Best Forex Broker New Zealand 2021: Top NZ Forex Brokers List! - CryptoNewsZ
Most professional traders tend to consider FX brokers active on the FSPR or Financial Service Providers Register. FMA regulated forex brokers listed on the FSPR list and kiwis are suggested so that individual traders avoid national and international brokers who function without a New Zealand Forex license.
Although most forex brokers in New Zealand are regulated by FMA, ASIC, NFA, FCA, or other broker regulatory bodies, they may not be licensed by Financial Markets Authority (FMA) or authorized to function as New Zealand brokers. The FMA came into picture after Securities Commission in NZ was declared as incompetent. After this little introduction, read on to find out more about NZ brokers.
About Forex Broker New Zealand
Forex trading platforms New Zealand are similar to usual trading in other countries like the UK and Cyprus. The rules of trading are similar in every corner of the world and usually, the FX brokers are alike too.
Nevertheless, New Zealand has a different set of rules and regulations relating to forex trading and for this, beginner traders, as well as advanced traders trading forex for the first time in New Zealand, must do their homework in advance. There are several options for New Zealand forex brokers. What actually matters is choosing the best funding methods suiting the traders. Although, find more about various forex brokers in detail to know their services.
Best New Zealand Forex Brokers
- BlackBull Markets:- Best For Social Copy Trading Broker in New Zealand 2022
- FXCM:- Best MT4 Broker in New Zealand 2022
- CMC Markets:- Best Overall Broker in New Zealand 2022
- IG Markets:- Best For Professional Trading in New Zealand 2022
- Plus500:- Best Broker For Beginners in New Zealand 2022
- Jarden Securities:- Best Broker For Professional Investors
- Hantec Markets:- Best For New Traders
- Rockfort Markets:- Best For Both Professional And Retail New Zealand Traders
- TradeMax Markets:- Best For MetaTrader Web Trading Platform
- HFTrading:- Best For All Type of New Zealand Traders
Top New Zealand Forex Brokers List
New Zealand residents can choose the best forex broker for them by taking a look at the below list, as there we had given the top 10 trading platforms overview with its services, pros, cons, features, and more so that users can figure out the best for themself.
BlackBull Markets
BlackBull Markets maintains a regulatory status in tier-2 jurisdiction. This makes the platform safe for forex and CFD trading. The platform offers only MetaTrader platforms and several social copy trading platforms. It is popularly known for offering an array of education and research tools to help users develop the correct trading style, trading conditions, and trading strategy to make more beginners interested in trading forex. BlackBull Markets is one of the best and regulated forex brokers NZ with over 44 tradable assets and average spreads, fees, and commissions.
BlackBull Markets Features | |
|---|---|
| Regulated By | FMA |
| Best For | Best For Social Copy Trading Broker in New Zealand |
| Year Founded | 2014 |
| Minimum Deposit | $200 (Standard Account Holders) $2000 (ECN Prime Account Holders) $20,000 (ECN Institutional Account Holders) |
| Maximum Leverage | 500:1 (Precious Metals and Currency Pairs); 100:1 (Indices and Oils) |
| Tradable Assets | Forex, CFDs, Indices, Metals, Energies, and Commodities |
BlackBull Markets is authorized and regulated by zero tier-1 financial regulators (high trust score), one tier-2 financial regulator (average trust score), and zero tier-3 financial regulators (low trust score). Among the many regulators, the leading regulator of BlackBull is the FMA, the New Zealand Financial Markets Authority.
BlackBull Markets is best known for offering VPS hosting and Social Copy trading. VPS hosting is free for all clients who make min. deposits of $2000 in 2,000,000 units of trading volume every month. Social Copy trading is also offered at BlackBull Market along with the Signal markets. Copy trading includes MyFxBook, ZuluTrade, SwipeStox, and PsyQuation.
Pros and Cons of BlackBull Markets
| Pros | Cons |
| Commission-free trading. | Cryptocurrencies and shares are unavailable. |
| MyFxBook and ZuluTrade. | US clients cannot trade. |
| Social Copy and Cross-platform trading. | |
| Rich trading academy with sufficient and updated educational tools and resources. |
Fee Structure
Trading at BlackBull Market is commission free for Standard accounts but for Prime accounts, the commission fee is $3 per lot or $6 for every round turn. The commission fee is negotiable for institutional accounts.
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FXCM
FXCM Group is one of the best forex brokers in New Zealand. It was established in 1999. It falls under the Jefferies Financial with three tier-1 regulators, making FXCM one of the best regulated brokers for forex and CFD trading. Compared to other brokers, FXCM offers trading with different tools and platforms including mobile trading.
FXCM, the best forex broker New Zealand, offers a higher commission for forex and CFDs compared to the global industry average and quite a limited selection of tradable assets, but it ensures a vast access to securities. However, read more about the platform here in detail to know all the services.
FXCM Features | |
|---|---|
| Regulated By | ASIC, FCA, IIROC |
| Best For | Best MT4 Broker in New Zealand |
| Year Founded | 1999 |
| Minimum Deposit | $50 |
| Maximum Leverage | 30:1 (Major Currency Pairs); 20:1(Forex, CFDs, Stocks, Indices) |
| Tradable Assets | CFDs on Stock, Currency Pairs, Indices, Forex, Shares, Commodities, Cryptocurrency |
FXCM best known for:-
- MetaTrader 4, proprietary ECN Trading station, TradingView, NinjaTrader 8.
- Algorithmically managed investment portfolios and Social Copy trading.
- Various research tools and in-house content are available.
Pros and Cons of FXCM
| Pros | Cons |
| Low minimum deposits on the Standard account. | A high minimum deposit for Active Trader. |
| The best variety of plugins for MetaTrader 4 and ECN Trading Station platforms. | Experienced traders do not gain access to FCA investor protection. |
| Advanced API connectivity, above-par trading conditions, and all the features useful for trading. | |
| Various channels to get in touch with the customer support team. | |
| Multiple platform choices. |
Fee Structure
Standard versions or accounts do not need to pay any commissions for trading. The fees are included in the spreads. The commission on an Active Trader account is $30 for every $1mn trade. This rate can be discounted to $25 for every $1mn if the monthly turnover crosses 150 million. There are no deposit and withdrawal costs charged on credit card payments, but bank wire transfers cost $40.
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CMC Markets
CMC Markets is an internationally trusted and regulated broker in New Zealand with almost 10,000 tradable instruments. The popular Next Generation platform that comes bundled with innovative trading tools, quality research, and robust price charting.
The platform was established in 1989 and is one of the best online brokers for low fee trading, a terrific user-friendly interface, comprehensive and advanced market research and tools, and an impressive mobile app.
CMC Markets Features | |
|---|---|
| Regulated By | ASIC, IIROC, FCA, MAS |
| Best For | Best Overall Broker in New Zealand |
| Year Founded | 1989 |
| Minimum Deposit | No Minimum Deposit |
| Maximum Leverage | 30:1 (Retail Investors); 500:1 (Professional Investors) |
| Tradable Assets | Forex Pairs, Indices, ETFs and Shares, Treasuries, Commodities, Cryptocurrencies |
CMC Markets best known for:-
- Zero minimum deposit New Zealand forex trading platform.
- Overall one of the best NZ Forex brokers and a wide variety of offerings.
CMC Markets has no min. deposit requirement, which means one can deposit money in their live trading account with any amount they wish to start trading. However, you can get more details here about the platform from our honest CMC Markets review.
Pros and Cons of CMC Markets
| Pros | Cons |
| Regulated by UK FCA. | US clients are not allowed. |
| Extensive variety of offerings. | High CFD spreads for many indices. |
| Emphasis on customer service, expert advice, and education. | No automated trading or back-testing capabilities. |
| Industry-leading research amenities. | |
| Protection for client's money and account. |
Fee Structure
CMC Market charges an inactivity fee of $10 per month for every live account with no activity in over 12 months. However, no other fees are charged by CMC.
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IG Markets
IG Markets is a trusted and regulated broker that offers an ultimate package of impressive research and trading tools, competitive pricing, industry-leading knowledge, educational resources, and an array of tradable assets. The leading top forex broker New Zealand gives an all-round experience to all kinds of traders including beginners and seasoned high-volume traders.
IG Markets Features | |
|---|---|
| Regulated By | ASIC, JFSA, MAS, FINMA, FCA, CFTC |
| Best For | Best For Professional Trading |
| Year Founded | 1974 |
| Minimum Deposit | $250 or 300 EUR, 2500 CHF, 4000 ZAR, 35000 JPY, 450 AUD, 400 SGD |
| Maximum Leverage | 50:1 |
| Tradable Assets | Forex, Shares, Indices, Bonds, ETFs, Commodities, Options, Cryptocurrencies |
IG Markets best known for:-
- Professional Trading
- Over 19000 tradable assets
- DMA account for forex trading
- ProRealTime price charts
- Premium content and trade signals
IG provides tight spreads and allows traders to trade and invest with more than 80 currency pairs with a maximum leverage of 50:1. Although, know more about the platform from our full review of IG and learn all its services & features.
Pros and Cons of IG Markets
| Pros | Cons |
| First-grade web trading platform. | High CFD and forex fees. |
| Offers protection to EU and UK clients. | Slow customer support. |
| Regulated by FCA, MAS, ASIC, FINMA, and others. | No protection for US clients. |
| Good range of offerings. | |
| Excellent deposit and withdrawal options. |
Fee Structure
Clients at IG Markets are subject to swap fees on trade positions held overnight. This may be subject to a currency conversion charge if the traders trade in a currency other than the base currency. Additionally, the platform also charges an inactivity fee of $12 per month if there is no trading activity for over 24 months. Lastly, for wire transfers, withdrawals may be subject to a trading fee of $15.
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Plus500
Plus500 is the best forex broker in New Zealand, a global fintech firm, and a CFD provider. The firm was established in 2008 and it is headquartered in Israel. The trading platform has over 2500 trading instruments, including CFDs on forex, options, ETFs, indices, shares, cryptocurrencies, commodities, and more.
The leading social trading broker has a highly regulatory environment since it is regulated by multiple financial bodies including FCA, FSA, ASIC, MAS, FSCA, and CySec. eToro created the first social trading system.
Plus500 Features | |
|---|---|
| Regulated By | FCA, FSA, ASIC, MAS, FSCA, CySec |
| Best For | Best Broker For Beginners |
| Year Founded | 2008 |
| Minimum Deposit | $100 |
| Maximum Leverage | 30:1 (Forex); 20:1 (Stock Index), 5:1 (Stocks); 2:1 (Cryptos) |
| Tradable Assets | CFDs on Stock, Stock Index, ETFs, Commodities, Spot Currency Pairs, Cryptocurrencies |
Plus500 best known for:-
- The platform is best for its neatly designed point and click platform interface, ease of use, and simplicity.
- The advanced but complex trading features within Plus500 include guaranteed stop-loss orders (GSLO) and trailing stops that can help in risk management for casual traders, who may not afford to take risks.
- The web and desktop version meets the needs of progressive web applications and is compatible with multiple devices.
However, read our honest Plus500 broker review and know more details of the platform in detail.
Pros and Cons of Plus500
| Pros | Cons |
| Easy account opening process. | Limited products available – only CFDs. |
| Quick and excellent customer service quality from expert advisors. | Mediocre education and research tools. |
| Excellent proprietary trading platform. | |
| Regulated by several financial authorities across the world. |
Fee Structure
One of the investment objectives of Plus500 is to keep trading costs low compared to its rivals. There is no withdrawal fee on the 1st five withdrawals per month, no commission or trading fees charged by the platform. However, there is an inactivity fee of $10 (per quarter) charged on traders who do not log into the account for over three months.
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Jarden Securities
Unlike other forex brokers in New Zealand, Jarden Securities offers access to an excellent trading desk and client support team so that traders can place forex trades over the phone or online. Like other best forex trading platform New Zealand and various markets, Jarden offers real-time price quotes but does not run expert advisors.
Jarden Securities Features | |
|---|---|
| Regulated By | AUSTRAC, AFSL, ASIC |
| Best For | Best Broker For Professional Investors |
| Year Founded | 1961 |
| Minimum Deposit | No Minimum Deposit |
| Maximum Leverage | 33:1 (Forex Cross Pairs); 10:1 (Gold); 6:1 (Silver) |
| Tradable Assets | Stocks, Bonds, ETFs, Forex, Indices |
Jarden Securities best known for:-
- Frequent investments of large volume.
- Investors who prefer buying in real-time and avoid dealing with FX brokers.
- Beginner-friendly trading platforms with low brokerage fees for particular share purchases.
Pros and Cons of Jarden Securities
| Pros | Cons |
| Real-time price quotes. | Mobile trading app not available. |
| Low brokerage fees on high volume trading. | High fees for small trades. |
| Transparent fee structure with favorable trading conditions. | |
| Gives interest on cash deposits. | |
| Extensive educational and research tools. |
Fee Structure
For shares, the trading fee is $29.90 for trades of $15000 or less and an additional 0.20 percent fee on trades above $15000. Jarden Securities does not charge any fee for inactivity.
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Hantec Markets
Hantec Markets is one of the most famous forex brokers in NZ. FX brokers like Hantec Markets provide popular trading platforms such as MT4, MT5, and many more. The firm was established in 1990 and its headquarter is located in London. Hantec Markets is regulated and has more than 10 global offices in many countries except Iran, North Korea, and the US.
Hantec Markets Features | |
|---|---|
| Regulated By | FCA, ASIC, FSC, FMA, FSA, CGSE, JSC |
| Best For | Best For New Traders |
| Year Founded | 1990 |
| Minimum Deposit | No Minimum Deposit |
| Maximum Leverage | 2000:1 (Forex); 500:1 (Indices); 20:1 (Gold); 10:1 (Oil and Silver) |
| Tradable Assets | 44 Forex Pairs, 20 Minors, Commodities, Stock Indices |
Hantec Markets best known for:-
- Boasts more than 30 technical analysis tools, 9 timelines, and 50 indicators. The MetaTrader 4 platform has advanced abilities while presenting an easy-to-use interface that is excellent for beginners.
- The mobile app is available on Android and iOS devices with 30 indicators, multiple charting types, several order types, and quick execution speed.
- Hantec Demo account acts as a great start for new traders, works on the MT4 platform, and traders can deposit up to $10000 in the demo account, to experiment with the new platform.
Pros and Cons of Hantec Markets
| Pros | Cons |
| No min. deposit. | Single a/c offering. |
| FIX API. | No VPS. |
| Highly regulated by many financial authorities. | No spread betting or cryptocurrency trading. |
| Rich educational resources. | |
| Negative balance protection. |
Fee Structure
Hantec Markets charges fees through commissions and spreads. The spreads are quite variable and competitive with USD/EUR coming at 0.2 pips and GBP/EUR at 0.7 pips. The commissions are negotiable on the (contracts for difference) CFDs index trading. Swap fees are charges for trade positions held overnight but the fees vary based on the financial market.
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Rockfort Markets
Rockfort Markets is an FMA regulated broker offering trading opportunities on major trading platforms, MT4, MT5, and mobile phone apps. Being one of the best New Zealand forex brokers, it offers a competitive list of derivatives assets and securities with leverage options and account types geared toward both professional and retail traders.
Rockfort Markets Features | |
|---|---|
| Regulated By | FMA |
| Best For | Best For Both Professional And Retail New Zealand Traders |
| Year Founded | 2019 |
| Minimum Deposit | $200 (ECN Standard Account) $2000 (Pro Account) |
| Maximum Leverage | 500:1 |
| Tradable Assets | Forex, CFD, Index, Commodity CFDs, Metals, Options, Futures, Shares |
Rockfort Markets is a registered and FMA (Financial Markets Authority) regulated forex online broker offering a comprehensive collection of financial features and instruments but there may be additional fees for withdrawals and other non-trading activities.
Rockfort Markets best known for:-
- MT4 user interface is extremely intuitive, providing access to technical analysis tools.
- Trader Workstation, TWS, is a trading platform designed by the popular Interactive Brokers.
- MT4 mobile app offers the same charting, technical analysis, order execution, and watchlists available on the desktop version. One can analyze or access trading information from the mobile app 24*7.
The max. leverage for both Standard and Pro retail investor accounts is capped at 500:1. Traders at Rockfort Markets have access to more than 50 forex and CFD (Contracts for difference) assets including index, commodity CFDs, metals, options, futures, and shares.
Pros and Cons of Rockfort Markets
| Pros | Cons |
| Tight spreads and high leverages. | Limited methods of payment. |
| Wide variety of instruments. | Withdrawal charges for clients outside NZ. |
| Trader Workstation TWS access. | |
| Cryptocurrency trading. |
Fee Structure
Commission fees may be applicable based on the account type. Standard accounts are commission-free but FX pairs for Pro cost about $0.07 for every micro-lot. While transactions do not cost a penny, Mastercard and Visa transactions may cost 3% and withdrawals to overseas banks or in other currencies than New Zealand dollars may be subject to a $15 withdrawal fee. Additionally, Rockfort Markets also charge an inactivity fee of 20 NZD per month for accounts that are inactive for over 6 months and with a balance below $100.
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TradeMax Markets
TradeMax Markets is an online broker for forex and CFDs (contracts for difference) trading, headquartered in Australia. The CFD broker is regulated by two of the leading financial authorities, namely, ASIC and VFSC.
TradeMax Markets is functional in several jurisdictions and delivers personalized trading experience with maximum access to international platforms and over 15000 trading instruments. The firm supports both mobile and desktop apps for Android and iPhone devices and it specializes in providing an all-in-one trading platform.
TradeMax Markets Features | |
|---|---|
| Regulated By | ASIC, VFSC |
| Best For | Best For MetaTrader Web Trading Platform |
| Year Founded | 2013 |
| Minimum Deposit | $100 |
| Maximum Leverage | 500:1 |
| Tradable Assets | Forex, CFD Trading on Shares, Indices, Precious Metals, Soft Commodities, Energies, Cryptocurrencies |
TradeMax Markets best known for:-
- MetaTrader web trading platform is highly customizable, easy to modify the position and size of the tabs.
- TradeMax Markets offer a one-step instant login.
- There are no withdrawal fees at TMGM.
- The account opening process is fully digital and easy, and one can start trading within 10 minutes after the account is processed.
Pros and Cons of TradeMax Markets
| Pros | Cons |
| Supports both MetaTrader 4 and 5 trading platforms. | Regulated by only two financial bodies. |
| Executes trades at an incredibly fast speed. | Limited options for depositing. |
| High-grade customer protection. | Below-par mobile app features. |
| Access to Pro accounts and VIP Money Manager. | |
| More than 15000 financial instruments. |
Fee Structure
Apart from the usual trading commissions applied on most trades, TradeMax Markets offers a competitive fee structure. Though the forex broker does not have any additional deposit or withdrawal fee for both the account types, users must note that their accounts may be charged with maintenance fees if the account balance is below $100 or is kept inactive for more than six months.
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HFTrading
HFTrading is a financial trading, multi-asset regulated broker, established in 2018. The platform has expanded its asset section by including forex, commodities, indices, CFD, Futures, and cryptocurrency, in its list. It is headquartered in Australia but it has not yet gone global. However, it is one of the best forex brokers Australia that everyone should try once & explore.
HFTrading Features | |
|---|---|
| Regulated By | ASIC |
| Best For | Best For All Type of New Zealand Traders |
| Year Founded | 2018 |
| Minimum Deposit | $250 |
| Maximum Leverage | 200:1 (Silver Account); 400:1 (Gold Account); 500:1 (Platin...
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