Brokers With NZD Accounts
Written By
Jemma Grist
Written By
Jemma Grist
Edited By
James Barra
Edited By
James Barra
Fact Checked By
Michael MacKenzie
Fact Checked By
Michael MacKenzie
Updated
Oct 4, 2024
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:
Here is a summary of why we recommend these brokers in December 2025:
- AZAforex - Established in 2016, AZAforex is an offshore broker offering short-term trading on 235+ global financial markets, including through binary options with payouts of up to 90%. Three accounts (Start, Pro and VIP) offer unique features, but all provide access to the broker’s Mobius Trader 7 platform, which has benefited from performance upgrades over the years.
- Crypto.com - Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 150 million users.
- 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.
- Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
- 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.
Brokers With NZD Accounts Comparison
| Broker | NZD Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| AZAforex | ✔ | $1 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options | GLOFSA |
| Crypto.com | ✔ | $0 | Crypto, Stocks, ETFs | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU |
| Focus Markets | ✔ | $100 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | ASIC, SVGFSA |
| Dukascopy | ✔ | $100 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | FINMA, JFSA, FCMC |
| 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 |
AZAforex
"AZAforex is best suited to active traders looking for a choice of American and Chinese options, with different payout structures to standard high/low options. It’s also excellent for mobile traders, offering a dedicated app that provides a more comprehensive experience if you’re trading on the go compared to the mobile-optimized web browsers most firms use."
Christian Harris, Reviewer
AZAforex Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options |
| Regulator | GLOFSA |
| Platforms | Mobius Trader 7 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.0001 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, MYR, IDR, CHF, RUB, THB, VND, UAH, CNY |
Pros
- AZAforex supports a huge and growing variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies, providing flexibility for funding and withdrawals. This variety accommodates traders from different regions and preferences.
- AZAforex provides high leverage of up to 1:1000, allowing for potentially greater returns with smaller capital. While this comes with increased risk, it's an attractive feature if you are an experienced trader looking for aggressive growth strategies.
- Few brokers offer binary options as part of their portfolio. Still, AZAforex includes them, allowing you to speculate on short-term price movements with fixed risk and reward up to 90%.
Cons
- AZAforex still operates without regulation from a recognized financial authority, which raises concerns about transparency, fund safety, and accountability. You may have no recourse in disputes, making it riskier than regulated brokers.
- AZAforex offers basic trading guides and a blog but lacks robust educational tools such as video tutorials, webinars, or interactive learning resources. This makes it less appealing for beginners who need comprehensive learning support. A lot of the content is outdated, too.
- While functional during testing, the Mobius Trader 7 platform is proprietary and not widely used by other brokers. This creates risks of potential price manipulation or discrepancies in market data, as there's no external verification like with MetaTrader or cTrader.
Crypto.com
"Crypto.com is a snug fit for aspiring crypto traders who want to buy, sell and trade over 400 digital tokens. The interest paid on idle funds and intuitive staking opportunities also provide passive investing opportunities."
Crypto.com Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Crypto, Stocks, ETFs |
| Regulator | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU |
| Platforms | Own |
| Minimum Deposit | $0 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES |
Pros
- The Crypto.com Exchange platform offers sophisticated bots, including Dollar Cost Averaging (DCA), Time-Weighted Average Price (TWAP), and Grid Trading bots. These tools allow traders to automate strategies, including leveraged perpetual trades, minimizing manual effort and slippage.
- The platform supports unified portfolio tracking across cryptocurrencies, stocks, ETFs, and more recently prediction markets, all within a single interface, simplifying asset management for multi-asset traders and providing consolidated insights.
- Crypto.com uses a cold wallet solution that integrates multi-signature technology and geographic distribution to enhance security. This approach ensures robust protection of user assets with highly secure offline storage.
Cons
- The app's high bid-ask spreads on many coins can be costly for traders placing market orders. Wide spreads mean the price you pay when buying is noticeably higher than the price you receive when selling, cutting into profits, especially on lower-volume trades.
- Customer support primarily relies on chatbots and email, with limited reliable phone support from our testing. This can lead to delays in resolving urgent issues, such as account access or transaction problems, which can be frustrating for crypto day traders who need quick assistance.
- Withdrawal fees apply to crypto transfers and fiat withdrawals, and these can be significant for active traders making smaller transfers. The minimum withdrawal limits are also relatively high, which restricts flexibility for managing smaller portfolios or quick liquidity needs.
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."
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.
- Focus Markets excelled in the deposit and withdrawal category during testing, offering more base currencies than most competitors, including USD, CAD and EUR - and a range of traditional and popular crypto payment options, including BTC and USDT.
Cons
- 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.
- 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.
- 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.
Dukascopy
"Dukascopy suits binary traders seeking the peace of mind of using a well-known brokerage whose banking services are regulated by FINMA in Switzerland, with legitimacy and credibility that’s a step up from most offshore firms. Dukascopy is particularly good for experienced binary traders, especially those seeking automation through chained option contracts. "
Dukascopy Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options |
| Regulator | FINMA, JFSA, FCMC |
| Platforms | JForex, MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:200 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN |
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a broker and a bank, ensuring top-tier financial security and adherence to strict standards.
- Dukascopy features some of the best research we’ve seen, even a professional TV studio in Geneva covering financial news, market analysis, and daily insights from professionals.
- The proprietary JForex platform is highly advanced, offering tools for algorithmic trading, extensive charting, and access to deep liquidity for short-term traders.
Cons
- While JForex is feature-rich, it has a steep learning curve, making it less suitable for beginner traders who might prefer simpler platforms.
- While Dukascopy provides some educational resources and 24/7 support, the complexity of its platforms and tools required extensive testing and may overwhelm newer traders.
- Dukascopy's withdrawal fees are higher than most competitors we’ve tested, particularly for bank wire transfers, which may deter traders who require frequent access to their funds.
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
- 20+ account denominations
- Customizable proprietary trading platform and mobile app
- Regulated by FINRA with access to the Securities Investor Protection Corporation
Cons
- No MT4 or MT5 platform integration
- Shortcomings regarding platform loading times and technical glitches
- No forex, commodities or futures trading
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."
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
- Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
- Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Cons
- 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
- 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.
- 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.
How Did We Choose The Best Brokers?
To identify the best NZD brokers, we:
- Searched our database of 229 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:
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.
Article Sources
- Reserve Bank of New Zealand (RBNZ)
- New Zealand Exchange (NZX)
- Top 10 Most Traded Currencies In The World - IG
- New Zealand Economy Weakens NZD - Forbes
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