15 Best Trading Platforms and Brokers in New Zealand 2020

New Zealand has been a financial center in the southwestern Pacific Ocean for over a hundred years.

New Zealand also known as NZ or Aotearoa has a number of established reputable financial markets.

The main securities markets in New Zealand include the The New Zealand Exchange (NZX) which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

Restructuring and deregulation has transformed the financial sector in Ireland over the last 30 years with important changes in the The New Zealand Exchange (NZX), insurance, banking, shipping, and commodity markets.

New Zealand Brokers

New Zealand brokers are regulated by the Financial Markets Authority (FMA), the official financial body in the country that was established in 2011 following a bill passed in the parliament.

We have written this guide to help you find the best brokers available in New Zealand. The major stock exchange in New Zealand is the New Zealand Exchange (NZX) Market is has 200 companies listed on it.

New Zealand Trading Types

New Zealand brokers offer several trading account types we explain some of them below:

New Zealand Forex

Forex trading In New Zealand is the most fluid financial market. Prices are constantly changing on NZD currency pairs allow for knowledgeable traders to capitalize on price movements between currencies.

New Zealand CFD

In New Zealand many brokers offer CFD trading which can help you trade in contract for difference contracts. CFDs provide traders with added leverage meaning a traders deposit and has more buying power in a CFD. Be aware that with a CFD your losses can exceed your deposited amount. The margin leverage works both ways.

New Zealand Demo Account

This is relevant to any country not only New Zealand. Demo accounts allow people new to a broker or trading platform to familarise themselves with financial trading. When trading with New Zealand brokers we recommend opening multiple demo accounts. It will help you find a broker you are comfortable with and help you in making a strategy, learning and checking services and platforms.

New Zealand Trading Opportunities

In terms of ease of trading the country is ranked as one of the best in the world. Its regulatory environment is highly favorable for companies as well as investors. Investors can grab some new business opportunities in New Zealand and local banks eagerly welcome investment.

The financial body (FMA) works closely with firms to bring a better code of conduct and more practical regulatory system.

New Zealand Trading Challenges

Trading in any market needs skill and it is no exception in New Zealand. These challenges include climate and geological factors.

In recent years the agricultural spending in New Zealand has decreased and drought has declined production. The Canterbury earthquake on September 4th 2010 forced the New Zealand government to spend $40 billion in reconstruction projects in the south island.

Trading with New Zealand Brokers Verdict

Most of the New Zealand brokers regulated by FMA help traders in providing educational materials to new traders. Better education allows traders to perform more informed decisions when placing a trade on financial markets.

Traders should have confidence in all regulated New Zealand brokers as all the transactions are overseen by FMA, which is one of the strictest financial regulators in the world.

We've collected thousands of datapoints and written a guide to help you find the best New Zealand Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best new zealand brokers below. You can go straight to the broker list here.

Trading in New Zealand

When trading in New Zealand you will need to know what your options with your New Zealand trading broker are.

We list below the trading account types available in New Zealand. If you are looking for brokers in New Zealand that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this New Zealand broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in New Zealand

Forex trading is growing in popularity in New Zealand. The volume of Forex traded in New Zealand has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in New Zealand and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in New Zealand?

Their is a misconception that trading Forex on the financial market in New Zealand is considered unsafe. This is not the case, Forex trading in New Zealand is very active.

Trading in Forex is allowed in New Zealand as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. New Zealand Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in New Zealand?

Once a traders profits reach a level where the income on the Forex trading can be taxed in New Zealand the trader should make sure all taxes owed for a financial year are paid. New Zealand taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in New Zealand. You should seek advice with a New Zealand tax professional to ensure they are abiding by all proper tax laws in New Zealand. In New Zealand Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in New Zealand

Cryptocurrency markets in New Zealand are relatively new. Because Cryptocurrency works on decentralised assets in New Zealand things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in New Zealand for example.

Due to a large young population in New Zealand with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in New Zealand. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in New Zealand

In New Zealand commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in New Zealand since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like New Zealand are able to take advantage of this demand.

Islamic Accounts in New Zealand

New Zealand brokers support Islamic accounts or swap-free accounts. New Zealand Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in New Zealand offer accounts that are suitable for Islamic traders. These New Zealand brokers complies with Sharia law.

Benefits of Trading in New Zealand

New Zealand economy and population is growing. The middle class population in New Zealand is increasing which means a growing consumer base. Many business and financial opportunities exist in New Zealand. New Zealand has a young population educated in technology and the internet.

Concerns of Trading in New Zealand

New Zealand digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this New Zealand guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. New Zealand Brokers offering high leverage trades in New Zealand can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some New Zealand brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Trading Platforms and Brokers in New Zealand Checklist

There are a number of important factors to consider when picking an online New Zealand trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable New Zealand broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering New Zealand Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 New Zealand Brokers of 2020 compared

Compare New Zealand Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are new zealand brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more new zealand brokers that accept new zealand clients

All New zealand brokers in more detail

You can compare New Zealand Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

eToro

★★★★☆ (4/5)

Min deposit : 200
eToro offers CFDs, Social Trading
eToro was established in 2006 and is used by over 12000000+ traders.

Visit eToro Try a Demo Read review

62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Broker	eToro	XTB	IC Markets	Trading212	Pepperstone	Plus500	FXPrimus	EasyMarkets	Roboforex	XM	ThinkMarkets	HY Markets	Forex.com	OctaFX	NordFX	FXPro
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆
locality	eToro accept New Zealand clients	XTB accept New Zealand clients	IC Markets accept New Zealand clients	Trading 212 accept New Zealand clients	Pepperstone accept New Zealand clients	Plus500 accept New Zealand clients	FXPrimus accept New Zealand clients	EasyMarkets accept New Zealand clients	Roboforex accept New Zealand clients	XM accept New Zealand clients	ThinkMarkets accept New Zealand clients	HYCM accept New Zealand clients	Forex.com accept New Zealand clients	OctaFX accept New Zealand clients	NordFX accept New Zealand clients	FXPro accept New Zealand clients
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)	Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048	Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)	Financial Conduct Authority (FCA)	Cyprus Securities and Exchange Commission (CySEC), License No: 209/13	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
Min Deposit	200	No minimum deposit	200	1	200	100	100	1	1	5	250	100	500	5	1	100
Funding	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal
Used By	12,000,000+	250,000+	60,000+	14,000,000+	10,000+	15,500+	10,000+	10,000+	10,000+	70,000+	10,000+	10,000+	40,000+	30,000+	10,000+	10,000+
Benefits	Offers STP Low min deposit	Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit	Allows scalping Allows hedging Offers STP Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection
Accounts	Demo account Micro account Mini account Standard account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account Zero spread account Raw Spread account Islamic account	Demo account	Demo account Mini account Standard account ECN account Islamic account	Demo account Standard account Islamic account	Demo account Micro account Mini account Standard account ECN account Managed account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Mini account Standard account Zero spread account Islamic account	Demo account Mini account Standard account ECN account Islamic account	Demo account Micro account Mini account Standard account Islamic account	Demo account Mini account Standard account ECN account Islamic account	Demo account Micro account Mini account Standard account Zero spread account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Mini account Islamic account
Spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads	fixed spreads variable spreads
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, Mac, Web Trader, Tablet & Mobile apps	MT4, Tablet & Mobile apps	MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps	MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Tablet & Mobile apps	MT4, MT5, cTrader, Tablet & Mobile apps
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Learn More	Sign Up with eToro	Sign Up with XTB	Sign Up with IC Markets	Sign Up with Trading 212	Sign Up with Pepperstone	Sign Up with Plus500	Sign Up with FXPrimus	Sign Up with EasyMarkets	Sign Up with Roboforex	Sign Up with XM	Sign Up with ThinkMarkets	Sign Up with HYCM	Sign Up with Forex.com	Sign Up with OctaFX	Sign Up with NordFX	Sign Up with FXPro
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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	76.4% of retail CFD accounts lose money	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Your capital is at risk	Losses can exceed deposits	Losses can exceed deposits	69% of retail investor accounts lose money when trading CFDs with this provider	Losses can exceed deposits	Losses can exceed deposits	Your capital is at risk
Demo	eToro Demo	XTB Demo	IC Markets Demo	Trading 212 Demo	Pepperstone Demo	Plus500 Demo	FXPrimus Demo	EasyMarkets Demo	Roboforex Demo	XM Demo	ThinkMarkets Demo	HYCM Demo	Forex.com Demo	OctaFX Demo	NordFX Demo	FXPro Demo
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, IN, PK, BD, NG , ID, BE	AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA	US	KR, IR, IQ, SY, JP, US	BE, US, CA, CN, ID, PH	AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.	US	US, JP	US, CA, IL, BE, KR, IR, MM, CU, SD, SY	AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW	US	BE	US	No	US, IR, CA

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

XTB

★★★★☆ (4/5)

Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 250000+ traders.

Visit XTB Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego

IC Markets

★★★★☆ (4/5)

Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 60000+ traders.

Visit IC Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Trading212

★★★★☆ (4/5)

Min deposit : 1
Trading 212 offers Stocks, Forex, Commodities, Indices
Trading 212 was established in 2006 and is used by over 14000000+ traders.

Visit Trading 212 Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 10000+ traders.

Visit Pepperstone Try a Demo Read review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

Plus500

★★★★☆ (4/5)

Min deposit : 100
Plus500 offers CFDs
Plus500 was established in 2008 and is used by over 15500+ traders.

Visit Plus500 Try a Demo Read review

76.4% of retail CFD accounts lose money

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14

FXPrimus

★★★★☆ (4/5)

Min deposit : 100
FXPrimus offers Forex, Social Trading
FXPrimus was established in 2009 and is used by over 10000+ traders.

Visit FXPrimus Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 1
EasyMarkets offers Forex, CFDs
EasyMarkets was established in 2003 and is used by over 10000+ traders.

Visit EasyMarkets Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

Roboforex

★★★★☆ (4/5)

Min deposit : 1
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 10000+ traders.

Visit Roboforex Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC)

★★★★☆ (4/5)

Min deposit : 5
XM offers Forex, CFDs
XM was established in 2009 and is used by over 70000+ traders.

Visit XM Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

ThinkMarkets

★★★★☆ (4/5)

Min deposit : 250
ThinkMarkets offers Forex, CFDs
ThinkMarkets was established in 2010 and is used by over 10000+ traders.

Visit ThinkMarkets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)

HY Markets

★★★★☆ (4/5)

Min deposit : 100
HYCM offers Forex, CFDs
HYCM was established in 1977 and is used by over 10000+ traders.

Visit HYCM Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048

Forex.com

★★★★☆ (4/5)

Min deposit : 500
Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies
Forex.com was established in 1999 and is used by over 40000+ traders.

Visit Forex.com Try a Demo Read review

69% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) 

OctaFX

★★★★☆ (4/5)

Min deposit : 5
OctaFX offers Forex
OctaFX was established in 2011 and is used by over 30000+ traders.

Visit OctaFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

NordFX

★★★★☆ (4/5)

Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.

Visit NordFX Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

FXPro

★★★★☆ (4/5)

Min deposit : 100
FXPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies
FXPro was established in 2006 and is used by over 10000+ traders.

Visit FXPro Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) 

Admiral

★★★★☆ (4/5)

Min deposit : 200
Admiral Markets offers Forex, CFDs
Admiral Markets was established in 2001 and is used by over 10000+ traders.

Visit Admiral Markets Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

Axitrader

★★★★☆ (4/5)

Min deposit : 0
Axitrader offers Forex, CFDs, Social Trading
Axitrader was established in 2007 and is used by over 10000+ traders.

Visit Axitrader Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)

SpreadEx

★★★★☆ (4/5)

Min deposit : 1
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 10000+ traders.

Visit SpreadEx Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Swissquote

★★★★☆ (4/5)

Min deposit : 1000
Swissquote offers Forex, Social Trading
Swissquote was established in 1999 and is used by over 300000+ traders.

Visit Swissquote Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

ForTrade

★★★☆☆ (3/5)

Min deposit : 1
ForTrade offers Forex, CFDs
ForTrade was established in 1992 and is used by over 10000+ traders.

Visit ForTrade Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Binary, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

Eightcap

★★★★☆ (4/5)

Min deposit : 100
Eightcap offers Forex, CFDs
Eightcap was established in 2015 and is used by over 10000+ traders.

Visit Eightcap Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Australian Securities and Investment Commission (ASIC)

★★★☆☆ (3/5)

Min deposit : 10000
Interactive Brokers offers Forex
Interactive Brokers was established in 1977 and is used by over 10000+ traders.

Visit Interactive Brokers Try a Demo Read review

Losses can exceed deposits

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

Web Trader, NinjaTrader, Tablet & Mobile apps

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Financial Conduct Authority (FCA)

oinvest

★★★☆☆ (3/5)

Min deposit : 200
Oinvest offers Forex trading, Spread Betting, Share Dealing
Oinvest was established in 2019 and is used by over 10000+ traders.

Visit Oinvest Try a Demo Read review

Your capital is at risk

Funding methods

Bank transfer
Credit Card
Paypal

Platforms

MT4,iOS,MacBook,iPhone

Spread type

fixed spreads
variable spreads

Customer support

Live chat
Phone support
Email support

Micro account Standard account Islamic account VIP account

Regulated by Southern African Financial Sector Conduct Authority (FSCA)

Top New Zealand Brokers for 2020 Review by Andrew Blumer last updated on April 05, 2020

Trading Platforms and Brokers in New Zealand Table of Contents

Financial Markets in New Zealand
Online Trading in New Zealand
Forex Trading in New Zealand
Is Forex Trading Legal in New Zealand
Do Forex Traders Pay Tax in New Zealand
Cryptocurrencies in New Zealand
Commodity Trading in New Zealand
Islamic Accounts in New Zealand
Benefits of Trading in New Zealand
Concerns of Trading in New Zealand
Trading Platforms and Brokers in New Zealand Explained
6 Factors to Consider when Choosing Trading Platforms and Brokers in New Zealand

Are Your Trading Platforms and Brokers in New Zealand Trusted And Established?
Are The Trading Platforms and Brokers in New Zealand World Leading?
What are the Trading Platforms and Brokers in New Zealand Commissions and Fees?
What are the Trading Platforms and Brokers in New Zealand Funding and Withdrawl Methods?
Find Trading Platforms and Brokers in New Zealand with Round-the-clock support?
Make sure the Trading Platforms and Brokers in New Zealand Offer Comprehensive Trader resources?
Why do Trading Platforms and Brokers in New Zealand need to be regulated?

Trading Platforms and Brokers in New Zealand FAQ

What are the best New zealand brokers?
What is the best New zealand broker?
Is Forex Trading Legal in New Zealand?
Do Forex Traders Pay Tax in New Zealand?
How do you trade Forex or CFDs in New Zealand?

Related Trading Platforms and Brokers in New Zealand Reviews
Related Trading Platforms and Brokers in New Zealand Alternatives
Related Trading Platforms and Brokers in New Zealand Comparisons

Trading Platforms and Brokers in New Zealand Explained

Trading the financial markets with Trading Platforms and Brokers in New Zealand when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Trading Platforms and Brokers in New Zealand is the platform that a Trading Platforms and Brokers in New Zealand offer.

Choose Trading Platforms and Brokers in New Zealand that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Trading Platforms and Brokers in New Zealand that you can rely on.

6 Factors to Consider when Choosing Trading Platforms and Brokers in New Zealand

Follow these five rules for selecting a broker that's right for you:

Are Your Trading Platforms and Brokers in New Zealand Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Trading Platforms and in New Zealand broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is XTB.

XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	XTB	IC Markets	Trading212
Year Established	2006	2002	2007	2006
Head Office	Cyprus, UK	Poland	Australia	UK
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By	12,000,000+	250,000+	60,000+	14,000,000+
Negative balance protection	No	Yes	Yes	Yes
Guaranteed Stop Loss	No	Yes	No	Yes
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Trading 212
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Are The Trading Platforms and Brokers in New Zealand World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Trading Platforms and Brokers in New Zealand is XTB . XTB Segregates clients funds and offers over 1,500 instruments.

Broker	eToro	XTB	IC Markets	Trading212
Instruments Available	100	1,500	232	3000
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US	US
Forex pairs offered	50	50	65	177
Forex pairs offered	50	50	65	177
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	Yes
Commodities Offered	0	21	19	14
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	Yes
Stocks Offered	957	1696	100	1731
UK Shares	Yes	Yes	No	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the Trading Platforms and Brokers in New Zealand Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Trading Platforms and in New Zealand broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another top rated Trading Platforms and in New Zealand broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Broker	eToro	XTB	IC Markets	Trading212
Min Deposit	200	0	200	1
Withdrawl Fees	Yes	varies	No	No
Inactivity Fees	Yes	No	No	No
Deposit Fees	No	No	Varies	No
CFD Commission Fees	No	Yes	Yes	No

What are the Trading Platforms and Brokers in New Zealand Funding and Withdrawal Methods?

When dealing with Trading Platforms and Brokers in New Zealand having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	XTB	IC Markets	Trading212
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes		No
Neteller	Yes	Yes	Yes	No

Find Trading Platforms and Brokers in New Zealand with Round-the-clock support?

Customer service is very important when dealing with Trading Platforms and Brokers in New Zealand.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Trading Platforms and Brokers in New Zealand customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, and Italian

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	XTB	IC Markets	Trading212
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More	Visit eToro	Visit XTB	Visit IC Markets	Visit Trading 212
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Make sure the Trading Platforms and Brokers in New Zealand Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do Trading Platforms and Brokers in New Zealand need to be regulated?

A regulated Trading Platforms and in New Zealand broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Trading Platforms and in New Zealand brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Trading Platforms and Brokers in New Zealand FAQ

What are the best New zealand brokers?

The best New zealand brokers that are regulated are

What is the best New zealand broker?

The best New zealand broker is eToro. We consider eToro one of the best New zealand brokers because eToro is actively used by over 12000000 active traders. eToro ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro were founded in 2006 and have a headquarters in Cyprus, UK. You can open a live trading account with eToro with as little as a 200 min deposit.

Is Forex Trading Legal in New Zealand?

Their is a misconception that trading Forex on the financial market in New Zealand is considered unsafe. This is not the case, Forex trading in New Zealand is very active. Trading in Forex is allowed in New Zealand as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. New Zealand Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in New Zealand?

Once a traders profits reach a level where the trading income can be taxed in New Zealand, the trader should make sure all taxes owed for a financial year are paid. New Zealand taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper New Zealand government agency. You should seek advice with a New Zealand tax professional to ensure they are abiding by all proper tax laws in New Zealand.

How do you trade Forex or CFDs in New Zealand?

If you are looking to trade Forex or CFDs on the financial markets in New Zealand you will need to find a reputable broker that is regulated. The best online broker for Forex or CFD trading in New Zealand is eToro. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and offers CFDs, Social Trading trading. You can open a live account with a min deposit of 200.

Trading Platforms and Brokers in New Zealand Guide

New Zealand Financial Markets

New Zealand Brokers

New Zealand Trading Types

New Zealand Forex

New Zealand CFD

New Zealand Demo Account

New Zealand Trading Opportunities

New Zealand Trading Challenges

Trading with New Zealand Brokers Verdict

Trading in New Zealand

Forex Trading in New Zealand

Is Forex Trading Legal in New Zealand?

Do Forex Traders Pay Tax in New Zealand?

Cryptocurrencies in New Zealand

Commodity Trading in New Zealand

Islamic Accounts in New Zealand

Benefits of Trading in New Zealand

Concerns of Trading in New Zealand

Reputable Trading Platforms and Brokers in New Zealand Checklist

Our brokerage comparison table below allows you to compare the below features for brokers offering New Zealand Brokers.

Top 15 New Zealand Brokers of 2020 compared

All New zealand brokers in more detail

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