Best CFD Brokers in New Zealand 2022


Looking for the best CFD brokers in New Zealand? Look no further! In this article on AtoZ Markets, we will discuss some of the top CFD brokers in New Zealand and what makes them stand out from the competition. We will also provide you with a few tips on how to choose the right broker for your needs. So, whether you are just starting out or you are a seasoned trader, read on for the best information about CFD brokers in New Zealand.

As you may already know, a CFD (Contract for Difference) is a type of financial contract that allows traders to speculate on the price movements of underlying assets. These assets can be anything from stocks and shares to commodities and currencies. In simple terms, when you trade CFDs, you are essentially betting on whether the price of an asset will go up or down. If your prediction is correct, you will make a profit. If it is incorrect, you will incur a loss.

Best CFD Brokers in New Zealand

Best CFD Brokers in New Zealand

Now that we have covered what CFDs are and how they work, let’s take a look at some of the best CFD brokers in New Zealand regulated by the Financial Markets Authority (FMA).

Plus500

One of the top CFD brokers in New Zealand is Plus500. Plus500 is a leading online CFD trading platform that offers a wide range of financial instruments to trade, including forex, shares, indices, commodities, and ETFs. The company is listed on the London Stock Exchange and is regulated by the FCA.

Plus500

image credit: Plus500

Plus500 Regulations

Plus500 is regulated by different reputable regulatory authorities around the world. In New Zealand, Plus500 Ltd is regulated by the Financial Markets Authority. 

Check out all the regulations of Plus500.

United Kingdom: Plus500UK Ltd is authorized & regulated by the FCA (#509909).

New Zealand: Plus500 is licensed and regulated by the Financial Markets Authority (FMA) (FSP 486026).

Cyprus: Plus500CY Ltd is authorized & regulated by CySEC (#250/14).

Singapore: Plus500SG Pte Ltd, is licensed and regulated by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).

Australia: Plus500AU Pty Ltd (ACN 153301681) is licensed by ASIC, AFSL #417727. 

South Africa: Plus500 is authorised by FSCA, FSP #47546. 

Seychelles: Plus500SEY Ltd is authorized & regulated by the Seychelles Financial Services Authority (#SD039).

Plus500 Trading Platforms

Plus500 uses a proprietary trading platform (web browser platform). It's accessible from any browser. You can also download the desktop version on your PC/laptop. They don't have MT4 or MT5. They also have Android and iOS apps.  

Plus500 Products

They offer 60+ Currency pairs, 17+ Cryptocurrencies, most popular Indices, Commodities  (Gold, Oil and Silver), Popular shares, Options, and ETFs. Spreads of Plus500 vary depending on the instruments you are trading.

Leverage varies from 1:2 for Cryptos to 1:30 for Forex.

Read More: Best Forex Brokers in New Zealand 2022

Cost of Plus500

Plus500 does not charge any trading fees. Instead, they make money through spreads and swap. However, if an account is inactive for 3 months, there is a $10 monthly inactivity fee. The minimum deposit is $100. Withdrawal limits vary depending on the withdrawal method used. This information can be found on the Plus500 platform under the withdrawal tab.

Customer Support

Plus500 trading app offers support in 32 languages, including English, German, Greek, Italian, Spanish, French, Finnish, Danish, Swedish, Estonian, Russian, Romanian, Hebrew, Arabic, and Traditional and Simplified Chinese. 

The platform offers 24/7 support via email and chat. You will find an answer to most questions via the FAQ section. However, if the clients cannot find the query in the FAQ then they can start an online chat.

Read Full Review of Plus500

Pros and Cons of Plus500

Pros

√ Access to over 2000 CFDs

√ A user-friendly and practical platform

√ Regulated by many regulatory authorities

√ Guaranteed stop loss orders

√ Protection against negative balance

Cons

- Customer support is not available via phone call

- It does not take U.S. clients

- The trading platform can't be used with other tools for trading or platforms

Want to trade with Plus500? You can do so by clicking the following link:

TMGM

This Forex broker which was formerly known as TradeMax Global Markets and it is based in Australia. TMGM was founded in 2013 and from what we see their online presence has been growing ever since. Nowadays, TMGM has a presence in over 150 countries. 

tmgm review

image credit: TMGM

TMGM Regulations

TMGM is multi licensed and regulated by 3 reputable regulatory bodies, namely: 

Australia: TMGM is licensed and regulated by the Australian Security and Investment Commission (Registration no. 436416)

New Zealand: TMGM is licensed and regulated by the Financial Markets Authority in New Zealand (FSP No. 569807)

Vanuatu: They are regulated by the Vanuatu Financial Services Commission (Registration no. 40356)

TMGM Trading Platforms

TMGM offers different trading platforms.

MT4

IRESS

Webtrader

MT4 

There are a few different trading platforms available to traders who want to use TMGM. The most popular platform among TMGM clients is the MetaTrader 4 (MT4) platform. This platform is used by the majority of forex brokers and is very user-friendly. It offers a variety of features and tools that can be used by both novice and experienced traders.

IRESS

This is the next generation web based trading platform designed for professional traders

The IRESS Modular Templates allow you to see both the true market depth and breadth all in one screen. This gives you everything from the latest news of a particular stock to the real-time depth of market pricing.

With the IRESS ViewPoint interface, you can make decisions faster, better and more informed. The interface is comprehensive yet easy to use.

Webtrader 

Another popular platform used by TMGM clients is the WebTrader platform. This platform can be accessed from any internet browser and does not require any software to be installed on your computer. It is a very user-friendly platform with a variety of features and tools that can be used by both novice and experienced traders.

TMGM also offers mobile trading platforms for iPhone, iPad, and Android devices. These platforms allow you to trade forex on the go from anywhere in the world. They are very user-friendly and offer a variety of features and tools that can be used by both novice and experienced traders.

TMGM Products

TMGM offers over 12000+ trading instruments, that is really a lot. Most brokers offer less, so this is definitely a USP of TMGM.

The available Account Types at TMGM are Edge account, Classic Account and Demo accounts. 

Getting back to the available trading pairs, TMGM offers 50+ FX pairs, this includes major, minor, and exotic currency pairs. But also Gold, Silver and Platinum.

For trading shares you get access to over 12,000 markets all around the world. The trading of shares are on CFDs. This means that you don’t really own the shares, but trade it on CFDs, which stands for contract for differences. A great benefit of trading CFDs is that you can enjoy full exposure for your investments by investing in different countries' stock exchanges through one account.

Besides the regular finance markets, you can also trade Crypto CFDs on TMGM.

At TMGM, you can trade 12 different crypto-fiat pairs and the leverage is 1:2. 

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Costs of TMGM

TMGM doesn't have any deposit fee. It's free, but the minimum deposit with TMGM is $100. With most methods deposit is instant except for bank transfers, which takes up to 3 days. 

As for withdrawals it is also free, but for wire transfer, your bank may charge fees.

Commission for forex pair on TMGM’s Edge account is $7 per standard-lot. For Edge account spreads start from 0.0 pip.

For the classic account, the spreads start from 1 pip, and there are commissions charged.

TMGM Customer Support 

TMGM’s customer support is 24/5. And you can contact TMGM customer support through many methods, namely; phone, live chat, or via email. The quickest way is to contact them via the live chat or phone. 

Read Full Review of TMGM

Pros and Cons of TMGM

Pros

- Regulated by the ASIC, FMA and VFSC;

- Two platforms are available; MT4 and IRESS;

- Crypto trading available;

- ECN spreads and lightning speed executions.

Cons

- MT5 is unavailable;

- High minimum deposit on the IRESS platform;

- Clients from the US and Japan are not accepted.

Want to trade with TMGM? You can do so by clicking the following link:

Rockfort Markets

Rockfort Markets is a New Zealand Forex and CFD broker based in Auckland providing access to the global financial markets that lets you trade forex, indices, ETFs, futures, options, and cryptocurrencies.

Rockfort Markets

image credit: Rockfort Markets

Rockfort Markets Regulations

Rockfort Markets is a company registered in New Zealand (NZBN 9429042010807).

Rockfort Markets Ltd is a registered Financial Service Provider (FSP509766) and is regulated by the Financial Markets Authority in New Zealand.

RockFort Markets Trading Platforms

There are two main types of trading platforms used by brokers: the proprietary platform and MT4.

The TradeSmarter platform is available in three different versions: the web-based platform, the mobile platform, and the downloadable platform. The web-based platform can be accessed from any computer with an internet connection, and it doesn’t require any installation. The mobile platform is available for Android and iOS devices, and it has all the features of the web-based platform. The downloadable platform is only available for Windows computers, and it has a few more features than the other two platforms.

In addition to the TradeSmarter platform, Rockfort Markets also offers the MetaTrader 4 (MT4) platform. This is a very popular platform among Forex traders, and it’s also available in three different versions: the web-based platform, the mobile platform, and the downloadable platform. The MT4 platform has a lot of features that are not available on the TradeSmarter platform, such as advanced charting tools, a larger number of technical indicators, and the ability to create and use custom indicators.

Rockfort Markets Products

Forex

Rockfort Markets offers 50+ currency CFDs. 

Major forex pairs spreads start from 0.6 for pro account and 0.9 for standard account.

CFDs (Contracts for Difference)

They have 8,800+ single stock CFDs, plus indices, commodities and more.

Shares

You can Trade Shares from over 14 countries around the world. You can invest in 1000s of Australian and international shares from over 36 exchanges worldwide.

Options

Trade Options on all major International Exchanges including ASX and US with Rockfort Markets.

Crypto Trading

Rockfort Markets allows you to speculate on the Bitcoin CFD market rise and fall with Rockfort Markets Bitcoin CFDs. Along with bitcoin they have Lite Coin, Ethereum, Bitcoin Cash and Ripple.

Futures

Rockfort Markets offers over 200 futures contracts from over 22 exchanges around the world.

ETF

They have Flexible diversification with Exchange Traded Funds. Invest online in Exchange Traded Funds (ETFs) with Rockfort Markets.

Account Types

Rockfort Markets has Standard, Islamic (Swap-free), Professional account, and Demo accounts.

Cost of Rockfort Markets

Commission for forex pair From $0.07 per micro-lot.

For Shares Fees structure vary from exchange to exchange. For Futures it starts from AUD $8 per contract. For Options fees start from USD $2 per contract. For CFDs it starts from USD $0.02 per share. For ETFs the fees are from USD $0.02 per share.

Rockfort Markets minimum deposit is $200.

Deposit And Withdrawal Fees

Rockfort Markets may charge you a transaction fee depending on the payment method chosen. 

If Withdrawals are done via bank transfer in New Zealand dollars to a New Zealand bank attract no fee. 

Withdrawals to other currencies or overseas banks attract a fee of $15 per transaction.

Customer Support

Rockfort Markets customer service is available via email, phone, query submit form, and live web chat, Facebook Messenger and Telegram. Live Chat  Open Hours: Mon-Fri 8:00am - 6:00pm NZT (GMT+12)

Read Full Review of Rockfort Markets

Pros and Cons of Rockfort Markets

Pros

√ MT4 and Trader Workstation (TWS) from Rockfort Markets

√ Regulated by Financial Markets Authority NZ

√ Low trading fees and no inactivity or account closure fees

√ Responsive customer service

Cons

- Doesn't provides an MT5 trading platform 

- Customer Support only on weekdays

Want to trade with Rockfort Markets? You can do so by clicking the following link:

These are just a few of the three best CFD brokers in New Zealand. 

How to Choose CFD Brokers in New Zealand

When it comes to choosing a CFD broker in New Zealand, there are a few things you need to take into account. 

The first is whether the broker is regulated by the Financial Markets Authority (FMA). This is important because it means that the broker has to meet certain standards and is subject to regular audits. 

The second thing you need to consider is the fees charged by the broker. Some brokers charge commission on each trade, while others charge a flat fee. Make sure you compare the fees before deciding on a broker. 

Finally, you need to look at the platform that the broker uses. Some platforms are more user-friendly than others, so make sure you find one that suits your needs. By following these tips, you should be able to find a CFD broker that is right for you.

Another important thing to consider when choosing a CFD broker is the leverage ratio. Leverage allows you to trade with more money than you have in your account. For example, if the broker offers a leverage ratio of 1:100, it means that you can trade with $100 for every $1 in your account. This can be beneficial because it allows you to make bigger profits. However, it also means that your losses will be amplified as well. Therefore, you need to be careful when using leverage and make sure that you understand the risks involved.

By following these tips, you can make sure that you find a CFD broker that is regulated by the Financial Markets Authority, charges reasonable fees, and has a user-friendly platform. If you are careful with leverage, you can also use it to your advantage to make bigger profits. Do your research and compare different brokers before making your decision. And let us know what other factors you think are important when choosing a CFD broker in the comments below.

Best CFD Brokers in New Zealand 2022

 

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