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

Traders in New Zealand should take advantage of the many online stock brokers available in their market. Most of the brokers available in New Zealand are regulated by top-tier authorities, including New Zealand’s Financial Markets Authority (FMA), and have a wide range of offerings such as commodities, futures, and CFDs.

However, one question that keeps popping up, especially from beginners, is “How do I identify the best stock broker?” We have answered this question in this guide by recommending the best brokers who have been tested and reviewed by our experts.

After hundreds of hours spent testing and reviewing each broker on the market, we have finally handpicked the best stock brokers in New Zealand, and we will share them with you in this article.

Best Stock Brokers in New Zealand

CMC Markets
IG Markets
eToro

Spread on Amazon

0.08%

Min. $2

0.09%

Commission

Withdrawal Fee

0%

0%

€25

Minimum Deposit

€0

$250

€100

Time to Withdraw

1 Day

1-3 Days

1 Day

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

300

80+

47

How Many Stocks

9000+

12,000+

1,000+

Platform

MT4 + DMA

MetaTrader 4 + DMA

eToro + eToroX

Mobile App

24/7 Support

Regulation

ASIC

ASIC

CySEC

Based in

the UK

The UK

Israel

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Stock Brokers in New Zealand

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.

Best Cheap Stock Trading Platforms in New Zealand

eToro
IG Markets
Plus500

Spread for Bitcoin

0.75%

6 pips

Variable

Spread for USD/EUR

3 pips

1 pip

Variable

Spread on Amazon

0.09%

Min. $2

Variable

Commission

Withdrawal Fee

€25

0%

€0

Minimum Deposit

€100

$250

€100

Time to Withdraw

1 Day

1-3 Days

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

47

80+

70+ (CFD)

How Many Stocks

1,000+

12,000+

1,500+ (CFD)

Platform

eToro + eToroX

MetaTrader 4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

CySEC

ASIC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Cheap Stock Trading Platforms in New Zealand

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. 

Most Popular Stock Brokers in New Zealand

CMC Markets
eToro
IG Markets

Spread on Amazon

0.08%

0.09%

Min. $2

Commission

Withdrawal Fee

0%

€25

0%

Minimum Deposit

€0

€100

$250

Time to Withdraw

1 Day

1 Day

1-3 Days

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

300

47

80+

How Many Stocks

9000+

1,000+

12,000+

Platform

MT4 + DMA

eToro + eToroX

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

ASIC

CySEC

ASIC

Based in

the UK

Israel

The UK

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Most Popular Stock Brokers in New Zealand

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.

Best Stock Brokers for Beginners in New Zealand

eToro
Plus500
IG Markets

Spread for Bitcoin

0.75%

Variable

6 pips

Spread for USD/EUR

3 pips

Variable

1 pip

Spread on Amazon

0.09%

Variable

Min. $2

Commission

Withdrawal Fee

€25

€0

0%

Minimum Deposit

€100

€100

$250

Time to Withdraw

1 Day

1-3 Days

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

47

70+ (CFD)

80+

How Many Stocks

1,000+

1,500+ (CFD)

12,000+

Platform

eToro + eToroX

Plus500

MetaTrader 4 + DMA

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

ASIC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Stock Brokers for Beginners in New Zealand

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.

Best Stock Trading Platforms for Experienced Traders in New Zealand

IG Markets
CMC Markets
Plus500

Spread on Amazon

Min. $2

0.08%

Variable

Commission

Withdrawal Fee

0%

0%

€0

Minimum Deposit

$250

€0

€100

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Cryptocurrencies

12 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

80+

300

70+ (CFD)

How Many Stocks

12,000+

9000+

1,500+ (CFD)

Platform

MetaTrader 4 + DMA

MT4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

ASIC

ASIC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Stock Trading Platforms for Experienced Traders in New Zealand

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.

Best Stock Brokers for Day Trading in New Zealand

IG Markets
CMC Markets
eToro

Spread on Amazon

Min. $2

0.08%

0.09%

Commission

Withdrawal Fee

0%

0%

€25

Minimum Deposit

$250

€0

€100

Time to Withdraw

1-3 Days

1 Day

1 Day

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

80+

300

47

How Many Stocks

12,000+

9000+

1,000+

Platform

MetaTrader 4 + DMA

MT4 + DMA

eToro + eToroX

Mobile App

24/7 Support

Regulation

ASIC

ASIC

CySEC

Based in

The UK

the UK

Israel

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Stock Brokers for Day Trading in New Zealand

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.

What Makes a Good Stock Broker & Platform in New Zealand?

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. 

How we Research the Stock Brokers

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.   

Tested Platforms & Brokers - And By Who
  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • HYCM
  • ForexTime
  • FXPro
  • FXGrow
  • AAAtrade
  • Markets
  • IFC
  • iForex
  • FXCM
  • Markets
  • CMC
  • LCG
  • Forex.com
  • Oanda
  • FXCC
  • Finmaxbo
  • Marketscube
  • Trader.online
  • Teletrade
Adam Jarfjord
Senior Editor
With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQs

Is TD Ameritrade available in New Zealand?
Yes. Traders in New Zealand have access to TD Ameritrade. To register with this broker, simply create an account on its website, where you will have access to various stock markets and securities.
Does eToro work in New Zealand?
Yes. eToro not only allows New Zealand investors, but it is also one of the best stock brokers for beginners in New Zealand. This is because of its social trading platform, which allows beginners to copy trades from the professionals.
Do I need a broker to buy stocks?
Absolutely. Stock brokers will help you gain access to the stock markets where you will have options to choose from. Remember, the stock broker should be regulated by highly regarded authorities, such as the Financial Conduct Authority (FCA) and the Financial Markets Authority (FMA).
How do you trade stocks in New Zealand?
Trading stocks in New Zealand is easy and cost-effective if you have a suitable stock broker like the ones we recommend on our reviews above. Once you create a brokerage account, you will have access to various stock options to invest.
Are New Zealand share brokers safe?
There is only one way to identify a safe share broker in New Zealand. All safe share brokers must be licensed and regulated by the best authorities, such as the Securities and Exchange Commission (SEC), and the Financial Markets Authority (FMA).
Can you day trade in New Zealand?
Although there is limited buying and selling on New Zealand’s share market, there is no law restricting a trader in New Zealand to day trade. Simply choose a safe broker, like TD Ameritrade, and start investing.
What time does the New Zealand stock market open?
The New Zealand Stock Exchange (NZX) is open for trades between 10am and 4pm on weekdays (local time). Note that the stock market remains closed on weekends and public holidays.
How can I invest in Tesla from NZ?
You need to have a trusted broker like the ones recommended by us. Open a brokerage account and make a deposit. Once done, you can search for Tesla or its symbol, TSLA, then make your investment. Note that the number of purchases you make will entirely depend on your budget.

Conclusion

Investing in New Zealand’s stock market is a great way to build your nest egg. Although it is a risky type of investment, the results could be rewarding if you know how to manage the risks. Also, choosing the best broker that aligns with your trading needs can be a contributing factor to your success.

Here, we have recommended the best brokers in the New Zealand market. We have spent hours reviewing and testing these brokers to bring you accurate results, without being biased. Note that the best broker does not guarantee success. You need to understand the risks that come with trading and use your skills accordingly.

The most important thing that we never turn a blind eye to when testing stock brokers in New Zealand, is your safety. All the brokers you find here are approved by top-tier authorities, such as the Financial Markets Authority (FMA), the Financial Conduct Authority (FCA), and the Securities and Exchange Commission (SEC), among others. 

Before we let you go, remember that stock brokers have different instruments and fees. You must figure out your budget and trading needs before making a commitment to a broker. Customer support must also be reputable, especially if you are a beginner. You will require guidance and clarification as you get used to how trading works. Additionally, the broker should also be available in English.

Note: Feel free to leave any comment or question below. We will get back to you as soon as possible.

Leave a comment