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However, before choosing a broker and starting to trade, it is important to educate yourself on what to look out for in the process. In this aspect, New Zealand is ahead of many other countries that still remain without regulatory bodies to help traders navigating the market.
There are standards that brokers must keep in order to obtain and keep their license. For instance, the company must be able to function effectively and fulfill the licensing conditions imposed by FMA. The regulatory body evaluates brokers constantly to make sure it doesnt impose threats to the state funds or its customers.