Best Regulated FX & CFD Trading Platforms in New Zealand
For traders in New Zealand, selecting the right Forex and CFD broker involves balancing the robust local oversight of the Financial Markets Authority (FMA) with the competitive features offered by top international providers. The ideal broker must deliver on security, cost-effectiveness, platform technology, and market access to meet the demands of Kiwi traders.
This guide provides an in-depth, updated analysis of the top 10 brokers serving the New Zealand market in 2025. By evaluating each provider on their verified regulatory status, trading conditions, and technological offerings, this review aims to equip you with the essential information to choose a trading partner that perfectly aligns with your strategy.
Top 10 FX & CFD Brokers in New Zealand
Here is a detailed breakdown of the leading brokers, assessing their core offerings, strengths, and potential drawbacks for New Zealand traders.
1. INFINOX
|
INFINOX Broker Details |
|
|
Regulators |
FSC, SCB, FCA |
|
Min Deposit |
$1 NZD |
|
Trading Platforms |
MetaTrader 4, MetaTrader 5, IX Social, IX SYNC |
|
Trustpilot Rating |
4.7 out of ~1,200+ reviews |
|
Number of CFD Instruments |
900+ |
|
Leverage |
Up to 1:1000+ (International) |
|
Spread EUR/USD |
From 0.2 pips (ECN), 0.9 pips (STP) |
|
Forex Commission per Lot |
Varies by account
9 NZD round turn on ECN Account |
|
Deposit/Withdrawal Methods |
Visa, Mastercard, Skrill, Neteller, Bank Wire |
INFINOX stands as the best CFD Broker in New Zealand for traders prioritizing value, flexibility, and powerful technology. Its multi-jurisdictional regulation under respected bodies like the UK's FCA provides a robust framework for client fund safety, including segregated accounts and negative balance protection. The broker’s key advantage lies in its versatile account structure: a zero-commission STP account for ultimate cost simplicity and a raw-spread ECN account for high-volume traders.
Furthermore, INFINOX excels with its proprietary IX Social platform, a leading-edge copy trading solution that allows traders to follow and learn from experienced market participants. This commitment to ultra-low costs, high leverage, and innovative technology makes it a superior choice in the New Zealand market.
Key Pros
- Offers a true zero-commission trading account, providing exceptional value.
- Advanced proprietary social and copy trading platform (IX Social).
- High leverage options available for maximum trading flexibility.
- Strong global regulatory oversight ensures high safety standards.
Key Cons
- The range of niche or exotic instruments is more focused compared to brokers with tens of thousands of assets.
2. BlackBull
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BlackBull Markets Broker Details |
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Regulators |
FMA (New Zealand), FSA |
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Min Deposit |
$0 |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, cTrader, TradingView |
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Trustpilot Rating |
4.8 out of ~2,300+ reviews |
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Number of CFD Instruments |
26,000+ |
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Leverage |
Up to 1:500 (FMA Retail) |
|
Spread EUR/USD |
From 0.0 pips (ECN Prime) |
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Forex Commission per Lot |
~$7 NZD round turn (ECN Prime) |
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Deposit/Withdrawal Methods |
Visa, Mastercard, Skrill, Neteller, Bank Transfer |
As a homegrown broker, BlackBull Markets is the premier FMA-regulated choice for Kiwi traders. It is renowned for its true ECN execution, offering deep liquidity and rapid execution speeds. The broker's headquarters in Auckland provides excellent, localized customer support. With a vast instrument range and full integration with advanced platforms like TradingView and cTrader, it is a top choice for serious traders seeking local regulatory protection.
Key Pros
- Fully FMA-regulated and based in New Zealand.
- True ECN execution with deep liquidity and fast speeds.
- Excellent selection of advanced trading platforms.
Key Cons
- The standard account has wider spreads than its ECN offerings.
3. CMC Markets
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CMC Markets Broker Details |
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Regulators |
FMA (New Zealand), FCA, ASIC, CIRO |
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Min Deposit |
$0 |
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Trading Platforms |
Next Generation Platform, MetaTrader 4 |
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Trustpilot Rating |
4.1 out of ~2,300+ reviews |
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Number of CFD Instruments |
12,000+ |
|
Leverage |
Up to 1:500 (FMA Retail) |
|
Spread EUR/USD |
From 0.7 pips |
|
Forex Commission per Lot |
$0 |
|
Deposit/Withdrawal Methods |
Credit/Debit Card, Bank Transfer, PayPal |
CMC Markets is a top-tier FMA-regulated broker that stands out for its enormous product range, offering over 12,000 instruments. Its proprietary "Next Generation" platform is a powerhouse of analytical tools, featuring advanced charting, pattern recognition scanners, and comprehensive client sentiment data. This makes it an ideal choice for traders who want deep market access combined with sophisticated, built-in analytical capabilities.
Key Pros
- Fully FMA-regulated with a long-standing global presence.
- Massive instrument range, including thousands of shares and ETFs.
- Advanced proprietary platform with exceptional research tools.
Key Cons
- The platform can be feature-heavy and complex for absolute beginners.
4. IG
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IG Markets Broker Details |
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Regulators |
FMA (New Zealand), FCA, ASIC, BaFin |
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Min Deposit |
$0 |
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Trading Platforms |
Proprietary Platform, MetaTrader 4, ProRealTime, L2 Dealer |
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Trustpilot Rating |
4.0 out of ~8,100+ reviews |
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Number of CFD Instruments |
19,000+ |
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Leverage |
Up to 1:400 (FMA Retail) |
|
Spread EUR/USD |
From 0.6 pips |
|
Forex Commission per Lot |
$0 |
|
Deposit/Withdrawal Methods |
Visa, Mastercard, PayPal, Bank Transfer |
IG Markets is a global leader and one of the most trusted brokers in New Zealand, holding an FMA license alongside multiple other Tier-1 regulations. It offers a market-leading selection of over 19,000 instruments and is highly regarded for its award-winning educational content and research. Its robust proprietary platform and unwavering commitment to security make it a top choice for traders at all levels.
Key Pros
- Top-tier FMA regulation and status as a publicly listed company.
- Enormous market access with over 19,000 instruments.
- Excellent educational resources for beginner and advanced traders.
Key Cons
- Spreads, while competitive, are not as low as ECN-focused brokers.
5. Plus500
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Plus500 Broker Details |
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Regulators |
FMA (New Zealand), ASIC, CySEC |
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Min Deposit |
$200 NZD |
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Trading Platforms |
Proprietary WebTrader & Mobile App |
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Trustpilot Rating |
4.2 out of ~16,600+ reviews |
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Number of CFD Instruments |
2,800+ |
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Leverage |
Up to 1:300 (FMA Retail) |
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Spread EUR/USD |
From 0.8 pips |
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Forex Commission per Lot |
$0 |
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Deposit/Withdrawal Methods |
Visa, Mastercard, PayPal, Skrill, Bank Transfer |
Plus500 is an FMA-regulated broker renowned for its incredibly intuitive and user-friendly proprietary trading platform. It is an excellent starting point for beginners who want a clean, simple interface without the complexity of platforms like MetaTrader. Operating on a spread-only model with no commissions, Plus500 provides a straightforward trading experience across a wide range of popular CFDs.
Key Pros
- Fully FMA-regulated and a publicly traded company.
- Exceptionally easy-to-use platform, ideal for beginners.
- Guaranteed stop-loss orders available for risk management.
Key Cons
- Lacks advanced analytical tools and does not support automated trading (EAs).
6. AvaTrade
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AvaTrade Broker Details |
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Regulators |
ASIC, CBI (EU), FSA (Japan) |
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Min Deposit |
$100 NZD |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGo |
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Trustpilot Rating |
4.7 out of ~10,600+ reviews |
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Number of CFD Instruments |
1,250+ |
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Leverage |
Up to 1:400 (International) |
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Spread EUR/USD |
Fixed from 0.9 pips |
|
Forex Commission per Lot |
$0 |
|
Deposit/Withdrawal Methods |
Visa, Mastercard, Skrill, Neteller, PayPal |
AvaTrade is a globally respected broker known for its multi-platform offering and its focus on fixed spreads, which provides cost predictability for traders. It offers a range of platforms including the popular MetaTrader suite and its user-friendly AvaTradeGo mobile app. Unique tools like AvaProtect™ offer a form of trade insurance, making it an attractive option for risk-conscious traders.
Key Pros
- Offers fixed spreads for predictable trading costs.
- Innovative risk management tools like AvaProtect™.
- Strong international regulatory framework.
Key Cons
- Fixed spreads are generally wider than the variable spreads of ECN brokers.
7. Pepperstone
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Pepperstone Broker Details |
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Regulators |
ASIC, FCA, CySEC, BaFin |
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Min Deposit |
$0 (Recommended $200) |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, cTrader, TradingView |
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Trustpilot Rating |
4.5 out of ~3,100+ reviews |
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Number of CFD Instruments |
1,200+ |
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Leverage |
Up to 1:500 (International) |
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Spread EUR/USD |
From 0.0 pips (Razor Account) |
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Forex Commission per Lot |
~$7 NZD round turn (Razor Account) |
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Deposit/Withdrawal Methods |
Visa, Mastercard, PayPal, POLi, Skrill, Neteller |
Pepperstone is a top-tier broker renowned for its high-speed execution and exceptionally low-cost trading environment. Its Razor account offers raw spreads from 0.0 pips, making it a favorite among scalpers, algorithmic traders, and high-volume professionals. With support for a wide range of advanced platforms, including cTrader and TradingView, Pepperstone is ideal for technically-focused traders.
Key Pros
- Extremely fast execution speeds and access to deep liquidity.
- Excellent selection of advanced trading platforms including TradingView.
- Very competitive raw spreads starting from 0.0 pips.
Key Cons
- Educational resources are less comprehensive than some competitors.
8. TMGM
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TMGM Broker Details |
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Regulators |
FMA (New Zealand), ASIC, VFSC |
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Min Deposit |
$100 |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, IRESS |
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Trustpilot Rating |
4.2 out of ~600+ reviews |
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Number of CFD Instruments |
12,000+ |
|
Leverage |
Up to 1:500 (FMA Retail) |
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Spread EUR/USD |
From 0.8 pips (Standard), 0.0 pips (ECN) |
|
Forex Commission per Lot |
~$10 NZD round turn (ECN Account) |
|
Deposit/Withdrawal Methods |
Visa, Mastercard, Bank Transfer, Skrill |
TMGM (TradeMax Global Markets) is an FMA-regulated broker that offers access to an impressive range of over 12,000 instruments. A key feature is the availability of the professional-grade IRESS platform, which provides direct market access for equity traders. This, combined with standard and ECN account options on MT4/MT5, makes it a strong contender for diversified traders.
Key Pros
- Fully FMA-regulated for local client protection.
- Vast selection of over 12,000 tradable instruments.
- Offers the IRESS platform for DMA trading.
Key Cons
- ECN commission is higher than some low-cost leaders.
9. Admiral Markets
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Admirals Broker Details |
|
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Regulators |
ASIC, FCA, CySEC |
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Min Deposit |
$100 NZD |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition |
|
Trustpilot Rating |
4.4 out of ~2,000+ reviews |
|
Number of CFD Instruments |
8,000+ |
|
Leverage |
Up to 1:500 (International) |
|
Spread EUR/USD |
From 0.5 pips |
|
Forex Commission per Lot |
Varies by account |
|
Deposit/Withdrawal Methods |
Bank Transfer, Visa, Mastercard, PayPal, Skrill |
Admirals is a well-regulated broker with a strong emphasis on enhancing the MetaTrader experience. Its "MetaTrader Supreme Edition" plugin provides a suite of over 60 additional tools and indicators, significantly boosting the platform's analytical capabilities. Combined with extensive educational resources and deep market liquidity, Admirals is a strong choice for serious technical traders who rely on the MT4/MT5 ecosystem.
Key Pros
- Powerful MetaTrader Supreme Edition plugin offers advanced tools.
- Excellent educational content and market analysis.
- Strong multi-jurisdictional regulation.
Key Cons
- Can charge inactivity fees.
10. FxPro
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FxPro Broker Details |
|
|
Regulators |
FCA, CySEC, SCB |
|
Min Deposit |
$100 NZD |
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Trading Platforms |
MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
|
Trustpilot Rating |
4.2 out of ~1,300+ reviews |
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Number of CFD Instruments |
2,100+ |
|
Leverage |
Up to 1:200 (International) |
|
Spread EUR/USD |
From 0.5 pips (variable) |
|
Forex Commission per Lot |
0onMT4/MT5, 0 on MT4/MT5, ~0onMT4/MT5,
7 NZD R/T on cTrader |
|
Deposit/Withdrawal Methods |
Bank Transfer, Visa, Mastercard, PayPal, Skrill |
FxPro is a reputable broker known for its professional trading environment and commitment to no-dealing-desk (NDD) execution. It offers a broad choice of platforms, including MT4, MT5, cTrader, and its own proprietary platform, catering to a wide range of trading preferences. With fast execution and a strong track record, FxPro is a reliable choice for traders who value execution quality.
Key Pros
- No-dealing-desk execution model ensures transparency.
- Excellent selection of trading platforms.
- Strong regulatory oversight from the UK's FCA and CySEC.
Key Cons
- Spreads can widen significantly during periods of high volatility.
How to Choose the Best Forex Broker for Your Needs
Selecting the right broker is a personal decision that depends on a trader's strategy, experience level, and financial goals. Industry experts suggest evaluating brokers based on a few core principles.
- Prioritise Regulation and Security: The safety of funds is non-negotiable. For maximum local protection, traders should prioritise FMA-regulated brokers like BlackBull Markets or CMC Markets. Alternatively, a globally regulated broker like INFINOX, with oversight from top-tier bodies like the FCA, demonstrates a strong commitment to high safety standards, while often providing access to more competitive features like higher leverage.
- Analyse the Full Cost of Trading: It is important to look beyond advertised spreads. Traders should consider commissions, overnight swap fees, and any potential inactivity charges. A zero-commission account, such as the INFINOX STP account, can offer significant value and simplicity, while an ECN account may be more cost-effective for high-volume trading.
- Assess the Trading Style: A trader's approach is paramount. For example, a scalper needs lightning-fast execution and razor-thin spreads, while a swing trader may value robust charting tools and lower swap fees. For those new to the markets, a broker with a strong social trading platform like IX Social might be a perfect fit.
- Evaluate Platforms and Tools: The trading platform is the trader's gateway to the markets. It is crucial to test a broker’s platform through a demo account to ensure it is stable, intuitive, and equipped with the necessary tools. INFINOX provides both the industry-standard MT4/MT5 and its innovative IX Social and IX SYNC platforms to cater to diverse needs.
Ultimately, the best broker is one that aligns with a trader's journey. By offering a blend of competitive costs, advanced technology, and unwavering support, INFINOX positions itself as a trusted partner in the financial markets.
Broker Comparison Table (2025)
|
Feature |
INFINOX |
BlackBull Markets |
CMC Markets |
IG Markets |
Plus500 |
AvaTrade |
Pepperstone |
TMGM |
Admirals |
FxPro |
|
Primary NZ Regulation |
FCA, SCB |
FMA |
FMA |
FMA |
FMA |
ASIC, CBI |
ASIC, FCA |
FMA |
ASIC, FCA |
FCA, CySEC |
|
Typical EUR/USD Spread |
From 0.2 pips |
From 0.0 pips |
From 0.7 pips |
From 0.6 pips |
From 0.8 pips |
Fixed 0.9 pips |
From 0.0 pips |
From 0.0 pips |
From 0.5 pips |
From 0.5 pips |
|
Commissions (ECN/Raw) |
$0 on STP |
~$7 NZD R/T |
$0 |
$0 |
$0 |
$0 |
~$7 NZD R/T |
~$10 NZD R/T |
Varies |
~$7 NZD R/T |
|
Platforms |
MT4/5, IX Social |
MT4/5, cTrader, TV |
Prop., MT4 |
Prop., MT4 |
Proprietary |
MT4/5, Prop. |
MT4/5, cTrader, TV |
MT4/5, IRESS |
MT4/5 Supreme |
MT4/5, cTrader |
|
Unique Feature |
Best Value CFD Broker |
NZ Based ECN |
12k+ Markets |
19k+ Markets |
Beginner Friendly |
Fixed Spreads |
Fast Execution |
IRESS Platform |
MT5 Add-ons |
NDD Execution |
|
Trustpilot Rating |
4.7 / 5.0 |
4.8 / 5.0 |
4.1 / 5.0 |
4.0 / 5.0 |
4.2 / 5.0 |
4.7 / 5.0 |
4.5 / 5.0 |
4.2 / 5.0 |
4.4 / 5.0 |
4.2 / 5.0 |
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