Intro and winners
Top 10 forex brokers in New Zealand in 2023
- Saxo Bank is the best forex broker in New Zealand in 2023 - Massive number of currency pairs. Low withdrawal fee. High-quality charting.
- Tickmill - $2 commission per lot plus low spread. Rich selection of currency pairs. Low withdrawal fee.
- CMC Markets - 0.7 pips average spread cost. Immense number of currency pairs. Low withdrawal fee.
- GO Markets - €2 commission per lot plus low spread. Low withdrawal fee. Low minimum deposit.
- ActivTrades - 0.5 pips average spread. Low withdrawal fee. No minimum deposit.
- TMGM - Free withdrawal. Decent currency pair selection. Leverage can be set manually.
- Vantage - Great currency pair selection. Free withdrawal and many options to take out funds. Excellent customer service.
- FBS - Excellent selection of currency pairs. Competitive forex spreads. Diverse technical research tools.
- MultiBank - Free withdrawal. Good research tools. Wide selection of account base currencies.
- Admirals (Admiral Markets) - $3 commission per lot plus low spread. Low withdrawal fee. excellent account opening.
Meet your forex expert
How did BrokerChooser select the best FX brokers in New Zealand?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Compared the number of currency pairs,
- Checked minimum deposit requirements,
- Opened an account and tested the platform (charting, features, usability, customer service).
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
If you're interested in more forex brokers, read 40+ forex broker reviews.
Table of contents
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1. Intro and winners
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2. Overview of the best forex brokers
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3. Forex spreads' comparison
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4. Other fees at forex brokers
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5. Get the best brokers tailored to your needs
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6. Saxo Bank
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7. Tickmill
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8. CMC Markets
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9. GO Markets
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10. ActivTrades
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11. TMGM
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12. Vantage
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13. FBS
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14. MultiBank
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15. Admirals (Admiral Markets)
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16. FAQ
Top 10 brokers
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Best forex brokers
Overview of the best forex brokers
While many forex trading brokers offer an excellent service, the ones in our toplist go the extra mile.
| Broker | FX Commissions per lot | Minimum deposit | Account activated in | Number of curreny pairs | Credit/debit card deposit |
|---|---|---|---|---|---|
| Saxo Bank | No commission is charged | $2,000 | 1 day | 190 | Yes |
| Tickmill | $2.00 commission per lot per trade | $100 | 1 day | 62 | Yes |
| CMC Markets | No commission is charged | $0 | 1-3 days | 338 | Yes |
| GO Markets | €2.00 commission per lot per trade | $99 | 1 day | 52 | Yes |
| ActivTrades | No commission is charged | $0 | 1 day | 49 | Yes |
| TMGM | $3.50 commission per lot per trade | $100 | 1 day | 50 | Yes |
| Vantage | $3.00 commission per lot per trade | $50 | 1 day | 45 | Yes |
| FBS | No commission is charged | $0.99 | 1 day | 100 | Yes |
| MultiBank | $3.00 commission per lot per trade | $50 | 1 day | 41 | Yes |
| Admirals (Admiral Markets) | $3.00 commission per lot per trade | $100 | 1 day | 50 | Yes |
Best forex brokers
Forex spreads' comparison
In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important forex spreads in the table below to help with your calculations.
| EURUSD spread | AUDUSD spread | GBPUSD spread | EURCHF spread | EURGBP spread | |
|---|---|---|---|---|---|
| Saxo Bank | 0.7 | 0.6 | 0.8 | 1.4 | 1.2 |
| Tickmill | 0.2 | 0.1 | 0.5 | 0.9 | 0.4 |
| CMC Markets | 0.7 | 0.7 | 0.9 | 2.5 | 1.1 |
| GO Markets | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| ActivTrades | 0.5 | 0.8 | 0.8 | 1.1 | 1.3 |
| TMGM | 0.0 | 0.1 | 0.3 | 0.3 | 0.2 |
| Vantage | 0.1 | 0.2 | 0.3 | 0.6 | 0.3 |
| FBS | 0.7 | 1.7 | 1.2 | 2.3 | 2.7 |
| MultiBank | 0.1 | 0.2 | 0.3 | 0.7 | 0.4 |
| Admirals (Admiral Markets) | 0.1 | 0.3 | 0.5 | 1.3 | 0.4 |
We collect spreads regularly, please check the tooltip for the date of the data collection.
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Best forex brokers
Other fees at forex brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Account fee | Inactivity fee | Withdrawal fee | Deposit fee | |
|---|---|---|---|---|
| Saxo Bank | No | Yes | $0 | $0 |
| Tickmill | No | No | $0 | $0 |
| CMC Markets | No | Yes | $0 | $0 |
| GO Markets | No | No | $0 | $0 |
| ActivTrades | No | Yes | $0 | $0 |
| TMGM | No | Yes | $0 | $0 |
| Vantage | No | No | $0 | $0 |
| FBS | No | No | $0 | $0 |
| MultiBank | No | Yes | $0 | $0 |
| Admirals (Admiral Markets) | No | Yes | $0 | $0 |
Best forex brokers
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And now, let's see the top forex brokers in detail one by one, starting with the winner, Saxo Bank.
#1 Best forex broker
Saxo Bank
Recommended for investors and traders looking for a great trading platform and solid research
| Saxo Bank snapshot | |
|---|---|
| Minimum deposit | $2,000 |
| Mobile app score | 5.0 stars |
| Deposit method | Bank transfer, Credit/debit cards |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Currency pairs | 190 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Saxo Bank services, check out our review for 2023 |
What your expert thinks of Saxo Bank
#2 Best forex broker
Tickmill
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
| Tickmill snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
| Withdrawal fee | $0 |
| Currency pairs | 62 |
| Inactivity fee | No |
| Read review | For a detailed analysis of Tickmill services, check out our review for 2023 |
What your expert thinks of Tickmill
#3 Best forex broker
CMC Markets
Recommended for forex and cfd traders looking for an advanced trading platform with many research tools
| CMC Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 5.0 stars |
| Deposit method | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal method | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal fee | $0 |
| Currency pairs | 338 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of CMC Markets services, check out our review for 2023 |
What your expert thinks of CMC Markets
#4 Best forex broker
GO Markets
Recommended for forex traders who like the metatrader platform
| GO Markets snapshot | |
|---|---|
| Minimum deposit | $99 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, DotPay, Nuvei |
| Withdrawal method | Bank transfer, Skrill, Neteller, DotPay, Nuvei |
| Withdrawal fee | $0 |
| Currency pairs | 52 |
| Inactivity fee | No |
| Read review | For a detailed analysis of GO Markets services, check out our review for 2023 |
What your expert thinks of GO Markets
#5 Best forex broker
ActivTrades
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.9 stars |
| Deposit method | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Sofort |
| Withdrawal method | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Sofort |
| Withdrawal fee | $0 |
| Currency pairs | 49 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |
#6 Best forex broker
TMGM
Recommended for forex traders who prefer the metatrader platform
| TMGM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal method | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal fee | $0 |
| Currency pairs | 50 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of TMGM services, check out our review for 2023 |
What your expert thinks of TMGM
#7 Best forex broker
Vantage
Recommended for forex and cfd traders familiar with the metatrader trading platforms
| Vantage snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, Union Pay, Fasapay, Bitwallet, Cryptocurrency (Bitcoin, Tether), Astropay, SticPay, Vload |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller, Union Pay, Fasapay, Bitwallet, Cryptocurrency (Bitcoin, Tether), Astropay, SticPay, Vload |
| Withdrawal fee | $0 |
| Currency pairs | 45 |
| Inactivity fee | No |
| Read review | For a detailed analysis of Vantage services, check out our review for 2023 |
#8 Best forex broker
FBS
Recommended for investors and cfd traders familiar with the metatrader trading platforms
| FBS snapshot | |
|---|---|
| Minimum deposit | $0.99 |
| Mobile app score | 4.3 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid, PerfectMoney,FasaPay |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid, PerfectMoney,FasaPay |
| Withdrawal fee | $0 |
| Currency pairs | 100 |
| Inactivity fee | No |
| Read review | For a detailed analysis of FBS services, check out our review for 2023 |
#9 Best forex broker
MultiBank
Recommended for forex and cfd traders familiar with the metatrader trading platform
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Withdrawal fee | $0 |
| Currency pairs | 41 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |
What your expert thinks of MultiBank
#10 Best forex broker
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with the metatrader trading platforms
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal fee | $0 |
| Currency pairs | 50 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
Best forex brokers
FAQ
Which are the top forex brokers in the world?
These are the best forex brokers in the world in 2023:
- Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio.
- Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- GO Markets - Low forex fees. Fast account opening. Great educational tools.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- Vantage - Low non-trading fees. Super fast account opening. Seamless deposit and withdrawal.
- FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
How to find the best forex brokers?
The key aspects to consider when choosing a forex brokers is safety and access. Makes sure you always select a broker that is licensed or overseen by a top-tier regulator, such as the SEC in the US, the FCA in the UK or BaFin Germany. As a next step, check to see if the broker accepts clients from your country of residence.
Save yourself hours of research and check out our broker finder tool and find the best broker for you.
Want to understand forex trading in more detail?
Check out these articles written by our broker and trading experts:
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