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High Risk Warning: Trading forex carries a high level of risk.

HomeForexRegulators

FMA

Last updated May 3, 2026

4
Regulated Brokers
Country
New ZealandNew Zealand
Jurisdiction
New Zealand
Tier
Tier 1

Highest level of investor protection with strict capital requirements and segregated client funds.

Max Leverage
No mandated cap

This regulator does not publish a mandated retail leverage limit.

Official Website
fma.govt.nz

New Zealand's Financial Markets Authority licenses and supervises financial service providers under the Financial Markets Conduct Act. FMA-registered brokers must meet conduct obligations and disclose risks, though New Zealand does not impose a retail leverage cap, meaning clients may access higher leverage than in Australia or the EU.

Verify on official register

Check a broker's licence status directly on FMA's public register.

Official public register

FMA Regulated Forex Brokers

4 brokers

IG

Trending
2 bonusesFCA, ASIC
4.8/ 5

IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.

Min. deposit: No minimum

Spreads from 0.6 pips

Up to 30:1

Read Review

Pepperstone

4 bonusesFCA, ASIC
4.7/ 5

Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $7/lot

Up to 500:1

Read Review

CMC Markets

2 bonusesFCA, ASIC
4.5/ 5

FCA-regulated and LSE-listed with one of the best proprietary platforms in retail FX and CFDs.

Min. deposit: No minimum

Spreads from 0.7 pips

Up to 30:1

Read Review

BlackBull Markets

2 bonusesFSC, FMA
4.1/ 5

New Zealand-regulated ECN broker with all three major platforms, no minimum deposit on standard accounts, and good Asia-Pacific coverage.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $6/lot

Up to 500:1

Read Review

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Frequently Asked Questions

FMA is classified as a Tier 1 regulator. Highest level of investor protection with strict capital requirements and segregated client funds.

We currently list 4 forex brokers regulated by FMA. The full list is shown above, sorted by overall trader rating.

FMA is based in New Zealand and covers the New Zealand jurisdiction. As a Tier 1 regulator, it enforces strict capital adequacy, client fund segregation, and compensation schemes, making it one of the safest options for retail traders.

Visit the official FMA website and use their public register or licence verification tool. Enter the broker's registered name or licence number to confirm its status. This is the most reliable way to check a broker's regulatory standing.

Compensation availability depends on the specific rules of FMA in New Zealand. Tier 1 regulators typically operate investor compensation schemes covering a portion of client funds. Check the regulator's official guidance for current limits and eligibility criteria.