The best day trading platforms in New Zealand offer short-term trading on Asia-Pacific markets with regulation from a trusted body, specifically 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 6 Platforms For Day Trading In New Zealand
Our findings show these are the top 6 brokers for day trading in New Zealand. We verified each one holds a license from the FMA.
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money. -
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FCA, ASIC, FMA, DFSA, FSC
- Platforms: Axi Copy Trading, MT4, AutoChartist
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- Demo account
- Regulator: FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms: Web, MT4, MT5, TradingView
69% of retail CFD accounts lose money. -
- Demo account
- Regulator: ASIC, FMA, VFSC, FSA, FSC, CMA-Kenya
- Platforms: MT4, MT5, TradingView, TradingCentral
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- 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.
- Plus500 4.1/5 Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Axi 3.7/5 Established in 2007, Axi is a multi-regulated forex and CFD broker that has made strides to improve its trading experience over the years, from expanding its suite of stocks and upgrading the Axi Academy to launching its own copy trading app.
- CMC Markets 4.7/5 Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
- TMGM 3.4/5 TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.
Best Day Trading Platforms and Brokers in New Zealand 2026 Comparison
| Broker | NZD Account | Minimum Deposit | Financial Instruments | Trading Platforms |
|---|---|---|---|---|
| BlackBull | ✔Yes | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist |
| Plus500 | - | $100 | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App |
| IG | - | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Axi | - | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Axi Copy Trading, MT4, AutoChartist |
| CMC Markets | ✔Yes | $0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria) | Web, MT4, MT5, TradingView |
| TMGM | ✔Yes | $100 | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex | MT4, MT5, TradingView, TradingCentral |
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 |
|---|---|---|---|---|---|
| BlackBull | 3515 | ||||
| Plus500 | 20087 | ||||
| IG | 10134 | ||||
| Axi | 7999 | ||||
| CMC Markets | 3506 | ||||
| TMGM | 1128 |
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.
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- With two ECN-powered accounts (Standard and Prime), plus Prime+ - an active trader rewards program offering trading rebates - BlackBull accommodates beginners through to high-volume active traders.
Cons
- 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.
- 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.
- 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.
Plus500
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
- The broker offers low commission trading on a diverse range of markets, minimizing additional fees while appealing to established traders
- In 2025 Plus500 added new share CFDs in emerging sectors like quantum computing and AI, offering opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana
Cons
- The absence of social trading means users can’t follow and replicate the trades of experienced traders
- Algo trading and scalping are not supported, which may deter some day traders
- Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
Axi
Axi is a stand-out option if you want to day trade forex on the MetaTrader 4 platform thanks to the broker’s growing selection of 70+ currency pairs, the MT4 NextGen upgrade, and tight spreads from just 0.2 pips if you opt for the Pro account.
Christian Harris, Reviewer
Axi quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, FMA, DFSA, FSC
- Platforms
- Axi Copy Trading, MT4, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CHF, PLN
Pros
- The growing educational resources in the Axi Academy, including free eBooks, video tutorials and notably interactive quizzes, are excellent for supporting beginner traders.
- Axi introduced an intuitive AI trading feature in 2026 that enables MT5 users to manage accounts and configure trades directly through Claude in a large step towards agentic trading.
- Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms.
Cons
- Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.
- Axi is falling behind by only offering MT4 when many rivals now support MT5, cTrader, TradingView and proprietary software for a slicker experience with more advanced tools.
- Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities.
CMC Markets
With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels.
Christian Harris, Reviewer
CMC Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria)
- Regulator
- FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
- Platforms
- Web, MT4, MT5, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN
Pros
- CMC Markets has added an AI News feature, using AI to surface and summarise market stories rather than place trades for you, hinting at where broker research tools are heading.
- The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.
- CMC Funded available from October 2026, providing up to a $100k prop trading-style simulated account to traders looking to prove their skills on CMC's trading infrastructure with wide market access, including prediction markets.
Cons
- Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
- An inactivity fee of $15 per month is applied after 12 months of inactivity, which may deter casual investors.
- The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
TMGM
TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing.
Tobias Robinson, Reviewer
TMGM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
- Regulator
- ASIC, FMA, VFSC, FSA, FSC, CMA-Kenya
- Platforms
- MT4, MT5, TradingView, TradingCentral
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD
Pros
- Good range of rewards and bonuses offered through a points-based loyalty system
- Huge range of assets including 10,000 global stocks
- Low trading fees with spreads from 1 pip on the classic account and from zero with $7 round-turn commissions on the raw spread account
Cons
- $30 fee levied monthly on accounts which are inactive for 6 months or have a balance below $500
- Not a spotless regulatory record, with a 2024 ASIC action temporarily preventing it from opening new accounts
- Despite strong oversight in Australia, some offshore entities offer weaker regulatory safeguards and peace of mind
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 143 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.
- IG is one of the most affordable day trading brokers in New Zealand, with a $0 deposit, spreads averaging 2.05 pips on NZD/USD and low commissions 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