Best stock trading platform in New Zealand
The quality of the platform, its design and functionality, the very issue of introducing modern technologies - all this is the primary task of the broker.
We reviewed the many offers in the New Zealand brokerage market and selected the best online stock trading platform.
What is the best online trading platform for trading stocks in New Zealand?
The best online trading platform is primarily an interactive trading room that allows you to open up to nine charts in one window. At the same time, each of the graphs retains its full functionality. You can change the charts in places, change the size of the windows and their type of arrangement as you like, for example, you can open one chart for the last 15 minutes, next to it for the last 3 hours, and the same for the last day. Thus, all trends will be visible at the same time, which will undoubtedly help you in making a decision. Now you have access to the history of quotes up to two years old. This gives a truly global perspective on the picture.
IQ Option decided to create the world's first webgl-based trading platform. There has never been anything like it in the binary options industry, Forex, or stock trading. Webgl technology uses the resources of the video card, which is much faster at solving graphics problems. This allows all graphic components to be loaded instantly. Thanks to this, the platform's performance has increased fivefold. The slightest price changes are now displayed at the same second. With webgl technology, users will have incredible control over the trading process.
A completely new design was developed, which was changed based on the wishes of the traders. Now you can change color schemes, window arrangement and use new types of charts. It is very convenient.
In addition, some of the most popular indicators among traders have been added - MACD, Parabolic SAR, Stochastic oscillator, as well as such an instrument as Fibonacci Lines.
This significantly expands the range of possible trading strategies and helps to make even more accurate forecasts of market changes.
There is not only a mobile, but also a desktop version of the platform. This gives traders not only convenient use, but also triples the speed of work. The platform is supported on all types of browsers. Now it doesn't matter what operating system or browser you use, Windows or OS X, Chrome or Safari. At the same time, all settings of charts and tabs are saved between trading sessions in the browser and in the application itself.
Let's take a closer look at the capabilities of the platforms.
Ease of Use
We believe that the ease of use of the platform is one of the main conditions when choosing a broker. You must clearly understand how the system works so that you do not lose your funds due to a simple technical error. A trader spends a lot of effort and energy on tracking market trends and analyzing, so it is important that there is a comfortable environment for making transactions. You actually do all the transactions yourself online, so the simplicity of their execution will contribute to your productivity and good results. What do we mean by ease of use of the platform? First of all, easy and fast registration. By choosing a broker, you do not have to wait hours and days to gain access to the system or confirm registration. Registration on our platform is fast, you just need to spend up to five minutes that your account was ready to work. Everything happens in three clicks: go to the broker's website and select the "registration" option, fill out the form, confirm the registration via email. All this is quick and very easy.
After logging into the system, you will be given the opportunity to work on a demo account, which works in the same way as a real account. The system credits fictitious money to the demo account so that you can practice trading and try in practice to make transactions of buying and selling assets, using a multiplier, stop loss and take profit functions. The system provides a fictitious amount of $ 10,000 - more than enough for your training. If this amount is still not enough for you, you can always replenish fictitious funds on the account - this can be done an infinite number of times. The use of a demo account is not limited in time.
The platform also offers very simple methods of replenishing a real account - just select the option "replenish a deposit" on the platform and you will see a list of available payment systems for transferring money. The platform cooperates with such payment systems as WebMoney, AdvCash, Skrill, Perfect money, Neteller. You can also top up with a credit card. The limits are low and pleasant. So, the minimum amount of replenishment of the deposit is only $ 10, and the minimum withdrawal amount is even less - only $ 2.
As you can see, all the initial operations are very simple to perform and do not require any special skills and knowledge. Later, in the course of active use of the platform, you will see that it is technically easy to perform more complex operations. The platform has an intuitive interface and all the necessary functions and commands are conveniently located on the panel. In addition, there are tooltip pop-up windows that will remind you of the purpose of a particular button.
On the platform, you will see a variety of financial instruments: stocks, ETFs, commodities, indices, cryptocurrencies and Forex. Explore and trade major, minor and exotic currency pairs with effective spreads by selecting the Forex section.
The financial products offered by the company include Contracts for Difference (CFDs) and other complex financial products. Trading CFDs carries a high level of risk as leverage can work to your advantage or to your detriment. As a result, CFDs may not be suitable for all investors, because all invested capital can be lost. You should never invest money that you cannot afford to lose. Make sure you understand the risks involved before trading on offered complex financial products.
The platform has refined its offering and introduced many new products to continue to provide its clients with the ultimate online trading experience and help them optimize their investment portfolio. Now, using the platform, traders can try out currency pair CFDs, stock CFDs, commodity CFDs, cryptocurrency CFDs, and ETF CFDs.
The ability to speculate CFDs on hard or soft commodities such as gold, silver, oil and grains - in the Commodities section.
Alternatively, select from the list of CFDs on widely traded indices representing a specific market sector or national economy.
Stock CFDs allow you to trade shares of leading companies and industry giants without actually owning them.
After choosing ETFs, diversify your trading with CFDs on Exchange Traded Funds where multiple assets are collected in one basket.
The platform is simply packed with different tools for convenient trading and analysis capabilities. Focusing on the needs of traders, the developers have added a button "indicators", "multiplier", as well as stop loss, take profit and others right to the working panel.
Technical analysis indicators, or computer indicators, are tools that make certain calculations according to given formulas based on the indicators of the price chart, and then automatically produce the result. Most often, indicators look like graphical constructions (lines, histograms, etc.) that are automatically plotted on the chart.
Each indicator is based on a formula in which the values of the price chart act as variables. Some parameters can be configured by the user himself. After all the parameters and values are determined, the indicator is superimposed on the chart, and the trader receives a visual signal to enter the market or exit a trade.
On the platform, you will find almost all types of indicators known among traders.
In addition to analysis tools, there are trading tools.
In the panel on the right, you will see the multiplier option, by activating it you enable the leverage function. With the help of leverage, you can easily increase the starting amount and the possible profit from the operation. However, do not forget that in this way you also increase the risks.
The ability to use functions such as stop loss and take profit is an absolute plus when choosing a platform.
A stop loss is an order for a broker to automatically sell a stock when quotes fall to a certain level. A kind of loss limiter.
Stop loss insures the investor against too large losses. It is believed that it is very dangerous to trade the market without using a stop loss. Stop loss is also useful when the investor does not have time to continuously sit at the terminal, monitoring the dynamics of quotes. It will help limit losses in the event of force majeure - power outages or malfunctions on the stock exchange.
Finally, a stop loss will save the money invested if the investor misjudged the situation during the trading process. For example, if it seemed to him that the downward trend in prices would end soon and the shares would win back losses, but his expectations did not come true, and the paper continues to fall.
If stop loss limits the amount of losses, then take profit is the amount of profit. The investor determines the price at which the broker will automatically sell the shares after they rise.
Take-profit can protect against force majeure, technical problems, as well as against incorrect assessment of the market situation.
A trader needs information to assess the current situation and the possibility of market analysis. Therefore, the success of future operations largely depends on how well he is informed.
The developers understand this well, so they added a whole "News" section to the platform, where you will see links to the latest events in the world of the economy that can affect asset prices.
The best articles are published here only from reliable and trusted sources of information. You can display the news feed directly on your desktop by placing it near the quotes chart. This way you won't miss anything important.
Speaking about the information content of the platform, one should also remember the section "training". This section is especially useful for newbies. Here you will find video tutorials on all topics that interest you, from the basics of investing to trading in derivatives.
Another plus in favor of the information content of the platform is the presence of an "information" tab under each asset, clicking on which, you will see the asset price, trading time, spreads and commissions, statistics and mood of traders on the asset, and so on. All this information is updated non-stop, in real mode, reflecting the real picture of the stock market.
Why is this platform considered the best online trading platform in New Zealand?
There are many more important advantages of the trading platform in question, for which we would have spent more than one review.
Let's summarize the main advantages of the platform:
- Ease of use. Even a beginner can easily navigate and cope with registration and operations of account replenishment, withdrawal of funds, and so on.
- Low limits on transactions.
- Availability of a demo account.
- A wide range of financial instruments. You choose which assets you invest in.
- Functionality. The platform is equipped with various indicators for analysis, as well as all the necessary functions for successful trading.
- Informativeness. You will find a lot of information here - from video tutorials and asset briefings to news from the world of economics and politics.
- Availability of feedback 24/7 in almost 20 languages.
Licensed, excellent business reputation, many international awards and all of the above points say one thing - this is the best onlinetrading platform for stock trading in New Zealand.