New Zealand Investment Platform Comparison Calculator 2025
Compare Sharesies vs Hatch vs Interactive Brokers vs Kernel and other NZ investment platforms. Our unbiased fee calculator helps Kiwi investors choose the best broker for US stocks, with detailed analysis of pricing, tax reporting, and FIF calculations. Enter your investment plan below to see real costs and 5-year projections. With 9 brokers and 20 plans analysed, this is New Zealand's most comprehensive share broker comparison tool. Also check out the US500 PIEs vs Index ETFs calculator to compare the benefits and drawbacks of investing in a PIE versus an ETF.
Compare Tiger Brokers vs Sharesies vs Kernel Wealth vs Interactive Brokers vs Hatch vs Stake vs Superhero vs Moomoo vs Eccuity.
I will deposit $ every month, and make auto-invests of $, and trades of $.
| Manual Trades | $2.62 |
|---|---|
| Auto-Invest Trades | $1.31 |
| Forex Fees | $3.28 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $7.21 |
| Referral Bonus (link below) | +$240.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $137,825.73 |
| Impact of Fees 5Y | $192.01 |
IBKR Pro - Tiered pricing is based on trading common stocks in US markets (not penny stocks). Trade fees are assumed to be 0.35 USD per trade with additional pass through fees of 0.05c. Forex fee is calculated as 0.02% of the monthly contribution, capped at 2 USD. Automatic trades incur a different forex fee structure of 0.03% of the amount traded when insufficient local market currency is available. Referral bonus equal to 1% of net deposits within the first year issued as IBKR stock, with a 1 year lock up period and 1000 USD cap.
| Manual Trades | $6.56 |
|---|---|
| Auto-Invest Trades | $3.28 |
| Forex Fees | $3.28 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $13.11 |
| Referral Bonus (link below) | +$240.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $137,418.55 |
| Impact of Fees 5Y | $599.19 |
IBKR Pro - Fixed pricing is based on trading common stocks in US markets (not penny stocks) at 1 USD per trade. Forex fee is calculated as 0.02% of the monthly contribution, capped at 2 USD. Automatic trades incur a different forex fee structure of 0.03% of the amount traded when insufficient local market currency is available. Referral bonus equal to 1% of net deposits within the first year issued as IBKR stock, with a 1 year lock up period and 1000 USD cap.
| Manual Trades | $6.56 |
|---|---|
| Forex Fees | $0.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $6.56 |
| Referral Bonus (link below) | +$50.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $137,157.34 |
| Impact of Fees 5Y | $860.39 |
Tiger Trade charges a forex fee of 0.35%, first $2,000 of currency exchanged every month is free. The first four trades per month are free, after that a fee of 2 USD per trade applies for manual trades. Automatic trades incur a different fee structure of 0.03% of the amount traded. Pass through fees apply. Trades are assumed to be buys or sells of less than 200 shares and not penny stocks.
| Manual Trades | $6.82 |
|---|---|
| Auto-Invest Trades | $3.41 |
| Forex Fees | $0.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $10.23 |
| Referral Bonus (link below) | +$12.30 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $137,114.86 |
| Impact of Fees 5Y | $902.87 |
Moomoo has no forex fee on NZD to USD trades, but a 0.15% forex fee on USD to NZD trades. Manual trades incur a fee of 1 USD per trade, and automatic trades incur a fee of 0.4 USD per trade. There is no subscription fee. Referral bonus requires a level of assets maintained for 30 days as follows: 50 AUD: 3 free stocks, 2000 AUD 7 free stocks, 8000 AUD 12 free stocks. Free stocks are assumed to be $LCID or $SABR valued at an average of 2.5 USD each.
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $8.00 |
| Subscription Fee | $4.17 |
| Total Monthly Fees | $12.17 |
| Sign up bonus | +$25.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $136,649.34 |
| Impact of Fees 5Y | $1368.40 |
Kernel Shares Plus plan has no brokerage fees, but charges a forex fee of 0.6% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.6% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan. We've divided the normal yearly subscription fee into 12 months and credited the offer discount as a sign up bonus.
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $12.00 |
| Subscription Fee | $5.00 |
| Total Monthly Fees | $17.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $136,282.21 |
| Impact of Fees 5Y | $1735.53 |
Kernel Shares Plus plan has no brokerage fees, but charges a forex fee of 0.6% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.6% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan.
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $8.00 |
| Subscription Fee | $12.50 |
| Total Monthly Fees | $20.50 |
| Sign up bonus | +$75.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $136,146.41 |
| Impact of Fees 5Y | $1871.32 |
Kernel Shares Premium plan has no brokerage fees, but charges a forex fee of 0.4% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.4% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan. We've divided the normal yearly subscription fee into 12 months and credited the offer discount as a sign up bonus.
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $8.00 |
| Subscription Fee | $15.00 |
| Total Monthly Fees | $23.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,869.81 |
| Impact of Fees 5Y | $2147.93 |
Kernel Shares Premium plan has no brokerage fees, but charges a forex fee of 0.4% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.4% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan.
| Manual Trades | $8.00 |
|---|---|
| Auto-Invest Trades | $4.00 |
| Forex Fees | $10.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $22.00 |
| Referral Bonus (link below) | +$10.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,814.61 |
| Impact of Fees 5Y | $2203.13 |
Superhero charges a 0.5% forex fee on the monthly contribution, and a flat 2 USD fee per trade or 0.01% for orders above $20,000 USD. Refer a friend and you’ll both receive US$10 of Nvidia stock when they fund their account within 30 days.
| Manual Trades | $9.50 |
|---|---|
| Forex Fees | $10.00 |
| Subscription Fee | $3.00 |
| Total Monthly Fees | $22.50 |
| Referral Bonus (link below) | +$5.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,781.49 |
| Impact of Fees 5Y | $2236.24 |
Sharesies allow up to $500 of manual orders and $1,000 of auto-invest orders on the $3 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution.
| Manual Trades | $0.00 |
|---|---|
| Auto-Invest Trades | $2.65 |
| Forex Fees | $14.00 |
| Subscription Fee | $10.00 |
| Total Monthly Fees | $26.65 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,645.28 |
| Impact of Fees 5Y | $2372.45 |
Eccuity Invest Plus has a $10 monthly subscription and charges 1% forex on NZD deposits and withdrawals. There is a 0.4% fee on the amount traded, with a 2 USD cap per trade. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $10.00 |
| Subscription Fee | $15.00 |
| Total Monthly Fees | $25.00 |
| Referral Bonus (link below) | +$5.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,609.83 |
| Impact of Fees 5Y | $2407.90 |
Sharesies allow up to $5,000 of manual orders and $10,000 of auto-invest orders on the $15 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution. You'll also get access to NZX market depth, US live pricing, and earn Airpoints Dollars™.
| Manual Trades | $4.00 |
|---|---|
| Auto-Invest Trades | $4.00 |
| Forex Fees | $20.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $28.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,552.23 |
| Impact of Fees 5Y | $2465.50 |
Eccuity Invest has no monthly subscription and charges 1% forex on NZD deposits and withdrawals. There is a 0.4% fee on the amount traded, with no cap on the free plan. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn.
| Manual Trades | $0.00 |
|---|---|
| Forex Fees | $30.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $30.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $135,388.68 |
| Impact of Fees 5Y | $2629.06 |
Kernel Shares Core plan has no brokerage fees, but charges a forex fee of 1.5% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 1.5% on US shares and ETFs.
| Manual Trades | $17.10 |
|---|---|
| Forex Fees | $10.00 |
| Subscription Fee | $7.00 |
| Total Monthly Fees | $34.10 |
| Referral Bonus (link below) | +$5.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $134,984.99 |
| Impact of Fees 5Y | $3032.74 |
Sharesies allow up to $1,000 of manual orders and $3,000 of auto-invest orders on the $7 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution. You'll also get to earn Airpoints Dollars™ on the $7 plan.
| Manual Trades | $19.67 |
|---|---|
| Auto-Invest Trades | $9.84 |
| Forex Fees | $10.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $39.51 |
| Referral Bonus (link below) | +$10.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $134,604.23 |
| Impact of Fees 5Y | $3413.51 |
Hatch charges a 0.5% forex fee on the monthly contribution, and a flat 3 USD fee per trade.
| Manual Trades | $19.00 |
|---|---|
| Auto-Invest Trades | $16.39 |
| Forex Fees | $10.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $45.39 |
| Referral Bonus (link below) | +$5.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $134,209.54 |
| Impact of Fees 5Y | $3808.20 |
Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution.
| Manual Trades | $0.00 |
|---|---|
| Auto-Invest Trades | $2.65 |
| Forex Fees | $10.00 |
| Subscription Fee | $40.00 |
| Total Monthly Fees | $52.65 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $133,856.44 |
| Impact of Fees 5Y | $4161.30 |
Eccuity Invest Pro has a $40 monthly subscription and charges 0.5% forex on NZD deposits and withdrawals. There is a 0.2% fee on the amount traded, with a 2 USD cap per trade, and $100k USD of free trade volume. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn
| Manual Trades | $19.67 |
|---|---|
| Auto-Invest Trades | $9.84 |
| Forex Fees | $20.00 |
| Subscription Fee | $0.00 |
| Total Monthly Fees | $49.51 |
| Referral Bonus (link below) | +$10.00 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $133,244.51 |
| Impact of Fees 5Y | $4773.22 |
Stake charges a 1% forex fee on the monthly contribution, and a flat 3 USD fee per trade or 0.01% for orders above $30,000.
| Manual Trades | $0.00 |
|---|---|
| Auto-Invest Trades | $2.65 |
| Forex Fees | $6.00 |
| Subscription Fee | $125.00 |
| Total Monthly Fees | $133.65 |
| Value After 5 Years (lumpsum withdrawal net of fees) | $128,283.49 |
| Impact of Fees 5Y | $9734.25 |
Eccuity Private has a $125 monthly subscription and charges 0.3% forex on NZD deposits and withdrawals. There is a 0.1% fee on the amount traded, with a 2 USD cap per trade, and $1M USD of free trade volume. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn
New Zealand Investment Platform Comparison: Which Broker is Right for You?
Sharesies vs Hatch: The Popular Choice for Kiwi Investors
When comparing Sharesies vs Hatch, both platforms excel at making investing accessible to New Zealanders. Sharesies offers a unique advantage with its fractional shares feature, allowing you to invest small amounts in expensive stocks like Apple or Tesla. Their tiered pricing structure ($3, $7, and $15 plans) makes it cost-effective for regular investors using dollar cost averaging strategies.
Hatch focuses exclusively on US stocks and provides excellent educational resources for beginners. Both Sharesies and Hatch make tax reporting easier by providing detailed dividend statements formatted for IRD reporting, and both offer FIF (Foreign Investment Fund) tax calculation tools to help with your annual tax obligations.
For families, both platforms offer kids investment accounts with reduced fees, making them excellent choices for teaching children about investing and building long-term wealth through compound growth.
Interactive Brokers vs Other NZ Platforms: Professional vs Simplified
Interactive Brokers (IBKR) stands out with over 2 million customers worldwide and access to securities across multiple global markets - not just US stocks. While platforms like Stake and Hatch limit you to US securities only, IBKR provides access to European, Asian, and other international markets.
However, IBKR's professional-grade platform can be overwhelming for beginners. The tiered pricing structure offers competitive rates for active traders but may not be ideal for simple dollar cost averaging strategies that most Kiwi investors prefer.
Kernel vs Eccuity: Managed vs Self-Directed Investing
Kernel bridges the gap between traditional managed funds and DIY investing, offering both individual stocks and professionally managed portfolios. Their Core, Plus, and Premium tiers cater to different investment amounts and needs.
Eccuity targets more sophisticated investors with their Private plan offering substantial free trading volume ($1M USD annually) but requires a higher monthly subscription. Like other NZ platforms, Eccuity provides FIF tax calculation reports to simplify your tax obligations.
Stake vs Superhero vs Tiger: International Options
These international platforms offer competitive pricing but may lack some NZ-specific features. Stake and Superhero focus primarily on US and Australian markets respectively, while Tiger provides broader Asian market access. Consider the complexity of tax reporting when choosing international platforms over NZ-based solutions.
Investment Strategies: Making Your Money Work Harder
Dollar Cost Averaging: The Kiwi Investor's Best Friend
Dollar cost averaging (DCA) is particularly effective in the New Zealand market due to our smaller investor base and higher volatility. By investing a fixed amount regularly (like the $2,000 monthly default in our calculator), you buy more shares when prices are low and fewer when prices are high, smoothing out market fluctuations over time.
Most NZ platforms support automatic investing features that make DCA effortless. Sharesies' auto-invest feature, Hatch's scheduled investments, and Kernel's automated portfolios all facilitate this proven investment strategy.
Tax-Efficient Investing for New Zealanders
Understanding FIF (Foreign Investment Fund) rules is crucial for Kiwi investors. When your foreign investments exceed $50,000, you're required to pay tax on a deemed return, or comparative value (unrealized capital gains) regardless of actual gains or losses. Platforms like Sharesies, Hatch, Kernel, and Eccuity provide calculation tools to help manage this complexity.
Consider investing in PIE funds (Portfolio Investment Entities) for tax efficiency once your portfolio cost basis is nearing the $50k de minimis, as this will allow you to keep your stock portfolio tax-efficient.
Building a Diversified Portfolio
While US stocks dominate most NZ investment platforms, true diversification includes exposure to different markets, sectors, and asset classes. Interactive Brokers excels here with global market access, while Sharesies offers some NZ and Australian options alongside US securities. Consider your risk tolerance and investment timeline when building your portfolio.
Choosing the Right Platform: Key Considerations
Best for Beginners:
- Sharesies - fractional shares and educational content
- Hatch - US market focus with great learning resources
- Kernel - managed portfolio options
Best for Active Traders:
- Interactive Brokers - lowest costs for high volume
- Eccuity Private - substantial free trading volume
- Tiger Trade - competitive pricing with promotions
Best for Tax Simplicity:
- Sharesies - comprehensive NZ tax reporting
- Hatch - IRD-friendly dividend statements
- Kernel - integrated tax calculation tools
Best for Families:
- Sharesies - kids accounts with low fees with a $1/mo kids plan.
- Hatch - family-friendly education and kids accounts with 50c USD trades.
Getting Started: Your Investment Journey
The best investment platform is the one you'll actually use consistently. Start with our calculator above to understand the real cost impact of different fee structures on your specific investment plan. Remember that small differences in fees compound significantly over time - the 5-year projections show how choosing the right platform can save thousands of dollars.
Whether you choose the simplicity of Sharesies, the US market focus of Hatch, the global reach of Interactive Brokers, or the managed approach of Kernel, the most important step is to start investing regularly and let compound growth work in your favor.
Disclosure:
This is not financial advice. The information displayed on this page is gathered on a best effort basis. It is your responsibility to understand the current pricing, terms and conditions before signing up to a broker. Pricing information was captured in July 2025. Prices are in NZD unless stated otherwise. Withdrawals are assumed to be executed with 5 sell trades on the same date using the most cost effective plan for the volume being traded.
Assumptions:
1 NZD = 0.61 USD
Growth rate = 7.0%
- Interactive Brokers - IBKR Pro - Tiered: IBKR Pro - Tiered pricing is based on trading common stocks in US markets (not penny stocks). Trade fees are assumed to be 0.35 USD per trade with additional pass through fees of 0.05c. Forex fee is calculated as 0.02% of the monthly contribution, capped at 2 USD. Automatic trades incur a different forex fee structure of 0.03% of the amount traded when insufficient local market currency is available. Referral bonus equal to 1% of net deposits within the first year issued as IBKR stock, with a 1 year lock up period and 1000 USD cap.
- Interactive Brokers - IBKR Pro - Fixed: IBKR Pro - Fixed pricing is based on trading common stocks in US markets (not penny stocks) at 1 USD per trade. Forex fee is calculated as 0.02% of the monthly contribution, capped at 2 USD. Automatic trades incur a different forex fee structure of 0.03% of the amount traded when insufficient local market currency is available. Referral bonus equal to 1% of net deposits within the first year issued as IBKR stock, with a 1 year lock up period and 1000 USD cap.
- Tiger Brokers - 1st Time Promotional Transaction Plan: Tiger Trade charges a forex fee of 0.35%, first $2,000 of currency exchanged every month is free. The first four trades per month are free, after that a fee of 2 USD per trade applies for manual trades. Automatic trades incur a different fee structure of 0.03% of the amount traded. Pass through fees apply. Trades are assumed to be buys or sells of less than 200 shares and not penny stocks.
- Moomoo - Moomoo: Moomoo has no forex fee on NZD to USD trades, but a 0.15% forex fee on USD to NZD trades. Manual trades incur a fee of 1 USD per trade, and automatic trades incur a fee of 0.4 USD per trade. There is no subscription fee. Referral bonus requires a level of assets maintained for 30 days as follows: 50 AUD: 3 free stocks, 2000 AUD 7 free stocks, 8000 AUD 12 free stocks. Free stocks are assumed to be $LCID or $SABR valued at an average of 2.5 USD each.
- Kernel Wealth - Plus - $25/Year offer: Kernel Shares Plus plan has no brokerage fees, but charges a forex fee of 0.6% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.6% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan. We've divided the normal yearly subscription fee into 12 months and credited the offer discount as a sign up bonus.
- Kernel Wealth - Plus: Kernel Shares Plus plan has no brokerage fees, but charges a forex fee of 0.6% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.6% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan.
- Kernel Wealth - Premium - $75/yr Offer: Kernel Shares Premium plan has no brokerage fees, but charges a forex fee of 0.4% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.4% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan. We've divided the normal yearly subscription fee into 12 months and credited the offer discount as a sign up bonus.
- Kernel Wealth - Premium: Kernel Shares Premium plan has no brokerage fees, but charges a forex fee of 0.4% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 0.4% on US shares and ETFs. Auto-Invest and FIF tax calculations are supported on this plan.
- Superhero - Standard: Superhero charges a 0.5% forex fee on the monthly contribution, and a flat 2 USD fee per trade or 0.01% for orders above $20,000 USD. Refer a friend and you’ll both receive US$10 of Nvidia stock when they fund their account within 30 days.
- Sharesies - $3 Plan: Sharesies allow up to $500 of manual orders and $1,000 of auto-invest orders on the $3 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution.
- Eccuity - Invest Plus: Eccuity Invest Plus has a $10 monthly subscription and charges 1% forex on NZD deposits and withdrawals. There is a 0.4% fee on the amount traded, with a 2 USD cap per trade. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn
- Sharesies - $15 Plan: Sharesies allow up to $5,000 of manual orders and $10,000 of auto-invest orders on the $15 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution. You'll also get access to NZX market depth, US live pricing, and earn Airpoints Dollars™.
- Eccuity - Invest: Eccuity Invest has no monthly subscription and charges 1% forex on NZD deposits and withdrawals. There is a 0.4% fee on the amount traded, with no cap on the free plan. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn.
- Kernel Wealth - Core: Kernel Shares Core plan has no brokerage fees, but charges a forex fee of 1.5% on US shares and ETFs. Kernel does NOT support multicurrency accounts, so all trades are in NZD. This means that all trades effectively incur a forex fee of 1.5% on US shares and ETFs.
- Sharesies - $7 Plan: Sharesies allow up to $1,000 of manual orders and $3,000 of auto-invest orders on the $7 plan. After these limits are exceeded Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution. You'll also get to earn Airpoints Dollars™ on the $7 plan.
- Hatch - Standard: Hatch charges a 0.5% forex fee on the monthly contribution, and a flat 3 USD fee per trade.
- Sharesies - Pay as you go: Sharesies charges a 1.9% transaction fee on the amount invested (or sold), up to a fee cap of $5 USD for US shares, $15 AUD for Aussie shares, and $25 NZD for NZ shares. There’s no transaction fee on orders for managed funds (funds not listed on an exchange). Forex fee is calculated as 0.5% of the monthly contribution.
- Eccuity - Invest Pro: Eccuity Invest Pro has a $40 monthly subscription and charges 0.5% forex on NZD deposits and withdrawals. There is a 0.2% fee on the amount traded, with a 2 USD cap per trade, and $100k USD of free trade volume. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn
- Stake - Standard: Stake charges a 1% forex fee on the monthly contribution, and a flat 3 USD fee per trade or 0.01% for orders above $30,000.
- Eccuity - Eccuity Private: Eccuity Private has a $125 monthly subscription and charges 0.3% forex on NZD deposits and withdrawals. There is a 0.1% fee on the amount traded, with a 2 USD cap per trade, and $1M USD of free trade volume. Lump sum withdrawal fee is calculated using the most cost effective plan for the amount withdrawn