Forex regulation in New Zealand
This page explains the authorities and public records connected with retail forex and CFD activity in New Zealand. Rules can depend on the product, legal entity, client type and location.
Regulatory overview
Derivatives issuers need an FMA licence; a small number of brokers hold one.
Authorities
Broker records
| Broker | Authority | Licence | Status | |
|---|---|---|---|---|
 Plus500 9.0/10 | FMA (New Zealand) | 486026 | Review pending | View licence record |
 CMC Markets 8.5/10 | FMA (New Zealand) | FSP41187 | Review pending | View licence record |
 IG 8.5/10 | FMA (New Zealand) | FSP18923 | Review pending | View licence record |
 ThinkMarkets 8.4/10 | FMA (New Zealand) | Not confirmed | Review pending | View licence record |
 Axi 8.3/10 | FMA (New Zealand) | FSP 518226 | Review pending | View licence record |
 BlackBull Markets 7.7/10 | FMA (New Zealand) | FSP403326 | Review pending | View licence record |
Client protections
Under FMA (New Zealand)
- Client-money rules
- Applies in limited circumstances
- Capital requirements
- Varies by licence
- Negative balance protection
- Not confirmed
- Leverage restrictions
- Not confirmed
- Compensation scheme
- Not confirmed
- External dispute resolution
- Not confirmed
- Risk disclosures
- Required for relevant firms
- Reporting or audit
- Required for relevant firms
Complaint routes
We have not confirmed a public complaint-submission route for an authority in New Zealand. Check the official website and the broker's governing documents.
Official warnings
Frequently asked questions
Is forex trading regulated in New Zealand?
FMA (New Zealand) is the authority on record for New Zealand. Derivatives issuers need an FMA licence; a small number of brokers hold one.
Does a foreign licence protect a trader in New Zealand?
Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.