We found 11 online brokers that are appropriate for Trading New Zealand Dollar Investment Platforms.
With the country recovering from the global pandemic crisis, the New Zealand dollar is predicted to strengthen against the USD this year. Whether or not the prediction would be accurate, banks have confidence in it. Even though New Zealand has opened the door for exports that would boost the country's economic growth, the neighbouring countries aren't likely to open up their borders for commodity imports. COVID-19 remains the context of any developments.
As you might have known, New Zealand's economics has a strong dependence on their tourism sector that's more than 50% of its total exports. At this point, predicted NZD improvements this year might go wrong if the easing becomes tightened or turns into stagnation. It means that the NZD can weaken anytime this year with uncertainties and risks surrounding the COVID-19 outbreak. It seems that the country will remain in a struggle this year. The good news for New Zealand is that the NZD would likely obtain some level of support as the USD would likely remain weak this year.
COVID-19 is the very context of the currency markets for sure. It's simply because the global outbreak drives uncertainties that would impact currencies differently. Generally speaking, it would drive exchange rate uptrends on currencies with safe-haven statuses like the CHF, JPY, and USD but would cause the falls of currencies like the NZD, CAD, ZAR, and AUD. The proposition was quite correct until now, where the USD is weakening. The struggling NZD gets some lifts. As a commodity currency, the NZD would likely obtain some support when the USD falls. At this very moment, we can see that the reverse of the proposition is just right.
However, with elaborating circumstances and a sustained COVID-19 outbreak, will the NZD strengthen this year? As previously mentioned, the global pandemic has driven volatility in the currency markets. Whether or not the NZD would strengthen, COVID-19 developments would still take a determinant role in 2021.
Most banks predict that the NZD would remain at current development but may go slowly higher by the end of 2021. There are more reasons that the NZD would likely be weakening rather than strengthening this year. The NZD may go lower than anyone or any current prediction expected.
COVID-19 strongly impacted the country's economy. The continuous stagnant tourism growth and exports would likely weaken the NZD. The economic growth of China is slower than anyone expected, and that decreases New Zealand's import demand in trade with China.
On the other hand, as the country's economy maintains a low growth, New Zealand's reserve bank cut interest rates to attract investors but would drive the NZD devaluation. Neighbouring or other countries also experience slow economic growth. Interest rate cuts would be pretty much everywhere following the inflation worldwide. At this point, countries with commodity currencies like New Zealand also do the same thing: cutting the interest rate as they sustain inflation.
Even when the COVID-19 outbreak can be controlled, the NZD would be weakening for basic reasons. It's simply because the US federal reserve would undoubtedly increase the interest rate to lift the USD. As the USD strengthens, it would put pressure on the NZD.
Generally speaking, New Zealanders living abroad would consider a weaker NZD as bad news. As they're still earning in NZD, the weaker currency would reduce their purchasing power and let them deal with higher living costs as they exchange NZD to USD or the national currency of where they're currently living. At this point, these people would have to tighten their belts and be considerate when transferring and exchanging their NZD money.
However, the weaker NZD would be good news for exports, especially for tourism sectors. Foreigners would book to travel to the country for vacations and honeymoons. However, this gain would be halted if the travel from and to New Zealand are still limited.
NZD exchange rate is strongly determined by several factors, including economic, political scene, and other currencies' performance. As the COVID-19 pandemic has placed tremendous pressure on the country's economy, slow economic growth can lead to a weaker currency. It's even worsened by the slow growth in the global economy that further hit New Zealand's economy. Investors would also make decisions on whether they sell or buy the NZD based on the country's political scene.
Last but not least, other currencies' performance determines whether the NZD would weaken or strengthen. As we've seen above, the weaker USD would drive support to the NZD that makes it stronger. Conversely, the NZD would likely be more fragile as the USD is strengthening.
We have conducted extensive research and analysis on over multiple data points on Weak New Zealand Dollar to present you with a comprehensive guide that can help you find the most suitable Weak New Zealand Dollar. Below we shortlist what we think are the best New Zealand Dollar Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Weak New Zealand Dollar.
Selecting a reliable and reputable online New Zealand Dollar Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade New Zealand Dollar Investment Platforms more confidently.
Selecting the right online New Zealand Dollar Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for New Zealand Dollar Investment Platforms trading, it's essential to compare the different options available to you. Our New Zealand Dollar Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a New Zealand Dollar Investment Platforms broker that best suits your needs and preferences for New Zealand Dollar Investment Platforms. Our New Zealand Dollar Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top New Zealand Dollar Investment Platforms.
Compare New Zealand Dollar Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a New Zealand Dollar Investment Platforms broker, it's crucial to compare several factors to choose the right one for your New Zealand Dollar Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are New Zealand Dollar Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more New Zealand Dollar Investment Platforms that accept New Zealand Dollar Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare New Zealand Dollar Investment Platforms 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 Dollar Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top New Zealand Dollar Investment Platforms below.
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