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New Zealand, situated in the southwestern Pacific Ocean, plays a noteworthy role in global financial markets, especially in the Asia-Pacific region.

It has a well-established financial system, and its currency, the New Zealand Dollar (often referred to as the “Kiwi”), is one of the ten most traded currencies worldwide.

For retail forex trading activity, oversight and regulation fall under the Financial Markets Authority (FMA) of New Zealand. The FMA ensures that financial institutions operate transparently and fairly, providing a safe trading environment for both local and international investors.

In this article we have collected some of the best forex brokers in New Zealand. In order to create this list, we have taken into consideration:

  • FMA regulation of the broker
  • Minimum deposit of the broker for NZ traders
  • If NZD were available as base currency for NZ traders
  • Spreads and leverage for NZ traders
Table of Content

What are the best forex brokers in New Zealand?

Below is our curated list of the best forex brokers for traders living in New Zealand, with details and information about the country laws, the features, and the characteristics.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

1. IG Markets : best for number of assets overall

  • IG Markets in New Zealand is FMA regulated (n. FSP18923).
  • NZ traders require an IG Markets minimum deposit of 450 NZD (300 USD).
  • IG New Zealand clients have access to ETF payments, with a processing time of 3 working days.
  • NZ clients of IG Markets can choose to trade in 80+ currency pairs with spreads from 0.6 pips and a leverage up to 30:1. Professional traders have access to a higher leverage.
70% of retail CFD accounts lose money

2. Plus500 : one of the best for CFD trading

  • Plus500 AU Pty in New Zealand for NZ clients is regulated by the FMA regulator (FSP 486026).
  • The Plus500 minimum deposit for NZ clients ranges from just 200 NZD by credit card or eWallet to 500 NZD if you deposit by wire transfer.
  • NZD is available as a base currency as well as many others, including EUR, GBP, and USD.
  • Plus500 offers NZ clients variable spreads on 60+ forex currency pairs with a maximum leverage of 30:1.
77% of retail investor accounts lose money

3. CMC Markets : best for forex trading

  • CMC Markets is FMA regulated (n. FSP41187) to offer the service in New Zealand.
  • New Zealanders don’t have to make a CMC Markets minimum deposit.
  • NZD and USD are the CMC base currencies available for NZ traders.
  • CMC New Zealand clients will find spreads from 0.3 pips on 330+ forex currency pairs with max. leverage up to 30:1 (retail) and 500:1 (professional).
  • NZ clients have access to CFD monthly rebates. Once you meet the minimum monthly notional value (NV) in any asset class, you will receive rebates on the trades.
  • These trading levels are,Level 1 your total monthly value has to be at least $25M to get a discount of 5% to Level 4 where your total monthly value has to be $300M+ to get a 20% discount bonus.
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

4. Rockfort Markets : best broker for NZ traders overall

  • Rockfort Markets are regulated by the FMA regulator (n. FSP509766) to operate in New Zealand with a registered office in Auckland.
  • Local bank deposits and Poli payments are both available in NZD and USD base currencies for New Zealand traders.
  • NZ traders are required to make a Rockfort Markets minimum deposit of $200.
  • NZ traders of Rockfort Markets can trade in 60+ currency pairs with spreads from 8 pips and a maximum 100:1 leverage.
(Your capital is at risk)

5. Hantec Markets : best for beginners

  • Hantec Markets operate in New Zealand under the FMA registration (n. FSP539286) with a registered office in AuckLand (NZ).
  • NZ traders are asked to make a Hantec Markets minimum deposit of $50.
  • NZD is not available as a base currency, but USD and AUD are provided for NZ clients.
  • Hantec Markets provides their NZ clients spreads starting from 0.6 pips on 50+ forex currency pairs with leverage that can reach up to 30:1 (retail) and up to 200:1 (professional).
65% of retail investor accounts lose money

Is forex trading legal in New Zealand?

Forex trading in New Zealand is completely legal. The only thing that must happen is from the broker side and that is, if they want to offer financial services in New Zealand, they must be authorized to do so by the FMA (Financial Markets Authority). This is in fact to your benefit in finding a trusted forex broker.

How to trade forex in New Zealand

Considering the fact that each broker available in New Zealand should be regulated by the FMA then there are just a few general rules in place that you should follow when starting out in forex trading in NZ.

These are that you provide both proof of your identity and proof of residence in order to validate your account before funding and trading forex markets.

What should New Zealander traders look for in a forex broker?

As with forex trading in every country, there are always a few nuances to look out for. This is the same with trading forex in NZ. With that said, you will become aware that there are not really too many restrictions on trading in New Zealand and the maximum leverage is a generous 500:1 in most cases.

Here are three key tips to ensure you can choose the best available forex broker.

1. Look for brokers regulated within New Zealand

Finding a regulated broker should always be top of the list. This means they should always be regulated by the FMA. If for some reason you do decide to step outside this, then try to go with other top global regulators in the forex market such as CySEC, FCA, and ASIC.

2. Look for a broker that keeps the costs low

Costs will always be key in forex trading. To that end, you need to make sure your broker’s spread is as low as possible and that they also keep their non-trading fees to a minimum. You should also try to deal with a broker that will facilitate NZD deposits and base currencies as this can work to limit any conversion costs you may incur.

3. If you’re a beginner, look for a negative balance protection broker

Keeping yourself protected is vital in the forex market. Within Europe due to ESMA regulations, all brokers have to apply negative balance protection. This is not the case in New Zealand and you could find that a big market swing may leave you with a negative balance.

Using a broker that provides negative balance protection will stop this from happening as your position will be automatically closed once your balance reaches zero. It can provide excellent peace of mind to you as a forex trader.

How to verify if a forex broker is regulated in New Zealand

Understandably you may want to verify that the regulation your broker says they have is true and official at some point. This should be relatively easy to do in NZ since brokers are required to be FMA regulated.

In order to do this you should go to the FMA official website and look for the list of licensed providers from the regulator. You should just have to type in your broker’s name and it should appear under the business name of the broker that you can often find at the bottom of their homepage.

Once you have done this, simply read the description and it will inform you about the current regulatory status of that broker.

Is forex trading taxable in New Zealand?

Forex trading in New Zealand is taxable. Capital Gains Tax will be applied on your profits and this amount depends on the bracket within which it falls but this can be anything from 10.5% up to 33%.

We are not professional tax advisors, thus we strongly suggest you contacting local authorities if you don’t know how to manage this aspect.

filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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