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Base currency target currency currencies cannot be the same. As a precondition to registration, financial service providers are required to be members of an approved dispute resolution scheme. Experts say that Forex regulation is missing in New Zealand and what we can see here is not exactly a plan or strategy for making things quite official and legal here, but a way to simplify traders to gain more profits. Providing foreign currency exchange services, and associated money remittance services, generally would not require any licence or authorisation (other than registration as a financial service provider) if this is the dealers sole activity. Track currency trends and access our expert daily and weekly market analyses. Nov :53:15, jonathan Smith in, brokers, fullerton Markets, a New Zealand forex broker regulated by the local Financial Markets Authority (FMA) got a formal warning from the supervisor under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Oops, something went wrong. You will not make a mistake, if you try your luck and test your Forex skills here, because we do guarantee you, this is a country with really good brokers and even better regulation no matter how many people claim its missing. But if agencies like this in other countries do offer both official licenses and safety measures Financial Service Providers Register is also in charge for the singing of the brokers. More information on registration is available. Forex Regulation in New Zealand, in New Zealand, there are 3 well known institutions: fspr, fscl and FMA, but neither of them acts as a regulatory body for New Zealand Forex brokers.
We hope this is of assistance." Another official reply from fspr: "The primary regulator for Brokers would be the Financial Markets Authority. You can access the Financial Service Providers register. If the previous two agencies have their own authorities to make something, to ban or to punish, Financial Markets Authority is the big leader among the three organizations. All those Forex beginners from New Zealand might find the next information quite useful, too! Its never too late to move out to another country either to start a new job, or to start a whole total new life. These activities are generally subject to relatively limited regulation.
Forex Brokers by countries, was the information useful? Circle Markets, eCN/STP STP 50 500:1.01 0, bank Wire, Neteller, divisa Capital. While the NZD found some support following upbeat commentary from Chinese officials and new looser pboc. What is the regulation of Forex brokers based in New Zealand? This is an agency that as you can guess by its name is responsible for the gathering and collecting data about all Forex brokers that are based and registered in New Zealand. Please suggest by adding a comment below. Some foreign exchange dealers may be subject to additional regulatory requirements depending on the activities they undertake.