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

Best New Zealand trading platforms
Top New Zealand Brokers 2021

This guide to the professional online 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 most professional trading patforms in New Zealand.

If you're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept skills at all the concepts of broker since you continue trading. For starters, you need to select the perfect agent in New Zealand who'll be clear with you constantly.

In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan is key to your success.

We currently have 16 Trading Patforms in our database that we believe are the Professional Online Brokers in New Zealand

Who Are The Reputable New Zealand Brokers?

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

We currently have 16 Brokers in our database that we believe are the Top Online Brokers in New Zealand

Varengold BankeToroAxiTraderBNP ParibasBell Potter SecuritiesBCS ForexGDMFXeOptionAmscot StockbrokingXTBHargreaves LansdownRoboforexLondon Capital Group (LCG)ForexMartVanguard InvestmentsWestpac
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Rating4/54/54/54/54/54/52/54/54/54/54/54/54/54/54/54/5
Minimum Deposit$250$200$0$100$5$100$100$500$500$0$200$1$100$1$0$50
Year Founded2008200620072004201520162012200818532002198120091996201520082008
HeadquartersGermanyCyprus, UKAustraliaUKAustrailiaCyprusAnguillaUSAAustrailiaPolandUKCyprusUKCyprusUnited StatesAustrailia
Regulated ByUnregulatedFinancial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)Financial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)UnregulatedUnregulatedMinistry of Economic Affairs and Communications (Estonia)Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoFinancial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Office of the Comptroller of the CurrencyFinancial Conduct Authority (FCA), Prudential Regulation Authority (PRA)
Clients10,000+12,000,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+250,000+10,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at risk75% of retail investor accounts lose money when trading CFDs with this provider.Losses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at risk79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Losses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal FeesvariableYesvariablevariablevariablevariablevariablevariablevariablevariableYesYesNo5variablevariable
Inactivity FeesYesNoNoNoYesNoNoNo
Deposit Fees25020001005100100500500020011001050
CFD FeesNoYesNoYesYes (0.1%)NoYes (0.1% - 0.25%)Yes
Accepts Credit CardsYesYesYesYesYesYes
Accepts PayPalYesNoYesNoNoNo
Accepts SkrillYesNoYesNoYesYes
Accepts PayoneerYesYesYesYesYesNo
Accepts NetellerYesYesYesYesYesYes

Online Stock Trading In New Zealand

Trading stocks and shares in New Zealand is highly regulated and considered quite secure. But, be aware that any investment can go down as well as up, so your capital is in danger.

If you are just starting out with online trading then it's advised to get a demo account first with a regulated broker so that you can find out the systems without the risk of losing cash.

Live Forex Trading In New Zealand

Forex is the biggest liquid financial market in the world with a daily monetary market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (short for Foreign Exchange) is a currency exchange involving two distinct nations and the next management of the consequent position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in New Zealand using professional online brokers

Live CFD Trading In New Zealand

CFD trading is the buying and selling of contracts for difference via an online agent 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 trusted online brokers like plus500 or 101Investing. It is a simple bet as to whether the price will go up or down.  Often, the New Zealand trading platforms will show the prices you have.

If you are looking at how to do spread betting in New Zealand then it is suggested to start with a demo account with either XTM or 101Investing so that you can practice with fake currency before risking your own capital.

Trading Forex 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, professional and customer centric. 

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

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

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

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

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Trading in New Zealand

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

Like all countries there are challenges in New Zealand financial markets and overall the prospects are good. However, like in all global economic markets we recommend that any Online Trading Platforms in New Zealand you decide to use, make sure you do your due diligence first before risking any real money. We have collected hundreds of datapoints and written this guide to help you find the Best Trading Platforms in New Zealand.  We hope that by reading this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In New Zealand

Is Forex Trading Legal In New Zealand?

There's a growing misconception that trading Forex in New Zealand is deemed unsafe. This is not the situation, Forex Currency trading in New Zealand is quite active, safe and regulated.

Trading in Forex is permitted in New Zealand as for any business to trade internationally, foreign currency must be exchanged. Any time you purchase something and it is shipped from overseas, there will be numerous currency exchanges by multiple businesses to receive that item to you.

The important issue is that if trading Forex in New Zealand you select one of the best online brokers.

Do Forex Traders Pay Tax In New Zealand?

After a dealer is successful and their profits reach a particular level then they may be taxed in New Zealand according to the standard taxation rules.

Tax returns should always be registered even if there's a reduction. You should seek out advice with a documented accountant in New Zealand to make certain you're abiding with current local laws as it is extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In New Zealand?

Cryptocurrency markets in New Zealand are quite new. As Cryptocurrencies work on decentralised resources in New Zealand matters like interest rate changes and political instability do not impact them as far as the currency markets.

Cryptocurrencies are more popular with the centuries and with growing income amounts and technology adoption, trading cryptocurrency in New Zealand is rising day by day. It's still modest in comparison to the Forex markets but around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In New Zealand?

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

Some products like agricultural are seeing exponential growth inNew Zealand.

Fast growing markets like India have a significant need for many basic raw materials because of their population. It follows that countries like New Zealand can take advantage of the situation.