News

Taper Nervous Breakdown

The next time the Fed reduces its bond purchase program the market reaction should be more like a nervous breakdown… Continued

Markets end 2020 in “risk on” mode

Macroeconomic/ geopolitical developments Trump finally signed the $900 billion COVID relief bill, a relief for markets.The EU-UK trade deal finally… Continued

US Dollar ends 2020 still very weak!

Major reversal on EuroPound Breaks upUS Dollar-CAD fails at major resistanceKiwi support rises Continued

Currency Converter

Top Brokers in New Zealand

Broker Pros Features  
Founded: 2008 Reg: Plus500...
HQ: Israel...
4.7/5
94/100

- FMA Regulated
- Advanced risk management tools
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.

Min. Deposit: $100
Pairs Offered: 70+
Leverage: 1:30
Withdrawal Process Time: 1-3 Business Days
Trust Score: 94/100
Founded: 2011 Reg: FCA, Cy...
HQ: Cyprus...
4.6/5
91/100

- Well Regulated.
- PAMM accounts.
- Tight spreads.
- Quick withdrawals.
- Low min. deposit.

Min. Deposit: $5
Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU
Withdrawal Process Time: Same business day
Trust Score: 91/100
Founded: 2001 Reg: ASIC, C...
HQ: Cyprus...
4.6/5
91/100

- 24/5 Shares Trading
- 0% Commission
- 300 plus trading instruments.
- Deal cancellation feature.
- Fixed spreads.

Min. Deposit: $100
Pairs Offered: 200+
Leverage: Up to 1:30
Withdrawal Process Time: 1 day
Trust Score: 91/100
Founded: 2014 Reg: FMA, FS...
HQ: New Zea...
4.5/5
90/100

- FMA Regulated
- 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2009 Reg: CIMA, A...
HQ: Cayman ...
4.6/5
91/100

- Start trading live with just $200 minimum deposit.
- Powerful WebTrader and AppTrader platforms.
- Start trading live in just minutes.
- Trading tools and educational resources.
- Wide range of Share CFDs offered.

Min. Deposit: $200
Pairs Offered: Majors, Minors, Exotics
Leverage: 500:1
Withdrawal Process Time: Within 12 hours
Trust Score: 91/100
Founded: 2009 Reg: ASIC, C...
HQ: Sydney ...
4.6/5
91/100

- 50% Deposit Bonus
- 180+ Tradable Instruments
- Up to 500:1 Leverage
- $200 minimum deposits
- 15 Trading Platforms
- 50 US Share CFDs and 50 Hong Kong Share CFDs available to trade from MT4/MT5

Min. Deposit: $200
Pairs Offered: 180+
Leverage: Up to 500:1
Withdrawal Process Time: Within 1-2 Business Days
Trust Score: 91/100

What is FX Explained and why are you here?

  • Are you from New Zealand and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in New Zealand?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best Broker in New Zealand?

FX Explained New Zealand is here to help and guide you. Forex explained in an easy way!

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing.

Originally we successfully helped UK traders and now we aim to help traders from New Zealand as well. Today it is legal to trade forex in New Zealand as long as you pay income tax on your gains (profits minus losses). And, needless to say, you need to abide by all financial laws and not be involved in money laundering.

The FMA (Financial Markets Authority), was introduced in May in 2011 by the New Zealand Parliament as they dissolved the earlier New Zealand Securities Commission which had not worked effectively to protect traders against scams. The FMA’s methods for regulation and enforcement has been much more successful in protecting traders’ interest and decreasing the number of scams. For best protection, New Zealanders are recommended to trade with brokers licensed by the FMA. Visit FMA’s warnings and alerts page for warnings about forex dealers. Brokers and forex dealers, as well as all financial service providers, in New Zealand, should also be registered with the Financial Service Providers Register (FSPR). You can easily search the FSPR register here.

Whether you are a complete novice or seasoned veteran, we believe that our high level of fx expertise and knowledge about New Zealand, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in New Zealand.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best broker to trade with when you are from Australia.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from New Zealand to join the global FX Explained community to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

Who are we? Read More Articles

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