Best Forex Brokers in New Zealand for 2025

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
IG	check	check		£250.00	0.98 info

IG is my top pick for forex traders in New Zealand in 2025. Founded in 1974 and publicly traded on the London Stock Exchange (LSE: IGG), IG is regulated in more Tier-1 jurisdictions than almost any other broker with eleven in total.

New Zealand residents can access IG’s services through its global entity, which is regulated by the New Zealand Financial Markets Authority (FMA). IG’s local regulatory status means Kiwi traders benefit from strong investor protections and access to IG’s full suite of trading tools and markets.

Platform: IG’s web and mobile trading platforms are among the best I’ve tested. The proprietary web platform is clean, easy to navigate, and packed with professional-grade tools, including advanced charting, integrated news, and trade signals. The mobile app mirrors much of the web functionality, offering seamless trading from anywhere. IG also supports MetaTrader 4, ProRealTime, and API access, making it a great fit whether you’re a beginner or an advanced algo trader.

Pricing: IG’s minimum deposit in New Zealand is typically around NZD $450, though traders seeking DMA access will need to deposit at least £1,000. IG’s standard CFD account offers a spread-only pricing model, with average spreads on major pairs like EUR/USD at 0.69 pips during peak hours and 0.98 pips across all sessions. For high-volume traders, IG’s Forex Direct account offers tighter spreads (averaging 0.62 pips) plus a commission starting at $60 per million traded, which can drop to as low as $10 per million based on monthly volume. This tiered pricing allows active traders to achieve an effective all-in spread as low as 0.82 pips. Overall, IG’s pricing is transparent, competitive, and scales with your trading activity.

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
CMC Markets	check	check		$0	0.61 info

CMC Markets continues to be a standout broker in New Zealand for 2025, especially for traders who want low spreads and a powerful platform. Founded in 1989, CMC is publicly traded (LSE: CMCX) and regulated by the New Zealand Financial Markets Authority (FMA) as well as five additional Tier-1 regulators.

Platform: One of the highlights of trading with CMC is its Next Generation platform, which is available on both web and mobile. This platform features sophisticated charting with over 100 technical indicators, advanced order types, price projection tools, and integrated education. I’ve spent a lot of time using CMC’s platform, and it’s easily one of the best out there with tools that real traders actually use.

Pricing: CMC Markets offers highly competitive pricing for New Zealand traders, with average spreads on the EUR/USD at 0.61 pips on its standard account, and no minimum deposit required. For those seeking even lower costs, CMC’s FX Active account charges a $2.50 per-side commission, with minimum spreads as low as zero pips, bringing the all-in cost to 0.5 pips on major pairs like EUR/USD and NZD/USD. CMC’s tiered discount programs, including the Price Plus Scheme and Alpha rebates, offer further spread reductions based on trading volume and activity. This consistency and flexibility in pricing earned CMC Markets the #1 ranking for Commissions and Fees in our 2025 Annual Awards.

For cost-conscious traders who still want access to premium tools and platforms, CMC is a strong pick.

Company	Accepts NZ Residents	Regulated by FMA	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard
Plus500	check	check		€100	1.5 info

Plus500 is a broker available to New Zealand residents known for its user-friendly platform and wide range of CFD markets. Founded in 2008 and publicly traded on the London Stock Exchange (LSE: PLUS), Plus500 is regulated in multiple major financial centers, including the New Zealand FMA, which oversees its local operations.

Platform: What sets Plus500 apart is its simplicity and ease of use. The proprietary trading platform, available on web and mobile, is designed for efficiency, with a clear layout, customizable interface, and built-in risk management tools like guaranteed stop-loss orders. It’s not overloaded with advanced tools, which makes it ideal for traders who want to trade without the learning curve that comes with platforms like MT4 or Interactive Brokers' Trader Workstation.

Pricing: Plus500 offers access to over 2,800 CFDs, covering forex, indices, commodities, shares, ETFs, and crypto. Spreads are competitive, and the broker operates with an all-inclusive pricing model, no commissions, just spreads. There’s also a low minimum deposit requirement, and funding options are straightforward.

If you're a New Zealand-based trader looking for a clean, intuitive platform with access to a large variety of global markets, Plus500 is a strong choice.

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.