Alternatives to Robinhood in New Zealand | Finder NZ

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Alternatives to Robinhood in New Zealand

You can't access Robinhood in New Zealand, but here are 3 low-cost alternatives to trade US stocks.

US stock trading platform Robinhood is hugely popular and known as the low-cost app of choice among millennial traders.

The only problem is, us Kiwis don’t have access to it. Despite being regularly cited in the media here, the app has not launched in New Zealand. But don’t worry – we have our own low-cost, easy-to-use share trading platforms available right here in NZ.

What is Robinhood?

Robinhood is a US trading platform founded in 2013 that offers zero commissions on stocks, options and ETFs. It’s popular among traders thanks to its low fees, range of trading options and minimalist design targeting younger investors.

Users of the app often trade stock options and other assets such as cryptocurrencies using leverage. This is a higher-risk form of trading because both your profits and losses are amplified. For more on the app you can check out our Robinhood review from Finder US, bearing in mind you won’t be able to access it unless you hold US residency.

Hatch logo

1. Hatch

Easy US share trading from the people at Kiwi Wealth.

Kiwi share trading company Hatch offers access to thousands of US stocks with no minimum investment required. The investment platform of Kiwi Wealth (a sister company of Kiwibank), Hatch has low trading fees and offers guides that help New Zealanders understand the ins and outs of investing and share trading.

  • Brokerage fee: US$3 for up to 300 shares, and extra US$0.01 for each share on top of that.
  • Inactivity fee: $0
  • Products:US stocks and ETFs
  • Access: Website only
Go to site

More info


Staake logo

2. Stake

Access to more than 3,800 US stocks with commission fees.

The standout feature of Stake is its commission-free trading. The Australian company provides Kiwis access to a number of US exchanges, including the NASDQAQ, NYSE, Chicago Stock Exchange, and more.

  • Brokerage fee: $0
  • Inactivity fee: $0
  • Products: US stocks and ETFs
  • Access: Website and mobile app
Go to site

More info


Sharesies logo

3. Sharesies

Access to US and NZ stocks, etfs, and managed funds

From a little-known company to practically a household name, Sharesies has exploded in popularity among Kiwis over the last 12 months. With the popular share trading platform there is no minimum investment, an innovative auto-invest feature for regular investors, and a range of trading options.

  • Brokerage fee: 0.5% for orders up to $3,000, and 0.1% for amounts over that for US shares
  • Inactivity fee: $0
  • Products: US and NZ stocks, NZ and global ETFs, managed funds
  • Access: Website only
Go to site

More info


Compare share trading platforms

Not what you’re after? You can compare other share trading platforms in the table below.

Data updated regularly
Name Product Available Investment Types Min. Monthly Fee Currency Conversion Fee Available Markets
Hatch
Shares, ETFs
$0
0.5%
NASDAQ, NYSE
Invest in more than 3,900 US companies and exchange-traded funds (ETFs). No minimum investment or monthly fees.
Stake
Shares, ETFs
$0
1% ($2 min)
NASDAQ, NYSE, BATS, Chicago Stock Exchange, and more
Sign up through Finder and use referral code "FINDERNZ" for a free stock. Trade more than 3,800 US-listed stocks and ETFs through Stake with $0 fees on trades.
Sharesies
Shares, ETFs, Managed Funds, Index Funds
$0
0.4%
ASX, NASDAQ, NYSE, NZX, CBOE
Trade and invest in more than 3,000 companies, ETFs and managed funds across New Zealand, the US and Australia.
ASB Securities
Shares, ETFs, Bonds
$0
1% of value ($10 minimum)
ASX, NZX, and more
Direct Broking
Shares, ETFs, Bonds
$5 per month
Up to 1.50% of transaction value
ASX, NZX
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Compare up to 4 providers

Data updated regularly
Name Product Minimum Opening Deposit Minimum Opening Deposit Commission Available Markets Platforms
Plus500 CFD
NZ 100
100
No commission
Indices, FX, Shares, Commodities, Cryptocurrency, ETFs, Options
Plus500 WebTrader
CFDs are complex financial products and traders are at high-risk of losing all of or more than their initial investment.
Finder exclusive offer: Open a new trading account and receive a welcome bonus of NZ$120 when you deposit your first $400 and enter the bonus code “Special200”. Ts&Cs apply.
Trade CFDs on shares, forex, crypto, indices, commodities and more.
BlackBull Markets CFD
USD 200
200
No commission
Indices, FX, Commodities, Precious metals
MetaTrader 4, MetaTrader 5
CFDs are complex financial products and traders are at high-risk of losing all of or more than their initial investment.
Trade CFDs on shares, forex, indices, commodities, precious metals and more.
IG Markets CFDs
AUD 0
0
0.08% with $7 minimum
Indices, FX, Shares, Commodities, Cryptocurrency, Options, ETPs
MetaTrader 4, ProRealTime
CFDs are complex financial products and traders are at high-risk of losing all of or more than their initial investment.
Trade from over 15,000 markets with a leading service for CFD trading and forex.
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Compare up to 4 providers

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