Along with regular CFD & forex brokers, crypto trading forex brokers in New Zealand must also be regulated by the Financial Markets Authority (FMA) of New Zealand if they are to offer their services within the country. If, however, they only wish to use New Zealand as a base for their overseas brokerage activities, a registration in New Zealand’s Financial Service Providers Register (FSPR) is sufficient.
After the introduction of new and stricter ESMA regulations in Europe, crypto forex brokers in New Zealand have become popular even among European traders. This is mainly due to the trading leverage that is available in New Zealand, which can often go as high as 1:500 on major FX pairs.