Best Brokers With NZD Accounts 2025
Dig into our top brokers offering NZD accounts, based on testing, reducing conversion fees and optimizing the experience for traders in New Zealand.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
New Zealand Dollar (NZD)
Showing top 5 of 16 matching brokers.
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1Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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2IC Markets is a renowned forex and CFD broker recognized for its high-quality pricing, extensive range of trading tools, and superior trading technology. Established in 2007 in Australia, it operates under the oversight of ASIC, CySEC, and FSA. It has drawn in over 180,000 traders from across 200 countries.
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3Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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4IC Trading, a component of the larger IC Markets group, is designed for high-level traders. It offers favorable spreads, dependable order execution, and sophisticated trading instruments. However, it's registered in Mauritius, an offshore financial center with limited regulation, which allows it to provide high leverage.
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5Pepperstone, established in Australia in 2010, is a highly-regarded forex and CFD broker serving more than 400,000 international clients. It provides access to over 1,300 instruments through leading trading platforms such as MT4, MT5, cTrader, and TradingView, while keeping fees relatively low and transparent. The company is regulated by known authorities including FCA, ASIC, and CySEC, offering a safe trading environment for all.
Compare Brokers With NZD Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Maestro, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
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BPAY, Credit Card, Klarna, Mastercard, Neteller, PayPal, POLi, Rapid Transfer, SafeCharge, Skrill, Swift, UnionPay, Visa, Wire Transfer | |
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Airtel, AstroPay, Bitcoin Payments, Boleto, Cashu, Credit Card, Debit Card, FasaPay, M-Pesa, Mastercard, Neteller, Perfect Money, Skrill, Sticpay, Visa, WebMoney, Wire Transfer | |
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Credit Card, Debit Card, Mastercard, Neteller, PayPal, Visa, Wire Transfer | |
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Apple Pay, BPAY, Credit Card, Debit Card, Google Wallet, Mastercard, Neteller, PayPal, PIX Payment, POLi, Skrill, UnionPay, Visa, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | 1:200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
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✓ | $200 | 0.01 Lots | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
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✓ | $10 | 0.01 Lots | 1:Unlimited | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
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✓ | $200 | 0.01 Lots | 1:500 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures | MT4, MT5, cTrader, AutoChartist, TradingCentral |
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✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With NZD Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With NZD Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With NZD Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $10 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With NZD Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✗ | ✗ | ✗ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:Unlimited | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✓ | ✗ | ✗ | ✗ | 1:500 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With NZD Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✓ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With NZD Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With NZD Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✗ | $0 | 0.02 | 0.02 | BTC 42.036 | |
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✗ | $0 | 0.5 (Apple Inc.) | 0.0 | Floating | |
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✗ | ✗ | Variable | 0.1 | Floating | |
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✓ | $0 | 0.02 | 0.1 | BTC 30, ETH 0 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With NZD Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Exness |
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| Pepperstone |
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| Dukascopy |
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| IC Markets |
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| IC Trading |
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Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- IC Markets won DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its top-notch MetaTrader integration, perfected over years to enhance the platform experience.
- IC Markets provides some of the smallest spreads in the industry, offering 0.0-pip spreads on major currency pairs. This makes trading particularly cost-efficient for traders.
- IC Markets, a well-regulated and respected broker, emphasizes client security and transparency for a trustworthy global trading experience.
Cons
- IC Markets have a selection of metals and cryptos for trading through CFDs, but their range is not as wide as brokers such as eToro. This may limit options for traders who are interested in these asset types.
- Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
- Fast and reliable 24/7 multilingual customer support through phone, email, and live chat, validated by practical tests.
Cons
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
- Exness has increased its variety of CFDs and introduced a copy trading feature, but it still lacks real assets like ETFs, cryptocurrencies, or bonds.
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
Why Trade With IC Trading?
IC Trading's fast execution speeds, strong liquidity, and advanced charting software provide an ideal environment for scalpers, traders, and algorithmic traders.
Pros
- Trading Central and Autochartist are useful for technical summaries and practical trading ideas. You can access them from your account area or the cTrader platform.
- The digital account opening process is efficient, enabling traders to quickly start trading without a lot of paperwork. The process takes only a few minutes in testing.
- IC Trading offers leading spreads, such as 0.0-pip spreads on major currencies like EUR/USD. This makes it suitable for traders.
Cons
- During testing, customer support was disappointing. Multiple attempts to reach out through live chat were unsuccessful and emails went unanswered. This raises concerns about their capacity to handle urgent trading issues.
- Though IC Trading is part of the reputable IC Markets group, it only holds authorization from a less recognized regulator, the FSC of Mauritius. This results in diminished financial transparency and regulatory protections.
- The educational resources need enhancement, particularly for beginners who seek a thorough learning experience, contrasted to top-ranking platforms like eToro. This issue is lessened if you visit the IC Markets website, but it can present a challenge for traders.
Why Trade With Pepperstone?
Pepperstone is a leading choice for trading with low spreads, quick execution, and advanced charting for experienced traders. New traders benefit from no minimum deposit, a wealth of educational resources, and 24/7 support. Operating under ASIC regulation, Pepperstone is a top option for Australian traders and won DayTrading.com's 'Best Aus Broker' award for 2025.
Pros
- Pepperstone has won several annual DayTrading.com awards, including 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner-up in 2025.
- Pepperstone provides impressive transaction completion speeds, averaging about 30ms. This allows for quick order processing and execution, making it suitable for traders.
- Pepperstone now offers spread betting via TradingView, enabling tax-efficient trading with sophisticated analysis tools.
Cons
- Pepperstone's demo accounts last for 30 days. This might be insufficient for learning the various platforms and testing trading strategies.
- Pepperstone does not support cTrader Copy, a popular feature in the cTrader platform available at alternatives like IC Markets, though it has launched an intuitive copy trading app.
- Despite market improvements, the crypto options provided are fewer compared to other brokers like eToro, with no chance to buy actual coins.
Go to Pepperstone
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1%76.3%74.6%81.8% of retail investor accounts lose money when trading CFDs.
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Methodology
To identify the best brokers offering NZD-denominated accounts, we utilized our evolving database, which spans hundreds of online brokers globally.
We pinpointed the platforms that allow clients to deposit, withdraw, and trade in New Zealand Dollars (NZD).
Rankings were then determined based on comprehensive analysis using 200+ metrics, including fees, platform usability, and regulatory compliance, all supported by hands-on testing feedback.
What Is an NZD Account?
An NZD account is a trading account in which all transactions, profits, and losses are recorded in New Zealand Dollars. This account type is tailored for traders whose primary currency is NZD.
While NZD accounts are less common than USD accounts and AUD accounts from our analysis, they remain advantageous for New Zealand-based traders or investors operating in NZD.
Benefits of an NZD account:
- Avoiding Currency Conversion Costs: By trading directly in NZD, you eliminate fees associated with converting funds to USD or other foreign currencies, which is particularly beneficial when funding your account or withdrawing profits.
- Simplified Financial Management: For New Zealand residents, having an NZD account aligns with local currency needs, simplifying bookkeeping, tax reporting, and cash flow management.
- Hedging Against FX Volatility: If your income, investments, or financial commitments are tied to NZD, an NZD account protects against adverse exchange rate fluctuations.
- Localized Opportunities: Investing in NZD-denominated instruments or accessing New Zealand markets becomes more straightforward and cost-efficient.
How Do I Open an NZD Account?
Opening an NZD trading account is a breeze. Here are the steps:
- Choose a Broker: Select a broker offering NZD as a base currency option. Look for competitive fees, access to trading platforms and instruments, and regulatory compliance (e.g., brokers regulated by New Zealand’s Financial Markets Authority, or FMA).
- Register an Account: Complete the broker’s sign-up process by providing identification, proof of address, and any other required details.
- Select NZD as Your Base Currency: During the account setup, choose NZD as your primary currency.
- Fund Your Account: Deposit funds directly in NZD or convert other currencies to NZD using the broker’s platform.
- Start Trading: Once your account is funded, you can trade financial assets without worrying about currency conversion costs.
As an example, you can see below where I created an NZD trading account with IC Markets.
Opening an NZD account with IC Markets
Should I Use an NZD Trading Account?
An NZD trading account could be the ideal choice if you meet the following criteria:
- You Live in New Zealand: Having an account denominated in your local currency makes financial planning, tax reporting, and transactions much simpler.
- You Actively Trade NZD-Denominated Assets: For portfolios that include NZX-listed stocks, Kiwi bonds, or NZD-based ETFs, trading in NZD eliminates unnecessary exchange rate fees.
- You Want to Hedge Currency Risks: If you earn, save, or spend primarily in NZD, an NZD account shields you from unfavorable exchange rate movements when funding or withdrawing.
- You Invest Locally: If you prioritize investments in New Zealand’s economy, an NZD account ensures seamless transactions.
What Are the Limitations of an NZD Account?
- Exposure to NZD-Related Risks: If the NZD weakens relative to other currencies, your holdings’ value may decline when engaging in international transactions.
- Limited Access to Global Markets: Some brokers with NZD accounts may not offer direct access to foreign markets (e.g., US stocks or EU financial instruments) without incurring currency conversion costs.
- Restricted Broker Availability: Fewer brokers globally support NZD as a base currency compared to USD, EUR or AUD, which can limit your options when choosing a platform.
- Higher Costs with Smaller Brokers: NZD accounts are sometimes provided by local or regional brokers, some of which may charge higher spreads, commissions, or platform fees compared to larger, global brokers offering USD accounts.
- Currency Conversion When Trading Foreign Assets: Even with an NZD account, trading foreign assets priced in USD, EUR, or other currencies may involve conversion fees, which could erode profits on those trades.