Financial Markets Authority (New Zealand). 4 of the 139 brokers in our researched set (3%) currently hold a licence from this regulator, computed live from the same dataset behind every review and ranking on this site.
| Jurisdiction | New Zealand -- forex/CFD trading is regulated as derivatives trading, requiring a Derivatives Issuer (DI) licence |
|---|---|
| Leverage rules | No leverage cap currently in force -- licensed Derivatives Issuers set their own limits, which the FMA has found range from 30:1 to 500:1 across licensees. The FMA proposed (2024) capping retail CFD leverage at up to 30:1; as of this research that proposal's final status wasn't confirmed, so treat any cap as not yet in effect unless you confirm otherwise directly with the FMA or the broker. |
| Investor compensation | No statutory compensation scheme. |
| Complaint process | A client disputes a registered Financial Service Provider (FSP) directly first, then can escalate to that FSP's Dispute Resolution Scheme (DRS) -- e.g. Financial Services Complaints Ltd (FSCL) -- found by searching the Financial Service Providers Register (FSPR). There's no statutory compensation fund; a DRS investigates and can resolve a dispute, but doesn't guarantee a payout. Being on the FSPR itself is a weaker signal than it sounds -- historically a firm could register without any real New Zealand presence, so registration alone isn't proof of being actively supervised the way a DI licence is. |
| Official register | Search the Financial Service Providers Register (FSPR) → |
See our full FMA (NZ) regulation guide for what this licence does and doesn't guarantee.
We track that each broker below discloses a FMA (NZ) licence, but not the specific licence number or which legal entity holds it -- that detail isn't consistently available in our research for this regulator. See the broker's own review for whatever entity/licence detail it discloses directly.