Which broker is better for New Zealand traders in 2026? Expert analysis across 12 categories.
New Zealand traders looking for a reliable forex broker face a choice between XM Group and Hantec Markets, two well-established international brokers. XM Group, with a strong score of 4.7/5, is known for its low spreads, extensive product range, and user-friendly platforms, making it a favorite among retail traders in New Zealand. Hantec Markets, scoring 3.6/5, offers a more traditional trading experience with a focus on stability and long-term relationships, but its higher costs and fewer local features may not suit every Kiwi trader. Both brokers accept New Zealand clients and offer local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, which are essential for convenient deposits and withdrawals. This comparison will help you decide which broker aligns better with your trading style, budget, and local needs in 2026.
| Instrument | XM Group | 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 | $5 | $10 | Hantec Markets |
Trading costs matter for New Zealand traders, especially those trading in USD. XM Group offers tighter spreads, starting from 0.1 pips on major pairs like EUR/USD, compared to Hantec Markets' 0.3 pips minimum. For a standard lot trade, this difference can save NZ traders up to $20 per round turn. Additionally, XM Group has lower commission fees on its Zero account, while Hantec Markets charges slightly higher swap rates on overnight positions. Over high-volume trading, XM Group's cost advantage becomes more pronounced, making it the better choice for cost-conscious New Zealand retail traders.
| Account Type | XM Group | Hantec Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $10 |
| Entity / Asset | XM Group | Hantec Markets |
|---|---|---|
| New Zealand (offshore) | Up to 1:1000 | Up to 1:500 |
| Forex major pairs | 1:1000 | 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 | XM Group | Hantec Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | XM Group |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | XM Group |
| Crypto CFDs | 30+ | ✗ | XM Group |
| Stocks / Share CFDs | ✗ | 1,700+ | Hantec Markets |
| ETFs | ✗ | ✗ | Tie |
| Platform | XM Group | Hantec Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
New Zealand traders need platforms that are fast, intuitive, and reliable. XM Group offers MetaTrader 4 and MetaTrader 5, both widely used and compatible with mobile devices popular in New Zealand. Hantec Markets also provides MT4 and MT5, but its web platform is less feature-rich. XM Group's platforms support advanced charting tools, automated trading, and over 1,000 instruments, giving Kiwi traders more flexibility. For traders who value speed and modern interfaces, XM Group is the clear winner, while Hantec Markets may appeal to those preferring a simpler setup.
| Factor | XM Group | Hantec Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Hantec Markets |
| Avg execution speed | ~30ms | ~40ms | XM Group |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Execution quality can impact trading results, and XM Group outperforms Hantec Markets here. XM Group uses STP (Straight Through Processing) execution with no dealing desk intervention, ensuring fast order fills and minimal slippage. Hantec Markets also offers STP execution, but its average execution speed is slightly slower, which can be an issue during volatile markets. For New Zealand traders trading major pairs like AUD/USD and NZD/USD, XM Group's execution reliability gives it an edge.
| Safety Factor | XM Group | Hantec Markets |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is key for New Zealand traders, and both brokers operate under reputable international licenses. XM Group is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), which offer strong client protection. Hantec Markets is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles. While neither broker is directly regulated by the local financial regulator, XM Group's ASIC license provides additional oversight that aligns well with New Zealand's regulatory standards. Both brokers offer negative balance protection and segregated client funds, ensuring a safe trading environment for Kiwi traders.
| Payment Method | XM Group | Hantec Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several 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 |
Depositing and withdrawing funds is straightforward for New Zealand traders at both brokers. XM Group supports Bank Transfer, Skrill, Neteller, and USDT TRC20, with most deposits processed instantly and withdrawals processed within 24 hours. Hantec Markets also offers these methods, but withdrawals may take 1-3 business days for bank transfers. XM Group has a lower minimum deposit of $5 for e-wallets and USDT TRC20, while Hantec Markets requires a $50 minimum for most methods. Both brokers do not charge deposit fees, but Hantec Markets may apply a small withdrawal fee for bank transfers. For quick and low-cost transactions, XM Group is more favorable for New Zealand retail traders.
| Islamic Account Feature | XM Group | 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 |
For New Zealand Muslim traders, both XM Group and Hantec Markets offer Islamic (swap-free) accounts that comply with Sharia law. XM Group provides swap-free accounts on all account types without any additional fees, making it a cost-effective option. Hantec Markets also offers Islamic accounts but may charge a small administrative fee if positions are held for more than a few days. XM Group's policy is more generous, allowing unlimited holding periods without extra charges. Both brokers require a simple request to activate the account, and they cater to the growing Muslim trading community in New Zealand.
| Support Feature | XM Group | Hantec Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | XM Group |
Customer support is crucial for New Zealand traders, especially during market hours. XM Group offers 24/5 live chat, email, and phone support in English, with fast response times. Hantec Markets also provides 24/5 support but has limited weekend availability. XM Group's support team is more responsive and helpful, which is beneficial for Kiwi traders who may need assistance during the Asia-Pacific trading session. Both brokers offer educational resources, but XM Group's webinars and tutorials are more extensive.
| Mobile Feature | XM Group | Hantec Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | XM Group |
| Google Play rating | 4.3 stars | 4.2 stars | XM Group |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | XM Group | Hantec Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | XM Group |
Choose XM Group if you...
Choose Hantec Markets if you...
After comparing XM Group and Hantec Markets for New Zealand traders, XM Group emerges as the superior choice with its 4.7/5 rating, lower spreads, and better local payment support including Bank Transfer, Skrill, Neteller, and USDT TRC20. Its strong regulatory oversight from ASIC aligns well with the local financial regulator's expectations, providing a safe trading environment. While Hantec Markets offers a reliable, traditional experience, its higher costs and fewer New Zealand-specific features make it less attractive for most retail traders. For Kiwi traders seeking cost-effective, flexible, and well-regulated trading in 2026, XM Group is the recommended option.