FP Markets New Zealand Review 2026
Forex Trading Risk — New Zealand Traders
FP Markets — Most Forex brokers reviewed on this site are offshore platforms not regulated by the FMA. Trading Forex through offshore brokers from New Zealand carries financial risk (you can lose your capital) and counterparty risk with zero local FMA protection. Retail Forex trading on international brokers should be done only after fully evaluating your personal risk profile. Consult a financial adviser before depositing funds.
Sajid's Hub Note: Trading forex in New Zealand involves serious counterparty risks. Before depositing any real funds, make sure to read our central Forex Trading New Zealand Hub Guide and check the legal realities in our Is Forex Legal in New Zealand? regulatory breakdown.
Overview of FP Markets for Kiwi Traders
FP Markets is a premier Australian ECN broker established in 2005. They are widely regarded as one of the best choices for serious algorithmic traders and scalpers due to their raw pricing model and robust server infrastructure. Operating under strict ASIC guidelines in Australia, FP Markets has built a reputation for transparency. Let's see how their offering looks for New Zealand retail traders.
Regulation & Security: Is FP Markets Safe?
FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus). New Zealand traders are onboarded under First Prudential Markets Ltd, registered in Saint Vincent and the Grenadines (SVG). Once again, this offshore routing is used to offer higher leverage (up to 1:500) than what ASIC allows. While SVG is a weak regulatory jurisdiction, FP Markets' long 19-year track record and regulated parent company provide a significant layer of operational credibility.
Spreads, Commissions, & Trading Fees
FP Markets is highly competitive on fees. Their Standard Account has spreads from 1.0 pips with no commission. Their Raw Account features spreads from 0.0 pips with a very low commission of USD $3.00 per side ($6.00 round turn). If you are trading high volumes or scalping, the Raw account is one of the cheapest in the entire industry. There are no inactivity fees, which is a major advantage.
NZD Deposits & Withdrawal Friction
FP Markets supports credit cards, bank wires, PayPal, Neteller, and Skrill. They do not natively support POLi Payments, but NZD accounts are available. Deposits are instant for cards and e-wallets, while bank wire transfers can take 2 to 3 days. Withdrawals are processed within 24 hours, but bank wire fees may apply for international transfers.
Platforms & Execution Speeds
FP Markets offers a great suite: MetaTrader 4, MetaTrader 5, cTrader, and TradingView. This covers all bases. Their cTrader integration is fast, and they offer virtual private server (VPS) hosting for algorithmic traders who require co-located execution. Order routing is NDD, ensuring zero broker intervention.
Sajid's Verdict on FP Markets
FP Markets is a top-tier ECN broker with industry-leading raw spreads and no inactivity fees. Multiple platforms and Australian parentage make it a highly reliable choice for Kiwi traders, despite the offshore SVG entity routing.
FP Markets New Zealand FAQs
1. Is FP Markets regulated by ASIC?
Yes, the parent company is ASIC-regulated, but Kiwi clients trade under the SVG entity.
2. What is the commission on the Raw account?
The commission is USD $3.00 per side per lot ($6.00 round turn).
3. Does FP Markets charge inactivity fees?
No, FP Markets does not charge any inactivity or maintenance fees.
4. What is the minimum deposit?
The minimum deposit is $100 (approximately NZD 160).
5. Can I use cTrader with FP Markets?
Yes, cTrader is fully supported alongside MT4 and MT5.
6. Are NZD accounts supported?
Yes, you can open your trading account with NZD as the base currency.
Rating Breakdown
Pros
- ASIC regulated (top-tier Australian regulator)
- Competitive raw spreads from 0.0 pips
- MT4, MT5, cTrader, and TradingView all available
- No inactivity fees
- Long track record since 2005
Cons
- $100 minimum deposit
- No POLi or Local Bank deposit support
- Offshore for New Zealand clients
Fees & Account Details
| Minimum Deposit | $100 (≈ NZD 160) |
| EUR/USD Spread | 1.1 pips (Standard) / 0.0 pips (Raw) |
| Commission | None (Standard) / AU$3 per lot (Raw) |
| Withdrawal Time | 1-2 business days |
| Inactivity Fee | None |
| Platforms | MT4, MT5, cTrader, TradingView |
| Regulation | ASIC, CySEC, FSA |
FP Markets for New Zealand Traders
| POLi Payments Support | ✗ No |
| NZD Account Deposits | ✗ No |
| Local NZ Bank Transfer | ✗ No |
| English Support | ✗ No |
| NZST/NZDT Support Hours | ✗ No |
| Accepts New Zealand Clients | ✓ Yes |
| FMA Regulated | ✗ No |
| Offshore Only | ✓ Yes |
Sajid
Senior Retail Trader & NZ Market Analyst
Trading since 2012
Last updated
June 2026
New Zealand-based retail Forex and binary options trader since 2012. Cynical, battle-tested, and focused on risk preservation.
Forex Trading Risk — New Zealand Traders
FP Markets — Most Forex brokers reviewed on this site are offshore platforms not regulated by the FMA. Trading Forex through offshore brokers from New Zealand carries financial risk (you can lose your capital) and counterparty risk with zero local FMA protection. Retail Forex trading on international brokers should be done only after fully evaluating your personal risk profile. Consult a financial adviser before depositing funds.