2022 is the year of forex trading. This is because forex trading is gaining popularity as it becomes more accessible to the general retail population. Rock-West is a fairly new online trading platform that offers forex trading in India.
But why? This is because people are finally waking up to the fact that the profit potential is much higher than that of traditional stock market returns.
To accelerate this, traders now have many forex trading platforms to choose from. Today we are here to review one that has caught our attention recently. The trading platform we are talking about is Rock-West.
Rock-West is a fairly new online trading platform that offers forex trading in India.
Here you can receive help with creating trading accounts, downloading trading information, uploading documents, making deposits and withdrawals, signup for webinars, and much more.
Our first impression of Rock-West is that it impresses, especially with the user-friendly interface of the trading platform. This makes it easier to understand and for new users to use further increasing accessibility.
Coming to the assets that are tradable on this platform, users can indulge in the trading of major forex currency pairs.
In addition to this, the platform also offers a wide range of cryptocurrencies like Bitcoin, Ethereum, and Ripple, all the while allowing you to trade traditional assets such as indices and commodities.
When it comes to spreading – certain assets have a better spread than others. The spread of cryptocurrencies however remains competitive. Whilst talking about the leverage, the maximum leverage offered by the Platform is 1:2000.
Whilst talking about the security and legitimacy of the platform, Rock-West is a registered and regulated forex broker that maintains separate bank accounts for its clients’ funds. In addition, as the company is authorized by the regulator, it has implemented a compensation program.
When trading with a regulated broker, one can be assured about the security, accountability, and transparency as it means the company only collaborates with credible financial institutions and liquidity suppliers and has money-laundering protection procedures.
Does Rock-West have an online trading app?
As for the Application, it is currently under development, but they have a mobile-first Platform that makes it easy to use on a mobile interface.
And guess what, depositing funds here is fairly easy too!
There are no deposit fees. If one tries to deposit the trading account using a credit card, then he/she must first verify the card if not having a 3D Secure setup.
To verify the card, one should first load the card into the account, which should be in the same name as the cardholder on the trading account and must be valid (not expired). It will be approved as soon as possible after uploading a copy of the card.
They also accept currencies like USD, EUR, BTC, XLM, and USDC. The minimum amount you can withdraw is INR 1000, the maximum being INR 50,000 and the minimum amount you can deposit is INR 500 it is important to note that it’s important to state your real surname, if not it would be difficult to withdraw money.
What do we think about Rock-West?
One of our favourite features is the ability to demo trade. This makes it easier for novice traders to practice and perfect their skills before you jump and start trading in real-time.
All in all, Rock-West is a platform that is in its early days of operation it definitely looks promising with many brilliant features but there is also scope for downside and one must operate carefully.
