Best Trading Platform in New Zealand

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In this guide, we go over the best trading platforms in New Zealand. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.

Trading platforms that reached the highest scoring are considered in the following list:

Top 5 Trading Platforms in New Zealand

  1. Saxo Bank Best trading platform
  2. Interactive Brokers – Great Overall Pick
  3. Tastyworks – Industry low trading fees
  4. CMC Markets – Award winning trading experience
  5. OandA – Low risk CFD and forex broker

Best Online Trading Platforms New Zealand

#1Saxo Bank4.9Best trading platform$10.000
#2Interactive Brokers4.9Great Overall Pick$0
#3Tastyworks4.6Industry low trading fees$0
#4CMC Markets5Award winning trading experience$0
#5OandA4Low risk CFD and forex broker$0

Below section breaks down the best trading platforms in New Zealand beginning with the highest rated…

01. Saxo Bank: Best Platform Overall


Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

02. Interactive Brokers: Great Overall Pick


Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

03. Tastyworks: Industry low trading fees


Tastyworks is a reputable options broker, known for its sophisticated trading platform, great selection of derivatives and industry low trading fees. Their unique set of trading tools, excellent charting apps and the Tastytrade content network make it a great fit for experienced and active day traders focusing on futures and options. Although Tastyworks offer great educational materials and research tools, we do not recommend this broker to beginners. 

The minimum deposit at Tastyworks is $0. Customer support is responsive and well educated.

04. CMC Markets: Award winning trading experience


CMC Markets is a reputable online broker known for its award winning trading experience, excellent selection of tradable instruments and industry leading pricing. With over 12.500 tradable instruments across all asset classes, CMC is among industry leaders in market coverage. 

Their proprietary trading platform called Next Generation is reliable, fast executing and fully packed with useful trading tools and indicators. It features an impressive education and research section full of quality in-house and third party content. 

CMC Market offers the lowest commissions and fees in the industry. Low spread fees (0.73 pip on EUR/USD) are available for traders at all levels and accounts. Additional bonuses and rebates for active traders makes CMC Markets a market leader in costs and fees.

05. OandA: Low risk CFD and forex broker


OandA is a low risk CFD and forex broker with an extensive market research section, daily market updates and social trading features. Authorized by 6 tier one regulators, it is considered low risk for traders all across the globe. Their trading platform is intuitive, automate-executing and offers multiple features for algorithmic and social trading. Mobile trading is available through fxTrade on industry leading research and charting tools.

For a low cost broker, their fees and commissions are above industry average across all accounts (core and default).

How To Pick The Right Platform?

The main criteria to consider when choosing a trading platform in New Zealand include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with New Zealand brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.

Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.

Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.

Assets: Look for coverage of preferred assets. New Zealand traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.

Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.

Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.

Customer support: Beginner traders should look out for responsive and professional customer support available in their language.

*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.

Online Trading In New Zealand

Online trading in New Zealand is available at the New Zealand Exchange (NZX). On the NZX, people can trade or invest in stocks of New Zealand-based companies. If residents of New Zealand want to invest in international stocks, commodities, ETFs, cryptocurrencies, or other financial instruments they will have to use an internationally operating broker that accepts traders from New Zealand. All brokers and exchanges mentioned in this guide accept traders and investors from New Zealand.

Online Trading Regulation

The financial markets in New Zealand are regulated by both the Financial Markets Authority (FMA) and the New Zealand Exchange (NZX). All companies based in New Zealand that want to offer trading and investment services to residents of the country have to apply for a license with the FMA. Brokers based abroad that want to market their products and services to New Zealand residents don’t need such a license. In most cases, these brokers have an ASIC license in place, which is issued by the neighboring countries’ Australian Securities and Investments Commission.

The Inland Revenue Department (IRD) allows cryptocurrency trading and treats it as a form of property just like gold.

Licence Verification

You can verify the validity of New Zealand-based brokerage firms by going to the official website of the FMA and check the list of licensed and reporting entities. This list contains all of the licensed companies and also shows all company information. If the New Zealand-based broker you are trading with is not on this list, it doesn’t have a valid license. Cryptocurrency exchanges need to have a valid license in order to operate in New Zealand. If a broker, trading platform, or cryptocurrency exchange is based abroad, you can check their license by going to the official websites of the ASIC, CySEC, BaFIN, and FCA and doing the same.


Based on our review, we consider Saxo Bank as the best trading platform for New Zealand residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.

Interactive Brokers is the second best trading platform for New Zealand residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Tastyworks, CMC Markets, and OandA are finishing up our list of top platforms with a great overall offer and above average ratings.


Are There Commission-Free Trading Platforms In New Zealand?

Yes, there are trading platforms available in New Zealand that offer 0% commission trading like eToro.

How Much Should I Invest When Trading Online in New Zealand?

You should always invest at least the minimum deposit amount New Zealand and international brokers require you to open an account. In most cases, this is about $50.

Is Crypto Trading Available In New Zealand?

Yes, crypto trading is available to New Zealand citizens. The leading trading platforms offer Bitcoin trading via CFDs.

How To Check If A Trading Platform Has a Valid License?

You can check if a broker or trading platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For New Zealand-based brokers, you can check the website of the Financial Markets Authority of New Zealand instead.

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


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