The Best Stock Brokers and Trading Platforms in New Zealand for 2021

There are several factors that you need to consider when looking for a stock broker in New Zealand. First, you need to have a clear idea of what your trading needs are, i.e. budget and assets, among others. Then, identify a reputable stock broker that is regulated by the Financial Markets Authority (FMA). Examples of the best stock brokers in New Zealand are the three recommended above, and you can read our reviews on them to know more.

The best stock brokers in New Zealand have all the selection of instruments you need, such as commodities and futures.

Test the brokers through their free trial or demo accounts. This allows you to figure out if the platform runs seamlessly and if the features are impressive. Note that you cannot make a profit with the demo account since you will be trading using virtual funds. So, once you have tested these stock brokers, do not hesitate to create a live account and try your luck.

They also have a CFD and direct market access (DMA) platforms to give you direct access to the stock markets. Additionally, you will find educational and resource tools on their platform to improve your trading experience.

Finding a cheap stock trading platform that offers the necessary tools in New Zealand can be challenging. Although there is no sure-fire way to guarantee a successful trading experience, there are factors that can kickstart a successful investment. One of the elements and the most essential one is finding a suitable broker, like the ones we recommend above.

Our brokers are regulated by highly regarded authorities, such as the Financial Markets Authority (FMA) and the Financial Conduct Authority (FCA). We always keep an eye open for this factor because it guarantees the security of your investment.

Also, remember that New Zealand is one of the countries with the most stringent trading regulations, meaning that it is only legal to invest in a regulated stock broker.

Most traders look for brokers with low trading charges that align their trading needs. If you are among the low budget traders, these brokers will suit your needs. Even though other traders go all in with their funds, it does not mean that they have a better chance to succeed. Successful trading is all about good strategy and patience. We recommend you try the demo accounts available first, before proceeding to a live version. 

Popular stock brokers in New Zealand are known for their wide selection of tradable stocks. Therefore, it is best to consider a CFD broker, instead of a traditional stock broker. This feature also allows you to apply leverage (i.e. borrow money from a broker to trade), thereby increasing your position. 

The most popular stock brokers in New Zealand are safe. We can confirm that they are regulated by top-tier authorities, including the Financial Conduct Authority (FCA) in the UK and the Financial Markets Authority (FMA) in New Zealand. 

Since most brokers target the New Zealand market, we can also confirm that these three provide access to New Zealand’s Exchange (NZX), and foreign markets, such as the United States.

When reviewing brokers in New Zealand, our expert researchers spent more than 150 hours testing and analysing. Our findings indicate that the most popular stock brokers in New Zealand are the ones we recommend. Feel free to try them. However, you must note that although the brokers have similarities when it comes to efficiency and research tools, their trading fees vary. We advise you to confirm their charges before making a commitment.

As a beginner in New Zealand, you need a safe and reliable broker that provides the necessary tools to improve your experience. You also need a broker that offers a demo account to test and see if they are worth committing to. Demo accounts act as a sample of what a live version looks like. You cannot make profits with this type of account since you are trading using virtual money.

The brokers above are licensed and regulated by top-tier authorities, including the Financial Markets Authority (FMA), the Financial Conduct Authority (FCA), and the Securities and Exchange Commission (SEC). The more licenses a stock broker has, the safer they are to invest in. No wonder these three top the list among the best stock brokers for beginners in New Zealand.

Finding a stock broker with easy-to-use features and educational materials makes trading easier for new investors. These three will therefore perfectly fit into your trading needs. Note that experienced traders can also invest with these brokers, so do not worry about finding another broker later on because our recommended ones are flexible to all.

One more thing that makes our recommended brokers stand out is their reputable customer support. Their support service is reliable and available on various communication channels, such as email, telephone, and live chat.

Experienced traders in New Zealand need a broker with more advanced tools and resources to invest long-term. These brokers are what you need since they are regulated by the very best authorities, such as the Financial Markets Authority (FMA) in New Zealand.

Additionally, the brokers’ platforms have customisable features with reputable customer support that will be at your disposal, in case of any questions or requests.

Most experienced investors practice international trade.

Therefore, we took it upon ourselves to recommend brokers that not only allow local investment, but also international. The foreign brokers are also licensed and regulated by top-tier international authorities, such as the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC).

Lastly, the best stock trading platforms offer trading in various currencies, such as the euro and US dollar. They are also available in different languages and allow access to resource tools for your trading needs. Their mobile applications are also available on Google Play and the App Store. You can download them on your mobile device to monitor your trades anywhere, anytime.

Day trading brokers have now become a gem to most traders, especially the professionals. When looking for the best stock brokers for day trading in New Zealand, we considered the ones with a wide range of assets and trading markets. We can also confirm that these three are safe to use, since they are overseen by the very best regulators, including the Financial Markets Authority (FMA).

Day trading investors need to be very careful when choosing a stock broker. We all know that when you trade, every second counts.

So, any glitch or delay can cost you money. That said, our recommended brokers offer a platform with more advanced tools that will give you a seamless experience.

There are various day trading brokers in the market, but these three top the list in the New Zealand stock trading market. Try them and let your trading experience begin.

The Financial Markets Authority (FMA) oversees the financial sector in New Zealand. It is essential to keep in mind that stock brokers should receive approval from this regulatory authority in order to offer their services to New Zealand investors.

Before choosing a stock broker, you must also have a clear idea of your trading needs and consider the following factors:

1.Safety: The safety of your investment is of utmost importance. Therefore, instead of randomly choosing a broker, make sure that they are regulated by top-tier authorities, including the Financial Markets Authority (FMA) in New Zealand.

2.NZX membership: If you are a local stocks investor, then you need to find a stock broker that is listed on the New Zealand Stock Exchange (NZX). This membership is essential as you are guaranteed that their representative will oversee your orders.

3.Trading platform: The way you place your orders and monitor trades will depend with your stock broker’s online presence. Make sure that the broker has a flexible platform on both desktop and mobile devices.

4.Fees: Budget is also an essential element when choosing a stock broker. Whereas there are brokers with low costs, some will charge high fees. For example, day traders who invest frequently are likely to spend more than traders who don’t. Therefore, choose a broker you can afford.

5.Instruments: Since you are a stock trading enthusiast, we advise you to look for a stock broker offering many stock instruments. This allows you to try different trades in one platform. 

When conducting our research for a guide like this, it can take us weeks or even months to get accurate results. This is because our main objective is to deliver quality information to the readers. On average, we spend more than 150 hours reviewing honest user reviews and testing the brokers through their demo or free trial accounts.

Our researchers are experienced and well-versed in the industry. They know how trading in general works and can identify all sorts of securities and assets available in different trading platforms. We don’t just rely on our findings, but combine them with honest user reviews from Google Play and the App Store. This is what sets us apart from other researchers.

Note that we also considered local requirements. For example, since the primary language in New Zealand is Maori or English, we prioritise stock brokers that are available in English.

Additionally, these brokers should provide access to New Zealand’s Exchange market (NZX) and allow you to trade New Zealand dollars in pairs with the world currency.

The Financial Markets Authority (FMA) is responsible for overseeing trading activities in New Zealand. Through this commission, brokers are granted permission to offer their services in accordance with the law. We make sure that the stock brokers we recommend are also regulated by other top-tier regulators globally, including the UK’s Financial Conduct (FCA) Authority, and Australia’s Australian Securities and Investment Commission (ASIC).

Note that the trading market keeps changing, thereby introducing new brokers, assets, and tools. When the change occurs, we make sure that we update our reviews so that all readers can be well informed. Therefore, we advise you to be on the lookout for any updates.