Weekend Support Absence: Customer support is not available on weekends, which may be inconvenient for traders who prefer weekend trading or have urgent inquiries during that time.
Educational Resource Clarity: While Light FX offers various educational resources and market information, the provided information lacks specific details about the educational materials available, requiring traders to seek further clarification.
Light FX offers traders access to around 20 currency pairs, encompassing both major and minor pairs.
This selection includes popular choices such as EUR/USD, USD/JPY, GBP/JPY, AUDJPY, and EURJPY, allowing traders to engage in a diverse range of forex trading opportunities.
Unfortunately, the available information does not provide details about the specific account types offered by Light FX. To gain a better understanding of the account options, it is recommended to visit the broker's official website or contact their customer support.
Different account types often come with varying features and benefits, catering to the diverse needs of traders, from beginners to advanced.
While the provided information does not outline the exact process for opening an account with Light FX, the standard procedure for most forex brokers typically involves the following steps:
Registration: Visit the broker's website and initiate the account registration process. You will be required to provide personal information and create login credentials.
Verification: Complete identity verification by submitting the necessary documents, which usually include a valid ID, proof of address, and possibly financial information.
Deposit: Fund your trading account with the minimum required deposit or your chosen amount through the provided deposit methods.
Platform Access: After your account is verified and funded, you can access the trading platforms offered by Light FX and start trading.
Light FX offers competitive features related to leverage and spreads, which play a crucial role in the cost structure of trading:
Light FX provides leverage up to 1:25 for forex trading, in accordance with Japanese regulatory guidelines. Leverage allows traders to amplify their positions with a relatively smaller capital investment. However, it's important to note that higher leverage also involves increased risk, and traders should use it cautiously.
Spreads: The broker offers competitive spreads on major currency pairs. For instance, spreads for popular pairs like EUR/USD can be as low as 0.3 pips, while USD/JPY may have spreads as tight as 0.2 pips. GBP/JPY, AUD/JPY, and EUR/JPY also feature competitive spreads at 0.9 pips, 0.6 pips, and 0.4 pips, respectively. It's worth noting that spreads can vary depending on market conditions.
Commissions: The information provided does not mention any commission fees, suggesting that Light FX operates on a fee-free trading model. This can be advantageous for traders, as it means that you can execute trades without incurring additional commission costs.
Currency Pair | Spread (in pips) | Commission |
EUR/USD | 0.3 | None |
USD/JPY | 0.2 | None |
GBP/JPY | 0.9 | None |
AUD/JPY | 0.6 | None |
EUR/JPY | 0.4 | None |
Light FX offers a diverse range of trading platforms to cater to traders of all levels. The LIGHT FX app is a highly flexible and accessible platform with a user-friendly interface, making it suitable for traders on the go. It integrates the powerful “Trading View” tool for stress-free trade analysis, features intuitive navigation, and offers one-tap order placement. Traders can even execute chart orders while analyzing market data, ensuring a seamless and sophisticated trading experience.
For more experienced traders, the Advanced Trader platform provides extensive customization options. It also incorporates the “Trading View” tool for comprehensive chart analysis, allowing traders to arrange the trading screen to their liking and access abundant customization features. With a wealth of information tools and advanced chart analysis functions, Advanced Trader empowers traders to create a personalized trading environment that suits their unique needs.
In the case of direct deposit, Light FX offers traders a convenient and efficient way to fund their trading accounts. The 24-hour real-time reflection ensures that deposited funds are available for trading almost immediately, making it ideal for traders who want to seize opportunities in the forex market promptly. The fact that Light FX covers all transfer fees for deposits through this method further adds to its appeal, as it minimizes costs for traders.
For those who prefer wire transfers from bank counters or ATMs, Light FX accommodates this option as well. While this method incurs transfer fees, it offers an alternative for traders who may not have access to internet banking or prefer in-person transactions. The creation of a customer-specific margin deposit account for wire transfers streamlines the process, ensuring that the funds are directed to the appropriate trading account.
Light FX offers customer support through multiple channels to assist traders with their queries and concerns:
Telephone Support: Traders can reach the customer support team by phone at 0120 637 105. Support is available every day from 7:00 AM to 10:00 PM, excluding Saturdays and Sundays.
Contact Form: For written inquiries or support requests, traders can use the contact form provided on the broker's website. This offers a convenient way to seek assistance or information.
The availability of telephone support during extended hours on weekdays is a positive feature, ensuring that traders have access to assistance when they need it most. However, the absence of support on weekends may be a limitation for some traders who prefer weekend trading or have urgent inquiries during that time.
Light FX provides a comprehensive suite of educational resources and market information to empower traders. Their offerings include real-time exchange rates for all currency pairs, crypto asset rates, and exchange charts, allowing traders to stay up to date with market movements.
The economic indicators calendar aids in tracking important events, while the swap calendar helps traders understand swap points for currency pairs. The buy/sell ratio for LIGHT FX customers, currency strength/weakness through heatmaps, and TM sign for USD/JPY predictions using text mining technology offer valuable insights.
Traders can also utilize margin simulations, effective leverage calculations, and swap simulations to manage their risk and plan their trades effectively. Additionally, Light FX provides information on corporate account leverage and total customer swap receipts, enhancing traders' market awareness.
In conclusion, Light FX is a Japan-based forex broker that operates under the regulatory authority of the Financial Service Agency of Japan. It offers a range of currency pairs for trading and provides flexibility in deposit methods. While the broker offers competitive spreads and leverage options, there is limited information available regarding account types and educational resources.
Traders interested in Light FX should consider conducting further research and verifying specific details on the broker's official website. As with any financial endeavor, it's essential to trade responsibly and be aware of the potential risks associated with forex trading.
Q: Is Light FX a regulated forex broker?
A: Yes, Light FX is regulated by the Financial Service Agency of Japan, ensuring it meets regulatory standards.
Q: What currency pairs can I trade on Light FX?
A: Light FX offers approximately 20 currency pairs, including major pairs like EUR/USD, USD/JPY, and GBP/JPY.
Q: Does Light FX charge commissions for trading?
A: No, Light FX operates on a fee-free trading model, meaning there are no commission fees for trading.
Q: What is the maximum leverage offered by Light FX?
A: Light FX offers leverage up to 1:25 for forex trading, in compliance with Japanese regulations.
Q: How can I deposit funds into my Light FX trading account?
A: You can deposit funds through direct deposit or wire transfer from bank counters or ATMs, with direct deposit offering real-time reflection.
Q: What trading platforms does Light FX provide?
A: Light FX offers a range of trading platforms, including the LIGHT FX app, Advanced Trader, and Simple Trader, catering to traders of all levels.
Q: Are there educational resources available for traders on Light FX?
A: Yes, Light FX provides educational resources such as real-time market information, economic indicators calendars, and margin simulations to support traders in making informed decisions.
RockGlobal Review Summary | |
Founded | 2004-01-11 |
Registered Country/Region | New Zealand |
Regulation | Regulated |
Market Instruments | Forex (140+ currency pairs), Metals, Commodities, Indices, and Crypto CFDs |
Demo Account | Not mentioned |
Leverage | Up to 1:500 |
Spread | From 0 |
Trading Platform | MT4(PC & Mobile) |
Min Deposit | $50 |
Customer Support | Email: info@rockglobal.com |
Live Chat | |
Social Media: Facebook, Instagram, TikTok, etc. |
RockGlobal is a broker. RockGlobal provides various tradable instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs, and also offers standard and ECN accounts. In addition, RockGlobal sets a spread from 0, a minimum deposit of $50, and a maximum leverage of 1:500.
Pros | Cons |
Regulated | Difficult to withdraw negative feedback |
24/7 Live Support | Hide withdrawal information |
Leverage up to 1:500 | |
Spread as low as 0 | |
MT4 available | |
Various trading assets: |
The FSPR once regulated RockGloba, but it has expired. ASIC regulates the broker now and its license number is 282288. Generally regulated brokers are safer than unregulated ones. However, traders cannot ignore investment risks.
Traders can invest in various trading instruments, including forex (140+ currency pairs), metals, commodities, indices, and crypto CFDs.
Tradable Instruments | Supported |
Forex(140+ currency pairs) | ✔ |
Commodities | ✔ |
Metals | ✔ |
Indices | ✔ |
crypto CFDs | ✔ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
RockGlobal has standard and ECN accounts. Traders who want both low commissions and low deposits can choose to open a standard account. ECN is more suitable for traders who prefer 0 pip.
Account Type | Standard | ECN |
Products | 140+ currency pairs, stock indices, commodities, precious metals, and crypto CFDs. | |
Leverage | Up to 1:500 | Up to 1:500 |
Minimum Spread | 1.0 pip | 0.0 pip |
Commissions | $0 | $5 |
Minimum Deposit | $50 | $500 |
The standard account offers a minimum spread of 1.0 pip and no commission, while the ECN account offers spreads as low as 0 and a commission of $5.
The maximum leverage is 1:500, which means that profits and losses are magnified 500 times.
RockGlobal has an authoritative MT4 trading platform and traders can choose different versions, such as PC and Mobile App. Compared with MT5, junior traders prefer MT4.
Trading Platform | Supported | Available Devices |
MT4 | ✔ | PC & Mobile |
The minimum deposit is $50. Deposits are relatively low in the market. However, RockGlobals official website does not provide more information about withdrawals. It should be noted that some traders of this broker said that withdrawals are difficult.
RockGlobal provides 24/7 livesupport and email to contact. In addition, traders can learn more about RockGlobal through social media, including Facebook, Instagram, TikTok, etc.
Contact Options | Details |
info@rockglobal.com | |
Live Chat | ✔ |
Social Media | Facebook, Instagram, TikTok, etc. |
Supported Language | English |
Website Language | English |
Physical Address | Not mentioned |
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 lightfx and rockfort are, we first considered common fees for standard accounts. On lightfx, the average spread for the EUR/USD currency pair is -- pips, while on rockfort the spread is 0.0 pips.
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.
lightfx is regulated by FSA. rockfort is regulated by ASIC,FSPR.
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.
lightfx provides trading platform including -- and trading variety including --. rockfort provides trading platform including PRO ACCOUNT,STANDARD ACCOUNT and trading variety including --.