Fx, foreign exchange or the forex market is the world’s most liquid and largest financial market. We are here to guide you and explain the fx market, where the exchange of currencies (e.g. USD, EUR, bitcoins) takes place.

News & Analysis

Stocks grind higher; US Dollar trying to turn back positive

Macroeconomic/ geopolitical developments An extremely quiet week, with no significant central bank activity, no notable macroeconomic data releases and with… Continued

The US Dollar sends negative signal, but the Pound stays strong!

Dollar Index confirms negativePound breaks upEuro-Pound confirms downside break Continued

US Dollar 2021 strength is trying to resume

The US dollar has seen significant gains versus major currencies in early 2021This was assisted by higher US yields in… Continued

Currency Converter

Top Brokers in New Zealand

Broker Pros Features  
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: 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: Reg: FCA, AS...
HQ: UK...
4.8/5
95/100

- Enhanced Execution and quality pricing.
- Award-winning trading platform – Trading Station Web/Desktop/Mobile
- Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more
- More than 20 Years of experience in Online Trading Services - Leading Provider

Min. Deposit: £300, $50 For ZA and AU
Pairs Offered: 50+
Leverage: 1:30 (LTD), Up to 400:1 FX and 200:1 CFD (ZA/AU/MARKETS)
Withdrawal Process Time: Depends on Credit Card Issuer. Bank Wire two business days
Trust Score: 95/100
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: Reg: CySEC, ...
HQ: Cyprus...
4.3/5
85/100

- Free demo account
- Fast deposit option
- Own mobile trading platform
- Application for accounts management

Min. Deposit: 1 USD, 1 EUR
Leverage: Up to 1:500

Trust Score: 85/100
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

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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