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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- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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- Demo account
- Regulator: FSC
- Min. deposit: $200
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
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- Demo account
- Min. deposit: $10 (varies by account and payment method)
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: ASIC, FSCA, FSA, FSC, CMA-UAE
- Min. deposit: $20
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- IC 4.8/5 IC Markets (now IC) 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 200,000 clients from over 200 countries.
- IC Trading 4.2/5 IC Trading is part of the established IC group (including what used to be 'IC Markets'). 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.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- Exness 4.1/5 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.
- PU Prime 4.5/5 PU Prime is a forex and CFD broker offering direct market access on forex, commodities, stocks, bonds, indices, and ETFs. With four account types (Cent, Standard, Prime, ECN) and multiple platforms, from MetaTrader to its own PU Prime app, it’s built for active traders at every level.
Brokers With NZD Accounts Comparison
| Broker | NZD Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| IC | ✔Yes | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| IC Trading | ✔Yes | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures | FSC |
| BlackBull | ✔Yes | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | FMA, FSA |
| Vantage | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | FCA, ASIC, FSCA, VFSC, CIMA |
| Exness | ✔Yes | $10 (varies by account and payment method) | CFDs on Forex, Stocks, Indices, Commodities, Crypto | FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only) |
| PU Prime | ✔Yes | $20 | CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent) | ASIC, FSCA, FSA, FSC, CMA-UAE |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| IC | 2 | ||||
| IC Trading | 606 | ||||
| BlackBull | 3517 | ||||
| Vantage | 15742 | ||||
| Exness | 33680 | ||||
| PU Prime | 1876 |
IC
IC (formerly 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 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- 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.
- While IC 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.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
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
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- 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.
- IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
- 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.
Cons
- Customer support performed poorly 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.
- Despite being part of the trusted IC group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
- The educational resources are greatly in need of improvement, unless you navigate to the IC.com website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- It’s quick and easy to open a live account – taking less than 5 minutes
- There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
- The broker has made efforts to expand its suite of CFDs providing further trading opportunities
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
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
- FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only)
- Platforms
- Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
- Minimum Deposit
- $10 (varies by account and payment method)
- Minimum Trade
- 0.01 Lots
- 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
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
- Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
- Charting tools have been improved through Indie - traders can write Python scripts and add custom indicators to charts in the Exness Terminal and MT5, as well as testing them against market data.
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.
- Retail trading services are unavailable in certain jurisdictions, such as the US, UK, EU, and more recently India, limiting accessibility compared to top-tier brokers like Interactive Brokers.
- Exness has expanded its range of CFDs, but there are still no real assets such as ETFs, cryptocurrencies or bonds
PU Prime
PU Prime is a great fit for experienced, high-volume traders with its ECN account offering tight spreads from 0.0 pips and low commissions from $1/side. The addition of an easy-to-use copy trading app, alongside the stacked Trading Academy with progression levels, also makes PU Prime a strong option for aspiring traders.
Tobias Robinson, Reviewer
PU Prime quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Metals, Crypto, Bonds, ETFs, Pre-IPOs, Synthetic Indices (region-dependent)
- Regulator
- ASIC, FSCA, FSA, FSC, CMA-UAE
- Platforms
- PU Prime App, PU Web Trader, PU Social, MT4, MT5, AutoChartist
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD
Pros
- The platform lineup is strong, with the PU Prime Web Trader and app especially smooth to use with a modern design, easy-to-configure order tickets and responsive charts for fast entries and exits.
- There’s a great suite of tools for short-term traders, from practical margin and position sizing calculators to economic calendars and strong technical insights via Autochartist.
- Prime and ECN pricing can be very competitive for active traders, and in our tests spreads tightened notably in liquid sessions to hit ~0.0 pips.
Cons
- While PU Prime holds licenses in Australia (ASIC) and South Africa (FSCA), its offshore entities have been flagged by UK, North American, and European regulators for providing services without local authorization.
- The in-house market updates are useful for a quick read, but they’re generally high-level and don’t go deep enough for serious strategy building or advanced analysis.
- The ECN account’s $10,000 minimum deposit puts the best pricing out of reach for some active retail traders who may end up paying more for spreads and commissions on Prime, Standard or Cent accounts.
How Did We Choose The Best Brokers?
To identify the best NZD brokers, we:
- Searched our database of 143 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
The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com