Best Forex Brokers NZ List

The top 9 FMA regulated New Zealand forex brokers are:


BlackBull Markets
TMGM
CMC Markets
IG
Plus500
Our Rating
8.50
8.33
7.17
6.67
5.83
Auckland Based NZ Broker
IRESS Trading Platform For Shares
Offers both CFD and Stock trading
Guaranteed stop loss orders
Trade cannabis index

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
0.73
1.13
0.80
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.00
$3.50
-
$3.50
-
Minimum Deposit
$50
$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
64+
60+
338+
100+
71+
Cryptocurrency CFDs*
11+
12+
19+
12+
15+
Index CFDs
15+
15+
46+
34+
67+
Share CFDs
350+
12,000+
9,000+
12000+
1816+
Commodities CFD
21+
5+
124+
35+
22+
Stockbroking
23,000+
-
9,000+
-
Retail Max. Leverage (New Zealand)
Major Pairs: 500:1
Major Pairs 200:1
Major Pairs 500:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

BlackBull Markets
TMGM
CMC Markets
IG
Plus500
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.50 FMA, FSA 0.23 0.72 0.65 110ms $50 64+ 11+ 500:1 500:1
Visit Broker > 8.33 FMA, VFSA
ASIC
0.10 0.42 0.21 180ms $100 60+ 12+ 200:1 200:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 3.86 FMA, FCA
ASIC
- - - 180ms $1000 42+ - 300:1 300:1