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Brokers With NZD Accounts

Written By

Jemma Grist

Written By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Fact Checked By

Michael MacKenzie

Fact Checked By

Michael MacKenzie

Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Updated

Jul 3, 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 1 brokers that support NZD accounts:

Click a broker for details

1. 1

   
   Zacks Trade
   Go To Zacks Trade

   Zacks Trade Review

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   Minimum Deposit $2500

   Minimum Trade $3

   Leverage

   Regulator FINRA

   Instruments Stocks, ETFs, Cryptos, Options, Bonds

   Platforms Own

   Payment Methods Wire Transfer, ACH Transfer, Cheque

   Account Currencies USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

   Go To Zacks Trade

Here is a short summary of why we think each broker belongs in this top list:

1. 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.

Brokers With NZD Accounts Comparison

Brokers With NZD Accounts Comparison

Broker	NZD Account	Minimum Deposit	Markets	Regulator
	✔	$2500	Stocks, ETFs, Cryptos, Options, Bonds	FINRA

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

• Customizable proprietary trading platform and mobile app
• 20+ account denominations
• Demo account

Cons

• Shortcomings regarding platform loading times and technical glitches
• No MT4 or MT5 platform integration
• Withdrawal fees apply if removing funds more than once per month

Visit Zacks Trade

Zacks Trade Review

How Did We Choose The Best Brokers?

To identify the best NZD brokers, we:

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:

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:

1. Go to the broker’s website and navigate to the account types page
2. Check that NZD is listed as a supported account currency
3. Register for an account and select NZD as your base currency

Pros & Cons Of NZD Trading Accounts

Pros

Cons

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.