{
  "site": "https://etfs.co.nz",
  "name": "ETFs.co.nz canonical NZ-investment-platform data",
  "license": "https://etfs.co.nz/terms/",
  "citation": "Source: ETFs.co.nz, https://etfs.co.nz/data/platforms.json, retrieved 2026-05-02.",
  "methodology": "Platform fees, market access, custody model, and tax structure compiled from each platform's published rate card and FMA notice. Reviewed monthly; verify on each platform's site before transacting.",
  "refresh_cadence": "Monthly fee + market-access review; FMA-licence status checked quarterly.",
  "updated": "2026-05-02",
  "count": 11,
  "platforms": [
    {
      "slug": "sharesies",
      "name": "Sharesies",
      "url": "https://sharesies.nz",
      "domain": "sharesies.nz",
      "review_url": "https://etfs.co.nz/platform/sharesies/",
      "description": "NZ retail-friendly platform with NZ, ASX, and US market access.",
      "markets": [
        "NZX",
        "ASX",
        "NYSE/NASDAQ"
      ],
      "fee_summary": "0.5%–1.9% per trade · Optional plans NZ$1.50–15/mo",
      "fee_detail": "Brokerage 1.9% (≤ NZ$1K), 0.5% (> NZ$1K). FX 0.4% on AUD/USD. Optional Save plans NZ$1.50–15/mo for fee discounts.",
      "min_deposit": "NZ$0",
      "fx_fee": "0.40%",
      "tax_structure": "Direct (FIF on US shares > NZ$50K) / NZ-PIE on Smartshares ETFs",
      "custody": "Nominee",
      "regulator": "FMA",
      "suited_for": "Beginners, fractional shares, mixing NZ + US ETFs",
      "pros": [
        "NZ$0 minimum",
        "Three markets",
        "Fractional shares",
        "NZ tax reporting helper"
      ],
      "cons": [
        "FX fee on US trades",
        "Brokerage adds up on small frequent trades"
      ]
    },
    {
      "slug": "hatch",
      "name": "Hatch",
      "url": "https://hatchinvest.nz",
      "domain": "hatchinvest.nz",
      "review_url": "https://etfs.co.nz/platform/hatch/",
      "description": "NZ-built US share platform owned by Kiwi Wealth (now part of Fisher Funds).",
      "markets": [
        "NYSE/NASDAQ"
      ],
      "fee_summary": "US$3 per trade · 0.50% FX",
      "fee_detail": "Flat US$3 per trade. FX 0.50% (one-way) on NZD↔USD conversion. No monthly account fee.",
      "min_deposit": "NZ$0",
      "fx_fee": "0.50%",
      "tax_structure": "Direct (FIF on holdings > NZ$50K)",
      "custody": "Nominee (DriveWealth-linked)",
      "regulator": "FMA",
      "suited_for": "NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI)",
      "pros": [
        "No monthly fee",
        "Clean US-focused interface",
        "Supports auto-invest"
      ],
      "cons": [
        "US markets only — no NZX or ASX",
        "Higher FX fee than IB"
      ]
    },
    {
      "slug": "stake",
      "name": "Stake",
      "url": "https://hellostake.com/nz",
      "domain": "hellostake.com",
      "review_url": "https://etfs.co.nz/platform/stake/",
      "description": "Australian-built US share platform with commission-free trades.",
      "markets": [
        "NYSE/NASDAQ"
      ],
      "fee_summary": "US$0 trades · 0.7% FX (free Stake Black tier optional)",
      "fee_detail": "Standard: US$0 trades, 0.7% FX. Stake Black: 0% FX above tier minimums.",
      "min_deposit": "NZ$0",
      "fx_fee": "0.70%",
      "tax_structure": "Direct (FIF on holdings > NZ$50K)",
      "custody": "Nominee",
      "regulator": "FMA / ASIC",
      "suited_for": "Frequent US-share traders who hate per-trade fees",
      "pros": [
        "Commission-free",
        "Fast execution",
        "Decent mobile app"
      ],
      "cons": [
        "US markets only",
        "FX fee is on the high side at standard tier"
      ]
    },
    {
      "slug": "interactive-brokers",
      "name": "Interactive Brokers",
      "url": "https://www.interactivebrokers.com",
      "domain": "interactivebrokers.com",
      "review_url": "https://etfs.co.nz/platform/interactive-brokers/",
      "description": "Global broker. Among the lowest all-in fees of platforms reviewed once the interface curve is climbed.",
      "markets": [
        "NYSE/NASDAQ",
        "NZX",
        "ASX",
        "LSE",
        "HKEX",
        "TSE"
      ],
      "fee_summary": "From US$0 (Tiered) · ~0.002% FX",
      "fee_detail": "IBKR Lite (US): US$0 commissions. IBKR Pro: from US$0.0035/share (min US$0.35). FX spread ~0.002% (lowest published of platforms reviewed). No platform fees for accounts > US$2K.",
      "min_deposit": "US$0 (some account types US$10K)",
      "fx_fee": "~0.002%",
      "tax_structure": "Direct (FIF on holdings > NZ$50K)",
      "custody": "Nominee, SIPC-protected",
      "regulator": "FMA notified · SEC / FCA / ASIC etc.",
      "suited_for": "Larger portfolios, frequent traders, multi-market investors",
      "pros": [
        "Cheapest FX in NZ",
        "Global market access",
        "Professional tools"
      ],
      "cons": [
        "Steep learning curve",
        "Tax reporting onus on you",
        "No NZ retail support team"
      ]
    },
    {
      "slug": "tiger-brokers",
      "name": "Tiger Brokers",
      "url": "https://www.tigerbrokers.co.nz",
      "domain": "tigerbrokers.co.nz",
      "review_url": null,
      "description": "Singapore-listed broker with NZ retail license; US/AU/NZ markets.",
      "markets": [
        "NYSE/NASDAQ",
        "NZX",
        "ASX",
        "HKEX"
      ],
      "fee_summary": "US$1.99 per US trade · NZ$2 per NZX trade",
      "fee_detail": "US: US$1.99 commission, US$0.005/share. NZX: NZ$2/trade. ASX: AU$2/trade. FX 0.50%.",
      "min_deposit": "NZ$0",
      "fx_fee": "0.50%",
      "tax_structure": "Direct (FIF on holdings > NZ$50K)",
      "custody": "Nominee",
      "regulator": "FMA",
      "suited_for": "NZ investors who want NZ + US + Asian markets in one account",
      "pros": [
        "Multi-market",
        "Low per-trade cost",
        "Strong Asian-market coverage"
      ],
      "cons": [
        "Newer NZ presence",
        "UI is denser than Sharesies/Hatch"
      ]
    },
    {
      "slug": "kernel",
      "name": "Kernel",
      "url": "https://kernelwealth.co.nz",
      "domain": "kernelwealth.co.nz",
      "review_url": "https://etfs.co.nz/platform/kernel/",
      "description": "NZ-domiciled fund manager + brokerage for NZX / Kernel funds.",
      "markets": [
        "Kernel funds",
        "NZX"
      ],
      "fee_summary": "NZ$0 brokerage on Kernel funds · 0.25% management fee",
      "fee_detail": "Kernel funds: 0.25% TER, no brokerage. NZX shares: NZ$5/trade (added 2024). No monthly fee under NZ$25K.",
      "min_deposit": "NZ$1",
      "fx_fee": "N/A (NZD funds)",
      "tax_structure": "PIE",
      "custody": "NZ Trust",
      "regulator": "FMA",
      "suited_for": "PIE-tax simplicity, low-cost passive NZ + global index funds",
      "pros": [
        "Cheapest TER on Kernel funds",
        "PIE = no FIF",
        "NZ-based support"
      ],
      "cons": [
        "Kernel-funds focused (limited share range)",
        "Not for active traders"
      ]
    },
    {
      "slug": "investnow",
      "name": "InvestNow",
      "url": "https://investnow.co.nz",
      "domain": "investnow.co.nz",
      "review_url": null,
      "description": "NZ-based fund supermarket with Smartshares ETFs and 200+ wholesale funds.",
      "markets": [
        "Smartshares ETFs",
        "InvestNow funds (managed)"
      ],
      "fee_summary": "NZ$0 platform fee · Fund fees apply",
      "fee_detail": "No platform / brokerage / FX fees. Each fund has its own TER (Smartshares ~0.34–0.75%). Min NZ$50/fund (regular), NZ$250 lump sum.",
      "min_deposit": "NZ$50",
      "fx_fee": "N/A (PIE structure)",
      "tax_structure": "PIE (most funds)",
      "custody": "NZ Trust",
      "regulator": "FMA",
      "suited_for": "Buy-and-hold investors stacking Smartshares + multi-manager funds",
      "pros": [
        "Zero platform fee",
        "Wide fund choice",
        "PIE tax simplicity"
      ],
      "cons": [
        "No direct shares",
        "Per-fund minimums",
        "No live pricing"
      ]
    },
    {
      "slug": "bnz-direct-broking",
      "name": "BNZ Direct Broking",
      "url": "https://www.directbroking.co.nz",
      "domain": "directbroking.co.nz",
      "review_url": null,
      "description": "BNZ-owned NZX broker offering NZ + AU equity execution.",
      "markets": [
        "NZX",
        "ASX"
      ],
      "fee_summary": "NZ$30 per NZX trade · AU$30 per ASX trade",
      "fee_detail": "NZX: NZ$30/trade or 0.30% (whichever higher) up to NZ$15K; tiered above. ASX: AU$30 or 0.30%. No platform fee.",
      "min_deposit": "NZ$0",
      "fx_fee": "~0.50% (NZD↔AUD)",
      "tax_structure": "Direct",
      "custody": "NZX Sponsored / CHESS",
      "regulator": "FMA / NZX Participant",
      "suited_for": "Holders who want CHESS-sponsored Australian shares",
      "pros": [
        "CHESS sponsorship",
        "BNZ-backed",
        "NZ + AU markets"
      ],
      "cons": [
        "Per-trade brokerage is steep for small trades",
        "Older interface"
      ]
    },
    {
      "slug": "jarden-direct",
      "name": "Jarden Direct",
      "url": "https://www.jardendirect.co.nz",
      "domain": "jardendirect.co.nz",
      "review_url": null,
      "description": "Jarden retail brokerage (formerly OMF Financial Services).",
      "markets": [
        "NZX",
        "ASX",
        "NYSE/NASDAQ",
        "LSE"
      ],
      "fee_summary": "NZ$29.90 per NZX trade · US$25 per US trade",
      "fee_detail": "NZX/ASX: NZ$29.90 base + 0.10% (over NZ$30K). US: US$25/trade. LSE: from £30. Online interface.",
      "min_deposit": "NZ$0",
      "fx_fee": "~0.40%",
      "tax_structure": "Direct",
      "custody": "NZX Sponsored",
      "regulator": "FMA / NZX Participant",
      "suited_for": "Larger NZX trades and global market access through one NZ broker",
      "pros": [
        "Multi-market access",
        "NZ-licensed full-service backing",
        "Sponsored holdings"
      ],
      "cons": [
        "Not for small frequent trades",
        "US execution is more expensive than Hatch/Stake"
      ]
    },
    {
      "slug": "asb-securities",
      "name": "ASB Securities",
      "url": "https://www.asb.co.nz/online-share-trading",
      "domain": "asb.co.nz",
      "review_url": null,
      "description": "ASB Bank-owned NZX broker with integrated banking.",
      "markets": [
        "NZX",
        "ASX",
        "NYSE/NASDAQ",
        "LSE"
      ],
      "fee_summary": "NZ$30 per NZX trade · US$70 per US trade",
      "fee_detail": "NZX: NZ$30 (≤ NZ$1K), 0.30% above. ASX: AU$30 or 0.30%. US: US$70/trade (high). NZ$0 platform fee with ASB account.",
      "min_deposit": "NZ$0 (ASB customer)",
      "fx_fee": "Bank rates (~1%)",
      "tax_structure": "Direct",
      "custody": "NZX Sponsored",
      "regulator": "FMA / NZX Participant",
      "suited_for": "Existing ASB customers wanting one login for banking + brokerage",
      "pros": [
        "ASB-integrated",
        "CHESS sponsored",
        "NZ + AU + US + UK"
      ],
      "cons": [
        "US trades expensive",
        "FX is bank-rate, not wholesale"
      ]
    },
    {
      "slug": "smartshares-direct",
      "name": "Smartshares (direct)",
      "url": "https://smartshares.co.nz",
      "domain": "smartshares.co.nz",
      "review_url": null,
      "description": "Smartshares ETFs are NZX-listed — buy via any NZX broker, or direct via Smartshares website for set-up.",
      "markets": [
        "NZX (Smartshares family only)"
      ],
      "fee_summary": "NZX broker fees apply · ETF TER 0.34%–0.75%",
      "fee_detail": "No direct-purchase platform — Smartshares ETFs trade on the NZX via any broker on this list (Sharesies, Tiger, BNZ, Jarden, ASB). InvestNow offers them with NZ$0 brokerage but per-fund minimums.",
      "min_deposit": "Broker-dependent",
      "fx_fee": "N/A",
      "tax_structure": "PIE",
      "custody": "Broker-dependent",
      "regulator": "FMA (Smartshares as issuer)",
      "suited_for": "Investors who only want Smartshares ETFs and want PIE tax simplicity",
      "pros": [
        "37+ NZX-listed ETFs",
        "PIE tax",
        "NZ-domiciled (no FIF)"
      ],
      "cons": [
        "No standalone trading platform",
        "Buy via broker"
      ]
    }
  ]
}