Intro and winners
Find below the best CFD brokers available in New Zealand, updated for 2023:
- Admirals (Admiral Markets) is the best CFD broker in New Zealand in 2023. - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Spreadex - Low forex fees. Good web platform. Helpful customer service.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.
- FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
Best CFD brokers
Key features of the best CFD brokers
While many online CFD brokers and trading platforms offer an excellent service, the ones in our toplist go the extra mile.
| Broker | Negative balance protection for any product | Minimum deposit |
|---|---|---|
| Admirals (Admiral Markets) | $100 100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON | |
| Plus500 | $100 $100 for credit/debit cards and electronic wallets; $500 for bank transfers | |
| IG | $0 No minimum deposit for bank transfers; $300 minimum for credit/debit cards and PayPal | |
| Spreadex | $0 No minimum deposit for bank transfer, but 10 minimum deposit for credit/debit card | |
| ActivTrades | $0 There is no minimum deposit | |
| CMC Markets | $0 No minimum deposit | |
| MultiBank | $200 $200 for Standard accounts, $1,000 for MultiBank Pro accounts, and $10,000 for ECN Pro accounts | |
| FxPro | $100 $100 minimum deposit | |
| HYCM | $100 $100 minimum deposit for Classic and Fixed accounts, $200 minimum deposit for Raw accounts | |
| FBS | $1.07 $/€ 100 minimum deposit for Standard account, $/€10 minimum deposit for Cent account, and $1 minimum deposit for crypto account |
Popularity of the best CFD brokers in New Zealand
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Best CFD brokers
Trading fees at the best CFD brokers
How much you have to pay for a trade in spreads, commissions and other trading costs is a key broker selection criteria. We calculated a benchmark fee for the most important CFD trading costs, which you can see in the table below. This is the total of how much you have to pay in spreads, commissions and other costs for a trade in each asset class.
| Broker | S&P 500 index CFD fee | Euro Stoxx 50 index CFD fee |
|---|---|---|
| Admirals (Admiral Markets) | $2.3 | $1.6 |
| Plus500 | $3.5 Fees were calculated on Nov 4, 2022 between 2 pm and 4 pm CET, fees could be a subject to change | $3.3 Fees were calculated on Nov 4, 2022 between 2 pm and 4 pm CET, fees could be a subject to change |
| IG | $2.6 | $2.3 |
| Spreadex | $3.0 | $1.6 |
| ActivTrades | $2.4 | $1.4 |
| CMC Markets | $2.9 | $2.6 |
| MultiBank | $1.2 | $1.9 |
| FxPro | $2.7 | $2.1 |
| HYCM | $1.7 | $0.8 |
| FBS | $1.6 | $2.3 |
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Best CFD brokers
Non-trading fees at the top CFD brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Admirals (Admiral Markets) | No account fee. | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
| Plus500 | No account fee | $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account |
| IG | No account fee | $/£12/€14 per month after 2 years of inactivity |
| Spreadex | No account fee | No inactivity fee |
| ActivTrades | No account fee | If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged |
| CMC Markets | No account fee | £10 monthly fee after 12 months of inactivity |
| MultiBank | No account fee | 60 USD/month after 3 consecutive months of inactivity |
| FxPro | No account fee | $15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity |
| HYCM | No account fee | $10 each month after 90 days of inactivity |
| FBS | No account fee. | No inactivity fee |
Best CFD brokers
Product selection at the top CFD brokers
Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.
| Broker | Stock index CFD | Stock CFD |
|---|---|---|
| Admirals (Admiral Markets) | ||
| Plus500 | ||
| IG | ||
| Spreadex | ||
| ActivTrades | ||
| CMC Markets | ||
| MultiBank | ||
| FxPro | ||
| HYCM | ||
| FBS |
And now, let's see the top CFD brokers in detail one by one, starting with the winner, Admirals (Admiral Markets).
#1 Best CFD broker
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with the metatrader trading platforms
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
#2 Best CFD broker
Plus500
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
| Plus500 snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill |
| Read review | For a detailed analysis of Plus500 services, check out our review for 2023 |
#3 Best CFD broker
IG
Recommended for traders of any experience level looking for an easy-to-use trading platform
| IG snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards |
| Read review | For a detailed analysis of IG services, check out our review for 2023 |
#4 Best CFD broker
Spreadex
Recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options
| Spreadex snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 4.5 stars |
| Deposit methods | Bank transfer, Credit/debit cards |
| Withdrawal methods | Bank transfer, Credit/debit cards |
| Read review | For a detailed analysis of Spreadex services, check out our review for 2023 |
#5 Best CFD broker
ActivTrades
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.9 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
| Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |
#6 Best CFD broker
CMC Markets
Recommended for forex and cfd traders looking for an advanced trading platform with many research tools
| CMC Markets snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 5.0 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal |
| Read review | For a detailed analysis of CMC Markets services, check out our review for 2023 |
#7 Best CFD broker
MultiBank
Recommended for forex and cfd traders familiar with the metatrader trading platform
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $200 |
| Mobile app score | 3.8 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash |
| Withdrawal methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |
#8 Best CFD broker
FxPro
Recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
| FxPro snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, UnionPay |
| Withdrawal methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, UnionPay |
| Read review | For a detailed analysis of FxPro services, check out our review for 2023 |
#9 Best CFD broker
HYCM
Recommended for forex and cfd traders who prefer the metatrader platform
| HYCM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney |
| Read review | For a detailed analysis of HYCM services, check out our review for 2023 |
#10 Best CFD broker
FBS
Recommended for investors and cfd traders familiar with the metatrader trading platforms
| FBS snapshot | |
|---|---|
| Minimum deposit | $1.07 |
| Mobile app score | 4.3 stars |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid |
| Withdrawal methods | Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid |
| Read review | For a detailed analysis of FBS services, check out our review for 2023 |
Best CFD brokers
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Best CFD brokers
How did BrokerChooser select the best CFD brokers?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Specifically compared CFD fees,
- Checked minimum deposit requirements,
- Looked at the range of CFDs available,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
Best CFD brokers
FAQ
What is CFD trading?
CFDs, short for Contracts for Difference, are derivative products used to speculate on the price movements of a wide range of underlying assets. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.
When trading CFDs, you speculate on whether the price of a financial asset (i.e. stock, bond, commodity, etc.) will go up or down, without actually buying the asset itself. Instead of buying a Vodafone stock, at a CFD broker you will bet on the direction you think the Vodafone stock will go. If your bet is right, you will make profit on your CFD trade.
CFDs are leveraged products meaning that you trade with your own money and the money you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.
CFD trading is illegal in the U.S. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.
To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.
Can CFD trading be profitable?
Yes, CFD trading can be profitable and investors may make handsome profits when trading these products. Nevertheless, CFDs are very risky instruments, especially because they are leveraged products. Leverage refers to the loan extended by the broker, which allows you to invest a much larger amount of money. Over three quarters of retail trading accounts lose money when trading CFDs. CFDs are by no means a guarantee for getting rich overnight.
Are CFDs good for beginners?
CFDs are high risk instruments and are not recommended for beginners. CFDs are very risky because they are leveraged products. Leverage in this case means that you trade with your own money and the funds your broker lends you. While you can open much larger positions this way, you can magnify your profits and your losses. CFDs are widely used by experienced traders with a deep understanding of financial markets and investment strategies. If you are an absolute beginner, it makes sense to open a demo account and do a lot of research. Data shows that over three quarters of retail trading accounts lose money when trading CFDs.
Which broker is best for CFD trading?
These are the top CFD brokers in the world in 2023:
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Spreadex - Low forex fees. Good web platform. Helpful customer service.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
- HYCM - Low forex and CFD fees. Great educational content. User-friendly account opening.
- FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
Want to understand CFD trading in more detail?
Check out these articles written by our broker and trading experts:
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