Compare Investment Platforms
Find the best investment platform for your needs. Compare fees, features, and minimum investments across New Zealand's most popular platforms.
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Showing 16 of 16 platforms
ASB Securities
NZ & AU share investors who want a classic local broker
Fees
Account FeeFree
Trading FeeOnline: NZX $15 (≤$1k), $30 ($1k–$10k), 0.30% (> $10k). ASX same. Intl (phone): 0.60% + 0.40% agency (mins apply)
FX FeeVaries (ASB bank FX margin/rates)
Minimum InvestmentNo stated platform minimum
Key Features
- NZX & ASX online trading
- International markets via phone dealing
- Cash Management Account
- NZX firm; nominee/custody available
Pros
- +Established NZ broker
- +Straightforward NZX/ASX pricing
- +Branch/support from a major bank
Cons
- -No fractional shares
- -International trading by phone with higher fees
- -FX margins apply for foreign trades
BlackBull Markets (Shares)
Active traders wanting direct market access (NZX/ASX/US)
Fees
Account FeeFree
Trading FeeNZX: 0.16% (min NZ$14). ASX: 0.12% (min A$14). US: US$0.06/share (min US$10, max 0.40% trade value)
FX FeeFrom ~0.002% of trade value or US$1 min (for FX conversion)
Minimum InvestmentNo platform minimum (standard account)
Key Features
- Direct NZX, ASX and US share trading
- Advanced order types & platforms
- NZ-based broker
Pros
- +Competitive brokerage across NZ/ASX/US
- +Good for active traders
- +Local NZ presence
Cons
- -Interface/tools geared to advanced users
- -Fee schedule is market-specific and detailed
eToro (availability varies by country)
Investors who value social/copy trading and fractional stocks
Fees
Account FeeFree
Trading FeeStocks: $1–$2 commission may apply depending on country/exchange
FX FeeConversion fees vary by method/region (e.g., 0.75% with recurring invests; other methods 1.5–3.0%)
Minimum InvestmentFirst deposit for NZ residents: ~US$1,000 (then $50)
Key Features
- Real stocks (long, unleveraged)
- Copy trading & Smart Portfolios
- Fractional shares
Pros
- +Social/copy features unique
- +Fractionals & recurring invests
- +Simple onboarding
Cons
- -Conversion fees can be higher than peers
- -Some features/markets vary by country
Hatch
US stock investors with larger portfolios
Fees
Account FeeFree
Trading Fee$3 USD per trade
FX Fee0.5%
Minimum Investment$100 NZD
Key Features
- US market access
- Fractional shares
- Research tools
- Tax reporting
Pros
- +Flat fee structure
- +Good for larger trades
- +Extensive US market access
- +Educational resources
Cons
- -US markets only
- -Not ideal for small trades
- -FX fees on all transactions
Interactive Brokers (IBKR)
Experienced investors trading globally with larger portfolios
Fees
Account FeeFree (no monthly/maintenance)
Trading FeeUS stocks (IBKR Pro): ~US$0.0005–0.0035/share (mins apply)
FX Fee0.08–0.20 bps × trade value (min ~US$2)
Minimum InvestmentNo account minimum
Key Features
- Access to 150+ markets globally
- Pro‑grade tools (TWS, APIs)
- Fractional US shares on many symbols
- Very low FX conversion costs
Pros
- +Ultra‑low commissions & FX
- +Best global market coverage
- +Powerful research & order types
Cons
- -Learning curve for new investors
- -Interface less “app‑like” than others
Invest Direct (Jarden)
Buy-and-hold NZX/ASX investors who value a traditional broker
Fees
Account FeeFree
Trading FeeNZX/ASX online: 0.20% (min $29.90). US/other markets: higher; e.g., US $69.50 or 0.60% (greater of)
FX FeeApprox. 0.89% FX margin
Minimum InvestmentNo stated platform minimum
Key Features
- NZX & ASX online trading
- Access to US/International markets
- Research & corporate actions support
Pros
- +Trusted NZ investment firm (Jarden)
- +Robust market access
- +Good for larger, less frequent trades
Cons
- -Higher brokerage than discount apps
- -FX margin adds to total cost
InvestNow
Index fund and managed fund investors
Fees
Account FeeFree
Trading Fee$0 (funds), $30 setup + $15/month (shares)
FX FeeVaries by fund
Minimum Investment$250 (funds), $50 (regular)
Key Features
- 140+ managed funds
- No transaction fees for funds
- Regular investment plans
- PIE funds available
Pros
- +No fees for fund investing
- +Wide range of funds
- +Good for passive investors
- +Tax-efficient PIE funds
Cons
- -Higher minimums than Sharesies
- -Share trading is expensive
- -Less intuitive interface
InvestNow (Managed Funds Marketplace)
Hands‑off ETF/index/managed‑fund investors
Fees
Account FeeFree
Trading Fee$0 for buying/selling funds on platform
FX FeeVaries by fund
Minimum Investment$250 initial (many funds), $50 regular
Key Features
- Marketplace of 140+ funds
- No transaction fees on funds
- Regular investment plans
- PIE funds; broad managers selection
Pros
- +No brokerage on funds
- +Easy diversification
- +Tax‑efficient PIE options
Cons
- -No individual share trading
- -Minimums higher than Sharesies
Kernel
Passive index fund investors
Fees
Account FeeFree up to $25k, then 0.25% p.a.
Trading Fee$0
FX FeeIncluded in fund fees
Minimum Investment$1
Key Features
- Index funds only
- Auto-rebalancing
- Goal-based investing
- Carbon neutral funds
Pros
- +Low fees for index investing
- +Simple, focused offering
- +Socially responsible options
- +No transaction fees
Cons
- -Limited to Kernel funds only
- -No individual stock trading
- -Annual fee above $25k
Sharesies
Complete beginners and small investors
Fees
Account FeeFree
Trading Fee0.5% (NZ), 0.5% (US), 1.9% (AUS)
FX Fee0.5%
Minimum Investment$0.01
Key Features
- Fractional shares
- Auto-invest
- Kids accounts
- NZ, US, Australian markets
Pros
- +Very low minimum investment
- +User-friendly interface
- +Great for beginners
- +Fractional shares available
Cons
- -Higher fees for small amounts
- -Limited research tools
- -No options trading
Simplicity (Investment Funds)
Set‑and‑forget passive fund investing
Fees
Account FeeFree (management fees apply at fund level)
Trading Fee$0 (buy/sell fund units)
FX FeeIncluded within fund costs
Minimum InvestmentLow minimums; regular contributions supported
Key Features
- Non‑profit manager
- Diversified index funds
- Very low management fees (~0.29%)
- Ethical screening
Pros
- +Low, transparent fees
- +Simple, diversified funds
- +Good long‑term option
Cons
- -No individual stock picking
- -Limited fund menu vs marketplaces
Smartshares (Direct ETFs)
Long‑term ETF investors happy with scheduled buys
Fees
Account Fee$30 one‑off establishment fee
Trading Fee$0 (regular savings/direct purchase)
FX FeeIncluded within ETF fees
Minimum Investment$500 initial, then $50+ regular
Key Features
- NZ’s largest ETF range (~40+ ETFs)
- Regular savings/auto‑invest
- Broad global & local exposures
Pros
- +Simple access to ETFs without a broker
- +Diversification in one step
- +Clear ongoing costs
Cons
- -Higher initial minimum ($500)
- -Ongoing minimum $50 per contribution
Stake (NZ)
US & AU share investors who want flat‑fee simplicity
Fees
Account FeeFree
Trading FeeUS: US$3 per trade; ASX: A$3 per trade
FX Fee1% FX conversion on deposits/withdrawals
Minimum InvestmentNo stated platform minimum
Key Features
- US and ASX markets
- Clean, flat pricing
- Modern mobile/web apps
Pros
- +Simple, low flat brokerage
- +Good for larger trade sizes
- +Popular US market access
Cons
- -Markets limited to US/AU
- -FX conversion charged on funding
Superhero (NZ)
Beginners focusing on US/ASX with tiny starting amounts
Fees
Account FeeFree
Trading FeeUS: US$2 per trade (≤US$20k, then 0.01%). ASX: A$2 per trade (≤A$20k, then 0.01%)
FX Fee50 bps added to the exchange rate
Minimum InvestmentUS$10 (US trades), A$10 (ASX trades) min trade size
Key Features
- US & ASX shares and ETFs
- Low $2 brokerage up to capped amounts
- Simple app experience
Pros
- +Very low, flat brokerage
- +Low minimum trade sizes
- +Straightforward for beginners
Cons
- -No NZX shares yet
- -FX markup applies on currency transfers
SuperLife (Funds & ETFs)
DIY fund builders who want lots of choice
Fees
Account Fee$12/year admin + fund fees
Trading Fee$0 (buy/sell fund units)
FX FeeIncluded within fund costs
Minimum InvestmentLow minimums (often from small amounts)
Key Features
- 35+ diversified & sector funds
- Access to Smartshares ETFs
- Auto‑invest and rebalancing options
Pros
- +Huge fund menu
- +Low admin fee
- +Easy to build diversified portfolios
Cons
- -Fund fees vary by option
- -No direct stock trading
Tiger Brokers (NZ)
Cost‑focused investors needing multi‑market access
Fees
Account FeeFree
Trading FeeNZX: 0.10% commission + 0.20% platform fee (min NZ$2 each). US: from US$1.99/trade. ASX: from A$2.49/trade
FX Fee0.35% (e.g., NZD⇄USD/AUD)
Minimum InvestmentNo platform minimum
Key Features
- NZX, US, ASX, HK, SG markets
- Mobile-first platform
- Options & margin available
Pros
- +Very low NZX/ASX/US brokerage
- +Broad global market access
- +Fast in-app FX
Cons
- -Fee structure (commission + platform) can be confusing
- -Geared more to active traders
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Which Platform is Right for You?
Decision Tree
Start: What's your investment experience?
Beginner
New to investing
↓
How much to start with?
$5-$50
Very small amounts
Sharesies
Fractional shares
$250+
Larger amounts
InvestNow
No account fees
Experienced
Some investing knowledge
↓
What do you want to invest in?
US Stocks
Individual companies
Hatch
Research tools
Index Funds
Diversified portfolios
Kernel
Goal-based
Sharesies
Perfect for beginners with small amounts
- Start with as little as $5
- Buy fractional shares
- User-friendly interface
InvestNow
Best for fund investing with no fees
- No account or transaction fees
- Wide range of managed funds
- $250 minimum investment
Hatch
Ideal for US stock market investing
- Access to US stocks and ETFs
- Research tools and analysis
- Flat $3 trading fee
Kernel
Simple goal-based index fund investing
- Low-cost index funds
- Goal-based investing approach
- ESG/sustainable options
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