Broker | Review | Spreads (EUR/USD) | Regulated by FMA | Account |
1. BlackBull Markets  | 0.1 pips | |||
2. CMC Markets  | 0.5 pips | |||
3. IG Markets  | 1.13 pips | |||
4. ThinkMarkets  | 0.0 pips | |||
5. Plus500  | 1.2 pips |
In this article, we will talk about 5 best Forex Brokers for traders in New Zealand.
To be a top broker in New Zealand, the broker must be regulated by the Financial Markets Authority (FMA). The Financial Markets Authority (FMA) is the primary regulator of financial markets in New Zealand. Its role is to promote and facilitate fair, efficient, and transparent financial markets.
In addition to regulations, we also considered other factors as well when choosing the best forex brokers in New Zealand. These factors are, customer support, fees, trading platforms and speed of trade execution.
Below are 5 Best forex brokers in New Zealand.
1. BlackBull Markets
The BlackBull markets broker is regulated by the Financial Markets Authority (FMA). The BlackBull markets was founded in Auckland, New Zealand in 2014.
The BlackBull markets broker provides traders with a range of trading platforms, including our favourite trading platform, the TradingView trading platform.
When you sign up with the BlackBull markets broker, you can get TradingView Premium for free. If you are interested, click here to sign up with the BlackBull markets broker.
In addition to the TradingView trading platform, the BlackBull markets broker provide other trading platforms as well. These are the MetaTrader 4 & 5 trading platforms, cTrader, BlackBull copy trader and BlackBull invest.
The BlackBull markets broker provide traders with 3 main account types. These are ECN standard account, ECN prime account and the ECN Institutional account.
For the ECN standard account, the spreads start from 0.8 pips and no commission is charged. For the ECN prime account the spreads starts from 0.1 pips and the commission charged is $6 per lot. For the ECN institutional account, the spreads start from 0.0 pips and the commission charged is $4 per lot.
When it comes to customer service, the BlackBull markets broker provides 24/7 customer support. You can contact the BlackBull markets broker through, phone, email and live chat.
The BlackBull markets broker provide traders with a leverage of up to 1:500.
To start trading with the BlackBull markets broker, you don’t require a minimum deposit. If you are interested in trading with the BlackBull markets, click the button down below.
2. CMC Markets
CMC Markets is another broker that is regulated by the Financial Markets Authority (FMA). CMC markets was founded in 1989 in the United Kingdom.
The CMC markets broker provides a range of trading platforms for traders. These include platforms, for mobile trading, web trading and desktop trading.
The CMC markets broker provides a range of account types. For forex & CFD trading, they provide two main accounts. These are the CFD trading account and the Corporate Account. Additionally, they provide a spread betting account that is available in the UK.
The spreads for the CMC markets broker starts from 0.7 pips for major forex pairs and commission from 0.1 % for shares.
The CMC markets broker provides customer support between 7.30 am – 7 pm Sydney time. You can contact CMC markets broker through live chat, phone and email. They also provide traders with a contact form for non-critical enquiries.
The CMC markets broker provides retail clients with a leverage of up to 1:30. For professional clients, the leverage is up to 1:500.
To start trading with the CMC markets, you do not require a minimum deposit.
3. IG Markets
IG Markets is a great broker for traders in New Zealand. This broker is also regulated by FMA. The IG markets broker was founded in 1974 in the United Kingdom.
IG markets also provide traders with a variety of trading platforms. These include IG markets web trading platform, mobile trading platform and integration with third-party platforms like MetaTrader 4 and ProRealTime.
The IG markets broker provides traders with several account types tailored to different needs and levels of experience. These include CFD account, MT4 account and DMA account. They also offer other account types based on the trader’s location.
For the major FX pairs, the spreads start from 0.6 pips, and no commission is charged for most FX pairs.
The IG markets broker provides traders with 24-hour support on most days, with a limited service window on Saturdays. Traders can contact the IG markets support through phone, email and WhatsApp.
The IG markets broker provides only a leverage of up to 1:30 for the Major forex pairs for retail clients.
There is no minimum deposit requirement to get started trading with the IG Markets broker if you are using bank transfers, but has a $100 minimum deposit for credit/debit cards and PayPal. This also depends on the country you are depositing from.
4. ThinkMarkets
ThinkMarkets is also another broker that is regulated by the Financial Markets Authority (FMA). The ThinkMarkets broker was founded in 2010, in Melbourne, Australia.
The ThinkMarkets broker provides traders with 4 trading platforms. These are the MetaTrader 4, MetaTrader 5, ThinkPortal and ThinkTrader trading platforms.
This broker provides retail traders with 3 main account types. These are Standard Account, ThinkZero Account and Mini account. For the Standard Account type, the spreads start from 0.4 pips and commissions from 0%.
For the ThinkZero account, the spreads start from 0.0 pips and the commissions charged is $3.50 per side. For the Mini account, the spreads start from 2.52 pips and no commission is charged.
For professional traders, the ThinkMarkets provides a pro account. This account is for traders with gross income of at least $250,000 or net assets of at least $2.5 million. For most retail traders who are interested in trading with this broker, the Standard account or the ThinkZero account is more suitable.
The Think markets broker provides 24/7 customer support to traders. You can contact the ThinkMarkets broker through email, phone and live chat.
Just like the IG markets broker, the ThinkMarkets broker provides a leverage of up to 1:30.
To get started trading with the ThinkMarkets broker, you do not require a minimum deposit.
5. Plus500
The Plus500 brokers was founded in 2008, in Israel, and is also regulated by the Financial Markets Authority (FMA).
The Plus500 broker provides their own trading platform that works on both web and mobile.
This broker provides a single unified CFD trading account to most of its international clients. In addition to the standard CFD account, the Plus500 broker also offers, professional account, investment account, futures account, VIP account and Islamic account.
The spreads for the Plus500 broker can be quite high compared to other brokers in the list. The spreads for EUR/USD pair is around 1.2 pips.
The Leverage provided by the Plus500 broker is up to 1:30 for retail clients. For professional clients, the Plus500 broker provides a leverage of up to 1:300.
The Plus500 broker offers traders with 24/7 customer support. Traders can contact the Plus500 customer support through email, phone and live chat.
To start trading with the Plus500 broker, you require a minimum deposit of $100.
Conclusion
In this article, we looked at 5 great forex brokers that are good for traders living in New Zealand. All of these brokers are regulated by the Financial Markets Authority (FMA) in New Zealand. In addition to its regulations, these brokers provide great trading platforms and customer support for traders.
