New Zealand Forex brokers

Forex Regulation in New Zealand

New Zealand Forex brokers
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

BrokerMinimum DepositMaximum LeverageTypeFunding method
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3TG Brokers$300500 : 1ECN/STP & STPBank wire, credit/debit card, Skrill, Webmoney, Neteller, EgoPay, OKPAY, Paysafe
BelforFX$100400 : 1ECN/STP & STPBank wire, credit/debit card
BlackBull Markets$100400 : 1ECN/STPBank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, China UnionPay
Caesar Trade$25500 : 1STPBank Wire, Credit Card, WebMoney, Skrill, Neteller
Divisa Capital (DCFX)$5000100 : 1ECN/STP & DMA/STPBank wire
Excel Markets$200400 : 1DMA/STPBank wire, credit/debit card, Skrill
FX-EDGE$100100 : 1ECN/STPBank wire, credit/debit card, Skrill, Paypal, FasaPay
FXOpen$1500 : 1ECN/STP & Market makerBank wire, credit/debit card, Skrill, WebMoney, Neteller, RBK Money, Payza, China UnionPay, DixiPay, fasapay, QIWI, Yandex Money, Perfect Money, Bitcoin, Litecoin, SorexPay
FXUM$500500 : 1STPBank wire, credit card
FxUnited$251000 : 1DMA/STPBank wire, WebMoney, Skrill, Perfect Money, EzyBonds
Golden Tangent$500400 : 1STPBank wire, debit card
HeartForex$500100 :1ECN/STP & STPBank wire, credit/debit card, Neteller
Key To Markets$100500 : 1ECN/STP & DMA/STPBank Wire, Credit Card, Debit Card, Neteller, Skrill, Safecharge, Postepay, WebMoney, Sofort, GiroPay, Paysafe, Neosurf
KRC (KRCNZ and KRC Group)$200200 : 1ECN/STP & STPBank wire, credit /debit card
LAND-FX$300500 : 1ECN/STP & STPBank wire, credit/debit card, Webmoney, Skrill, Neteller, QIWI, GiroPay, AstroPay, China UnionPay
Lucror FX$50500 : 1STPBank wire, credit card, debit card, Skrill, AlertPay
MGC Forex$100
300 : 1ECN/STP & STPBank wire, Neteller
Mocaz Financial Markets$10300 : 1STPBank wire, credit/debit card, Paypal, Neteller, fasapay
NEXUSFX$25200 : 1STPBank wire
NoaFX$10500 : 1STPBank Wire, Credit Card, Skrill, Neteller, FasaPay, China UnionPay, Payza
Pacific Financial Derivatives (PFD-NZ)$1500 : 1ECN/STP & STPBank wire, credit card/debit card, Skrill, Technocash
Rexor Investments$5400 : 1ECN/STP & STPBank wire, credit/debit card, Skrill, Perfect Money, Fasapay, PayCo
RoboForex$11000 : 1ECN/STP & DMA/STP & Market makerCredit Card, Debit Card, WebMoney, Skrill, Neteller, CashU, China UnionPay, QIWI, FasaPay, AstroPay, Paysafe, Boleto, Todito Cash, DineroMail, Euteller
SaudiQuote$10,000100 : 1ECN/STP & STPBank wire
Solforex$50400 : 1ECN/STPBank wire, credit/debit card, Webmoney, Skrill, Neteller, other e-currency
STONE Global Trading$100-STPBank wire, credit/debit card, Paypal, China UnionPay
Tifia$100400 : 1ECN/STPBank wire, credit/debit card, Skrill, Neteller, Perfect Money, OKPay
Titan FX$200500 : 1ECN/STP & STPBank wire, credit card, Skrill, Neteller
UpFX$100300 : 1DMA/STP & STPcredit/debit card
Velocity Trade$1000100 : 1DMA/STPBank wire, check
xCFD$100200 : 1STPBank wire, Credit Card, Debit Card, Skrill, Neteller, Yandex Money, Moneta, cashU, Bitcoin, China UnionPay, QIWI
Your Trade Choice$1000-Market makerBank wire, Credit Card

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’ isdefined 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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