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BEST STOCK BROKERS IN NZ

Looking to trade NZ shares safely and efficiently? This ranking identifies the most trustworthy platforms for Kiwi investors, carefully evaluated on key factors like platform security, ease of use, trading costs and customer support. We also considered liquidity on the NZX, access to listed companies and the availability of portfolio management tools. These brokers combine safety, transparency and convenience, helping investors manage their equity holdings confidently in a well-regulated NZ market.

2025-10-30

A good choice

Ranking Methodology

To compile the ranking, we rely on a professional criterion that follows these steps:

We test the platforms based on several basic parameters (see list).
We test the platforms based on ranking-specific parameters.
We ensure the results are accurate (consistency and absence of outliers).
We verify on social media and forums that our parameters are socially sound and that no relevant negative reviews exist.
We present and publish the ranking.

Basic Testing Parameters for Apps Included in the Ranking

They allow accounts to be opened by local clients, meaning we exclude platforms not available in certain countries.
Regulatory compliance and security.
Transparency, reputation, and data protection.
Total costs (commissions, spreads, non-trading fees, deposits/withdrawals).
User experience (UX/UI), stability, and performance (uptime, latency).
Platform and tools (charts, alerts, backtesting, mobile, desktop, API).
Execution and liquidity (order quality, slippage, depth).
Customer support (languages, coverage, response times).
Education and resources (guides, research, demos, simulators).

Specific Parameters for the Equities Ranking

Access to domestic and international markets (NYSE, Nasdaq, LSE, etc.).
Fundamental and corporate data (dividends, splits, events).
Fractional shares and extended-hours trading (pre/after-market).
Routing and order execution quality (PFOF, smart routing).
Stock lending/short selling (availability, rates, location).
Advanced order types (OCO, bracket, stop-limit with triggers).
Custody fees, currency conversion, and position transfer.
Margin and financing rates (levels, requirements, calls).

Our ranking

DISCOVER THE BEST OPTIONS

Ranking

# 1

FxPro

FxPro tops this ranking for stock trading, recognized for its deep market access and institutional-grade execution infrastructure. FxPro provides access to over 2,000 global equities through CFD trading on leading exchanges such as NASDAQ, NYSE, and the London Stock Exchange. The platform’s multi-account structure (MT4, MT5, and cTrader) gives traders flexibility to choose their preferred environment for strategy deployment, automation, or discretionary trading.FxPro’s stock offering is characterized by low-latency execution and competitive spreads starting from 0.1 USD, with no dealing-desk intervention and average execution speeds below 13 ms. The broker also integrates Trading Central analytics and advanced risk-management tools, enabling precise order control and real-time portfolio visibility.

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# 2

XM is a global broker with over 10 million users, regulated in Australia, Cyprus, Belize, and the UAE, with an active presence in more than 190 countries. It offers more than 1,000 instruments including forex, stocks, indices, commodities, and crypto CFDs. Its low initial deposit, robust educational platform, and compatibility with MT4/MT5 make it ideal for beginner traders as well as more advanced operators.

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# 3

AvaTrade

AvaTrade is a global broker with a presence since 2006 and is regulated in multiple jurisdictions including Ireland, Australia, and Japan. It offers a wide variety of platforms — including MT4, MT5, AvaTradeGO, and AvaSocial — to trade forex, stocks, crypto, and more. Its offering combines advanced technology, regulatory security, and social trading tools. Ideal for both beginners and experienced traders.

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Not sure?

How to open an Investment Account

Once you’ve chosen a provider, opening an account in New Zealand is easy. The steps apply whether you’re investing in stocks, bonds, ETFs, crypto, commodities or real estate.

Go to the provider’s website: Click “Open account” or “Get started”.
Register your details: Name, email, phone, country. You’ll need a passport or NZ driver’s licence, plus proof of address such as a Meridian Energy bill or bank statement from the last 3 months.
Approval: Some accounts are activated instantly, others after a few days.
Configure account: Adjust settings once verified.
Deposit funds: Card, bank transfer or e-wallet.

You’re ready to start investing.