To assist you to observe the best international online brokers in New Zealand in 2022, we went ahead and did the research for you lot. Nosotros selected 101 quality online brokers, checked and compared basically every aspect of their services, with a special focus on fees, safety, trading platforms, as well as deposit and withdrawal options. Service providers had to prove their excellence in multiple areas to be considered among the best online brokers. And at present, without further ado…
Top 5 picks for best international online brokers in New Zealand in 2022:
-
Interactive Brokers
is the best international online brokers in New Zealand in 2022. Low trading fees. Wide range of products. Many great research tools. -
Saxo Bank takes second identify.
Corking trading platform. Outstanding research. Wide product portfolio. -
eToro
rounds out the top iii. Free stock and ETF trading. Seamless account opening. Social trading. -
tastyworks is numero quattro.
Low trading fees. Great educational materials. Proficient research tools. -
CMC Markets just fabricated information technology to the list in 5th identify.
Depression forex fees. Bully web and mobile platforms. Advanced research and educational tools.
| Banker | Info | Score | Minmum deposit | |
|---|---|---|---|---|
| #ane | Interactive Brokers | International broker providing all asset classes | four.nine | $0 |
| #ii | Saxo Bank | Danish investment bank | 4.eight | $2,000 |
| #three | eToro | Global social trading broker | iv.7 | $l |
| #iv | tastyworks | United states of america options and stockbroker | 4.7 | $0 |
| #five | CMC Markets | Global CFD broker | 4.5 | $0 |
What makes a proficient online banker?
Surely, they need to provide dandy services in all areas, especially in terms of
fair fees and condom. Depositing and withdrawing money should be either costless or cheap and the procedure convenient. Great trading platforms, an easy account opening procedure and a wide range of products also weighed heavily in the scoring.
These features are easy to list, but difficult to figure out.
We are testing brokers based on most 500 criteria
with existent accounts and real money. You can find all the ranking criteria in our methodology.
For a tailored recommendation, check out our banker finder tool. Answer 4 elementary questions and become a listing of the most relevant brokers.
And at present, allow’s encounter the best international online broker in New Zealand in 2022 one by one, starting with the winner, Interactive Brokers.
Interactive Brokers, i of the biggest US-based disbelieve brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK’s Financial Behave Authorization (FCA) and the United states of america Securities and Substitution Commission (SEC).
Given that the broker has licenses from multiple pinnacle-tier regulators, Interactive Brokers is considered safe. The fact that it has a long rails record and publicly disclosed financials while being listed on a stock commutation all point to IB being a safe service provider.
Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT past Interactive Brokers.
Recommended for
traders looking for wide market access and a professional trading environs
| Pros | Cons |
|---|---|
|
• Low trading fees |
• Complicated account opening process |
|
• Broad range of products |
• Complex desktop trading platform |
|
• Many bang-up enquiry tools |
• Understaffed client service |
#1 Interactive Brokers
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is gratis if they cull the Calorie-free plan.
| Pros | Cons |
|---|---|
|
• Low trading fees |
None |
|
• Free stock and ETF trading for US clients |
|
|
• Low margin rates |
Interactive Brokers |
Saxo Bank |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| US stock | $1.0 |
$ten.0 |
$0.0 |
$0.0 |
– |
| Uk stock | $4.2 |
$11.ii |
$0.0 |
– |
– |
| EURUSD benchmark fee | $10.4 |
$seven.1 |
$7.8 |
– |
$8.8 |
| US stock index options | $half-dozen.five |
$30.0 |
– |
$7.5 |
– |
| Common fund | $xv.0 |
$0.0 |
– |
– |
– |
| Due south&P 500 alphabetize CFD fee | $2.viii |
$1.ii |
$1.5 |
– |
$ane.four |
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a calendar week, and closing.
#1 Interactive Brokers
Mobile trading platform
The Interactive Brokers mobile trading platform boasts a lot of functions and a useful chatbot, just its user interface could be better.
| Pros | Cons |
|---|---|
|
• Ii-step (safer) login |
• Minor technical glitches |
|
• Skillful variety of lodge types |
|
|
• Price alerts |
#i Interactive Brokers
Deposit and withdrawal
Interactive Brokers offers several business relationship base currencies and one free withdrawal per calendar month. The main drawback is that you lot can merely utilise banking concern transfer.
| Pros | Cons |
|---|---|
|
• No deposit fee |
• Credit/Debit carte not bachelor |
|
• Several account base currencies |
|
|
• First withdrawal costless each month |
Interactive Brokers |
Saxo Depository financial institution |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Bank transfer | Yes |
Yes |
Yep |
Yes |
Yes |
| Credit/debit card | No |
No |
Yes |
No |
Yes |
| Electronic wallets | No |
No |
Yes |
No |
Yes |
| Withdrawal fee | $0 |
$0 |
$v |
$0 |
$0 |
Saxo Bank, a Danish investment banking concern founded in 1992, provides online trading and investment services. The visitor is regulated by several financial authorities globally, including the Danish Financial Services Bureau (FSA) and the Britain’s Fiscal Conduct Say-so (FCA).
Saxo Bank is a global service provider and its subsidiaries are present in the course of separate legal entities in dissimilar regions of the earth. The services offered by the diverse entities may differ slightly, specially with respect to fees and product portfolios. In this review, we tested Saxo Bank U.k..
Being regulated by acme-tier fiscal government, and having a long track tape and a cyberbanking background, are all practiced signs for Saxo Banking concern’south rubber.
HEADS UP: Recent issues with account opening– Saxo Bank seems to have a delay in sending you lot a crucial URL to start your account opening. For more than info, run across Saxo Banking company account opening issues in the review’south Account opening chapter. If you’d like to open an business relationship regardless, click here to read about Saxo Banking company alternatives.
Recommended for
investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
|
• Great trading platform |
• High bond, options and futures fees |
|
• Outstanding enquiry |
• High minimum deposit |
|
• Wide product portfolio |
• Lacks live chat and 24/7 availability |
#ii Saxo Bank
Fees
Saxo Bank has overall boilerplate trading and non-trading fees, merely the construction is quite mixed, with swell differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees |
• Inactivity fee |
|
• Depression fund fees |
• Custody fee |
|
• No withdrawal fee |
• Loftier fees for options and futures |
Interactive Brokers |
Saxo Bank |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| United states stock | $1.0 |
$10.0 |
$0.0 |
$0.0 |
– |
| Britain stock | $iv.two |
$xi.2 |
$0.0 |
– |
– |
| EURUSD benchmark fee | $10.4 |
$7.1 |
$7.viii |
– |
$eight.eight |
| U.s.a. stock index options | $6.5 |
$30.0 |
– |
$7.5 |
– |
| Mutual fund | $15.0 |
$0.0 |
– |
– |
– |
| South&P 500 index CFD fee | $ii.8 |
$1.two |
$1.5 |
– |
$1.iv |
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.
#2 Saxo Bank
Mobile trading platform
Saxo Bank’southward convenient mobile app has the aforementioned look and very similar functionalities as the web platform.
| Pros | Cons |
|---|---|
|
• User-friendly |
None |
|
• Two-step (safer) login |
|
|
• Skillful search function |
#2 Saxo Depository financial institution
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options complimentary of charge, on a convenient interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit bill of fare bachelor |
• Electronic wallets not bachelor |
|
• Free withdrawal |
|
|
• No deposit fee |
Interactive Brokers |
Saxo Banking concern |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Banking concern transfer | Yes |
Yes |
Yep |
Yes |
Yes |
| Credit/debit card | No |
No |
Yeah |
No |
Yes |
| Electronic wallets | No |
No |
Yeah |
No |
Yes |
| Withdrawal fee | $0 |
$0 |
$5 |
$0 |
$0 |
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eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.
Check out our eToro review tailored to the needs of beginner investors and traders.
eToro serves UK clients through a unit of measurement regulated by the Financial Comport Authority (FCA) and Australians through an Australian Securities and Investment Committee (ASIC)-regulated entity. All other customers are served by a Cypriot unit of measurement that is regulated past the Cyprus Securities and Exchange Commission (CySEC).
eToro is non listed on whatsoever stock exchange, does not disclose its annual report on its website and does not take a depository financial institution parent.
Beingness regulated by the superlative-tier FCA and ASIC is a adept sign for eToro’south condom.
HEADS Upwardly: Minimum deposit based on residency and account activation –
Be sure to check the minimum deposit required to actuate your account. After uploading your documents, a deposit is also needed to exist available to trade and it would exist based on your residency, ranging from $ten-$10,000. More details are available in the eToro review’southward Business relationship opening section.
Disclaimer:
CFDs are complex instruments and come with a high take a chance of losing money rapidly due to leverage.
68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you sympathize how CFDs work and whether yous tin can afford to have the high risk of losing your money.
Recommended for
traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading
| Pros | Cons |
|---|---|
|
• Free stock and ETF trading |
• High non-trading fees |
|
• Seamless account opening |
• Only one account base currency |
|
• Social trading |
• Customer support should be improved |
#iii eToro
Fees
eToro offers complimentary stock and ETF trading, while forex and CFD fees are depression. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
| Pros | Cons |
|---|---|
|
• Low trading fees |
• Inactivity fee |
|
• Free stock and ETF trading |
• $5 withdrawal fee |
|
• Low forex and CFD fees |
Interactive Brokers |
Saxo Bank |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| United states of america stock | $1.0 |
$10.0 |
$0.0 |
$0.0 |
– |
| Great britain stock | $4.two |
$11.2 |
$0.0 |
– |
– |
| EURUSD criterion fee | $10.iv |
$7.1 |
$7.8 |
– |
$8.eight |
| Us stock index options | $6.5 |
$30.0 |
– |
$7.v |
– |
| Mutual fund | $15.0 |
$0.0 |
– |
– |
– |
| Due south&P 500 index CFD fee | $2.eight |
$1.2 |
$ane.5 |
– |
$1.4 |
All commissions, spreads and financing rates (if applicable) for opening a position, belongings for a week, and closing.
#3 eToro
Mobile trading platform
eToro’s mobile platform is well-designed, intuitive and considered safe thanks to the two-step and biometric login functions.
| Pros | Cons |
|---|---|
|
• Ii-step (safer) login |
None |
|
• Good search function |
|
|
• Touch/Face ID login |
#3 eToro
Deposit and withdrawal
Depositing money is like shooting fish in a barrel, with a lot of available options, although there is a $5 withdrawal fee. Every bit but USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available |
• Just 1 account base currency |
|
• User-friendly |
• $5 withdrawal fee |
|
• Conversion fee for non-USD deposits |
Interactive Brokers |
Saxo Banking concern |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Bank transfer | Yes |
Yes |
Aye |
Yes |
Yeah |
| Credit/debit card | No |
No |
Aye |
No |
Yeah |
| Electronic wallets | No |
No |
Yep |
No |
Yes |
| Withdrawal fee | $0 |
$0 |
$5 |
$0 |
$0 |
tastyworks is a young, up-and-coming Us banker focusing on options trading. It is regulated by the height-tier Securities and Commutation Commission (SEC), the Financial Manufacture Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients.
The people backside tastyworks are the same experts who built the thinkorswim trading platform, now operated by TD Ameritrade. tastyworks is privately owned; information technology was established in 2017 and is headquartered in Chicago.
Recommended for
options and futures traders focusing on us markets
| Pros | Cons |
|---|---|
|
• Depression trading fees |
• Limited product selection |
|
• Not bad educational materials |
• Few deposit and withdrawal options |
|
• Adept research tools |
• No demo account |
#iv tastyworks
Fees
tastyworks has low trading fees and there is no inactivity fee. On the other mitt, y’all take to pay a high withdrawal fee for wire transfers and margin rates are quite high.
| Pros | Cons |
|---|---|
|
• No inactivity fee |
• High margin rates for stock trading |
|
• Free stock trading |
• Withdrawal fee for banking concern (wire) transfers |
|
• Low options fees |
Interactive Brokers |
Saxo Bank |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Usa stock | $i.0 |
$x.0 |
$0.0 |
$0.0 |
– |
| UK stock | $iv.two |
$11.ii |
$0.0 |
– |
– |
| EURUSD benchmark fee | $10.4 |
$7.1 |
$7.viii |
– |
$viii.8 |
| United states stock index options | $half-dozen.5 |
$thirty.0 |
– |
$7.five |
– |
| Mutual fund | $15.0 |
$0.0 |
– |
– |
– |
| S&P 500 index CFD fee | $2.eight |
$1.2 |
$1.5 |
– |
$1.4 |
All commissions, spreads and financing rates (if applicable) for opening a position, belongings for a calendar week, and closing.
#4 tastyworks
Mobile trading platform
tastyworks’southward mobile platform is very similar to its web platform. It is well organized but feels complicated, and information technology also lacks price alerts.
| Pros | Cons |
|---|---|
|
• User-friendly |
• No cost alerts |
|
• Impact/Confront ID login |
|
|
• Club confirmation |
#four tastyworks
Deposit and withdrawal
tastyworks’south deposit and withdrawal functions are piece of cake to use and there’s no deposit fee, but yous tin utilise only banking concern transfer, and withdrawals can be expensive especially for non-US clients.
| Pros | Cons |
|---|---|
|
• No deposit fee |
• Credit/Debit card not available |
|
• User-friendly |
• Loftier fee for wire withdrawals |
|
• Free ACH withdrawals in the Us |
Interactive Brokers |
Saxo Banking company |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Bank transfer | Yes |
Yes |
Yep |
Yeah |
Yes |
| Credit/debit bill of fare | No |
No |
Yes |
No |
Yes |
| Electronic wallets | No |
No |
Yep |
No |
Yes |
| Withdrawal fee | $0 |
$0 |
$five |
$0 |
$0 |
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several regime globally, including the top-tier U.k. Financial Acquit Authorisation (FCA). The company is also listed on the London Stock Exchange.
Having a long track record, being listed on a stock substitution and being regulated past top-tier authorities are cracking signs for CMC Markets’ reliability.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money apace due to leverage.
69% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for
forex and cfd traders looking for an advanced trading platform with many research tools
| Pros | Cons |
|---|---|
|
• Low forex fees |
• High stock CFD fees |
|
• Great web and mobile platforms |
• Only CFDs are available |
|
• Advanced research and educational tools |
• Client support only 24/5 |
#5 CMC Markets
Fees
CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.
| Pros | Cons |
|---|---|
|
• Low forex fees |
• High stock CFD fees |
|
• No withdrawal fee |
Interactive Brokers |
Saxo Banking company |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Us stock | $1.0 |
$ten.0 |
$0.0 |
$0.0 |
– |
| United kingdom of great britain and northern ireland stock | $four.2 |
$11.2 |
$0.0 |
– |
– |
| EURUSD benchmark fee | $ten.iv |
$7.i |
$7.8 |
– |
$8.eight |
| US stock index options | $6.v |
$30.0 |
– |
$7.v |
– |
| Common fund | $fifteen.0 |
$0.0 |
– |
– |
– |
| S&P 500 index CFD fee | $ii.viii |
$1.2 |
$1.5 |
– |
$1.4 |
All commissions, spreads and financing rates (if applicative) for opening a position, holding for a week, and closing.
#v CMC Markets
Mobile trading platform
The CMC Markets app shares the strengths of the web platform: a mod design with a strong guild console and search functions likewise as safety two-step login.
| Pros | Cons |
|---|---|
|
• User-friendly |
None |
|
• Proficient search role |
|
|
• Skilful variety of order types |
#v CMC Markets
Deposit and withdrawal
Y’all tin apply multiple eolith/withdrawal options and CFD account base currencies. Withdrawals are mostly gratuitous, except for aforementioned-mean solar day or international depository financial institution withdrawals.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available |
• £15 fee for international banking company transfers |
|
• No deposit fee |
|
|
• Several account base of operations currencies |
Interactive Brokers |
Saxo Bank |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Bank transfer | Yep |
Yes |
Yep |
Yeah |
Yep |
| Credit/debit card | No |
No |
Yes |
No |
Yes |
| Electronic wallets | No |
No |
Yes |
No |
Yeah |
| Withdrawal fee | $0 |
$0 |
$v |
$0 |
$0 |
Now that you know the top 5, yous probably want to know how we came up with this list. Allow’s go through a few points apace.
Are these brokers reliable?
Absolutely. You lot tin be certain none of them is a scam. They are all regulated by at to the lowest degree one top-tier regulator.
How did BrokerChooser option the all-time online brokers?
At BrokerChooser, we exam online brokers based on more than 500 criteria, with existent accounts and real money. We don’t want to overwhelm you, so we volition listing only the top 5 criteria.
| 1. Fees | Trading fees for a given stock trade tin be l times college at i online broker compared to another. The brokers listed here all have low fees. |
| 2. Deposit and withdrawal | At some online brokers, funding and withdrawing funds tin can have much longer and be much more than expensive than at others. |
| 3. Trading platform | A user-friendly and well-equipped trading platform tin can significantly increase your trading comfort. |
| 4. Account opening | Some online brokers require a minimum eolith to start investing while others don’t inquire for a fix first-time deposit. Check these requirements before opening an account. |
| 5. Markets and products | Want to invest in Japanese stocks or merchandise Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so yous can trade many asset types. |
These were the details, now let’s zoom out. Hither are
the all-time international online brokers in 2022 for residents in New Zealand:
Interactive Brokers |
Saxo Banking company |
eToro |
tastyworks |
CMC Markets |
|
|---|---|---|---|---|---|
| Overall score | four.9 |
iv.eight |
four.7 |
4.7 |
4.5 |
| Fees score | 4.5 stars |
three.three stars |
4.three stars |
4.3 stars |
3.6 stars |
| Mobile platform score | 3.five stars |
five.0 stars |
four.7 stars |
4.2 stars |
5.0 stars |
| Deposit and withdrawal score | 3.0 stars |
4.eight stars |
three.9 stars |
1.9 stars |
4.8 stars |
| Account opening score | 3.2 stars |
ii.0 stars |
5.0 stars |
5.0 stars |
4.2 stars |
| Markets and products score | 5.0 stars |
5.0 stars |
4.three stars |
3.1 stars |
ii.half-dozen stars |
Visit banker |
Visit broker |
Visit broker 68% of retail CFD accounts lose money |
Visit banker |
Visit broker 69% of retail CFD accounts lose money |
Interactive Brokers is our winner, the best international online broker in New Zealand in 2022. Low trading fees. Broad range of products. Many great enquiry tools.
Even so unsure? For a
tailored recommendation, check out our broker finder tool. If yous enter the name of your state, information technology will show merely the brokers that are relevant to you.
Want more details?
Compare brokers with the help of this detailed comparison table.
Source: https://brokerchooser.com/best-brokers/best-international-online-brokers-for-citizens-in-new-zealand
