Forex Brokers
HQ
Regulation
Platforms
Actions
Best FMA-Regulated Forex Brokers in 2026
New Zealand's Financial Markets Authority (FMA) provides robust regulatory oversight for forex brokers serving the Oceania region. FMA-licensed brokers follow strict anti-money laundering rules, fair dealing standards, and financial reporting requirements. Compare the best FMA-regulated forex brokers by spreads, NZD support, and platform availability. Updated April 2026.
Trustpilot Reviews
12,218
+19
(7d)
HQ
Ireland Regulation
Platforms
MetaTrader 4 
MetaTrader 5 
Trustpilot Reviews
3,263
+4
(7d)
HQ
New Zealand Regulation
FMA (New Zealand) FSA (Seychelles)
Platforms
MetaTrader 4 MetaTrader 5 
cTrader 
TradingView 
Trustpilot Reviews
6,258
+74
(7d)
HQ
Australia Regulation
Platforms
MetaTrader 4 MetaTrader 5 AvaTrade vs BlackBull Markets - Comparison of Top Firms in This Guide
AvaTrade vs BlackBull Markets - Forex Broker Comparison (April 2026)
Head-to-head comparison of AvaTrade and BlackBull Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
|
AvaTrade
Multi-Regulated Global CFD & Forex Broker Since 2006
|
BlackBull Markets
Trade with an award-winning True ECN broker
|
|
|---|---|---|
| Overview | ||
| Trustpilot Rating | 4.8 | 4.7 |
| Trustpilot Reviews | 12,218 | 3,263 |
| Headquarters | Ireland | New Zealand |
| Founded | 2006 | 2014 |
| Best For | Beginners Copy Trading Options Trading Education Risk Management Swing Trading News Trading Hedging Zero Spread No Commission Professional | Algo Trading Copy Trading Day Trading High Leverage Low Deposit Low Spreads Scalping Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | Central Bank of Ireland (Ireland) ASIC (Australia) CIRO (Canada) JFSA (Japan) FSCA (South Africa) CySEC (Cyprus) ISA (Israel) ADGM (UAE) BVI FSC (BVI) FMA (New Zealand) | FMA (New Zealand) FSA (Seychelles) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under ICCL (Ireland) | FSCL (Financial Services Complaints Limited) dispute resolution scheme in New Zealand. No FSCS or ICF coverage. Seychelles entity has no investor compensation fund. |
| Trading Costs | ||
| Min Spread | From 0.9 pips (Standard), From 0.6 pips (Professional) | 0.0 pips (Prime/Institutional), 0.8 pips (Standard) |
| Commission | None (spread-only) | $0 (Standard), $6/lot RT (Prime), $4/lot RT (Institutional) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | $50 after 3 months, $100 after 12 months | None |
| Deposit/Withdrawal Fees | No deposit fees. No withdrawal fees for standard methods. Bank wire may incur intermediary bank charges | Deposits free. Withdrawals $5 flat fee for bank wire and cards. E-wallet fees vary. |
| Trading Conditions | ||
| Max Leverage | 1:400 (Global), 1:30 (EU/AU retail) | 1:500 (Global) |
| Min Deposit | $100 | $0 (Standard/Prime), $20000 (Institutional) |
| Execution Type | Market Maker | ECN |
| Stop Out Level | 50% | 50% |
| Margin Call Level | 100% | 70% |
| Instruments | 53 Forex 500+ Stocks 30+ Indices 10+ Commodities 5 Metals 3 Energies 20+ Crypto ETFs Bonds Options Futures | 70 Forex 1800+ Stocks 16 Indices 10 Commodities 9 Metals 3 Energies 20 Crypto ETFs Futures |
| Currency Pairs | 53 | 70 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ❌ No | ✅ Yes |
| API Access | ❌ No | ✅ Yes |
| Education | AvaAcademy Video Courses Webinars Trading Guides Quizzes | Video Tutorials Webinars Trading Academy eBooks Economic Calendar Market Analysis Podcasts Autochartist |
| Account & Support | ||
| Account Types | Standard Professional Islamic Demo | Standard Prime Institutional Islamic Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller | Credit/Debit Cards (Visa Mastercard AMEX) Bank Wire Skrill Neteller UnionPay Crypto (Bitcoin Ethereum) FasaPay Apple Pay Google Pay |
| Withdrawal Speed | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | 1-2 Days (e-wallets under 24 hours, bank wire 1-3 business days) |
| Support Hours | 24/5 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone, WhatsApp |
AvaTrade
BlackBull Markets
Build your own comparison
Select any 2-6 firms from this guide and open them in the full comparison table.
Tip: if you do not select any firms we will start with the top 2 from this guide.