Best New Zealand Forex Broker – CAUTION!
Vantage FX is an ASIC regulated Forex broker, providing traders access to the global Forex market through top tier FX liquidity providers.
Forex traders will experience super-fast Forex trading execution, as well as interbank grade, RAW ECN spreads. When combined, these elements offer clients a true institutional currency trading experience with lowest FOREX spreads.
Clients can access Forex trading markets through our stable Forex trading platforms. This includes the enhanced MetaTrader 4, WebTrader and multiple mobile trading apps for iPhone and Android devices.
New Zealand Forex Broker Regulation
why do New Zealand forex brokers and New Zealand forex regulations seem to have a fairly good reputation around the world? The answer perhaps is that because the Western, English speaking culture of New Zealand gives them a good image. But the financial regulations are easy to obtain and offer no real support for forex traders. It’s this gap in perception and reality where the danger lies.
Many traders ask the question can you trust New Zealand forex brokers and the regulations that surround them. They also ask what is the strength of the New Zealand regulatory body. This is because they are after finding an answer to whether traders have any leverage of the law to apply pressure on brokers if something goes wrong. But the FSP is not actually a real regulatory body and basically has zero power when it comes to resolving disputes.
The advantage which forex brokers gain from claiming to be regulated in what is perceived to be a very strict regulatory regime in New Zealand, can lead to clients preferring to deposit with offshore brokerages registered with the FSPR, but not regulated by the FMA, which only oversees companies providing services to New Zealand residents.
The fact that many New Zealand forex brokers need only a mailing address to set up shop remotely should tell you all that you need to know about whether you can trust New Zealand forex brokers.
Only Trust Award Winning Forex Brokers
Forex traders asking whether they can trust New Zeland forex brokers and looking for a New Zealand forex broker should think twice before making a final decision. At FX Broker Awards, we don’t recommend trading with a New Zealand forex brokers. Instead, check out our list of best forex brokers or sign up for the best forex broker award winner below.