Compare 4 best CFD brokers in New Zealand 2024

We review 63+ of the best CFD trading platforms in New Zealand to find the most secure brokers with low spreads.
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Updated: May 9, 2024
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This detailed investing guide is the result of our extensive research. We’ve picked out the top CFD trading platforms that offer the best service to help you start CFD trading in New Zealand.

To identify the best services, we created a checklist of key criteria that a New Zealand CFD broker must meet in order to earn a high ranking. The features it must offer include:

  • Regulatory approval from the Financial Markets Authority (FMA), the financial regulator in New Zealand
  • A low-cost way to trade CFDs in New Zealand
  • A free demo account for beginners
  • A significant number of available trading instruments, including stocks, forex, commodities, and crypto CFDs where available

The results are clear: Our panel recommends Plus500 as the best CFD broker in New Zealand for 2024.

Best CFD brokers New Zealand

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Alongside Plus500 , a number of other New Zealand CFD brokers impressed the experts. We rank these platforms highly, as CFD trading platforms in New Zealand that offer a secure, simple, and low cost trading experience.

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1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 250
Best offer
User Score
9.8
Zero Commission when trading US shares, only £3 commission for UK shares. Additionally, there’s an FX conversion fee of just 0.5%
Explore a vast range of stocks with 13,000+ options, including popular companies like Amazon, Apple, Tesla, and Netflix.
Offers longer trading hours, allowing you to access markets even when they’re closed elsewhere.
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)

Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come  with a high risk of losing money rapidly due to leverage. 73% 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. 

3
Min. Deposit
$ 100
Best offer
User Score
9.6
Competitive trading commissions
Premium VPS service with ultra-fast speed
Customer support available in 25 languages
Start Trading
Payment Methods:
Full Regulations:
ASIC, CySEC, FCA, FSA
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Our top 4 best CFD trading platforms in New Zealand, reviewed & compared

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1. Plus500. Best for international CFD trading*

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From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Admirals. Best for real time news and price data

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Admirals_logo

From $0.02 per share

Fees

$100,000

Minimum deposit

8,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Multi-asset and globally regulated broker Access a 30 day risk-free demo account Advanced trading and charting tools World class trading software, with MT4, MT5 & MetaTrader Supreme Edition available Lots of educational resources, including webinars and seminars Access real-time market data and news Competitive, low spreads
Not available to US traders No fixed spreads

Overview

We love Admirals because you can invest in more than 8,000 assets with as little as €1. Thousands of stocks and hundreds of ETFs are available from around the world, which means Admirals is a great investment platform where you can create a diversified portfolio.

There’s a demo account available so you can try out the Admirals platform and a vast amount of information can be accessed for free. That includes a host of real time news and research, as well as the latest price charts.

The fees: Shares & ETFs fees vary depending on the asset itself. Spreads start from 0.5 and each transaction is charged a commission from $0.02 per share.

Highlights

Visit Admirals Admirals Review

Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come  with a high risk of losing money rapidly due to leverage. 73% 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. 

3. AvaTrade. Best regulated broker for secure trading

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From 0.13%

Fees

$100

Minimum deposit

1,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform
Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Overview

We love AvaTrade because it offers powerful trading software to anyone who wants to trade professionally. AvaTrade is a CFD broker where you can trade more than 600 stocks from major global exchanges and all stock trades are commission free. 

AvaTrade integrates with trading software like MetaTrader 4 and 5 and boasts its own bespoke and award-winning mobile app software, AvaTradeGo. AvaTrade has been around since 2006 and is extensively regulated in Europe, Australia, Japan, British Virgin Islands, UAE, and South Africa.

The fees: There are no fees on any stock trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13%. An inactivity fee of £50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Visit AvaTrade AvaTrade Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

4. Pacific Union. Best for social trading & customer support

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pacific union logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

70+ forex pairs and 200+ financial assets available to trade Extremely low minimum trade sizes Multilingual support in 18+ languages
Minimum withdrawal of $100 Fewer assets than many competitors

Overview

We love Pacific Union because its beginner friendly platform comes loaded with lots of educational content, including how to guides and video learning. Pacific Union offers over 200 stock CFDs for some of the world’s biggest companies.  

It’s an award-winning broker and has a proprietary social trading application that makes it easy for beginners to follow the strategies and positions of the platform’s top traders. Pacific Union uses the popular Metatrader 4 software alongside its mobile and web based apps. Traders can choose the amount of leverage they want to use, all the way up to 500:1.

The fees: Commission starting at 0.1 points is charged on select stock CFDs across all account types. Spread starts at 0.5 points and applies to all stocks. Swap charges for holding a trade overnight vary depending on size.  

Highlights

Visit Review
Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.
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Yes, you can legally trade CFDs in New Zealand. However, certain aspects of CFD trading are regulated by the Financial Markets Authority (FMA). The restrictions generally work in your favour, as they are designed to protect traders from large, unexpected losses.

Primarily this means there are limitations on the amount of leverage that CFD brokers in New Zealand can offer, along with a limit on the maximum losses any retail customer account can experience. In addition, they must clearly warn traders of the risks involved so you can make informed trading decisions.

How to find a reliable CFD broker in New Zealand

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The key features that separate the best CFD broker in New Zealand from the rest are security, cost, the range of markets available. Keep those in mind and you won’t run into too many problems. 

If you need more help making up your mind, use this short Q&A to find the best CFD trading platform in New Zealand.

Are CFD brokers in New Zealand regulated?

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Yes, CFD trading platforms in New Zealand are licensed and regulated by the Financial Markets Authority (FMA). The Financial Markets Authority (FMA) sets the rules on New Zealand CFD trading, such as how much leverage is available when you trade a contract for difference (CFD), along with which assets and markets are available.

Region Plus500 regulators Admirals regulators
Africa FSA CMA, FSCA, FSA, CIPC
Asia JSC
Australasia ASIC, FMA ASIC
Europe FCA, CySEC FCA, CySEC, EFSA, MiFID II, FSA
International
North America CIRO
South America
View more > Plus500 > Admirals >

How else do CFD trading platforms in New Zealand protect me?

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The top CFD brokers in New Zealand offer negative balance protection, which is a form of insurance that protects you from losing more money than you have in your account. This is particularly useful if you use leverage or short CFDs, as it’s possible to lose significantly more than the initial value of your trade.

A Kiwi CFD broker should also protect you by providing Two Factor Authentication (2FA) to secure your account and with a customer service line that’s always open and available to help. 

What types of Kiwi CFD brokers are there?

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Most of the time, you’re going to be dealing with market makers. A market maker is a CFD broker in New Zealand that effectively creates a market for any asset at all times, so you can always buy or sell.

Other forms of New Zealand CFD brokers include direct market access (DMA) brokers or STP/ECN brokers. These offer faster trade execution or allow you to buy and sell from other traders directly, rather than through an intermediary. Though the truth is that these services are geared towards professional or high volume traders, rather than casual users.

How much do CFD brokers in New Zealand cost?

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Most CFD brokers in New Zealand offer no-commission trading, so you don’t have to pay each time you make a trade. However, the costs come elsewhere, usually in the form of the spread.

The spread is the difference between the buy and sell price of a contract for difference (CFD). The best New Zealand CFD trading platforms make money by taking a cut of that difference, so you can compare the costs of using different platforms by comparing the spreads. The lower the difference between the buy and sell price, the more cost-effective a platform is.

Here are the types of fees you may encounter when using a CFD broker in New Zealand:

Fee Plus500 fees Admirals fees
Trading fees No Yes
Inactivity fees Yes Yes
Rollover/overnight fees Yes Yes
Withdrawal fees No Yes
Spreads Yes Yes
Conversion fees Yes Yes
View more > Plus500 > Admirals >

Here are the spreads for the top 3 CFD brokers in New Zealand:

Product Plus500 spreads Admirals spreads
Stock CFDs 0.10% From 0.5 pips
ETF CFDs 0.10% From 0.5 pips
Forex CFDs 0.8 pips From 0.5 pips
Crypto CFDs 2% From 0.5 pips
Index CFDs 0.20% From 0.5 pips
Commodity CFDs 0.50% From 0.5 pips
View all tradable assets > Plus500 > Admirals >

Which assets can I trade through a New Zealand CFD broker?

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Any CFD broker in New Zealand will offer currency and commodity markets. CFDs are the most common way to trade forex and commodities like gold and oil.

Then the rules can change depending on the whims of the Financial Markets Authority (FMA). Generally, you can trade stock CFDs, though the available companies may vary. In addition, you may be able to trade:

  • Crypto CFDs
  • ETF CFDs
  • Indices CFDs

Though the regulation for crypto CFDs, in particular, can change rapidly.

To buy and sell the underlying assets, rather than using CFDs, consider using the best trading platform in NZ, the best Kiwi forex broker, or the best crypto exchange in New Zealand.

Product Plus500 assets Admirals assets
Stock CFDs 1,800+ 3,000+
ETF CFDs 100+ 370+
Forex CFDs 50+ 80
Crypto CFDs 40+ 30+
Index CFDs 20+ 43
Commodity CFDs 20+ 29
View more > Plus500 > Admirals >

Note that all listed instruments on Plus500 are available to trade as CFDs.

Can I use leverage to trade CFDs in New Zealand?

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Yes, it’s common and legal to trade CFDs with leverage in New Zealand. The maximum permitted leverage is set by the Financial Markets Authority (FMA), and all CFD brokers in New Zealand must abide by those rules.

In reality, each CFD broker in New Zealand also offers differing leverage on different assets. Currency pairs offer the most leverage, as it’s a vital part of successful forex trading, while stock and crypto CFDs generally offer the lowest.

Product Plus500 maximum leverage Admirals maximum leverage
Stock CFDs 1:5 From 1:5
ETF CFDs 1:5 From 1:5
Forex CFDs 1:30 From 1:20
Crypto CFDs 1:2 1:2
Index CFDs 1:20 From 1:10
Commodity CFDs Up to 1:20 From 1:10
View more > Plus500 > Admirals >

Are there any other ways to trade?

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Yes, one of the most appealing aspects of CFD trading for beginners is the fact you can use CFDs to trade for and against the market. Shorting is when you place a trade on an asset or market to fall in value, and is a very popular way to trade.

Because of that, you can also use CFDs to hedge other trades that you have open. This is where you place a trade on the opposite position to one you made previously. It’s used as a risk management strategy to minimise losses or lock in profit in case something changes.

Do CFD platforms in New Zealand offer professional trading accounts?

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Yes, generally they do, although the qualifications can be steep. Most of the best trading platforms in New Zealand offer a retail account to all users, then provide faster execution speeds or lower spreads to high volume users who must meet certain capital requirements.

These accounts are only accessible to a small number of people, who have both significant starting funds and a high annual turnover. Unless you can supply the equivalent of at least $500,000 as a qualifying deposit, it’s unlikely you’ll be able to sign up to a professional account with any Kiwi CFD provider.

How to start trading CFDs in New Zealand

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Follow this guide to learn how to use a CFD trading platform in New Zealand and to place your first CFD trade.

Step 1. Create an account

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Choose the best CFD broker in New Zealand and sign up with your email and contact details. You may be asked to supply some photo ID to meet Financial Markets Authority (FMA) regulations.

Step 2. Deposit some money

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Fund your account with your favoured payment method. Most CFD brokers in New Zealand accept bank transfers, card payments, and some e-wallets like PayPal.

Step 3. Choose what to trade

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Search for the asset you want to trade. Stock CFDs can be found by searching for the correct ticker symbol, and the same is true for currency pairs, commodities, and crypto CFDs as well.

Step 4. Decide whether to go long or short, and set your position size

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Choose whether to buy (go long) or sell (short) the asset. Then enter how much you want to trade (this is known as the ‘margin’) and how much leverage you want to use.

Step 5. Finalise the trade

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Check the details and execute the trade once you’re happy with it. After that, keep monitoring the position regularly until you’re ready to close it out. Consider setting stop-loss limits to protect you from unexpected swings in the market.

Choose a CFD broker

To summarise

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CFD trading is a popular and accessible way to trade for all New Zealand users, but there are a few risks as well. Kiwi CFD providers give you access to global markets and a greater range of trading options, so you can back markets to go both up and down.

However, using leverage can lead to significant losses and, with CFDs, you don’t own the underlying assets themselves, so you have less investor protection than – for example – company shareholders.

This guide picks out the 4 best CFD brokers in New Zealand, based on their cost, accessibility, and the range of products available. Once you fully understand the pros and cons, choose any of the top CFD trading platforms above to get started with. It only takes a few minutes to start trading CFDs in New Zealand. 

FAQs

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Which CFD broker in New Zealand has the lowest spreads?
Which CFD broker in New Zealand has the most stocks to trade?
Which CFD trading platform in New Zealand has the best mobile app?
Which CFD broker in New Zealand has the best leverage & margin rates?
Do I have to pay tax on money I make from CFD trading in New Zealand?


Fact-checking & references
Risk disclaimer
James Knight
Editor of Education

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.