The Financial Markets Authority (FMA) is the regulatory body in New Zealand. It became a Forex Brokers hub because it used to offer a license with a relatively low capital requirement and in addition, it was in an ideal position for the Forex Brokers that targeted Asia. - Nevertheless, the FMA has introduced ever since a minimum capital requirements that are in line with the capital requirements of regulated Brokers in the European Union. However, there are many Brokers that choose to register with the FMA due to the location, the strong local economy and the available work force that is considered highly educated in the financial sector.