Forex Trading is regulated in New Zealand by Financial Markets Authority, and you can trade via FMA regulated forex & CFD brokers. These are some important facts about forex trading in New Zealand you should be aware of before you decide to put your money into trading forex. Forex Brokers need to be licensed with FMAThe Financial Markets Authority (FMA), regulate online forex trading in New Zealand. Stop loss orders should be used to limit losses, but when markets are very volatile you can use guaranteed stop loss orders (GSLOs). Avoid forex scams that offer you “no loss trading” and guaranteed returns as nothing is guaranteed in the forex business.

Source: Otago Daily Times May 05, 2022 22:01 UTC