Best forex brokers New Zealand – Regulations and features

The Australasia region is known as a hub for foreign exchange, with the New Zealand dollar remaining in the top 20 most traded currencies globally. Therefore, many investors are looking at forex brokers for NZ traders.

These forex broker NZ reviews will examine the best options, why they are excellent choices, and the pros and cons. But first, we’ll start with regulations for NZ brokers.

Top 5 Forex Brokers in New Zealand for 2025

Broker Deposit* Leverage* Platforms Assets Regulation Visit
XM
5/5
 Min. Deposit: $5 Max. Leverage: 1:1000 Trading Platforms:
  • MT4
  • MT5
 Assets:
  • FX
  • Crypto
  • Stock
 Regulation:
  • CySEC
  • ASIC
  • DFSA
 Visit XM XM review
XTB
4.7/5
 Min. Deposit: - Max. Leverage: 1:500 Trading Platforms:
  • xStation 5
  • xStation Mobile
 Assets:
  • Forex
  • Indices
  • Commodities
  • Shares
  • Cryptocurrencies
 Regulation:
  • FCA
  • CySEC
  • CNMV
 Visit XTB XTB review
Eightcap
4.55/5
 Min. Deposit: $100 Max. Leverage: 1:500 Trading Platforms:
  • MT4
  • MT5
 Assets:
  • Forex
  • Indices
  • Commodities
  • Shares
  • Cryptocurrencies
 Regulation:
  • ASIC
  • VFSC
 Visit Eightcap Coming soon
AvaTrade
4.4/5
 Min. Deposit: $200 Max. Leverage: 1:400 Trading Platforms:
  • MT4
  • MT5
  • AVATrade Go
 Assets:
  • Commodities
  • Options
  • Indices
 Regulation:
  • CBI
  • CySec
  • ASIC
 Visit AvaTrade AvaTrade review
Pepperstone
4.25/5
 Min. Deposit: $200 Max. Leverage: 1:500 Trading Platforms:
  • cTrader
  • MT4
  • MT5
 Assets:
  • Indices
  • Crypto
  • Equities
 Regulation:
  • FCA
  • ASIC
  • DFSA
 Visit Pepperstone 74-89% of retail investor accounts lose money Pepperstone review
Bubinga
4.1/5
 Min. Deposit: $5 Max. Leverage: - Trading Platforms:
  • Proprietary web platform
 Assets:
  • Forex
  • Commodities
  • Indices
  • Stocks
  • Cryptocurrencies
 Regulation:
  • No Regulation
 Visit Bubinga Coming soon

Regulation for forex brokers accepting NZ clients

It is only safe to trade in regulated forex brokers, so this is the first thing we look for in an operator. The Financial Markets Authority (FMA) is the government agency that regulates financial services companies, including brokers, in the country. The FMA is seen as a highly reputable body in the industry, with only around 22 derivatives providers licensed by them.

Like any regulator, the FMA’s job is to:

  • Offer a strict licensing process for brokers
  • Ensure that brokers segregate client funds
  • Maintaining compliance with periodic reporting standards
  • Imposing warnings and sanctions against unlawful behavior

Fortunately, the FMA is not as strict as its neighboring Australian Securities and Investments Commission regarding leverage. This is also reflected in the reasonable licensing fee of $10,695, a much lower fee than other regulators.

These are the other general requirements for regulated forex brokers in NZ:

  • A broker must have a minimum net tangible assets value of NZ$1 million
  • They should have a physical office in the country with a compliance director present
  • A broker shouldn’t misconstrue information to its clients and must disclose risks

Below is a summary of the main things we considered in compiling this NZ forex brokers list:

  • The trading costs should be minimal and competitive. Also, no funding and withdrawal fees should apply.
  • NZD regulated forex brokers should have a broad choice of currency pairs and non-FX markets.
  • The broker should offer a wide selection of convenient payment methods.
  • We ensured excellent and responsive customer support.
  • Lastly, a broker must provide a distinct feature or unique service to differentiate themselves from competitors.

Now we’ll observe the best five options available.

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FAQ

Yes, trading FX is permitted in the country as long as you use any FMA-regulated forex brokers in New Zealand. You can ensure the FMA licenses the broker by looking at its official register.

This organisation, like any regulator, has strict guidelines for member firms to ensure a safe and legal trading environment.

Absolutely. Tax applies when using forex brokers in New Zealand. The government refers to it as Resident Withholding Tax (RWT) which is relevant for job and investment-related earnings. The RWT rate varies from 10.5% to 3%, the higher your yearly income, the higher the rate is.

You need to know the different sessions to understand the most optimal times. The best time for the New Zealand currency is during the Australasian overlap from 19h00 to 00h00 EST. As the Sydney and New Zealand markets near a close, the Asian pairs come into the fray.

So, when using NZD regulated forex brokers, expect movement across numerous AUD, NZD, and JPY-based markets.

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