Forex for a trader
Forex trading new zealand

Forex trading new zealandTrading Forex in New Zealand: The Local Forex Market. New Zealand comprises a series of islands in the southern part of the Pacific Ocean. It borders Oceana and Australia. As the country that gave rise to Lord of the Rings, New Zealand is a popular tourist destination and a thriving hub of Forex trading activity. True to form, the country has more sheep than people, with a population of just over 4 million, compared to New York City at 8.538 million. The New Zealand dollar (NZD) is the official currency, and the country’s main exports include machinery, equipment, live animals, feedstock, wool, metals, and food. Its chief import partners include Germany (4.4%), Singapore (4.8%), Japan (6.5%), the United States (9.3%), Australia (15.2%), and China (16.4%). It exports primarily to 4 countries – Japan, the US, China, and Australia. Given its relatively small size, New Zealand’s economy fluctuates between 60 – 70 biggest economies in the world. It is a power player in global trading however, primarily with the US, Australia, and Japan. All Forex trading activity in New Zealand hinges on decisions made by the Reserve Bank of New Zealand. When interest rates rise, demand for the NZD increases, and when interest rates fall, demand for the NZD decreases. Currently (September 2017), the interest rate in New Zealand is 1.75% – a record low. The New Zealand dollar (NZD) moves in sync with its chief trading partner currency – the Australian dollar (AUD). Events that occur in the land down under have a direct impact on the trading activity in New Zealand, and the fortunes of the NZD. When Australia’s economic fortunes are bullish, the country imports more, and New Zealand is a primary benefactor. This increases demand for the NZD, and causes it to appreciate relative to other currencies. Currently, the interest rate in New Zealand is higher than that of other countries like Japan, the United Kingdom, and the United States. Owing to these interest rate differentials, currency flows into New Zealand are commonplace.

This is a major enticement for international capital transfers into the island nation. The yield on foreign funds invested in New Zealand is higher than their domestic yield, making NZ a prized destination for investments. As the interest rate increases, so demand for the NZD increases accordingly. There are several factors that determine the prosperity of the New Zealand economy, notably climactic elements that affect agricultural and livestock production, and increasing migration numbers. When migration to New Zealand increases, this increases aggregate demand and boosts the size of the domestic economy. What factors impact the NZD? GDP figures in New Zealand – as GDP increases, so demand for investment in NZ increases. This causes a spike in demand for the NZD. Balance of trade considerations – when exports increase relative to imports, demand for the NZD increases and the currency appreciates, and vice versa CPI (consumer price index) – indicates the inflation level in the country. If inflation is rising too quickly, the Reserve Bank of New Zealand will intervene and raise interest rates to decrease liquidity in the economy. This boosts demand for the NZD. Commodity prices impact the NZD directly. Since New Zealand is driven largely by exports to major countries like China and Australia, falling commodity prices will hurt the New Zealand economy, while rising commodity prices will benefit it. The New Zealand Authorities and Trading. New Zealand is a relatively new entrant into the retail Forex trading industry. Fortunately, it is a viable and thriving economy with huge demand for currencies. There are regulatory guidelines and frameworks in place in New Zealand which are designed to prevent financial abuse.

In the 20072008 global financial crisis, the New Zealand economy took a hit. At the time, the NZ government and its regulatory structure was inactive and inefficient. This government organization was known as the Securities Commission of New Zealand. That government agency was subsequently dissolved and replaced by the Financial Markets Authority (FMA). This authority was a watchdog authority with plenty of teeth. It shut down scam brokers and unregulated currency trading platforms, making it much safer for New Zealanders to trade currencies. Trust, credibility, accountability, and customer service excellence are now assured at all regulated New Zealand brokers. The FMA has full authority to issue licenses, cancel them, or revoke them accordingly. Punitive measures are also available to stem any irregularities that arise. Currency trading pairs in New Zealand. In New Zealand, the main currency trading pairs include the NZDAUD, NZDGBP, NZDUSD, NZDCNY, and the NZDJPY, among others. These are the country’s chief trading partners.

New Zealand traders can quickly and easily trade currency pairs online at a list of top-rated brokers. Full access to currency markets is available, and New Zealanders can trade with confidence. The FMA of New Zealand – the Financial Markets Authority – strictly polices the Forex trading industry, and slaps penalties on any operators that do not act in the best interests of their clients. Reliability, assuredness, and responsibility are guaranteed at New Zealand FX brokers. In terms of a regulatory framework for FX trading activity, New Zealand trumps the competition. Traders have access to a range of top Forex brokers in New Zealand, including the following operators: Plus500, AvaTrade, ETX Capital, FXGlobe, ForTrade and BDSwiss. Many of these brokers offer their clients special deals such as bonuses, deal cancellation or negative balance protection. Typically, the minimum deposit at most New Zealand brokers is at least $100, and all these brokers are regulated by at least one agency, financial, or government institution. modity-reliant nature of the Australian economy. While the AUD functions independently of other currencies, it remains a volatile trading option. Services Available to Australian FX Traders. The leading Australian Forex brokers provide a wide range of services to clients, including Contracts for Difference (CFDs) on currencies, commodities, indices, and stocks. Australian currency traders typically trade between 7 AM and 4 PM AEST in Sydney.

Australian trading activity overlaps with Tokyo trading between 9 AM and 3 PM. In terms of overall market activity with currency pairs trading, the greatest price fluctuations are seen once the markets open and new traders enter trades. Important decisions by the RBA (Reserve Bank of Australia) can impact currency markets on a regular basis, whenever announcements are made. Much the same is true of macroeconomic data releases from Australia’s trading partners such as China, Japan, Singapore and New Zealand. Traders are advised to ensure that all FX brokers offering their services to Australian clients are fully licensed with an Australian Financial Services License. There are many benefits available to Australian currency traders, including high levels of liquidity, owing to the vastness of the currency trading arena. Estimates peg global currency trading at up to $5 trillion per day. This liquidity ensures that Australian traders can buysell currency any time they want. Additionally, many Australian FX brokers offer commission-free trading, and these brokerages generate their revenues from the spread – the difference between the buy price and the sell price. With high levels of leverage, Australian traders can open significantly larger positions than their capital would typically allow for. Plus, many of the top brokers offer clients free demo-trading accounts to practice before they deposit and trade for real money. The average Australian FX broker offers at least 40 currency pairs, with some offering as many as 95+. If you’ve seen the Lord of the Rings, then you probably know that Middle Earth is located somewhere along the hills of New Zealand. More than being home to Frodo Baggins and his hobbit friends, New Zealand is also one of Australia’s next-door neighbors in Oceania, the Southern region of the Pacific Ocean. Famous for hosting a larger population of sheep than people, New Zealand is home to about four million residents. To put that into perspective, New York City alone had a population of 8.4 million people. New Zealand is also known as Aotearoa, which means “Land of the Long White Cloud” in Maori, one of the major languages in the country. New Zealand: Facts, Figures, and Features. Neighbors: Australia, Fiji, Tonga Size: 104,483 square miles Population: 4,537,081 (123rd) Density: 42.7 people per square mile Capital City: Wellington (city population 179,466) Head of State: Queen Elizabeth II Head of Government: Prime Minister Bill English Currency: New Zealand dollar (NZD) Main Imports: machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics Main Exports: Hobbits, Russell Crowe, Ores and metals; wool, food and live animals; fuels, transport machinery and equipment Import Partners: China 16.4%, Australia 15.2%, US 9,3%, Japan 6.5%, Singapore 4.8%, Germany 4.4% Export Partners: Australia 21.1%, China 15%, US 9%, Japan 7% Time Zone: GMT +12 Website: newzealand.

govt. nz. With its teeny-tiny population, New Zealand’s economy is also relatively small. Its GDP, which is valued at 123 billion USD in 2011, ranks 65th among the world economies. Their economic activity is largely dependent on trade, mostly with the Land Down Under (Australia), the Land of the Rising Sun (Japan), and Uncle Sam (U. S.). It is an export-driven economy, with its main exports such as ores, metals, and wool comprising a third of its GDP. It also exports much of its cattle and dairy products. Angus beef sound familiar to you? Its primary industries are agriculture and tourism, and they only have small manufacturing and technology sectors. Because of that, its imports from other countries comprise mostly of heavy machinery, equipment, vehicles, and electronic products. Since the country has removed many barriers to foreign investment, the World Bank has praised New Zealand for being one of the most business-friendly countries in the world, second to Singapore. Monetary & Fiscal Policy. The Reserve Bank of New Zealand (RBNZ) is in charge of the monetary and fiscal policy of the nation. Currently headed by Governor Alan Bollard, the RBNZ holds monetary policy meetings eight times a year.

The RBNZ is tasked with maintaining price stability, setting interest rates, and monitoring output and exchange rates. To achieve price stability, the RBNZ must ensure that annual inflation meets the 1.5% central bank target… otherwise, the government has the right to kick the RBNZ Governor out of office (We’re not kidding). The RBNZ has the following tools in its monetary policy arsenal: By lending 25 basis points above this rate and borrowing at 25 basis points below the OCR to commercial banks, the central bank is able to control the interest rates offered to individuals and businesses. Open market operations are used to meet the cash target or the amount of reserves parked in commercial banks. By forecasting the cash target daily, the RBNZ is able to calculate how much money to inject in the economy in order to meet the target. Getting to Know the NZD. The New Zealand dollar is nicknamed “Kiwi.”It’s a bird! It’s a plane! No, wait, it’s really a bird. The Kiwi also happens to be the national symbol for New Zealand… but let’s focus on the Kiwi as a currency and its interesting characteristics. Show me the commodities! Since New Zealand’s economy is mostly dependent on its exports of commodities and agricultural products, the overall economic performance of the region is linked to commodity prices. If commodity prices rise, then the amount of money paid for New Zealand’s exports also rises, which then makes a larger contribution to the country’s GDP. Since a higher GDP reflects a strong economic performance, it could lead to an appreciation of the Kiwi.

Conversely, falling commodity prices result to lower monetary value of exports, making a smaller contribution to GDP. A lower GDP could then cause the Kiwi to depreciate. I move hand-in-hand with the AUD. Since Australia is New Zealand’s number one trade partner, the economic performance of Australia has a huge impact on New Zealand’s. For instance, when the Australian economy does well, Australian firms pump up their importing activities and guess who benefits from that? New Zealand, of course! …and, just like the AUD, I enjoy carry trades! Just like Australia, New Zealand enjoys higher interest rates compared to other major economies, such as the U. S., the U. K., or Japan. Interest rate differentials between economies often serve as indicators of money flows. Since investors prefer to receive higher returns, they’d sell lower-yielding investments in exchange for higher-yielding assets or currencies. In other words, the higher the interest rate, the more money flows in. I’d like more migration, please. Because New Zealand’s population is less than half the number of people living in New York City, an increase in migration into the country has a huge effect on the economy. This is because as the population grows, the demand for goods and overall consumption increases. Oh, I’m weather-sensitive too. New Zealand’s economy is also largely driven by its agricultural industry, which means that severe weather conditions such as droughts have a huge negative impact on their entire economy. Those heat waves are also prevalent in Australia, which is more frequented by forest fires, costing close to 1% of its GDP in damages.

This doesn’t do the NZD any good… Important Economic Indicators for the NZD. Gross Domestic Product – Just like any other nation, the gross domestic product (GDP) serves as an economic report card for New Zealand. By serving as a gauge of overall economic performance for the New Zealand, it influences the demand for the NZD. Consumer Price Index (CPI) – The consumer price index measures the change in price levels. As a measure of inflation, it is closely watched by the RBNZ in determining changes in monetary policy. They’re supposed to maintain price stability, remember? Balance of Trade – Since New Zealand is an export-driven economy, traders often take a look at their trade balance to gauge the international demand for New Zealand’s products. Positive GDP growth reflects the strong economic standing of New Zealand, boosting demand for its currency. Negative GDP growth highlights the poor economic performance of the country, dampening demand for the NZD. Higher demand for New Zealand’s products often results to a higher GDP, which then boosts the NZD. In contrast, lower exports make a smaller contribution to GDP, causing the NZD’s value to fall. Rising Commodity Prices.

Increasing commodity prices causes the monetary value of New Zealand’s exports to rise, pushing its GDP higher. Falling commodity prices, on the other hand, cause the monetary value of exports to fall, dragging its GDP down. Since the counter currency is the US Dollar, the changes in value are measured in Greenbacks. On a 100,000 unit NZDUSD position, each pip movement is worth $10 USD while on a 10,000 NZDUSD position size, each pip movement is worth $1 USD. For instance, if the current NZDUSD rate is 0.7000 and leverage is 100:1, 700 USD in available margin is required for a 100,000 NZD position. A 10,000 NZD position requires 70 USD in available margin. You see, because of the Kiwi’s relatively low value against the U. S. dollar, it requires the least amount of available margin among the other majors. That means it’s cheaper to trade the Kiwi! NZDUSD Trade Tactics. Strong economic reports from New Zealand result to an appreciation of the NZD so if there’s a good chance that an economic release could beat the consensus, it could be a sign to go long NZDUSD. Weak economic reports, on the other hand, push the NZD down.

If an upcoming report is likely to come in weaker than expected, it could be a chance to short NZDUSD. Aside from watching economic reports, taking note of commodity price behavior could also serve as an influence on NZDUSD price action. In recent history, commodity prices tend to surge when demand for riskier assets is also strong. During these times, investors place their money in higher-yielding assets such as gold and other commodities and sell the lower-yielding U. S. dollar. As a result, the commodity-based Kiwi gains strongly against the safe-haven US.. dollar. On the other hand, when risk aversion forces investors to flee back to the safe-havens, the NZD edges lower against the USD. Just like the AUD, the NZD is also a good candidate for carry trade. Since carry trades involve buying of a currency with high interest rates and selling of a currency with low interest rates, New Zealand’s relatively high interest rate provides support for the NZD. Australasia: New Zealand. Below is a list of online forex brokers which are regulated or registered in New Zealand. Be aware that just because a broker is registered with the New Zealand Financial Services Providers Register (FSPR) does not necessarily indicate that the broker is licensed or regulated in New Zealand or any other country. All financial service providers in New Zealand are required to register with the FSPR. Only those brokers that are licensed with the New Zealand Financial Markets Authority (listed as a Regulatory Authority of FMA below) can actually be considered to be regulated in New Zealand. There may be other brokers who say they are headquartered in New Zealand but are not listed here because they are not registered with the FSPR. Click on the links in the left column menu for forex brokers in other countries. Forex Brokers in New Zealand.

New Zealand (FMA) Regulation News. 4 Nov 2016, Auckland, New Zealand - LeapRate - The FMA has acknowledged the announcement by Commerce and Consumer Affairs Minister Paul Goldsmith of government approval to increase FMA funding. The Government has approved an . . . 3 Oct 2016, Auckland, New Zealand - Finance Magnates - The Financial Markets Authority has granted Plus500 its fifth regulatory license. Plus500 has just announced that following last week's acquisition of a license to operate . . . 2 Jun 2016, Auckland, New Zealand - SMN Weekly - New Zealand's business ministry issued on Wednesday a notice about the removal of forex brokers Solidary Markets Nz Ltd. , Sumo Forex Ltd. , and Tigerwit Prime Ltd. together . . . 17 Mar 2016, Auckland, New Zealand - SMN Weekly - New Zealand's authorities have removed the AceForex forex broker from the Financial Service Providers Register (FSPR), shows a list published on the country's Companies . . . 18 Dec 2015, Auckland, New Zealand - NBR - The High Court in Auckland has upheld the deregistration of Pakistani-owned foreign exchange firm Excelsior Markets, agreeing that the company didn't operate in New Zealand, and if . . . 29 Sep 2015, Auckland, New Zealand - Finance Magnates - After a precedent, a number of companies are expected to file appeals against their delisting from the Financial Service Providers. The past couple of months have led to . . . Forex Brokers in New Zealand. New Zealand, “the land of the long white cloud”, is a pristine natural paradise, far from the “madding crowd” of international commerce, but such is not the true reality of this country’s economy.

While their “cousin” to the north, Australia, is known for its exports of minerals from under the ground, New Zealand has focused on what grows out of the ground and what lives off of it. The “Kiwi” Dollar is a “commodity” currency, driven by agricultural exports, and if you have never savored New Zealand lamb, then you have never truly enjoyed this alternative to beef and chicken. New Zealand and Australia have both benefited by the enormous growth in the emerging economies of Asia. As burgeoning middle classes have increased their respective disposable incomes, their desire to eat better food has raised demand dynamics in favor of Kiwi exports. The New Zealand Dollar has appreciated, as a result, to higher levels than most analysts would have ever forecasted, and the desire of local investors to parlay these positive trends into investment gains has driven many to choose forex trading as an appropriate venue for this strategy. - Over 1M Account Registered - More than 250 Trading Instruments - MT4, MT5 and Web Trader Platforms - Full ECN Trading Model - Crypto-trading only avail. for FT Global Limited. – 40% New Member Bonus – MIFID, ASIC, FSA & FSCA regulated – Free Online Trading Coach. - Well established - Beginner friendly - Free Webinars. - Trusted Global Market Leader - Online FX & CFD Trading - 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more - Forex, Indices, Commodities, Equities & Bitcoin - Available to US traders. - Support in 18 languages - Negative balance protection - 245 Support. - Free ebooks, webinars + Tutorials - Free award-winning daily technical analysis from Autochartist - 1 on 1 account management + mt4 training. - Forex Pairs and CFD Trading - Tight Spreads as low as 1.2 pips - ESMA Compliant.

– Min. Deposit $5 – Up to 1:500 leverage with micro-lots (0.01 size) available for everyone – Scalping, hedging, trading on the news, and EAs are permitted at OctaFX. – First Time Deposit Match: 50% Up To Any Max Deposit. - Well Established - Good Educational Material - CySEC Regulated. – FREE Live trading signals delivered 3 times daily 5 days a week. – Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading. – Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals. - Phone and live chat support - PAMM Accounts Available. - $30 non-deposit Bonus up to $5,000 (t&c apply) - Very well regulated - 24 hour support. - 100% FTD Bonus(only non-EU) - Social Trading Features - Available in 25 languages. - 245 Customer support - Well established - Well regulated. - From 0.0 Spreads - No Fees - 9 Ways to Fund your Account. - 245 Support - FTD Bonus up to $4,000. - Automated mirroring service - One on one training - 24x5 customer support. Choosing a forex broker in New Zealand, however, requires more due diligence than in most other countries. Being cut off from most of the world has meant that New Zealand is “late to join the party”.

While currency trading has gained worldwide popularity as one more lucrative option to pursue, New Zealanders are in their initial phases of industry development, fraught with many of the same issues that other markets had to deal with in the early going, namely outrageous marketing claims and outright fraudulent activities from the criminal elements of society. Where there is money and a lack of experience, fraudsters will congregate until driven out by authorities. Activities are not totally unregulated, but at this stage of development, many believe that investor protection is pretty thin. Brokers must comply with standard anti-money laundering laws, and they must obtain licenses from the New Zealand Securities Commission, the financial oversight authority in the country that has established a framework of rules related to commodities and futures trading. Currency trading, however, is already big business, and the rules setting bodies are just now addressing this new genre. In other words, conditions resemble the “Wild West” where participants must protect themselves with more due diligence when choosing a forex broker. In many cases, traders defer to high quality brokers that have been in Australia for some time. Many of these have also set up shop in New Zealand, but many of the shadier variety have also rushed to the scene in search of easy commissions and investor deposits. Safety and security should be your primary concern in your selection process. Check credentials, seek recommendations from veteran traders, and read reviews that are truly independent. After satisfying these requirements, one can look more to software features, execution times, “slippage”, and fees for points of separation between competing firms.

To summarize, choosing a forex broker can be a daunting task, but do not shortcut this process, or you may live to regret it. Go to seminars and workshops to gain invaluable knowledge and seek out “mentors” in the industry. Choose a broker that meets all of your tests, from safety and security to providing all of the features, tools, and research necessary to ensure a favorable trading experience. As traders ourselves, we know how unnerving this can be at times, and to make your job easier, we have screened and selected a choice group of regulated brokers to be featured in our forex broker list above. Check it out, and make yours a winning career! Trade CFDs on over 345 spot and forward currency trading pairs, including major, minor and exotic FX pairs. Ђ‹Ђ‹New to forex trading? Find out more in our introduction to forex. Over 330 FX pairs. Spreads from 0.7 points. Award-winning platform Ђ. Risk management tools. Earn cash rebates^ 100% automated execution. Apply now to start trading.

Forex CFD product details. View the spreads, margins and trading hours for some of the most popularly traded FX pairs on our Next Generation CFD trading platform below. Interested in trading cryptocurrencies? Try CFD trading with virtual funds in a risk-free environment. Access our full range of products, trading tools and features. Award-winning platform. Our platform combines innovative trading tools with an intuitive interface. Native mobile apps for iPad, iPhone and Android give you access to your account wherever you are. Switch to CMC Markets. Change your provider to CMC Markets for: An award-winning trading platform with native apps Professional charting, powerful tools and innovative platform navigation 100% automated execution without dealer intervention Robust risk management functions including guaranteed stop-loss orders Cash rebates for high-volume traders ^ Try Countdowns for fast-paced, fixed-odds trading on popular financial markets. Just decide whether the price of a product will be above or below the current price at the end of a range of short-term timeframes, from just 30 seconds.

The Artful Trader. Mastering the art of the markets - insights from the trading experts. You may also be interested in: Breaking economic news and technical analysis from our global market experts. Choose from thousands of forex, indices, commodities, shares and treasuries products. Our free education tools and webinars are designed to help improve your trading skills. Ђ‹Ђ‹ *A minimum spread is the lowest spread that will be shown on the given product. If the underlying market spread widens throughout the trading day, or you are trading out of hours, the platform spread may also widen. The spreads shown are for the first price available for the average market tradebet sizes in the relevant product. The spread will widen for larger tradebet sizes, see our platform for more information. This data is provided for general information only and may not be current. Please refer to the product overview area of our trading platform for real-time information on the spreads, margin rates, commission (as applicable) and trading hours of a particular product.

Ђ‹Please note that the change in price that results in a P&L change equal to your stake size is represented by the last large digit in the price shown on the platform. Ђ‹ At the end of each trading day (5pm New York time), positions held in your account may be subject to a holding cost. The holding cost can be positive or negative depending on the direction of your position and the applicable holding rate. Historical holding rates, expressed as an annual percentage rate, are visible on our platform within the overview section of each product. View further details about our CFD trading holding costs. Ђ‹ Ђ‹ ^We offer competitive monthly cash rebates for clients who trade in high volumes and if you meet our monthly notional value requirements for one asset class, you automatically qualify for monthly rebates for all asset classes; Ђ‹conditions apply. Awarded 'Best Platform Features' and 'Best Research Tools', Investment Trends 2015 Australia CFD Report; 'Best Online Trading Platform', Shares Awards 2014. Choose New Zealand Forex Brokers For Highly Secure FX Trading. New Zealand is a relatively new entry to the retail trading industry, and although the country has several advantages going for it regarding economic and commercial viability, the retail Forex trading market had taken a massive hit due to the numerous financial scams that the country had witnessed over the years.

New Zealand’s regulatory guidelines of the past were rather inconsequential in tackling financial abuse, and a large part of the New Zealand economy plummeted during the financial crisis of 2007-08. The financial ruin was further magnified by the severe inaction and the highly complacent nature of New Zealand’s former regulatory organization, known as the Securities Commission of New Zealand. However, all that changed when the New Zealand Parliament acted on its shortcomings by dissolving the Securities Commission and introducing an all new regulatory authority that proved to be far more effective than any of the other regulatory agencies combined. The FMA (Financial Markets Authority) of New Zealand is single-handedly responsible for turning around New Zealand’s misfortunes by stemming the growth of scams and ensuring investor protection through proactive methods of regulation. Today, New Zealand Forex brokers are highly regarded for their commitment towards trader trust, honest brokerage services, genuine customer service, the safety of client funds, and an overall dedication towards maintaining the integrity of the markets. The primary duty of the FMA is to ensure that all Forex brokers follow the strict guidelines enforced by the regulatory organization, failing which, the FMA has full authority to issue, revoke, and cancel licenses along with inducing fines and other penalties for financial irregularities. Are New Zealand Forex Brokers Any Different From Other FX Companies? Forex brokers from New Zealand are largely similar regarding regulatory compliance when compared to other regulated companies from countries such as Australia, UK, and Europe. New Zealand FX brokers have also adopted a similar legal structure and services portfolio that are implemented by its Australian counterparts. Therefore, traders have extensive freedom while trading the markets, and do not face any limitations that are usually enforced by the agencies such as NFA and the CFTC. In fact, modern Forex brokers located in New Zealand are more concerned about consumer welfare due to the strict FMA regime. FMA is quick to impose penalties and revoke licenses if any broker is deemed to have deviated from any of the FMA guidelines.

The sanctions were extended to such an extent that even honest brokerages faced suspension of licenses due to them being unable to conform to the new standards of regulation. Several genuine and reliable Forex brokers had voiced their concerns over the inability of the FMA to organize a smooth transition from the Security Commissions guidelines, and some of the even had their licenses terminated for no apparent reason. The FMA has reinstated the licenses of all reliable Forex brokers operating in the country but has given specific guidelines to all companies to ensure that they adhere to the regulatory framework without fail. Therefore, as far as the safety of the investors is concerned, New Zealand and FMA provides the best regulatory environment for Forex trading. What Are The Different Forex Broker Regulation Authorities of New Zealand? The Financial Markets Authority (FMA) is the primary regulator for all financial companies in New Zealand. Brokers are also required to register their business with the Financial Service Providers Register (FSPR) and the Financial Services Complaints (FSCL) agency. A trader can always search whether a broker is genuine and regulated simply by searching the FMA, FSPR and FSCL databases for an in-depth analysis of the company. FMA releases periodic updates and press releases about the current state of the financial markets and the agency also issues warnings and notices about potential scams, unregistered business, and deregulated brokers. FMA ensures that every New Zealand investor has the best resources and information to stay protected against financial abuse, and to safeguard their investments from potential scams. Why You Should Choose FX Brokers From New Zealand. There are countless reasons for selecting a broker based in New Zealand. First of all, the new regulatory structure is highly conducive to a safe and secure trading environment. Forex brokers will always safeguard your trading capital, and will always ensure that you receive the best services without any compromises. Secondly, Forex brokers in New Zealand do not impose any trading restrictions.

Therefore, you can start trading with as low as $1, and use up to 1:3000 leverage or even higher, provided your broker offers such a significant amount of leverage. Here is a list of the best Forex Brokers in New Zealand: Meet Halifax Your gateway to the global markets. Trade Shares, Futures, Options, Forex and CFDs. 70 currency pairs indices & commodities 0.1 spreads from 100:1 leverage upto 0.01 minimum lot size $0 account fees 80 tradeable markets 3 trading platforms 36 exchanges worldwide. Get more than just competitive pricing and tight spreads with Halifax New Zealand. Our mission is to empower you with the technology and support you need to achieve your trading objectives – with in-depth education and a selection of online trading platforms. Get access to a wide range of global markets with Halifax. Trade Shares, Forex, CFDs, Options, Futures and ETFs all in one place. No matter your trading style we can help you achieve your investment goals. Trade anywhere, anytime with our range of advanced trading platforms - desktop, tablet and mobile. News Event Trading Signals. Trade signals sent directly to your inbox or mobile device for FREE. Learn to trade. Browse through our education centre from Halifax and explore with the Trading Academy.

Diversify your investments with our range of managed futures systems and stock trading portfolios. Trade anywhere, anytime with our range of advanced trading platforms - desktop, tablet and mobile. News Event Trading Signals. Trade signals sent directly to your inbox or mobile device for FREE! Let a computer trade for you, with automated trading from Halifax. Choose from hundreds of trading strategies. Diversify your investments with our range of managed futures systems and stock trading portfolios. Get access to a wide range of global markets with Halifax. Trade Shares, Forex, CFDs, Options, Futures and ETFs all in one place. Receive advanced technology and superior trading support - all for some of the lowest brokerage rates in the country. Discount Brokerage. The lowest brokerage rates on Australian and International shares in New Zealand. Trade global currency pairs online with spreads from 0.1 pips on major FX pairs with our ECN* rates.

New Zealand's lowest brokerage rates on Australian and International Stock and Index Options. Some of the lowest brokerage rates on CFDs in New Zealand. Everything You Need to Trade. Whether you are a novice trader, seasoned investor or professional institution we can provide you with the tools you need to succeed in the global markets. Get real time access to global markets. Simple, transparent pricing - that's the Halifax advantage. Get the help of our experienced trading team. Learn to Trade Confidently. Halifax’s range of step by step courses, video tutorials, engaging articles, educational events and real-time demos will help you develop the skills you need to navigate the worlds markets. Learn about the basics of trading at your own pace with educational articles, tutorials and courses. The best way to learn is by doing. Put your knowledge to the test on one of our free demo accounts. Start trading with a live account. Don’t worry though – we can help you out with daily trade ideas.

Created by traders for traders. With Halifax you’re backed by an experienced team of trading professionals. Whether you are a novice trader, seasoned investor or professional institution we can provide you with the tools you need to succeed in the global markets. Get real time access to global markets. Simple, transparent pricing - that's the Halifax advantage. Get the help of our experienced trading team. Open a Live Trading Account with Halifax. Halifax's respective entities, applicable jurisdictions including the independent regulatory body and license details. HALIFAX INVESTMENT SERVICES PTY LTD. ACN 096 980 522 ABN 52 096 980 522. AFS License* 225973. Company Number: 2130897 NZ BN: 9429032748079. NZ FSP License: 146605 Financial Markets Authority FMA. Entity Number 201405910183. Financial Industry Regulatory Authority CRD# 172567 Financial Industry Regulatory Authority FINRA. Entity Number 201405910183.

Securities Exchange Commission SEC# 8-69511 Securities Exchange Commission SEC. Entity Number 201405910183. National Futures Association NFA ID 0479264 National Futures Association NFA. Trade Risk Free - Sign up for a Demo Account. No commitments, no hassle, just trading. We'd love to hear from you. Get in touch with us. The AIG Building, Level 11, 41 Shortland Street, Auckland, New Zealand. Halifax New Zealand Limited FSPR 146605. Copyright © 2014 - 2017 All rights reserved. Testimonials listed by Halifax may not be representative of the experiences of other customers and are no guarantee of future performance of success. Trading in Contracts for Difference (CFD’s), Forex and Futures trading involves high risks, with potential for profits as well as substantial losses and is not suitable for all persons. Halifax suggests you seek advice from an independent investment professional as to the suitability of this product. Please be advised, the services and products offered by Halifax are not being offered within the United States and are not offered to U. S. residents. Halifax is not registered with any U. S regulator, including the National Futures Association ("NFA") and the Commodity Futures Trading Commission ("CFTC").

EasyTrade® is a registered trademark of Fortress Charter Trading Ltd. Top Rated New Zealand Forex Brokers. It`s never too late to move out to another country – either to start a new job, or to start a whole total new life. But if you are a Forex trader and you don`t want to change that part of your life, and then you need to prepare to some changes in your financial activity, as well. Probably, you are fully aware of the fact that different countries have their own different rules as to financial trading and traders in general. You need to accept these laws and regulations, if you want to be an official trader and to avoid some troubles with the state or government agencies. What we are going to talk about today is the essence behind financial trading in New Zealand. See all things and facts you need to know about Forex in New Zealand now. All those Forex beginners from New Zealand might find the next information quite useful, too! Forex trading in New Zealand – preliminary information. Forex trading in New Zealand is quite similar to trading in all other countries like Cyprus and UK, for instance. Wherever you are in the world, including in New Zealand, the rules for making trades are quite the same and usually, the brokers are very alike, too. This means that if you already have your own established Forex strategy, you can apply it here, in New Zealand with no doubt whether it will suit the local conditions. However, New Zealand has its individual rules and regulations regarding Forex trading and you’ll have to do your homework in advance – to learn more about them, to be aware what you can do and what you cannot do, to be extremely attentive for the details and brokers here. There are many options for trading Forex in case you are based in New Zealand. What really matters is choosing a method that suits you. Besides, if you find some difficulties in trading or you need to expand your knowledge and skills, you will be able to find some decent websites with such information that is usually offered for free and that will let you increase you daily or monthly profit.

Top Forex Brokers In New Zealand in 2018. What is the regulation of Forex brokers based in New Zealand? Experts say that Forex regulation is missing in New Zealand and what we can see here is not exactly a plan or strategy for making things quite official and legal here, but a way to simplify traders to gain more profits. In general, there are three main regulating bodies here in the country. Each of them has its own mission and methods to influence Forex world in NZ. Check out more about these three New Zealand regulators now: FSPR is the abbreviation behind Financial Service Providers Register. This is an agency that as you can guess by its name is responsible for the gathering and collecting data about all Forex brokers that are based and registered in New Zealand. But if agencies like this in other countries do offer both – official licenses and safety measures – Financial Service Providers Register is also in charge for the singing of the brokers. FSCL is also well-known by its full name Financial Services Complaints. Here is the place, where both – traders and brokers – can fill in documents for making a claim, complain or even a suggestion. The agency has a whole bunch of measures that must be provided to all brokers that are based in New Zealand, respectively they need to be obeyed, too. But if some broker does operate thanks to a fraud or there is a problem with a trader`s activity, FSCL takes the whole responsibility to investigate the case and to make its punishment, if there`s guilt. Last, but not least, FMA or Financial Markets Authority represents the main regulator of the whole Forex world here in New Zealand. If the previous two agencies have their own authorities to make something, to ban or to punish, Financial Markets Authority is the big leader among the three organizations. FMA can accept complaints, by the way, too, but it is also responsible for the right registration of the brokers.

Transparency, though, looks to be the main mission Financial Markets Authority has acquired through the last few years and since then, the brokers in New Zealand have indeed, become fairer and cleared as to their rules, navigation, website support and performance of the trades. Trading in New Zealand is safe, funny and really profitable. You will not make a mistake, if you try your luck and test your Forex skills here, because we do guarantee you, this is a country with really good brokers and even better regulation no matter how many people claim it`s missing. Australasia: New Zealand. Below is a list of online forex brokers which are regulated or registered in New Zealand. Be aware that just because a broker is registered with the New Zealand Financial Services Providers Register (FSPR) does not necessarily indicate that the broker is licensed or regulated in New Zealand or any other country. All financial service providers in New Zealand are required to register with the FSPR. Only those brokers that are licensed with the New Zealand Financial Markets Authority (listed as a Regulatory Authority of FMA below) can actually be considered to be regulated in New Zealand. There may be other brokers who say they are headquartered in New Zealand but are not listed here because they are not registered with the FSPR. Click on the links in the left column menu for forex brokers in other countries. Forex Brokers in New Zealand.

New Zealand (FMA) Regulation News. 4 Nov 2016, Auckland, New Zealand - LeapRate - The FMA has acknowledged the announcement by Commerce and Consumer Affairs Minister Paul Goldsmith of government approval to increase FMA funding. The Government has approved an . . . 3 Oct 2016, Auckland, New Zealand - Finance Magnates - The Financial Markets Authority has granted Plus500 its fifth regulatory license. Plus500 has just announced that following last week's acquisition of a license to operate . . . 2 Jun 2016, Auckland, New Zealand - SMN Weekly - New Zealand's business ministry issued on Wednesday a notice about the removal of forex brokers Solidary Markets Nz Ltd. , Sumo Forex Ltd. , and Tigerwit Prime Ltd. together . . . 17 Mar 2016, Auckland, New Zealand - SMN Weekly - New Zealand's authorities have removed the AceForex forex broker from the Financial Service Providers Register (FSPR), shows a list published on the country's Companies . . . 18 Dec 2015, Auckland, New Zealand - NBR - The High Court in Auckland has upheld the deregistration of Pakistani-owned foreign exchange firm Excelsior Markets, agreeing that the company didn't operate in New Zealand, and if . . . 29 Sep 2015, Auckland, New Zealand - Finance Magnates - After a precedent, a number of companies are expected to file appeals against their delisting from the Financial Service Providers. The past couple of months have led to . . . Looking to get started with Forex Investments in New Zealand ? Then we can help? At invest. org. nz we have sourced out information that will help you in deciding if Forex trading is right for you. In this section we will explain what is Forex and how to get stated with Forex trading in NZ. Forex trading is the buying, selling, exchanging and speculation of currencies. Foreign exchange comprise of banks, commercial companies, investment management firms, central banks, hedge funds, and retail forex brokers and investors. The forex market is globally thought of as the largest financial market in the world.

Forex trading in New Zealand is pretty similar to trading anywhere else in the world. Similar principles and strategies apply all over the world. Of course, NZ may have it’s own rules and regulations regarding Forex trading and you’ll have to do your due diligence and find this out on your own. Forex can be traded on many platforms . You may wish to do it yourself, trade on social trading websites such as Currensee, eToro or FX Junction, invest your money with a professional and let them do the job while you reap the profits, etc. There are many ways of trading in forex if you’re based in New Zealand . What really matters is choosing a method that suits you. It is perfectly understandable for the Forex beginner in New Zealand to feel overwhelmed. There is just so much information to digest and it almost seems overwhelming. The best way is to take baby steps. Help can be found in books, Forex trading forums online, videos you may wish to find a broker to guide you.



Articles:

  • Forex trading new zealand