Financial Markets Authority
FMA · New Zealand · Established 2011
Financial Markets Authority (FMA) is the financial regulator of New Zealand, established 2011. It caps retail leverage at 1:30, requires negative balance protection and segregated client funds, and compensates clients up to NZD 1,000,000 if a firm fails.
Official register
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:30
- Maximum leverage, professional
- 1:500
- Compensation if the firm fails
- NZD 1,000,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Securities, KiwiSaver, Financial Advisers, Derivatives
- Body type
- Government
About FMA
The FMA regulates New Zealand's financial markets and service providers. Committed to fair, efficient, and transparent markets with strong investor protection.
- Derivatives issuer license required
- Client money segregation
- Regular reporting