Brokers With NZD Accounts

Written By

Jemma Grist

Edited By

James Barra

Fact Checked By

Michael MacKenzie

Updated

Mar 2, 2026

An NZD trading account is denominated in New Zealand’s currency, making it more convenient and affordable for Kiwis to trade the financial markets. An NZD account also means you can hold your trading funds in a relatively stable currency managed by the Reserve Bank of New Zealand (RBNZ).

Discover the best brokers with NZD accounts, personally tested by our experts.

Best Brokers With NZD Accounts

Our tests show that these are the top 6 brokers that support NZD accounts:

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Here is a short summary of why we think each broker belongs in this top list:

Focus Markets - Established in 2019, Focus Markets is an Australian-based MetaTrader broker offering access to over 1,000 tradable instruments, including forex, commodities, indices, stocks, and a particularly large selection of crypto derivatives.
Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.
Exness - Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

Brokers With NZD Accounts Comparison

Brokers With NZD Accounts Comparison
Broker	NZD Account	Minimum Deposit	Markets	Regulator
Focus Markets	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	ASIC, SVGFSA
Zacks Trade	✔	$2500	Stocks, ETFs, Cryptos, Options, Bonds	FINRA
Exness	✔	Varies based on the payment system	CFDs on Forex, Stocks, Indices, Commodities, Crypto	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
IC Markets	✔	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	ASIC, CySEC, CMA, FSA
IC Trading	✔	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures	FSC
Pepperstone	✔	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	FCA, ASIC, CySEC, BaFin, DFSA, SCA, CMA, SCB

Focus Markets

"Focus Markets is perfect for experienced traders familiar with MetaTrader 5, offering flexible crypto transactions (USDT and BTC) and access to over 90 cryptocurrencies for seamless speculation, deposits, and withdrawals."
Christian Harris, Reviewer

Focus Markets Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Regulator	ASIC, SVGFSA
Platforms	MT5
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:500
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, SGD

Pros

Focus Markets’ MT5 platform delivered fast, seamless trade execution during testing with advanced charting, multiple timeframes, and useful tools like Depth of Market (DOM). Its clean interface made navigation easy, while clear risk/reward ratios ensures precise trading.
Focus Markets is regulated by ASIC – one of the most respected regulatory bodies in the financial industry with robust safeguards like negative balance protection, ensuring you can’t lose more than your balance in volatile markets.
While its meagre four commodities won’t meet the needs of some serious traders interested in softs and metals, Focus Markets offers a huge suite of 90+ cryptos, providing short-term opportunities on high-reward, high-risk assets.

Cons

Focus Markets still has a long way to go to compete with the best brokers - with virtually zero research tools and education, plus limited value-add features like VPS hosting, copy trading and swap-free accounts.
Regulatory protection is a location lottery at Focus Markets – Australian traders benefit from strong ASIC oversight, but those using the SVGFSA-registered entity face limited recourse options in disputes.
A significant drawback of Focus Markets is the lack of platform variety. It only support MT5, excluding popular platforms like MT4, cTrader, and TradingView, plus it hasn't developed its own software that could better meet the needs of beginners.

Visit Focus Markets

Focus Markets Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo Account	Yes
Instruments	Stocks, ETFs, Cryptos, Options, Bonds
Regulator	FINRA
Platforms	Own
Minimum Deposit	$2500
Minimum Trade	$3
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

Customizable proprietary trading platform and mobile app
Demo account
20+ account denominations

Cons

Withdrawal fees apply if removing funds more than once per month
No forex, commodities or futures trading
No MT4 or MT5 platform integration

Visit Zacks Trade

Zacks Trade Review

Exness

"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Christian Harris, Reviewer

Exness Quick Facts

Demo Account	Yes
Instruments	CFDs on Forex, Stocks, Indices, Commodities, Crypto
Regulator	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
Platforms	Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
Minimum Deposit	Varies based on the payment system
Minimum Trade	0.01 Lots
Leverage	1:Unlimited
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.

Cons

Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds

Visit Exness

Exness Review

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Christian Harris, Reviewer

IC Markets Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Regulator	ASIC, CySEC, CMA, FSA
Platforms	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
Minimum Deposit	$200
Minimum Trade	0.01 Lots
Leverage	1:30 (ASIC & CySEC), 1:1000 (FSA)
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.

Visit IC Markets

IC Markets Review

IC Trading

"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "
Christian Harris, Reviewer

IC Trading Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
Regulator	FSC
Platforms	MT4, MT5, cTrader, AutoChartist, TradingCentral
Minimum Deposit	$200
Minimum Trade	0.01 Lots
Leverage	1:500
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.

Cons

Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.

Visit IC Trading

IC Trading Review

Pepperstone

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends)."
Christian Harris, Reviewer

Pepperstone Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Regulator	FCA, ASIC, CySEC, BaFin, DFSA, SCA, CMA, SCB
Platforms	Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView, AutoChartist
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:500 (Pro)
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

Offers a dedicated CopyTrading app for traders who want a less active approach to trading.
After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.

Cons

Despite improvements to its range of markets, crypto offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
Offers limited internal market research. They partner with third-party providers like Autochartist to fill this gap. This is a minor issue as there are plenty of other sources that can provide in-depth market analysis.

Visit Pepperstone

Pepperstone Review

How Did We Choose The Best Brokers?

To identify the best NZD brokers, we:

Searched our database of 139 online brokers and trading platforms
Selected all those that offer accounts denominated in New Zealand dollars (NZD)
Ranked them based on their overall rating which considers 100+ data points and hands-on tests

What Is An NZD Account?

An NZD account is a trading account where your transactions and trades are handled in New Zealand dollars.

This offers more convenience for Kiwis looking to manage their accounts and view profit and loss statements in their home currency.

Below you can see where I opened an account in NZD at IC Markets:

Opening an NZD trading account at IC Markets

Do I Need An NZD Trading Account?

There are several reasons you may want to open an account in NZD:

If you live in New Zealand and you hold or save money in NZD, an NZD account will help to reduce conversion fees.
If you frequently trade local markets like stocks listed on the New Zealand Exchange (NZX), then funding your account in NZD is more cost-effective.
If you are an overseas trader looking to diversify your portfolio, the NZD is a good choice as it’s one of the most stable in the world.

How Can I Check If A Broker Offers An Account In New Zealand Dollars?

You can follow these steps which we took to ensure each of our recommended brokers offers an NZD account:

Go to the broker’s website and navigate to the account types page
Check that NZD is listed as a supported account currency
Register for an account and select NZD as your base currency

Pros & Cons Of NZD Trading Accounts

Pros

NZD accounts can reduce currency conversion fees if you wish to trade NZD-based instruments, which is especially important for active traders.
The New Zealand currency is the 10th most traded in the world and one of the most stable, so holding your funds in it can protect you, to a degree, against fluctuations in currency values.
Brokers with NZD accounts often tailor their services to local traders by providing access to NZD currency pairs like USD/NZD, analysis on New Zealand markets, and holding a license with the New Zealand Financial Markets Authority (FMA).

Cons

NZD accounts are not as widely offered as USD, EUR or GBP accounts, so you may have fewer brokers to choose between, though there remain good options.
In recent years, the NZD has weakened due to interest rate hikes being halted by the RBNZ as reported by Forbes, making it a less attractive investment for traders.
Stocks on the New Zealand Exchange (NZX) are not widely offered, so you may have limited choice if you primarily want to trade local stocks.

FAQ

Which Is The Best Broker With An NZD Account?

See our list of the best brokers with NZD accounts to find the right broker for you. All have been rigorously examined by our experts.

How Much Does It Cost To Open A Trading Account Based In New Zealand Dollars?

The account opening deposit will depend on the broker, but this requirement does not usually exceed 250 USD (approximately 405 NZD) based on our tests.

That said, many beginner-friendly brokers require much less, including XM where you only need $5 to get started.

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