Trading Experience
Trading Conditions
Account Types
Trading Platforms
Trading Tools
2 matches
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Trading Tools

Best Forex Brokers New Zealand 2020

2 matches | Sort by:
  • Trading conditions:

    CMC Markets

    CMC Markets are a well-known market maker broker, based in London and operating globally. While it currently only offers a single live account, spreads are tighter than most of its competitors and the required minimum deposit is low enough for all beginner traders. The focus on new traders continues with CMC Market's education and analysis sections, which are insightful, well-structured and updated frequently.

    We also like the proprietary New Generation trading platform, wide asset choice and responsive customer service. Overall, an excellent broker for all traders and one of our highest rated.

  • Trading conditions:


    With 50+ Forex pairs available, tight spreads and fast execution, Plus500 is a popular broker with both its new and long-standing customers. Award-winning customer service is available 24/7 and the Plus500 platform is web-based with no need for any downloads or setup, making this a good provider for those starting out who want to keep it simple. 

    Plus500 has one account with a 100 USD minimum deposit requirement and keeps simplicity at the core of its business.

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New Zealand Financial Markets Authority (FMA)

Though the FMA’s tightening of regulation has forced many international brokers out of the New Zealand market, overall licensing is good for consumers, and the industry as a whole, because:

  • All licensed providers are checked and monitored
  • Customers have more protection. All licenced brokers must belong to a dispute resolution scheme, which will make sure you have a fair hearing if you have problems or a disagreement with your provider
  • All brokers must provide offer and reporting information, which should help you better understand their products and services.

Though it is not illegal for you to use an unregistered broker, it is illegal for an unregistered broker to offer services to New Zealand citizens. This is important to note because, while you can still use an unregistered broker, if the broker is willing to break the law in order to gain your business you must consider how responsible and trustworthy that broker is.

The FMA keeps a list of all brokers licensed to operate in New Zealand – this is kept current and before you sign up with a new broker you should check to make sure that they are licensed.

The FMA also regularly publishes consumer alerts regarding companies and purported representatives who are operating unlicensed in New Zealand. This database is fully searchable and very useful for new traders. It is also worthwhile checking your chosen broker against this database to be doubly sure that there are no outstanding warnings against them.

Dispute Resolution

It is important to note that the FMA will not provide assistance in the case of a dispute between a customer and a broker or other financial service provider.

In New Zealand, all financial service providers must be members of the Financial Service Providers Register (FSPR) and all members of the FSPR must belong to a dispute resolution scheme. There are four approved dispute resolution schemes and all Forex brokers will be members of one of the following:

  1. Banking Ombudsman – mainly deals with disputes between banks and their customers but also deals with complaints about a range of non-bank financial service providers.
  2. Insurance & Financial Services Ombudsman – mainly focused on insurance and savings providers but also provides dispute resolutions for other financial service providers that are members of its scheme.
  3. Financial Services Complaints Limited
  4. Financial Dispute Resolution – operated by FairWay Resolution


Though the new regulatory environment in New Zealand has led to a short-term decrease in the number of international brokers operating in the country, it has also led to a significantly more safe market for retail traders.

The FMA is a very transparent and responsible regulator and, as New Zealand gains a reputation as a reliable and secure country for Forex trading, we strongly believe that the industry will expand again in the future.


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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.