Best CFD brokers in New Zealand

The best CFD brokers in New Zealand will depend on your individual trading needs and goals. Some of the key factors to consider when choosing a CFD broker in New Zealand include regulation, fees and commissions, the trading platform, asset selection, and customer service.

In New Zealand, CFD brokers are regulated by the Financial Markets Authority (FMA). Some popular CFD brokers in New Zealand include Plus500, eToro, and IG, but there are many other brokers to choose from.

When comparing CFD brokers in New Zealand, it’s important to carefully research and compare their offerings and to carefully read and understand the terms and conditions of the CFD contract before you start trading. It’s also a good idea to read reviews and check the broker’s reputation to get a sense of their reliability and customer service.

What is the Financial Markets Authority (FMA)

The Financial Markets Authority (FMA) is the regulator of the financial services industry in New Zealand. It was established in 2011 and is headquartered in Wellington. The FMA’s mandate is to promote and facilitate the development of fair, efficient, and transparent financial markets in New Zealand.

The FMA is responsible for regulating the conduct of financial service providers, including banks, insurers, financial advisers, and fund managers. It is also responsible for licensing and supervising financial service providers, and for enforcing compliance with the financial markets laws and regulations.

The FMA also plays a role in promoting investor and consumer protection by providing education and information to the public, and by investigating and taking action against misconduct in the financial markets. It works closely with other regulators, such as the Reserve Bank of New Zealand and the Commerce Commission, to ensure the integrity and stability of the financial system.