Top 8 Forex Brokers in New Zealand - May 2019

Find the best Forex Broker for you & Start trading instantly!

May 2019
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Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.
RANK
BROKER
SPECIAL
OFFER
MIN
DEPOSIT
SPREADS
FROM
USER
SCORE
MAX
LEVERAGE
REGULATION
SUPPORT
START
TRADING
1
Deal Cancellation Within an Hour
$100
1 PIPs
400:1
ASIC (Australia)
Special Features
  • dealCancellation
  • Market News
  • Trading Charts
  • Trade Simulator
  • Financial Calendar
Cryptocurrencies
Platform & Devices
  • easyMarkets Web
  • easyMarkets MT4
  • easyMarkets for iOS
  • easyMarkets for Android
2
Negative Balance Protection (T&C apply)
$100
2 PIPs
294:1
ASIC & FMA (New-Zealand)
Special Features
  • Guaranteed Stop
  • Price Alerts
  • Trailing Stop
  • Negative Balance Protection
  • Crypto Weekend Trading
Platform & Devices
  • Plus500
3
up to 50% up to $20,000
$100
1 PIPs
400:1
FSA, BVIFSC, ASIC, CBI
Special Features
Cryptocurrencies
  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple
  • Dash
Platform & Devices
  • AvaTradeAct
  • AvaTradeGo
  • Mac Trading
  • Meta Trader 4
4
Demo Contest
Prize $24,000
*applicable to FT Global Limited
$5
0.1 PIPs
Flexible
*Depending on country of residence, knowledge and experience
CySEC, FCA, IFSC
5
No Bonus
$ 10
0.5 PIPs
500:1
CySEC
6
Free Trading Central Access
$100
1.5 PIPs
400:1
*for professional traders
CySEC
7
No Bonus
$500
3.3 PIPs
30:1
CySEC
8
Negative Balance protection
$250
0.3 PIPs
500:1
CySEC
1
Deal Cancellation
97
Users Score
2
Negative Balance Protection
95
Users Score
3
up to 50%
92
Users Score
4
Demo Contest
Prize $24,000
89
Users Score
5
No Bonus
86
Users Score
6
Free Trading Central Access
83
Users Score
7
No Bonus
80
Users Score
8
Negative Balance protection
77
Users Score
Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Trading Forex in New Zealand: The Local Forex Market

New Zealand is a relatively new entrant into the retail Forex trading industry. Fortunately, it is a viable and thriving economy with huge demand for currencies. There are regulatory guidelines and frameworks in place in New Zealand which are designed to prevent financial abuse. Read More>>>

Latest Expert Reviews Summary:
"As an experienced trader, I've enjoyed working with easyMarkets. They offer great options and low spreads ."
Score: 9.5 Written on: 04.11.2017
Pros
  • Deal Cancellation Feature – up to 60 min after openning a trade.
  • Demo Account and Live Account
  • MT4 platform
  • 1:400 leverage
  • Deal Cancellation feature 
  • 5 stars rating on TrusPilot from 296 reviews
Cons
  • Not accepting US clients
  • PayPal is not supported
"A buddy of mine recommended Plus500 to me and I've been very pleased with my service thus far"
Score: 9 Written on: 18.10.2017
Pros
  • 53 Forex pairs
  • Demo Trading Account
  • Tight spreads and leverage up to 294:1
  • Internationally respected trading platform
Cons
  • No telephone number for support
  • MT4 Trading not supported 
  • No US traders allowed to trade on site
"Very impressed by the service at AvaTrade and highly suggest them to new and experienced traders alike"
Score: 9 Written on: 12.11.2017
Pros
  • 400:1 leverage
  • Tight spreads
  • Multiple trading platforms (AvaTrader, MT4, mobile and others)
  • Powerful tools and resources available
Cons
  • Deposit and Withdrawal information limited on the website
  • Fewer currency pairs compared to other brokers
  • Limited bonuses and promotions
How to Choose a Forex Broker?

Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

  • Is the Forex Broker regulated?
  • Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. 
  • Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
  • Availability of Customer Service. 
  • Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience. 

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