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New Zealand and Australia have both benefited by the enormous growth in the emerging economies of Asia. As burgeoning middle classes have increased their respective disposable incomes, their desire to eat better food has raised demand dynamics in favor of Kiwi exports. The New Zealand Dollar has appreciated, as a result, to higher levels than most analysts would have ever forecasted, and the desire of local investors to parlay these positive trends into investment gains has driven many to choose forex trading as an appropriate venue for this strategy.

Choosing a forex broker in New Zealand, however, requires more due diligence than in most other countries. While currency trading has gained worldwide popularity as one more lucrative option to pursue, New Zealanders are in their initial phases of industry development, fraught with many of the same issues that other markets had to deal with in the early going, namely outrageous marketing claims and outright fraudulent activities from the criminal elements of society.

Where there is money and a lack of experience, fraudsters will congregate until driven out by authorities. Activities are not totally unregulated, but at this stage of development, many believe that investor protection is pretty thin.

Brokers must comply with standard anti-money laundering laws, and they must obtain licenses from the New Zealand Securities Commission, the financial oversight authority in the country that has established a framework of rules related to commodities and futures trading.

Currency trading, however, is already big business, and the rules setting bodies are just now addressing this new genre. In many cases, traders defer to high quality brokers that have been in Australia for some time. Many of these have also set up shop in New Zealand, but many of the shadier variety have also rushed to the scene in search of easy commissions and investor deposits.

Safety and security should be your primary concern in your selection process. Check credentials, seek recommendations from veteran traders, and read reviews that are truly independent. To summarize, choosing a forex broker can be a daunting task, but do not shortcut this process, or you may live to regret it.

Choose a broker that meets all of your tests, from safety and security to providing all of the features, tools, and research necessary to ensure a favorable trading experience. As traders ourselves, we know how unnerving this can be at times, and to make your job easier, we have screened and selected a choice group of regulated brokers to be featured in our forex broker list above.

Check it out, and make yours a winning career! OptiLab Partners AB Fatburs Brunnsgata 31 28 Stockholm Sweden Email: You are using an outdated browser. Please upgrade your browser to improve your experience.

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