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Libertex
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Verified Jun 15, 2026
Best Carry Trade Forex Brokers in New Zealand
Last updated September 2, 2026
The top regulated brokers offering Carry Trade accounts to New Zealand traders — compared on spreads, fees, regulators, and minimum deposit.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Top Shortlist for New Zealand
Full ComparisonPersonalized broker matching
Need a faster shortlist than reading every New Zealand page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Carry Trade in New Zealand
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Carry Trade in New Zealand
TIO Markets
Offers Carry TradeMin. deposit $50
- Offers Carry Trade
- Regulated: FCA (UK)
- Minimum deposit $50
FCA (UK)
#2 · Best alternative
Libertex
Offers Carry TradeMin. deposit $10
- Offers Carry Trade
- Regulated: CySEC (Cyprus)
- Minimum deposit $10
CySEC (Cyprus)
Why these two
Both brokers here are confirmed to offer Carry Trade for New Zealand traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in New Zealand.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What do Carry Trade brokers actually cost New Zealand traders?
Across the 4 Carry Trade brokers available to New Zealand traders on this page, the median researched EUR/USD spread is 0.65 pips, ranging from 0.0 to 1.0 pips, with 3 of those figures taken from the broker's own published specification.
Carry Trade brokers for New Zealand traders
Carry trade brokers offer New Zealand traders favorable swap rates — earn positive overnight interest by buying high-yield currencies and selling low-yield ones. Our current ranking starts with TIO Markets where it is available, followed by Libertex, BlackBull Markets, and Deriv. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 4 brokers for New Zealand traders. The median minimum deposit across the listed brokers is $7.50 — low — most traders can start with a modest balance. Local oversight for New Zealand traders sits with FMA. Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. Oversight relevant to traders in New Zealand sits with FMA.
Country Offers
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Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
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BlackBull Markets
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Verified Jun 15, 2026
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Quick Rankings
Get your personalized toplist:
FIND MY BROKER| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| 0.1 | NZ$0 | 1 business day | $3.00/lot | Same day | 0.2 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed |
Rank 01 · best overall
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Commission
Confirm current terms directly
Open time
—
USDJPY
—
Rank 02
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Commission
From 0.003% per trade
Open time
—
USDJPY
—
Rank 03
Spread
0.1
Min dep.
NZ$0
Withdrawal
1 business day
Commission
$3.00/lot
Open time
Same day
USDJPY
0.2
Rank 04
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
USDJPY
—
We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
BlackBull Markets Review Summary
BlackBull Markets is a local New Zealand broker offering FMA regulation, raw spreads from 0.1 pips, and POLi instant payments.
Pros
- Regulation varies by entity
- Minimum deposit: NZ$0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Frequently Asked Questions About Carry Trade Forex Brokers in New Zealand
Frequently Asked Questions
The best carry trade brokers for New Zealand in 2026 include IC Markets and Pepperstone (competitive swaps), IG (transparent overnight rates), and Exness (extended swap-free option on select pairs).
Traditional carry pairs: AUD/JPY, NZD/JPY, USD/JPY (when rate differential favors USD), MXN/JPY, ZAR/JPY. The best pair depends on current central bank rates.
Earnings depend on: the interest rate differential, position size, and how long you hold. A 5% annual rate differential on a $100,000 position earns roughly $13.70/day before broker markup.
Yes — you profit from interest BUT can lose from price movement. Carry trades can unwind violently during risk-off events (e.g., 2008 JPY crisis). Use stop-losses and moderate leverage.
Forex settles T+2, so Wednesday positions include weekend holding costs. Most brokers charge/credit triple swap on Wednesday night. Plan entries around this if running carry positions.
No — some brokers charge negative swaps on both sides or offer very poor swap rates. Swap rates vary significantly between brokers. Always compare before opening carry positions.
Forex trading in New Zealand: Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. The market is overseen by FMA. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.
Sources & References
- BlackBull Markets — published spread specification— BlackBull Markets (2026)
- Deriv — published spread specification— Deriv (2026)
- Libertex — published spread specification— Libertex (2026)
- FCA Register— FCA (2026)
- CySEC Regulated Entities— CySEC (2026)
- BrokerAnalysis ranking methodology— BrokerAnalysis
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
How we measured this — Carry Trade brokers for New Zealand traders
Across the 4 Carry Trade brokers available to New Zealand traders on this page, the median researched EUR/USD spread is 0.65 pips, ranging from 0.0 to 1.0 pips, with 3 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.65 pips
- Brokers measured
- 4
- Linked to broker spec
- 3 of 4
- Data as of
- 2026-09-02
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: blackbull.com · www2.deriv.me · libertex.org
What changes locally
- Oversight relevant to traders in New Zealand sits with FMA.