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Forex Brokers in New Zealand

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New Zealand is a country with a strong economy and legal regulations. Opening a forex brokerage company in New Zealand requires large funds and clear legality. All forex brokers operating in this English common law user countries must be registered in Financial Markets Authority (FMA) regulator.

Interestingly, forex brokers that only provide trading services for residents outside of NZ don't require to obtain the FMA's permission. Regulation from the New Zealand Financial Service Providers Register (FSPR) is enough. Because of these conditions, many forex brokers make New Zealand their base of operations to expand into Asia-Pacific.


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Score Broker Country Regulation Min Deposit Max Leverage
162
XM
XM
New Zealand
FSP (New Zealand)
$5
1 : 1000
693
Axi
Axi
New Zealand
FSCL (New Zealand)
$0
1 : 500
733
TMGM
TMGM
New Zealand
FSP (New Zealand)
$100
1 : 500
678
BlackBull Markets
BlackBull Markets
New Zealand
FMA (New Zealand)
$50
1 : 500
316
Key to Markets
Key to Markets
New Zealand
FSP (New Zealand)
$100
1 : 500
571
Land-FX
Land-FX
New Zealand
FSP (New Zealand)
$300
1 : 500
707
MultiBank
MultiBank
New Zealand
FMA
$50
1 : 500
493
Ingot Brokers
Ingot Brokers
New Zealand
FSP (New Zealand)
$100
1 : 400
756
Rockfort Markets
Rockfort Markets
New Zealand
FMA (New Zealand)
$200
1 : 500
580
Circle Markets
Circle Markets
New Zealand
FSCL (New Zealand)
$50
1 : 500
619
TurboForex
TurboForex
New Zealand
FSP (New Zealand)
$250
1 : 500
499
PFD
PFD
New Zealand
FMA (New Zealand)
$1
1 : 300
494
Velocity Trade
Velocity Trade
New Zealand
Financial Dispute Resolution (NZ)
$1000
1 : 200
793
RockGlobal
RockGlobal
New Zealand
FMA (New Zealand)
$200
1 : 500
718
HFTrading
HFTrading
New Zealand
FSP (New Zealand)
$300
1 : 400

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.

Additional FAQ

Some brokers might claim that they are in the process of applying for a license or a license extension. But in reality, not all brokers are true to their words. Some of them don't actually apply for any license and only use those words to steal the clients' funds. Even if the license is indeed "in the process", the broker's still unregulated during that time.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

In America, each legal company must register themselves at the CFTC. However, not all companies registered there are forex brokers; it could be a business company, publishing company, and so on.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

There are two steps you may take to avoid falling prey to artificial slippage:

  1. Steer clear of stop orders and make use of limit orders instead.
  2. Add decreased slippage parameters to your expert advisors (in case you are using EA).

Continue Reading at Can ECN Brokers Cheat on You?

Several forex companies of Russian origin have moved to Europe -mainly Cyprus and the UK in order to ease global expansion. Here are some of them that might be good for you:

  • Exness
    Exness is authorized and regulated across Europe through MiFID II. Exness is very suitable for traders with low capital requirement and various account offerings.
  • XM Group
    XM Group is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), legitimizing its operations across Europe.
  • Alpari
    A few years ago, Alpari was the most famous Russian forex broker worldwide. Its popularity dropped following tragic losses suffered by its UK entity in 2015. Currently, Alpari only registered in Belarus and St Vincent and the Grenadines. Nevertheless, Alpari is still one of the favorite brokers for Eastern European and Russian residents.

Continue Reading at Best Forex Brokers in Russia


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