Along with its neighbor Australia, New Zealand is also home to a few low spread forex brokers. In New Zealand, all brokerage companies are offering their services within the country are regulated by the country’s Financial Markets Authority (FMA), which allows for similar trading conditions as the Australian regulator does. For brokers that only offer their services outside of the country, however, registering in New Zealand’s Financial Service Providers Register (FSPR) is sufficient in order to legally operate.
As all professional traders know, getting ultra-low spreads is one of the keys to becoming profitable in the forex market. As such, serious traders should always put in some effort to ensure they get the best deal possible from their broker. If spreads offered by your current broker are in the mid to high range, you may therefore consider signing up with one of the low spread forex brokers in New Zealand instead.