Best Forex Brokers In New Zealand

The top 9 FMA regulated forex broker NZ list is the following.


How To Compare Forex Brokers In New Zealand

Any new or experienced forex trader that resides in NZ should only use an FMA regulated forex broker. The Financial Markets Authority have strict requirements for brokers from training requirements, segregated trading accounts to leverage caps. When determining which of the seven FMA regulated brokers are right for you the most important feature is the forex trading platform they offer. This trading software directly impacts the way you trade including the functionality and charting package offered. The second factor is the trading fees which directly impact the profit a trader may make. The two most common fees are spreads (the difference between the buy and sell for a currency pair) and the commissions based on trading volume. Other factors to consider is the level of customer service the broker offers and training program and lastly the range of markets offered from the stock market to trading commodities.
 
To summarise, the five key features to consider when choosing a forex broker are:

  1. Regulation
  2. Forex Trading Platform
  3. Trading Fees
  4. Customer Support
  5. Range of markets


BlackBull Markets (NZ)
CMC
IG
Plus500
Hantec Markets
Our Rating
8.17
7.17
6.67
5.83
3.86
Auckland Based NZ Broker
Offers CFDs + Stockbroking
Risk management features
80.5% of retail CFD accounts lose money
MT4 Forex Broker

Regulations and Licenses

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

Brokerage

Feature
BlackBull Markets (NZ)
CMC
IG
Plus500
Hantec Markets
EUR/USD Avg. Raw Spread
0.16
0.17
EUR/USD Standard Spread
0.8
0.7
0.86
0.8
1.8
Commissions (USD Base)
$3.00
Commission Rebates
N/A
Minimum Deposit
$200
$0
$450
100
$1,000
£ 1,000
€ 1,000
Swap Free Account
No Inactivity Fees
Funding Methods
Bank Wire, Visa, Mastercard, Neteller
Bank Wire, Visa, Mastercard, Neteller
4
3
8
No Funding Fees

Markets and Instruments

Feature
BlackBull Markets (NZ)
CMC
IG
Plus500
Hantec Markets
Currency Pairs
31
339
90+
60+
42
Cryptocurrency CFDs
12
8
10+
0
Index CFDs
9
46
37
67+
9
Share CFDs
350
9,000
8,600+
1816+
0
Commodities CFD
5
111
26
17+
0
Stockbroking
0
Retail Max. Leverage
500:1
500:1
30:1
30:1 (FCA/ASIC)
20:1 (MAS)
30:1 (ASIC/FCA)
Professional Leverage
500:1
500:1
200:1
300:1
300:1

Trading Platforms + Tools

Feature
BlackBull Markets (NZ)
CMC
IG
Plus500
Hantec Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Demo Account
Unique Feature 1
NZ Based Forex Broker
Fast Execution Speeds
Guaranteed stop loss orders
Trade cannabis index
Bespoke service with
relationship managers
Unique Feature 2
MT4 or MT5 Platform
Guaranteed Negative Protection
Choice of Platforms
Guaranteed stop-loss
30 years experience

Overall