In New Zealand, forex & CFD brokers are regulated by the country’s Financial Markets Authority (FMA) if they are to do business inside of the country, and by the Financial Service Providers Register (FSPR) if they are only offering their services overseas. Both regulators are highly respected throughout the industry and in the online trading community, and trading with a New Zealand-registered forex & CFD broker is thus considered a safe choice.
The regulators in New Zealand and Australia have chosen to take a similar approach when it comes to the issue of trading leverage. Both countries currently allow brokers to offer up to 1:500 in leverage on the most liquid assets. The higher trading leverage that is available in New Zealand and Australia has in recent years also led to a huge migration of European and North American forex traders to brokers in these two countries.