New Zealand Forex brokers

Forex Regulation in New Zealand

In New Zealand, there are 3 well known institutions: FSPR, FSCL and FMA, but neither of them acts as a regulatory body for New Zealand brokers in the FX market.

Although brokers are required to follow a simple registration procedure in order to provide financial services, it’s fair to say that Forex trading in New Zealand so far is not fully supervised by any regulatory institution.

Financial Service Providers Register (FSPR) – is a government business registry, where entities providing financial services are required to register. All NZ Forex brokers are registered with FSPR.

New Zealand Forex brokers list:

EagleFX
Key Features
100% Anonymous Trading
24/7 Customer Support
Same Day Withdrawals
Min Deposit
$10
United States
Key Features
100% Anonymous Trading
24/7 Customer Support
Same Day Withdrawals
Payment Methods
Credit Card, Debit Card, Bitcoin, Wire Transfer
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
FOREX.com
Key Features
Competitive spreads with EUR/USD as low as 0.8 pips
Trade on over 80 currency pairs with sophisticated trading tools
Trade 24 hours a day, 5 days a week with a global market leader
Min Deposit
$50
United States
Key Features
Competitive spreads with EUR/USD as low as 0.8 pips
Trade on over 80 currency pairs with sophisticated trading tools
Trade 24 hours a day, 5 days a week with a global market leader
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated juristictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Forex trading involves significant risk of loss and is not suitable for all investors.
Nadex
Key Features
CFTC Regulated exchange based in the US
Trade binary options and option call spreads on 10 forex pairs
100% defined risk trades on Forex, Stock Index Futures and Commodities underlying markets
Min Deposit
$250
United States
Key Features
CFTC Regulated exchange based in the US
Trade binary options and option call spreads on 10 forex pairs
100% defined risk trades on Forex, Stock Index Futures and Commodities underlying markets
Payment Methods
ACH, Debit Card, Wire Transfer
Nadex is the first, and largest, CFTC regulated exchange designed for the individual trader. Nadex offers around the clock trading on Forex, Stock Index Futures and Commodities. Nadex offers three unique contract types: Binary Options, Touch Brackets and Call Spreads giving traders the ability to trade how they want, when they want.
EagleFX
Key Features
100% Anonymous Trading
24/7 Customer Support
Same Day Withdrawals
Min Deposit
$10
United States
Key Features
100% Anonymous Trading
24/7 Customer Support
Same Day Withdrawals
Payment Methods
Credit Card, Debit Card, Bitcoin, Wire Transfer
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
PaxForex
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Min Deposit
$100
United States
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Payment Methods
Credit Card, Debit Card, Wire Transfer, Bitcoin, Ethereum, Neteller, Perfect Money, QIWI, Skrill, UPayCard, WebMoney
You are unlikely to find a more comfortable broker than PaxForex. Our company provides customers the best possible conditions for successful Forex\Cryptocurrencies, Spot metal\Stocks trading. We have offers for both beginners and experienced traders. The main engines of our progress at the financial trading t are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our traders. Today we are a well-known lowest spread broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced technologies.

More on New Zealand regulation

An official reply from FMA New Zealand suggests that Forex brokers in New Zealand are “generally subject to relatively limited regulation”, where only registration with FSPR, FSCL is required:

Below is the official reply from FMA:

“All foreign exchange dealers that have a place of business in New Zealand must be registered as a financial service provider. As a precondition to registration, financial service providers are required to be members of an approved dispute resolution scheme. More information on registration is available at www.fspr.govt.nz.

Some foreign exchange dealers may be subject to additional regulatory requirements depending on the activities they undertake.

Providing foreign currency exchange services, and associated money remittance services, generally would not require any licence or authorisation (other than registration as a financial service provider) if this is the dealer’s sole activity. These activities are generally subject to relatively limited regulation.

However, foreign exchange dealers who offer foreign exchange futures contracts must be authorised by FMA to deal in futures contracts. ‘Futures contracts’ is defined in the Securities Markets Act 1988, and includes some cash settled derivative products which may not be considered futures contracts for other purposes. It generally includes contracts for difference over foreign exchange pairs and margin foreign exchange products, swaps, or cash settled forward contracts. Authorisations of futures dealers are published in the New Zealand Gazette (www.gazette.govt.nz) and an authorised dealer should be able to provide you proof of its authorisation. However, authorisations are not currently noted on the financial services providers register or published on our website.

Foreign exchange dealers who also provide other financial products or financial services may, depending on what other products or services they provide, be regulated in respect of those other products or services.

We hope this is of assistance.”

Another official reply from FSPR:

“The primary regulator for Brokers would be the Financial Markets Authority.

You can view their contact details and more information about them by clicking here.

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