Best Forex Brokers In NZ

Best NZ Forex Brokers

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 – Best MetaTrader CFD Broker
  5. OMF – Best cTrader Platform CFD Broker

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 February 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
Trade with CFDs and on Stock Market
Risk management features
Ideal For Beginners

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
0.6
1.8
Commissions (USD Base)
Commission Rebates
Minimum Deposit
$0
$450
$0
$1000
Has Islamic 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 (SG) / 500:1 (intl)
200:1
FCA 30:1 ASIC 300:1 MAS 20:1
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 and share CFDs
Unique Feature 2
Trade Treasury notes
Choice of Platforms
Guaranteed stop loss trading option

Overall