Best Forex Brokers In New Zealand
For the 5th year running, the CompareForexBrokers team compared all seven FMA-regulated forex brokers in NZ. The criteria brokers were judged on was their spreads, trading platform, customer service and overall trading experience including execution speeds.

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Ask an Expert
Are there any NZ forex brokers regulated by the Financial Markets Authority outside of this list?
Our page lists all of the FMA regulated brokers with Axitrader no longer listed as they lost their regulation in 2021. Each month we review the FMA website to see if any further brokers are regulated with several licences pending.
Does New Zealand have leverage restrictions for forex trading?
Brokers in NZ limit leverage to 500:1 forex. This is higher than found in Europe and Australia
Can I use an overseas CFD broker to trade currency like one regulated in Australia?
New Zealand Brokers Should use a broker regulated by the Financial Markets Authority (FMA) of New Zealand. This ensures the broker is legally able to offer their services to New Zealand residents and complies with the regulatory requirements of needed to offer financial services in the country.
Do I need to open a trading account in NZD or are their other more popular base currency options which may have lower spreads?
You can trade with any currency but when you deposit or withdraw it will convert with NZ and there will be conversion costs.
For example if you have a trading account with USD and you deposit with NZ it will convert to the USD it depends on the exchange rate.
What trading software do you recommend for trading CFDs in New Zealand? Does this impact which broker I should choose?
I think the key is to find a broker you like…then look for what platforms they offer for trading with. We suggest looking for a broker with MetaTrader 4, MetaTrader 5 and TradingView