We found 11 online brokers that are appropriate for Trading New Zealand.
All public debt in New Zealand is counted in the national debt figure of the country, and all money owned by the government is also included. It can be any level of government, excluding the debts of state-owned enterprises. Such debts are not obligatory to the future state and Civil Service pensions. What's more, the debts do not include the risk of guarantees given to bank depositors.
According to the International Monetary Fund (IMF), the New Zealand gross national debt, with respect to the country's GDP in 2017, was 26.428 percent. If considered on the global platform, this debt ratio is the lowest in the world.
The IMF further adds in the 'New Zealand Debt Clock', that the country's net debt-to-GDP ratio is even lower than the aforementioned figure. All in all, it was at 4.649 percent.
The government of New Zealand is solely responsible for the management of the country's debt. The Treasury is headed by the Minister of Finance in the government cabinet; and it is the responsibility of the department to manage all financial aspects that are needed to run the country. It also looks into raising public debt.
In recent years, the New Zealand Parliament tasked the government to lower the national debt to 20 percent with respect to the GDP by 2021. If the goal is framed accordingly, aiming towards net debt, this will have been achieved by the close of 2021 two months from this writing. However, the government still needs to achieve the goal with respect to gross public debt.
There is a department in the Treasury named, 'New Zealand Debt Management Office', which is tasked with raising the debt. Each year, the department is given a limit on how much debt can be raised. A recent chart from NZDMO reveals that New Zealand usually undershoots the target.
It is here to be understood that the country's central bank, or the so-called 'Reserve Bank of New Zealand', is not involved in any way in running the country's debt. However, it looks after the money supply. This is directly reciprocated with the national debt raised.
Four types of securities are issued by the New Zealand Debt Management Office:
The Treasury Bills, Benchmark Bonds and Inflation-Linked Bonds are commercial investments. The fourth category is dubbed, 'Kiwi Bonds'. These are more similar to deposits, and are not in the format of a bond.
The government issues commercial securities in two formats. These are short-term instruments and long-term instruments. Short-term carries a period of less than a year-- somewhere around 3-months, 6-months, and 1 day less than a year. Long-term is offered for more than one year.
Treasury bills do not benefit with respect to interest; but these are sold at a discount, and thereafter, can be redeemed at face value upon maturity.
The long-term instruments are named, 'inflation-indexed bonds' and 'nominal bonds'. Benchmark bonds cover these.
Nominal bonds come with a face value, and are repaid on the maturity date. The minimum duration for maturity is one year. Holders get annual interest, which is fixed each year. The interest is paid once every six months.
Holders of inflation-indexed bonds are also entitled to get a fixed interest each year. This interest is paid quarterly. But with inflation, the face value increases; which, in turn, means the interest received increases.
The government has never defaulted on debt. As a result, the country's long-term credit rating has always been good.
The initial sale of bonds is called, 'primary market' or 'primary issuance'. The Treasury Bills, IIBs and nominal bond sales are auctioned. Not everyone can bid though. The primary sales are limited to authorized dealers only. Others can buy from secondary markets, and the Reserve Bank of New Zealand oversees the sales.
Below are the percentage holdings:
New Zealand is one of the best destinations for investors who are interested in debt bonds. No other countries can compare. The government has a proper mechanism of raising the debt each year, and it is based on several important factors, including inflation.
We've collected thousands of datapoints and written a guide to help you find the best New Zealand Debt Clock 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 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online New Zealand trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top New Zealand.
Compare New Zealand min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are New Zealand. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more New Zealand that accept New Zealand clients
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eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with spreadex |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 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. | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare New Zealand ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top New Zealand for 2021 article further below. You can see it now by clicking here
We have listed top New Zealand below.