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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in New Zealand

Top New Zealand trading platforms
The Best New Zealand Brokers 2021

This guide to the top brokers in New Zealand has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent details about finding the best broker in New Zealand.

If you are a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire adept skills at all the concepts of broker as you continue trading. For starters, you have to choose the right broker in New Zealand who will be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan is key to your success.

We currently have 19 Brokers in our database that we believe are the Professional Brokers in New Zealand

Who Are The Reputable New Zealand Online Brokers?

This review has been written to help you find an experienced New Zealand broker. When looking for an experienced, professional broker in New Zealand it can be a little confusing.  Below we show what your broker options are in New Zealand and what New Zealand online trading platforms can provide you.

A free trial for a minimum of 3 days is one of the best ways to understand the capabilities and reliability of any New Zealand broker. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. This allows you to experiment with the software and see how easy it is. A reuptable broker in New Zealand should make it as simple as possible for any trader. They shouldn't have to do extensive research nor set up multiple accounts before they let you start investing.

We currently have 19 Online Brokers that we believe are the Best Online Brokers in New Zealand

Afluenta Peru SacEllevestm1 financeBlackwell Global investmentsaaafxVantage FXmorrison securities pty limitedEagleFXtifia investmentstaylor collison limitedTraders TrustAlpha Capital MarketsforexiteDirect FXpro finance serviceHugos WaynsfxBinanceAccentForex
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Rating4.23/52.28/54.25/54.57/55.25/54.67/53.20/52.89/54.85/55.85/55.96/52.92/55.15/52.63/55.95/55.85/54.15/55.88/56.85/5
Minimum Deposit$0$1$250$10000$300$200$250$10$250$250$100$0$250$1$250$50$250$100$50
Year Founded2013200820182004200820082014201920212015199819992010200620172017202120172010
HeadquartersPeruUSAAustraliaUnited StatesUnited StatesAustraliaMaltaDominicaUSACyprusCyprusUKSwitzerlandNew ZealandGenevaSt. Vincent and the GrenadinesRussiaJapanVanuatu
Regulated ByFinancial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273UnregulatedHCMC (Greece), FSA (St Vincent & Grenadines)Australian Securities & Investment Commission (ASIC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F281UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F324Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F318Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ????? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F296UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F288UnregulatedVanuatu Financial Services Commission (VFSC)
Clients10,000+10,000+10,000+10,000+60,000+10,000+12,000,000+5,000+10,000+30,000+10,000+10,000+10,000+10,000+150,000+14,000+10,000+1350000010,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskTrading spot currencies involves substantial risk and there is always the potential for loss.Your capital is at riskYour capital is at riskCFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with EagleFXYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskTrading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.Your capital is at riskYour capital is at riskForeign exchange trading carries a high degree of risk.
Withdrawal FeesYesYesNoYesYesNoYesYesNoNoNoNoYesNoYesNoYesYesYes
Inactivity FeesNoYesNoYesYesNoYesYesNoNoYesYesYesNoYesNoNoNoYes
Deposit Fees012501000030020025010250250100025012505025010050
CFD FeesNoYesYesNoNoNoNoNoYesNoNoNoNoYesYesNoNoNoNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoNoYesNoYesNoYesNoYesYesNoNoYesNoYesNoYesNoNo
Accepts SkrillNoNoYesNoYesNoYesNoYesYesNoNoYesNoYesNoYesNoYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerNoNoYesNoYesNoYesNoYesYesNoNoYesNoYesYesYesNoYes

Online Stock Trading In New Zealand

Trading stocks and shares in New Zealand is highly controlled and considered quite safe. But, be aware that any investment may go down as well as up, which means that your capital is at risk.

If you are just starting out with online trading then it's advised to get a demo account first with a controlled broker so you are able to learn the strategies without the danger of losing cash.

Live Forex Trading In New Zealand

Forex is the greatest liquid financial market in the world using a daily financial exchange turnover of over $5 trillion (BIS data April 2016).

Forex (Abbreviation of Foreign Exchange) is a money exchange between two different countries and the next management of the consequent position where one currency gains and the other loses.

It's easy to do Live Forex Trading in New Zealand with seasoned online brokers

Live CFD Trading In New Zealand

CFD trading is the buying and selling of contracts for difference via an online trading partner in New Zealand. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In New Zealand

Spread Betting in New Zealand is possible using professional online trading platforms like XM or FP Markets. It is a simple bet as to whether the price will go up or down.  Often, the New Zealand trading platforms will display the prices you have.

If you are looking at how to do spread betting in New Zealand then it is a good idea to start with a demo account with either plus500 or 101Investing so that you can practice with monopoly money before risking your own capital.

Trading Stocks in New Zealand

Globally, New Zealand is considered safe to do online trading and has access to other global financial centers. In New Zealand, online brokers are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the important things any trader should know:

The financial markets in New Zealand are mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in New Zealand.

The online trading solutions used by brokers in New Zealand are thoroughly tested and highly rated & secure.

Whichever Online Trading Brokers in New Zealand you decide to use, ensure they have all of the below:

  • User friendly platform
  • Access to a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Using Online Trading Platforms in New Zealand

The US Dollar is considered the base currency globally so even a tiny change in the US financial markets could affect the financial markets in New Zealand. The EU is also a large market and changes there could affect the financial markets in New Zealand.

Like many countries there are opportunities in New Zealand financial markets but overall the prospects are great. However, like in all global economic markets we recommend that any Online Trading Brokers in New Zealand you decide to use, make sure you do your homework first before risking any real money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in New Zealand.  We hope that by using this guide you will find a experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In New Zealand

Is Forex Trading Legal In New Zealand?

There is a growing misconception that trading Forex in New Zealand is considered unsafe. This is not the case, Forex trading in New Zealand is quite active, regulated and safe.

Trading in Forex is allowed in New Zealand as for any business to trade globally, foreign currency must be exchanged. Any time you buy something and it is shipped from overseas, there will be multiple money exchanges by multiple companies to receive that thing to you.

The important thing is that when trading Forex in New Zealand you pick one of the best online brokers.

Do Forex Traders Pay Tax In New Zealand?

After a dealer is successful and their gains reach a particular level then they can be taxed in New Zealand according to the standard tax rules.

Tax returns should always be registered even if there is a loss. You should seek advice with a registered accountant in New Zealand to make certain you're abiding with present local laws as it is very dependent on your personal circumstances.

Can You Trade Cryptocurrencies In New Zealand?

Cryptocurrency markets in New Zealand are rather new. As Cryptocurrencies operate on decentralised assets in New Zealand things like interest rate changes and political instability don't impact them as much as the currency markets.

Cryptocurrencies are more popular with the centuries as well as increasing income levels and technologies adoption, trading cryptocurrency in New Zealand is increasing day by day. It's still small compared to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In New Zealand?

Commodities trading in New Zealand involves trading in matters like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inNew Zealand.

Fast growing economies like India have a significant need for many fundamental raw materials because of their inhabitants. It follows that countries like New Zealand can benefit from this situation.