Frequently Asked Questions

What is NZX virtualTrading?

NZX virtualTrading is a free virtual trading platform for those wanting to learn about key investing concepts by actively trading Equities and Exchange Traded Funds in a virtual, risk-free environment.

Does virtual trading work the same as in real markets?

The idea of NZX virtualTrading is to give beginner investors/traders the opportunity to learn key market concepts in a fun, risk-free virtual environment, so there will be some differences to how trading may occur on a live market. For example, on NZX virtualTrading you do not have to pay brokerage fees, commissions or even tax, though these may be applicable in a real-world scenario. There will also be some slight differences in the way some products are calculated, but the underlying market concepts remain the same. Essentially you are able to trade at the best bid and offer prices with market data that is delayed by 20 minutes. There is no limit on the volume you can trade at these prices.

Which securities can I trade?

NZX virtualTrading offers trading in virtual equities and Exchange Traded Funds. The equities available are some of NZX's most liquid securities; the ETFs are those offered by Smartshares - available to investors through NZX.

To view the securities available for trading go to View Securities.

When can I trade?

The NZX virtualTrading site is available 24/7. NZX virtualTrading market hours are from 10:30 am to 5:00 pm business days. The best bid/offer, last traded price and change data are updated every five minutes from 9:20 am to 5:50 pm. Orders will match immediately during market hours, provided there is a matching order on the opposite side.

How do I cancel an order?

You can cancel an order at any time provided it has not been matched, just go to the Order Status page. But if your order has been matched, you cannot cancel the trade - once you've dealt, you've dealt!

Are there any fees/costs?

NZX virtualTrading is free to registered users. Click here to register.

How do I get started?

Click here to register. Give yourself a user name, complete the details, then submit the form. You'll then receive an email to confirm your registration and to activate your account. Once completed you're ready to login. Your virtual account will be credited with an initial $50,000.00 so you can start trading straight away!

I've lost all my money - can I start again?

Sure you can! We understand that learning isn't always smooth sailing, so we've created a reset button on the Account Settings page - just one click and your trading history completely disappears, then you can start from scratch with your virtual dollars reset at $50,000.00.

What technical requirements do I need to use Virtual Trading?

Virtual Trading has been designed to effectively operate in most web browsers, including Internet Explorer 8 or above, Google Chrome, Mozilla Firefox, Opera and Safari. Additionally the device you are using to access NZX virtualTrading will need JavaScript installed and Cookies enabled.