Best Forex Brokers in New Zealand
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.
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.
OANDA's financial offerings have some irregularities that may only suit some traders
-Trading on OANDA may incur several fees, including a monthly inactivity fee
AXITrader
trustedBonusFunding & Profit Sharing by AxiTrader
Best For Instant Trade Execution4.5 / 5No obligation demo accounts with US$50,000 of virtual funds to practice with
24/5 Customer support available
Multilingual support in 14 languages
Limited trading platform options
Limited trading instruments
Only forex and CFD trading
Nemo Money (by Exinity) trusted
Investor protectionBonusWelcome Bonus by Nemo MoneyMobile-First Trading Platform4.5 / 5Regulated by ADGM FSRA: Nemo Money is regulated by ADGM FSRA (UAE), a highly reputable financial authority that ensures a high level of regulatory oversight. This offers traders peace of mind knowing their funds are protected in segregated accounts separate from the company’s own operational funds.
Commission-Free Trading: Nemo stands out for its commission-free trading on its range of offered tradable assets which translates to lower trading overhead. Nemo mainly earns through spreads and overnight swap fees instead of charging commissions.
User-Friendly Mobile App: Nemo’s mobile-first approach gives traders a seamless and intuitive trading experience. The platform offers real-time asset tracking, insights, and the ability to trade directly from your mobile device giving traders a lot of flexibility.
Limited Leverage on Tradable Instruments: Due to MiFID-style consumer protection and regulatory restrictions, leverage on tradable assets from Nemo Money is on the lower end. Expert traders prefer high leverage to have control on bigger position sizes against their investments.
No Swap-Free/Islamic Accounts: Nemo Money does not offer swap-free or Islamic accounts. This means you are charged an interest on the positions held overnight.
TradeQuo trusted Investor protectionBonus30% Deposit Bonus by TradeQuoMultilingual Customer Support4.5 / 5Multiple Regulations: Multi-regulated broker with licenses from Seychelles (FSA), South Africa (FSCA), Dominica (FSU), and UAE (SCA).
Extremely High Leverage and Low Trading Costs: You can trade with up to 1:1000, 1:2000, and even “limitless” on special accounts with negative balance protection available. TradeQuo offers spreads as low as zero pips on some major pairs (depending on the account type).
Extensive Range of Tradable Assets: The broker gives you access to 350+ tradable instruments over forex, stocks, indices, commodities, and cryptocurrencies.
Not Available in Certain Jurisdictions: The company does not accept clients from US, EU, UK, and Canada among others due to regulatory restrictions.
No Call Support: TradeQuo does not offer call support at the time of writing this review.
Islamic Account Option Only Available on Request: Islamic accounts are available but not as a standard account type. They are only available upon request.
Neomarkets trustedBonus25% Deposit Bonus by NeomarketsBest Execution On Transactions4.5 / 5NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
NeoMarkets' website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
ActivTrades trustedBonusUp to $500 Refer a Friend Reward by ActivTradesBest For Instrument Specific Insights4.5 / 5Solid Regulatory Oversight
Fast Execution Speeds
Innovative Trading Tools
Limited Asset Range
Commissions and Fees
Mixed Customer Support Reviews
LiteFinance trustedBonusLiteFinance “Best of the Best” Demo ContestBest High Tech Broker4.5 / 524-hour support
Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions
Variety of deposit/withdrawal methods
VPS is not free of charge
A limited selection of tradable instruments
Unavailable to US retail clients
Strong Regulatory Oversight
Several Trading Platforms Offered
Several Account Options
Variable Spreads on Starter Account
High Minimum Deposits for Premium and Ultimate Accounts
Some Users Reported Withdrawal Issues
Vantage trustedBonusTrick & Trade Halloween Cashback by VantageBest For Online CFD Trading4.5 / 5Low Trading Fees
Multiple Regulatory Licenses
Advanced Copy Trading Options
High Minimum Deposit for Pro ECN Account
Limited Product Range
Mixed Customer Service Reviews
MultiBank Group trustedBonus25% Deposit Bonus by MultiBank GroupBest Gold Broker4.5 / 5Highly Regulated and Trustworthy
Excellent Asset Selection
Multiple Account Types
High Minimum Deposit for Best Conditions
Limited Educational Resources
Occasional Customer Support Delays