All forex brokers that provide services in New Zealand must be regulated by the country’s Financial Markets Authority (FMA). However, forex brokers in New Zealand that only provide their services outside of the country do not need to go through this regulator, but can instead obtain a license from the New Zealand Financial Service Providers Register (FSPR). Because of this, New Zealand is sometimes used by forex brokers as a base for their entire Asia-Pacific activities.
New Zealand is a politically stable country with a strong legal framework based on English common law. It is therefore safe for traders to trade with New Zealand-registered forex brokers, and most brokers operating there are well-capitalized companies. In the unlikely event that any kind of dispute occurs between a forex broker in New Zealand and a trader, the trader is free to file a complaint with the FMA or FSPR.