Forex Brokers in New Zealand

New Zealand itself being ranked among the highest rated countries is well-placed with its creditworthiness supported by developed, unrestrictive business environment and world-class orientated governance.

Historically New Zealand as a trading country formed its Forex regulation back in 2011, read Wikipedia.

  • While the New Zealand trading history started with agricultural products, with new initiatives it has grown into a financial services powerhouse in the Pacific with regulations that add on support to the industry.
  • However, after the number of issues that appeared due to a lack in brokerage operation supervision, New Zealand’s authority established even three regulating bodies that are divided by various methods of influence.

Regulation in New Zealand

In order to perform legal trading and offer protective investment opportunities, the company should be a registered financial service provider, meaning to obtain a necessary license before it starts its operation.

Firstly the firm should comply with all settled rules by main authority FMA (Financial Markets Authority) that operates according to the international standards, FMA Website: www.fma.govt.nz

Then, the broker should be registered with FSPR (Financial Service Providers Register), while the complaints or claims of both traders and brokers can be filled with FSCL agency or Financial Services Complaints, that handles complaints of all brokers based in New Zealand.

All in all, New Zealand established quite a good standard and controlling market proposals on a good level, in reverse giving extra layers of protection to the traders. We would also recommend following the Twitter account and so to stay updated with all the recent news and warnings @FMAmedia

New Zealand FMA website

Best Forex Brokers New Zealand

Below you will find a listing of the Best Reviewed Brokers, also regulated and considered safe, while the list created according to the specified criteria and its Trust Scores, so your choice might be lined narrower.

  • IG – Best Overall Broker in New Zealand 2020
  • Hantec Markets – Lowest Spread Broker in New Zealand 2020
  • XTB – Best MT4 Broker in New Zealand 2020
  • CMC Markets – Best Broker for Beginners in New Zealand 2020
  • AvaTrade – Best for Scalping and EA Trading 2020

New Zealand Forex Brokers List

These are the regulated brokers that accept clients from New Zealand:

Broker Detail
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, FTXM Trader
Regulation: CySEC,FCA, FSCA
1
FXTM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, cTrader
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Regulation: ESMA, CySEC, FSC, NFA, FSA
5
BDSwiss Review
Axiory logo Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: IFSC
Axiory Review
HotForex Review HotForex
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA
HotForex Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC
Eightcap Review
GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CySEC
GO Markets Review
CharterPrime logo CharterPrime
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: FSP
CharterPrime Review