/11/09 · Here at TopRatedForexBrokers, we’ve reviewed hundreds of different forex brokers, who accept traders from New Zealand, to create a definitive list of places to trade. Our forex experts put each broker through a rigorous testing process to ensure that it offers a high-quality experience to New Zealander traders Forex trading NZ. At 24Forex (Forex trading) we hope to bring you the most current, and cutting edge investments available on the market. With our team of leading specialists available to give the support necessary to grow and build a successful diversified portfolio A Forex trading Bonus NZ broker, essentially, purchases and sells on your behalf on the “trading floor.” While the Forex market does not have a centralized exchange, like the stock market, only large traders such as financial institutions have direct access to the network where the trades are conducted
17 Best New Zealand Forex Brokers for - blogger.com
To find the best forex broker in New Zealand all six FMA regulated NZ forex brokers were compared based on forex trading platform and spreads. Other factors considered include trading speed, commissions and forex trading platforms nz speeds. Fact Checked. Any new or experienced forex trader that resides in NZ should only use an FMA regulated forex broker.
The Financial Markets Authority have strict requirements for brokers from training requirements, segregated trading accounts to leverage caps. When determining which of the seven FMA regulated brokers are right for you forex trading platforms nz most important feature is the forex trading platform they offer. This trading software directly impacts the way you trade including the functionality and charting package offered, forex trading platforms nz.
The second factor is forex trading platforms nz trading fees which directly impact the profit a trader may make. The two most common fees are spreads the difference between the buy and sell for a currency pair and the commissions based on trading volume.
Other factors to consider is the level of customer service the broker offers and training program and lastly the range of markets offered from the stock market to trading commodities. To summarise, the five key features to consider when choosing a forex broker are: Regulation Forex Trading Platform Trading Fees Customer Support Range of markets.
This means that individuals can trade directly with liquidity markets know as straight-through-processing STP. In the case of Blackbull, liquidity providers include the Bank of America, Credit Suisse and HSBC.
To help you get the best possible spreads, BlackBull has its own proprietary aggregation system designed to ensure liquidity providers are competing with each other to bring you the best spreads. Below shows the three ECN broker accounts available for NZ forex traders. The standard account is designed for beginners with just a spread charged and no forex trading platforms nz. This simpler cost structure makes it easier to calculate trading costs for novice traders.
With no commissions charged, the spreads are wider than other accounts, which is why experienced traders rarely choose this option. This account is best for traders wanting the lowest spreads available to retail traders. Spreads start from 0. Which low spreads and low commissions costs this account an excellent choice for scalpers and high-volume traders. Spreads for this account start from 0.
BlackBull offers the two best forex trading platforms based on popularity, MetaTrader 4 and MetaTrader 5. Below shows that while MetaTrader 4 is the older trading software of the two, it remains the choice for forex trading vs MetaTrader 5 which is designed for CFD trading, forex trading platforms nz.
What makes Blackbull the best MetaTrader broker is its superior infrastructure for MetaTrader 4. This includes the use of the NY4 Equinix data centre in New York forex trading platforms nz connect you with their liquidity providers. However, to ensure you get the fastest possible execution for your trades, Blackbull can also connect you with fully functional servers in London, Japan, Hong Kong and Shanghai where the proximity may be better for your location.
Other enhancements to their forex trading platform include the add-ones of ZuluTrade and Myfxbook for social trading. BlackBull traders also have access to Virtual Private Servers VPS through VPS Trading, NYC Servers or Beeks FX. The enhances the forex trading platform execution speed to as low as 1ms. BlackBull was founded in NZ and uses Auckland for its headquarters. This is also where their main customer support is based during business hours, which is complemented by the Malaysian office for support outside of business hours.
Key points of contact including:. Traders who make a deposit receive free education tools including videos, guides and a trading glossary. CMC Markets allows trading CFDs forex trading platforms nz the world with FCA regulation formally FSA in the UK to ASIC regulation in Australia. Within New Zealand they are licenced by the FMA to provide contracts for difference CFDs and countdowns across:, forex trading platforms nz.
Below shows the spreads offered by the regulated broker on the core markets, ranging from Forex to cryptocurrencies. Spreads for most major currency pairs start from 0. Other CFDs with no commissions include indices, cryptocurrencies, hard and soft commodities and treasuries. If you do wish to purchase share CFDs then you can choose over shares across 23 markets including NZX, ASX, NYSE, LSE.
The commission will vary for each market but if you trade on the NZX the fee is 0. Trading on the ASX will cost you 0.
USD CMC offers a choice to 2 trading forex trading platforms nz. Next Generation is a solid alternative to MT4, it offers technical indicators and over 70 chart patterns across 12 types of charts.
Perhaps the most interesting feature is the availability of a guaranteed stop-loss order GSLO. As CMC has its own trading platforms, it is one of few brokers that can offer this feature. A GSLO is the same as a stop-loss order but CMC will guarantee to close out of the trade at the price you set for a small premium.
Best of all, if you close your trade without needing to use the GSLO, then the entire GSLO cost will be refunded, forex trading platforms nz. Their prosperity forex platform is designed for desktop and mobile app, forex trading platforms nz. CMC Markets offers leverage on major currency pairs of up to There is a high level of risk when trading at this level, forex trading platforms nz, so only experienced traders with a high-risk threshold should consider choosing the maximum leverage available.
Maximum leverage ranges for other products with of indices, forex trading platforms nz, for treasuries, and for commodities. You can view more leverage information on the CMC Markets review. It should be noted leverage is more limited with their FCA UK and CySec Cyprus subsidiaries in Europe. Should you start trading with CMC, it may useful to note that this broker does have an office in New Zealand not all broker do at Level 25, Queen Street, Auckland which can be useful if you desire a broker with a local presence, forex trading platforms nz.
IG is one of the largest retail fx broker worldwide marketing itself as an all-in-one trading solution provider. They provide stockbroking, currency and CFDs trading services across a number of forex platforms, forex trading platforms nz. Traders also benefit from a range of inclusive tools that come with their account include a range of risk management tools and a large education library about trading.
You can find more about IG with our in-depth review here. If you choose to do share trading, IG offers NZ traders share with market-based spreads across 12, companies and a 0.
Overall, spreads and commissions vary by CFDs with some more competitive than others. CMC overall spreads and commissions were viewed as more competitive compared to IG. IG offers a large and diverse range of products for trading across over 17, markets which is great for portfolio diversity. Very few brokers can offer the range of products that IG Markets offer. Products include:. Should you wish to sign up with IG, it may be useful to know the broker does not have an office in New Zealand.
Plus has its own trading platform which means forex trading platforms nz can offer a range of tools not always found with other brokers. These include:. Plus is a global broker with regulation in South Africa FSCASingapore MAS to CySEC Cyprus. One weakness of choosing Plus is that the broker does not have an office in New Zealand, which may present issues should you forex trading platforms nz to engage with the broker in person, forex trading platforms nz.
Hantec Markets New Zealand is part of the Hantec Group which also has regulated entities for forex trading in Australia, Japan, England and Vanuatu. The company has its headquarters in Hong Kong where it was founded 30 years ago and has been licenced to offer derivatives by the FMA in New Zealand since November Choosing Hantec Markets gives you access to commissions free spreads starting from 0.
The broker uses Straight Through Processing STP which means there is no dealing desk. No dealing desk ensures your orders receive the most optimal execution and pricing when you trade.
Hantec offers the most popular forex trading platform, MetaTrader 4 for both Windows and Mac via an emulator. This is the platform most used by online brokers worldwide and by many of the top brokers across forex markets.
MetaTrader 4 MT4 is suitable for a range of trading experience forex traders with Hantec Markets offering based currency including GBP, USD and EUR. There is also the option of a demo account to trade virtual funds before real money, forex trading platforms nz. The best cTrader forex broker in NZ is Jarden Securities. Jarden are specialist when trading derivatives and offer the following products for trading:.
Jarden offers a choice of 4 platforms for trading and it is important you choose the right platform for trading your desired CFD. The following platforms are available. If you are looking for an alternative mainstream platform to MetaTrader 4 or MetaTrader 5 that has no cost to use, cTrader is a popular choice. cTrader has lightning-fast execution which makes the platform popular with scalpers, high-frequency traders, copy traders and for automation.
In addition to this, forex trading platforms nz, the platform has Depth forex trading platforms nz Market Level II pricing and a number of useful technical analysis features such as multi-charting and multiple forex trading platforms nz frames when charting.
Rockfort Markets is an FMA regulated broker that offers both CFD and share trading. Two popular mainstream trading platforms are available to choose from — MetaTrader 4 and Trader Workstation. Both software options can be used as desktop and webtrader platforms, as well as mobile trading apps for iOS and Android devices, forex trading platforms nz. A range of financial instruments is available to trade with Rockfort Markets as CFDs or physical assets.
As well as CFDs, longer-term investment opportunities include trading shares, forex trading platforms nz, options, futures and ETFs as physical assets. Rockfort Markets provide access to thousands of different stocks to trade from 14 different countries. Brokerage fees are competitive:. Overall, Rockfort Markets may be well-suited if you are looking to trade a range of CFDs alongside a selection of longer-term investments such as stocks and ETFs.
To determine the best forex broker in New Zealand we compared in April the most important elements that matter for NZ traders. These include leverage, trading platforms to customer service. This is summarised in the table below. Overall, the low spreads offered by BlackBull Markets, choice of the two leading forex trading platforms and strong trading environment including fast execution speeds led to the broker been considered the best in New Zealand.
3 Best Forex Brokers for 2020
, time: 9:2510 Best Online Trading Brokers for Traders in New Zealand ()
/11/09 · Here at TopRatedForexBrokers, we’ve reviewed hundreds of different forex brokers, who accept traders from New Zealand, to create a definitive list of places to trade. Our forex experts put each broker through a rigorous testing process to ensure that it offers a high-quality experience to New Zealander traders IC Markets is one of the most renowned Forex CFD provider, offering trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity Forex trading NZ. At 24Forex (Forex trading) we hope to bring you the most current, and cutting edge investments available on the market. With our team of leading specialists available to give the support necessary to grow and build a successful diversified portfolio
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