The Best Stock and Forex Brokers in New Zealand

This is the ultimate guide to the best stock and forex brokers in New Zealand. We have reviewed all the top online brokers in the country and handpicked the best of the best.

As always, our reviews are unbiased and only based on which broker provides the best services and overall product. So, if you’re into forex NZ or are looking for a top broker, we can point you in the right direction.

Here Are the Best Forex Brokers in New Zealand

There are currently a large number of online forex brokers in New Zealand but we think that only three of them are good enough to be considered the absolute top.

The following three forex brokers in NZ all offer a service that’s unique to its brand but that is also user-friendly and efficient to use. Naturally, the top NZ forex brokers are all licensed and safe, otherwise, we wouldn’t recommend them.

1. Plus500 – Fantastic Platform

For the longest time, Plus500 has been a personal favorite CFD broker of us and thousands of traders all over the world, and New Zealand is not an exception.

They have a comprehensive selection of currency pairs covering everything from majors and minors – including NZD – to smaller exotic pairs.

However, the reason why Plus500 has become one of the top* CFD forex brokers in New Zealand and the rest of the world is its platform.

Better yet, besides being available as a webtrader and for iOS and Android (like most brokers), Plus500’s platform has support for Windows 10 as well as Windows Smartphones.

• Platform: Plus500
• Trading App: Yes
• License: FMA in New Zealand FSP #486026
• Demo Account: Yes

Check Out Or Complete Plus500 Review

*Investment Trends 2022

Find the best trading platform. You capital is at risk when trading. Be careful.

2. IG Markets – UK’s Biggest Broker in NZ

IG Markets is widely-known as one of the best and most well-established online brokers in the world.

The broker is based in the UK but have a strong presence in New Zealand as well as in Australia. The broker is operated by IG Group which is a financial company with a history that spans back to the 1970s, making IG Markets one of the most experienced brokers in the industry.

IG is has a selection of currency pairs that include close to any currency you could think of and they not only one but several platforms to choose from. Most forex traders that use IG rely on the MetaTrader 4 platform but you have the option of using more advanced platforms as well.

If you prefer a broker that has been around for decades and that is constantly winning awards for its excellence, then IG Markets should be your go-to pick. Similar to Plus500, IG Markets has a demo account in case you don’t trust our judgement and want to test the broker out before depositing money.

• Platform: MetaTrader 4 + and Advanced Platform
• Trading App: Yes
• Fully Licensed
• Demo Account: Yes

Learn More in Our Review of IG Markets

Find the best trading platform. You capital is at risk when trading. Be careful.

3. CMC Markets – A Major Online Broker in NZ

No other broker is as well-established on the New Zealand market as CMC Markets. And even though their main product for many years has been stock and CFD trading, their forex trading platform is easily one of the best in the country.

As soon as you open the CMC Markets website, you’ll realize how unique and groundbreaking this broker is. Everything from the site and trading guides to the platform and graphs have a modern and highly-professional atmosphere.

Add to that a great and varied selection of currency pairs from all over the world, and you have an NZ CFD forex broker that very few brokers could even dream of competing with.

Even though CMC Markets is based in the UK, the owners have made a huge effort to establish themselves in Oceania, and it’s working. Today, this broker is not only one of the best in NZ but also in Australia.

• Platform: MetaTrader 4 + Next Generation
• Trading App: Yes
• Fully Licensed
• Demo Account: Yes

See Our CMC Markets Review for More Information

Find the best trading platform. You capital is at risk when trading. Be careful.

Here Are the Best Stockbrokers in New Zealand

We have tested and reviewed all the brokers in New Zealand that offer derivatives on stocks and other exchange-traded funds. Our team of experts spent countless hours reviewing CFD stockbrokers in NZ and, in the end, only four were considered good enough to deserve a recommendation.

Keep in mind that these are online share brokers that offer derivatives and that they are not necessarily the best brokers for long-term investments.

1. Plus500 – Quality CFD Trading Platform in New Zealand

Plus500 might not have as many company stocks listed as IG or CMC but, once again, it’s the Plus500 platform that earns them a spot on this list. Share trading in NZ doesn’t get more accessible and easy to understand than with this platform.

Personally, we appreciate how well organized Plus500’s selection of stocks is with categories based on countries, regions, and even products such as Cannabis stocks.

Also, since Plus500 is available on Android, iOS, and Windows Smartphones, they undoubtedly, have the most mobile-friendly stock trading platform in New Zealand. In turn, that means you can keep an eye on all your open positions and ensure you never lose out on another opportunity again even when you’re no in front of your computer.

• Platform: Plus500
• Trading App: Yes
• License: FMA (FSP #486026) 
• Demo Account: Yes

More Information in this Plus500 Review

Find the best trading platform. You capital is at risk when trading. Be careful.

2. CMC Markets – The Best Overall CFD Share Broker in NZ

CMC Markets has well over 9,000 stocks from all over the world and over 1,000 ETFs available on thei platform. As mentioned earlier, NZ is one of CMC Markets’ main markets and that is especially true when it comes to online share trading in New Zealand.

The benefits of trading shares as CFDs are many but CMC’s main leverage is the Next Generation trading platform. It features all the tools, indicators, and graphs you need to analyze market movements and it’s available online without the need to download software. Unless you’re using a smartphone and want to trade shares one an award-winning trading platform.

In addition, CMC Markets offers the MT4 platform (mainly for forex) fair spreads and fees and one of the best customer services we’ve ever been in contact with.

• Platform: MetaTrader 4 + Next Generation
• Trading App: Yes
• Fully Licensed
• Demo Account: Yes

Read More in This CMC Markets Review

Find the best trading platform. You capital is at risk when trading. Be careful.

3. IG Markets – CFD Stock Trading and Spread Betting in NZ

In June 2019, IG Markets became the biggest CFD broker in the world based on yearly turnover (excluding forex trading) and most of that trading is share trading. And there is a good reason as to why they are so big.

You see, not only is IG Markets one of the oldest online brokers in the world, but the brand represents excellence in so many ways.

When trading share in New Zealand with IG Markets, you’ll have the option of choosing between several great platforms such as MT4 and the Advanced L2 platform. However, the most impressing part is that IG has over 12,000 international stocks on offer.

Add to that all the educational material you could ever wish for, a unlimited demo account, indicators, graphs, drawing tools and everything else you need to dominate the stock market, and it should become clear why we consider IG one of the best share brokers in NZ.

• Platform: MetaTrader 4 + and Advanced Platform
• Trading App: Yes
• Fully Licensed
• Demo Account: Yes

Check Out this IG Markets Guide for More Info

Find the best trading platform. You capital is at risk when trading. Be careful.

The Best Online Trading Platform in New Zealand

To make your decision about which broker you want to use even easier, we asked our team to compare all the top brokers with the goal of picking the best trading platform of all.

Naturally, this platform is better than all other platforms on the market. The broker itself features a huge range of different assets, prioritizes safety, and have fair fees and spread on all positions.

CMC Markets – The Best Online Broker in New Zealand

CMC Market is the best and most well-established broker in New Zealand, there is no question about that. They have been active in the country for a very long time and are considered a major part of the trading industry in NZ.

Besides offering amazing trading platforms with all the graphs and indicators you need for desktop and mobile devices, they are known to be very fair. Add to that, a massive selection of well over 10,000 tradable assets ranging from currency pairs and shares to commodities and indices, and you the result is clear.

In fact, when comparing the top brokers in NZ, our entire team quickly agreed that CMC Market is, indeed, the best broker of all.

Find the best trading platform. You capital is at risk when trading. Be careful.

The Best Mobile Trading Platform in New Zealand

In addition to comparing all the top trading platforms, we also asked our team to compare the best mobile trading apps in New Zealand. Besides looking at the overall product, the selection of assets, fees, and user-friendliness, we wanted to figure out which broker took mobile trading to the next level.

Once again, the decision wasn’t very hard to make and everyone working on this guide agreed that one broker excels at mobile trading.

Plus500 – Great NZ Trading App

*Illustrative prices

As the only broker in NZ to offer a trading app for Android, iOS, and Windows Phones, Plus500 outranks all the other brokers. Not only that, but the Plus500 app is so well-designed that it works many times better than most other trading apps we’ve ever tried.

Better yet, the app is continuously updated and optimized, meaning it only gets better and better.

However, what stands out with Plus500’s mobile platform is how similar it is to the regular trading platform. Due to certain limitations in the mobile devices such as memory and screen size, trading apps are not as comprehensive as their desktop counterparts. That is industry standard and, as mentioned, it’s because of the mobile devices themselves and not the brokers.

Yet, Plus500 has managed to push their mobile software further than any other broker operating in New Zealand and that is why we are confident that it’s the best mobile platform in the country.

Find the best trading platform. You capital is at risk when trading. Be careful.

Forex Trading in New Zealand

The forex market is alive and well in New Zealand and several brokers are operating under strict regulation in the industry. As always, you should not trade using an unregulated broker because it is unsafe for you and illegal for them to offer forex trading in NZ.

In NZ, the rules require brokers to be registered financial service provider (FSP) and in order to sell short-term derivatives that can be closed within three days (CFDs, spread betting, etc.), a broker has to be licensed by the Financial Markets Authority (FMA).

Moreover, all the top forex brokers in New Zealand are also licensed by the Australian Securities and Investment Commission (ASIC) as well as several regulatory bodies in Europe.

Forex trading in New Zealand is also exciting because all the brokers we’ve recommended support deposits in NZD and they all have NZD listed in currency pairs with USD, GBP, EUR, etc.

Stock Trading in New Zealand

As you probably know, New Zealand has a stock exchange based in Wellington and several of the top brokers recommended above offer trading on stocks listed there. However, similar to most regions, the most exciting shares to trade in NZ are international shares listed on big exchanges in the U.S., Europe, and Asia.

Just keep in mind that the share brokers listed on this page are all online brokers that deal with derivatives. That means they let you speculate on the prices but can’t be used to buy the actual company stocks. Furthermore, all brokers offering this type of trading has to be licensed by the FMA so make sure you’re only using licensed brokers.

How We Did These Tests

The tests and evaluations for this guide were conducted by a team of trading and investment experts with many years of experience from the industry. Together, they spent many hours researching all the brokers, their licenses, platforms, and selection of assets, while also comparing that to the rest of the world.

The team also spent countless hours trading with each of the brokers to ensure that they are actually the best of the best.

Our aim with these guides is to educate our readers about online trading in NZ and to make it easier for people to find reliable brokers to use for forex and share trading. That is why all our reviews and recommendations are completely unbiased and honest, ie. all the brokers listed belong to the absolute top-shelf of brokers.

More Broker Guides

We have conducted the same test and created similar guides to many other regions in the world including Australia, the UK, and the U.S. You can see some of the top guides below.

• Best Trading Platforms and Brokers in Australia
• Best Forex and Stockbrokers in the USA
• Best Trading Apps in the UK
• Best Forex and Stockbrokers in Singapore
• Best Forex and Stockbrokers in Dubai