Stock trading in New Zealand has seen remarkable growth as more individuals recognize its potential for wealth creation. This surge in interest highlights the necessity of selecting the best stock brokers in New Zealand to ensure a seamless and reliable trading experience in 2025. With numerous options available, choosing the right broker becomes pivotal for both experienced traders and newcomers.
Key factors for evaluating brokers include low trading fees, robust trading platforms, adherence to Financial Markets Authority regulations, and features like advanced charting tools and educational resources. These criteria ensure access to global markets, managed funds, and a diverse range of assets, enabling informed trading decisions for retail investors aiming to excel in the stock market and beyond.
The 5 Best Stock Brokers in New Zealand in 2025
#1. eToro
What is eToro?
eToro is a multi-asset trading platform that allows users to invest in stocks, cryptocurrencies, and more. It is known for its social trading feature, enabling users to copy the trades of successful investors. The platform is user-friendly and caters to beginners and experienced traders.
Advantages and Disadvantages of eToro
Advantages
DisadvantageseToro Commissions and Fees
eToro operates with zero commission on stock trading, making it attractive to budget-conscious investors. However, it charges spreads on trades, which can be higher compared to other platforms. There are fees for withdrawals and inactivity, adding to the overall costs. Users should carefully review the fee structure to understand its impact on their investments.
OPEN AN ACCOUNT NOW WITH ETORO AND GET YOUR WELCOME BONUS
#2. IG Markets
What is IG Markets?
IG Markets is a globally recognized broker specializing in CFDs and forex trading. It offers access to a broad range of financial markets, including stocks, indices, and commodities. Known for its user-friendly platform and robust tools, IG Markets caters to both beginner and advanced traders. The broker is also regulated by top-tier authorities, ensuring high standards of safety and transparency.
Advantages and Disadvantages of IG Markets
IG Markets Commissions and Fees
IG Markets charges competitive spreads, which start as low as 0.6 pips for forex trading. While most trades are commission-free, specialized products like share CFDs may incur fees. The platform applies inactivity fees after two years without trading, which some users may find restrictive. Overall, costs remain transparent and suitable for frequent traders.
OPEN AN ACCOUNT NOW WITH IG MARKETS AND GET YOUR WELCOME BONUS
#3. Plus500
What is Plus500?
Plus500 is a widely recognized online trading platform offering access to CFDs across various asset classes, including forex, stocks, commodities, and cryptocurrencies. It is known for its user-friendly interface, making it suitable for both beginners and experienced traders. Plus500 also provides advanced trading tools, ensuring flexibility and convenience in managing trades.
Advantages and Disadvantages of Plus500
Plus500 Commissions and Fees
Plus500 primarily earns through tight spreads, making it a cost-efficient platform for frequent traders. It does not charge commissions on trades, simplifying the fee structure for users. However, additional costs like inactivity fees and overnight funding charges apply. These fees should be carefully considered to avoid unexpected expenses.
OPEN AN ACCOUNT NOW WITH PLUS500 AND GET YOUR WELCOME BONUS
#4. ASB Securities
What is ASB Securities?
ASB Securities is a New Zealand-based online trading platform offering access to stocks, bonds, and ETFs. It is operated by ASB Bank and caters primarily to retail investors seeking a straightforward interface for investing. The platform is known for its user-friendly tools and integration with ASB Bank accounts, making it convenient for existing customers.
Advantages and Disadvantages of ASB Securities
ASB Securities Commissions and Fees
ASB Securities charges competitive fees for its services, with rates starting at $15 for online trades under $1,000. The fee structure increases with trade value, making it cost-effective for frequent and high-value traders. However, higher fees for broker-assisted trades may deter some investors. The platform offers no subscription or account maintenance fees, appealing to casual traders.
OPEN AN ACCOUNT NOW WITH ASB SECURITIES AND GET YOUR WELCOME BONUS
#5. CMC Markets
What is CMC Markets?
CMC Markets is a global online broker that provides access to CFDs, forex trading, and spread betting. Known for its robust trading platform, it offers advanced charting tools, real-time pricing, and extensive market research. The broker caters to both beginners and professional traders with competitive pricing and a vast range of tradable instruments.
Advantages and Disadvantages of CMC Markets
CMC Markets Commissions and Fees
CMC Markets charges competitive spreads on forex pairs and low commissions for certain asset classes. However, traders may encounter additional fees, such as overnight holding charges and inactivity fees. The broker's transparent fee structure allows users to understand potential costs upfront. Despite its advantages, fees may vary based on account type and trading volume.
OPEN AN ACCOUNT NOW WITH CMC MARKETS AND GET YOUR WELCOME BONUS
How to Choose the Best Stock Broker in New Zealand
Selecting the best stock brokers in New Zealand requires assessing fees, platform usability, and regulatory oversight by the Financial Markets Authority. A good broker aligns with your trading goals, whether you’re interested in forex trading, share trading, or managed funds. Consider brokers offering low trading fees, robust trading tools, and features like advanced charting tools to support your trading strategies.
Look for brokers providing online share trading platforms with extensive market access to global markets, including international stocks and exchange traded funds. Evaluate brokerage fees, account fees, and currency exchange fees to ensure cost-effectiveness. Features like free demo accounts, support for automated trading, and educational resources can also improve your trading experience, especially for zealand traders and retail investor accounts.
Also Read: The 5 Best Binary Brokers in New Zealand in 2025: Profitable Choices
Conclusion
When choosing the best stock brokers in New Zealand, it’s essential to assess their standout features, such as low trading fees, access to global markets, and advanced trading tools. Brokers like CMC Markets and Interactive Brokers excel with their competitive spreads, robust trading platforms, and extensive support for international stocks and forex trading. Key considerations include brokerage fees, portfolio investment entity options, and access to market data for informed trading decisions.
Ultimately, evaluating online share trading platforms requires aligning features like educational resources, automated trading, and market analysis with personal goals. Whether focusing on managed funds, share trading accounts, or capital gains, New Zealand traders must balance trading costs with their trading preferences. A free demo account is an excellent way to test strategies before actively investing in financial markets.
FAQs
What factors should I consider when choosing a stock broker in New Zealand?
Look for regulation, fees, trading tools, and customer support. Ensure the broker aligns with your trading goals.
Are stock brokers in New Zealand regulated?
Yes, reputable brokers are regulated by the Financial Markets Authority (FMA) to ensure security and compliance.
Which broker is best for beginners in New Zealand?
eToro and ASB Securities are user-friendly and suitable for beginners, offering straightforward platforms and helpful resources.
