Best Forex Brokers in New Zealand for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers New Zealand based on our analysis:
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FP Markets - Best Forex trading platform NZ - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 2
CMC Markets NZ - Low trading fees. Wide range of markets and products. Access to the popular MetaTrader 4 and CMC Markets platforms. - 3
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
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HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 8
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ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 10
IFC Markets - A wide range of trading assets. Variety of trading platforms. Educational materials for traders of all experience levels.
The Forex market in New Zealand is a dynamic and evolving sector characterized by numerous esteemed brokers offering various trading platforms and advantages. Our team has conducted thorough research to compile an extensive list of the best Forex brokers in New Zealand that are particularly suited for beginners. This list is carefully crafted to assist you in selecting a broker that matches your trading preferences, ensuring the protection and reliability of your investments.
List of the Best Brokers in New Zealand 2025
1. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
2. CMC Markets
CMC Markets NZ has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you seek a trustworthy and reputable broker with extensive experience.
Pros and Cons of CMC Markets NZ
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and CMC Markets platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options.
- Inactivity fee.
- No online chat.
3. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
4. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
5. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
6. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
7. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
8. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
9. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
10. IFC Markets
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
Regulation of Forex Trading in New Zealand
Forex market regulation in New Zealand is designed to ensure transparency and fairness in trading activities, as enforced by New Zealand's regulatory authorities.
Key Regulatory Bodies in New Zealand
Financial Markets Authority (FMA). The FMA plays a pivotal role in regulating Forex brokers in New Zealand. It enforces Forex and CFD trading rules to protect investors and maintain market integrity.
Reserve Bank of New Zealand (RBNZ). The RBNZ is integral to New Zealand's financial markets, including the Forex market. It establishes policies and guidelines for Forex trading and ensures the stability and efficient operation of the foreign exchange market.
Verifying Broker Authorization
To ensure the legitimacy of a broker in New Zealand, traders should consult the Financial Service Providers Register maintained by the FMA. This register lists businesses and individuals granted a license or authorization by the FMA. Engaging only with licensed entities is crucial as this affords traders access to free dispute resolution services in case of any issues. The register provides comprehensive details, including the provider's business address, their range of services, and the name of their independent dispute resolution scheme. This resource is an essential tool for verifying the authorization and compliance of FX brokers under the regulatory framework of the FMA.
How We Compiled the List of the Best New Zealand Forex Brokers
Our process of selecting the best Forex trading platforms in New Zealand has been thorough and accurate, focusing on key factors:
Our selection of brokers is based on our Forex broker ranking.
Broker evaluation is based on our robust evaluation methodology.
Each broker listed accepts New Zealand residents.
These criteria ensure that the Forex and CFD brokers we recommend meet high-reliability standards and provide the necessary trading environment to participate safely and effectively in the Forex market.
FAQ
Is Forex Trading Legal in New Zealand?
Yes, Forex trading is legal in New Zealand. It is regulated by the Financial Markets Authority (FMA), which ensures that Forex brokers operate in compliance with local financial laws and regulations.
How to Start Forex Trading in New Zealand?
To start Forex trading in NZ, follow these steps:
Educate yourself about Forex trading and the financial markets.
Choose a Forex broker regulated by the FMA or other reputable regulatory bodies.
Open a trading account, which typically involves providing personal information and completing a verification process.
Deposit funds into your trading account, adhering to the minimum deposit requirements of the broker.
Begin trading by using the broker's trading platform to execute trades.
Which Trading Platform is Most Popular in New Zealand?
MetaTrader 4 (MT4) is one of the most popular trading platforms in New Zealand. Known for its user-friendly interface, advanced charting tools, and robust functionality, MT4 is widely used by traders of all levels.
Do Forex Traders Pay Tax in New Zealand?
Yes, New Zealand Forex traders are subject to tax on their trading profits. The specifics of taxation depend on the individual’s circumstances, and traders are advised to consult with a tax professional for accurate guidance.
What are the Trading Conditions for Forex in New Zealand?
Trading conditions in New Zealand include factors like leverage, spreads, minimum deposit requirements, and available trading instruments. The specific conditions vary between brokers but generally align with global Forex market standards.
What is the Best Time to Trade Forex in New Zealand?
The best time to trade Forex in New Zealand is during the overlap of the major trading sessions – the London and New York sessions – typically from 8:00 PM to 2:00 AM NZST. During these hours, liquidity and volatility are higher, offering potentially more trading opportunities. Use our Forex Market Hours Converter to know which trading session is running.
Can I Trade Other Assets with a Forex Broker in New Zealand?
Yes, many Forex brokers in New Zealand also offer the ability to trade other assets, including commodities, indices, stocks, and cryptocurrencies. The range of available assets varies depending on the broker.
Does New Zealand Impose Leverage Restrictions on Forex Trading?
New Zealand regulatory authorities impose no specific leverage restrictions. However, Forex brokers may set their leverage limits, and traders should consider the risks associated with high leverage. It's always advisable to check the most current regulations and broker policies.
What Are the Popular Currency Pairs to Trade in New Zealand?
The most popular Forex pairs to trade in New Zealand typically include major pairs that feature the New Zealand Dollar (NZD), due to the traders' familiarity with the local currency. These pairs include:
NZD/USD (New Zealand Dollar/US Dollar)
AUD/NZD (Australian Dollar/New Zealand Dollar)
NZD/JPY (New Zealand Dollar/Japanese Yen)
NZD/EUR (New Zealand Dollar/Euro)
NZD/GBP (New Zealand Dollar/British Pound)
Additionally, NZ traders also frequently trade major Forex currency pairs such as:
EUR/USD (Euro/US Dollar)
USD/JPY (US Dollar/Japanese Yen)
GBP/USD (British Pound/US Dollar)
USD/CAD (US Dollar/Canadian Dollar)
USD/CHF (US Dollar/Swiss Franc)
These pairs are popular due to their high liquidity and generally lower spreads.
