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TradersBest.com / Online Broker Reviews

Online Broker Reviews for New Zealand 2024

Alexander Foster
Alexander Foster
Last Updated on 28/09/2024

There are hundreds of online brokers and CFD providers to choose from these days, with new operators always trying to establish themselves.

This can make it quite difficult to find a reliable broker or provider that caters to your trading needs.

So how do you sort the bad apples from the good ones?

That’s where TradersBest.com comes in. We put both new and established providers through their paces with our online broker reviews and help you find a safe and reliable place to trade.

Read More

Best brokers and CFD providers

Stocks
Crypto
Futures
Forex
ETF
WBroker
Recommended
Favicon
4.7/5
  • Major stocks featured
  • Top exchanges covered
  • Minimal trading fees
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
TMGM
Hot Offer
Favicon
4.4/5
  • CFDs on the most popular stocks
  • Direct market access
  • Dividend payments are directly passed to clients
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show less
Rockfort
Hot Offer
Favicon
4.3/5
  • Shares available from 14 different countries
  • Very low broker fees
  • Supported margin lending
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
License
FMA - Financial Markets Authority
Show less
BlackBull
4.
Favicon
4.1/5
  • Over 23,000 tradable shares
  • More than 80 global markets
  • Low stocks transaction fees
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show More
Avatrade
5.
Favicon
4.0/5
  • Education video tutorials
  • Ebooks available
  • Trading for beginners
Account Fee
0.00€
Order Fee National
0.13%
Order Fee International
0.13%
Deposit Protection
50,000.00€
Visit Site
T&Cs apply, 21+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show More
WBroker
Recommended
Favicon
4.6/5
  • Stablecoins featured here
  • Low trading costs
  • Safe crypto platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
TMGM
Hot Offer
Favicon
4.4/5
  • Access to highly liquid cryptos
  • Access to markets seven days a week
  • Familiar trading with your MT4 platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 21+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show less
Plus500
Hot Offer
Favicon
  • Nice range of cryptocurrencies
  • No commissions
  • Plenty of other markets available
Minimum Deposit
100.00€
Deposit Protection
Amount of Currencies
12
BTC/USD Spread
Payment Methods
Applepay
PayPal
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Show less
Rockfort
Recommended
Favicon
4.5/5
  • More than 200 Futures Contracts
  • Covering more than 22 global exchanges
  • Real Time pricing 24/5
Minimum Deposit
Contract Fee
Deposit Protection
Demo Account Available
No
Visit Site
T&Cs apply, 21+
License
FMA - Financial Markets Authority
Show less
BlackBull
Hot Offer
Favicon
4.3/5
  • Trade in commodities futures such as gold and oil
  • No commissions
  • Up to 1:100 leverage
Minimum Deposit
Contract Fee
Deposit Protection
Demo Account Available
No
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show less
Avatrade
Recommended
Favicon
4.5/5
  • User-friendly platforms for beginners
  • Low spreads and reliable execution
  • Excellent analytical tools and educational materials
Minimum Deposit
250.00€
Deposit Protection
50,000.00€
Maximum Leverage
1:400
Trading Platforms
Android
iOS
MT4
Custom
Visit Site
T&Cs apply, 21+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show less
Rockfort
Hot Offer
Favicon
4.4/5
  • Over 50 forex currency pairs tradeable on a 24/5 marketplace
  • Standard maximum leverage of 1:100
  • Commission free trading for standard account holders
Minimum Deposit
Deposit Protection
Maximum Leverage
Visit Site
T&Cs apply, 21+
License
FMA - Financial Markets Authority
Show less
TMGM
Hot Offer
Favicon
4.3/5
  • Fast execution of trades
  • The market is catered to all traders and is open 24/5
  • Thin spreads available
Minimum Deposit
Deposit Protection
Maximum Leverage
Visit Site
T&Cs apply, 21+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show less
BlackBull
4.
Favicon
4.2/5
  • Over 30 forex pairings including 20 minor pairings
  • Trade with leverage of up to 1:500
  • Pips for as low as 0.0
Minimum Deposit
Deposit Protection
Maximum Leverage
Visit Site
T&Cs apply, 21+
License
FCA - Financial Conduct Authority
Show More
Plus500
5.
Favicon
  • Average fees
  • Great web-trading platform
  • Excellent mobile trading
Minimum Deposit
100.00€
Deposit Protection
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Web
Payment Methods
Applepay
PayPal
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Show More
WBroker
Recommended
Favicon
4.6/5
  • Plenty of ETFs
  • Low trading costs
  • Major exchanges featured
Minimum Deposit
Order Fee National
Licence
SFC - Securities & Futures Commission of Hong Kong
Saving Plans Available
No
Visit Site
T&Cs apply, 21+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
Avatrade
Hot Offer
Favicon
4.2/5
  • Low spreads with 5:1 leverage
  • A large variety of ETFs to trade, along with indices and stocks
  • High-quality customer service, education material and research tools
Minimum Deposit
250.00€
Order Fee National
0.13%
Licence
CBI - Central Bank of Ireland
Saving Plans Available
No
Visit Site
T&Cs apply, 21+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show less
Plus500
Hot Offer
Favicon
  • CFDs on ETF’s with leverage
  • Advanced technical analysis tools
  • Professional customer support
Minimum Deposit
100.00€
Order Fee National
Licence
CySEC - Cyprus Securities and Exchange Commission
Saving Plans Available
No
Payment Methods
Applepay
PayPal
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Show less

Online Broker Reviews – How We Test

We aim to provide you with insightful and thorough broker and CFD provider reviews. That way you have all the necessary information at your disposal to make an informed decision about what’s right for you. You’ll rest easy knowing you did so by using a comparative, objective point of view.

In our reviews, you’ll find a range of facets we take into account. We provide overall ratings to each broker and CFD provider based on their performance in these categories. The following sections refer to some of the categories we use for our objective testing and it’s what you can expect to find when reading our online broker tests.

Usability

We take great pride in offering you a user-friendly and hopefully, enlightening, experience on our website. We expect the same from the online brokers and CFD providers offering their services to you. By visiting the official websites and creating demo accounts, we’re able to identify which brokers and providers offer customers the best user experience. Ease of navigation and low-latency is important, especially when you’re trading on a daily basis. You’ll want to know that your chosen platform is able to provide a consistent interface that is innovative and intuitive.

Trading Platforms 

One of the most important aspects of an online broker and CFD provider is the trading platforms employed. Nowadays, you can expect a range of different platforms, each serving a certain trader or trading product. However, the standardized platforms one can expect include a web, desktop, and mobile platform. These three provide users with sufficient access wherever they may find themselves. We’ll assess the strengths and weaknesses of each platform and rate them accordingly.

Payments and Deposit Protection 

Funding your account shouldn’t be a hassle and you’ll definitely want to know that your money is safely secured. We’ll do a deep dive into the security measures and protocols put in place by each online broker and CFD provider. Sensitive information must be encrypted and stored securely. We’ll identify which type of security certificates are in the possession of the operators, and list all possible payment methods. Nowadays, it’s relatively easy funding an online account. We’ll outline the steps you need to take in order to link your broker or CFD provider account with your chosen payment method.

Customer Service 

We value our readers, and put special emphasis on the ability of providers to look after their own clients. A strong customer service department is a fundamental building block to the success of any online company. Staying engaged with clients and addressing any queries or problems is vital. We’ll outline all the available contact information and communication avenues at your disposal. For traders, this is especially important. Trading can be an around-the-clock endeavor and we’ll ensure you know exactly how to get hold of your provider, no matter the time of day.

Trading Products 

A large slice of our broker  and CFD provider reviews analyze the trading products on offer by each respective operator. Whether you’re looking for the best online futures brokers or the best online CFD provider for commodities, we will outline the available trading products that you can expect to trade with if you sign up with an operator. We’ll provide you with clarity on the pricing of each trading product and to what degree, you have access to various exchanges. We’ll link this to the available platforms you have at your fingertips and which go hand in hand.

Conclusion – Broker Reviews Round Up

We hope that you find our online broker reviews helpful and that they act as a guide in your decision-making process. The broker and CFD provider reviews will be updated to reflect accurate, current information and you’ll always have up-to-date online broker deals and promotions available at the click of a button. We’re set on providing our readers with expert tips and knowledgeable reviews that make your life easier.

To end off, we’d like to mention that choosing an online broker and CFD provider should be an exciting experience. The world of online trading might be volatile and unexpected at times, but it’s stimulating and empowering too. Having the ability to manage your own finances and make accurate, informed choices is a fantastic thing. In order to do so, you’ll need a broker or provider that you can trust. Our broker reviews will provide you with just that – an online broker with the right capabilities.

Top Crypto Sites
WBroker
WBroker
WBroker Review
4.6/5
TMGM
4.4/5
Plus500
Plus500 Review
4.0/5
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Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. They may not be suitable for everyone. Please make sure that you fully understand the risks. You should consider whether you can afford to take the risk of losing your money.

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