Futures Broker for NZ/Aus | Forex Factory

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Futures Broker for NZ/Aus

  • #1
  • First Post: Mar 26, 2020 6:59pm Mar 26, 2020 6:59pm
Hello everyone.

Does anyone recomend a futures broker that accept NZ residents? With reasonable comissions and initial deposit (around 10k for example).

I know about AMP futures but I have been reading some bad reviews about them... I am trying to open a demo on rockfort in NZ but to open a demo I must first open a live account, a bit too much hassle just for a practice account.

Preferably I would like to download a trading plataform and not be using an online one.

Thank you everyone.
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #2
  • Mar 26, 2020 10:10pm Mar 26, 2020 10:10pm
Quoting room217
Hello everyone. Does anyone recomend a futures broker that accept NZ residents? With reasonable comissions and initial deposit (around 10k for example). I know about AMP futures but I have been reading some bad reviews about them... I am trying to open a demo on rockfort in NZ but to open a demo I must first open a live account, a bit too much hassle just for a practice account. Preferably I would like to download a trading plataform and not be using an online one. Thank you everyone.
om financial nz.

regards
Bicarus
  • #3
  • Mar 27, 2020 6:00pm Mar 27, 2020 6:00pm
Bell Potter
  • #4
  • Mar 28, 2020 12:55am Mar 28, 2020 12:55am
Thanks.

Can I operate futures using mt5? Apparently AMP futures offers mt5 for that.
I havent seen any comissions there and the spread is close to zero. For those who know futures better, is that correct?

Thank you.
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #5
  • Last Post: Mar 28, 2020 9:51am Mar 28, 2020 9:51am
Quoting room217
I havent seen any comissions there and the spread is close to zero. For those who know futures better, is that correct? Thank you.
Futures are derivatives.. contracts that derive value from the performance of an underlying entity. Therefore there are many different futures; and many exchanges, where certain futures are (exclusively) traded. So, not only you have to pay commissions, but also exchange fees, i.e., the US stock index futures trade on the CME and to trade them, you will have to pay fees of $5 per month to be able to do so. Other futures might be traded in other places and different fees apply. Usually you can buy a bundle to access several exchanges for say $50 monthly.. Spreads are floating, they can be small or bigger, depending on volatility.
https://en.wikipedia.org/wiki/Future...ract#Exchanges
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