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Direct Broking Review
Direct Broking was a New Zealand share trading service once owned by ANZ Bank. It no longer trades under that name and now runs as Invest Direct, backed by Jarden and Hatch.
Min Deposit
N/A
Spreads From
Not applicable, this is a share broker, not a spread based forex broker
Max Leverage
Not applicable, this is a cash share trading service, not a leveraged CFD broker
Platforms
2
Pros
- Backed by Jarden, one of New Zealand's largest investment banking groups
- Jarden Securities Limited holds an active FMA derivatives issuer license
- Started decades ago as ANZ Bank's own online share trading service
- Invest Direct now covers NZX, ASX, US, and UK shares with no minimum deposit
Cons
- The Direct Broking name and old website are retired, which confuses past users
- Jarden was censured by the FMA in 2021 over a merged firm mixing client money
- Renamed twice in two years, first to Jarden Direct, then to Invest Direct
Direct Broking started as an independent online share trading pioneer in New Zealand, founded by Nigel Wynn. ANZ National Bank bought the business in 2006 for 5.1 million dollars. ANZ later sold Direct Broking to First NZ Capital Securities Limited in December 2018, and after more mergers that firm is now called Jarden Securities Limited.
The Direct Broking name is retired. Jarden renamed the platform Jarden Direct around 2023, then renamed it again to Invest Direct on 1 February 2025. Invest Direct now runs with Hatch, and trades NZ, Australian, US, and UK shares with no minimum deposit. Anyone searching for Direct Broking today should look for Invest Direct instead.
Jarden Securities Limited holds FMA license number FSP3202. In 2021, the FMA formally censured Jarden after it merged with OM Financial Limited, because OM Financial had mixed client money with its own money between 2015 and 2020. The FMA said no client actually lost money in that case.
Max Leverage
Not applicable, this is a cash share trading service, not a leveraged CFD broker
Spreads From
Not applicable, this is a share broker, not a spread based forex broker
Platforms
Regulators
Platforms
- FMA (New Zealand)
- ANZ Bank Group
