3 Best Forex Brokers in New Zealand for 2026
Over the past year, we have researched over 80 brokers. We use our proprietary rating system to rank brokers and sort out the best. In this article, I have focused on the best brokers for traders in New Zealand. I made sure to verify FMA regulation for each broker and reviewed the overall trust and transparency as well.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
- The authority on broker reviews since 2011 — traders have relied on our independent broker testing for over a decade.
- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
- Every fact is checked twice — a dedicated editor re-verifies each data point, from licenses to spreads, before publication.
I also focused on region-friendly payment methods, the availability of NZD as the base currency, local support, and any bonuses are available for New Zealanders. I focused on the specific needs of New Zealanders and the ease of use for each broker.
List of Top Forex Brokers and Platforms in New Zealand
*82% of retail CFD accounts lose money.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
IG | 4.7 | 3.8 | $50 | 1:30 (FCA) 1:30 (JFSA) · 1:200 (BMA) · 1:30 (BaFin) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (FINMA) · 1:20 (MAS) · 1:30 (DFSA) · 1:30 (FSCA) | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
BlackBull Markets | 4.4 | 4.2 | $0 | 1:500 (FSA) 1:500 (FMA) | MT5, MT4, TradingView, cTrader, myFXbook, Zulutrade, BlackBull Trade | BlackBull Markets and its associated entities have access to provide over 26000 tradable instruments to clients across all our Trading Platforms. 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). |
Plus500 | 4.3 | 3.3 | $100 | 1:30 (ASIC) 1:30 (FMA) · 1:30 (FSCA) · 1:300 (FSA) · 1:30 (FCA) · 1:20 (MAS) · 1:30 (EFSA) · 1:30 (CySEC) · 1:30 (DFSA) · 1:200 (SCB) | Plus500 Web Platform, Plus500 Mobile App | CFD Service, 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
How Did I Select the Best Brokers in New Zealand?
- I only chose brokers that accept New Zealand residents.
- I only dealt with trustworthy and transparent brokers with top overall scores from our rating review system.
- The focus was on brokers regulated by the Financial Markets Authority (FMA).
- I looked for brokers offering localization in payment methods, offices, or customer support, and those that have NZD as a base currency.
- I only selected brokers that provide low trading fees.
- I chose brokers that have user-friendly and feature-rich platforms.
Best Overall
- $50Min Deposit
- 19234Tradable Instruments
- MediumFees
Why We Picked It
Founded in 1974, IG provides trading opportunities in forex, stocks, indices, commodities, cryptocurrencies, and bonds. IG is regulated by the FMA and other top-tier bodies and offers competitive trading fees, a proprietary platform, and more than 18,000 markets.
Regional Features:
- Regulated by FMA, registration number FSP684191
- Leverage: Up to 1:30
- NZD as a base currency
- NZD-denominated CFD contracts
- NZD in trading pairs
- Local customer support
My test showed that the spreads at IG are excellent overall. The EUR/USD pair fluctuated between 0.6 and 0.9 pips during my test, and US Oil was just $0.02 at the same time, in US trading. The overnight swap fees are generally better than many would expect as well.
In addition to its appealing trading fees, IG’s strength lies in its extensive stock offering, encompassing over 16,000 stocks. The broker also surpasses the industry average by providing access to more than 100 forex pairs. This will allow traders to find plenty of trading opportunities far beyond major pairs.
IG offers a proprietary web platform and mobile app. They also offer L2 Dealer, MetaTrader 4, MetaTrader 5, TradingView, and ProRealTime.
Pros and Cons
- Highly competitive fees.
- Well-regulated broker.
- Feature-rich web and mobile platforms.
- 17,000+ financial instruments.
- Market analysis not as robust as some others.
Best for Professional Traders
- $0Min Deposit
- 1750Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2014 in Auckland, BlackBull has served traders from all around the world. The firm is regulated by the Financial Markets Authority in New Zealand and offers a large number of assets, over 26,000. BlackBull offers TradingView, MT4, MT5, cTrader, BlackBull Invest, and CopyTrader platforms.
Regional Features:
- Regulated by FMA, registration number FSP403326
- Leverage: Up to 1:500
- NZD as a base currency
- NZD-denominated CFD contracts
- NZD in trading pairs
- Local customer support
BlackBull provides a massive and diverse range of markets, allowing you to trade more than 26,000 markets. The range of assets includes forex, indices, cryptocurrencies, commodities, and shares. This gives professional traders a wide range of ways to express their market views.
BlackBull has an extensive stock offering, with over 1,200 stocks available for trading. Beyond its stock offering, BlackBull offers an extensive number of forex pairs, more than 80.
BlackBull has MT4, MT5, cTrader, TradingView, BlackBull Invest, and CopyTrader. The broker offers three trading accounts: ECN Standard, ECN Prime, and Prime+. The ECN offers spreads as low as 0.8 pips, without commission. The ECN Prime offers spreads from 0.0, with commissions of $3 per side, per lot. The Prime+ account is for high-volume traders, with the ability to get cheaper rates and rebates.
For my test, I used the ECN Standard and used MT5. I found the spread in the EUR/USD to be true with the 0.8 pips suggested on the webpage. I also found USD/JPY to be the same, but fluctuating to as high as 1.0 pips.
BlackBull also has a lot of webinars and market research, making it ideal for those looking for a bit of extra analysis to build a trading position on. The speed offered at BlackBull is also adequate for professional traders who need super-fast executions.
Pros and Cons
- Highly competitive fees
- Regulated in New Zealand
- Multiple trading platforms
- 26,000+ financial instruments
- Somewhat limited index coverage
Best Trading Platform
- $100Min Deposit
- 2764Tradable Instruments
- HighFees
Why We Picked It
Plus500 opened in 2008, on the heels of the Great Financial Crisis. The company has proven its strength since then and is even listed on the FTSE 250 in London. While Plus500 is regulated by the FMA in New Zealand, it is actually the Australian entity that is regulated in New Zealand. The company offers over 2,800 instruments for traders to take advantage of.
The trading platform for Plus500 is excellent and very intuitive for traders to use. The mobile version is also excellent and allows quick order execution, as well as a portal to access multiple asset classes.
Regional Features:
- Regulated by FMA, registration number FSP486026
- Leverage: Up to 1:30
- NZD as a base currency
- NZD in trading pairs
- Local customer support
My test was run on the web-based browser platform, and I found the spreads to be excellent, with the EUR/USD pair having an average of 0.8 pips. This platform also includes the +Insights Tool. This tool keeps track of where clients are positioned, giving a quick read of the trader sentiment in the markets you are trading.
The platform also has a large number of trading indicators, making technical analysis fans feel welcome here. I liked the speed of the platform and had no difficulties with order speed or execution. The markets that Plus500 offers include forex, shares, ETFs, cryptocurrencies, indices, commodities, and even options. This allows traders to find an opportunity across nearly any market condition.
Pros and Cons
- Highly competitive spreads with no commissions.
- NZ-regulated broker.
- Feature-rich web and mobile platforms.
- Over 2,800 financial instruments offered.
- No MetaTrader available for those looking to port an Expert Advisor.
All the Brokers We Tested
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About the Authors
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.