Best-Forex-Brokers-NZ-snippet-image

5 Best NZ Forex Brokers List

The 2020 best forex broker in NZ that are regulated by the FMA are:

  1. CMC Markets – Best NZ Forex Broker
  2. IG Markets – Best Range Of Financial Markets
  3. Plus500 – Best crypto CFD trading
  4. Hantec Markets – Good MetaTrader CFD Broker
  5. OMF – Best cTrader forex trading platform

NZ forex traders should only consider a CFD provider that shows as active on the Financial Service Providers Register. Only FMA brokers are listed on this page (last updated in August 2020). New Zealand forex traders should understand the high risks of leveraged products. Regulatory bodies have guides providing risk warnings and risk management suggestions including this article.

Broker Reviewed

CMC Markets
IG
Plus500
Hantec Markets
Our Rating
7.17
6.67
5.83
3.86
78% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider
Risk management features
80.5% of retail CFD accounts lose money
65% of retail investor accounts lose money when trading CFDs with this provider.

Regulations and Licenses

Feature
CMC Markets
IG
Plus500
Hantec Markets
FMA (New Zealand)

Brokerage

Feature
CMC Markets
IG
Plus500
Hantec Markets
EUR/USD Avg. Raw Spread
0.17
EUR/USD Standard Spread
1.2
0.7
0.8
1.8
Commissions (USD Base)
Commission Rebates
Minimum Deposit
$0
$450
100
$1,000
£ 1,000
€ 1,000
Swap Free Account
No Inactivity Fees
Funding Methods
6
4
3
8
No Funding Fees

Markets and Instruments

Feature
CMC Markets
IG
Plus500
Hantec Markets
Currency Pairs
339+
90+
60+
42
Cryptocurrency CFDs
12+
8
10+
0
Index CFDs
46+
37
67+
9
Share CFDs
9000+
8,600+
1816+
0
Commodities CFD
111+
26
17+
0
Stockbroking
9000+
0
Retail Max. Leverage
30:1 (Europe)
20:1 (Singapore)
500:1 (Australia / International)
200:1
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
30:1
Professional Leverage
500:1
200:1
300:1
300:1

Trading Platforms + Tools

Feature
CMC Markets
IG
Plus500
Hantec Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Only in ESMA regulated territories
Demo Account
Unique Feature 1
Offers both CFD and Stock trading
Guaranteed stop loss orders
Trade cannabis index
Bespoke service with
relationship managers
Unique Feature 2
Trade Treasury notes
Choice of Platforms
Guaranteed stop-loss
30 years experince

Overall

CMC Markets
IG
Plus500
Hantec Markets