Quick Verdict — New Zealand Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
Admirals
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for New Zealand Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
New Zealand traders looking for a reliable forex broker often compare FXTM and Admirals. Both are well-established international brokers with strong reputations, but they cater to different trader needs. FXTM scores 4.3/5 and is known for flexible trading conditions, multiple account types, and support for local payment methods like Skrill, Neteller, and USDT TRC20. Admirals, scoring 4.1/5, offers a robust educational platform and a long history in the industry. For New Zealand retail traders, choosing between them depends on factors like spread costs, deposit convenience, and regulatory comfort. This comparison breaks down each broker's offerings specifically for Kiwi traders, helping you decide which aligns better with your trading goals in 2026.
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Overall Scores Comparison
FXTM
FCA · CySEC · FSCA
3.7
CompareBroker score
Winner
VS
Admirals
FCA · ASIC · CySEC
3.1
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | FXTM | Admirals | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Admirals |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Admirals |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Admirals |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Admirals |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $50 | $1 | Admirals |
For New Zealand traders, trading costs are a key factor. FXTM offers tighter spreads on major pairs like EUR/USD, starting from 0.1 pips on its ECN accounts, making it ideal for scalpers and high-volume traders. Admirals' spreads are slightly wider on standard accounts but competitive on its Zero account. Both brokers charge commission on raw spread accounts. Over a month of active trading, FXTM's lower spreads can save New Zealand traders significant costs, especially on high-frequency strategies.
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Account Types Comparison
| Account Type | FXTM | Admirals |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✓ | ✗ |
| Min deposit | $50 | $1 |
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Leverage Comparison - New Zealand Traders
| Entity / Asset | FXTM | Admirals |
|---|
| New Zealand (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for New Zealand Traders
Traders in New Zealand typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | FXTM | Admirals | Winner |
|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | 20+ | FXTM |
| Stocks / Share CFDs | ✗ | 1,700+ | Admirals |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | FXTM | Admirals | Winner |
|---|
| Execution model | ECN/STP | True ECN | Admirals |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Both brokers offer fast execution with no requotes on major pairs. FXTM uses ECN technology for its raw spread accounts, ensuring tight spreads and quick fills. Admirals also provides reliable execution with minimal slippage. For New Zealand traders trading during volatile sessions, FXTM's execution speed is slightly better, especially for high-frequency strategies.
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Regulation & Safety for New Zealand Traders
| Safety Factor | FXTM | Admirals |
|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither FXTM nor Admirals is regulated by the local financial regulator in New Zealand. However, both hold licenses from top-tier authorities: FXTM is regulated by the FCA (UK) and CySEC, while Admirals is regulated by the FCA and ASIC. This provides a layer of protection for New Zealand traders, including negative balance protection and segregated accounts. Traders should verify the latest regulatory status on each broker's website before opening an account.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for New Zealand traders may differ by entity.
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Deposits & Withdrawals for New Zealand
| Payment Method | FXTM | Admirals |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. |
New Zealand traders can deposit using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. FXTM processes e-wallet and crypto deposits instantly with no fees, while Admirals may charge a small fee for certain methods. Bank transfers take 1-3 business days and may incur intermediary fees. Withdrawals are processed within 24 hours for e-wallets at FXTM, while Admirals typically takes 1-2 business days. USDT TRC20 is particularly convenient for Kiwi traders who prefer cryptocurrency transactions due to speed and low costs.
☪️
Islamic Accounts - Swap-Free for New Zealand Muslims
| Islamic Account Feature | FXTM | Admirals |
|---|
| 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 FXTM and Admirals offer Islamic (swap-free) accounts for New Zealand Muslim traders. FXTM requires clients to request the account after registration, and it is available on most account types. Admirals provides it automatically for eligible clients. These accounts comply with Sharia law by not charging or paying overnight interest. New Zealand traders should confirm eligibility and any holding period limits before opening an Islamic account.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | FXTM | Admirals | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 live chat, email, and phone support with dedicated account managers for VIP clients. Admirals provides similar support but with limited hours on weekends. For New Zealand traders, FXTM's faster response times and availability during local trading hours give it an edge. Both brokers have comprehensive FAQ sections on their websites.
| Mobile Feature | FXTM | Admirals | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | FXTM | Admirals | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FXTM |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
FXTM
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
Admirals
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
👤
Who Should Use Which Broker? - New Zealand Guide
Choose FXTM if you...
- Want lower spreads on major forex pairs to reduce trading costs
- Prefer instant deposits via Skrill, Neteller, or USDT TRC20
- Need a swap-free Islamic account without extra paperwork
- Value a higher overall broker rating (4.3/5) and flexible account options
Choose Admirals if you...
- Want a broker with a longer track record and strong educational resources
- Prefer a regulated broker under FCA and ASIC oversight
- Trade on MT4/MT5 with a focus on automated strategies
- Need a wide range of tradable instruments including stocks and ETFs
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FAQ - FXTM vs Admirals in New Zealand
Is FXTM or Admirals better for New Zealand?
+Can New Zealand traders use both brokers legally?
+Which broker has lower spreads for New Zealand traders?
+How do New Zealand traders deposit at FXTM and Admirals?
+Do both brokers offer Islamic accounts for New Zealand?
+Final Verdict - New Zealand 2026
FXTM wins overall
For most New Zealand retail traders, FXTM is the better choice in 2026 due to its higher overall rating, lower spreads, and superior deposit options including Skrill, Neteller, and USDT TRC20. Its ECN accounts suit active traders who want to minimize costs. Admirals remains a solid alternative for those who prioritize educational content and a longer regulatory history. Both brokers operate without direct local regulation, but their international licenses provide adequate protection. Ultimately, FXTM's flexibility and cost efficiency make it the recommended broker for New Zealand traders.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
