Best Forex Brokers In New Zealand

The top 9 FMA regulated forex brokers in NZ are:


BlackBull Markets
TMGM
CMC Markets
IG
Plus500
Our Rating
8.17
8.33
7.17
6.67
5.83
Auckland Based NZ Broker
TMGM don't provide % of clients who lose money
73% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
77% of retail CFD accounts lose money

Regulations and Licenses

Feature
BlackBull Markets
TMGM
CMC Markets
IG
Plus500
FMA (New Zealand)

Brokerage

Feature
BlackBull Markets
TMGM
CMC Markets
IG
Plus500
EUR/USD Avg. Raw Spread
0.23
0.10
-
0.17
-
GBP/USD Avg. Raw Spread
0.72
0.42
-
0.59
-
AUD/USD Avg. Raw Spread
0.65
0.21
-
0.3
-
EUR/USD Standard Spread
1.20
1
-
0.86
-
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.00
$3.50
-
-
-
Minimum Deposit
$200
$100
$0
$450
$100
Swap Free Account
No Inactivity Fees
Funding Methods
4+
5+
6+
4+
3+
No Funding Fees

Markets and Instruments

Feature
BlackBull Markets
TMGM
CMC Markets
IG
Plus500
Currency Pairs
27+
60+
338+
100+
71+
Cryptocurrency CFDs*
11+
12+
19+
12+
15+
Index CFDs
9+
15+
46+
34+
67+
Share CFDs
350+
12,000+
9,000+
12000+
1816+
Commodities CFD
19+
5+
124+
35+
22+
Stockbroking
24,000+
-
9,000+
-
-
Retail Max. Leverage (New Zealand)
Major Pairs: 500:1
-
-
-
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
BlackBull Markets
TMGM
CMC Markets
IG
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
NZ Based Forex Broker
Servers in Tokyo TY3
Offers both CFD and Stock trading
Guaranteed stop loss orders
Trade cannabis index

Overall

BlackBull Markets
TMGM
CMC Markets
IG
Plus500