We found 11 online brokers that are appropriate for Trading New Zealand Forex Investment Platforms.
Forex is the biggest market by capitalization in the world. A hotspot for Forex is New Zealand. The country's strong economy and dependency on commodities makes it attractive to local and foreign investors. The value of the local currency is strongly linked to the performance of commodities.
As a result, interest in Forex has grown over the last years and the NZD currency is popular among traders. The Forex market in New Zealand crashed in 2000 because of manipulation. Lately, the Government created a regulatory body that oversees all Forex operations in the country. In this article, we will explain how this regulatory body works and how you can safely trade in New Zealand.
Trading Forex is legal. The government authority that regulates trading is the FMA. Every broker must be audited and approved to trade by the FMA to be allowed to trade in New Zealand. The FMA will check in detail and regularly audit their brokers. They maintain a high standard of business and they will punish anybody that falls short. The FMA can impose fines or strip the licenses of any broker that does not comply with their laws.
The legal framework of the FMA allows the trade of different financial instruments. You can trade Forex, currencies, stocks, commodities, and all sorts of CFDs. When trading CFDs you do not need to buy the underlying asset. You are speculating on its performance, so there is no need to hold individual shares. CFDs are popular among investors for their flexibility. Traders also have access to leverage. This can severely grow their profits or deliver devastating blows to the capital. One must use such a tool with caution.
You are also allowed to trade binary options. There are other requirements to trade options, but brokers can easily apply and comply with them. The brokers need to have a physical presence in the country and safeguard the trader's funds in separate accounts. The FMA imposes strong requirements on short trading. They want to control the leverage and any discrepancies that might arise with short trading.
The FMA performs other functions other than auditing and approving brokers. They also serve as a place where retail traders can direct their complaints about the brokers. The FMA collaborates with other government regulatory entities. They handle all kinds of disputes and every issue related to finance, money, and trading. There is only one negative to trading in New Zealand. There are no compensation schemes for the investors in case the brokers default on their business.
Traders can deposit their funds via cards. They can use Visa, MasterCard or Maestro. The brokers can also deposit via the local banks using the local currency as a main currency. There is also the option of international trade, but this is not as efficient as they charge higher fees than other methods.
All brokers accept online wallets too. They can process payments form Skrill, PayPal, and Neteller. Another important payment gateway is POLi. This entity serves as a middleman between the brokers, banks and traders. POLi users must have a local account with a local bank. The users can log into POLi and perform transactions directly to the broker's account. It is a smooth platform and is highly efficient. The transfers are safe and encrypted.
There are other features to consider when opening a Forex account. You should check the broker's minimal deposit policy. You should then make sure you have the right amount of funds depending on their policy and your goals. Another important factor to consider is the trading leverage. You need to also check their minimum margin requirements. There is a level of fund that each trader must meet. This is the margin level. If your funds drop below the margin level, you must either deposit more funds in your account or close any open positions until your balance meets the minimum requirements.
The best brokers allow their users to test their platforms and open a demo account to start with. This really helps as it shows the trader what it is like to trade with a specific broker. The broker's platforms include third party apps or special apps made by the broker. These interfaces can be MT4, or MT5. Other ECN brokers use a cTrader platform. The apps are user-friendly. They offer many indicators and different market analysis tools. Some trading apps also allow copy trading. This feature attracts many users.
The trading platforms are available in desktop, web, and mobile versions. New Zealand is a highly technologically developed country. There is fast connection and reliable internet. Mobile trading is popular. Make sure your broker offers a smooth interface and a user-friendly experience.
Trading in New Zealand is interesting. The country has taken strong administrative steps to make sure everyone is treated fairly. They have strong regulatory entities that assure market fairness. There are many brokers in New Zealand. Make sure you check their offering and their system before you settle down with a specific broker.
We've collected thousands of datapoints and written a guide to help you find the best Forex New Zealand for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best New Zealand Forex Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online New Zealand Forex Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top New Zealand Forex Investment Platforms.
Compare New Zealand Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are New Zealand Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more New Zealand Forex Investment Platforms that accept New Zealand Forex Investment Platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with fpmarkets |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare New Zealand Forex Investment Platforms 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 New Zealand Forex Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top New Zealand Forex Investment Platforms below.