Zero Markets Review New Zealand 2026

How safe is Zero Markets?

Yes, Zero Markets (NZ) Limited holds an active derivatives issuer licence from the Financial Markets Authority, granted on 27 August 2018. We read the FMA register on 19 September 2026 and confirmed both the licence and the company’s registration on the Financial Service Providers Register, FSP569807. The two are different things: that registration is an entry on the register, while the derivatives issuer licence is the authorisation that lets the company issue derivatives to a New Zealand client.

The register states that Zero Markets (NZ) Limited was previously known as Trademax Global Markets (NZ) Limited or Carrick Just Capital Markets Limited. The Financial Markets Authority says that trading forex through contracts linked to an exchange rate is trading a derivative, and that anyone offering those contracts in New Zealand must hold a derivatives issuer licence from the FMA. It classes retail forex trading as derivatives trading, not currency dealing. A licensed derivatives provider must give a client a product disclosure statement before they trade, and the FMA recommends New Zealanders avoid overseas forex services it has not licensed, even where an overseas regulator appears to cover them.

What the FMA licence covers

The statement says on page 22 that the company is regulated and licensed by the FMA as a derivatives issuer under the Financial Markets Conduct Act 2013, and holds a New Zealand derivatives issuer licence. That is the licence the FMA has granted to this company, and it is what you can check yourself on the FMA register.

The statement also says on page 22 that the FMA’s role in licensing derivatives issuers is limited, and does not imply approval or endorsement of the business, trading or solvency. I would read that limit as part of the licence itself.

Zero Markets client money and dispute scheme

A New Zealand client contracts with Zero Markets (NZ) Limited, a company incorporated in New Zealand.

Who a New Zealand client contracts with

Zero Markets (NZ) Limited, company number 6358657, holds NZBN 9429046269300 and was incorporated on 28 July 2017 according to the Companies Office register, the same NZBN the company’s website footer shows, and it is part of the Zero Markets Group (statement, page 22). At the time the statement was written the company had one hedging counterparty, Trademax Australia Limited, a separate company from the issuer (statement, page 21).

Where a New Zealand client’s money is held

Client money is paid promptly into a client trust account the company maintains with a bank in New Zealand, and is handled under regulations 238 to 250 of the Financial Markets Conduct Regulations 2014 (statement, page 21). It is held on trust in a segregated client trust account, separate from any money held for the company’s own account, and may be co-mingled into one or more pooled trust accounts with other clients’ money (statement, page 21). The company may invest money held on trust in term deposit investments, and says the placing of that money does not in itself affect a client’s ability to deal with or withdraw funds, though such amounts may not be immediately available (statement, page 21). The company is solely entitled to all interest derived on invested client money, and charges no fee for those term deposit investments (statement, page 21). The company does not use client money to meet obligations it incurs when hedging with its counterparties, and funds those from its own money (statement, page 21). The company does not accept client property (statement, page 21).

What happens if the company fails

The obligations owed to a client under the client agreement and the contracts are unsecured obligations, so the client is an unsecured creditor of the company (statement, page 19). The Financial Markets Authority names insolvency of the provider as a risk to read the statement for, and says a client may be an unsecured creditor. Should there be a deficit in the client trust account and the company become insolvent before it is topped up, the client is an unsecured creditor for the balance owing (statement, page 22). The company’s creditworthiness has not been assessed by an approved rating agency (statement, page 19).

How to complain, and who hears it

A complaint goes to the Compliance Officer in writing, by email to [email protected] or by letter (statement, page 22). If a complaint is not resolved to the client’s satisfaction within two months, the client has the right to lodge it with Financial Dispute Resolution Services, an approved independent external dispute resolution scheme in New Zealand (statement, page 22). FDRS charges no fee to a complainant to investigate or resolve a complaint (statement, page 22).

Zero Markets at a glance

The table below gathers what the statement and the FMA register state about Zero Markets in one place: the licence, the entity, the costs the statement sets out, and where client money is held. Every entry carries its source and its page. It is a summary for checking details quickly, and the sections above and below carry the full terms.

Zero Markets funding methods and withdrawals

Only cash or cash equivalent is accepted as opening collateral or funding (statement, page 11). If you were expecting to fund an account some other way, that is the rule the statement sets.

Deposit methods (NZ clients)

An account is funded by electronic or telegraphic transfer or another agreed means (statement, page 11). The company does not accept cash in hand or physical cash deposits into any of its bank accounts (statement, page 11). Funding options on the company’s New Zealand website include credit and debit card, Apple Pay, Google Pay and POLi, all in NZD, instant and fee free, plus SEPA bank wire in USD or NZD, which takes one business day and carries no fee. The funding page adds that its list is a guide only, with the Client Portal displaying the options that apply at any moment.

Withdrawals

Deposits and withdrawals by bank wire to and from accounts outside New Zealand attract additional processing fees from the company’s bank and the receiving bank, higher again where intermediary banks are involved (statement, page 21). Card withdrawals are processed in NZD for US$1.50 per transaction and take 3 to 5 business days, according to the company’s New Zealand website. For wires and POLi, in either USD or NZD, a domestic transfer is free of charge while an international one costs NZD 10, and either way the money moves within a single business day.

Zero Markets accounts

The company may reject an account application at its sole discretion (statement, page 23). Before you are accepted, you must answer a Client Suitability Questionnaire covering your trading experience, your understanding of the key features of the products, your education or professional knowledge, and your ability to manage trading risks, and the company assesses your answers against qualifying criteria and accepts no client who falls short of them (statement, page 23). Commissions may be payable on trades in some products, with opening and closing commissions both charged upon opening, and a position rolled to the next trading day means you pay a swap charge or receive a swap benefit (statement, page 20). If you fund an account and then stop trading, watch the maintenance fee: US$30 a month applies where your net equity is below US$500 and the account has had no trading activity for six months or more (statement, page 21). Profits or losses accumulated in a currency other than your nominated base currency are converted at spreads that may be wider than those shown on the trading platform (statement, page 21). You must review the confirmation of contracts immediately and report any discrepancies within 24 hours (statement, page 14).

On 13 October 2026 we read the company’s New Zealand website, which lists two accounts, Standard and Super Zero. Standard runs spreads from 1.0 pips with commission of NZD 0, while Super Zero offers raw spreads from 0.0 pips for commission of NZD 4 per side.

Both MetaTrader 4 and MetaTrader 5 are available from the company, each running on Windows, Mac, iOS, Android and in a web browser, and WebTrader gives you browser access to live and demo accounts on the two. Expert Advisors run on both, so automation is available whichever you choose. Links on the home page point to a Zero Markets app in Apple’s store and on Google Play, and clients meeting monthly balance and trading volume conditions can use a free virtual private server for forex and gold.

Minimum deposit

The benefits listed for these contracts include no account opening fees or minimum balance (statement, page 6), while the minimum balance to open an account is set out on the company’s website and may be varied at the company’s discretion (statement, page 10). The company’s New Zealand website shows a minimum opening balance of NZD 20 or equivalent, and it is the same whether you choose Standard or Super Zero.

Zero Markets markets

The statement says on page 2 that the underlying instrument of these contracts may be bullion, stocks, commodities, indices, cryptocurrencies or currencies. Dealing spreads are applied on opening and closing, vary by market, and may be changed at any time, and the statement says on page 20 that they are wider for stock indices quoted outside normal market hours. A trading day runs Monday to Friday in trading platform time, which the statement says on page 28 is generally GMT+2 or GMT+3.

Instrument tables on the company’s New Zealand website list 52 forex pairs, against the site’s own claim of 60+, along with 14 indices, 4 energy products, 6 metals, 11 cryptocurrencies and 2 bond CFDs. Share CFDs come to 428 on MT5 only, split between 354 US and 74 Hong Kong listings, where the site’s page says 400+. ETF CFDs are also listed.

Zero Markets leverage and margin in New Zealand

The Financial Markets Authority describes leveraged forex trading as borrowing money to place a bet, with the full borrowed amount repayable on a loss. On this account the company may, in its reasonable discretion, reduce your exposure by closing out one or more or all open contracts without notice, and it chooses which positions close (statement, page 12). It may also, without prior notice, liquidate some or all open positions if your account balance reaches or falls below the stop out level (statement, page 17).

Published on the company’s New Zealand website, the margin tables show index margins starting at 0.50%, the rate most indices carry, though the indices page itself quotes margins from 1%, with energy at 2%, natural gas at 4%, every cryptocurrency at 50%, and share CFDs at 5%, 10% or 20%, most at 20%. For each product’s exact requirement, the statement’s page 12 directs you to the platform’s Product Schedule.

How leverage interacts with margin on this account

There is no minimum time to meet a margin call and no limit to how often margin calls can be made (statement, page 12). The company is not obliged to notify you of a margin call obligation, and may do so by email, phone call or otherwise as a courtesy (statement, page 12). Stop loss orders are not guaranteed, the company has absolute discretion on whether to accept one, and they may be executed at a different price or not at all (statement, page 9). Where an event of default occurs, the company may cap the number of open pending orders on an account, a limit currently set at 200 orders (statement, page 8).

Zero Markets customer support

Zero Markets lists the phone number +64 800 678 010 on the company’s New Zealand website. You can also email [email protected], or reach the team through live chat, which runs around the clock, five days a week. Live chat operates in English, Korean, Vietnamese, Thai, Malaysian, Indonesian and Chinese, and the home page also links to WhatsApp, Telegram and Facebook Messenger. If your issue is a complaint, the client money section above sets out how to raise it.

What other review sites say about Zero Markets

These are ratings of Zero Markets from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.9 / 5	1,165	1 November 2026
App Store (United States)	5.0 / 5	1	1 November 2026

Zero Markets holds a Trustpilot rating of 4.9 out of 5 from 1,165 reviews, checked 1 November 2026.

Zero Markets's app ZERO Markets - Trade & Invest is rated 5.0 out of 5 from 1 ratings on the New Zealand App Store, checked 1 November 2026.

ZERO Markets - Trade & Invest is on Google Play in New Zealand but shows no rating yet; checked 1 November 2026.

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with Zero Markets?

Yes, if you would pass the suitability questionnaire and accept that your money may be pooled while you remain an unsecured creditor; no, if you need a guaranteed stop loss or a set time to meet a margin call.

The Financial Markets Authority’s own opening line is that forex trading for profit is very risky, and it says it regularly receives complaints from consumers who have lost money in online forex trading. I would satisfy myself that I would get through the suitability questionnaire at all, and read what the company may do with positions it decides to close. I would also confirm the complaint route and who hears a complaint if it goes wrong, and weigh the swap charge or benefit on a position held overnight against how I actually trade.