Best Forex Brokers in New Zealand

Pepperstone is a highly reputable broker founded in Australia in 2010. The broker serves more than 300,000 traders worldwide and the number of its customers grows every year. 

Pepperstone is a well regulated group of brokers that operate globally. Traders from New Zealand can open live accounts with Pepperstone Group Limited, which is authorized and licensed by the Australian Securities and Investments Commission (ASIC) with the license number - AFSL No.414530.

Pepperstone provides traders with a wide range of trading platforms, including the most popular MetaTrader 4, and MetaTrader 5. Traders can also access modern looking cTrader and TradingView software. 

The broker offers more than 1200 instruments for trading from different asset classes, including Forex, Cryptocurrencies, shares, ETFs, Indices, Commodities, and Currency Indices. 

The broker offers two account types to meet the needs of both active, and less active traders. Let’s check the comparison table to see which can be the best for you. 

TMGM is a highly experienced and reputable broker operating globally. The broker acquired its first license from the Australian Financial Service (AFC) in 2013. The broker offers access to over 12,000 tradable instruments including Forex, Share CFDs, Precious metals, Energies, Cryptocurrencies, Indices, Indices CFD dividends, and Shares CFD dividends. 

Traders registering from New Zealand can open live accounts with the Trademax Global Markets (NZ) Limited, which is the licensed derivatives' issuer in New Zealand (License issued by the Financial Markets Authority), FSP No. 569807 and is registered at 151 Queen Street, Auckland CBD, Auckland 1010, New Zealand.

The broker offers 2 major account types to its clients. In addition, swap-free also known as Islamic accounts are also available. The swap free accounts are for traders that follow Sharia law and Islamic finance. Let’s take a look at the comparison table of TMGM account types below. 

Established in 2009, XM has grown to become one of the top multi-asset brokers in the world. The broker provides financial services to more than 5 million customers worldwide, including in New Zealand. XM offers an extensive range of trading assets, encompassing currency pairs, CFDs on Stocks, indices, commodities and more. 

XM is providing financial services globally and is regulated in multiple jurisdictions. Traders registering from New Zealand are serviced by Trading Point of Financial Instruments Pty Ltd, which has been issued an Australian Financial Services License by ASIC (license number 443670). It should be noted that ASIC is a top-tier regulatory body and traders from New Zealand can feel safe with this regulator. 

In order to satisfy the needs of different trader types, XM offers 3 accounts to its clients. The Micro account is best for strategy testers, and traders with limited funds. The Standard account is for beginners and swing traders. XM Ultra Low account type is best for active traders such as scalpers, day traders, and news traders. For a more detailed comparison, let’s take a look at the table below.

Established in 2010, HF Markets quickly gained popularity among traders and currently serves more than 2.5 million trading accounts all over the world. The broker offers most popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Available markets include currency pairs, Physical Stocks, Stocks as CFDs, ETFs, Commodities, Indices, and Bonds. Over 3 thousand instruments are available for trading with FH Markets. 

HF Markets operates globally and is regulated in multiple jurisdictions. Traders from New Zealand can open live accounts with an international branch of the broker operated by HF Markets (SV) Ltd. The company reg 22747 IBC 2015 with registered address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines.

In order to meet the needs of different traders, HF Markets offers 4 account types to its clients.

The Cent account is ideal for traders with limited funds, as the account type allows traders to make small trades. In addition, Cent accounts are super popular among traders that test their trading strategies live. The account type gives traders opportunities to trade in a live environment with the lowest capital at risk. 

The Zero account is best suited for active trading, as spreads start from 0.4 pips. However, it should be mentioned that traders are charged with variable commissions. 

The Pro and Premium accounts have zero commissions. And the trading fees are included in spreads. Which makes these accounts better suited for position trading. Beginners and swing traders will also find these accounts useful. 

Let’s take a closer loot for more detailed information. 

FP Markets was founded in 2005 and is a highly experienced multi-asset broker. The company has received more than 40 industry awards and is well-respected among traders. 

FP Markets is regulated in multiple jurisdictions. Traders registering from New Zealand receive accounts regulated in Australia, licensed by the Australian Securities and Investments Commission (ASIC). 

Traders are offered Forex and share trading accounts. For trading Forex, Standard and Raw accounts are available. 

Standard accounts are best suited to position traders and swing traders as there are no commissions and fees are integrated in commissions. Minimum initial deposit required to open the account is 100 Dollars. Maximum available leverage is 30:1.

The Raw account is best for active traders as there are no spread markups on this account. Instead, the broker charges commissions of 3 USD per traded lot per side. Minimum initial deposit required is 100 Dollars. Max leverage is 30:1. 

For trading shares, retail and professional accounts are available. Let’s check the account comparison table for more details.