Which broker is better for New Zealand traders in 2026? Expert analysis across 12 categories.
Forex.com and Hantec Markets are two well-established forex brokers that cater to New Zealand traders. Both offer access to major, minor, and exotic currency pairs, CFDs on indices, commodities, and cryptocurrencies. Forex.com, a global leader with over 20 years of history, provides its proprietary platform alongside MetaTrader 4 and 5. Hantec Markets, part of the Hantec Group founded in 1990, is known for competitive spreads and strong Asian-Pacific presence. For New Zealand traders, the choice often comes down to platform preferences, regulatory comfort (both operate under reputable licences but not local FMA regulation), and local deposit options including Bank Transfer, Skrill, Neteller, and USDT TRC20. This comparison will help you decide which broker better suits your trading needs in the New Zealand context.
| Instrument | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Hantec Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Hantec Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Hantec Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Hantec Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $10 | Hantec Markets |
When comparing trading costs for New Zealand traders, Hantec Markets generally offers lower spreads, especially on forex majors like NZD/USD and AUD/USD. Typical raw spreads start from 0.0 pips with a commission of $7 per lot. Forex.com’s commission-based account offers spreads from 0.2 pips with a $5 commission per side. For traders trading high volumes, Hantec’s tighter spreads can lead to significant savings. Forex.com, however, provides more predictable fixed spread pricing on some account types, which benefits those who prefer cost certainty. Always compare live spreads on your most traded pairs, as costs vary by market conditions and account type.
| Account Type | Forex.com | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $10 |
| Entity / Asset | Forex.com | Hantec Markets |
|---|---|---|
| New Zealand (offshore) | Up to 1:50 | Up to 1:500 |
| Forex major pairs | 1:50 | 1:500 |
| 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 | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Forex.com |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Forex.com |
| Crypto CFDs | 30+ | ✗ | Forex.com |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | Forex.com | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
New Zealand traders value fast execution and intuitive tools. Forex.com offers its proprietary Web Trader, plus MetaTrader 4 and MetaTrader 5, providing automated trading and custom indicators. Hantec Markets offers MetaTrader 4 and 5 exclusively, which is sufficient for most retail traders. Forex.com’s proprietary platform includes advanced charting and a neat trade ticket, while Hantec’s focus on MT4/5 means full compatibility with Expert Advisors (EAs). For Kiwi traders who rely on algorithmic strategies, Hantec Markets is the better choice; for traders wanting a modern, web-based interface, Forex.com wins.
| Factor | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | Forex.com |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Forex.com delivers fast execution through its liquidity pool, with no requotes on most orders. Hantec Markets uses NDD (No Dealing Desk) execution, offering straight-through processing to major banks. Both brokers provide competitive trade execution speeds, typically under 100ms. For scalpers and high-frequency traders, Hantec’s lower spreads and ECN model give a slight edge. Average slippage is minimal on both platforms during normal market conditions, though volatile news events may cause occasional variation.
| Safety Factor | Forex.com | Hantec Markets |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both brokers are regulated by top-tier authorities, but neither is directly regulated by New Zealand’s Financial Markets Authority (FMA). Forex.com is regulated by the FCA (UK) and CFTC/NFA (US), providing strong investor protection. Hantec Markets is regulated by ASIC (Australia) – a regulator familiar to many New Zealand traders. ASIC regulation offers negative balance protection and a client compensation scheme. While the lack of FMA regulation means Kiwi traders are not covered by NZ’s dispute resolution service, both brokers offer sufficient oversight and segregated accounts. Always check the entity you are opening an account with, as conditions may differ.
| Payment Method | Forex.com | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 1 to 3 business days | Crypto / USDT: 1 to 3 hours (for eligible wallets)E-wallets: Within hours up to 1 dayBank / Wire Transfers: 2 to 5 business days |
New Zealand traders have several convenient deposit methods at both brokers. Forex.com accepts Bank Transfer, Skrill, Neteller, and USDT TRC20, along with credit/debit cards and PayPal. Hantec Markets also supports Bank Transfer, Skrill, Neteller, and USDT TRC20, plus UnionPay. Minimum deposits: $100 for Forex.com, $50 for Hantec Markets. Withdrawals are processed within 1-2 business days for e-wallets and USDT; bank transfers take 2-5 days. Both brokers do not charge deposit fees, but withdrawal fees may apply for bank transfers (typically $10-30). USDT TRC20 deposits are a modern, low-cost option for Kiwi traders comfortable with cryptocurrency.
| Islamic Account Feature | Forex.com | Hantec Markets |
|---|---|---|
| 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 forex.com and Hantec Markets offer swap-free (Islamic) accounts for New Zealand Muslim traders. Forex.com provides Islamic accounts upon request after opening a standard account, with no swap charges on overnight positions. Hantec Markets automatically designates swap-free accounts for clients requesting one, with the same zero-swap feature. Both brokers ensure compliance with Sharia law, and no extra fees are applied. New Zealand traders should confirm that the account type is available under their chosen entity, though both brokers have a straightforward process for conversion.
| Support Feature | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Forex.com |
Forex.com offers 24/5 customer support via live chat, phone, and email, with a dedicated NZ toll-free number (0800 number). Hantec Markets provides 24/5 support through live chat, email, and phone during Sydney trading hours. Both have English-speaking teams, but Forex.com’s support is more readily available around the clock for New Zealand traders in different time zones. Response times are generally fast for both, and account issues are handled promptly.
| Mobile Feature | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Forex.com |
| Google Play rating | 4.3 stars | 4.2 stars | Forex.com |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Forex.com | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Forex.com |
Choose Forex.com if you...
Choose Hantec Markets if you...
For New Zealand retail traders, both Forex.com and Hantec Markets are solid choices, but Hantec Markets edges ahead with a 3.6 rating due to tighter spreads and ASIC regulation that resonates with Kiwi traders. Forex.com’s broader platform suite and global reputation make it a strong alternative. When choosing, consider your preferred trading tools, cost sensitivity, and deposit habits – both support Bank Transfer, Skrill, Neteller, and USDT TRC20. Though neither broker is regulated by New Zealand’s FMA, they operate under reputable jurisdictions. We recommend Hantec Markets for cost-conscious traders and Forex.com for those wanting platform diversity and round-the-clock support.