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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

Broker 1

Broker 2

VS field	Hatch Invest hatchinvest.nz ETF BrokerStock BrokerETF	DEGIRO degiro.com ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score

Trust score	82	100

Cost score	78	92

Platform score	72	92

Withdrawal score	76	89

Best for	New Zealand residents investing in US shares and ETFs · Long-term investors using fractional shares, DRIP or auto-invest · Parents/guardians opening lower-cost Kids Accounts	European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	DriveWealth is regulated in the US by FINRA and is a SIPC member; Hatch is a member of FSCL and complaints can also be made to the FMA. Source	Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source
License numbers	Hatch Invest NZ Limited FSP1002151; NZBN 9429050041824 Source	Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source
Regulated entities	Hatch Invest NZ Limited; DriveWealth, LLC Source	DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source
Negative balance protection	No leveraged CFD/forex or margin product was identified; cash brokerage accounts make negative balance protection not applicable rather than disclosed as a separate protection. Source	No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source
Investor compensation	SIPC protection via DriveWealth and FDIC bank sweep for uninvested cash. Source	Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source
Restricted countries	NZ-focused service; first deposit requires NZ bank; full country restriction list not found. Source	Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source

Trust & regulation

Regulators

DriveWealth is regulated in the US by FINRA and is a SIPC member; Hatch is a member of FSCL and complaints can also be made to the FMA.

Source

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

Source

License numbers

Hatch Invest NZ Limited FSP1002151; NZBN 9429050041824

Source

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Source

Regulated entities

Hatch Invest NZ Limited; DriveWealth, LLC

Source

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Source

Negative balance protection

No leveraged CFD/forex or margin product was identified; cash brokerage accounts make negative balance protection not applicable rather than disclosed as a separate protection.

Source

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

Source

Investor compensation

SIPC protection via DriveWealth and FDIC bank sweep for uninvested cash.

Source

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Source

Restricted countries

NZ-focused service; first deposit requires NZ bank; full country restriction list not found.

Source

Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.

Source

Costs & account conditions
Minimum deposit	No minimum deposit amount; no minimum investment amount, with investing from as little as $1 USD mentioned on the pricing page. Source	No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source
Spread from	Hatch provides cash equity/ETF investing rather than spread-based CFD/forex trading; no trading spreads are advertised for brokerage. Source	Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source
Commission	USD 3 stock/ETF brokerage up to 300 shares; tiered auto-invest; lower Kids Account fees. Source	Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source
Maximum leverage	Margin accounts are not available through Hatch, so leverage is not applicable for Hatch accounts. Source	DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source
Deposit fee	0.5% FX on NZD deposits; USD deposits have no Hatch fee. Source	No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source
Withdrawal fee	0.5% FX; no hidden extra withdrawal fee. Source	No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source
Inactivity fee	No monthly fees or inactivity fees. Source	No inactivity fee; UK fee page lists inactivity fee as €0. Source

Costs & account conditions

Minimum deposit

No minimum deposit amount; no minimum investment amount, with investing from as little as $1 USD mentioned on the pricing page.

Source

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Source

Spread from

Hatch provides cash equity/ETF investing rather than spread-based CFD/forex trading; no trading spreads are advertised for brokerage.

Source

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Source

Commission

USD 3 stock/ETF brokerage up to 300 shares; tiered auto-invest; lower Kids Account fees.

Source

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

Source

Maximum leverage

Margin accounts are not available through Hatch, so leverage is not applicable for Hatch accounts.

Source

DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.

Source

Deposit fee

0.5% FX on NZD deposits; USD deposits have no Hatch fee.

Source

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

Source

Withdrawal fee

0.5% FX; no hidden extra withdrawal fee.

Source

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

Source

Inactivity fee

No monthly fees or inactivity fees.

Source

No inactivity fee; UK fee page lists inactivity fee as €0.

Source

Markets, platforms & payments
Tradable assets	Full and fractional shares in individual companies and ETFs listed on NYSE and Nasdaq. Source	Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source
Trading platforms	Hatch online/web platform and account portal; no separate third-party trading terminal advertised. Source	DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source
Account types	Individuals over 18, Kids Accounts through a parent/guardian, and family trusts are supported. Source	DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source
Deposit methods	First deposit must be NZD from a New Zealand bank account in the customer's name; later deposits may include USD and selected alternative services. Source	Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source
Withdrawal methods	Withdrawals are currently only to NZ-registered banks; USD is exchanged to NZD and deposited into the customer's New Zealand bank account. Source	Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source
Withdrawal processing time	Typically 2-4 business days; allow up to a week in some cases. Source	Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source

Markets, platforms & payments

Tradable assets

Full and fractional shares in individual companies and ETFs listed on NYSE and Nasdaq.

Source

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Source

Trading platforms

Hatch online/web platform and account portal; no separate third-party trading terminal advertised.

Source

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

Source

Account types

Individuals over 18, Kids Accounts through a parent/guardian, and family trusts are supported.

Source

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

Source

Deposit methods

First deposit must be NZD from a New Zealand bank account in the customer's name; later deposits may include USD and selected alternative services.

Source

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Source

Withdrawal methods

Withdrawals are currently only to NZ-registered banks; USD is exchanged to NZD and deposited into the customer's New Zealand bank account.

Source

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

Source

Withdrawal processing time

Typically 2-4 business days; allow up to a week in some cases.

Source

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.

Source

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