Brokers for
Options brokers in New Zealand for beginners
3 brokers have a $0 minimum, paper trading and options in a cash account for residents of New Zealand. The same facts for each: fees, approvals, countries.
A first options account is easier when the broker asks for no minimum deposit and has a paper trading account to practise on. It also helps to sell covered calls or cash-secured puts in a cash account, where you trade without borrowing. Check what the first approval level allows before you apply. 3 brokers have all three for residents of New Zealand.
At a glance: 3 brokers, 0 at $0 per contract, 1 with $0 exercise and assignment, 3 approving naked options, 2 working with QuantWheel; median fee $0.35 per contract, lowest margin rate at $50,000 5.38%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 Tradier | Coming | $0.35 per contractPaid plans differ; other fees apply | $9 | Naked | Yes | 9.75% | |
 eOption | $0.10 + $1.99 per tradeBase fee and other charges apply | $9 | Naked | Not published | 8.20% |
The brokers one by one
What qualifies each for this page, from its fee schedule and options agreement, and the one fact that sets it apart.Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of New Zealand. It charges $0.65 per contract ($1 minimum; additional fees). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Tradier$0.35 per contract · $9 per event · naked
Tradier opens options accounts for residents of New Zealand. It charges $0.35 per contract (Paid plans differ; other fees apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; placing orders from QuantWheel is coming soon, so today you place them at the broker.
eOption$0.10 + $1.99 per trade · $9 per event · naked
eOption opens options accounts for residents of New Zealand. It charges $0.10 + $1.99 per trade (Base fee and other charges apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
More by what you trade
Every page in this folder lists the brokers that qualify, with the same facts.Related pages
The same page for other countries, then the facets traders pair with this one.Questions people ask
Beginners