New Zealand Forex brokers

New Zealand based 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 Forex brokers.
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:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Type Country Regulation Minimum deposit Maximum leverage Minimal lot size Deposit method Spreads EUR/USD
BelforFX ECN/STP, STP New Zealand $100 400 : 1 - Mini account
400 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card 3 pips - Mini account
3 pips - Standard account
0.4 pips - ECN account
BlackBull Markets ECN/STP New Zealand FSPR, FSC $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, NETELLER, China UnionPay 0.1 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
Circle Markets ECN/STP, STP New Zealand FSPR, FSC $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Wire Transfer, NETELLER, FasaPay, Skrill, PayPal, PYEER
Divisa Capital ECN/STP, DMA/STP New Zealand FSPR, FSC, FCA, Central Bank of Armenia $5000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire 0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
Fullerton Markets ECN/STP, STP New Zealand FSPR $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, NETELLER, FasaPay, Skrill 2 pips - Mini account
2 pips - Standard account
0.6 pips - ECN account
FXOpen ECN/STP, Market Maker New Zealand ASIC, FCA $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.001 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, Skrill, WebMoney, NETELLER, RBK Money, Payza, China UnionPay, ePayments Transfer, FasaPay, QIWI, Yandex Money, Perfect Money, OKPAY, Bitcoin, Litecoin, Namecoin, SorexPay, NETBANX, IntellectMoney, Paysafecard, Giropay, Gluepay, Sofort, Ethereum
FXPIG STP New Zealand FSPR $500 400 : 1 - Mini account
400 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
Bank Wire, Credit Card, Debit Card, NETELLER, Skrill, Prepaid MasterCard
FxUnited STP, Market Maker New Zealand $25 200 : 1 - Mini account
200 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, WebMoney, Skrill, Perfect Money, Ezybonds 3 pips - Mini account
3 pips - Standard account
Golden Tangent STP New Zealand $500 400 : 1 - Mini account
100 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Debit Card 2.2 pips - Mini account
2.2 pips - Standard account
HeartForex STP New Zealand FSC $1 1000 : 1 - Mini account
200 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, China UnionPay, I-Account 2 pips - Mini account
1.3 pips - Standard account
Key To Markets ECN/STP, STP New Zealand FSPR, FSC, FCA $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, NETELLER, Skrill, China UnionPay, Postepay, WebMoney, Sofort, Paysafecard, Neosurf, Giropay 1 pips - Mini account
1 pips - Standard account
0.2 pips - ECN account
KRC (KRCNZ and KRC Group) ECN/STP, STP New Zealand FSPR $200 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
0.1 - Mini account
0.1 - Standard account
0.1 - ECN account
Bank Wire, Credit Card, Debit Card, PayPal, IPS, CUPS
Lucror FX STP New Zealand FSPR, FSC $50 500 : 1 - Mini account
500 : 1 - Standard account
0.01 - Mini account
0.1 - Standard account
Bank Wire, Credit Card, Debit Card, Skrill, AlertPay 2 pips - Mini account
1.5 pips - Standard account
MahiFX Market Maker New Zealand ASIC, FSPR $1 100 : 1 - Mini account
100 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Credit Card, Debit Card 0.5 pips - Mini account
0.5 pips - Standard account
Milton Markets DMA/STP New Zealand FSC, FSPR, FSC $250 800 : 1 - Mini account
800 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Credit Card, NETELLER 1.5 pips - Mini account
0.1 pips - Standard account
Pacific Financial Derivatives (PFD-NZ) ECN/STP, STP New Zealand FMA New Zealand, FSPR, FDR $1 300 : 1 - Mini account
300 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, Skrill, NETELLER, POLi, Giropay, China UnionPay, Sofort 0.4 pips - Mini account
0.4 pips - Standard account
SaudiQuote ECN/STP, STP New Zealand $10000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
3.5 - ECN account
Bank Wire 1.5 pips - Mini account
1.5 pips - Standard account
0.3 pips - ECN account
Solforex ECN/STP, STP New Zealand FSPR $200 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, Skrill, NETELLER 1.5 pips - Mini account
1.5 pips - Standard account
0.1 pips - ECN account
Tifia ECN/STP New Zealand, UAE FSPR $100 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, Skrill, Perfect Money, OKPAY, FasaPay, NETELLER 0.8 pips - Mini account
0.8 pips - Standard account
Titan FX ECN/STP, STP New Zealand FSPR $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
Bank Wire, Credit Card, Debit Card, NETELLER, Skrill, Bitcoin, China UnionPay 1 pips - Mini account
1 pips - Standard account
0.1 pips - ECN account
VENUSFX STP New Zealand $100 500 : 1 - Mini account
500 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
Bank Wire, Credit Card, Debit Card 1 pips - Mini account
1 pips - Standard account

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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72 Comments

New Zealand Licensed Brokers list is below:
https://fma.govt.nz/compliance/lists-and-registers/licensed-derivatives-issuers/
Listing by 100 Forex Brokers is misleading

IGOFX is registered in the Republic of Vanuatu, where it’s regulated by Vanuatu FSC.

Brightwin, yes, they have FSPR (FSP341066) in New Zealand.

Hi, may I ask, is IGOFX currently regulated?

This broker – Brightwin Securities and Finance Limited

https://www.brightwinsecurities.com/en/

Venus FX is not regulated.
City Wealth broker – yes, regulated (FSP293006)
(https://www.companiesoffice.govt.nz/fsp/app/ui/fsp/record/liveSearchFsp.do?q=City+Wealth+Group)

Whether if City Wealth is regulated broker or not? FSP293006

Is Venus Fx a registered broker? Currently we facing some issue with this broker. They failed to return the amount that we deposited. They keep on broke the promises that given to us.

IGOFX is registered in the Republic of Vanuatu (regulation: Vanuatu FSC).

Is IGOFX a registered force broker in New Zealand?

GDMfx (Global Derivative Capital Markets Ltd) – de-registered from FSPR on July 8, 2016.
(Former reg.#FSP238465)
The broker is currently not regulated.

How about GDMfx is it a regulated broker

NoaFX is not regulated. Have not had scam reports yet.
You check here: https://www.business.govt.nz/fsp/about-the-fspr/searching-the-fspr

i am trying to get my money from noafx but nothing. this broker is scam? is regulated? where i check the regulation license?

IGOFX (Igo Holding Ltd) – Deregistered on Sept 09, 2014 from FSPR NZ (former reg.# FSP291786)
They are not regulated at the moment.

Hi,
May I know IGoFx is a regulated broker in new zealand? I have tried to call their contact number but the number is not in service as per telephone operator. Details as follows:-
Address: Unit 8b, 17 Albert St., Auckland, 1010 New Zealand.
Contact No.: +64 9 889 4398
Support Department: [email protected]
Account Department: [email protected]

Hi Boss, please check for me the status of Venus Financial Markets Ltd. http://www.venusfx.com

Indeed. Thank you!
Will be listed.

You don’t have FXPig

https://www.fxpig.com/learn

Premier Interchange Gateway LP
228 Queen Street 4th Floor
Auckland, New Zealand 1010

Pls check FXUnited . . saw somewhere that they have only one/sole shareholder – a lady living in Southport, Australia – Is that possible?

Jay trader

Is Venus Financial Markets Ltd or venusfx registered with the New Zealand authorities?

Yes, VenusFX (VENUS FINANCIAL MARKETS Ltd) is incorporated in New Zealand and registered with FSPR.

Yes, FxUnited (United Global Holdings Ltd) is registered in New Zealand, and is legal.

Is Venusfx a broker registered in New Zealand

Is FXunited legal forex trading company in New Zealand?

Thank you!
It’s now listed.

How about FX united ? not is the list at all.
It was said to be registered in NewZealand, but not in the broker list ? Could it be a scam company ?
Expert out there, pls help to advise

Please advise me if FX United is regulated broker or not.

Fxunited registed in NZ broker firm?

large brokers often have own offices in key countries. Although they might not necessarily have a NZ website for it.

can I ask anybody out there what the new rules on providing liquidity to a new Zealand fx broker are?
I know you need to be regulated in NZ to take a NZ client , but does that extend to brokers as well.
Ie could an FXCM, Gain , Sucden etc ( non nz regulated ) simply be a liquidity provider to Titan or Saudi quote or velocity etc ( nz regulated )

many thanks

chris laird
+447801760401
[email protected]

Nexusfx is not found in the FSP Register.
Their site also is not functioning.. You can’t open a live account, or any account. Many links simply don’t work.

Hi Broker Guru, want to the registration number for Nexusfx in New Zealand. FSP number, pls….

Belmore FX is scam broker

Hi

Looking for a stable and reliable forex brokers in Singapore? Any recommendation?

Dennis

MGCFx (mgcforex.com) is not found in the FSP NZ register. The company only has support office in New Zealand, while the business is registered in the St.Vincent and the Grenadines (under CT Capital Inc.)

Hi,
Is MGCFOREX – Mortgage Capital Investments Ltd. Legally registered company in New Zealand?

OGL trader – OFX Group Limited – is not found in the NZ FSP register.

Is OGL trader a licensed broker?

HerefordFX – Hereford Investment Holdings Ltd – is not found in the New Zealand’s FSP register.
Their company registration address is: #12 Oliaji Trade Centre, P.O. Box 1377, Victoria Mahe Seychelles.

By being a Seychelles company, they have no relation to New Zealand’s registry.

does http://www.herefordfx.com a New Zealand forex broker and if so is it a regulated / licensed entity?

Nexusfx is not regulated.

FxUnited – registered in New Zealand FSP394667 (http://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP394667/8.do)

Union Markets Limited (FXUM) – no longer registered – de-registered from FSPR in NZ (http://www.business.govt.nz/fsp/app/ui/fsp/version/searchSummaryCompanyFSP/FSP257325/32.do)

hi guys,

just wana confirm…is Nexusfx a regulated broker??

Is Fx united is registered in New-Zealand? I see 87 % of their traffic comes from Malaysia

I don’t think Union Market FX is regulated. They are not in the FSCL list

FxTune Market Ltd is registered in Saint Vincent and the Grenadines, and is not regulated.

fxtune regulated or not?

Nexusfx is not regulated.

nexusfx.com regulated or noted?

Thank you!
Will be listed.

Your tarde choice¿ trade internacional ?FSP386046?

Hello,

do they have a company site? We can’t seem to find them in Google search?

Hi , I would like to check with you about this company name Dcw consultant limited . Is this a licenses register company in nz ?

Yes, thank you!
will be added too.

Did mgc forex registered in new zealand?

Thank you! Will be added.

please also add the below Broker in list :

https://rinvestments.com/about-us/business-locations.html

Dear Masud karim,

This is the case when you need to contact the broker directly, since:

– their website doesn’t contain any information about regulation
– CFD1000 (CFD 1000 Limited), registered in New Zealand – is not found in the FSP Register (http://www.business.govt.nz/fsp/about-the-fspr/searching-the-fspr)
– 1000TradingGroup Corporation, with headquarters in UK – is not found in the FSA UK register (http://www.fsa.gov.uk/register/firmSearchForm.do)

Dear sir,

Can you ensure me about CFD1000.com for regulated broker in newzeland. because i need to check this broker before deposit my money. please reply me

thanks
Masud karim

Yes, FXUM is registered in New Zealand (FSP 4068018).

Will be added to the list.
Thank you!

Hi
is Union Markets Limited (FXUM) a registered forex broker?

Is Union Market Limited FX a registered brokerage?
http://www.fxum.com/
They mention customer funds “Client segregated accounts maintained with New Zealand Financial Service Provider (FSP)”.
From my understanding of NZ FSPR, there is no mention of segregated accounts requirements.

Please advise

Thanks.

is bdo register with FSPR?

Is it fx citizen is register with FSPR?

their current status is:
“FSP status: Deregistered”

RSM Financial holdings and Alliance Limited—————–FSP–nO—fsp314306

please details

Thank you!

did fxunited.com broker forex NZD?

Thank you!

does http://www.forfx.com is a New Zealand forex broker?

Thank you!

I couldn’t find Excel markets- it’s name is Globel Brokers NZ limited.It was established in 2002.

The tel.no is +64 44880021

thanks
henryluk +852 59389366