Best Forex Brokers in New Zealand (2026)

Which is the best forex broker in New Zealand?

The list is ordered by score, highest first, global and desk scores together. Six scores come from our global testing, and five were scored from each issuer's published New Zealand information through the same eight categories, without spread or order-speed tests. Each line names what the broker is best for or the company that offers it.

1. BlackBull Markets - Fastest limit order fills
2. ThinkMarkets - Lowest tested raw spread
3. IG Group - Widest choice of platforms
4. CMC Markets - Cheapest tested round turn
5. Axi - Fast MT4 limit order fills
6. Zero Markets - offered by Zero Markets (NZ) Limited
7. Plus500 - offered by Plus500AU Pty Ltd
8. EC Markets - Cheapest published round turn
9. Pacific Financial Derivatives - offered by Pacific Financial Derivatives Limited
10. ACE Markets - offered by ACE Markets Limited
11. Jarden - offered by Jarden Securities Limited

The best forex brokers in New Zealand reviewed

1. BlackBull Markets: fastest limit order fills

84.5/100

Global score

#1 of 11 in this ranking

Visit BlackBull Markets

Read the full BlackBull Markets New Zealand review

FMA licensee

Black Bull Group Limited: derivatives issuer licence, active, granted 12 August 2020; registration FSP403326

EUR/USD spread

0.46 pips, tested, raw spread plus commission account

Cheapest round turn, 1.0 lot

US$10.60, tested spread

Minimum deposit

US$0

Platforms in New Zealand

MT4, MT5, cTrader, TradingView, BlackBull CopyTrader

Why We Recommend BlackBull Markets

For the fastest limit order fills, BlackBull Markets is where I would start. On our global test panel, its limit order fills ranked first of 36 brokers and its market order fills ranked fifth of 36, results from the 2026 execution test on MetaTrader 4 demo accounts. You set your entry price with a limit order, and the quicker it fills, the less chance of slippage. The licensee is Black Bull Group Limited, incorporated in New Zealand, and you can trade MT4, MT5, cTrader, TradingView, and BlackBull CopyTrader.

Pros & Cons

• Limit order fills of 72 ms, the fastest of the 36 brokers we tested, and market order fills of 90 ms, fifth, on our global panel.
• The raw account's tested 0.46 pips and US$6.00 per lot commission give a US$10.60 round turn on 1.0 lot of EUR/USD.
• The minimum deposit on the lowest account is US$0.

• The product disclosure statement states that a client can lose more than their deposit (page 15).
• No margin calls are made, and monitoring additional margin is the client's responsibility (page 13).
• An inactivity fee of NZ$5.00 is charged immediately after ninety consecutive days without a trade, then monthly (page 21).

BlackBull Markets MT5 screenshot

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• blackbull.com (New Zealand product disclosure statement), dated 10 September 2025
• Our global review (global score, tested spreads and execution)

2. ThinkMarkets: lowest tested raw spread

70/100

Global score

#2 of 11 in this ranking

Visit ThinkMarkets

Read the full ThinkMarkets New Zealand review

FMA licensee

TF Global Markets (Aust) Ltd: derivatives issuer licence, active, granted 17 December 2021; registration FSP623289

EUR/USD spread

0.22 pips, tested, raw spread plus commission account

Cheapest round turn, 1.0 lot

US$9.20, tested spread

Minimum deposit

US$0

Platforms in New Zealand

MT4, MT5, ThinkTrader, TradingView

Why We Recommend ThinkMarkets

ThinkMarkets has the lowest tested raw spread. Its raw spread account costs US$9.20 per round turn on one standard lot of EUR/USD, and the tested spread comes from our global spread tests, run by Ross Collins. That round turn is the tested spread plus the commission, so both parts of the cost are known before you trade. The platforms on offer are MT4, MT5, ThinkTrader, and TradingView.

Pros & Cons

• The raw account's tested spread of 0.22 pips, from Ross Collins's spread tests.
• Time at the minimum spread of 97.93 per cent in our zero-spread testing.
• No withdrawal fee from ThinkMarkets, though a bank or payment processor may deduct one (statement page 23).

• No negative balance protection: the client stays liable for a negative balance that closing out cannot cover (page 14).
• The stop out level is set at 50 per cent of initial margin, or 0.5 per cent of the notional contract amount (page 14).
• The New Zealand product disclosure statement gives the New Zealand address as care of Baker Tilly Staples Rodway Auckland Ltd (page 25).

ThinkMarkets ThinkTrader screenshot

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• thinkmarkets.com (New Zealand product disclosure statement), dated 11 April 2023
• thinkmarkets.com (published standard spread)
• Our global review (global score, tested spreads and execution)

3. IG Group: widest choice of platforms

68.2/100

Global score

#3 of 11 in this ranking

Visit IG Group

Read the full IG Group New Zealand review

FMA licensee

IG Australia Pty Ltd: derivatives issuer licence, active, granted 9 July 2021; registration FSP684191

EUR/USD spread

1.13 pips, published average, one spread, no commission account

Cheapest round turn, 1.0 lot

US$11.30, published average spread

Minimum deposit

US$0

Platforms in New Zealand

MT4, MT5, ProRealTime, IG Trading Platform, L2 Dealer, TradingView

Why We Recommend IG Group

IG Group is the broker for the widest choice of platforms. New Zealand clients can trade MT4, MT5, ProRealTime, the IG Trading Platform, L2 Dealer, and TradingView. That breadth has a practical side: a strategy that outgrows its platform can move to another without changing brokers. If you already work in MT4 or on TradingView charts, you can stay there and still trade with IG Group.

Pros & Cons

• Negative balance protection applies to a retail client, and a debit balance is adjusted back to zero at no cost (page 13).
• Our global test panel of 36 brokers, not a New Zealand test, measured IG's market order fill at 141 ms.
• Complaints can be taken to Financial Services Complaints Limited (FSCL), which charges the complainant nothing to use the scheme (page 12).

• IG accepts no liability for the solvency of a bank holding the trust accounts (page 11).
• IG Australia Pty Ltd operates its business for New Zealand investors through its office based in Australia (page 12).
• Live exchange data is a monthly subscription that varies by account classification and exchange, charged until cancelled (page 11).

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• app.mbieregisters.govt.nz (New Zealand product disclosure statement), dated 3 February 2025
• ig.com (published raw spread)
• ig.com (published standard spread)
• Our global review (global score, tested spreads and execution)

4. CMC Markets: cheapest tested round turn

64.6/100

Global score

#4 of 11 in this ranking

Visit CMC Markets

Read the full CMC Markets New Zealand review

FMA licensee

CMC Markets NZ Limited: derivatives issuer licence, active, granted 12 December 2014; registration FSP41187

EUR/USD spread

0.8 pips, tested, one spread, no commission account

Cheapest round turn, 1.0 lot

US$8.00, tested spread

Minimum deposit

US$0

Platforms in New Zealand

Next Generation, MT4, TradingView

Why We Recommend CMC Markets

CMC Markets is my pick for the cheapest tested round turn. Its one spread account costs US$8.00 per round turn on one standard lot of EUR/USD, with no commission, and the spread is tested. That figure is the whole round-turn cost, and no commission is added to it. The licensee, CMC Markets NZ Limited, is incorporated in New Zealand, and its platforms are Next Generation, MT4, and TradingView.

Pros & Cons

• The firm advertises more than 12,000 instruments on the Next Generation platform, its own claim on its own New Zealand site.
• Client money is not used to fund the firm's own hedging, which is funded from its operating cash account (statement page 18).
• The firm advertises twenty years on the ground in New Zealand, its own claim on its own New Zealand site.

• The client is an unsecured creditor of CMC Markets for money owed under the agreement (page 18).
• CMC Markets keeps the interest on client money, which the statement says may be considered a fee (page 18).
• A close-out warning may be sent, but the statement says not to rely on it (page 16).

CMC Markets Next Generation and MT4 screenshot

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• cdn.cmcmarkets.com (New Zealand product disclosure statement), dated 7 May 2026
• Our global review (global score, tested spreads and execution)

5. Axi: fast MT4 limit order fills

64.5/100

Global score

#5 of 11 in this ranking

Visit Axi

Read the full Axi New Zealand review

FMA licensee

AxiCorp Financial Services Pty Ltd: derivatives issuer licence, active, granted 1 June 2018; registration FSP518226

EUR/USD spread

0.43 pips, tested, raw spread plus commission account

Cheapest round turn, 1.0 lot

US$11.30, tested spread

Minimum deposit

US$0

Platforms in New Zealand

MT4, MT5, Axi Trading Platform

Why We Recommend Axi

If you want fast MT4 limit order fills, Axi is the broker to look at. Its limit order fills ranked eighth of 36 brokers on our global test panel, in the 2026 execution test on MetaTrader 4 demo accounts. The platform offered to New Zealand clients is MT4, so the test platform and the trading platform match. If you already trade on MT4, the ranking applies to the platform you use.

Pros & Cons

• A tested raw spread of 0.43 pips from Ross Collins's spread tests, not a New Zealand test.
• Negative balance protection for retail clients, limiting losses to the money in the account (page 6).
• Limit order fills of 90 ms on our global panel of 36 brokers.

• Axi holds no individual segregated accounts, and client money is co-mingled with other clients' money in its trust accounts (page 21).
• Axi may pay the interest on the client trust account to itself (page 21).
• An inactivity fee applies after 12 continuous months with funds in the account, no trading and no open positions (page 21).

Axi MT4 screenshot

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• axidocs.s3.ap-southeast-2.amazonaws.com (New Zealand product disclosure statement), dated 9 December 2024
• Our global review (global score, tested spreads and execution)

6. Zero Markets: offered by Zero Markets (NZ) Limited

63.5/100

Desk-based assessment: scored from published information, not tested

#6 of 11 in this ranking

Official site

Read the full Zero Markets New Zealand review

Scored on seven of eight categories.

FMA licensee

Zero Markets (NZ) Limited: derivatives issuer licence, active, granted 27 August 2018; registration FSP569807

EUR/USD spread

1.2 pips, published average, Standard account

Cheapest round turn, 1.0 lot

US$12.00, published average spread, Standard account; Super Zero not costed: commission in NZ$

Commission, as published

NZ$4 per side, Super Zero account

Platforms in New Zealand

MT4, MT5, ZERO Markets App

Why We Recommend Zero Markets

I would look at Zero Markets if you want an issuer incorporated and licensed in New Zealand. The licensee, Zero Markets (NZ) Limited, holds an active derivatives issuer licence granted 27 August 2018, with FSP registration FSP569807. It names MT4, MT5, and the ZERO Markets App for New Zealand clients, and the underlying instruments may be bullion, stocks, commodities, indices, cryptocurrencies, or currencies. The Super Zero account's commission is NZ$4 per side.

Pros & Cons

• Client money is paid promptly into a client trust account the company maintains with a bank in New Zealand (page 21).
• Financial Dispute Resolution Services, the approved independent external scheme in New Zealand, charges no fee to investigate or resolve a complaint (page 22).

• The client is an unsecured creditor of the company for obligations owed under the client agreement and the contracts (page 19).
• Without prior notice, the company may liquidate some or all open positions if the account balance reaches or falls below the stop-out level (page 17).

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• zeromarkets.com (New Zealand product disclosure statement), dated 13 January 2025
• zeromarkets.co.nz (published EUR/USD average spreads), read 5 October 2026
• zeromarkets.co.nz (published commission), read 1 October 2026
• Our New Zealand review (desk score, scored from published information, not tested)

7. Plus500: offered by Plus500AU Pty Ltd

58.8/100

Global score

#7 of 11 in this ranking

Visit Plus500

Read the full Plus500 New Zealand review

FMA licensee

Plus500AU Pty Ltd: derivatives issuer licence, active, granted 30 September 2016; registration FSP486026

EUR/USD spread

0.8 pips, published average, one spread, no commission account

Cheapest round turn, 1.0 lot

US$8.00, published average spread

Minimum deposit

US$100

Platforms in New Zealand

Plus500 Trading Platform

Why We Recommend Plus500

Plus500 suits a trader who wants a single spread account with no commission, and trading runs on the broker's own Plus500 Trading Platform. I would shortlist it if you are starting out, because the spread carries the whole round-turn cost and that is easy to budget. The minimum deposit is US$100, so you can start with a small balance. That spread is the broker's own published average, which I would keep in mind when you line it up against tested numbers. Plus500 is offered by its licensee, Plus500AU Pty Ltd, an Australian company form in the register name.

Pros & Cons

• Negative balance protection: recourse is limited to money in the trading account, and a sub-zero balance is restored to zero (page 9).
• No dealing commission, with the spread built into the quoted price and not billed separately (page 27).
• FSCL charges the complainant nothing (page 32).

• All client money sits in one pooled account, not held separately per client (page 31).
• Plus500AU keeps the interest, calculated daily, and pays none of it on to clients (page 29).
• An inactivity fee of up to US$10 a month after three months with no login, capped at the remaining balance (page 30).

Plus500 Plus500 Trading Platform screenshot

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• cdn-main.plus500.com (New Zealand product disclosure statement), dated 17 September 2026
• plus500.com (published standard spread)
• Our global review (global score, tested spreads and execution)

8. EC Markets: cheapest published round turn

53.7/100

Desk-based assessment: scored from published information, not tested

#8 of 11 in this ranking

Official site

Read the full EC Markets New Zealand review

Scored on eight of eight categories.

FMA licensee

EC Markets Financial Limited (previously CTRL Investments Limited or MahiFX Limited): derivatives issuer licence, active, granted 20 January 2015; registration FSP197465

EUR/USD spread

0.1 pips, published average, raw spread plus commission account

Cheapest round turn, 1.0 lot

US$4.00, published average spread

Commission, as published

US$1.50 per side per standard lot, ECN account

Platforms in New Zealand

MT5, EC Markets App

Why We Recommend EC Markets

EC Markets is my pick for the cheapest published round turn. Its raw spread plus commission account costs US$4.00 per round turn on one standard lot of EUR/USD, and the spread is a published average. That is the lowest round turn on the accounts of the rated New Zealand brokers whose EUR/USD spread is a published figure. The licensee, EC Markets Financial Limited (previously CTRL Investments Limited or MahiFX Limited), is incorporated in New Zealand and holds an active derivatives issuer licence granted 20 January 2015, with FSP registration FSP197465. It names MT5 and the EC Markets App for New Zealand clients.

Pros & Cons

• All client funds are held separate from the company's own funds in trust accounts with major banking institutions (page 18).
• The company charges no withdrawal fees, though some banks use intermediary banks whose charges are the client's responsibility (page 17).

• There is a possibility a client will lose more than the funds they have deposited (page 23).
• On a margin closeout event the company automatically closes out the least profitable positions, which could mean all open positions are closed (page 6).

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• ecmarkets.co.nz (New Zealand product disclosure statement), dated 16 May 2025
• ecmarkets.co.nz (published EUR/USD average spreads), read 1 October 2026
• ecmarkets.co.nz (published commission), read 1 October 2026
• Our New Zealand review (desk score, scored from published information, not tested)

9. Pacific Financial Derivatives: offered by Pacific Financial Derivatives Limited

47.7/100

Desk-based assessment: scored from published information, not tested

#9 of 11 in this ranking

Official site

Read the full Pacific Financial Derivatives New Zealand review

Scored on seven of eight categories.

FMA licensee

Pacific Financial Derivatives Limited: derivatives issuer licence, active, granted 27 February 2015; registration FSP28944

EUR/USD spread

Not costed: no published average spread

Cheapest round turn, 1.0 lot

Not costed: no published average spread

Commission, as published

US$1 per side per standard lot, PFDPro and PFDProPlus accounts

Platforms in New Zealand

MT4

Who Pacific Financial Derivatives suits

I would look at Pacific Financial Derivatives if you trade on MT4 and want your commission priced per lot. Its New Zealand site publishes a commission of US$1 per side per standard lot on its PFDPro and PFDProPlus accounts, and the spreads on its pages are live feed snapshots. The spread you see when you trade is only part of your cost. Pacific Financial Derivatives Limited, the licensee, is incorporated in New Zealand and holds an active derivatives issuer licence from the Financial Markets Authority. Its PDS names the company as both issuer and provider of the margin foreign exchange and CFDs the statement covers.

Pros & Cons

• Client money paid for margin and fees is held in separate trust accounts and is not regarded as part of the company's assets (page 16).
• Financial Dispute Resolution, an approved dispute resolution scheme, charges the complainant no fee to investigate or resolve a complaint (page 17).

• Stop loss orders are not guaranteed and their execution depends on market volatility and liquidity (page 13).
• The company may reduce or close all open contracts without further notice if margin payments fail, and the client will be liable for any shortfall (page 12).

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• pfd-nz.com (New Zealand product disclosure statement), dated 11/06/2024
• pfd-nz.com (published commission), read 1 October 2026
• Our New Zealand review (desk score, scored from published information, not tested)

10. ACE Markets: offered by ACE Markets Limited

38.7/100

Desk-based assessment: scored from published information, not tested

#10 of 11 in this ranking

Official site

Read the full ACE Markets New Zealand review

Scored on eight of eight categories.

FMA licensee

ACE Markets Limited: derivatives issuer licence, active, granted 18 January 2016; registration FSP703051

EUR/USD spread

Not costed: no published average spread

Cheapest round turn, 1.0 lot

Not costed: no published average spread

Commission, as published

None

Platforms in New Zealand

MT5

Who ACE Markets suits

ACE Markets suits a trader who wants a single Standard Account on MT5, kept in NZD or USD as you nominate. Its PDS states the firm requires no minimum deposit to become a client, and you may trade once your funds meet the initial margin. The underlying instruments for its CFDs include certain currencies, commodities such as gold and silver, and cryptocurrencies. Its Client Services Agreement states no commission is payable on CFD trades, so I would still check the spread you are quoted before your first deposit. The licensee, ACE Markets Limited, is incorporated in New Zealand and licensed by the Financial Markets Authority as a derivatives issuer.

Pros & Cons

• The client trust account is held with Bank of New Zealand Limited, a New Zealand registered bank, and holds no other money, including the firm's own (page 20).
• The firm is a member of Financial Dispute Resolution Service, an approved dispute resolution scheme, and handles complaints free of charge (page 23).

• The PDS dated 22 April 2026 states the firm's trading platform closes positions automatically, without prior notice, where total equity falls below 50% of the continuing margin (page 12).
• The firm will not make margin calls, and monitoring the continuing margin requirement is the client's sole responsibility (page 12).

Sources

• fma.govt.nz (FMA register entry), read 19 September 2026
• acemarkets.co.nz (New Zealand product disclosure statement), dated 22 April 2026
• acemarkets.co.nz (published commission), read 5 October 2026
• Our New Zealand review (desk score, scored from published information, not tested)

More FMA-licensed brokers we rate

• 

  11. Jarden 29.7/100 Desk-based assessment: scored from published information, not tested

  Jarden Securities Limited; FMA register

  Jarden suits traders who can lodge the NZ$10,000 minimum generally needed to open an account (FX derivatives PDS dated 4 March 2026, page 32).

  Read our Jarden review Official site

How to choose a forex broker in New Zealand

Five checks before you deposit

1. Check the issuer is FMA licensed

Check the licence, not the brand. The FSP number identifies who holds the licence, and the licence itself is the derivatives issuer licence, so confirm the legal entity named in the PDS holds an active derivatives issuer licence on the FMA’s register of licensed providers before you fund the account, and treat the FSP number as registration only, not the licence. The register entry behind each issuer rated here is on our page of FMA-regulated brokers.

2. Read what a round turn costs, with its basis

Every spread figure on this page carries a basis word next to it. A spread labelled “tested” comes from Ross Collins’s spread tests, while “published average” or “advertised” means the broker’s own number, which we did not measure. There is no New Zealand test: the tested spreads come from Ross Collins’s spread tests and the fill times from our global test panel. Also check which account a figure refers to, since a raw-spread account charges commission on top, and a one-spread account does not.

3. Read the product disclosure statement before you deposit

Read the PDS before, not after, depositing. The FMA requires the issuer to give it to you before you trade, and it names insolvency of the provider as a risk to read for: if your provider became insolvent, you may be an unsecured creditor and have difficulty getting your money back.

4. Check the leverage the issuer sets

Check the leverage terms the issuer sets, since no FMA cap applies and the issuer decides the limit. The FMA’s description of leverage as borrowing money to place a bet, repayable in full on a loss, is the yardstick to measure those terms against.

5. Check where the entity is incorporated

Finally, check the entity’s jurisdiction. An FMA derivatives issuer licence can be held through a company incorporated outside New Zealand, and four of the rated issuers hold theirs that way: TF Global Markets (Aust) Ltd, IG Australia Pty Ltd, AxiCorp Financial Services Pty Ltd and Plus500AU Pty Ltd. The FMA separately recommends avoiding overseas forex services it has not licensed, and the register confirms which licensed company stands behind the account you are about to fund.

Which forex brokers are licensed in New Zealand?

Any person or business offering New Zealanders contracts linked to an exchange rate must hold a derivatives issuer licence from the Financial Markets Authority, the FMA states on its consumer page for foreign exchange trading. The FMA classes retail forex trading as derivatives trading rather than currency dealing, so the licence that covers it is the derivatives issuer licence, the same instrument that covers CFDs. Of the derivatives issuers on the register, 11 offer retail forex or CFD trading, and this page rates 11 of them. Our CFD Trading in New Zealand (2026) page covers the CFD side of that licence. The full list of licensed issuers, with the register entry behind each one, is on our page of FMA-Regulated Forex Brokers in New Zealand.

Is forex trading legal in New Zealand?

Yes, forex trading is legal in New Zealand, and the FMA’s consumer page spells out how it is regulated. Forex trading using contracts linked to the exchange rate between two currencies is classed as trading a derivative financial product, which means individuals or businesses offering those contracts must hold a derivatives issuer licence from the FMA. Trading through a licensed issuer is therefore lawful for a retail client, while offering the contracts without a licence is not.

The FMA recommends New Zealanders avoid overseas forex trading services not licensed by it, even if they appear to be regulated by an overseas authority, so legality for a local trader turns on whether the issuer holds the New Zealand licence. The FMA also opens its page with a warning of its own: forex trading for profit is very risky, and it regularly receives complaints and enquiries from consumers who have lost money in online forex trading.

What leverage can a New Zealand forex broker offer?

The FMA’s ‘Standard Conditions for derivatives issuer licences’, April 2024 edition, read 28 September 2026, contain no leverage condition and set no leverage limit. The limits the FMA consulted on in June 2024, from 30:1 on major currency pairs down to 2:1 on crypto, are not in those standard conditions, so the leverage a New Zealand trader is offered is set in the issuer’s own terms. What differs by asset class is the limit each issuer sets in its own terms, and those per-issuer figures are on each issuer’s review rather than here.

Leverage itself is the risk the FMA is blunt about. It describes leveraged forex trading as borrowing money to place a bet, with the full borrowed amount repayable on a loss, not only the client’s own margin. A trader deciding how much leverage to accept should read that description before deciding.

Which New Zealand forex broker has the lowest trading cost?

EC Markets has the lowest round turn on any basis, US$4.00 per standard lot of EUR/USD, from its published average plus commission, the broker’s own figure, not tested. The cheapest tested round turn is CMC Markets’ US$8.00, which Plus500’s published average matches. ThinkMarkets has the lowest tested raw spread, 0.22 pips plus a US$7.00 commission, which totals US$9.20. Axi is the dearest at US$14.50, tested. A pip on EUR/USD is US$10 per standard lot, so a round turn is the spread in pips times that value, plus any commission. Zero Markets’ Standard account costs US$12.00 per round turn from a commission-free published average spread, not tested; its Super Zero is not costed, its commission in New Zealand dollars. Not costed are Pacific Financial Derivatives (live feed snapshots only), ACE Markets (no published spread figure), and Jarden (per-deal pricing, commission agreed with each client).

The document that carries an issuer’s costs is the product disclosure statement. The FMA requires a licensed derivatives provider to give a client a PDS before they trade, so the fees, the margin terms and the close-out rules are all in writing before any money moves. Reading the PDS is not a formality: it is the one place where the issuer’s own charges are stated in the issuer’s own words.

Best forex trading platforms in New Zealand: MT4, MT5 and TradingView

MT4 is offered in New Zealand by BlackBull Markets, ThinkMarkets, IG Group, CMC Markets, Axi, Zero Markets, and Pacific Financial Derivatives. MT5 runs at BlackBull Markets, ThinkMarkets, IG Group, Zero Markets, EC Markets, and ACE Markets, and TradingView at BlackBull Markets, ThinkMarkets, IG Group, and CMC Markets. BlackBull Markets also offers cTrader. IG Group has the widest choice, with MT4, MT5, ProRealTime, the IG Trading Platform, L2 Dealer, and TradingView, and is my pick for range. The brokers’ own platforms are ThinkTrader at ThinkMarkets, Next Generation at CMC Markets, Plus500 Trading Platform, BlackBull CopyTrader, EC Markets App, ZERO Markets App, and Jarden Market Trader and Jarden Fx24. If you trade CFDs, start with CFD Trading in New Zealand (2026).

What time does the forex market open in New Zealand?

The forex market opens with the Sydney session on Monday morning and closes with New York on Saturday morning on the New Zealand clock. Those times move because New Zealand, Sydney, London, and New York change their clocks on different dates. You will find the session times and a session clock on our Forex Market Hours in New Zealand (NZST/NZDT) page.

How we rate forex brokers for New Zealand traders

How we tested

There is no New Zealand test behind the scores on this page. The six global scores come from our global panel of 36 brokers, rated under our methodology across eight categories. That work assesses each broker’s worldwide offering, not the New Zealand entity that would issue your contract. The remaining five carry a desk score, a desk-based assessment. We scored each issuer from its published New Zealand information through the same eight categories and weights, with test columns left blank and a category scored only when its evidenced columns carry at least half its weight. Each desk score is labelled “scored from published information, not tested”.

What is specific to New Zealand is the evidence. We read the contracting entity, its FSP registration, its licence status, and the date the Financial Markets Authority granted that licence from the FMA’s register of licensed providers. We read the money, close-out, complaints, and fee terms from each issuer’s own New Zealand product disclosure statement. The measured spreads you see on this page were not measured on a New Zealand account: they are carried over from global testing, from Ross Collins’s spread tests. Fill times come from our global test panel.

Best forex broker in New Zealand by trader type