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3 Best New Zealand Forex Brokers (May 2024)

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Exploring the dynamic world of Forex trading reveals New Zealand as a key player, despite its relatively modest size on the global stage. The country's Forex market is buoyed by a range of top-notch brokers, each offering distinct benefits to those navigating the complex and often volatile currency markets.

This guide delves into the best Forex brokers available in New Zealand, catering to the diverse needs of traders at all levels – from beginners making their first foray into the financial markets to seasoned traders seeking advanced trading capabilities. The choice of the right broker is critical, not only for enhancing the overall trading experience but also for boosting profitability and accessing valuable educational and analytical tools.

Below are the current top 3 forex brokers in New Zealand.

Warning: Regardless of broker choice or capital deployment, investing always brings a level of risk that must be understood and considered.

1. BlackBull Markets

BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman. Since then, BlackBull Markets has served tens of thousands of traders from over 180 countries and established itself as a trusted and regulated ECN broker offering access to more than 26,000 tradable instruments including stocks, forex, CFDs, and commodities.

How to Register with BlackBull Markets?

BlackBull Markets provides access to diverse markets on all accounts, offering superior trade execution, competitive costs, and a wide range of tradable products. These include 70 currency pairs, major market indices, precious metals like gold and silver, and commodities such as gas, and oil.

Forex traders have access to 70+ currency pairs with low-cost spreads, with leverage up to 1:500, spreads from 0.0 pips, and an average execution speed of less than 20ms.

Trade popular share CFDs like Tesla, Apple, and Amazon without having to own the underlying asset.

BlackBull Markets offers shares from all major share markets. Trade CFDs with 24/7 customer service, lightning-fast execution, and adequate leverage.

BlackBull Markets is licensed to operate and are physically located in New Zealand.

Black Bull Group Limited (trading name: BlackBull Markets) is a company registered and incorporated in New Zealand (Company Number 5463921, NZBN 9429041417799) located at Level 20, 188 Quay St Auckland 1010. Black Bull Group Limited is a registered Financial Services Provider (FSP403326).

Black Bull Trade Limited is a New Zealand limited liability company incorporated and registered under the laws of New Zealand, with NZBN 9429049891041 and registered address Floor 20, 188 Quay Street, Auckland Central, Auckland 1010, New Zealand. Black Bull Trade is registered FSP1002113.

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Read our BlackBull Markets Review or visit BlackBull Markets.

2. Vantage FX

Vantage FX – This is a well-trusted international broker offering an excellent all-around service to traders. They work hard to provide and maintain a very safe trading environment, and provide a good level of accessibility to traders at all levels with their competitive fees and minimum deposit requirements.

Unleash Your Potential, Reborn A Trader

This reputable broker offers both of the leading trading platforms MT4 and MT5. This means you can have access to the webtrader, desktop, or mobile variations of these trading platforms through this broker. Both platforms are award-winning for the functionality they provide, including a technical depth and prowess that makes them suitable for new and experienced traders alike.

You will have access to dozens of charting tools and indicators across all variations of the platform that prioritizes the ability to customize your trading experience. On mobile, the platforms are equally as powerful with access to the same detailed functions in an easy-to-use app.

Read our Vantage FX Review or visit Vantage FX

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


FXTM – FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world. They have fast become one of the top forex brokers in the entire sector.

Global Leader in Trading and Investing | FXTM Gives You More

The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.

This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for all.

Read our FXTM Review or Visit FXTM.

Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Regulation in New Zealand

Regulations in New Zealand are fairly straightforward.

The broker needs to comply with all of the rules that are set by FMA (Financial Markets Authority).

The broker also needs to be registered with the FSPR (Financial Service Providers Register). If you find a broker and they do not accept investments from residents of New Zealand, it is most likely because they are not registered. Should any investors have complaints these  can be filled with FSCL agency or Financial Services Complaints, that handles complaints of all brokers based in New Zealand.

What is the FMA (Financial Markets Authority)?

The Financial Markets Authority is the government agency responsible for the regulation of financial markets in New Zealand.

They take a risk-based approach to monitoring and surveillance. They prioritise resources to those participants or practices that present the greatest risk to fair, efficient, and transparent financial markets.

They have various tools available to deliver a timely, effective, and proportionate response to identified non-compliance.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.