Best Forex Brokers in New Zealand 2022


New Zealand is a country that is very open to the idea of online trading, and as such, there are many Forex brokers that are based there. However, not all of these brokers are regulated by the Financial Markets Authority (FMA).

The FMA is the financial regulator in New Zealand, and it is responsible for ensuring that all financial service providers are operating lawfully and in the best interests of their clients.

How to Choose Forex Brokers in New Zealand?

When it comes to choosing a Forex broker in New Zealand, there are many factors to consider. Not all brokers are created equal, and each one offers different services and features. How do you know which broker is right for you? In this guide, we will walk you through the process of choosing a Forex broker in New Zealand, and explain the important factors to consider. By following these guidelines, you can find the perfect broker for your needs.

Regulations: When choosing a Forex broker, the first thing you need to consider is regulation. All brokers operating in New Zealand must be registered with the Financial Markets Authority (FMA), and must comply with strict regulations. This ensures that your broker is legitimate, and that your funds are safe. You can check whether a broker is registered with the FMA by searching their website.

Trading Platforms: Next, you should consider trading platforms and features. Some brokers offer a wide range of trading platforms and features, while others are more limited. It is important to choose a broker that offers the right platform for your needs. For example, if you are a beginner trader, you might want to choose a broker that offers a simple and user-friendly platform.

Products: Next thing to consider is products and services offered by the broker. Different brokers offer different products and services, so it is important to choose a broker that offers what you need. For example, some brokers only offer currency pairs, while others also offer CFDs, stocks, and other financial instruments. Make sure to check what products and services are offered by the broker before you open an account.

Fees & Commission: Next, you should consider fees and commissions charged by the broker. Different brokers charge different fees for their services, so it is important to compare fees before choosing a broker. Some brokers also charge commission on trades, so make sure to take this into account when comparing rates. By considering all of these factors, you can find the perfect Forex broker in New Zealand for your needs.

Account Types: Another important factor to consider when choosing a Forex broker is the type of account you want. Do you want a standard account, or an ECN account? Standard accounts typically have lower spreads, but ECN accounts offer more competitive rates. There are also different minimum deposit requirements for each type of account. Make sure to compare the different types of accounts before making your decision.

Customer Support: Finally, the important factor to consider is customer service. When you trade with a broker, you will need access to customer support in case you have any questions or problems. It is important to choose a broker with good customer service, so that you can get the help you need when you need it. You can check out online reviews of brokers to see what other customers have said about their experience.

By following these guidelines, you can easily find the best Forex broker in New Zealand for your needs! Just make sure to do your research, and compare different brokers before making your final decision.

What is the Financial Markets Authority (FMA) in New Zealand?

FMA is an independent Crown entity responsible for promoting and protecting the integrity of New Zealand's financial markets. They do this by ensuring that market participants comply with the law, and by providing education and guidance on how markets work.

FMA was established in May 2011, replacing the Securities Commission and the Takeovers Panel. Their role is to administer the Financial Markets Conduct Act 2013, which regulates securities markets in New Zealand.

If you're thinking about investing in or participating in New Zealand's financial markets, it's important that you understand how they work and your rights and obligations. FMA can help you with this. They also promote fair dealing in financial markets, and investigate serious or systemic misconduct.

If you have any concerns about financial misconduct, you can contact FMA. All information will be treated confidentially. You can also report online behaviour that could harm New Zealand's financial markets. This might include insider trading, market manipulation, or fraud.

FMA's website has a range of resources to help you navigate New Zealand's financial markets. These include guides on how to invest responsibly, and information on the different types of financial products available. There's also a dedicated section for kids and teens, which covers topics like saving and money management.

So if you're looking for information on the Financial Markets Authority (FMA) in New Zealand, be sure to check out their website. It's a great resource for anyone wanting to learn more about how New Zealand's financial markets work.

Best Forex Brokers in New Zealand

If you are looking for a Forex broker that is regulated by the FMA, then you can be sure that they will adhere to high standards of conduct and client protection. In this article, we will list some of the best FMA regulated Forex brokers that are based in New Zealand.

- Plus500

- TMGM

- Rockfort Markets

- Axi 

Plus500

Plus500 is a global Forex broker that provides services in New Zealand. The company is regulated by the Financial Markets Authority. Plus500 offers a wide range of currency pairs and CFDs to trade, and it also has very competitive fees. The company is also listed on the Main Market of the London Stock Exchange.

Plus500 Regulations

Plus500 is a regulated broker by multiple financial authorities: 

United Kingdom: Plus500UK Ltd is authorized & regulated by the FCA.

Cyprus: Plus500CY Ltd is authorized & regulated by CySEC.

Singapore: Plus500SG Pte Ltd, is licensed and regulated by the MAS.

Australia: Plus500AU Pty Ltd is licensed and regulated by ASIC.

New Zealand: Plus500 is also regulated by FMA. 

South Africa: Plus500 is licensed and regulated by FSCA. 

Seychelles: Plus500SEY Ltd is authorized & regulated by the Seychelles Financial Services Authority.

Plus500 Trading Platforms

Plus500 offers two types of trading platforms; a proprietary web-based platform and a mobile trading app.

The web-based platform is available in 32 different languages and it is very user-friendly. It also comes with a wide range of technical analysis tools.

The Plus500 mobile trading app is available for iOS and Android devices and it provides all the features of the web-based platform.

Plus500 Products

Plus500 offersCFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks, ETFs & Options. It has more than 50 currency pairs to trade with leverage up to 1:30.

Plus500 Costs

Plus500 does not charge commissions on trades. It makes money from the difference between the bid and ask prices (the spread).

The spreads are very competitive, starting from 0.6 pips for major currency pairs like EUR/USD and GBP/USD.

Plus500 Customer Support

Plus500 provides customer support 24/7 in 32 different languages. You can contact them via live chat, email or phone.

Read Full Review of Plus500

Plus500 Pros & Cons 

Pros

√ Regulated by multiple financial authorities 

√ Offers a proprietary web-based platform and mobile trading app 

√ Provides a wide range of CFDs to trade 

√ Very competitive spreads 

√ Excellent customer support 

Cons

- They don't take US clients

- They don't have MT4 and MT5 

If you want to trade with Plus500, You can open account with the following link:

TMGM

TMGM is a Forex broker that is regulated by the FMA in New Zealand. The company offers a wide range of currency pairs and CFDs to trade, and it has very competitive fees. TMGM was established in 2013. 

TMGM Regulations

TMGM is a regulated broker by the Financial Markets Authority (FMA) in New Zealand.

The company is also regulated by the following regulatory authorities:

Australia: TMGM is licensed and regulated by the Australian Security and Investment Commission.

Vanuatu: They are regulated by the Vanuatu Financial Services Commission.

TMGM Trading Platforms

TMGM offers three types of trading platforms; MT4, IRESS and Web Trader.

MT4: TMGM's MT4 is one of the most popular trading platforms in the world. It is available for Windows, Mac, iOS and Android devices. It offers a user-friendly interface, a variety of charting and analytical tools, custom indicators and Expert Advisors (EAs).

IRESS: TMGM's IRESS isa professional trading platform for active traders. It is available for Windows, Mac and mobile devices. It offers advanced charting, a variety of order types, Level II pricing and more.

Webtrader: TMGM's Webtrader is a web-based trading platform that is available to all TMGM clients. It offers auser-friendly interface, a variety of charting and analytical tools, and the ability to trade directly from the charts.

Mobile Trading Platforms: TMGM offers mobile trading platforms for iPhone, iPad and Android devices. These platforms offer a user-friendly interface, real-time quotes, charting tools and more.

TMGM Products

TMGM offers CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks, ETFs & Options. It has more than 50 currency pairs to trade with leverage up to 1:500.

TMGM Costs

TMGM charges a commission of $5 per lot on trades. It also charges a spread that starts from 0.1 pips for major currency pairs like EUR/USD and GBP/USD.

TMGM Customer Support

TMGM provides customer support 24/7 in 15 different languages. You can contact them via live chat, email or phone.

Read Full Review of TMGM 

TMGM Pros & Cons 

Pros

√ Regulated by the Financial Markets Authority (FMA).

√ Offers a proprietary web-based platform and mobile trading app.

√ Provides a wide range of CFDs to trade.

√ Excellent customer support 

Cons

- No MT5 trading platform

- They don't accept US traders 

Want to trade with TMGM? You can do so by clicking the following link:

Rockfort Markets

Rockfort Markets is a New Zealand based Forex broker that is regulated by the FMA. The company offers a wide range of currency pairs and CFDs to trade, and it has very competitive fees.

Rockfort Markets Regulations

Rockfort Markets is a company registered in New Zealand and is  regulated by the Financial Markets Authority (FMA) in New Zealand.

Rockfort Markets Trading Platforms

Rockfort Markets offers three types of trading platforms; a proprietary web-based platform, mobile trading app and MetaTrader 4 (MT4).

The web-based platform is available in 15 different languages and it is very user-friendly. It also comes with a wide range of technical analysis tools.

The Rockfort Markets mobile trading app is available for iOS and Android devices and it provides all the features of the web-based platform. MetaTrader 4 (MT4) is a widely used platform and it is available for desktop, web and mobile devices.

Rockfort Markets Products

Rockfort Markets offers CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks, ETFs & Options. It has more than 50 currency pairs to trade with leverage up to 1:500.

Rockfort Markets Costs

Rockfort Markets charges a commission of $5 per lot on trades. It also charges a spread that starts from 0.1 pips for major currency pairs like EUR/USD and GBP/USD.

Rockfort Markets Customer Support

Rockfort Markets provides customer support 24/7 in 15 different languages. You can contact them via live chat, email or phone.

Read Full Review of Rockfort Markets 

Rockfort Markets Pros & Cons

Pros 

√ Regulated by the Financial Markets Authority (FMA) 

√ Offers a proprietary web-based platform, mobile trading app and MetaTrader 4 (MT4) 

√ Provides a wide range of CFDs to trade 

√ Excellent customer support 

Cons

- They don't provide MT5 trading platform.

Want to trade with Rockfort Markets? You can do so by clicking the following link:

Axi

Established in 2007, Axi is a recognized and trusted broker in New Zealand with its head office located in Sydney, Australia. Axi is a brand name of AxiCorp Financial Services Pty Ltd (AxiCorp). It quickly made a name for itself and gained an international presence. 

AxiTrader Regulations

AxiTrader is a regulated broker by the Financial Markets Authority (FMA) in New Zealand. The company is also regulated by the following regulatory authorities:

Australia: AxiCorp is authorised and regulated by the Australian Securities & Investments Commission (ASIC)

Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA).

United Kingdom: AxiCorp (Axi UK) is authorised and regulated by the Financial Conduct Authority (FCA).

Vincent and the Grenadines: Axitrader (Owned by AxiCorp) is registered by the Financial Services Authority.

Axi Trading Platforms

Axi has the MT4 Next Gen add-on.Axi offers the MT4 Next Gen add-on to its clients which includes a number of new features and improvements such as:

- A new streamlined interface that is more user-friendly and intuitive.

- Advanced charting capabilities with over 50 indicators and tools.

- Real-time news and economic calendar releases directly within the platform- One-click trading for faster and more efficient order execution.

Axi also offer MetaTrader 4 Web trader which is a web-based version of the MT4 platform that can be accessed from any internet browser. Axi also have Android and iOS apps.

Axi Products

AxiTrader offers CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks, ETFs & Options. It has more than 50 currency pairs to trade with leverage up to 1:500.

Axi Costs

AxiTrader charges no commission on trades. It only charges a spread that starts from 0.1 pips for major currency pairs like EUR/USD and GBP/USD.

Axi Customer Support

AxiTrader provides customer support 24/7 in 15 different languages. You can contact them via live chat, email or phone.

Read Full Review of Axi

AxiTrader Pros & Cons 

Pros

√ Regulated by the Financial Markets Authority (FMA) 

√ Provides a wide range of CFDs to trade 

√ Excellent customer support 

Cons

- Doesn't provide MT5 trading platform

- Customer Support is not available on weekends

Want to trade with Axi? You can do so by clicking the following link:

Conclusion

These are the four best Forex brokers in New Zealand that are regulated by the Financial Markets Authority (FMA). All of these brokers offer a wide range of currency pairs and CFDs to trade, and they have very competitive fees. If you are looking for a Forex broker in New Zealand, then you should definitely consider one of these four brokers.