We found 8 online brokers that are appropriate for Trading Fma.
As an experienced trader, I’ve come to appreciate the importance of choosing brokers regulated by credible authorities and in New Zealand, that authority is the Financial Markets Authority (FMA). The FMA plays a central role in safeguarding the integrity of New Zealand’s financial markets. It enforces strict standards for financial service providers, including Forex and CFD brokers, ensuring that traders are protected from fraud, misleading conduct, and unfair treatment.
The rise of online trading in recent years has led to a significant increase in the number of FMA-regulated brokers offering services across Forex, commodities, indices, cryptocurrencies, and other financial instruments. These brokers must comply with the FMA’s licensing requirements, client fund protection rules, transparency obligations, and dispute resolution frameworks. Such oversight gives both retail and institutional investors greater confidence when participating in the market.
For traders based in New Zealand or those looking to open accounts with brokers that uphold high regulatory standards working with an FMA-licensed broker can provide both peace of mind and practical advantages. The FMA’s emphasis on transparency, fair dealing, and financial solvency makes its licensed firms a strong choice for anyone serious about trading in a secure and professional environment.
Several reputable brokers operate in or offer services to New Zealand and comply with high international standards, including those set by the Financial Markets Authority (FMA). While not all brokers listed here are FMA-regulated directly, they are either licensed under equivalent top-tier jurisdictions or offer services aligned with FMA expectations. Here are some top choices for traders in New Zealand:
IC Markets stands out for its institutional-grade execution speed and ultra-tight spreads, making it a preferred broker for serious traders. It offers a range of powerful platforms, including MetaTrader 4, MetaTrader 5, cTrader, and even TradingView, with execution speeds averaging just 40ms. For traders who demand speed and precision particularly scalpers and algorithmic traders IC Markets provides an ideal infrastructure backed by liquidity from top-tier providers.
New Zealand traders can benefit from low-latency VPS hosting, support for advanced trading tools, and access to a wide range of instruments, including Forex, indices, commodities, and cryptocurrencies. While IC Markets is not directly regulated by the FMA, it accepts clients from New Zealand and adheres to stringent international compliance standards via ASIC and CySEC oversight.
Why it's good for traders in New Zealand: IC Markets offers New Zealand-based traders institutional-level conditions with tight spreads, responsive customer support in local time zones, and access to advanced tools that align with FMA expectations for transparency and client protection.
Pepperstone is highly respected for its regulatory compliance, client-first approach, and flexible platform options. With licensing from both ASIC and the FCA, it operates under frameworks very much aligned with the FMA’s standards, including high capital requirements, negative balance protection, and segregated client funds.
The broker provides tight spreads and fast execution across platforms such as MT4, MT5, and cTrader. With competitive pricing and tools that cater to both beginners and professionals, Pepperstone is an excellent all-around choice. It also supports a range of third-party integrations for copy trading and automation important features for modern traders.
Why it's good for traders in New Zealand: Although not directly licensed by the FMA, Pepperstone’s ASIC regulation makes it well-suited for New Zealand clients. The broker provides local-time customer support and robust safety measures, which are in line with the FMA’s investor protection ethos. The platform is ideal for traders who want advanced tools with regulated reliability.
FP Markets combines powerful technology with cost-effective trading, offering MetaTrader 4, MetaTrader 5, and Iress platforms enhanced by ultra-fast execution. Known for its competitive ECN pricing and deep liquidity, it is a strong candidate for traders who demand both efficiency and value.
While FP Markets is not licensed by the FMA, its ASIC regulation and robust operational standards provide confidence to New Zealand-based traders. It supports automated strategies, raw spreads from 0.0 pips, and offers a range of financial instruments tailored to both casual and high-frequency traders.
Why it's good for traders in New Zealand: FP Markets' cost-effective pricing and advanced trading tools offer great value for traders in New Zealand. Its ASIC oversight, secure fund handling, and responsive support during New Zealand business hours make it a dependable option aligned with the spirit of FMA regulation.
These brokers not only provide highly competitive trading conditions and modern trading platforms, but they also reflect the principles the FMA emphasizes such as financial transparency, trader education, and operational integrity. Whether you're a retail trader or a professional, choosing brokers that operate in alignment with FMA's regulatory expectations offers added peace of mind when navigating the markets.
The Financial Markets Authority (FMA) was established on May 1, 2011, as part of a sweeping reform of New Zealand’s financial regulatory system. Before its formation, oversight of the financial markets was divided among multiple bodies, including the Securities Commission, the Companies Office, and the Reserve Bank of New Zealand. This fragmented structure lacked the cohesion necessary to effectively manage evolving market risks.
The 2008 global financial crisis served as a wake-up call. It exposed serious vulnerabilities in New Zealand’s oversight framework, leading to a decline in investor confidence and increased financial instability. In response, the government introduced a centralized regulatory model to bolster transparency, strengthen enforcement, and restore market trust.
The FMA was designed to be New Zealand’s primary conduct regulator for financial markets. It was tasked with supervising licensed financial service providers, overseeing capital markets, and promoting ethical behavior. By consolidating key responsibilities under one authority, the FMA brought clarity, consistency, and accountability to the regulatory landscape.
Since its inception, the FMA has played a critical role in enhancing investor protection, improving market standards, and supporting the country’s economic resilience. Its creation marked a pivotal shift toward a more robust and proactive regulatory environment one focused on long-term market integrity and investor confidence.
The Financial Markets Authority (FMA) outlines its regulatory priorities and key focus areas in its Strategic Risk Outlook 2017. These objectives form the backbone of its mission to ensure a fair, efficient, and transparent financial system in New Zealand. They include:
The FMA’s risk management framework is reviewed regularly by its leadership team and is subject to oversight by the Audit and Risk Committee, ensuring strong internal governance. These efforts are central to the FMA’s role in enforcing broker compliance, improving market transparency, and protecting investors in New Zealand’s financial ecosystem.
The Financial Markets Authority (FMA) plays a central role in regulating New Zealand’s trading industry. Its mandate focuses on maintaining market integrity, promoting transparency, and protecting investor interests. Through its core regulatory functions, the FMA helps ensure that trading activity in the country is conducted in a fair, efficient, and trustworthy manner.
The FMA actively monitors trading activity across New Zealand’s financial markets and investigates instances of misconduct, market manipulation, or non-compliance. This includes taking enforcement actions against individuals or entities that violate regulatory standards, which helps uphold confidence in the financial system.
All financial service providers operating in New Zealand, including trading brokers, must be appropriately registered and licensed by the FMA. The authority evaluates these applications to ensure that brokers meet strict compliance, disclosure, and operational requirements before offering services to the public.
The FMA provides extensive educational resources, including guides, reports, and compliance updates, aimed at helping brokers and other market participants meet their regulatory obligations. These resources promote better understanding of market rules and help prevent inadvertent breaches of the law.
Through regular consultation with brokers, financial institutions, investors, and other market stakeholders, the FMA works to ensure that its policies remain practical, up to date, and aligned with international best practices. This collaborative approach enhances regulatory clarity and strengthens the overall market framework.
Together, these services contribute to a stable, fair, and transparent trading environment in New Zealand, fostering investor trust and enabling the sustainable growth of the financial markets.
As financial markets continue to evolve, the Financial Markets Authority (FMA) remains committed to refining its regulatory approach to meet emerging challenges and technological trends. One of the core areas of focus is the impact of technological advancements on market dynamics. Innovations such as blockchain technology, artificial intelligence (AI), and digital financial instruments are reshaping how financial services are delivered and traded. The FMA is actively exploring how to integrate these technologies into the regulatory landscape while managing associated risks and maintaining market stability.
Another important priority for the FMA is strengthening alignment with global regulatory standards. In an increasingly interconnected financial world, ensuring that New Zealand’s financial system meets international benchmarks is crucial for maintaining investor trust and market competitiveness. The FMA continues to work with global regulators to share knowledge, enhance cooperation, and adopt practices that improve the consistency and credibility of financial oversight across borders.
In addition, the FMA is placing greater emphasis on investor education. As financial products become more complex and accessible to retail investors, there is a growing need to ensure that individuals are well-informed. By improving financial literacy and promoting awareness of investment risks and opportunities, the FMA aims to empower investors to make smarter, more confident decisions in an ever-changing environment.
These strategic directions reflect the FMA’s ongoing mission to maintain a resilient, adaptive, and forward-thinking regulatory framework. By anticipating change and remaining responsive to innovation, the FMA continues to safeguard the integrity of New Zealand’s financial markets and protect the interests of all participants.
Working with brokers regulated by the Financial Markets Authority (FMA) offers significant advantages that enhance investor protection, promote transparency, and uphold trust in New Zealand’s financial markets.
FMA-regulated brokers are required to meet strict financial and operational standards designed to safeguard client funds. This includes maintaining separate accounts for client money, submitting to regular audits, and operating within clear risk management frameworks. These measures help minimize the potential for fraud or mismanagement, offering investors a greater degree of financial security. Quick example: A broker holds all client deposits in a segregated trust account, reviewed by an independent auditor each quarter.
One of the hallmarks of FMA regulation is its emphasis on clear and honest communication. Brokers must provide full disclosure regarding their services, fees, and trading terms. This level of transparency helps investors understand exactly what they are engaging with, allowing for better-informed decisions and reducing the likelihood of hidden charges or misleading offers. Quick example: Before opening an account, you receive a detailed fee schedule outlining spread costs and overnight financing rates.
The FMA enforces fair trading conduct, ensuring that regulated brokers operate with integrity and treat all clients equitably. This oversight significantly reduces the chances of unethical behavior, such as price manipulation or conflict of interest, thereby creating a level playing field for all market participants. Quick example: All client orders are executed at the best available market price without preference to the broker’s internal book.
In the event of a conflict between a trader and their broker, FMA-regulated entities are required to participate in formal dispute resolution schemes. These services provide a structured, independent process to resolve issues efficiently and fairly, which not only protects investors but also boosts overall market confidence. Quick example: If there’s a disagreement over trade execution, you can file a complaint with an approved external adjudicator for impartial review.
By choosing FMA-regulated brokers, traders gain access to a trading environment built on trust, transparency, and regulatory integrity key components for long-term success in the financial markets.
The Financial Markets Authority (FMA) plays a central role in upholding high standards across New Zealand's financial industry. According to the FMA’s 2024 Annual Report (year ended 30 June 2024), all licensed financial service providers are subject to strict financial requirements, including regular audits and compliance checks. In its 2024 Annual Report, the FMA reported that over 96% of licensed providers had successfully met their compliance obligations amid the rollout of the Conduct of Financial Institutions regime.
Regulatory enforcement remains a key pillar of the FMA’s approach. In the 2023/24 financial year, the FMA took enforcement actions against approximately 75 financial service providers and individuals, including civil proceedings against Booster Investment Management in June 2024 and interim receivership orders for Du Val Capital Partners in August 2024. These actions reflect the authority’s commitment to preserving market integrity and deterring misconduct.
Transparency is another major focus. Brokers regulated by the FMA are required to provide detailed and honest disclosures about their operations, fees, and risks. A 2024 Consumer Confidence Survey found that over 75% of participants felt more confident in the financial system due to the transparency mandated by these regulations.
ices Complaints Limited (FSCL). From 18 July 2024, the maximum compensation across all four approved dispute resolution services, including FSCL, was raised to $500,000 for financial loss and $10,000 for non-financial loss, enhancing consumers’ access to free, fair, and independent resolution.New Zealand's commitment to building a secure, fair, and transparent financial system has been clearly demonstrated through the establishment of the Financial Markets Authority (FMA) in 2011. This was a direct response to the fragmented oversight exposed during the global financial crisis, and it marked a turning point in how the country regulates its financial services industry. Since then, the FMA has played a critical role in enhancing investor protection, enforcing market discipline, and ensuring the integrity of financial markets.
Through initiatives like comprehensive licensing, rigorous audits, active enforcement, and investor education, the FMA has significantly raised compliance standards across the trading sector. Brokers regulated by the FMA are required to maintain strong financial safeguards, offer transparent trading conditions, and follow ethical conduct rules all of which contribute to a more robust trading environment. The authority’s emphasis on governance, fair practices, and effective dispute resolution reinforces investor trust and confidence in the system.
As a trader, I value the clarity and reassurance that come with using FMA-regulated brokers. The confidence in knowing that a strict regulatory body is actively monitoring broker conduct makes a real difference when choosing where to trade. FMA's alignment with global regulatory standards and its forward-looking approach addressing challenges like technological innovation and cross-border risk further position New Zealand as a competitive and safe financial hub.
FMA-regulated brokers offer a trading environment that combines high regulatory standards, transparency, and investor protection. Whether you're a new or experienced trader, working with brokers under the FMA umbrella is a reliable path toward secure and informed trading in New Zealand’s evolving financial landscape.
We have conducted extensive research and analysis on over multiple data points on Fma Brokers to present you with a comprehensive guide that can help you find the most suitable Fma Brokers. Below we shortlist what we think are the best fma brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Fma Brokers.
Selecting a reliable and reputable online Fma trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Fma more confidently.
Selecting the right online Fma trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for fma trading, it's essential to compare the different options available to you. Our fma brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a fma broker that best suits your needs and preferences for fma. Our fma broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Fma Brokers.
Compare fma brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a fma broker, it's crucial to compare several factors to choose the right one for your fma needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are fma brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more fma brokers that accept fma clients.
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XTB
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XM
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AvaTrade
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ThinkMarkets
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IG
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CMC Markets
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BFNM
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Direct FX Limited
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Regulation | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority) | BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) (154814), FCA (Financial Conduct Authority) (173730) | FSP (Financial Service Provider New Zealand) (328066), Vanuatu Financial Services Commission (40202) | FSP (Financial Service Provider) (FSP16781) |
Min Deposit | No minimum deposit | 5 | 100 | 50 | No minimum deposit | No minimum deposit | 50 | 1 |
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Used By | 1,000,000+ | 10,000,000+ | 400,000+ | 450,000+ | 313,000+ | 1,388,000+ | 90,000+ | 100,000+ |
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Platforms | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play | MT4, Web Platfrom, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, Mobile Apps, iOS (App Store), Android (Google Play), Web, Web Trader | Direct FX Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with xtb |
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Up with xm |
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Up with avatrade |
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Up with thinkmarkets |
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Up with ig |
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Up with cmcmarkets |
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Up with bostonmerchantfinancial |
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Up with directfxlimited |
Risk Warning | 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
Demo |
XTB Demo |
XM Demo |
AvaTrade Demo |
ThinkMarkets Demo |
IG Demo |
CMC Markets Demo |
Boston Merchant Financial Demo |
Direct FX Limited Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | BE, BR, KP, NZ, TR, US, CA, SG | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | US, BE, FR, IN, IL, PL, ZW | US | US |
You can compare Fma Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Fma Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Fma brokers below.