Traders in New Zealand have access to both FMA-regulated and international brokers for forex trading. With more options available, traders can compare brokers and start trading with the best available options. To help you trade with the best, we have compared regulations, trading platforms, customer support, leverage, fees, and other factors in the following listing.
Best Forex Brokers in New Zealand
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Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Competitive Spreads
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Comprehensive Educational Resources
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Robust Customer Support
Cons
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Limited Deposit and Withdrawal Options
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Occasional Platform Glitches
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Limited Regulatory Oversight in Certain Regions
Withdraw fee
$0
Deposit fee
5
Max leverage
1:1000
Min deposit
$5
Top Regulators
No
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Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
Competitive Spreads
-
Comprehensive Educational Resources
-
Robust Customer Support
Cons
-
Limited Deposit and Withdrawal Options
-
Occasional Platform Glitches
-
Limited Regulatory Oversight in Certain Regions
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
24/7 instant money withdrawal
Specialized trading accounts
Free VPS hosting
High leverage
Pros
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Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
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Wide Range of Trading Platforms
Cons
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Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
Withdraw fee
$0
Deposit fee
4.7
Max leverage
1:10000
Min deposit
$100
Top Regulators
FCA
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24/7 instant money withdrawal
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Specialized trading accounts
-
Free VPS hosting
-
High leverage
Pros
-
Regulated by Multiple Tier-1 Authorities
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Competitive Trading Conditions
-
Wide Range of Trading Platforms
Cons
-
Higher Commissions on Certain Platforms
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Limited Educational Resources Compared to Other Brokers
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Not Available Worldwide
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:10000
24/7 instant money withdrawal
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
Withdraw fee
$0
Deposit fee
4.7
Max leverage
1:3000
Min deposit
$1
Top Regulators
No
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3
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24/7 instant money withdrawal
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Specialized trading accounts
Pros
-
High Leverage Options
-
Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:3000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
Withdraw fee
$0
Deposit fee
4.8
Max leverage
1:888
Min deposit
$5
Top Regulators
ASIC, FSC, CYSEC
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Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
Regulated by Top-tier Authorities
-
Low Spreads and Commissions
-
Popular Trading Platforms
Cons
-
Limited Asset Coverage
-
Platform Selection Limited
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:888
24/7 instant money withdrawal
Pros
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Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker’s platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.
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Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker’s versatility. Depending on the traders’ nationality, anyone can enjoy full access to the trading platform in their preferred language.
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Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform’s functionality and create an enjoyable trading experience.
Cons
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Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC’s customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.
Withdraw fee
No
Deposit fee
4.8
Max leverage
1:400
Min deposit
20$
Top Regulators
FCA
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5
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24/7 instant money withdrawal
Pros
-
Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker’s platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.
-
Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker’s versatility. Depending on the traders’ nationality, anyone can enjoy full access to the trading platform in their preferred language.
-
Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform’s functionality and create an enjoyable trading experience.
Cons
-
Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC’s customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.
- Withdraw feeNo
- Deposit feeNo
- Max Leverage1:400
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Regulated by multiple authorities
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Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
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Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
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Limited research tools
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Limited customer support options compared to some other brokers
Withdraw fee
$0
Deposit fee
4.4
Max leverage
1:1000
Min deposit
$10
Top Regulators
FSRA
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Free VPS hosting
-
Specialized trading accounts
-
24/7 instant money withdrawal
Pros
-
Regulated by multiple authorities
-
Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
-
Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
-
Limited research tools
-
Limited customer support options compared to some other brokers
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdraw fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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Available in
7
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Exceptional Execution
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US Clients
-
Scalping
Pros
-
OANDA is among the few international online forex brokers that accept U.S. clients.
-
The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
-
OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdraw feeN/A
- Deposit feeN/A
- Max Leverage1:50
24/7 instant money withdrawal
Free VPS hosting
Specialized trading accounts
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
Withdraw fee
N/A
Deposit fee
4.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
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Not available in
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-
24/7 instant money withdrawal
-
Free VPS hosting
-
Specialized trading accounts
Pros
-
No obligation demo accounts with US$50,000 of virtual funds to practice with
-
24/5 Customer support available
-
Multilingual support in 14 languages
Cons
-
Limited trading platform options
-
Limited trading instruments
-
Only forex and CFD trading
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Specialized trading accounts
Pros
-
Solid Regulatory Oversight
-
Fast Execution Speeds
-
Innovative Trading Tools
Cons
-
Limited Asset Range
-
Commissions and Fees
-
Mixed Customer Support Reviews
Withdraw fee
0$
Deposit fee
4.2
Max leverage
1:400 (1:30 for EU)
Min deposit
0$
Top Regulators
FCA
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-
Specialized trading accounts
Pros
-
Solid Regulatory Oversight
-
Fast Execution Speeds
-
Innovative Trading Tools
Cons
-
Limited Asset Range
-
Commissions and Fees
-
Mixed Customer Support Reviews
- Withdraw fee0$
- Deposit fee0$
- Max Leverage1:400 (1:30 for EU)
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
-
24-hour support
-
Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions
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Variety of deposit/withdrawal methods
Cons
-
VPS is not free of charge
-
A limited selection of tradable instruments
-
Unavailable to US retail clients
Withdraw fee
N/A
Deposit fee
4.8
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
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Not available in
10
Expand
-
Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
24-hour support
-
Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions
-
Variety of deposit/withdrawal methods
Cons
-
VPS is not free of charge
-
A limited selection of tradable instruments
-
Unavailable to US retail clients
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A