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Can I trade in New Zealand easily if I live in Australia?

Thursday 24th January 2002 1 Comment

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Q: I am an Australian citizen and resident and was wondering about the possibility of trading on the NZSE. Do I need to find a specialist broker or can I do this directly via a NZ online site?

A: There are no additional special requirements for Australians who want to buy NZ shares. New Zealand brokers are required under NZSE Members Rules and Regulations to 'Know their client' so you will have to provide everything required when you sign up with a broker. That usually involves filling in an application form and providing two forms of ID (usually a copy of your passport and drivers licence or similar). If you are trading online most brokers require a NZ$ Cash Management Account with cleared funds upfront before they will execute your first purchase.

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Comments from our readers

On 24 November 2011 at 8:21 pm Gary said:
I am looking for a NZ broker that offers an Internet trading platform for the NZX and the ASX and that offers stops. Can anyone please advise?
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