If you are a Forex Trader or you have just started researching about it, you might want to try XM, a leading Forex and CFD Trading Platform. But the first thing that you needed to confirm is whether the company opens Forex Trading accounts to local clients. Unfortunately no, XM doesn't open Trading accounts for clients living in New Zealand.
However, you might be surprised but don't feel disappointed, we believe that you might want to try Plus500 instead.
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Plus500 is a NZ-regulated trading platform, that has been classified as one of the top CFD trading platforms available. As per their own Annual Statement, it is the number one CFD provider in both the UK and Germany in terms of number of Traders.
Plus500 allows access to international markets trading first through a Free Simulator of its Multi Awarded Trading Platform and then, through a simplified account opening process: They will ask you to upload your ID (Passport or Driver's License) and a Proof of Residence. Plus500's trading platform, called Webtrader, offers CFDs on Stocks, Indices, ETFs, Commodities, Forex and Cryptocurrencies. Definitely worth trying it.
Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
PLUS500: THE BEST ALTERNATIVE TO XM FOR NZ CLIENTS
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved. Please consider our Risk Disclosure Statement and User Agreement before using our services.