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Best CFD Forex Brokers in New Zealand
Last updated October 9, 2026
The top regulated brokers offering CFD accounts to New Zealand traders — compared on spreads, fees, regulators, and minimum deposit.
How We Ranked
Rankings blend trust, pricing, and platform quality. After our two editorial picks, brokers are ordered by third-party audience activity in New Zealand. Risk warning: CFDs carry high risk.
Regulated by FMA (Financial Markets Authority New Zealand)Local deposits: POLi, Bank TransferAccounts in NZD (New Zealand Dollar)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
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Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for CFD in New Zealand
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for CFD in New Zealand
HFM
Offers CFDMin. deposit $0
- Offers CFD
- Regulated: FCA, CySEC, DFSA, FSCA, FSA
- Minimum deposit $0
FCA, CySEC, DFSA, FSCA, FSA
#2 · Best alternative
MultiBank
Offers CFDMin. deposit $50
- Offers CFD
- Regulated: SCA, VARA, ASIC, BaFin, FMA
- Minimum deposit $50
SCA, VARA, ASIC, BaFin, FMA
Why these two
Both brokers here are confirmed to offer CFD 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 CFD brokers actually cost New Zealand traders?
Across the 10 CFD brokers available to New Zealand traders on this page, the median researched EUR/USD spread is 0.3 pips, ranging from 0.0 to 1.5 pips, with 8 of those figures taken from the broker's own published specification.
CFD brokers for New Zealand traders
CFD trading from New Zealand gives you access to forex, indices, commodities, stocks, and crypto through a single broker account — without owning the underlying assets. Our current ranking starts with HFM where it is available, followed by MultiBank, BlackBull Markets, and TMGM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 10 brokers for New Zealand traders. The median minimum deposit across the listed brokers is $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. Third-party audience data shows BlackBull Markets with the strongest New Zealand activity among the brokers listed here (Influence 6.40/10).
Country Offers
Browse All PromotionsAvailable offers for New Zealand traders
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.
Cashback / Rebate
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Sep 15, 2026
BlackBull Markets
FMA (New Zealand)Free TradingView + Refer-a-Friend $250
Free TradingView subscription on volume. Refer-a-friend: up to $250 for both. 100% deposit bonus.
Verified Sep 15, 2026
New Zealand Trading Guide
Regulated by
FMA (Financial Markets Authority New Zealand)
Legal status
Fully Regulated - FMA-licensed derivatives issuers required
Accounts in
NZD (New Zealand Dollar)
Available in New zealand
POLi
Bank TransferCredit/Debit Card
Skrill
Bank TransferCredit/Debit CardSkrillFree guide for
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Quick Rankings
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FIND MY BROKER| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | 24 hours | $3.00/lot (Zero Account) | — | — | FCA (UK)CySEC (Cyprus)DFSA (Dubai) | |
| 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | $3/lot (ECN) | — | — | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
| 0.1 | NZ$0 | 1 business day | $3.00/lot | Same day | 0.2 | No tier-1 licence listed | ||
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | — | — | No tier-1 licence listed |
Rank 01 · best overall
Spread
1.0 pips (Premium) | 0.0 pips (Zero)
Min dep.
$0
Withdrawal
24 hours
Commission
$3.00/lot (Zero Account)
Open time
—
USDJPY
—
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
Visit HFM Read reviewRank 02
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Commission
$3/lot (ECN)
Open time
—
USDJPY
—
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 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
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
Commission
$7/lot round-turn (Edge)
Open time
—
USDJPY
—
Rank 05
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Commission
$3/lot (Raw)
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.
Audience activity in New Zealand (Influence score, 0–10): BlackBull Markets 6.40. A score reflects audience activity, not a recommendation. Source: WikiFX, October 2026.
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 ForBonus hunters, high leverage users & versatile traders
Min Deposit$0
HFM Review Summary
HFM is an STP / ECN capabilities broker regulated by FCA (UK), CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), FSA (Seychelles). Best suited to Bonus hunters, high leverage users & versatile traders. EUR/USD from 1.0 pips (Premium) | 0.0 pips (Zero), minimum deposit $0.
Pros
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
- Massive variety of bonus and promotional programs (outside EU/UK)
Cons
- No proprietary desktop platform (relies on MT4/MT5)
- Account types and regulations can be confusing to navigate
- Not available to US or Canadian traders
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50
MultiBank Review Summary
MultiBank is an ECN broker regulated by SCA (UAE) 20200000031, VARA (UAE) VL/24/06/001, ASIC (Australia), BaFin (Germany), FMA (Austria). Best suited to High-volume traders who confirm which specific MultiBank entity and licence covers their country. EUR/USD from 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN), minimum deposit $50.
Pros
- Real UAE SCA and VARA licences plus additional entity-specific regulators
- Large claimed paid-up capital ($322M+)
- Tight ECN commission ($3/lot)
- Broad stock CFD selection (15,000+)
Cons
- Marketing claims of '18+ regulators' are inflated — some versions of that count include non-trading registries
- $60/month inactivity fee is aggressive
- Website/account structure can be cluttered across its many entities
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 scalpers, ecn traders & stock-cfd traders via iress.
Min Deposit$100
TMGM Review Summary
TMGM is a multi-regulated broker with MT4, MT5, IRESS access, 0.0 pips (Edge) | 1.0 pips (Classic) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- 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
Our Rating
4.5/5.0
Best ForBest for ecn traders, scalpers & australian clients.
Min Deposit$100
FP Markets Review Summary
FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- 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
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July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About CFD Forex Brokers in New Zealand
Frequently Asked Questions
The best CFD brokers for New Zealand traders offer competitive spreads across multiple asset classes (not just forex), reliable NZD deposits, and strong regulation. All brokers on this page are verified for New Zealand availability.
When you buy a stock, you own a share of the company. When you trade a stock CFD, you speculate on price movement without ownership. CFDs allow leverage and short-selling, but carry higher risk and overnight financing costs.
Leverage varies by regulation and asset class. EU/UK/AU-regulated brokers offer up to 1:30 for forex, 1:20 for indices, 1:10 for commodities. Offshore brokers may offer 1:500+ but with less regulatory protection.
CFD trading is legal in most countries including New Zealand, though it is banned in the US and restricted in some markets. The brokers listed here accept New Zealand residents and hold valid licences.
Three cost components: (1) spread — the gap between buy and sell price; (2) commission — some brokers charge per-lot; (3) overnight swap — a financing charge for holding positions past the daily rollover. Day traders avoid swaps.
Forex (EUR/USD, GBP/USD), stock indices (S&P 500, NASDAQ, DAX), commodities (gold, oil), and cryptocurrency CFDs (Bitcoin, Ethereum). Multi-asset CFD brokers let you trade all of these from one account.
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
- VT Markets — published spread specification— VT Markets (2026)
- FP Markets — published spread specification— FP Markets (2026)
- Tickmill — published spread specification— Tickmill (2026)
- HFM — published spread specification— HFM (2026)
- TMGM — published spread specification— TMGM (2026)
- Vantage — published spread specification— Vantage (2026)
Related Broker Pages
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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 — CFD brokers for New Zealand traders
Across the 10 CFD brokers available to New Zealand traders on this page, the median researched EUR/USD spread is 0.3 pips, ranging from 0.0 to 1.5 pips, with 8 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.3 pips
- Brokers measured
- 10
- Linked to broker spec
- 8 of 10
- Data as of
- 2026-10-09
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: vtmarkets.com · fpmarkets.com · tickmill.com · hfm.com · tmgm.com · vantagemarkets.com · axi.com · blackbull.com
What changes locally
- Oversight relevant to traders in New Zealand sits with FMA.