Best NZD/USD Forex Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: March 14, 2025

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• Jump to:
• Curated List of The 10 Best Forex Brokers for NZD/USD Trading
• How NZD/USD Trading Works for Traders and Brokers
• FAQ
›

Our team of expert traders tested several regulated and trustworthy forex brokers and compiled a toplist with the best brokers for trading NZD/USD. Each broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Fusion Markets

   Rating: 4.5

   74-89% of retail's CFD accounts lose money

2. 

   FP Markets

   Rating: 4.8

   73.85% of retail investor accounts lose money

3. 

   Global Prime

   Rating: 4.5

   74-89% of retail CFD accounts lose money

4. 

   Pepperstone

   Rating: 4.5

   75.5% of retail investor accounts lose money

5. 

   Axi

   Rating: 4.4

   The vast majority of retail client accounts lose money

6. 

   XM Group

   Rating: 3.2

   72.82% of retail investor accounts lose money

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Curated List of The 10 Best Forex Brokers for NZD/USD Trading

Starting to trade in the FX market can be an arduous endeavour. There is a seemingly endless amount of information to sift through and learn, and the process is not made easier once the time comes for you to choose your broker.

The past few decades saw a boom in retail forex investments, as the internet provided ample opportunity for brokers to offer their services online and thus make FX trading accessible to retail traders. The sheer number of brokers on the web can be overwhelming, and the spread limit, the commission, the broker’s regulators, and more, are all aspects one should consider before settling on a broker. In order to assist you with this process, we have gathered some of the best NZD/USD brokers below.

The NZD/USD pair showcases how many US dollars it takes to buy one New Zealand dollar. It is a commodity pair, seeing as the NZD and the New Zealand economy, in general, are heavily influenced by agricultural factors. Whole milk powder is one of the largest exports of the country, which means that its value will increase when dairy prices are on the rise globally. When diary prices are down, however, trading the Kiwi also becomes less appealing.

The NZD/USD pair is available at the majority of online brokerages, giving investors who prefer this pair an ample number of websites to choose from.

How NZD/USD Trading Works for Traders and Brokers

A forex pair consists of two types of currencies. The first one, which here is the New Zealand dollar, is called the base currency. The other is referred to as the quoted currency, and here, that would be the American dollar. Investors make use of lots in order to decide how many units they should trade, and a standard lot consists of 100,000 units.

The NZD/USD is also popular among carry trade enthusiasts. A carry trade can be done when one of the currencies in the pair you focus on has an interest rate higher than the interest rate of the other currency. The investor can then use the low-interest currency to convert into the other. If you hold this trade and the price remains the same, you make a profit off of the interest rate differential. Carry trading can be very risky, especially when high volatility is involved and in times of economic turmoil in general. Therefore, caution is advised for anyone contemplating this trading strategy.

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