The Top 10 Best Forex Brokers in New Zealand revealed. We have rated and reviewed the best Forex Brokers accepting New Zealand Traders.
This is a complete listing of The 10 Best Forex Brokers in New Zealand. In this in-depth write-up you will learn:
- A List of the 10 Best Forex Traders in New Zealand
- Pros and Cons of Forex Trading
- Is Forex Trading Legal in New Zealand?
and much, much more!
| 🔍Forex Broker | 🎁Sign Up here | 💵Minimum Deposit | 💴Minimum Deposit (NZD) |
| 🥇XM | 👉 Click Here | $5 USD | $8,26 NZD |
| 🥈AvaTrade | 👉 Click Here | $100 USD | $165,23 NZD |
| 🥉HFM | 👉 Click Here | $100 USD | $165,23 NZD |
| 🏅FXTM | 👉 Click Here | $200 USD | $330,46 NZD |
| 🏆FP Markets | 👉 Click Here | $50 USD | $82,61 NZD |
| 🥇FBS | 👉 Click Here | $5 USD | $8,26 NZD |
| 🥈HYCM | 👉 Click Here | $20 USD | $33,05 NZD |
| 🥉CMC Markets | 👉 Click Here | $0 USD | $0 NZD |
| 🏅IG | 👉 Click Here | $0 USD | $0 NZD |
| 🏆Plus500 | 👉 Click Here | $100 USD | $165,23 NZD |
🏆 10 Best Rated Forex Brokers
| Rank | Broker | Regulators | Broker Review | Min Deposit | Max Leverage | Visit Broker |
|---|---|---|---|---|---|---|
| 🥇 |  | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | Read Review | $100 | 1:400 |  |
| 🥈 |  | FSCA, FSC, FSA | Read Review | $50 | 1:3000 | |
| 🥉 |  | FSA, CySEC, FSCA, FSC | Read Review | $10 | 1:3000 | |
| 4 |  | FCA, CMA, FSC, SCA | Read Review | $200 | 1:3000 | |
| 5 |  | CySEC, FSCA, FCA, FSA, CMA, St. Vincent & the Grenadine | Read Review | $0 | 1:2000 | |
| 6 |  | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | Read Review | $10 | 1:2000 | |
| 7 |  | FSC, CySEC, ASIC | Read Review | $5 | 1:3000 | |
| 8 |  | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | Read Review | $10 | 1:400 | |
| 9 |  | FSC | Read Review | $10 | 1:200 | |
| 10 |  | ASIC, CySEC, FSCA, FSA | Read Review | $100 | 1:500 | |
10 Best Forex Brokers in New Zealand (2026)
- ☑️XM – Overall, Best Broker in New Zealand
- ☑️AvaTrade – Well-Regulated Forex Broker
- ☑️HFM – High New Zealand Trust Score
- ☑️FXTM – Best Online Trading Experience
- ☑️FP Markets – Low NZD Minimum Deposit
- ☑️FBS – Excellent Technical Tools
- ☑️HYCM – Lowest Overall Costs in New Zealand Dollar
- ☑️CMC Markets – Award-Winning Broker in New Zealand
- ☑️IG – Competitive Fees and Spreads
- ☑️Plus500 – one of the market leaders
1. XM
Overall, XM.com is considered a trustworthy broker with average risk with spreads as low as 0.6 pips and an above-average trust score of 84 out of 99. XM Group is not a publicly-traded company but is authorized by two tier-1 regulators (high trust).
| 🔍Broker | 🥇XM |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 600+ |
| 👥Amount of Active Traders | 5,000,000+ |
| 📌Publicly Traded | None |
| 📈Regulation | CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK) |
| 🌎Country of Regulation | Cyprus Australia Belize UK |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP JPY CHF AUD HUF PLN |
| 💵Minimum Deposit | $5 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
| 💷Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.6 pips |
| 💶Commissions | Zero on Standard and Micro accounts commission on Zero accounts |
| 🔢Number of Base Currencies Supported | 11 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | < 1 second |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| 📍CFDs - Total Offered | 1,000+ |
| 📈CFD Stock Indices | 30+ |
| ➡️CFD Commodities | 15+ |
| 📊CFD Shares | 1,200+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💡Trading Platforms | MetaTrader 4 MetaTrader 5 XM WebTrader |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Signals VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | +357 25029933 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 30+ languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various events and teams) |
| 🫰🏻Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low stock CFD and withdrawal fees | Limited product portfolio |
| Easy and fast account opening | No investor protection for non-EU clients |
Frequently Asked Questions
What is XM?
XM is a global online broker that offers trading services in Forex, CFDs on stocks, commodities, indices, and cryptocurrencies through its various platforms.
Can I open multiple trading accounts with XM?
Yes, XM allows clients to open and manage multiple accounts under one profile.
Does XM charge inactivity fees?
Yes, XM charges an inactivity fee of $5 per month if the account remains inactive for more than 90 days.
Does XM have mobile trading?
Yes, XM offers mobile versions of the MT4 and MT5 platforms for both iOS and Android devices.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Our Verdict
With its user-friendly platforms, low minimum deposit, and diverse account types, it caters to both beginner and experienced traders. The availability of negative balance protection, Islamic accounts, and competitive spreads adds to its appeal. However, it’s important to consider its inactivity fees and regional restrictions before opening an account.
2. AvaTrade
Overall, Avatrade is considered a low-risk and can be summarised as a trustworthy forex broker. Regarding spread and security, Avatrade guarantees fast trading speeds and secure trading conditions. In terms of users, Avatrade has more than 500 000 registered clients globally.
| 🔍Broker | 🥇AvaTrade |
| 🔢Year Founded | 2006 |
| 👤Amount of staff | 200+ |
| 👥Amount of active traders | Over 300,000 |
| 📌Publicly Traded | None |
| 📈Regulation | Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more. |
| 🌎Country of regulation | Ireland Australia Japan UAE South Africa British Virgin Islands |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | Compensation scheme for eligible clients under certain jurisdictions |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor account currencies | USD EUR GBP AUD JPY CHF ZAR, and more |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | Deposits: Instant Withdrawals: 1-3 business days |
| 💳Fund Withdrawal Fee | No fees on most payment methods, but some charges may apply depending on the method used |
| ✏️Spreads from | 0.9 pips (EUR/USD) |
| 💷Commissions | No commissions on most trades; spreads apply |
| 🔟Number of base currencies supported | 10+ |
| 💶Swap Fees | ✅Yes Swap-free accounts available for Islamic traders |
| ⬆️Leverage | Up to 1:400 depending on jurisdiction |
| 📉Margin requirements | Varies based on asset and leverage used |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Fast execution generally less than 1 second |
| 🖥️VPS Hosting | ✅Yes for qualifying accounts |
| 👉CFDs-Total Offered | 1000+ |
| 📈CFD Stock Indices | 30+ |
| 📉CFD Commodities | 20+ |
| 📊CFD Shares | 600+ |
| 💵Deposit Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 💳Withdrawal Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions |
| 🍎OS Compatibility | Windows MacOS iOS Android |
| 🔩Forex trading tools | Autochartist Trading Central Economic Calendar AvaProtect, and more |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | [email protected] |
| ☎️Customer Support Contact Number | Varies by region accessible through the website |
| 📱Social media Platforms | Facebook YouTube |
| ⚙️Languages supported on FBS Website | Multiple languages including English Spanish French Italian Arabic, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes (AvaAcademy) |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | eBooks Videos Tutorials Blog Market Analysis |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Thousands globally |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes Various sponsorships including the Manchester City Football Club) |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | None Offers Standard and Professional Accounts |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fee Free Deposit | Limit Offers |
| Low Trading Fees | Inactivity Fee |
| User Friendly | Administration Fee |
Frequently Asked Questions
Does AvaTrade offer any bonuses or promotions?
AvaTrade may offer promotions or bonuses, but these vary depending on the trader’s location and regulatory restrictions. Some jurisdictions may not allow trading bonuses.
What are the spreads and commissions at AvaTrade?
AvaTrade offers competitive spreads, with Forex spreads starting from 0.9 pips. AvaTrade generally does not charge commissions on trades, as its fees are built into the spread.
Does AvaTrade offer a mobile app?
Yes, AvaTrade offers a mobile app called AvaTradeGO, which allows traders to trade on the go and manage their accounts from mobile devices.
Is there negative balance protection with AvaTrade?
Yes, AvaTrade provides negative balance protection to ensure traders do not lose more than their initial investment.
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
AvaTrade is a well-regulated and established online broker that offers a wide range of trading instruments, including Forex, CFDs, and cryptocurrencies. With support for popular platforms like MetaTrader 4 and 5, as well as its proprietary AvaTradeGO app, it provides traders with flexibility and convenience. AvaTrade’s educational resources and 24/5 customer support make it accessible to both beginners and experienced traders.
3. HFM
Overall, HFM rebranded as HFM Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators (medium trust). It has a trust score of 95% out of 100.
| 🔍Broker | 🥇HFM |
| 🔢Year Founded | 2010 |
| 👤Amount of Staff | 200+ |
| 👥Amount of Active Traders | 2.5 million+ |
| 📌Publicly Traded | None |
| 📈Regulation | FSCA DFSA FSA FCA FSC CMA |
| 🌎Country of Regulation | UK South Africa UAE Seychelles |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 📌Investor Protection Schemes | ✅Yes |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | ✅Yes (PAMM/MAM accounts) |
| 💵Minor Account Currencies | USD EUR GBP JPY AUD ZAR |
| 💶Minimum Deposit | 0 USD |
| ⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
| 💴Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $6 per lot (round turn) |
| 🔢Number of Base Currencies Supported | 12 |
| 💵Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | < 30ms |
| 🖥️VPS Hosting | ✅Yes |
| 📈CFDs - Total Offered | 1,200+ |
| 📊CFD Stock Indices | 20+ |
| ✏️CFD Commodities | 20+ |
| 👉CFD Shares | 950+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 HF App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS HFcopy |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | +44 203 097 5796 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish, Arabic |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials eBooks Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| Pros | Cons |
| Regulated by Multiple Authorities | Limited to Non-Listed |
| Variety of Account Types | Inconsistent Fees |
| High Leverage Options | Limited Research Tools |
| Competitive Spreads | High Spreads on Some Accounts |
| Low Minimum Deposit | Varied Trading Conditions |
| Educational Resources Available | Fee Structure Complexity |
Frequently Asked Questions
What account types does HFM offer?
HFM offers a variety of account types to suit different trader levels, including Micro, Premium, Zero Spread, PAMM, and Auto accounts.
Does HFM offer an Islamic account?
Yes, HFM offers Islamic (swap-free) accounts that comply with Sharia law for Muslim traders.
What are the leverage options on HFM?
HFM offers flexible leverage options that vary based on the asset class and regulatory requirements, with leverage up to 1:1000 for certain accounts and regions.
Does HFM offer bonuses or promotions?
Depending on the region and regulatory restrictions, HFM may offer bonuses such as deposit bonuses or trading contests.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HFM is suitable for both beginner and advanced traders, offering educational resources, demo accounts, and various promotions, depending on the region. Its strong regulatory oversight and transparent trading conditions make it a reliable choice, though traders should carefully consider the account types and leverage options that fit their trading needs.
4. FXTM
Overall, FXTM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.
| 🔍Broker | 🥇FXTM |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | Over 800 |
| 👥Amount of Active Traders | Over 4 million |
| 📌Publicly Traded | None |
| 📈Regulation | FCA CySEC FSC |
| 🌎Country of Regulation | UK Cyprus South Africa Mauritius |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (varies by regulatory entity) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP NGN |
| 💵Minimum Deposit | $10 for Cent Accounts |
| ⏰Average Deposit/Withdrawal Processing Time | Instant - 24 hours |
| 💳Fund Withdrawal Fee | None (but third-party fees may apply) |
| ✏️Spreads from | 0.0 pips |
| 💶Commissions | $0 - $4 per lot depending on account type |
| 4️⃣Number of Base Currencies Supported | 4 |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:2000 |
| 📉Margin Requirements | Based on leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 0.05 seconds (Average) |
| 🖥️VPS Hosting | ✅Yes (Free with conditions) |
| 📈CFDs-Total Offered | Over 250 |
| 👉CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 FXTM Trader App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Forex calculators VPS Trading signals Market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | +44 203 734 1098 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 16+ |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles tutorials eBooks Video tutorials |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Over 1,000 |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable current sponsorships |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Cent Account) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA, CMA, SCA
Trading Platform
MT4, MT5, FXTM App
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent Customer Service | High Stock CFD Fees |
| Great Educational Tools | Inactivity Fee |
| No Deposit Fee | No Price Alert |
Frequently Asked Questions
Does FXTM offer a demo account?
Yes, FXTM offers a demo account for traders to practice and familiarize themselves with the platform before trading with real money.
Is FXTM suitable for beginners?
Yes, FXTM provides beginner-friendly accounts like the Cent account, demo accounts, and extensive educational resources to help new traders.
Does FXTM offer social or copy trading?
Yes, FXTM offers copy trading services through its FXTM Invest platform, allowing traders to copy the strategies of experienced traders.
Does FXTM offer bonuses or promotions?
FXTM offers various bonuses and promotions, but these may vary depending on the region due to regulatory restrictions.
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA, CMA, SCA
Trading Platform
MT4, MT5, FXTM App
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
FXTM provides flexible leverage options, diverse assets, and competitive trading conditions, but traders should be aware of potential fees, such as commissions on certain accounts, and regional restrictions. Overall, FXTM is a solid option for traders looking for a comprehensive trading experience.
5. FP Markets
Overall, FP Markets is considered a low-risk and can be summarized as trustworthy and reliable. FP Markets is fully licensed and regulated by the Securities Commission of the Bahamas (SCB). FP Markets is currently one of the top-rated platforms, ranked #13 out of 992.
| 🔍Broker | 🥇FP Markets |
| 🔢Year Founded | 2005 |
| 👥Amount of Staff | Over 200 |
| 👤Amount of Active Traders | 60,000+ |
| 📍Publicly Traded | None |
| 📈Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) |
| 🌎Country of Regulation | Australia Cyprus South Africa |
| 🗂️Account Segregation | ✅Yes |
| 📌Negative Balance Protection | ✅Yes |
| 🚩Investor Protection Schemes | ✅Yes (CySEC) |
| 🖋️Account Types and Features | Standard Raw ECN VIP accounts available |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | None |
| 💵Minor Account Currencies | EUR USD GBP AUD CAD CHF JPY NZD SGD HKD |
| 💴Minimum Deposit | $100 |
| ⏱️Average Deposit/Withdrawal Processing Time | Instant - 1 business day |
| 💸Fund Withdrawal Fee | None |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $3 per side (Raw account) |
| 🔢Number of Base Currencies Supported | 10 |
| 💶Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | < 40ms |
| ➡️VPS Hosting | ✅Yes (for eligible accounts) |
| 🫴🏻CFDs - Total Offered | 10,000+ |
| 📊CFD Stock Indices | 23+ |
| 💡CFD Commodities | 12+ |
| 👉CFD Shares | 2,000+ |
| 💳Deposit Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 💳Withdrawal Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 🛎️Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps |
| 💻OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist VPS Trading Central Myfxbook |
| 🤝Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 🖥️Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | +61 2 8252 6800 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 10+ including English Spanish Chinese Arabic |
| 📖Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 🎓Educational Resources | ✅Yes (articles, videos, eBooks, market analysis) |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Thousands worldwide |
| 👍IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, involved in sports sponsorships |
| 💴Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro Accounts) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
AUD 100
Regulators
ASIC, CySEC, FSCA, FSA, FSC, CMA
Trading Platform
MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent Customer Support | High CFD fees |
| Great educational tools | Inactivity and withdrawal fees |
| Fast account opening | Limited product portfolio |
Frequently Asked Questions
What is FP Markets?
FP Markets is an Australian-based online Forex and CFD broker that offers a wide range of trading instruments, including Forex, commodities, indices, cryptocurrencies, and more.
What platforms do FP Markets offer?
FP Markets offers popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS, which provide advanced charting tools and analytical features.
Does FP Markets offer a demo account?
Yes, FP Markets provides a free demo account that allows traders to practice and test their strategies with virtual funds.
Does FP Markets offer Islamic (swap-free) accounts?
Yes, FP Markets provides swap-free Islamic accounts, catering to traders who follow Sharia law.
Overall Rating
- 4.9/5
Min Deposit
AUD 100
Regulators
ASIC, CySEC, FSCA, FSA, FSC, CMA
Trading Platform
MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
With over 15 years of experience in the industry, FP Markets offers both MetaTrader 4 and MetaTrader 5 platforms, catering to different trading styles and preferences. FP Markets is suitable for both beginner and experienced traders seeking a reliable and efficient trading environment. Overall, FP Markets stands out as a solid choice for traders looking for a comprehensive and trustworthy broker in the Forex market.
6. FBS
FBS can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market. FBS offers quality education material, friendly trading conditions, and research tools.
| 🔍Broker | 🥇FBS |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 300+ |
| 👥Amount of Active Traders | Over 17 million |
| 📌Publicly Traded | None |
| 📈Regulation | FSC CySEC ASIC |
| 🌎Country of Regulation | Belize Cyprus |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, under CySEC regulations |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR JPY GBP, and more |
| 💵Minimum Deposit | $1 |
| ⏰Average Deposit/Withdrawal Time | Instant to 48 hours |
| 💳Fund Withdrawal Fee | No fees for most methods |
| ✏️Spreads from | 0.0 pips |
| 💷Commissions | From $0 to $20 per lot, depending on account type |
| 5️⃣Number of Base Currencies | 5+ |
| 💶Swap Fees | Applicable on most accounts except for Islamic accounts |
| ⬆️Leverage | Up to 1:3000 |
| 📉Margin Requirements | Depends on leverage and account type |
| ☪️Islamic Account (Swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | From 0.3 seconds |
| 🖥️VPS Hosting | ✅Yes |
| 🫴🏻CFDs-Total Offered | 200+ |
| 👉CFD Stock Indices | ✅Yes |
| 📈CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
| ↪️Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Economic calendar Forex calculators Market analysis VPS Trading signals |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes, 24/7 |
| 💻Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | Callback Option |
| 📱Social Media Platforms | Facebook YouTube Telegram |
| ⚙️Languages Supported on Website | 20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.) |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles videos eBooks webinars tutorials |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | 450,000+ |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No significant sponsorships |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| Pros | Cons |
| Low Minimum Deposit | Limited Investor Protection |
| High Leverage | Fees on Some Services |
| Multiple Trading Platforms | Variable Spread Costs |
| Demo Accounts | High Leverage Risks |
Frequently Asked Questions
What is FBS?
FBS is an international Forex broker offering online trading services in various financial instruments, including Forex, cryptocurrencies, commodities, and indices.
What trading platforms does FBS offer?
FBS provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their advanced trading features and user-friendly interfaces.
What types of accounts does FBS offer?
FBS offers several account types, including Cent, Micro, Standard, ECN, and Crypto accounts, each catering to different trading needs and strategies.
Does FBS provide Islamic (swap-free) accounts?
Yes, FBS offers Islamic accounts that are compliant with Sharia law and do not involve swap fees.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
FBS is a versatile Forex broker that caters to both beginners and experienced traders. With its diverse range of account types, including Cent and Islamic accounts, it offers flexibility for various trading preferences. However, potential traders should be mindful of its regulatory status and assess whether it aligns with their trading needs and risk tolerance. Overall, FBS presents a compelling option for those looking to explore Forex and other financial markets.
7. HYCM
Overall, HYCM can be summarized as a trustworthy broker that offers excellent customer support, a wide selection of market instruments, and technologically advanced programs to assist traders with maximizing funds and developing trading skills.
| 🔍Broker | 🥇HYCM |
| 🔢Year Founded | 1977 |
| 👤Amount of staff | 100+ |
| 👥Amount of active traders | Not publicly disclosed |
| 📌Publicly Traded | None |
| 📈Regulation | FCA |
| 🌎Country of regulation | UK |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (UK and EU) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor account currencies | ✅Yes |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | 1-3 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.2 pips (for fixed spreads) |
| 💷Commissions | Variable, depends on account type |
| 🔢Number of base currencies supported | 16 |
| 💸Swap Fees | ✅Yes (depends on account type and market conditions) |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin requirements | Variable |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 1-2 seconds (depends on market conditions) |
| 🖥️VPS Hosting | Available |
| 🫴🏻CFDs-Total Offered | 150+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank Transfer Credit/Debit Cards, E-wallets |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-wallets |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 🍎OS Compatibility | Windows, MacOS, Android, iOS |
| 🪛Forex trading tools | Trading signals, market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | [email protected] |
| ☎️Customer Support Contact Number | +44 (0) 207 071 5215 |
| 📱Social media Platforms | Facebook, Twitter, |
| ⚙️Languages supported on HYCM Website | English, Arabic, Chinese, Russian |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, video tutorials, trading guides |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Competitive spreads | High fees on some withdrawal methods |
| Multiple account types | No proprietary trading platform |
| User-friendly trading platforms | Limited range of cryptocurrencies |
| Demo account | Withdrawal processing times can vary |
Frequently Asked Questions
Does HYCM have an affiliate program?
Yes, HYCM has an affiliate program that allows partners to earn commissions by referring clients to the broker.
What is HYCM’s customer support like?
HYCM offers customer support through live chat, email, and phone, with assistance available in multiple languages.
Is HYCM suitable for beginners?
Yes, HYCM is suitable for beginners due to its user-friendly platforms, educational resources, and low minimum deposit requirement.
What is the leverage offered by HYCM?
HYCM provides leverage of up to 1:500, depending on the account type and regulatory requirements.
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HYCM stands out as a reputable Forex and CFD broker that combines regulatory oversight with a robust trading environment. Additionally, HYCM’s diverse range of trading instruments, flexible leverage options, and efficient customer support enhance the overall trading experience. However, potential traders should carefully consider their individual trading needs and risk tolerance before proceeding.
8. CMC Markets
Overall, CMC Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust). It has a trust score of 99 out of 100.
| 🔍Broker | 🥇CMC Markets |
| 🔢Year Founded | 1989 |
| 👤Amount of Staff | Over 1,000 |
| 👥Amount of Active Traders | Over 80,000 |
| 📌Publicly Traded | ✅Yes |
| 📉Regulation | FCA (UK) |
| 🌎Country of Regulation | UK |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | FSCS (UK) and ASIC's Investor Compensation Scheme |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | Various |
| 💵Minimum Deposit | £0 |
| ⏰Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💳Fund Withdrawal Fee | No fee for standard withdrawals |
| ✏️Spreads From | 0.7 pips (variable) |
| 💷Commissions | No commission on trades, but spreads apply |
| 🔟Number of Base Currencies Supported | Over 10 |
| ✏️Swap Fees | ✅Yes, applicable depending on position |
| ⬆️Leverage | Up to 1:500 |
| 📈Margin Requirements | Varies by instrument and leverage |
| ☪️Islamic Account (Swap-Free) | None |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Fast, typically within milliseconds |
| 🖥️VPS Hosting | Not offered |
| 👉CFDs - Total Offered | Over 10,000 |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💷Deposit Options | Bank transfer credit/debit card e-wallets |
| 💳Withdrawal Options | Bank transfer credit/debit card e-wallets |
| 📊Trading Platforms | Next Generation Trading Platform (web) MT4 |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Advanced charting, news feed, analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | [email protected] |
| ☎️Customer Support Contact Number | +44 (0)20 7170 8200 |
| 📱Social Media Platforms | Facebook, Twitter, |
| ⚙️Languages Supported on CMC Markets Website | English, and others |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes, vi webinars and educational materials |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles tutorials, trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Multiple partners globally |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, including sports events |
| 🎀Rebate Program | Not available |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| Pros | Cons |
| Low forex fees | High stock CFD fees |
| Great mobile platforms | Only CFDs available |
| Advanced research tools | Customer support only 24/5 |
Frequently Asked Questions
Does CMC Markets offer a demo account?
Yes, CMC Markets offers a demo account that allows traders to practice trading strategies with virtual funds without any risk.
What is the leverage offered by CMC Markets?
CMC Markets offers leverage of up to 1:500 for Forex trading, but leverage limits vary based on regulatory requirements and the asset class.
Does CMC Markets have an affiliate program?
Yes, CMC Markets has an affiliate program that allows partners to earn commissions by referring clients to the platform.
Is CMC Markets suitable for beginners?
Yes, CMC Markets is suitable for beginners due to its user-friendly platform, demo account option, and extensive educational resources.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
The availability of advanced trading tools, competitive spreads, and comprehensive educational resources makes it an attractive option for those looking to enhance their trading skills. Additionally, the provision of a demo account allows new traders to practice and refine their strategies without any financial risk
9. IG
IG Group can be summarised as a trustworthy broker that provides user-friendly trading conditions and quality educational material. It can be considered a low-risk option that is an excellent fit for pro traders.
| 🔍Broker | 🥇IG |
| 🔢Year Founded | 1974 |
| 👤Amount of staff | Approximately 2,000+ |
| 👥Amount of active traders | Over 239,000 |
| 📌Publicly Traded | ✅Yes, listed on the London Stock Exchange (LSE: IGG) |
| 📉Regulation | FCA (UK) ASIC (Australia) CFTC (US) NFA (US) MAS (Singapore) FMA (New Zealand) JFSA (Japan) FINMA (Switzerland), and others |
| 🌎Country of regulation | United Kingdom Australia United States Singapore New Zealand Japan Switzerland, and more |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | FSCS (UK) - up to £85,000 |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor account currencies | USD EUR GBP AUD, and others |
| 💵Minimum Deposit | £250 (or equivalent in other currencies) |
| ⏰Average deposit/withdrawal processing time | Deposits: Instant Withdrawals: 1-5 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.6 pips for major currency pairs |
| 💷Commissions | Zero commissions on Forex; Commissions may apply to shares trading |
| 6️⃣Number of base currencies supported | 6+ USD EUR GBP AUD SGD and others |
| 💶Swap Fees | ✅Yes, swap fees apply |
| ⬆️Leverage | Up to 1:30 (retail clients) Up to 1:200 (professional clients depending on regulation) |
| 📉Margin requirements | Varies by asset class and account type |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | Average execution speed is less than 0.1 seconds |
| 🖥️VPS Hosting | Yes (third-party services available) |
| 👉CFDs-Total Offered | Over 17,000 instruments |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank transfer Credit/debit card PayPal Skrill |
| 💳Withdrawal Options | Bank transfer Credit/debit card PayPal |
| 📊Trading Platforms | MetaTrader 4 (MT4) L2 Dealer ProRealTime IG Web Platform IG Mobile Apps |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex trading tools | Autochartist Trading Central Economic Calendar Risk Management Tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | [email protected] |
| ☎️Customer Support Contact Number | Varies by country |
| 📱Social media Platforms | Facebook YouTube |
| ⚙️Languages supported on IG Website | 12+ languages including English Spanish French German, and Chinese |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles videos tutorials eBooks seminars |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not specified |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, they have partnerships with various organizations, including sporting events. |
| 🎀Rebate program | None |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent Web-Trading Platform | High Fees |
| Educational Tools | Limited Product Portfolio |
| Great deposit and withdrawal options | Lacking Support |
Frequently Asked Questions
Is IG suitable for beginners?
Yes, IG is suitable for beginners due to its user-friendly platform, demo account option, and extensive educational resources.
What are the spreads and commissions at IG?
IG typically offers competitive spreads that vary by asset class. For Forex, spreads can start from as low as 0.6 pips, with no commissions on trades.
Can I trade on mobile with IG?
Yes, IG offers a mobile trading app for iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
Does IG have an affiliate program?
Yes, IG has an affiliate program that allows partners to earn commissions by referring clients to the platform.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
The availability of a demo account, educational resources, and responsive customer support further enhance its attractiveness, enabling traders to build confidence and refine their strategies. With competitive spreads and advanced trading tools, IG stands out as a reliable option in the competitive landscape of online trading platforms. Overall, IG is a solid choice for anyone seeking a versatile and secure trading experience.
10. Plus500
Plus500 is a tier 1 regulated CFD broker that offers low trading fees. It has an overall high trust score of 97% out of 100 with a low-risk trading environment.
| 🔍Broker | 🥇Plus500 |
| 🔢Year Founded | 2008 |
| 👤Amount of Staff | 1000+ |
| 👥Amount of Active Traders | 430,000+ |
| 📌Publicly Traded | ✅Yes (LSE: PLUS) |
| 📉Regulation | FCA CySEC ASIC MAS FSA EFSA DFSA CFTC |
| 🌎Country of Regulation | UK Australia Cyprus New Zealand Singapore South Africa |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (varies by region) |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP, and more |
| 💵Minimum Deposit | $100 |
| ⏰Average Deposit/Withdrawal Processing Time | Deposits: Instant Withdrawals: 1-3 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads From | 0.6 pips (variable) |
| 💷Commissions | None |
| 🔢Number of Base Currencies Supported | Multiple |
| 💶Swap Fees | ✅Yes Overnight Funding |
| ⬆️Leverage | Up to 1:30 |
| 📉Margin Requirements | Varies by asset |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | Less than 1 second |
| 🖥️VPS Hosting | None |
| 👉CFDs - Total Offered | 2,000+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💷Deposit Options | Credit/Debit Card Bank Transfer PayPal Skrill |
| 💳Withdrawal Options | Credit/Debit Card Bank Transfer PayPal Skrill |
| 📊Trading Platforms | Plus500 WebTrader Plus500 Mobile App |
| 🍎OS Compatibility | Windows MacOS iOS Android |
| 🔩Forex Trading Tools | Charting tools Economic Calendar Risk Management Tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | No email provided; support via online chat only |
| ☎️Customer Support Contact Number | No support available via online chat |
| 📱Social Media Platforms | Facebook |
| ⚙️Languages Supported on FBS Website | Multiple languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | None |
| 💻Webinars | None |
| 📖Educational Resources | Limited; includes FAQs and a basic trading guide |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not specified |
| 🫰🏻IB Program | None |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | None |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC
Trading Platform
WebTrader
Crypto
Yes (Availability is Subject to Regulations)
Total Pairs
71
Trading Fees
Low
Account Activation
24 Hours
82% of retail investor accounts lose money when trading CFDs with this provider.
Pros and Cons
| ✅ Pros | ❌ Cons |
| User-Friendly | Lack in Research Tools |
| Low Trading Fees | Average Education |
| Listed on the London Stock Exchange | Limited Product Range |
Frequently Asked Questions
What is Plus500?
Plus500 is an online trading platform that allows users to trade a variety of financial instruments, including Forex, CFDs (Contracts for Difference), commodities, indices, shares, and cryptocurrencies.
What trading platforms does Plus500 offer?
Plus500 offers its proprietary trading platform, which is accessible via web browsers, desktop applications, and mobile apps for iOS and Android devices.
Does Plus500 offer a demo account?
Yes, Plus500 provides a free demo account that allows users to practice trading with virtual funds before trading with real money.
Can I trade on mobile with Plus500?
Yes, Plus500 has a mobile app available for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC
Trading Platform
WebTrader
Crypto
Yes (Availability is Subject to Regulations)
Total Pairs
71
Trading Fees
Low
Account Activation
24 Hours
82% of retail investor accounts lose money when trading CFDs with this provider.
Our Verdict
With a proprietary trading platform accessible on various devices, a free demo account, and no commission fees, Plus500 provides an appealing environment for those looking to start trading. While it may lack some extensive educational resources compared to other platforms, its simplicity and efficient customer support make it a strong choice for traders seeking a straightforward and reliable trading experience.
Is Forex Trading Legal in New Zealand?
Yes, Forex trading is legal in New Zealand. The country has a well-regulated financial market, and Forex trading is overseen by the Financial Markets Authority (FMA). The FMA regulates Forex brokers operating in New Zealand to ensure they comply with the relevant laws and standards, providing a safe trading environment for investors.
Additionally, New Zealand is known for its favorable regulatory environment for Forex trading, attracting both local and international brokers. Traders can open accounts with both domestic and foreign brokers, provided they are registered and comply with New Zealand’s regulations. However, as with any financial trading, individuals need to do their own research, understand the risks involved, and choose a reputable broker.
Conclusion
Now it is your turn to participate:
Which New Zealand broker from this list do you intend to test out?
What was the determining factor in your decision to engage with a certain broker?
Was it because of the NZD minimum deposit or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
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Frequently Asked Questions
Is XM suitable for beginners?
Yes, XM provides extensive educational resources, including webinars, tutorials, and market analysis, making it suitable for beginners.
What trading platforms does AvaTrade support?
AvaTrade supports multiple platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, and its proprietary AvaOptions platform for options trading.
Is HFM suitable for beginners?
Yes, HFM offers various tools, a demo account, and educational materials that are useful for beginner traders.
Does FXTM have negative balance protection?
Yes, FXTM provides negative balance protection, ensuring that clients do not lose more than their initial deposit.
Does FP Markets offer a partnership or affiliate program?
Yes, FP Markets has an affiliate and introducing broker (IB) program, offering commissions for referring clients to the platform.
Are there any fees for deposits and withdrawals at FBS?
FBS does not charge fees for deposits and withdrawals, but third-party payment processors may impose their own charges.
What types of accounts does HYCM offer?
HYCM offers several account types, including Classic, Raw, and Fixed accounts, catering to different trading styles and preferences.
Can I trade on mobile with CMC Markets?
Yes, CMC Markets offers mobile trading apps for iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
Does IG offer a demo account?
Yes, IG offers a demo account that allows traders to practice trading strategies with virtual funds and access real-time market data without any risk.
Does Plus500 have an affiliate program?
Yes, Plus500 offers an affiliate program that allows partners to earn commissions by referring new clients to the platform.
Which is the most used forex broker in New Zealand?
According to research, AvaTrade is the most popular broker choice in New Zealand.
How many forex traders are currently active in New Zealand?
The rough estimate is approximately 100,000 active New Zealand traders per month.
Can you make money with forex trading in New Zealand?
Yes. However, according to research, approximately 75% of all traders lose money due to a wide number of factors.
Who regulates Forex Trading in New Zealand?
Forex trading in New Zealand falls under the regulatory authority of the Financial Markets Authority (FMA).
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