Best Stock Market App NZ 2020

If you’re looking to actively buy and sell shares online – you’ll likely want to obtain a stock market app, too. This will allow you to access the markets no matter where you are, subsequently allowing you to place trades at the click of a button.

Additionally, the best stock market apps in New Zealand allow you to set up pricing alerts and even receive relevant financial news stories direct to your phone.

In this guide, we discuss the best stock market apps currently available to New Zealand residents. We’ll also explore what factors you need to consider before downloading a stock market app – such as fees, commissions, tradable shares, regulation, and payments.

New Zealand’s Top Stock Market Apps

Here’s an overview of the best stock apps to consider in 2020. To find out more about a particular app – scroll down.

  1. eToroBest All-Round Stock Market App for Beginners with Zero Commission
  2. Plus500 – Commission-Free CFD Trading App
  3. IG – Trusted NZ Stock Market App With Over 17,000+ Markets
  4. Capital.com – Great Trading App for Beginners
  5. Saxo Bank – Best Stock Market App for Experienced Traders

Best NZ Stock Market Apps Reviewed

With so many online brokers now offering fully-fledged stock market apps – knowing which provider to go with can be difficult. Crucially, you need to look at what the share broker itself offers before taking the plunge. For example, how much does the broker charge to buy stocks, and what NZ payment methods does it support? You also need to look at the types of stocks you will have access to and what licenses the app holds.

To help clear the mist, below we discuss five of the best stock market apps available to New Zealand traders.

1. eToro – Overall Best Stock Market App for Beginners with Zero Commission

For us, eToro is by far the best stock market app available in New Zealand. The mobile application – which is available to download for free on Android and iOS devices, is backed by a heavily regulated brokerage house. In fact, eToro holds licenses with three tier-one bodies – meaning that your funds are always in safe hands. This includes the FCA (UK), ASIC (Australia), and CySEC (Cyprus).

In terms of what shares you can buy and sell, eToro offers over 1,700+ stocks, including many of the best stocks to buy. This consists of 17 stock exchanges – covering markets in the US, Canada, UK, Germany, France, and more. One of the main selling points of the eToro stock market app is that it does not charge any dealing fees or commission. Furthermore – and perhaps most importantly, eToro does not charge any ongoing fees. As such, you can buy, sell, and trade shares in New Zealand in a super cost-effective manner.

Outside of its stock market offering, eToro is also home to several other asset classes. This includes ETFs and cryptocurrencies, alongside CFDs in the form of indices, forex, and commodities. Once again, all of the aforementioned markets can be traded commission-free. If you are a newbie in the world of stock market apps, then you might find the eToro Copy Trading tools of interest. This allows you to pick an expert share investor and their copy their portfolio.

It is important to note that each and every feature found on the main desktop website is available on the eToro mobile app. This gives you the best of both worlds. In terms of getting started, eToro trading accounts take just minutes to open. You will need to meet a small minimum deposit of $200 – which is about $300 NZD. The platform allows you to fund your account with several methods – including an NZ debit/credit card, e-wallet, or bank account.

Pros:

  • $300 NZD minimum deposit
  • Super user-friendly online stock broker
  • Buy stocks without paying any commission or share dealing charges
  • 1,700+ stocks listed on 17 international markets
  • Deposit funds with a debit/credit card, e-wallet, or NZ bank account
  • Ability to copy the trades of other users

Cons:

  • Not suitable for advanced traders that like to perform technical analysis

75% of retail investors lose money trading CFDs at this site

2. Plus500 – Commission-Free CFD Trading App

Plus500 is a specialist CFD trading platform that offers thousands of financial markets. This covers stocks from heaps of markets – including New Zealand. Additionally, you can also trade CFDs in the form of ETFs, indices, interest rates, commodities, forex, and more. In particular, New Zealand traders like Plus500 for its commission-free offering.

That is to say, you can trade assets by only paying the spread. In terms of its mobile app – this is available to download for free directly from the Plus500 website. You will then be redirected to the Google Play or Android store – depending on your device.

Once you have the app installed, you will be able to deposit funds instantly with your NZ debit/credit card or Paypal. Bank account transfers are also an option, but this can take several takes to process. Once you are all set up, the Plus500 trading app allows you to apply leverage of up to 1:500. Put simply, this means that a $300 account balance would allow you to enter a position worth up to $150,000.

Additionally, all markets on the Plus500 trading app allow you to choose from a long or short position. This gives you great flexibility and ensures that you have a chance of profiting from both rising and falling markets. Finally, the platform’s regulatory standing is as follows: Plus500AU Pty Ltd (ACN 153301681), licensed by ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546.

Pros:

  • Commission-free CFD provider – only pay the spread
  • Thousands of financial instruments across heaps of markets
  • Ability to trade stock CFDs with leverage of 1:500
  • You can short-sell a company if you think its value will go down
  • Takes just minutes to open an account and deposit funds

Cons:

  • CFDs only
  • More suitable for experienced traders

80.5% of retail investor accounts lose money when trading CFDs

3. IG – Trusted NZ Stock Market App With Over 17,000+ Markets

IG is one of the oldest online brokerage houses from the UK stock trading scene. With that said – it has hundreds of thousands of account holders for all corners of the world – including that of New Zealand. As such, NZ residents can open an account at the click of a button. Before we get to the IG stock market app, it is important to note that the platform has one of the most extensive asset libraries in the space.

This is because you will have access to over 17,000 markets – all of which are in the form of CFDs. In terms of shares, this covers dozens of international stock exchanges. Most importantly, you can also trade share CFDs from the New Zealand Exchange. Each and every CFD market at IG can be traded with leverage. The amount you have available to you will depend on the asset class and whether you are a retail or professional trader.

Much like the other stock market apps we have discussed thus far – IG also allows you to choose from a buy or sell order. Fee-wise, IG allows you to trade all CFD instruments commission-free – apart from stocks. This is because stock CFDs come with a small variable commission that varies depending on the market. For example, US stocks cost 2 cents per tradable share, while UK stocks cost 0.10%.

In terms of compatibility, the IG app is available on both iOS and Android. However, the iOS version does not permit deposit/withdrawals, nor does it allow you to set up pricing alerts. The Android version does not come with any restrictions – meaning that all features/tools found on the main IG website are accessible. In terms of the specifics, IG allows you to deposit funds with an NZ debit/credit or bank account. The app is heavily regulated – including licenses with ASIC and the FCA.

Pros:

  • Trusted NZ broker with a long-standing reputation
  • Good value share dealing services
  • Leverage and short-selling also available
  • Spread betting and CFD products
  • Access to over 13,000 stocks
  • Great research department

Cons:

  • A minimum deposit of £250 (about $490 NZD)
  • US stocks have a $15 minimum commission

4. Capital.com – Great Trading App for Beginners

Capital.com logoIf you’re looking to download a stock market app for the very first time – then you might want to consider Capital.com. This trusted trading app is ideal for beginners – not least because you can get started with a deposit of just £20 (about $40). You can facilitate instantly this via a debit/credit or e-wallet. NZ bank transfers are supported – but once again, this can take a few days to arrive.

The mobile app can be download for free and is available on iOS and Android devices. In terms of what you can trade, Capital.com supports thousands of CFD instruments. This covers indices, cryptocurrencies, forex, commodities, and of course – stock. Supported exchanges include the UK, US, Germany, and many others.

Irrespective of which stock CFD you decide to trade on the Capital.com app – you will not pay any commission. You will also benefit from tight spreads, fee-free deposits and withdrawals, and no inactivity fee. In addition to its low-cost trading suite, Capital.com suits beginners because of its educational material. In fact, you might want to consider downloading the Capital.com educational app – which covers everything there is to know about trading.

When it comes to trading tools, all Capital.com markets can be accessed long and short. All markets can be traded with leverage, too. This is ideal if you only have a small amount of cash but want to enter a larger position. Safety-wise, Capital.com is heavily regulated – including a license with the FCA. As such, you should have no concerns regarding the security of your funds.

Pros:

  • Trade heaps share CFDs and other markets
  • Educational app to learn how to trade
  • AI assistant identifies your weak points
  • Trade ideas generated daily
  • Excellent charting and analysis interface
  • 100% commission free trading

Cons:

  • Cannot build custom trading strategies

72.6% of retail investors lose money trading CFDs at this site.

5. Saxo Bank – Great Stock Market App for Experienced Traders

If you’re based in New Zealand and already possess experience in stock trading – you might want to consider the Saxo Bank application. This Denmark-based broker is hugely popular with seasoned investors that you will have a range of advanced features and tools at your disposal.

For example, the SaxoTraderGo app – which is available on Android and iOS devices, allows you to see up asset-specific news alerts. For example, if you have holdings in Spark and Apple – you can elect to receive a notification on your phone when a relevant news development is published.

There is also live market updates and commentary – posted directly by the Saxo Bank in-house traders. When it comes to sophisticated trading tools – Saxo Bank offers margin and leverage, alongside heaps of market orders. You will also have access to 50+ technical indicators and chart drawing tools.

The app offers access to over 36 global exchanges – which covers stocks, ETFs, futures, options, CFDs, forex, and more. In particular, Saxo Bank lists over 19,000 equities – which is huge. In terms of pricing, stock commissions start from just $3 per investment. If you decide to trade stocks via CFDs, spreads start from just 0.4 pips. Finally, Saxo Bank is heavily regulated – not least because it is a licensed financial institution with a global presence.

Pros:

  • Heavily regulated financial institution
  • 19,000+ stocks supports
  • Access more than 36 global exchanges
  • Stock investments from just $3 per trade
  • Paritcularly popular with seasoned traders
  • Great for technical and financial analysis

Cons:

  • Not suitable for newbies

Your capital is at risk.

How to Choose the Best Stock Trading App for You

Although we have hand-picked a selection of the best stock market apps for you, it is still advisable for you to do your own research. This will ensure that your chosen trading app is 100% suited for your personal investment goals. Additionally, there might come a time when you’re tempted to use a new stock market app that we have previously critiqued.

Regulation

Your first port of call should be to check the regulatory standing of your chosen app. Don’t forget – all stock market apps are provided by traditional online brokers – so they must be in receipt of a license if they wish to accept NZ traders. All five of the apps that we have discussed on this page hold at least one license from a tier-one body. This includes the likes of the FCA, ASIC, and CySEC. Ultimately, if you come across a stock market app that isn’t regulated by a reputable body – avoid it.

Stock Assets

You then need to explore the app to see what stocks it gives you access to. For example, if you are looking to invest in companies listed in the US or UK – your best bet is going to be eToro. Alternatively, if you want to trade companies listed on the New Zealand Exchange – Plus500 and IG are great options to consider.

plus500 search categories

Fees

It goes without saying that you need to have a firm understanding of what fees your chosen stock market app charges. At the forefront of this are commissions and spreads. The former is a fee that you will pay every time you buy, sell, or trade a stock.

Other than IG and Saxo Bank, all of the stock market apps that we have discussed on this page allow you to trade in a commission-free manner.

buy sqqq plus500

Additionally, you should also look at ad-hoc fees. For example, some stock market apps charge a deposit and/or withdrawals. You should also look at whether you will incur any FX charges and if the app has an inactivity fee policy in place.

Platform & Usability

Most investors in New Zealand will buy and sell shares on their standard desktop device – as this generally offers a better all-round trading experience. After all, stock market apps will need to be accessed on a much smaller screen size.

With that said – if and when you get around to using your chosen app to place orders – you’ll want the user-experience to be as seamless as possible.

As a result, you’re better of sticking with apps that are easy and straight forward to use. In our view, eToro offers to best all-round mobile investment experience – as each and every feature has been optimized for your specific operating system.

Trading Tools & Features

The best stock market apps in New Zealand give you access to a plethora of useful tools and features. Some of the most notable are listed below:

  • Fractional Ownership: This allows you to buy a ‘fraction’ of a share. This is especially handy if you want to buy US stocks like Facebook, Apple, or Tesla that are priced in the hundreds of dollars. This feature is available on the eToro app.
  • Leverage: All of the stock market apps listed on this page allow you to trade with leverage. For those of you with a higher appetite for risk, Plus500 offers leverage of up to 1:500.
  • Pricing Alerts: Pricing alerts will notify you when your chosen stock hits a specific price. For example, if you might want to trade Facebook shares the very minute it hits $500.
  • Copy Trading: This feature allows you to copy an expert trader. Each and every position they place will be mirrored in your personal portfolio. eToro is undoubtedly a market leader in this space – with more than 13 million investors using the app.

As always, you can check what features and tools the stock market app will offer before you open an account.

Device Compatibility

Most stock market apps are designed for both Android and iOS phones – as collectively, these operating systems dominate 99%+ of the smartphone space. However, there might be a slight disparity available tools and features depending on the operating system.

For example, the IG app on Android comes with all account features, while the iOS version does not permit deposits or withdrawals. As such, make sure that your chosen stock market app is fully compatible with your respective operating system.

Demo Account

It’s always a good idea to stick with providers that offer a demo account facility. The best stock trading apps usually give you a pre-loaded ‘paper’ balance that allows you to trade stocks in a 100% risk-free manner. Not only does this allow you to build your trading knowledge – but also get to grips with the app in question.

Similarly, seasoned traders like stock apps that come with demo account facilities because it allows them to test out new ideas and strategies.

Payments

For those of you look to trade with real money, you will need to ensure that the app supports your chosen payment method. In New Zealand, the best stock market apps for Android and the best stock apps for iPhone support local debit/credit cards and e-wallets. This will allow you to deposit funds instantly and usually – fee-free.

accepted payment plus500 uk

The vast majority of top stock market apps also allow you to deposit funds via an NZ bank transfer. But, this can take 2-3 working days to clear. In addition to supported payment methods, you should also check what the app’s withdrawals policy is. For example, there might be a minimum amount that you can withdraw.

Customer Service

Although most traders in New Zealand are able to use stock trading apps without needing assistance – that won’t be the case for everyone. As such, you’ll want to access to a top-notch customer support team. We find that the best stock market apps allow you to speak with a live support agent via live chat.

This ensures that you can resolve your query no matter where you are. Failing that, some stock market apps offer a telephone support line. At the other end of the spectrum, some apps only offer customer service via email or a support ticket. Irrespective of your trading skillset – you should probably avoid such apps.

How to Get Started with a Stock App?

Based in New Zealand and looking to get started with the best stock portfolio app right now? If so, we are going to walk you through the setup process with eToro.

As we covered earlier, this heavily regulated stock market app offers over 1,700+ shares from 17 international markets – all of which can be invested in or traded commission-free. By meeting a minimum deposit amount of $300-ish NZD and using an instant payment method – you could make your very first mobile share purchase in less than 10 minutes.

Step 1: Visit the eToro Website and Download its Stock Market App

eToro app downloadVisit the eToro website through your mobile web browser. Then, download the app by clicking on the Google Play/Apple Store image. In doing so, you will be directed to the official download page.

Although you might be tempted to search for the app straight from the respective app store – it’s best to this via eToro. This will ensure that you do not download a ‘fake’ version of the app and thus – you can be 100% sure your sensitive financial information is protected.

Step 2: Open a Stock Market Trading Account

eToro app open accountAs soon as you have downloaded and installed the app onto your phone, eToro will ask you to open an account. Here, you will be asked to enter some personal information and contact details.

  • Full Name
  • Country of Residence
  • Home Address
  • Date of Birth
  • NZ Tax Number
  • Contact Details
  • Username and Password

eToro will also need to verify your identity. All you need to do is take a picture of your NZ passport or driver’s license, alongside a recently issued bank account statement or utility. In most cases, the app will be able to verify your documents in less than a couple of minutes.

Step 3: Deposit Funds

While your documents are being validated, you can proceed to make a deposit. This needs to be at least $200 USD – which is about $300 NZD. You can choose from a debit/credit card, e-wallet, or bank account transfer (not instant). Take note, as you are funding your account in a currency other than USD – you will incur a small FX charge of 0.5%.

Step 4: Trade or Buy Stocks

As soon as you have funded your eToro stock market app, you can then start trading. To show you how straightforward the process is, we are going to illustrate what you need to do to buy Apple shares through the app. Firstly, we need to enter ‘Apple’ into the search and click on the subsequent result that pops up.

 

Next, you will see an order box – much like the below. By default, this will be a ‘buy’ order without leverage – meaning that you are purchasing the underlying asset outright. If this is what you want to do – then it’s just a case of entering your stake. This needs to be at least $50 USD.

To complete your eToro stock purchase, click on the ‘Open Trade’ button.

The Verdict

By reading our guide on the best stock apps of 2020 – you should now have a clearer picture as to which provider is suited for your financial goals. We have also shown you the many factors that you need to look out for prior to making choosing the best stock trading app for you – such as those surrounding fees, regulation, and tradable shares.

With that said – if you want to start trading today via your mobile phone – we would suggest checking out eToro. This FCA, ASIC, and CySEC-regulated broker allows you to invest in other 1,700+ shares, 150+ ETFs, and 16 cryptocurrencies without paying any commission. You won’t need to pay any monthly fees and you can instantly deposit funds with a variety of popular NZ payment methods.

To complete the 10-minute process of opening an account depositing funds, and placing an order – simply click on the link below!

eToro – Overall Best Investment App with 0% Commission

75% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is a stock market app?

A stock market app allows you to buy and sell shares via your mobile phone. The application will be backed by a regulated brokerage house that also offers trading via its main desktop website.

What are the best stock market apps for Android?

This depends on what your financial goals are. If you are looking to buy and sell shares in a simple and cost-effective manner -eToro is going to be the best option on the table. Alternatively, if you're looking to place more sophisticated stock trades with high levels of leverage - you might want to consider Plus500.

Are stock market apps safe?

Yes - stock market apps are safe - but this is on the proviso that the app is backed by a regulated broker. As we noted earlier, your chosen app should hold a tier-one license - such as those issued by ASIC more the FCA.

Can you trade real money on a stock market app?

Yes - you will be using a stock market app that is provided by an online brokerage house. As such, you will be trading with real money. You can typically fund your account with a debit/credit card, e-wallet, or bank wire.

What is the cheapest stock market app?

eToro is generally perceived to be the most cost-effective stock market app in the space. This is because there are no monthly or annual fees, no sign up fees, and most importantly - no trading fees.

Kane Pepi

About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Academically, Kane holds a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and he is currently engaged in a Doctorate Degree researching the money laundering threats of the blockchain economy. Kane is also behind peer-reviewed publications - which includes an in-depth study into the relationship between money laundering and UK bookmakers. You will also find Kane’s material at websites such as MoneyCheck, the Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, and the Malta Association of Compliance Officers.