Forex & CFD brokers in New Zealand
Compare costs, account features and the legal entity for New Zealand clients. Confirm your eligibility before applying.
Compare 18 brokers
Ranked by Clarity Score
Why this fits: Offshore entity only: Raw Trading Ltd (trading as IC Markets Global) (FSA SD018) — outside FMA's rules · Max leverage there: 500:1 (offshore entity)
The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Varies by entity (entity unverified)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.
Why this fits: Offshore entity only: Tickmill Ltd (FSA) — outside FMA's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Offshore entity only: VT Markets Limited (FSC GB23202269) — outside FMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: Eightcap Global Limited (SCB) — outside FMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: AxiTrader LLC (FSA 4303 LLC 2025) — outside FMA's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: XM Global Limited (FSC 8557558) — outside FMA's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: RoboForex Ltd (FSC 9759600) — outside FMA's rules · Max leverage there: 2000:1 (offshore entity)
A multi-entity CFD broker with education resources, webinars, broad market access and copy trading availability. Entity, leverage and product terms should be verified before depositing.
Why this fits: Offshore entity only: PU Prime Limited (FSA SD050) — outside FMA's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: STARTRADER Financial Markets Limited (FSC GB24203371) — outside FMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
ForexCopy is not compatible with MT5 accounts. Confirm the account and platform before applying.
Why this fits: Country coverage recorded for New Zealand clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 5000:1 (entity unverified)
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
Regulator
FMA
Offering CFDs or margin FX to NZ retail clients requires an FMA Derivatives Issuer licence — one reason many global brands simply do not serve NZ retail clients. Opening an account abroad is not itself an offence for a resident, but check the FMA register first.
Leverage rules
New Zealand has not imposed an EU-style blanket retail leverage cap — licensed issuers set their own leverage and offered levels vary widely. Check the FMA's current settings and the issuer's terms before trading.
Common deposit methods
POLi, Card, Online banking transfer
The account landscape in New Zealand
Our country coverage records include 18 of the 23 platforms for New Zealand clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 9: 9 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 5 register-checked licence numbers so you can verify each firm yourself. On the numbers, the lowest all-in cost option here is IC Markets. Offshore entities advertise more — up to 2000:1 at RoboForex — but that leverage comes without the local regulator's protections.
Which legal entity onboards a New Zealand client
The brand you see isn't always the entity on your client agreement. These are possible entity mappings for New Zealand clients, with licence details to verify on the official register. 9 records map to an offshore entity; confirm that company's terms and whether it accepts your application.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.
Trading costs for New Zealand traders
Lowest all-in cost on our scan: IC Markets. Indicative figures — verify the live schedule before funding.
| Platform | All-in cost | Spread from | Commission | Min deposit | Withdrawal | Max leverage (by route) |
|---|---|---|---|---|---|---|
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same–next day | 500:1 (offshore entity) |
| Tickmill | $···· | 0 pips | $6/lot | $100 | Same–next day | 1000:1 (offshore entity) |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same–next day | 500:1 (entity unverified) |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 (entity unverified) |
| Vantage Markets | $$··· | 0 pips | $6/lot | $50 | Same–next day | 500:1 (entity unverified) |
| VT Markets | $$··· | 0 pips | $6/lot | $100 | Same–next day | 500:1 (offshore entity) |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 daysSame-day cut-off | 500:1 (offshore entity) |
| Axi | $$··· | 0 pips | $7/lot | $0 | 1–3 daysBank transfers | — (offshore entity) |
| RoboForex | $$··· | 0 pips | $4/lot | $10 | Within hours | 2000:1 (offshore entity) |
| PU Prime | $$··· | 0 pips | $7/lot | Account-dependent | InstantReported | 1000:1 (offshore entity) |
| StarTrader | $$··· | 0 pips | $6/lot | $50 | ≤24 hrs | 500:1 (offshore entity) |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | ≤24 hrs | 1000:1 (entity unverified) |
| Moneta Markets | $$··· | 0.1 pips | $6/lot | $50 | 1–2 business daysProcessing; broker-stated | 1000:1 (entity unverified) |
| HYCM | $$··· | 0.1 pips | $4/lot | $20 | 3–7 daysArrival · broker-stated | 500:1 (entity unverified) |
| FXTM | $$$·· | 0.1 pips | $4/lot | $10 | Same–next day | 1000:1 (entity unverified) |
| IG | $$$·· | 0.6 pips | — | $250 | 1–3 daysMethod-dependent | Varies by entity (entity unverified) |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 (offshore entity) |
| InstaForex | $$$·· | — | Check account quote | From USD1 | Method dependent | 5000:1 (entity unverified) |
Trading in New Zealand — questions
Which legal entity could onboard a New Zealand client?
None of the broker records for New Zealand clients maps to a locally authorised entity in our checks. 9 records map New Zealand residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 9 we have not yet mapped the onboarding entity. Local oversight is FMA. Always confirm the entity named on your client agreement and its licence on the official register before depositing.
Which platform has the lowest cost in New Zealand?
Among the 18 platforms in our country records for New Zealand traders, IC Markets has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $200 minimum). Costs change with account type and instrument — verify the live schedule before funding.
What leverage can I use in New Zealand?
New Zealand has not imposed an EU-style blanket retail leverage cap — licensed issuers set their own leverage and offered levels vary widely. Check the FMA's current settings and the issuer's terms before trading. None of these broker records maps New Zealand clients to a locally authorised entity. 9 broker records map New Zealand residents to an offshore entity, where up to 2000:1 is advertised (RoboForex). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for New Zealand clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.