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Do you want to know which is the better broker between MiTRADE and RockGlobal ?
In the table below, you can compare the features of MiTRADE , RockGlobal side by side to determine the best fit for your needs.
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EURUSD:-1
EURUSD:3.1
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XAUUSD:30.81
EURUSD: -6.3 ~ 2.74
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 mitrade, 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:
Broker Name | MiTRADE |
Founded | 2010 |
Registered Country | Australia |
Regulation | ASIC, CySEC |
Market Instruments | Forex, indices, commodities, shares, ETFs |
Demo Account | |
Leverage | Up to 1:200 |
EUR/USD Spread | From 1 pip |
Commission | $0 |
Trading Platform | Mitrade Mobile App, Desktop, WebTrader |
Minimum Deposit | Not mentioned |
Customer Support | 24/5 live chat, contact form, email: cs@mitrade.com |
MiTRADE, based in Australia and regulated by ASIC, offers a range of features and services to its clients. The broker provides a proprietary trading platform that allows traders to access the financial markets with competitive spreads starting from 0.0 pips. Tradable assets include forex, indices, shares, and commodities, and ETFs. MiTRADE offers both demo and live accounts. For those seeking an Islamic account, MiTRADE provides that option as well. Customer support is available 24/5 through various channels, including live chat, contact form and email.
MiTRADE offers several advantages, including regulated by ASIC and CySEC, and a wide range of tradable assets and services. They also provide a demo account for traders to practice their strategies. Additionally, the broker offers diverse payment methods, allowing for convenient transactions.
Pros | Cons |
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MiTRADE is a broker that operates under the regulation of the Australia Securities & Investment Commission (ASIC), with an Market Making (MM) license under license no. 398528; and the Cyprus Securities and Exchange Commission (CySEC), with an Market Making (MM) license under license no. 438/23. These regulatory bodies ensure that MiTRADE complies with the necessary standards and guidelines to provide a safe and transparent trading environment for its clients.
MiTRADE offers access to various financial markets, including forex, indices, shares, commodities and ETFs.
Traders can engage in forex trading, speculating on the price movements of different currency pairs. Additionally, they can trade popular indices, giving them exposure to the performance of a basket of stocks from specific markets. MiTRADE also offers the opportunity to trade shares, allowing clients to invest in individual company stocks. Moreover, traders can participate in commodity trading, taking positions on the price fluctuations of commodities such as gold, oil, and agricultural products.
MiTRADE offers two types of accounts for traders: a live account and a demo account.
The live account is designed for real trading with actual funds, allowing traders to participate in the financial markets and execute trades using their own capital. The minimum deposit for opening a live account with MiTRADE is undisclosed. For specific information regarding the minimum deposit requirement, it is advisable to contact MiTRADE or visit their website. This broker offers USD or AUD as a base currency for their trading accounts.
On the other hand, the demo account is a simulated trading environment that provides users with virtual money to practice trading strategies and explore the platform's features. Each demo account is initialized with a generous amount of USD50,000 or AUD50,000 virtual money, enabling traders to gain hands-on experience without any financial risk.
To open an account with MiTRADE, you can follow a simple process:
MiTRADE offers trading leverage of up to 1:200. It is crucial to understand that high leverage can amplify both potential profits and risks. While it may be appealing to experienced traders who are familiar with managing leverage effectively, inexperienced traders are advised to exercise caution and carefully consider their risk tolerance. It is important to thoroughly educate oneself about the implications of trading with high leverage and implement appropriate risk management strategies to protect capital.
MiTRADE offers floating spreads for various trading instruments. The spread on the popular EURUSD currency pair starts from 1 pip, providing traders with a competitive option for trading this major pair. The EURGBP pair has a spread starting from 1.4 pips, while UKOIL and USOIL (Crude Oil) have spreads of approximately 0.06 pips, offering traders a tight spread option for energy commodities. For precious metals, the XAUUSD (Gold) pair has a spread starting from 0.44 pips, and the XAGUSD (Silver) pair has a spread starting from 0.3 pips.
Notably, MiTRADE does not charge any commissions on trades, which can be advantageous for traders seeking cost-effective trading options. Traders should consider these spread details when evaluating trading costs and potential profitability on different instruments offered by MiTRADE.
MiTRADE does not charge any additional fees apart from overnight fees. Overnight fees, also known as swap fees or rollover fees, are charges applied when a position is held open overnight. These fees are associated with the cost of keeping positions open beyond the trading day and vary depending on the financial instrument and prevailing interest rates. It is important to note that MiTRADE does not charge any other fees such as deposit fees, withdrawal fees, or inactivity fees.
MiTRADE offers its own proprietary trading platform for clients, with desktop and app version, as well as WebTrader. The proprietary platform is designed to meet the specific needs and preferences of MiTRADE's traders. The platform offers a user-friendly interface, providing access to real-time market data, charting tools, and a range of order types.
Payment Method | Deposit Processing Time |
Visa/Mastercard | Instant, within 3 minutes |
Bank Transfer | |
E-Wallet | |
QR Code Payment |
The broker does not charge any fees for deposits and withdrawals in most cases. However, there are other third-party charges for deposit and withdrawals that are outside of Mitrades control such as intermediary bank fees, etc.
Note that not all deposit methods are available in all countries. Please log in to your Mitrade account to view what payment options are available to you.
MiTRADE provides some basic educational resources to enhance traders' knowledge and skills. Their learning materials cover the basics of trading, offering educational content to help traders understand the fundamental concepts and strategies.
MiTRADE also offers insightful market analysis and commentary to keep traders informed about the latest market trends and developments.
Additionally, they have an academy section dedicated to providing comprehensive trading courses and tutorials, allowing traders to deepen their understanding of various trading techniques and tools.
Besides, MiTRADE also provides a blog section where traders can access a wealth of informative articles and blog posts. The blog covers a wide range of topics related to trading, including market analysis, trading strategies, risk management, and trading psychology
MiTRADE offers 24/5 live chat service with a team of dedicated professionals. They can be reached via email: cs@mitrade.com. You can also fill out the ‘contact us’ form on the brokers website, and a customer support specialist will attend to you as soon as possible. Mitrade is also available on social media: Instagram, Facebook, Twitter, YouTube, LinkedIn, TikTok and Telegram.
Traders can also visit the team at their offices:
• Mitrade Holding Ltd: 215-245 N Church Street, 2nd Floor, White Hall House, George Town, Grand Cayman, Cayman Islands;
• Mitrade Global Pty Ltd: Level 13, 350 Queen Street, Melbourne, VIC 3000, Australia;
• Mitrade International Ltd: Suite 707 & 708, 7th Floor, St James Court, St Dennis Street, Port Louis, Mauritius.
Is MiTRADE regulated?
Yes. MiTRADE is regulated by ASIC under regulatory license number 398528.
At MiTRADE, are there any regional restrictions for traders?
Yes. The information on MiTRADEs site is not intended for residents of the United States, Canada, Japan, New Zealand or used by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Which live trading accounts does MiTRADE offer?
MiTRADE offers one live account and a demo account to choose from.
Are there any fees for using the trading platform?
MiTRADE is a commission-free trading platform. The main cost of trading comes from the low spreads it charges, which vary among different markets.
Is MiTRADE a good broker for beginners?
Yes. MiTRADE is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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 |
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.
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.
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:
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.
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.
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.
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.
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 |
RockGlobal offers two different types of trading accounts to suit the needs of different traders:
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.
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.
Opening an account with RockGlobal involves the following steps:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 mitrade and rockfort are, we first considered common fees for standard accounts. On mitrade, 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.
mitrade is regulated by ASIC,CYSEC. rockfort is regulated by 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.
mitrade provides trading platform including -- and trading variety including --. rockfort provides trading platform including PRO ACCOUNT,STANDARD ACCOUNT and trading variety including --.