Many people want to experience financial freedom and that leads them into the Forex world. Of course, things are not as easy as they seem, and if you want to build an empire and stand side by side with Bill Lipschutz, Edward Arthur Seykota, and other famous Forex traders you need to learn a lot. The road to success is not easy at all and the first difficult task on that road is to find a suitable and honest Forex broker.
If you think it’s enough to simply type “the best Forex brokers” in Google, you are wrong. There are so many requirements that need to be fulfilled and that’s why it is important to read reviews and see what other people think about a specific broker. Today, we are writing this RosewoodTrust review, to help you make a better decision. We will go through every little detail and in the end, you will know if this is the right choice for you. So, it’s time to see what the core values of this broker are, and do they fulfill our strict requirements.
RosewoodTrust was founded in 1986. We are talking about a well-established broker and honesty, that gives us a certain dose of security. It’s been so many years and traders still have complete trust in it. This broker is doing an amazing job, apparently.
When you visit the RosewoodTrust website, you might notice one sentence that is repeated often — trade anywhere, anytime. This tells us we are dealing with a broker that knows the importance of responsiveness and optimization. It’s not an easy task to create a unique platform that will work on every device without a single error.
The Visual Appearance
Usually, we do not spend too much time discussing the design. Why? Well, this is a rather personal thing. It’s not on us to decide whether it is good or not, since it’s all about personal preferences.
This time, we will dedicate a special part of this RosewoodTrust review to design. Things are different now and we won’t let them go unnoticed. This broker is an older one. It exists for more than 30 years and yet when you visit the website, you will be greeted with one of the most modern landing pages ever.
This is more important than it sounds. If the broker is ready to follow trends and implement the modern design, it means it’s ready to use a state-of-art technology that will impact your trading. So, this neatly-done design just set up higher standards and our expectations grew even more.
While we are discussing this, let’s just mention that everything is organised as it should be. You won’t have to waste time looking for a contact page or trading platform. The main menu has it all. Also, there is a possibility to familiarize yourself with this broker a little bit. The landing page comes in the form of a video and you can see there why RosewoodTrust is a perfect choice.
At the bottom of the page, you will be able to see the verdicts of other clients. All comments are there which means RosewoodTrust is a transparent broker. It doesn’t matter if the rate is three or five stars, everything is visible. Let’s be honest, not many companies are ready to leave three-star reviews of their website, so thumbs up for RosewoodTrust’s transparency.
The Selection of Account Types
Now, let’s move to more important things. We will start with the Account Types because this is the part, we were most skeptical about. It happened so many times that a broker offers a great platform and security but once we got to Account Types, there was only one. Just to be clear, we do not expect more than ten accounts with completely different offers. But what we do expect to see at least three choices that have different minimum deposit requirements.
Luckily, RosewoodTrust did not disappoint us. Every client can choose between four accounts and gain certain benefits within each one of it. The best thing of all, the level of experience you have is irrelevant here. There is something for both professionals and beginners.
Let’s start with the one that has a minimum deposit requirement of just $250. It is called Savings and within it, you will get more than 200 trading assets, market review, flexible leverage up to 1:100, and competitive spreads up to 1.5%. If you are not an experienced trader and you want to step into the Forex market world, this offer is excellent.
Passive Income is the account that comes after Savings. This time, you need to deposit at least $5,000 but the offer you get is more than amazing. Everything we mentioned before is included, but as an addition, you will get a dedicated senior account manager, the leverage this time is 1:200, risk management planning and monthly webinars are also included as well as tier-3 trade room analysis.
But that’s not all, you will be able to enjoy the benefits of bonus funds and special venture promotions, competitive spreads up to 1%, financial planning, and level-3 prioritized withdrawal process. As you can see, RosewoodTrust doesn’t do things unless they are brought to perfection.
With the next account, that is named Retirement, you will receive all those benefits from the Passive Income account, but we would say they are a little bit upgraded. What do we mean by that? Well, this time flexible leverage is 1:300 while the spreads are up to 0.5%. You will get level-2 prioritised withdrawal process and tier-2 room analysis. Of course, that changes the minimum deposit requirement, and this time the amount is $20,000.
The last option is the Wealth Builder. Needless to say, this account has an impeccable offer that will satisfy the needs of the most fastidious traders. If you deposit $100,000 or more an access to VIP events will be available to you. Transaction speed will be extremely fast since you get prioritised withdrawal level 1. Of course, full access to webinars and analysis is a must because if you are a passionate trader, you know how important it is to have the proper education. Leverage is 1:400 and spreads are up to 0.3%. As you can see this is one of the most amazing offers but wait until you see the cherry on the cake — a special gift worth $5,000. Yes, you will be rewarded if you choose a Wealth-Builder account.
We don’t think there is anything to add here. Of course, we are satisfied with the Account Type offer and RosewoodTrust did not disappoint us this time. But, let’s not get excited too soon. There are so many other things and let’s keep our fingers crossed that they do not go wrong.
The Best Place for Trading
Now, when you got familiarized with the offer of accounts, let’s see the place where you will be spending most of your time — a trading platform. We expected to see something like that, honestly. Since RosewoodTrust is a broker that likes to have unique things, the platform is also unusual. It’s a web-based one and before you even ask, yes, it is optimised and responsive.
At the first glance, it’s more than obvious this is the work of a professional. The design is simple, but it contains every detail trader need. As a matter of fact, it has features that will help you customize it according to your personal preferences.
The left side is reserved for the trading account and in that section, you can see the positions, make deposits, request a withdrawal, or contact customer support if you need any assistance. In the middle, you will find a list of more than 200 assets. They are divided into categories so it’s up to you to choose whether you want to trade Forex, Commodities, Crypto, Stocks, or Indices. The search button is also available, to make things easier for you but there is another thing that we liked. A possibility to list the assets according to trend, daily change, or alphabetically. As we already told, everything is customizable, so you won’t have any problem with navigation.
The last part of the platform is a chart that has details about a specific asset. Maintenance margin, initial margin, trading hours, leverage, maximum trading size, etc. Of course, you can change the chart if you press the little buttons on the left side. For example, you do not have to use an hourly interval. Instead, you can switch it to one minute, five minutes, and even up to one month. The chart type can be a line, ohlc, spline, and scatter. We have to say, it’s a lot of fun to change the appearance and make the platform perfect for you.
We were satisfied with the account types, but the platform blew our minds. It’s a refreshment to see something a little bit different than an MT4 or MT5 that works equally well.
Can You Count on Support?
We could go on and on about the importance of customer support, but we assume you know that. Raise your hand if you ever run into a problem with trading accounts, but customer representatives weren’t there to help. Our hands are high in the air and that’s why we pay special attention to this segment.
The first important thing is to provide more than one contact method. In the case of RosewoodTrust, clients can choose between email, phone call, online form, and Live Chat. It’s an excellent offer but let’s see if everything works as it should.
The operating hours for phone support are Monday to Friday 08:00 – 12:00 GMT. If you are a talkative person, the best way to seek help is to call one of their two phone lines. If you rather prefer to exchange messages, there is a perfect form on the website. Just fill in the details, choose the department, and wait for a reply in your email inbox.
Lastly, there is a Live Chat and that’s the option we decided to use. We wanted to see three things: responsiveness, politeness, and education. If all three are fulfilled, the customer service is on an excellent level.
An agent replied within a minute, so responsiveness is apparently here. He was more than courteous, we received a welcome message and it was not a generic one. So, politeness is here too. Lastly, we got a proper answer that helped a lot and that is the most important thing of all. Our overall experience with the customer support was excellent and if you have any urgent problems, Live Chat is an excellent option.
Is RosewoodTrust a Place for Improving Your Knowledge?
Until now we saw that RosewoodTrust is a good choice if you are looking for a new broker. But let’s see a final thing that will round out the whole story. We are talking about Forex education. You don’t have to be a professional to understand the importance of education. Each broker needs to provide it to its clients and with RosewoodTrust you will get premium eBooks and video lessons. But not only that, there is an Asset index and a Glossary. So, if you are not familiar with a specific term or asset, they explained everything.
RosewoodTrust is already well-established, but that doesn’t mean we shouldn't expect new and innovative things from it. It’s more than clear this broker is ready to adapt to new situations and it doesn’t play around. So, if you are looking for a new place to trade, RosewoodTrust can be a perfect option. After everything we saw, the only thing we can say is that an aspiring future is ahead.