12/7/ · BlackBull Markets – Best Overall Forex Broker in New Zealand; IG Markets – Best Forex Broker for Beginners in New Zealand; Hantec Markets – Best MT4 Broker in New After conducting multiple reviews our team has voted on the best NZ Forex Broker which is regulated in the New Zealand by the FSB and selected Trade it’s cash welcome Forex 12/7/ · BlackBull Markets – Best Overall Forex Broker in New Zealand; IG Markets – Best Forex Broker for Beginners in New Zealand; Hantec Markets – Best MT4 Broker in New After conducting multiple reviews our team has voted on the best NZ Forex Broker which is regulated in the New Zealand by the FSB and selected Trade it’s cash welcome Forex 1/9/ · Highlights. Offers low, competitive spreads across all asset classes. One of the most highly regulated online brokers in the market. Get access to multiple forex trading platforms ... read more
BlackBull traders also have access to Virtual Private Servers VPS through VPS Trading, NYC Servers or Beeks FX. This enhances the trading execution speed to as low as 1ms. With headquarters based in the Auckland CBD, BlackBull also has its main customer support centre here, which is available during NZ business hours. To ensure the Asia-Pacific region is catered to, the New Zealand base is complemented by a Malaysian office for customer support outside business hours.
When you open a forex trading account, BlackBull will provide you with a dedicated account manager that can assist with any customer service needs. Key points of contact include:. As a locally-based FMA-regulated forex broker, Blackbull Markets offers the best forex trading platforms with the lowest trading fees. Full review Visit BlackBull. TradeMax Global Markets TMGM recently acquired an FMA financial license to operate in New Zealand. The forex and CFD broker was founded in Australia in and is well known for its competitive no dealing desk NDD execution and ECN trading environment.
TMGM offers commission and commission-free pricing structures, in 3 different accounts. An Islamic account option is only available for those following sharia law and on the edge account. As well as a good selection of account types with low spreads, TMGM offer three popular trading platforms:.
In total, thousands of CFDs can be traded with TMGM. Just keep in mind that if you want to trade shares, IRESS is your best option as you can trade shares all hours. Regardless of the trading platform you choose, TMGM utilises diverse liquidity sources to achieve ultra-tight spreads and fast execution speeds. Overall, there are many benefits to becoming a TMGM trader. You can access tight spreads from 0. A multi-regulated global broker with a long history of facilitating CFD trading, CMC Markets offers the highest maximum leverage across all markets.
This includes leverage of on major currency pairs and indices, for treasuries, and for commodities. Aside from being licensed by the FMA, the New Zealand regulator, the broker offers its brokerage services across the world with FCA regulation formally FSA in the UK and ASIC regulation in Australia. Most CFDs have trading costs included in the spread with no additional commission fees.
CMC Markets have currency pairs which start from 0. Other CFD products with no commission fees include indices, cryptocurrencies, hard and soft commodities and treasuries. If you do wish to purchase share CFDs, then you can trade over shares across 23 markets including NZX, ASX, NYSE and LSE. The commission will vary for each market but if you trade on the NZX New Zealand Exchange , the fee is 0.
Trading on the ASX will cost you 0. USD You can see the spreads offered by CMC on the core markets below, ranging from Forex to Cryptocurrencies. Both platforms are available via a desktop trading platform, web trader platform or mobile trading apps for Android and iOS devices.
While most proprietary platforms lack advanced technical analysis tools, Next Generation is on par with third-party options like MT4. The platform offers in-built technical indicators and over 70 chart patterns across 12 types of charts to help you develop robust trading strategies. Perhaps the most interesting feature is the availability of a guaranteed stop-loss order GSLO. As CMC has its own trading platforms, it is one of few brokers that can offer this feature.
A GSLO is the same as a stop-loss order but CMC will guarantee to close out of the trade at the price you set for a small premium. Best of all, if you close your trade without needing to use the GSLO, then the entire GSLO cost will be refunded. To get started, you can deposit trading funds using a credit card, direct deposit or PayPal. CMC Markets offers the highest maximum leverage on major currency pairs of up to There is a high level of risk when trading CFDs with high leverage, so only experienced traders with a high-risk threshold should consider choosing the maximum leverage available.
Maximum leverage for other products is similarly high, with for indices, for treasuries and for commodities. You can view more leverage information in the review of CMC Markets. Should you start trading with CMC, it is useful to note that this broker does have an office in New Zealand not all brokers do at Level 25, Queen Street, Auckland which can be useful if you desire a broker with a local presence.
As one of the largest FX brokers worldwide, IG markets itself as an all-in-one trading solution provider. They provide stockbroking, currency, and CFD trading services across a number of forex platforms. IG Markets is a market maker, meaning they use internal liquidity to fill your orders and act as the counterparty to your trade compared to no dealing desk brokers that connect you to external liquidity providers.
Market maker brokers like IG offer commission-free spreads, making them a good option for traders looking for a simpler cost structure. Traders also benefit from a range of risk management tools and industry-leading educational resources. IG offers a large and diverse range of products for trading across over 17, markets making it a great option for portfolio diversification. Very few brokers offer the range of products that IG Markets provide access to.
Financial products include:. Should you wish to sign up with IG, it may be useful to know the broker does not have an office in New Zealand.
Some of the other tier 1 licences include Australia ASIC , the UK FCA , Germany BaFin , and even UAE DFSA. IG also offers a huge range of 12, shares across a wide range of markets for New Zealand traders, with market-based spreads and a 0. IG is the largest forex broker globally and was ranked 10th in the best forex broker Australia list.
The issue though is in NZ they have a weaker offering with higher brokerage and primarily offshore customer support. Only traders looking specifically for the IG trading platform should consider the broker.
Review Of IG Visit IG. Those new to trading should consider Plus because of the brokers:. The platform features robust charting, with indicators and 20 drawing tools, across 2, CFD products including:.
Plus is not only FMA regulated, the broker is licensed in several financial jurisdictions such as South Africa FSCA , Singapore MAS and Europe CySEC.
One weakness of choosing Plus is that the broker does not have an office in New Zealand, which may present issues should you want to engage with the broker in person.
The easy-to-use trading platform, range of products and risk management tools is why Plus is recommended for novice NZ traders. While trading fees are higher than low costs brokers such as BlackBull Markets, this should be a lower consideration for those new to trading for which novice mistakes can cost significantly more than any increases in spread charges.
Hantec Markets New Zealand is part of the Hantec Group, which also operates regulated entities for forex trading in Australia, Japan, England and Vanuatu. The company has its headquarters in Hong Kong where it was founded 30 years ago and holds a licence to offer derivatives by the FMA in New Zealand since November Choosing Hantec Markets gives you access to commission-free spreads starting from 0. The broker uses straight-through processing STP which means there is no dealing desk.
No dealing desk interference ensures your orders receive the most optimal execution and pricing when you trade. Hantec offers the most popular forex trading platform, MetaTrader 4, for both Windows and Mac via an emulator. This platform is still the most used by online brokers worldwide and by many of the top retail traders participating in forex markets.
MetaTrader 4 MT4 is suitable for all levels of forex trader experience, with Hantec Markets offering different base currency options including GBP, USD and EUR. There is also the option of a demo account to trade virtual funds before going live with real money. Hantec is a solid MetaTrader 4 broker offering solid spreads, trading features and leverage. The key issue is that other brokers excel in these areas offering lower brokerage or superior trading speeds making it difficult to find a key reason to select the broker over the alternatives listed in this comparison.
One of the top forex brokers in NZ is Jarden Securities. Jarden specialises in trading derivatives and offers the following products for trading:. Jarden offers a choice of 3 platforms for trading. When choosing your platform, it is important you have mapped out your trading strategy as each platform offers different market access.
The following platforms are available:. Market Trader has lightning-fast execution which makes the platform popular with scalpers, high-frequency traders, copy traders and algorithmic traders. In addition, the platform has a number of useful technical analysis features such as multi-charting and multiple time frames. As a trader, you will have access to more than 50 order types and algorithms to assist you in making the correct trade.
Rockfort Markets is an FMA-regulated broker that offers both CFD and stockbroking services. Both forex platform solutions can be utilised on mobile through iOS and Android apps. A range of financial instruments is available to trade with Rockfort Markets as CFDs or physical assets.
As well as CFDs, longer-term investment opportunities include trading shares, options, futures and ETFs as physical assets. Rockfort Markets provide access to thousands of different stocks to trade from 14 different countries. Brokerage fees are competitive:.
Overall, Rockfort Markets may be well-suited if you are looking to trade a range of CFDs alongside a selection of longer-term investments such as stocks and ETFs. Regulated locally by the FMA in NZ and ASIC in Australia, HFTrading is one of the best brokers in New Zealand for crypto trading, offering a great range and diversity of 20 crypto CFDs against multiple currency pairs.
HFTrading is also MetaTrader 4 broker, with over CFDs available to trade on the platform, including cryptocurrency, stocks, ETFs, indices, commodities and forex pairs. In terms of other charges and trading costs, HFTrading charges no deposit or withdrawal fees when managing your account balance.
As with any broker, swap fees apply for open positions held overnight. It is worth noting a hefty inactivity fee may apply for traders that do make, open or close a trade for more than 60 consecutive days. Overall, HFTrading could be a good option if you are a high-volume trader making large deposits and actively trading.
Otherwise, between the wide spreads and high inactivity fees, trading costs may add up. Forex trading in NZ should only be done with an FMA-regulated forex broker holding a valid FSP number with the best brokers having:. Our review found BlackBull Markets was the best forex broker for NZ forex traders.
For CFD trading e. stocks MetaTrader 5 is the market leader while cTrader is popular for algorithmic trading. The complete list of FMA forex brokers holding a New Zealand forex licence for forex trading in NZ is the following. To determine the best forex broker in New Zealand and the above-mentioned customer service factors, leverage and product range were also considered.
The overall best NZ broker is BlackBull Markets based on their:. Blackbull is ideal for intermediate and expert NZ forex traders looking for a locally based broker that meets their needs. NZ forex traders should only consider a CFD provider that shows as active on the Financial Service Providers Register FSPR.
Only FMA brokers are listed on this page last updated in November Kiwis are recommended to avoid providers without a New Zealand forex license, including top international brokers like Pepperstone NZ, AvaTrade or Axi formally AxiTrader.
Some of the brokers on this list hold regulation licenses with more international bodies such as the Bahamas SCB , Seychelles FSA , and Vanuatu VFSC. These licenses are not considered a scam, but they might have less protection for you as a trader compared to tier-1 licenses. If you have the option of using a broker with a tier-1 regulation, then definitely take that option.
AxiTrader Axi FMA licence has been suspended and should not be considered by NZ forex traders. New Zealand forex traders should understand the high risks of leveraged products. Regulatory bodies have guides providing risk warnings and risk management suggestions, including this CFD trading article. When selecting the best forex broker in New Zealand forex broker, you should consider the following 5 aspects:. Some forex brokers will move to minimise these spreads and instead charge a commission.
This increases the transparency of forex brokerage costs and can lead to a lower overall brokerage. These types of NZ brokers are called ECN brokers.
It should be noted that some NZ forex broker charges other fees for holding positions, trading exotics and certain funding methods. The main markets are in New York and London, so the trading platform servers need to be close to these locations. Choosing the right forex trading platform will mean finding one that has a good interface, fast trading execution and popularity. By using a popular forex platform like cTrader or MetaTrader 4, a broker can relatively seamlessly change the NZ forex broker they trade with.
Forex broker reviews will often give more insights into platform performance. With currencies typically only moving in fractions of a per cent each day, leverage makes these changes more substantial. The leverage levels can be up to 10x different, so this element needs to be considered.
This is because higher leverage increases the risks of forex trading. Other features need to be enabled on individual trades such as guaranteed stops where a broker can determine the most they are willing to lose on a transaction. It should be noted that these features can increase the brokerage costs of the trader. There are many requirements of the New Zealand regulators, so choosing these FX brokers will reduce the risk of forex scans. The brokers listed on this page meet FMA requirements, and you can view the FSPR financial service provider registry.
Other key regulatory bodies include the Financial Services Complaints Ltd FSCL where complaints of financial institutions can be made. The FMA register has the full list of registered brokers in NZ with a valid licence. The top derivative issuers which offer retail forex broker NZ services are listed below. Disclaimer: Before trading, make sure you can afford to take the high risk of losing your money. For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research.
Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.
Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U. as a Commodity Trading Advisor CTA.
John Bringans is the Senior Editor of ForexBrokers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money. Home Forex Guides Directory. October 05, Submit Details.
BLACKBULL MARKETS. To come up with this list, we have tested several forex brokers holding FMA licenses in New Zealand. We placed real trades in each popular market to get the real spreads. We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers based on our trading data and experience as a trader. Forex brokers must be registered and authorized by the Financial Markets Authority FMA to operate in New Zealand. FMA was formed in May after New Zealand Parliament passed the Financial Markets Bill to streamline regulations in the financial services industry.
nz , and we recommend investors and traders follow the regulator on Twitter, FMAmedia , for important regulatory updates. FMA was set up after several financial scams in New Zealand. FMA can issue or revoke licenses, supervise operations, and also regulate business conduct for fair practices.
FMA is one of the few reputed regulators allowing leverage as high as and offers negative balance protection to traders. To select the best FMA-regulated forex brokers, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.
We picked BlackBull Markets as the overall best forex broker in New Zealand. Headquartered in Auckland, New Zealand, BlackBull Markets offers the overall best trading services to Kiwi traders. The broker is regulated in New Zealand and Seychelles and has operations in globally many countries. The spreads offered by the broker are also on the lower side, along with options of two industry-standard trading platforms: MT4 and MT5.
We picked IG Markets as the best forex broker for beginners in New Zealand. For beginner traders good educational resources are important, and IG Markets excels in offering this. Regulated in many jurisdictions, including New Zealand, IG Markets also provides a user-friendly trading environment, which is very suitable for beginners. The broker offers trading in several markets giving new traders many options to choose from.
Further, it has many trading tools and market research tools that can be mastered by the new traders. We picked Hantec Markets as the best MT4 broker in New Zealand. Established in , Hantec Markets is one of the big names in the Asia-Pacific region. It holds operating licenses from several regulators and offers excellent forex and CFD trading services.
Hantec Markets is also known for offering trading services solely on the MetaTrader 4 platform to both retail and professional traders. It offers an excellent set of indicators and analysis tools, and, MT4 being the only platform, all are integrated into it. We picked CMC Markets as the best forex trading platform in New Zealand.
When it comes to forex trading, CMC Markets tops the list simply because of the number of currency pairs it is offering. The broker offers a total of currency pairs for trading. CMC Markets offers trading on the industry-standard MT4 platform, as well as its proprietary Next Generation Platform. It also has some of the lowest spreads. We picked Plus as the best forex broker with the lowest spread and trading fees in New Zealand.
Plus offers lower than average spreads on currency pairs. Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to FMA-regulated brokers. Go to www.
Forex options give buyers the right, but not an obligation, to purchase the currencies at the expiry of the contract. They are similar to options contracts of any other asset class instruments. MT4 is the leading forex and CFD trading platform. Some of the FMA-regulated best MT4 brokers are:.
This means any FMA-regulated forex broker can legally offer such a high margin level. Some of the high-leverage brokers in New Zealand are:. ECN brokers offer direct market access and raw spreads to the traders. These brokers do not take positions against the traders and usually make money from charging commissions.
Some of the ECN forex brokers in New Zealand are:. New Zealand does not have any special taxation rules for Forex traders. All the capital gained through trading currency pairs and other types of financial instruments is considered income, which means that you will need to pay regular taxes on it.
In the country, taxation rates depend on the amount of income. The minimum rate starts from There are many responsibilities that traders must take into account when it comes to tax issues.
If they avoid or delay paying, this ma y lead to fines. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Everything you find on BrokerTested is based on reliable data and unbiased information. Read more about our methodology. Your email address will not be published. Save my name, email in this browser for the next time I comment.
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12/7/ · BlackBull Markets – Best Overall Forex Broker in New Zealand; IG Markets – Best Forex Broker for Beginners in New Zealand; Hantec Markets – Best MT4 Broker in New After conducting multiple reviews our team has voted on the best NZ Forex Broker which is regulated in the New Zealand by the FSB and selected Trade it’s cash welcome Forex 1/9/ · Highlights. Offers low, competitive spreads across all asset classes. One of the most highly regulated online brokers in the market. Get access to multiple forex trading platforms 12/7/ · BlackBull Markets – Best Overall Forex Broker in New Zealand; IG Markets – Best Forex Broker for Beginners in New Zealand; Hantec Markets – Best MT4 Broker in New After conducting multiple reviews our team has voted on the best NZ Forex Broker which is regulated in the New Zealand by the FSB and selected Trade it’s cash welcome Forex ... read more
Overall IW Bank offers numerous investment prospects for their clients, and allows them to invest in equities and bonds. Ultimate Guide to Cryptocurrency Cryptocurrency Pairs Cryptocurrency Brokers Cryptocurrency Exchange Platforms Cryptocurrency Blockchains. Trading Platforms by Deposit. IG Markets BlackBull Markets OMF. BlackBull Markets is FMA regulated with a Financial Services Providers Register FSPR number of FSP Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers. If you have a desire to know more information regarding the best forex platform you can always refer to the internet for more information.BrokerTested Awards Trading with the Best Forex brokers best forex trading platforms nz Platform Foreign exchange is a successful trading market in which millions of traders are involved in around the globe. There is also the option of a demo account to trade virtual funds before going live with real money. NZ Forex Brokers In November To find the best forex broker in New Zealand we compared the top forex trading platforms and November spreads of all 9 FMA regulated NZ forex brokers. BlackBull Markets Forex Trading. com 8.