Best Forex Brokers NZ 2023
Most professional traders consider FX brokers active on the FSPR (Financial Service Providers Register). FMA-regulated forex brokers listed on the FSPR list and kiwis are suggested that individual traders avoid national and international brokers who function without a New Zealand Forex license.To get more news about
obtain cgse license brokers, you can visit wikifx.com official website.
Although most forex brokers in New Zealand are regulated by FMA, ASIC, NFA, FCA, or other broker regulatory bodies, they may not be licensed by Financial Markets Authority FMA or authorized to function as New Zealand brokers. The FMA came into the picture after the Securities Commission in NZ was declared incompetent. After this little introduction, read on to learn more about forex brokers NZ.
Top New Zealand Forex Brokers List
New Zealand residents can choose the best forex broker for them by looking at the below list, as there we have given the top 10 trading platforms overview with their services, pros, cons, features, and more so that users can figure out the best for themself.
BlackBull Markets
BlackBull Markets maintains a regulatory status in tier-2 jurisdiction, making the forex trading NZ platform safe for forex & CFD trading and stock exchange. Still, you have to stay updated with the latest market trends. The platform offers only MetaTrader platforms and several social copy trading platforms.
It is popularly known for offering an array of education, liquidity providers, and research tools to help users develop the correct trading style, trading conditions, and trading strategy and make more beginners interested in trading forex. BlackBull Markets is one of the best and most regulated fx brokers NZ, with over 44 tradable assets from the stock market, average spread, reasonable trading fees, & commissions; all these features make forex trading in New Zealand (to buy and sell assets) user-friendly.
BlackBull Markets, an NZ forex broker, is authorized and regulated by zero tier-1 financial regulators (high trust score), one tier-2 financial regulator (average trust score), and zero tier-3 financial regulators (low trust score). Among the many regulators, the leading regulator of BlackBull is the FMA, the New Zealand Financial Markets Authority.
As per the broker reviews of BlackBull Markets done by us, it is a reliable broker and is best known for offering VPS hosting and Social Copy trading. VPS hosting is free for all clients who make min. Deposits of $2000 or 20 lots traded across forex pairs or metals per month. Social Copy trading is also offered at the BlackBull Market and the Signal markets, and a range of trading leveraged products but no dealing desk. The Copy trading includes MyFxBook, ZuluTrade, SwipeStox, & PsyQuation.
