Best Forex Brokers in New Zealand for 2026

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
IG	check	check		£1	0.91

IG provides access to more than 19,500 instruments, including around 17,000 CFDs and 97 forex pairs, alongside indices, shares, and commodities. For traders who want more than spot forex, that range covers a lot of ground from one account.

Backed by a long regulatory record. Founded in 1974 and listed on the London Stock Exchange (LON: IGG), IG Group is a FTSE 250 member that holds 11 regulatory licenses, eight of them Tier-1. That standing places it among the most regulated brokers ForexBrokers.com covers and earns one of our highest Trust Scores.

Platform depth for different styles. IG's five-platform lineup spans its proprietary web and mobile platforms, MetaTrader 4, MetaTrader 5, TradingView, and L2 Dealer for direct market access, with ProRealTime adding institutional-grade charting. Trade-from-chart tools and integrated trading signals are built in.

Steven's take:

"After nearly 50 years in the market and with eight Tier-1 licenses, IG is a broker I treat as a benchmark for trust. Its five-platform lineup gives traders room to work the way they prefer rather than adapting to one system."

Steven Hatzakis
Director of Online Broker Research

Pricing. Pricing on the standard account is competitive, with EUR/USD spreads averaging 0.91 pips and no separate commission. The commission-based Forex Direct account narrows raw spreads to around 0.55 pips, with an all-in cost near 0.75 pips once commission is added, and tiered rebates are available for high-volume traders. Mini contracts carry the same spreads as standard sizes.

The IG Trading mobile app charting supports trading from the chart, as well as news overlays and multiple concurrent indicators.

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
CMC Markets	check	check		$0	1.3

CMC Markets is a publicly traded brand (LSE: CMCX) regulated across multiple Tier-1 jurisdictions. It's best known among forex traders for the depth of its currency offering, having won the ForexBrokers.com Annual Award for #1 Most Currency Pairs for five years running.

Extensive pairs and instruments. CMC offers access to more than 300 forex pairs, quoted both ways, alongside roughly 10,000 CFDs spanning indices, commodities, shares, and treasuries. That range covers far more currency options than most competitors.

A well-regarded platform suite. The Next Generation web platform and CMC's mobile app pair charting tools, pattern recognition, and integrated research with fast, fully automated execution. The mobile app in particular has earned Best in Class honors in the ForexBrokers.com Annual Awards.

Pricing for active traders. CMC's standard account is spread-only, while the commission-based FX Active account offers spreads from 0.0 pips on major pairs with a fixed, low commission. For traders who place higher volumes, that account provides a lower-cost route as activity grows.

The layout of the CMC Markets Next Generation web platform including open windows for a watchlist of indices, multiple charts, product library, market calendar, insights, and positions.

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
Plus500	check	check		€50	1.3

Plus500 is a publicly traded broker (LSE: PLUS) and FTSE 250 member with a 99 Trust Score on ForexBrokers.com. It earned Best in Class honors in the 2026 Annual Awards for Trust Score, Ease of Use, and Beginners, reflecting a focus on a straightforward trading experience.

A broad multi-asset offering. Plus500 provides more than 2,800 CFDs across forex, shares, indices, ETFs, commodities, crypto, and options, and has expanded into share trading and futures through its Plus500 Invest and Plus500 Futures accounts. That range gives traders varied exposure from one provider.

Commission-free, spread-based pricing. Plus500 uses a commission-free model with costs built into the spread, with EUR/USD spreads starting around 0.8 pips during peak liquidity. There are no deposit or withdrawal fees, which keeps the cost structure simple to follow.

Worth knowing. Plus500 runs only its own WebTrader and mobile platform, so traders who prefer MetaTrader won't find it here, and its market research is limited compared with brokers built for active trading.

Plus500 mobile app charts allows you to have a layout with watchlists showing popular instruments in addition to buy and sell buttons.

Founded in 2014 in Auckland, BlackBull Markets is regulated by New Zealand's FMA and runs an ECN execution model built for speed, with fills often under 100 milliseconds. That focus suits active and algorithmic traders who prioritize execution quality.

To verify if a forex broker is regulated as a Financial Services Provider (FSP) by New Zealand's Financial Markets Authority (FMA), the first step is to identify the register number from the disclosure text at the bottom of the broker's New Zealand homepage. For example, here's the key disclosure text from KVB Kunlun's website:

KVB Kunlun Financial Group of Companies (including KVB Kunlun Pty Limited, KVB Asset Management Limited, KVB Kunlun New Zealand Limited, KVB Kunlun International (HK) Limited, KVB Kunlun Securities (HK) Limited, KVB Kunlun Asset Management (HK) Limited, KVB Kunlun Canada Inc, KVB Global Markets Limited, KVB Global Markets Pty Limited).

Next, look up the firm's NZ entity name on the FMA website to validate its current regulatory status and FSP number. Here is the official FMA page for Financial Services Providers that lists KVB Kunlun New Zealand Limited.

Yes, forex trading profits are taxable in New Zealand. The Inland Revenue Department (IRD) may treat forex gains as income, especially if trading is frequent, organized, and conducted with the intention of earning a profit. Unlike some jurisdictions, New Zealand doesn’t have a capital gains tax for most individuals, but that doesn’t mean trading profits are tax-free. If you’re trading forex as a business or your trading resembles a business (e.g. regularity, volume, intent), the income is likely to be taxable. It’s important to consult a local tax advisor to understand how your trading activity may be assessed under New Zealand tax law.

The forex market officially opens for the new trading week at 5:00 PM EST (or 10:00 PM GMT) on Sunday, which corresponds to 11:00 AM Monday morning in New Zealand (NZDT). This marks the start of the global forex trading cycle, with the Wellington and Sydney sessions kicking things off as the first major markets to open. While liquidity can be lower in this early session compared to the more active London or New York hours, the New Zealand and Australian openings help set the tone for the week, especially for AUD and NZD currency pairs. Keep in mind that forex is a decentralized market so some brokers may offer early access to trading. It’s always best to check your broker’s specific trading hours. Learn more about forex market sessions and the hours of trading at our comprehensive guide to forex market hours.

IG is the best forex broker in New Zealand, offering a trusted blend of regulation, platforms, and tools. Fully licensed by the New Zealand FMA, IG provides a comprehensive trading experience across desktop, mobile, MetaTrader 4, ProRealTime, and API access. Pricing on standard accounts follows a spread-only model, with typical EUR/USD spreads averaging 0.69 pips during peak hours, while DMA accounts offer lower spreads plus a commission. Active traders may qualify for tiered discounts, reducing trading costs further. IG’s strong regulation, top-tier platforms, and transparent pricing make it a standout choice for traders at every level.