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5 best stock trading apps in New Zealand (2022)

These investing apps are some of the most popular among Kiwis for good reason. We check out some of their best features.

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New Zealand share trading apps 2022

These days you don’t need to be sitting at a desk to buy and sell stocks. Thanks to the growing number of stock trading apps, investors in New Zealand can find the best share trading app for themselves and invest from anywhere there’s an Internet connection.

Stock trading apps allow you to trade shares directly on New Zealand’s Exchange (NZX) and other international markets through your smartphone. Not all online brokers in New Zealand have a mobile version of their platform and some mobile trading apps don’t offer desktop access.

So to make it easier, we’ve sourced a list of the most popular mobile apps for stock trading available in New Zealand in 2022.

The list of apps featured is the most popular share trading apps in terms of daily downloads by Kiwi iPhone and Android users as of 13 July 2022. The list itself was sourced from Sensor Tower and Google Play rankings, and is not in any particular order.

We’ll take a look at these share trading apps in more detail in this guide.

1. Sharesies

Sharesies logo Go to site Read review
Capital at risk
Intuitive, user-friendly platform
Low investing fees
Access to NZ, AU and US markets
Sharesies is one of the most popular New Zealand investment apps with a fun, user-friendly platform. Sharesies has low fees and provides access to NZ and international markets, as well as ETFs and managed funds.
  • No minimum investment
  • Auto-trading feature available
  • Ethical investment options available
  • May not suit more active investors
  • Only has access to NZ, Australia and US markets
Transaction fees: 0.5% for orders up to $3,000, plus 0.1% for amounts over that
Management fees: ETFs and managed funds have a management fee that varies, and you may also be charged a buy or sell fee.
Exchange fees: 0.4% FX fee

2. Tiger Trade

Tiger Brokers logo Go to site Read review
Capital at risk
Access to markets in China, US, Australia and more
Free real-time market data
Access to a wide range of order types
Tiger Trade, the proprietary trading app for Tiger Brokers, offers a user-friendly interface along with access to multiple international markets. The brokerage fees are competitive, and the company offers a wide range of trading tools, market data and company research to help keep you informed.
  • You can trade a wide variety of asset types, including stocks, ETFs, options and futures
  • Access to more than 7,000 stocks
  • Competitive brokerage fees
  • Doesn't provide access to NZX trading
  • Limited deposit methods
  • Complicated fee structure, although all details are available on the website
Brokerage fees: Start from USD$0.0049/share on US shares, minimum of USD$0.99/order.
Platform fee: USD$0.005/share, minimum of USD$1/order. Third-party fees, including a settlement fee, SEC membership fee and FINRA trading activity fee, apply to US stocks. Different fees also apply when you trade futures and other asset types.
FX fees: 0
Check the Tiger Brokers website for full details.

3. Stake

Stake logo Go to site Read review
Capital at risk
Access to more than 4,500 US stocks and ETFs
No brokerage fees
Phone and email customer support available, as well as an online help centre
Stake offers Kiwis access to a wide range of US stocks and ETFs, including some of the biggest global companies such as Google, Apple and Amazon. It also offers no brokerage fees and a user-friendly platform along with a robust customer support system.
  • Offers fractional investing so you can afford some of the biggest global brands at a fraction of the cost.
  • Offers various research tools, including advanced charts, as well as news and analysis.
  • Stake streamlines the process to help keep you US tax compliant for a one-off fee of $5.
  • No access to NZX or other international markets.
  • Some of the more advanced trading features, such as analyst ratings and in-depth financial data, are only available on a paid plan, Stake Black, for $9 a month.
Brokerage fee: $0
Exchange fee: 1% (US$2 minimum fee)
Instant funding deposit fee: 0.5%
Withdrawal fee: US$2
Tax filing fee: US$5
Other fees apply. Check the Stake website for full details.

4. IBKR Mobile

Low brokerage fees
Broad range of trading options
Advanced features for experienced investors
Interactive Brokers, which is based in the US, offers low brokerage fees and access to 135 markets in 33 countries. Its platform offers portfolio tracking along with an extensive range of tools and analysis for active traders.
  • Fractional investing for US shares
  • Trade all products, including shares, ETFs and other securities, from 1 account
  • Advanced charting tools and real-time news updates
  • Less suited to new investors due to the complex platform
  • No access to the NZX
  • Monthly inactivity fee
Fees depend on which kind of fee structure you choose – tiered or fixed.
FX fee: 0.002% and US$2 minimum

Brokerage fees vary, here are 2 examples:
US: For trades of 300,000 or less
Tiered: $0.0035 per share capped at 1.0% of trade value, minimum of USD$0.35.
Fixed: $0.005 capped at 1.0% of trade value, minimum of US$1.
AU: For trades of 3,000,000 or less
Tiered: 0.08% of trade value.
Fixed: 0.08% of trade value.
Minimums vary from AUD1.00 - AUD6.00.
Other fees apply. Check the Interactive Brokers website for full fee details

Read our review of Interactive Brokers

5. Trading Game Trading Game app

  1. Stock trading game app with real-time charts and data
  2. Fun, user-friendly interface
  3. Educational resources for investing

This user-friendly stock trading game app lets you practice trading stocks, forex and other assets. It has a stock trading simulator with real-time charts and analytics that allows you to practice trading while building your investing knowledge.

Pros

  • Demo trading simulator with real-time charts and analytics
  • A customisable watchlist to track your favourite stocks
  • Trading school resources and educational quizzes

Cons

  • This is a stock trading simulator app so you cannot place real trades
  • May not be suitable for more experienced investors

Fees

This app is free.


What’s the best trading app for you?

With dozens of brokers in New Zealand, it’s not easy to work out which is the best stock trading app for you.

The best stock trading app in New Zealand for beginners is going to be very different from a platform that suits active or professional traders. Meanwhile, somebody that wants to invest in stocks and ETFs may have no interest in currencies trading or international markets.

The fees can also change depending on how often you trade in a month, a quarter or a year. In fact, recent Finder research found that the average stock trader could save approximately US$1,048 in brokerage fees a year by switching to a more suitable trading account (calculated on 7 trades per month of US$1,000).

It may even save money to have more than 1 platform. For example, you could have 1 app to trade US stocks, 1 for European stocks and another for currency markets.

What’s your trading style?

There are many different kinds of share traders. Once you know which category you fall into, you’ll be able to more easily pick the right trading account for you. For example, there are casual traders, active traders and long-term investors.

The category you fall into will influence the features you’re looking for in the best stock trading app for you. From the ease of use of the system through to the market research information available, it’s important that the platform complements your trading needs.

Ask yourself the following questions to figure out your trading style:

How often will I trade?

If you buy or sell stocks once or twice a month (or even less), you’re a casual investor. You may want to avoid brokers that have an inactivity fee or charge higher broker fees for less frequent trades.

If you intend to buy and sell stocks multiple times in a day, you’re an active trader. The best share trading app for you could be one that offers low brokerage for high-frequency trading and an extensive range of trading features, such as charting tools and order options.

Am I a trader or an investor?

Traders try to make money from stock price movements by buying and selling stocks frequently – often several times in a day or week.

Investors use the “buy and hold” strategy by targeting quality companies they think will rise over a long time frame and possibly offer dividends. They may only buy and sell a few times in a year. Investors may find the inactivity fee more important than a stock analysis feature.

For traders, a low brokerage fee and advanced features are key. They might find the stock analysis feature more important than an inactivity fee.

How will I place trades?

Will you be placing all your trades online, via a mobile app or over the phone? Make sure the trading account offers your preferred choice and check the fees.

What will I be trading?

Do you want to trade NZ stocks, European stocks, US stocks or other international markets? Some trading apps in New Zealand also offer other markets such as global currencies and cryptocurrencies. Depending on what your priorities are, you may wish to get a trading account that offers all of the above or several different brokers – 1 for each market.

How much money am I trading?

Do you intend to invest 1 lump sum of thousands of dollars into the stock market or would you prefer to make several small trades of a few hundred dollars? Trading account fees sometimes differ depending on the amount you’re buying and selling per month, per year or by trade.

How to compare investing apps

There are plenty of things you’ll need to consider when looking for the best stock trading app. Of course, it all comes down to how you’re intending to use it.

Here are some of the key features to look at when comparing share trading apps in New Zealand:

  • The broker fees. Almost every trading account will charge you a brokerage fee (also called a commission fee) when you buy or sell stocks. These fees may be calculated as a percentage of the transaction amount for larger trades and may also be lower depending on how frequently you trade.
  • Monthly fees. Some providers charge ongoing subscription or inactivity fees where you’re charged if you make too few trades. This will especially be the case where a platform offers an extensive range of features for advanced traders.
  • What can you trade? Some trading accounts will not only give you access to European stocks but also international stocks. Others will also allow you to trade currencies, indices, cryptocurrencies and much more, so look for this functionality if it’s important to you.
  • Ease of use. Stock market trading can be complicated and often requires you to respond quickly to market changes. With this in mind, look for a platform that allows you to make fast and precise trades with minimum fuss.
  • Access to market data. Does the platform offer dynamic, real-time or delayed market updates? Some share trading apps in New Zealand offer research and broker analysis on individual stocks that can come in handy.
  • Order types. Consider the options available when you’re buying or selling stocks. Can you place orders at market and/or at limit and are other order types such as stop/loss orders an option to add more flexibility to your trading?
  • Customer support. Look for phone, email and live online chat support. Does it offer customer service 24/7 if you’re having trouble placing a trade?
  • Education. Some share trading apps also feature a range of educational tools and resources, such as how-to guides and webinars, to help you get more out of your trading account.
  • Security. How secure is the platform and what measures are in place to ensure the safety of your funds?

What fees will I pay to trade stocks?

There are 3 main fees that commonly apply when you use a trading account – brokerage fees, monthly fees and foreign exchange fees if you trade global stocks.

Brokerage fees vary greatly between providers but typically start at around the $15 to $30 range. For large transactions, other fees may apply. If you’re planning on making lots of trades, you’ll want to keep an eye out for a platform that offers low per-trade fees.

Some share trading apps will not charge any monthly fees at all. However, more advanced trading platforms and those that offer premium services can charge a monthly fee or subscription fee.

Finally, remember that many brokers offer different membership levels – for example, gold, silver and platinum – which offer different features and so they attract varying fees.

  • Brokerage fees. Brokerage fees (also called commission fees) are the charges that apply to each buy and sell transaction of stocks and ETFs. They usually vary depending on the size of your buy or sell order or how often you trade.
  • Ongoing fees. These apply monthly or annually, but not all providers will charge ongoing fees. This may depend on how frequently you trade, for example, inactivity fees are often charged if you don’t place any trades within a certain period of time.
  • Withdrawal fees. Some share trading apps charge a fee to withdraw money from your account.
  • Foreign exchange fees. If you want to buy US or other global stocks, you’ll need to pay an exchange fee when you deposit money into your trading account to convert your NZD to the applicable currency.

Not sure which platform to choose? Compare your share trading options

Name Product Available Investment Types Min. Monthly Fee Available Markets
OFFER
BlackBull Markets Share Trading
Shares
$0
US, NZ, AU, Funds with exposure to multiple markets
Exclusive: Sign up through Finder and get 5 free shares with a minimum first time deposit of $1,000. T&Cs apply.
Trade 23,000+ shares and access 80+ global markets across the US, New Zealand, Australia and more, plus benefit from extended trading hours, no monthly fees, 24/6 dedicated local support and a mobile trading app available on both Android and iOS.
Rockfort Markets Share Trading
Shares
$20
US, AU, Funds with exposure to multiple markets
Trade shares in more than 1000 companies across the US, Australia and more.
Low brokerage on trades, plus access to professional tools, research and live market data. Available on desktop and mobile.
Sharesies
Shares, ETFs, Managed Funds, Index Funds
$0
US, NZ, AU, Funds with exposure to multiple markets
Trade and invest in more than 8,000 companies, ETFs and managed funds across New Zealand, the US and Australia.
OFFER
Hatch
Shares, ETFs
$0
US
Sign up to Hatch through Finder and get a $20 top-up when you deposit $100 or more.
Invest in more than 4,700 US companies and over 1,200 exchange-traded funds (ETFs) - no minimum investment or monthly fees.
OFFER
Tiger Brokers
Shares, ETFs, Options
$0
US, AU, Funds with exposure to multiple markets
Sign up to Tiger Brokers and get a free stock voucher worth NZ$10, plus receive 3 Rocket Lab shares and one lucky draw ticket to win a free share when you deposit at least NZ$500 into your Tiger account. Offer is for new clients only and is subject to minimum deposit requirements. T&Cs apply.
Trade shares in more than 7,000 companies across the US, Australia and Asia.
OFFER
Stake
Shares
$0
US
Sign up through Finder and use referral code "FINDERNZ" for a free stock valued up to US$150.
Trade more than 4,500 US-listed stocks and ETFs through Stake with $0 fees on trades.
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Compare up to 4 providers

Have you had these questions about share trading apps?

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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