Forex Brokers in New Zealand
New Zealand is a country with a strong economy and legal regulations. Opening a forex brokerage company in New Zealand requires large funds and clear legality. All forex brokers operating in this English common law user countries must be registered in Financial Markets Authority (FMA) regulator.
Interestingly, forex brokers that only provide trading services for residents outside of NZ don't require to obtain the FMA's permission. Regulation from the New Zealand Financial Service Providers Register (FSPR) is enough. Because of these conditions, many forex brokers make New Zealand their base of operations to expand into Asia-Pacific.
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If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
Does the CFTC only regulate forex brokers?
In America, each legal company must register themselves at the CFTC. However, not all companies registered there are forex brokers; it could be a business company, publishing company, and so on.
Continue Reading at Forex Regulation Insights: Defining Your Broker's Status
Is there a broker that supports one click trading?
Of course. Here are some of them:
Continue Reading at All You Need to Know About One Click Trading
How to avoid affiliated liquidity provider in ECN brokers?
In order to avoid such a disadvantage, we have to know who the broker's liquidity providers are and their shareholders. Regrettably, it is impossible.
Few regulators require brokers to declare their liquidity providers' information publicly, and even fewer brokers are open about their shareholding information.
Continue Reading at Can ECN Brokers Cheat on You?
Why do brokers need to have a physical office?
Nowadays, it's easy to build a reputable website and manipulate the general overview of the website. As a result, scams in "online businesses" also pop out here and there.
That is why brokers with physical offices are more convincing.
Continue Reading at Beware the Trap of Money Game in Forex Brokers
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