Best Day Trading Platforms and Brokers in New Zealand 2024
The best day trading platforms in New Zealand offer short-term trading on Asia-Pacific markets with regulation from a trusted body, such as the Financial Markets Authority (FMA). Many top brokers also cater especially to day traders in New Zealand with convenient deposits to NZD accounts.
Explore the best platforms for day trading in New Zealand. Our experts have evaluated each broker’s suitability for day traders, including charting software, execution speeds and pricing.
Top 5 Platforms For Day Trading In New Zealand
Our findings show these are the top 5 brokers for day trading in New Zealand:
- Moneta Markets - Moneta Markets is a great pick for users looking to trade a wide range of markets with 1000+ instruments and high leverage up to 1:1000. Access to the powerful MT4 and MT5 platforms will also appeal to seasoned day traders.
- BlackBull Markets - BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms.
- AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
- RockGlobal - RockGlobal is a great option for short-term CFD traders looking for low fees. The brand will also suit longer-term investors interested in buying shares at discounted rates. RockGlobal is a particularly good fit for traders from New Zealand where the firm is headquartered and licensed by the FMA.
- Deriv.com - Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.
Best Day Trading Platforms and Brokers in New Zealand 2024 Comparison
| Broker | NZD Account | Minimum Deposit | Financial Instruments | Trading Platforms | Visit |
|---|---|---|---|---|---|
|
✔ | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral | Visit |
|
✔ | $0 | Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos | MT4, MT5, cTrader, TradingView, AutoChartist | Visit |
|
- | $100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | Visit |
|
✔ | $200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Options, Futures | Trader Workstation (TWS), MT4 | Visit |
|
- | $5 | CFDs, Multipliers, Forex, Stocks, Indices, Commodities | Deriv Trader, MT5 | Visit |
|
- | $5 | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures | MT4, MT5 | Visit |
|
✔ | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade | Visit |
|
✔ | $100 | CFDs, Forex, Indices, Commodities, Stocks, Crypto | MT4, MT5 | Visit |
|
- | $50 | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs | eToro Web, CopyTrader, TradingCentral | Visit |
|
- | $10 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | R StocksTrader, MT4, MT5, TradingView | Visit |
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- | $1 | Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures | MT4, MT5 | Visit |
|
- | $20 | Forex, CFDs, Stocks, Indices, Commodities, Crypto | MT4 | Visit |
|
- | $0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral | Visit |
|
- | $10 | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Web Platform, Mobile App | Visit |
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- | $10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | BDSwiss Webtrader, MT4, MT5 | Visit |
#1 - Moneta Markets
Why We Chose Moneta Markets
Moneta Markets is a regulated multi-asset broker offering an excellent suite of 1000+ short-term instruments. There are no deposit fees and the minimum deposit is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading. More than 70,000 traders have signed up with the ASIC, FSCA and FSA-regulated brokerage.
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator: FSCA, ASIC, FSA
- Platforms: AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral
- Minimum Deposit: $50
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- Award-winning customer support is available 24/7 via multiple channels
- Moneta Markets is a reputable broker regulated by the ASIC, FSCA and FSA
- Very high leverage is available up to 1:1000 for experienced investors
Cons
- You have to deposit $500 to access the best educational materials
- The broker's offshore regulation weakens legal safeguards for some traders
- The demo account expires after only one month
#2 - BlackBull Markets
Why We Chose BlackBull Markets
BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
- Instruments: Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
- Regulator: FMA, FSA
- Platforms: MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:500
Pros
- CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading
- $0 minimum deposit and 0.01 lot trades
- Autochartist plugin
Cons
- US traders not accepted
- Withdrawal fees with some methods
#3 - AvaTrade
Why We Chose AvaTrade
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
- Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
- Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
- Minimum Deposit: $100
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail) 1:400 (Pro)
Pros
- The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
- AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
Cons
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- There is no ECN account with raw spreads
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
#4 - RockGlobal
Why We Chose RockGlobal
RockGlobal is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of day trading assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, RockGlobal offers peace of mind and excellent customer support.
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto, Options, Futures
- Regulator: FSP, FMA
- Platforms: Trader Workstation (TWS), MT4
- Minimum Deposit: $200
- Minimum Trade: 0.01 Lots
- Leverage: 1:500
Pros
- Direct stock trading with low brokerage fees from $0.02 per US share
- High leverage is available up to 1:500
- There are some helpful learning resources and market analysis for beginners
Cons
- Payment methods are limited compared to other brokers, with only card payments and wire transfers available
- The $20 inactivity fee is higher than some alternatives
#5 - Deriv.com
Why We Chose Deriv.com
Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.
- Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
- Regulator: MFSA, LFSA, VFSC, BFSC
- Platforms: Deriv Trader, MT5
- Minimum Deposit: $5
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
- There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
- Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
Cons
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
- There's no loyalty program or rebate scheme for high volume traders
Choosing A Day Trading Broker In New Zealand
Drawing on our extensive experience assessing day trading brokers, there are several factors to keep in mind when selecting a platform:
Choose A Trustworthy Day Trading Broker
Many of the best brokers in New Zealand are authorized by the local regulator, the Financial Markets Authority (FMA), which enforces guidelines to protect retail investors from unfair trading practices, risky financial products and trading scams.
In fact, the FMA has published useful tips on how to spot a trading scam:
- They claim that returns are guaranteed (day trading is risky and you can lose your investment)
- They provide little or no information in writing (trusted brokers have transparent websites & apps)
- They claim that everything is urgent or secret (legit firms will not pressure you to start trading)
- They ask for unusual payments (reputable brokers offer secure deposit methods, e.g. PayPal NZ)
Importantly, some day trading brokers hold licenses in other strictly regulated regions, such as Australia, however you may give up certain protections, notably participation in New Zealand’s dispute resolution program and investor protection fund.
- Blackbull is the most trusted day trading broker in New Zealand. It’s FMA-licensed, based in Auckland, uses segregated accounts at the country’s tier-1 banks, and has 10+ years experience.
Choose A Day Trading Broker With Excellent Market Coverage
The top brokers offer short-term trading opportunities on a wide range of asset classes, sectors and geographies, catering to a broad spectrum of traders.
For day traders in New Zealand, regional markets such as equities listed on the New Zealand Stock Exchange (NZX), the S&P/NZX indices, and currency pairs like the NZD/USD, EUR/NZD and AUD/NZD, may be particularly important.
As part of our evaluations, we also prioritize brokers with products specifically designed for short-term trading, such as contracts for difference (CFD), allowing you to go long or short on New Zealand stocks, for example, without taking ownership of shares.
- eToro offers a superb selection of markets, including popular stocks like Spark New Zealand Ltd (SPK) and Auckland International Airport (AIA), as well as 50+ currency pairs, featuring NZD crosses. Its huge selection of digital currencies also helped it scoop our ‘Best Crypto’ award.
Choose A Broker With Low Day Trading Fees
Leading day trading brokers offer excellent pricing to help short-term traders, who typically execute a large volume of orders, keep transaction costs down.
We always analyze fees as part of our exhaustive review process. To paint a picture of costs for all types of day traders, we evaluate spreads and/or commissions on a wide range of asset classes, from forex, stocks and indices to commodities and cryptocurrencies.
Then we overlay our personal observations to balance quality with price. That’s because testing close to 500 day trading brokers has taught us that it can be worth paying more for more reliable order execution or analyst insights into interest rate decisions from the Reserve Bank of New Zealand, for example, which may impact stock and currency prices.
- RockGlobal is one of the most affordable day trading brokers in New Zealand, with a $0 deposit, spreads from 0.7 pips on NZD/USD and low commissions from 0.189% on Asia-Pacific shares.
Choose A Broker With Reliable Charting Platforms
Day traders require stable, user-friendly and powerful platforms which can facilitate short-term trading strategies.
We personally test desktop platforms, web traders and increasingly mobile apps, to evaluate their usability and the completeness of their charting packages, including technical indicators, drawing tools and timeframes.
MetaTrader 4 (MT4) continues to dominate the day trading industry, and is offered by the majority of online brokers. That said, after countless hours using it over the years, we’re growing tired of its outdated design.
Fortunately, we’re seeing the in-house software offered by the likes of CMC Markets and AvaTrade increasingly rival established third-party solutions, featuring more intuitive workspaces with comprehensive tools for day traders at all levels.
- Moneta Markets supports several leading charting platforms, including MT4, TradingView, a proprietary mobile app, and a copy trading solution, all available with a free demo.
Choose A Broker With High-Quality Order Execution
The best day trading platforms in New Zealand execute orders quickly and with no rejects or requotes.
Optimum speeds, ideally less than 100 milliseconds, help ensure that there is limited downtime between the requested fill price and the actual fill price.
This is particularly important when day trading fast-moving markets like the NZD/JPY, which is especially volatile given the New Zealand Dollar’s status as a commodity currency whose value can fluctuate significantly depending on the price of the country’s agricultural exports.
- IC Markets is an ultra-fast day trading broker, with execution speeds from 35ms across its desktop and mobile platforms, catering to various short-term traders, notably scalpers and algo traders.
Choose A Broker With Clear Leverage and Margin Requirements
Leverage is a critical feature for many day traders because it allows you to boost your trading results beyond what you could afford with your existing cash.
Let’s say I decide to put NZ$100 in a long position on the NZD/USD currency pair, using 1:20 leverage. This would effectively increase my buying power to 20x my initial investment (NZ$2,000), meaning any gains or losses would also be multiplied by a factor of 20.
- AvaTrade excels in its transparent margin requirements across all its assets, for example, 5% (1:20 leverage) on the NZD/USD. It’s also one of the few brokers to offer bespoke a risk management tool, AvaProtect, which provides up to $1,000,000 in protection.
Methodology
The best day trading brokers in New Zealand have been selected from our extensive database of brokers; organized into those that accept traders from New Zealand and ranked by their overall rating which factors in key areas, such as: 
- We checked that the broker accepts day traders from New Zealand and is regulated by a trusted body like the FMA.
- We prioritized brokers with low trading fees on popular markets like the EUR/USD and Oil.
- We focused on brokers with a wide investment offering, for example, stocks on New Zealand’s Exchange.
- We checked for powerful and user-friendly charting platforms for traders at all levels.
- We favored brokers with fast order execution to help short-term traders secure optimal prices.
- We ensured brokers offer clear leverage and margin requirements.
FAQ
Which Are The Best Brokers Accepting Day Traders From New Zealand?
Use our list of the best brokers accepting day traders from New Zealand to find the right platform for your needs.
Many of our recommended brokers have tailored their offerings for traders in New Zealand with NZD accounts, a license from the FMA, and offices in Auckland.
Who Regulates Day Trading Platforms In New Zealand?
The Financial Markets Authority (FMA) regulates day trading platforms in New Zealand.
The FMA is a ‘Green-Tier’ regulator, meaning it provides robust investor safeguards, notably access to a dispute resolution scheme, limits on leverage for retail investors up to 1:30, and a requirement for brokers not to misrepresent the risks of online trading.
How Much Capital Do I Need To Start Day Trading In New Zealand?
Our analysis reveals that most day trading brokers in New Zealand allow you to open an account with NZ$250 or less.
That said, some budget-friendly platforms don’t require any minimum – the best are Blackbull Markets and CMC Markets.
Article Sources
- New Zealand Financial Markets Authority (FMA)
- New Zealand Stock Exchange (NZX)
- Spark New Zealand Ltd (SPK) - NZX
- Auckland International Airport (AIA) - NZX
- How To Spot A Scam - FMA
- Reserve Bank of New Zealand
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