Which broker is better for New Zealand traders in 2026? Expert analysis across 12 categories.
For New Zealand traders looking to enter the forex market in 2025, choosing between EasyMarkets and RoboForex can be a critical decision. Both brokers cater to retail traders in NZ but differ in key areas like spreads, platforms, and deposit methods. EasyMarkets, with a score of 3.4/5, is known for its user-friendly platform and fixed spreads, making it ideal for beginners. RoboForex, scoring 3.2/5, offers more flexibility with multiple account types and lower variable spreads for experienced traders. Both brokers support local payment methods such as Bank Transfer, Skrill, Neteller, and USDT TRC20, which are popular in New Zealand. However, neither is directly regulated by the local financial regulator, so Kiwi traders must rely on offshore licenses like CySEC or FSC. This comparison will help you decide which broker aligns with your trading style and local needs.
| Instrument | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | RoboForex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | RoboForex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | RoboForex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | RoboForex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $10 | RoboForex |
When comparing trading costs for New Zealand traders, RoboForex generally offers lower spreads on its ECN and Pro accounts, with spreads starting from 0.0 pips on major pairs like NZD/USD. However, these accounts often come with a commission per lot. EasyMarkets provides fixed spreads that are slightly higher (e.g., 1.2 pips on EUR/USD) but without any commission or slippage, which benefits traders who value cost predictability. For high-volume Kiwi traders, RoboForex's lower spreads can lead to significant savings, while casual traders may prefer EasyMarkets' simple cost structure.
| Account Type | EasyMarkets | RoboForex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✓ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $10 |
| Entity / Asset | EasyMarkets | RoboForex |
|---|---|---|
| New Zealand (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | ✗ | RoboForex |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | RoboForex |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
EasyMarkets offers its proprietary web-based platform, which is intuitive and includes built-in risk management tools like dealCancellation and free guaranteed stops—features that New Zealand traders appreciate for protecting capital. RoboForex provides the popular MetaTrader 4 and MetaTrader 5 platforms, along with cTrader, giving Kiwi traders more flexibility for automated trading and advanced charting. For NZ traders who prefer a straightforward, all-in-one platform, EasyMarkets is ideal, while RoboForex suits those who want powerful analysis tools and custom indicators.
| Factor | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | RoboForex |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
EasyMarkets uses a market maker model with instant execution, ensuring no requotes or slippage, which is beneficial for New Zealand traders trading during volatile sessions. RoboForex offers both market and instant execution on its ECN accounts, with faster order processing but potential slippage during news events. For Kiwi traders who prioritize execution speed, RoboForex's ECN accounts are preferable, while EasyMarkets suits those wanting reliability.
| Safety Factor | EasyMarkets | RoboForex |
|---|---|---|
| Primary regulator | CySEC | IFSC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither EasyMarkets nor RoboForex is regulated by the local financial regulator in New Zealand. EasyMarkets is regulated by CySEC (Cyprus) and the FSC (British Virgin Islands), while RoboForex is regulated by the FSC (Belize) and CySEC. For New Zealand traders, this means limited investor protection compared to locally regulated brokers. EasyMarkets offers negative balance protection, which is a plus for retail traders, while RoboForex provides segregated client accounts. Kiwi traders should assess their risk tolerance and consider using smaller deposits to mitigate regulatory gaps.
| Payment Method | EasyMarkets | RoboForex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✓ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 1 to 5 business days |
New Zealand traders can fund their accounts at both EasyMarkets and RoboForex using Bank Transfer, Skrill, Neteller, and USDT TRC20. EasyMarkets processes Skrill and Neteller deposits instantly with no fees, while bank transfers may take 1–3 business days. RoboForex also supports these methods, with USDT TRC20 being a standout for crypto-savvy Kiwi traders due to low fees and fast processing. Withdrawals at both brokers are typically processed within 24 hours for e-wallets, but bank transfers may take longer. EasyMarkets has a minimum deposit of $100 USD, while RoboForex starts at $10 USD, making it more accessible for beginners.
| Islamic Account Feature | EasyMarkets | RoboForex |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both EasyMarkets and RoboForex offer Islamic (swap-free) accounts for New Zealand Muslim traders. EasyMarkets provides a simple swap-free option upon request, applicable to all account types, with no additional fees. RoboForex offers Islamic accounts on its ECN, Pro, and Standard accounts, but charges a fee for holding positions overnight on certain instruments. For Kiwi traders who follow Sharia law, EasyMarkets is the more straightforward choice, while RoboForex offers more account flexibility.
| Support Feature | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
EasyMarkets provides 24/5 customer support via live chat, email, and phone, with responsive service in English. RoboForex also offers 24/7 support through live chat and email, but response times can vary during peak hours. For New Zealand traders operating in the NZ time zone, both brokers offer adequate coverage, though EasyMarkets' support is slightly more consistent and beginner-friendly.
| Mobile Feature | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | RoboForex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose RoboForex if you...
For New Zealand traders in 2025, EasyMarkets is the better overall choice due to its higher score, user-friendly platform, and risk management features, making it ideal for retail traders. However, RoboForex offers more flexibility with lower spreads and a wider range of payment options like USDT TRC20, which appeals to cost-conscious and crypto-friendly Kiwis. Both brokers support Bank Transfer, Skrill, and Neteller, but neither is regulated by the local financial regulator, so traders should proceed with caution. Ultimately, choose EasyMarkets for simplicity and safety, or RoboForex for advanced trading and lower costs.