We found 7 online brokers that are appropriate for Trading Fsa.
Traders looking to invest in the New Zealand financial markets should deal with only FMA brokers as they are well regulated and transparency is maintained.
FMA brokers are highly professional and act in the interest of clients.
FMA is an abbreviation of the Financial Markets Authority.
The FMA regulates the New Zealand capital and financial markets under the 2013 FMC Act.
It oversees the activities of FMA brokers, building confidence among traders to invest in the financial markets of New Zealand.
The independent agency was founded in 2011 and prior to it the market was regulated by the Securities Commission of New Zealand.
The shift was due to poor market performance, failure of finance companies and undermined public confidence.
In 2008 New Zealand faced a major economic downturn.
It was a part of the global crisis. The economy deteriorated drastically due to several destabilizing economic factors like weaker trading, local drought, poor production conditions and also the global financial crisis.
New Zealand's economy started reviving in 2010 but the growth was just modest.
To rebuild confidence among traders FMA was formed and its regulatory framework was further strengthened after 2013 when the Financial Markets Conduct Act was passed.
The Strategic Risk Outlook 2017 identifies below mentioned objectives of FMA:
The risk management framework of FMA is reviewed from time to time by the leadership team. The process is overseen by the Audit and Risk Committee.
As a whole, all these lead to good regulation of FMA brokers, transparent financial market and safety of investors.
The FMC Act covers debt securities, equity securities, derivatives and other financial products.
All the CFD and Forex brokers operate under its legislation and need to get an FMA license.
The licensing process is not easy and the applicants need to meet certain strict requirements.
The most important advantage of why to deal only with FMA brokers in New Zealand is their stringent standards regulated by the agency.
The safety of clients is a priority. They keep the deal transparent and help traders to invest in New Zealand with confidence.
All the FMA brokers are asked to follow sound business practices. Penalties are applied if the practice is not followed.
Broker licenses may be frozen or withdrawn if they fail to comply. If brokers are applying for registration without abiding by it, they may not be granted a license.
In brief, the FMA provides peace of mind and confidence among the investors. Hence, dealing with unregulated brokers means deprived of all these.
In recent years several regulatory reforms have taken place in New Zealand and one of those is the establishment of a regulatory body.
FMA was founded in 2011 and since then the country’s financial market has grown several fold. Traders feel comfortable dealing with FMA brokers while investing money in financial products.
We've collected thousands of datapoints and written a guide to help you find the best Fsa Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best fsa brokers below.
There are a number of important factors to consider when picking an online Fsa 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 Fsa Brokers.
Compare Fsa Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are fsa brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more fsa brokers that accept fsa clients
Broker |
Plus500
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ThinkMarkets
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IG
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ovalx
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CMC Markets
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BFNM
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Direct FX Limited
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Regulation | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, 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 Firm Reference Number SD060 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) | Australian Securities and Investments Commission (ASIC) | Unregulated |
Min Deposit | 100 | No minimum deposit | No minimum deposit | 100 | 200 | 50 | 1 |
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Used By | 15,500+ | 500,000+ | 239,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | Web Trader, Binary, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | |
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Learn More |
Sign
Up with plus500 |
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Up with thinkmarkets |
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Up with ig |
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Up with ovalx |
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Up with cmcmarkets |
Sign
Up with bostonmerchantfinancial |
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Up with directfxlimited |
Risk Warning | 73% 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. 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 | Losses can exceed deposits |
Demo |
Plus500 Demo |
ThinkMarkets Demo |
IG Demo |
Ovalx Demo |
CMC Markets Demo |
Boston Merchant Financial Demo |
Direct FX Limited Demo |
Excluded Countries | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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, BE, CA , SG, BE | US | US |
You can compare Fsa 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 Fsa Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Fsa brokers below.