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Simplicity Investment Funds Review
Simplicity is a not for profit KiwiSaver and index fund manager in New Zealand. It is not a forex or CFD broker despite its bestforex.io listing.
Min Deposit
N/A
Spreads From
0.10% p.a. (KiwiSaver)
Max Leverage
Not applicable, no leveraged trading is offered
Platforms
1
Pros
- Licensed by the FMA as a Managed Investment Scheme Manager since 2016
- Owned by a nonprofit Foundation that gives away 15 percent of fees
- Charges one flat 0.24 percent yearly fee across all KiwiSaver funds
- Manages more than 11 billion NZ dollars for over 197,000 members
Cons
- Not a forex or CFD broker, so leverage trading is not on offer
- Open only to New Zealand residents, not global retail traders
- No trading spreads exist, returns depend on index fund performance
- Only one flat fee tier, so large balances get no separate discount
Simplicity is not a forex broker. It is a New Zealand KiwiSaver and index fund manager that Sam Stubbs started in 2016. Its licensed entity, Simplicity NZ Limited, holds FMA license FSP465606 as a Managed Investment Scheme Manager.
The firm is owned by the nonprofit Simplicity Foundation, which receives 15 percent of all fees earned. Every KiwiSaver fund it runs charges the same flat fee, near 0.24 percent a year. There is no leverage, no spread, and no CFD product here, only pooled index style investing.
Simplicity now manages more than NZ$11 billion for close to 200,000 members. It only accepts New Zealand residents through its own online portal, so it has nothing for an overseas trader searching bestforex.io for a leveraged account.
Max Leverage
Not applicable, no leveraged trading is offered
Spreads From
Not applicable, flat 0.24% per year fund fee, not a trading spread
Platforms
Regulators
Platforms
- FMA (New Zealand)
