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The Ultimate Guide to

Choosing a Broker
For New Zealand

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:


Part 1

Why Choose
For New Zealand?

scored best in our review of the top brokers for new zealand, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages

offers one way to trade. If you wanted to trade NZDUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being segregating client funds, being established for over

Trust Score comparison

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you’ll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn’t available in the following countries: . They do not offer islamic accounts .

Part 3

A Comparison of vs. vs.

Want to see how stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Base currency options
Funding options
Micro account
ECN account

Part 4


Plus500 are a leading provider of contracts for difference (CFDs), operating on a global scale. Plus500AU Pty Ltd, a subsidiary of Plus500, is an Australian based company with its head offices located in Sydney. The company is authorised and regulated by the New Zealand regulatory body, the Financial Markets Authority (FMA), to offer CFDs to traders in New Zealand.

Plus500 are a major online broker in New Zealand, with a current portfolio of more than 2000 financial instruments. The company’s platform offers a diverse array of markets including Forex, commodities, cryptocurrencies, stocks, shares, and indices. Many of the most popular stocks and markets in New Zealand are available on the company’s platform, including SeaDrill, Arista Network, Huhtamaki, and many others.

The Plus500 platform is available in 32 different languages, and the dedicated New Zealand website is in English, offering access to a wealth of information. A free demo account is available for traders to assess the platform before opening a live account.

Plus500 is one of the major partners of the “Plus500 Brumbies” 2016 Super Rugby Australian Conference Champions.


IG are amongst the top CFD and Forex providers in New Zealand, and throughout the rest of the world. With 14 offices across 5 continents, IG holds a strong global presence. It is licensed and regulated by the Australian Securities and Investment Commission (ASIC), as well as the New Zealand Financial Markets Authority (FMA), to provide derivatives.

IG’s platform offers access to over 15,000 financial instruments and a variety of markets such as shares, stocks, indices, and commodities. Some of the most popular markets in New Zealand are offered through the IG platform, including Australia 200, China 300, Wall Street, and many more.

The company’s website provides free educational material and webinars to help clients improve their trading skills. IG offers a free app that can be downloaded onto mobile devices for clients to keep track of and update their trades on the go. A demo account with $20,000 virtual funds is also available so traders can become accustomed to using the platform before opening a live trading account. The base currency on both the demo and the live accounts can be set to NZD.

CMC Markets

CMC Markets are an award-winning online broker and one of the world’s leading CFD providers. Subsidiary company, CMC Markets NZ Ltd., are licensed by New Zealand regulators, the Financial Markets Authority (FMA), for providing derivatives to traders based in New Zealand.

CMC markets offer a rich trading platform, with a portfolio of over 10,000 financial instruments. There are numerous markets available to trade in, such as Forex, indices, commodities, shares, and treasuries. The company’s platform offers some of the top trending markets in New Zealand, including the US 30, Germany 30, Gold, and many others.

The company’s website is loaded with extensive educational resources such as introductory guides, webinars and events, platform guides, and CFD/Forex trading guides. Clients have the option to start with a demo account with $10,000 of virtual currency.

A live account can be funded using a credit/debit card, or by transferring funds through a bank. A fee of 2.3% is levied on payments made with credit cards.

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