New Zealand (NZ) Licensed Forex Brokers

I have created this website as when I wanted to open a trading account with a New Zealand based forex broker, there was no information where I could compare brokers to see who they are and whether they were a licensed broker etc. My research found many websites that offered comparisons but they were showing advertisements so I was skeptical to whether the information was accurate or was being altered due to advertisements being paid for? This site does not receive payment from advertisers and does not receive payment from you visiting it and clicking on links etc. 

New Zealand Derivatives Issuers License

In New Zealand if you offer products such as foreign exchange and/or contracts for difference on margin or rolling spot contracts, and these are offered to retail investors, you must be licensed by the Financial Markets Authority, registered on the Financial Services Provider Register and you must be a member of the Financial Dispute Resolution (FDR scheme), New Zealand. 

The license required to offer products to retail investors is called a ‘Derivatives Issuers License”. The benefit in dealing with a Licensed Derivatives Issuer is that it places quite strict obligations on the person holding the license. These obligations include:

  • Minimum capital requirements
  • Segregation of client money to that of the licensee
  • Fair dealing provisions, including pricing and not being able to make false statements
  • High level of systems, business continuity and staff requirements
  • Ability to raise complaints with a dispute resolution scheme and ultimately to the FMA.
  • Licensees are subject to external audits that look at Financial Statements, meeting license capital requirements and risk audits that relate amoung other things that check that client money is accounted for and has been segregated at all times.
  • Professional Indemnity Insurance

For more information I suggest that you see the FMA’s website https://www.fma.govt.nz/investors/ways-to-invest/derivatives/ and Financial Dispute Resolution website https://fdrs.org.nz/

Sorted by incorporation date (as of August 2021)

Full Legal NameJarden Securities Limited
Pacific Financial Derivatives Limited
CLSA Premium New Zealand Limited
CMC Markets NZ Limited
IG Markets Limited
IG Australia PTY LTD
CTRL Investments Limited
Black Bull Group Limited
Plus500AU Pty Ltd
Rockfort Markets Limited
Trademax Global Markets (NZ) Limited
EncoreFX (NZ) LimitedAxiCorp Financial Services Pty LtdBL Global Markets Limited
Trading NamePFD-NZCMCIG MarketsHFTradingBlackbull MarketsPlus500TMGMAxitraderBL Global 
FMA LicenceDerivatives issuers, FSP3202
Derivatives issuers, FSP28944Derivatives issuers, FSP1762Derivatives issuers, FSP41187Derivatives issuers, FSP18923
Derivatives issuers, FSP684191
Derivatives issuers, FSP197465Derivatives issuers, FSP403326Derivatives issuers, FSP486026Derivatives issuers, FSP509766Derivatives issuers, FSP569807Derivatives issuers, FSP461386Derivatives issuers, FSP518226Derivatives issuers, FSP703051 (previously FSP414426)
Licence granted
status
01.10.2016
Active
27.02.2015
Active
03.11.2016
Active
12.12.2014
Active
26.02.2015
Active
20.01.2015
Active
12.08.2020
Active
30.09.2016
Active
26.02.2018
Active
27.08.2018
Active
01.08.2016
Suspended at 24/04/2020
01.06.20018
Suspended at 29/07/2019
18.01.2016
Suspended at 17/10/2019
Incorpora tion date10.05.199510.08.199906.09.200126.10.200511.06.200930.03.201018.09.201406.07.201509.10.201528.07.201718.08.201513.09.201617.10.2019
Websitewww.jarden.co.nzwww.pfd-nz.comwww.clsapremium.comwww.cmcmarkets.comwww.ig.comwww.ctrlinvestments.com
www.hftrading.com
www.blackbullmarkets.comwww.plus500.co.nzwww.rockfortmarkets.comwww.tmgm.comwww.encorefx.co.nzwww.axi.comwww.blgm.co.nz
Previous Names (in 5 years)First NZ Capital Securities LimitedKVB Kunlun NZ LimitedMahiFX Limited/
Mahi Capital Limited
GPP Markets LimitedCarrick Just Capital Markets LimitedGCG Markets Limited
Address in New ZealandLevel 14, 171 Featherston Street, Wellington, 6011, New Zealand12-26 Swanson Street, Level 8, Auckland Central, Auckland, 1010, New ZealandUnit 401, Level 4, 8 Commerce Street, Achilles House, Auckland, 1010, New ZealandLevel 25, 151 Queen Street, Auckland, 1010, New Zealand21st Floor, 171 Featherston Street, Wellington, 6011, New ZealandLevel 13, 1 Albert Street, Auckland Central, Auckland, 1010, New ZealandLevel 20, 188 Quay Street, Auckland Central, Auckland, 1010, New ZealandBell Gully, 171 Featherston Street, Wellington Central, Wellington, 6011, New ZealandLevel 2, 22 Fanshawe Street, Auckland Central, Auckland, 1010, New ZealandLevel One, 1 Kingdon Street, Newmarket, Auckland, 1023, New ZealandThe Liquidator, 2 Takutai Square, Auckland Central, Auckland, 1010, New ZealandBDO AUCKLAND, Tracy ROWSELL, Level 4, 4 Graham St, Auckland, 1010, New Zealandlevel 15, 55 Shortland Street, Auckland Central, Auckland, 1010, New Zealand
ForexyesyesyesyesyesyesyesyesyesN/AN/AN/A
CFDsyesyesyesyesyesyesyesyesyesN/AN/AN/A
SharesnonoyesyesyesnoyesyesyesN/AN/AN/A
Options/ Futures/
ETF
no/no/nono/no/nono/no/yesno/no/noyes/no/yesyes/yes/yesN/AN/AN/A
CryptosnonoyesyesnoyesyesyesN/AN/AN/A
Spread pageSee websiteSee websiteSee websiteSee website page and this pageSee websiteSee websiteSee websiteSee websiteSee websiteN/AN/AN/A
Commission chargePro: $1 per side/lot commission applies; Trader:  Commission freeno informationno info about forex commission, juts CFD commission1.  OTC account type: Commission-free for FX  2. DMA (Forex Direct)  From $10 per $1 millionno commission$6.00 R/T per Lot Fro ECN Prime account (No Commission for standard account )no commissionsFrom $0.07 per micro-lot($7)(No information $7 per round-turn or one way)$3.5 ($7.0 round turn) Edge account type.  No commission for Classic (Basic) account type.N/AN/AN/A
Commission page on webSee websiteSee websiteSee websiteSee websiteSee websiteSee websiteSee websiteSee website
Leverage1:300 or 1:100up to 1:2001:5001:100,1:250 or 1:30(for Australian)from 1:30 to 1:200up to 1:500up to 1:301:100 up to 1:500up to 1:200
Leverage on webSee websiteSee websiteSee websiteSee websiteSee websiteSee websiteSee websiteSee websiteSee website
Trading platformx24/cTrader/ MarketTrader/
CommTrade
MT4, FIX APIMT5MT4/CFD Next Generation
platform
MT4/L 2 Dealer/ ProRealTimeMT4/WebtraderMT4/MT5/WebTraderPlus500MT4/Trader WorkstationMT4/MT5/IRESS
Deposit WithdrawalWindCave, POLi,Bank wire,PayPalBank WireSee websiteMastercard/Visa, Skrill, Neteller/V Pay/Bank wireBank Wire, WindCave, Skrill, Neteller, China Union Pay, FasaPayBank wire, WindCave, Skrill, iDeal, BPAY, Klarna, GiroPay, PayPalWindCave/POLi/Bank WireBank Wire, Neteller, POLi, Skrill
Minimum deposit0$250/$5000/$10000       Account types: silver/gold/platinum $200/$2000/$20000 Standard/Prime/
Institutional
Standard $500/ Pro $20000Same, $100/$100  Classic/Edge
NoteJardens recently bought a long establish broker (OM Financial Limited) who had the C-Trader Platform. 
Jardens is a large Securities House. 

From public information, their  commissions or spreads cannot be seen. 
Securities and funds management appears to be their main business, not Forex.
This firm offers Forex and CFD only.

Their Forex trading cost, spread plus their commission ($2 RT = about 0.2 pips), appears competitive.

They show live spreads on their website.
https://www.pfd-nz.com/spread
This firm was previously known as KVB Kunlun NZ Limited. They have been subject to FMA related litigation 

See more  

See more on FMA 

CLSAP (formerly KVB Kunlun) ordered to pay $770,000 for anti-money laundering breaches

CMC have a number of licenses and is  one of the larger Forex brokers. 
They have a NZ office. 
Trading costs are on the less competitive side. .
One of the larger Forex brokers with many types of contracts. 
 
Their Forex trading cost is on the less competitive side. 

Their address in New Zealand is  law firm called Bell Gully. This is the same as PLUS500. They appear to not have a NZ physical office. 
IG has 2 Derivatives Issuer licenses in NZ under different company names: IG Markets Limited  and IG Australia PTY LTD.  IG Australia PTY LTD (NZBN:9429047618251; Company number:7639257) newly obtained a Derivatives Issuer license from FMA in July, 2021. 
Formerly known as  MahiFX Limited or Mahi Capital Limited

Their Trading website www.hftrading.com has no company information and 
their company website 
www.ctrlinvestments.com  has no trading information
A newly licensed broker –  August 2020. 

The Forex minimum spread itself is narrow on their website but after including  their commission ($6 RT = about 0.6 pips), their total cost is less competitive / average.

They offer multi-trading platforms, MT4 MT5 and Webtrader.
One of the larger Forex brokers with many types of contracts. 
Their Forex trading cost is on the less competitive side. 

Their address in New Zealand is  law firm – Bell Gully. This is the same as  IG. They appear to not have a NZ physical office.
This firm offers many types of contracts.

The Forex minimum spread itself is narrow on their website but after including  their commission ($7RT = about 0.7 pips), their total cost is less competitive / average.

They changed their name recently, July 2019. Formerly known as GPP Markets Limited
This firm offers many types of contracts.
The Forex minimum spread itself is narrow on their website but after including  their commission ($7RT = about 0.7 pips), their total cost is less competitive / average.
They have changed their name recently. In  May 2020 it was changed from  Carrick Just Capital Markets Limited or CJC Market to Trademax Global Markets.
Full Legal NameJarden Securities Limited
Pacific Financial Derivatives Limited
CLSA Premium New Zealand Limited
CMC Markets NZ Limited
IG Markets Limited
and 
IG Australia PTY LTD
CTRL Investments Limited
Black Bull Group Limited
Plus500AU Pty Ltd
Rockfort Markets Limited
Trademax Global Markets (NZ) Limited
EncoreFX (NZ) LimitedAxiCorp Financial Services Pty LtdBL Global Markets Limited

(In case a broker has licenses in other countries, you have to pay attention that your application is with the New Zealand registered entity and that you have not signed with an entity located overseas, as your money may not be protected.)

I have put together a summary of information based on what I was looking for when I was looking for a broker. If I have published any information you feel is incorrect, please email me so I can correct it. My email address is: [email protected]

In addition to this, if anyone has a comparison webpage of other countries that shows the same information and is independent (free from advertising) please let me know so I can link to your website.

Disclaimer: 

This website is for informational purposes only. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice. Please note that this website is based on public information and has been summarized with my best effort, however I do not guarantee the accuracy. Please make your own decisions on an informed basis and conduct your own research.