Five Regulated Forex Brokers in NZ

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Overview
The Financial Markets Authority (FMA) is the government agency in New Zealand that is tasked with regulating the financial industry, consisting of different market participants and exchanges.

Traders must ensure they use regulated brokers, some FMA-regulated brokers can be found in the list below.

Blackbull Markets
Blackbull Markets has been in operation since 2014 and is an award-winning online broker headquartered in New Zealand, offering the trade in a variety of CFD and forex instruments.

Pros and Cons

PROS	CONS
Well-regulated	US clients not accepted
STP, ECN, and NDD	Fixed spreads not offered
FIX API trading supported

Velocity Trade
Velocity Trade has been in operation since 2007 and is one of the leading global forex brokers in New Zealand that caters for a variety of traders, from beginners to professionals.

Pros and Cons

PROS	CONS
Multiple financial services offered	Limited payment methods
Multiple tradable financial instruments	Limited education
Multi-regulated

Pros and Cons

PROS	CONS
Multi-regulated	No US clients
More than 2,000 instruments	No fixed spreads
FSCS member	Limited education

CMC Markets
CMC Markets has been in operation since 1989, offering traders with access to more than 10,000 tradable financial instruments which can be traded through powerful platforms.

Pros and Cons

PROS	CONS
Strict regulation	No US clients
FSCS member	Marked-up spreads
Powerful trading platforms	No fixed spreads

You might also be interested in: The truth about forex trading

IG
IG is a large, popular, well-regulated, and well-established global broker that offers traders with more than 16,000 financial instruments and competitive trading conditions.

Pros and Cons

PROS	CONS
Multi-regulated in several jurisdictions	Limited online payment processors
Tight spreads, low commissions, fast execution
Convenient funding methods