There are plenty of forex platforms accessible in the world, allowing you to choose the best platform for your particular needs. Forex platforms are one of the most important online tools that facilitate website based dealing in overseas money, they are very important tool that each and every forex dealer should utilize and have a clear understanding of utilization.

If you are a beginner in trading foreign retail you should take precautionary measures while choosing the platform for you. The internet is a great source to compare and identify the best forex platform. Normally, the best forex platforms can be classified into four kinds: finotec trading platforms, MT4 based platforms of multiple bank clearings, dukascopy trading platforms and ACM trading platforms.

One of the most useful features of the finotex trading platform is the usage of an all-inclusive graphing module that is rather useful.

Utilizing the MT4 based platform, dealers can trade in 30 dissimilar countries. The dukascopy trading platform is particularly flexible and is not dependent on dissimilar providers as it is based solely on the best proprietary software. The ACM trading platform encourages the dealing cost price, the swings and forex scalping.

Choose any one of the above mentioned best forex platforms and earn more profits within a short period of time. It all depends on your trading style and what you want to get out of the experience. Regulated brokers are your best bet for avoiding future issues in your trading career. Trade only with trustworthy currency dealers to have an enjoyable forex trading experience.

Consider reading online broker reviews to discover what other traders have to say about yours. Unregulated brokers are best avoided because you never know what to expect in the future. As a result, ranking the top five providers of forex services is difficult. Only the most credible and trustworthy forex brokers in New Zealand are included in the comparison table. Best Forex Brokers and Trading Platforms in New Zealand.

Only reliable and regulated FX providers accounts ; your funds are protected and segregated. Beginner-friendly features: copy trading, market analysis, signals, chart analysis, and more. Online Forex Broker Comparison — New Zealand.

xStation Mobile. Customisable Platform. Charts Trading. Trading Academy. Market Analysis. Open Account. Notable Benefits. Beginners will also benefit from the trading academy, webinars, forex market news and analysis. Smart Trader Tools. cTrader Automate. Free Autochartist. Pepperstone offer tight spreads, fast and reliable execution of trades and orders. A good fit for those who trade the news with the free market analysis and research on offer.

Transparent Pricing. Market Reports. Proprietary AT Pro. Free Trading Signals. Strategy Tools. Training Portal. NO EU Customers. Over 80 currency pairs, intelligent trading tools, trading ideas, and extensive market research. Chart Analysis. Market Updates. Attractive Margin Rates. Not the best choice for forex traders as it specialise in other financial markets.

Just Markets. Free access to forex trading signals, daily technical analysis, and forex market research. How to Choose a Forex Broker in New Zealand Choosing the best forex broker may be a difficult task, made all the more difficult by the plethora of excellent options available from across the world.

When comparing forex brokers, the following are some critical questions to ask: Is It Governed by an Appropriate and Recognized Authority? Is It Reliable? What Are the Costs of Trading Forex brokers may charge the following fees but not all of them : commissions, spreads, and interest rate swaps. Forex Platforms The days of dealing with an FX brokerage over the phone are over.

Which Policies Do They Follow? More As previously said, the forex market is incredibly competitive, with hundreds of brokers competing for new clients through innovative marketing strategies and discounts. In New Zealand, Choosing the Right Trading Platform There are forex brokers available to trade with no matter where you are. In terms of other charges and trading costs, HFTrading charges no deposit or withdrawal fees when managing your account balance.

As with any broker, swap fees apply for open positions held overnight. It is worth noting a hefty inactivity fee may apply for traders that do make, open or close a trade for more than 60 consecutive days. Overall, HFTrading could be a good option if you are a high-volume trader making large deposits and actively trading.

Otherwise, between the wide spreads and high inactivity fees, trading costs may add up. Forex trading in NZ should only be done with an FMA-regulated forex broker holding a valid FSP number with the best brokers having:.

Our review found BlackBull Markets was the best forex broker for NZ forex traders. For CFD trading e. stocks MetaTrader 5 is the market leader while cTrader is popular for algorithmic trading. The complete list of FMA forex brokers holding a New Zealand forex licence for forex trading in NZ is the following. To determine the best forex broker in New Zealand and the above-mentioned customer service factors, leverage and product range were also considered.

The overall best NZ broker is BlackBull Markets based on their:. Blackbull is ideal for intermediate and expert NZ forex traders looking for a locally based broker that meets their needs. NZ forex traders should only consider a CFD provider that shows as active on the Financial Service Providers Register FSPR. Only FMA brokers are listed on this page last updated in November Kiwis are recommended to avoid providers without a New Zealand forex license, including top international brokers like Pepperstone NZ, AvaTrade or Axi formally AxiTrader.

Some of the brokers on this list hold regulation licenses with more international bodies such as the Bahamas SCB , Seychelles FSA , and Vanuatu VFSC. These licenses are not considered a scam, but they might have less protection for you as a trader compared to tier-1 licenses.

If you have the option of using a broker with a tier-1 regulation, then definitely take that option. AxiTrader Axi FMA licence has been suspended and should not be considered by NZ forex traders.

New Zealand forex traders should understand the high risks of leveraged products. Regulatory bodies have guides providing risk warnings and risk management suggestions, including this CFD trading article. When selecting the best forex broker in New Zealand forex broker, you should consider the following 5 aspects:. Some forex brokers will move to minimise these spreads and instead charge a commission.

This increases the transparency of forex brokerage costs and can lead to a lower overall brokerage. These types of NZ brokers are called ECN brokers. It should be noted that some NZ forex broker charges other fees for holding positions, trading exotics and certain funding methods.

The main markets are in New York and London, so the trading platform servers need to be close to these locations. Choosing the right forex trading platform will mean finding one that has a good interface, fast trading execution and popularity. By using a popular forex platform like cTrader or MetaTrader 4, a broker can relatively seamlessly change the NZ forex broker they trade with.

Forex broker reviews will often give more insights into platform performance. With currencies typically only moving in fractions of a per cent each day, leverage makes these changes more substantial. The leverage levels can be up to 10x different, so this element needs to be considered.

This is because higher leverage increases the risks of forex trading. Other features need to be enabled on individual trades such as guaranteed stops where a broker can determine the most they are willing to lose on a transaction. It should be noted that these features can increase the brokerage costs of the trader. There are many requirements of the New Zealand regulators, so choosing these FX brokers will reduce the risk of forex scans.

The brokers listed on this page meet FMA requirements, and you can view the FSPR financial service provider registry. Other key regulatory bodies include the Financial Services Complaints Ltd FSCL where complaints of financial institutions can be made. The FMA register has the full list of registered brokers in NZ with a valid licence. The top derivative issuers which offer retail forex broker NZ services are listed below.

Disclaimer: Before trading, make sure you can afford to take the high risk of losing your money. Any leveraged product increases your chances to lose money when trading.

Most FX providers will provide details of the percentage of retail investor accounts that lose money. Make sure you are aware that you can lose money when trading CFDs, which are complex instruments. Understand how CFDs work before trading and consider a demo account before trading real money. Are there any NZ forex brokers regulated by the Financial Markets Authority outside of this list?

Our page lists all of the FMA regulated brokers with Axitrader no longer listed as they lost their regulation in Each month we review the FMA website to see if any further brokers are regulated with several licences pending. New Zealand Brokers Should use a broker regulated by the Financial Markets Authority FMA of New Zealand.

This ensures the broker is legally able to offer their services to New Zealand residents and complies with the regulatory requirements of needed to offer financial services in the country. Do I need to open a trading account in NZD or are their other more popular base currency options which may have lower spreads? You can trade with any currency but when you deposit or withdraw it will convert with NZ and there will be conversion costs.

For example if you have a trading account with USD and you deposit with NZ it will convert to the USD it depends on the exchange rate. Any new or experienced forex trader that resides in NZ should only use an FMA regulated forex broker. The Financial Markets Authority have strict requirements for brokers from training requirements, segregated trading accounts to leverage caps. When determining which of the seven FMA regulated brokers are right for you the most important feature is the forex trading platform they offer.

This trading software directly impacts the way you trade including the functionality and charting package offered. The second factor is the trading fees which directly impact the profit a trader may make. The two most common fees are spreads the difference between the buy and sell for a currency pair and the commissions based on trading volume. Other factors to consider is the level of customer service the broker offers and training program and lastly the range of markets offered from the stock market to trading commodities.

To summarise, the five key features to consider when choosing a forex broker are:. We use cookies to ensure you get the best experience on our website.

By continuing to browse you accept our use of cookies. Brokers By Country Australian Forex Brokers UK Forex Brokers European Forex Brokers NZ Forex Brokers Canadian Forex Brokers US Forex Brokers Singapore Forex Brokers UAE Forex Brokers. Lowest Spread Forex Brokers Lowest Commission Brokers High Leverage Forex Brokers Islamic Forex Brokers Crypto CFD Brokers Forex Demo Account ASIC Regulated Brokers CySEC Regulated Brokers. MetaTrader 4 Brokers MetaTrader 5 Brokers Spread Betting Platforms UK CFD Trading Platforms Automated Trading Software Scalping Trading Software Beginner Forex Trading Platforms Micro Currency Platforms.

Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Trading » NZ Forex Brokers. NZ Forex Brokers In November To find the best forex broker in New Zealand we compared the top forex trading platforms and November spreads of all 9 FMA regulated NZ forex brokers.

Written by Justin Grossbard Written by Justin Grossbard Co Founder. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. Best Forex Brokers NZ List The top 9 FMA regulated New Zealand forex brokers are: BlackBull Markets - Best NZ forex broker TMGM - Top ECN-style forex broker CMC Markets - Good forex broker with leverage trading IG - Great NZ forex trading platform range Plus - Best forex broker for beginners Jarden Securities - Top cTrader forex broker in NZ Hantec Markets - Good MetaTrader 4 forex broker Rockfort Markets - Top share and foreign exchange broker HFTrading - Good CFD Crypto Trading.

Visit Site. Our Rating. BlackBull Markets. TMGM Review. CMC Markets Review. Review of IG. Review Of Plus FMA New Zealand. Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees.

To find the best forex broker in New Zealand we compared the top forex trading platforms and November spreads of all 9 FMA regulated NZ forex brokers. Other factors considered include trading speed, commissions and customer service.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Based in Auckland, key features of Blackbull include:. BlackBull Markets is FMA regulated with a Financial Services Providers Register FSPR number of FSP This means that client funds are segregated in an ANZ bank account, staff meet training requirements and there is an independent dispute resolution scheme. This means that individuals can place orders with straight-through-processing STP execution to liquidity markets.

The broker has its own proprietary aggregation system designed to ensure liquidity providers are competing with each other resulting in the lowest spreads.

Below shows the three ECN broker accounts available for NZ forex traders. There are no commissions charged on trades with the broker making its money by widening their spreads the difference between the ask and sell price. This simpler cost structure makes it easier to calculate trading costs for novice New Zealand traders but the overall brokerage is higher. The result of this brokerage model is lower fees compared to the standard account.

Overall, the spreads charged are the lowest of any FMA-regulated forex broker as shown in the table below which is updated monthly. spreads are taken from each broker's website and updated monthly.

Spreads are the same as the ECN prime account but commissions can be negotiated lower. BlackBull also offers a swap-free, Islamic Account that operates in full compliance with sharia law, given that paying or receiving interest is prohibited in Islam.

This account is available in both the ECN Standard and ECN Prime Accounts with the same tradeable instruments available, swap-free. BlackBull offers the two best forex trading platforms based on popularity, MetaTrader 4 and MetaTrader 5. The image below shows that while MetaTrader 4 MT4 is the older trading software of the two, it remains the choice for forex trading versus MetaTrader 5 MT5 which is better suited for CFD trading.

What makes BlackBull the best MetaTrader broker is its superior infrastructure for MT4. This includes the use of the New York Equinix data centre to connect you with their liquidity providers. The NY4 data centre is where the majority of liquidity providers store their servers, so it makes sense that BlackBull uses NY4 as their main server location.

However, to ensure you get the fastest possible execution for your trades, Blackbull can also connect you with fully functional servers in London, Tokyo, Hong Kong and Shanghai where the proximity may be better for your location. Other enhancements to their forex trading platform include the add-ones of ZuluTrade, Myfxbook and the recent partnership of HokoCloud for social trading.

BlackBull traders also have access to Virtual Private Servers VPS through VPS Trading, NYC Servers or Beeks FX. This enhances the trading execution speed to as low as 1ms. With headquarters based in the Auckland CBD, BlackBull also has its main customer support centre here, which is available during NZ business hours. To ensure the Asia-Pacific region is catered to, the New Zealand base is complemented by a Malaysian office for customer support outside business hours.

When you open a forex trading account, BlackBull will provide you with a dedicated account manager that can assist with any customer service needs. Key points of contact include:. As a locally-based FMA-regulated forex broker, Blackbull Markets offers the best forex trading platforms with the lowest trading fees. Full review Visit BlackBull. TradeMax Global Markets TMGM recently acquired an FMA financial license to operate in New Zealand.

The forex and CFD broker was founded in Australia in and is well known for its competitive no dealing desk NDD execution and ECN trading environment. TMGM offers commission and commission-free pricing structures, in 3 different accounts. An Islamic account option is only available for those following sharia law and on the edge account. As well as a good selection of account types with low spreads, TMGM offer three popular trading platforms:.

In total, thousands of CFDs can be traded with TMGM. Just keep in mind that if you want to trade shares, IRESS is your best option as you can trade shares all hours.

Regardless of the trading platform you choose, TMGM utilises diverse liquidity sources to achieve ultra-tight spreads and fast execution speeds.

Overall, there are many benefits to becoming a TMGM trader. You can access tight spreads from 0. A multi-regulated global broker with a long history of facilitating CFD trading, CMC Markets offers the highest maximum leverage across all markets.

This includes leverage of on major currency pairs and indices, for treasuries, and for commodities. Aside from being licensed by the FMA, the New Zealand regulator, the broker offers its brokerage services across the world with FCA regulation formally FSA in the UK and ASIC regulation in Australia. Most CFDs have trading costs included in the spread with no additional commission fees. CMC Markets have currency pairs which start from 0.

Other CFD products with no commission fees include indices, cryptocurrencies, hard and soft commodities and treasuries. If you do wish to purchase share CFDs, then you can trade over shares across 23 markets including NZX, ASX, NYSE and LSE. The commission will vary for each market but if you trade on the NZX New Zealand Exchange , the fee is 0. Trading on the ASX will cost you 0. USD You can see the spreads offered by CMC on the core markets below, ranging from Forex to Cryptocurrencies.

Both platforms are available via a desktop trading platform, web trader platform or mobile trading apps for Android and iOS devices. While most proprietary platforms lack advanced technical analysis tools, Next Generation is on par with third-party options like MT4.

The platform offers in-built technical indicators and over 70 chart patterns across 12 types of charts to help you develop robust trading strategies. Perhaps the most interesting feature is the availability of a guaranteed stop-loss order GSLO.

As CMC has its own trading platforms, it is one of few brokers that can offer this feature. A GSLO is the same as a stop-loss order but CMC will guarantee to close out of the trade at the price you set for a small premium. Best of all, if you close your trade without needing to use the GSLO, then the entire GSLO cost will be refunded.

To get started, you can deposit trading funds using a credit card, direct deposit or PayPal. CMC Markets offers the highest maximum leverage on major currency pairs of up to There is a high level of risk when trading CFDs with high leverage, so only experienced traders with a high-risk threshold should consider choosing the maximum leverage available.

Maximum leverage for other products is similarly high, with for indices, for treasuries and for commodities. You can view more leverage information in the review of CMC Markets.

Should you start trading with CMC, it is useful to note that this broker does have an office in New Zealand not all brokers do at Level 25, Queen Street, Auckland which can be useful if you desire a broker with a local presence.

As one of the largest FX brokers worldwide, IG markets itself as an all-in-one trading solution provider. They provide stockbroking, currency, and CFD trading services across a number of forex platforms. IG Markets is a market maker, meaning they use internal liquidity to fill your orders and act as the counterparty to your trade compared to no dealing desk brokers that connect you to external liquidity providers.

Market maker brokers like IG offer commission-free spreads, making them a good option for traders looking for a simpler cost structure. Traders also benefit from a range of risk management tools and industry-leading educational resources. IG offers a large and diverse range of products for trading across over 17, markets making it a great option for portfolio diversification. Very few brokers offer the range of products that IG Markets provide access to. Financial products include:. Should you wish to sign up with IG, it may be useful to know the broker does not have an office in New Zealand.

Some of the other tier 1 licences include Australia ASIC , the UK FCA , Germany BaFin , and even UAE DFSA. IG also offers a huge range of 12, shares across a wide range of markets for New Zealand traders, with market-based spreads and a 0. IG is the largest forex broker globally and was ranked 10th in the best forex broker Australia list. The issue though is in NZ they have a weaker offering with higher brokerage and primarily offshore customer support.

Only traders looking specifically for the IG trading platform should consider the broker. Review Of IG Visit IG. Those new to trading should consider Plus because of the brokers:.

The platform features robust charting, with indicators and 20 drawing tools, across 2, CFD products including:. Plus is not only FMA regulated, the broker is licensed in several financial jurisdictions such as South Africa FSCA , Singapore MAS and Europe CySEC. One weakness of choosing Plus is that the broker does not have an office in New Zealand, which may present issues should you want to engage with the broker in person.

The easy-to-use trading platform, range of products and risk management tools is why Plus is recommended for novice NZ traders. While trading fees are higher than low costs brokers such as BlackBull Markets, this should be a lower consideration for those new to trading for which novice mistakes can cost significantly more than any increases in spread charges.

Hantec Markets New Zealand is part of the Hantec Group, which also operates regulated entities for forex trading in Australia, Japan, England and Vanuatu. The company has its headquarters in Hong Kong where it was founded 30 years ago and holds a licence to offer derivatives by the FMA in New Zealand since November Choosing Hantec Markets gives you access to commission-free spreads starting from 0.

The broker uses straight-through processing STP which means there is no dealing desk. No dealing desk interference ensures your orders receive the most optimal execution and pricing when you trade. Hantec offers the most popular forex trading platform, MetaTrader 4, for both Windows and Mac via an emulator. This platform is still the most used by online brokers worldwide and by many of the top retail traders participating in forex markets.

Written by Steven Hatzakis Edited by John Bringans Fact-checked by Joey Shadeck. Submit Details. The following platforms are available:. An individual desiring to venture into Forex trading must never see it as a get rich quick. This is another popular strategy in Forex trading NZ.

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