Clear and Predictable Pricing
Rock-West prioritizes a straightforward and easily understood fee structure, appealing to investors who want to minimize trading expenses. A key advantage is the Standard Account, which features commission-free trading, making it attractive for traders on a budget.
Required Initial Deposit
To start, the Standard Account needs a minimum of just $50, while the RAW Account requires $200.
Transaction Charges
Standard accounts do not have any per-trade commission fees. Conversely, RAW accounts offer access to raw spreads, starting as low as 0.0 pips, for a flat fee of $8 per lot traded.
Contract for Difference Costs
Rock-West does not impose fees on CFD transactions. This enables traders to more effectively manage expenses when dealing in a variety of asset categories.
Foreign Exchange Costs
There are no supplemental charges levied for forex trading. This gives traders budget-friendly access to both major and minor currency pairings.
Futures Costs
Not relevant, as these instruments are not available for trading on this platform.
Account Maintenance Cost
There are no continuous fees associated with maintaining your account or using the platform. All your available money can be used exclusively for trading.
Dormancy Charge
You will not face a penalty for taking breaks. There are no fees charged for account inactivity, even after long stretches of time.
Funding Charge
Depositing funds is free using any accepted method. This encompasses credit/debit cards, digital wallets, and wire transfers.
Disbursement Charge
Withdrawing funds is also free of charge, no matter which method you use. Rock-West handles these transaction expenses to simplify access to your funds.
Rollover Charge
Overnight swap fees will apply, but swap-free alternatives are available for Standard accounts upon request. This is particularly beneficial for traders adhering to Islamic finance principles.
Exchange Rate Charge
There are no currency conversion costs assessed. Traders operating internationally can easily transfer funds in and out without unnecessary losses.
Protected Stop Order Charge
There are no fees for utilizing guaranteed stop-loss orders. This gives traders extra control of risk at no additional expense.