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Best Binary Brokers In New Zealand
Binary trading has proven to be a profitable investment all over the world. Many large nations, have witnessed an increase of investors wanting to partake in binary investment. Despite the fact that New Zealand is quite a small nation, traders from the area are increasingly becoming aware of the advantages that come with binary trading. In addition, economic growth in New Zealand is expected to rise between 2020 and 2020. This has continually increased the number of new binary traders joining the market of New Zealand.
If you are hoping to strategically gain from the New Zealand binary market, then you are in the right place. We will offer you with the right kind of information that will strategically help you towards making the most out of binary trading.
Before committing yourself, it is important to get educated on the ins and outs of the industry. One area that you specifically need to pay attention to is the process of identifying a viable broker. A broker can either break you or make you.
Trading platforms differ greatly. As a result it is important to shop around and settle for one that fits within your needs. With that said, we’ve made your work easier by compiling a list of some of the top binary brokers in New Zealand. The list has only taken into account the “best of the best” in the market. Without further ado, let us look at the 5 top binary brokers of New Zealand.
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.Best Binary Options Brokers 2020:
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4. Collect your Earnings
Finally, you collect your earnings (the good part!)
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Banc De Binary
At the top of our list, we have the one and only Banc De Binary. Without a doubt, it is one of the most exceptional brokerage systems in the New Zealand today. Having been established in 2009, Banc De Binary has been enlisted under World Finance as one of the first regulated brokers to exist in a multi-national industry. Banc De Binary operates in more than 80 countries with New Zealand being at the forefront.
So, why is Banc De Binary quite popular in various parts of the world; more specifically New Zealand? With so many binary brokerage systems out there, the high reputation of Banc DE Binary doesn’t come easy. We have thoroughly dissected some of the issues that confirm Banc De Binary’s exceptional reputation. Some of the factors that are worth mentioning include:
With so many amazing characteristics, it is quite easy to write this whole article on key features alone. But not to worry, we’ll only summarize the key points for you.
To begin with, Banc De Binary’s trading platform has been designed to provide ease of use, fast response and professionalism. The trading website has constantly gone through a series of developments to ensure that it provides its users with an excellent trading experience. They have a team of experts that are continually dedicated in identifying customer’s needs and reshaping the entire platform to incorporate these needs. What’s even better is that the New Zealand platform has been specifically shaped to satisfy its traders: it features an interface written in Maori language. Maori is one of the dominant languages spoken in New Zealand.
For those who love trading on the go, Banc DE Binary offers a mobile application that allows you to trade anywhere and anytime of the day. With the mobile platform, you no longer have to be restricted with operating in front of a computer. The software can easily be downloaded from an extension of the main website. It is also important to note that the application can be both used on Android and IOS devices.
When it comes to key features, we cannot forget to mention the Binary Option Robot. This is an automated system that carries out trade on behalf of its users. It features a high intelligent system that operates by responding to a number of market signals.
The New Zealand market has been identified as a favorable ground for investments. With such developments, what should be your next step? The next step is identifying how to make an extra buck from the viable market. This is one area in which Banc De Binary does not disappoint. The platform features at least three generous bonuses.
- To begin with, there is the welcome bonus that targets all the traders joining the website for the first time.
- It only gets better, after a sign up; you are viable of attaining referral bonuses. A referral bonus is obtained by referring other clients to the site. Trading is not the only way to earn money on Banc DE Binary.
- Other major promotional offers include a special events bonus, an investor deposit bonus among many other gratuities.
When looking for the best binary broker in New Zealand, it is important to pay attention on payout return. The maximum payout return is 91% which is quite high as compared to many other platforms out there.
Returns are paid in relation to maximum or minimum investment. The minimum investment is stated at $1: this makes it affordable for every New Zealand trader out there. The Maximum investment on the other hand is stated at $6000.
Types of Accounts
There many account types that New Zealand binary traders can choose from. The type of account you adopt entirely depends on the amount of money you’re able to deposit. Each subsequent account features benefits that lower accounts do not posses. Besides, you know how the saying goes, the bigger the better. A bigger deposit equals to more benefits and extra features. Some of the extra features include items like fast withdrawals, learning tools and increased number of assets. Below is an overview of some of the accounts found in Banc De Binary.
- Bronze -this is simply a basic trading account that requires an initial investment ranging from $250 to $2500. It is highly recommended for newbies. It also fits within the needs of those that prefer depositing a little amount.
- The Standard Silver and Gold Accounts- those features an initial deposit ranging from $2500- $5000 . Those work best for intermediate level traders that have a basic familiarity with the world of finance.
- The Personal Management Account-it has been specifically designed for the serious and well experienced binary traders. The deposit range is between $35,000 and $50,000.
- Premium Gold Account-this is the highest level of account there is. It is best suited for full time professional traders. It requires a minimum posit of $50,000.
- Last but not least we have the Islamic trading account. This is basically for the Islam followers who prefer to trade by the specified rules of Quran.
banc de binary accounts
Asset Types: With Banc DE Binary, you can always choose an asset type that you’re comfortable trading with. Some of the alternatives include well known stocks like (Coca Cola, Apple, BAT), common currency pairs like (USD/GBP, EUR/USC), indices like (NIKKEI, FTSE 100 and NASDAQ) and finally commodities such as (sugar, gold, silver among many others). Banc De Binary boasts of having more than 200 assets which are tradable in nearly three dozen countries.
Top Notch System: Banc DE Binary works through a highly developed system known as SpotOption. The system allows users to easily navigate through various buttons. The system is also well laid out, informational and easy to comprehend.
Trading With Banc De Binary
The platform features numerous trading options in which New Zealand traders can choose from. Without getting too much into detail, some of the available option include: one touch option, high/low option, Meta chart, and option builders among many others. These options can be traded on different expiration times which are 24hours, 1 hour, 30 minutes, 15 minutes and 60 seconds. New traders should opt for longer expiry periods.
Learning Tools: This is an important aspect that newbies joining the New Zealand market should focus on. Banc De Binary offers a number of helpful tools that can be used through the learning process. To begin with, there is the demo account that serves as a basic introductory course on binary trading. The account uses virtual money to carry out transactions.
Complimenting the demo account are several trading videos that feature financial experts who discuss the key points and techniques of carrying out a binary trade. Among the learning tools is a comprehensive E-book on the subject of trading within the New Zealand market.
Banking: If you have ever been in the financial market then you understand that banking is one area that poses a challenge to many traders. Banc De Binary eliminates such challenges by:
- Incorporating several currencies within the deposit and withdrawal system. Some of the major currencies that are being accepted for deposits and withdrawals are US dollar, Japanese Yen and British Pound.
- The platform also offers a system that allows different forms of payment, For example, Master Card, Visa, wire transfer, Diner Club, PayPal, Skrill MoneyBookers among many others.
Customer Service: Their customer support is out of this world. If you have any queries, the easiest way to reach the customer support staff is through Live Chat. Queries can also be handled through emails and social media platforms like Facebook and Twitter. There is also a telephone number issued at the main website.
Customer support is also offered in different languages like English, Japanese, Italian, German, French, Dutch, Portuguese and many more. This allows the brokerage system to accommodate a wide variety of people from all over the world.
There’s nothing negative to point out on Banc De Binary. From the high pay out rates to the fully developed software platform, Banc De Binary stands to be one of best brokers in New Zealand market. One word that can be used to describe the platform is “exceptional”
Furthermore, it is a good platform for those that are looking for a new place to start out binary trading. With the easy to use interface, you can never go wrong with Banc De Binary.
At number two we have the Ubinary trading platform. Owned by PPT Capital Ltd, Ubinary is a company that was launched by a team of financial experts in 2020. Since inception, the company has continually re-branded its platform in order to impress even the most seasoned traders. Some of the key aspects that are worth to note.
ubinary trading software
The site is characterized by an in-depth trading Academy that features all courses for beginners and most experienced traders. It is further coupled with an events counter that enlightens users on upcoming promotions. The event section also houses key signals that might impact various trading assets. As a trader, it is vital to keep up with relevant information concerning market changes. The market plays a vital role in determining whether your asset will make a winning or not.
The trading interface within the website is run by a SpotOption system which has resulted to an intuitive, fast and responsive platform. When trading, there are a number of options that have been made available.
- Above/Below – this is basically classic binary technique that uses the high and low strategy.
- 60 seconds – a trade specialty that expires within 60 seconds
- Speed Trading – these are trades that expire right after 2 or 5 minutes
- Option Builder- it allows individuals to manage their risk and reward even when trade is unsuccessful
- Long Term – for trade brackets that fall under 2 months and beyond
Bonuses and Promotions
Ubinary also features an attractive bonus system. Bonuses can be equated between 30% to 50%. This is manly dependent on the amount an investor inputs as deposit: a factor determined by account type.
There are five types of accounts namely: Micro Account, Mini Account, Standard Account, Gold Account, and Platinum account. The Micro Account is characterized by the lowest deposit sum plus limited features. The Platinum on the other hand features the highest sum with numerous trading possibilities like unlimited withdrawals.
Asset Index: Ubinary as a trading platform supports a wide variety of transactional assets which are diversified within four main categories: stocks, commodities, currency pairs and indices. The full details of each asset are located on the firm’s website and include the following:
- Stocks – Amazon, LUKOIL, Apple, Google, Facebook, Microsoft, Goldman Sachs, Boeing , Chevron, Mobil, JPMorgan, Nike, IBM, AIG, Citi Group,, Wal-Mart, Gazprom, Rosneft, Sberbank, Twitter, Manchester United Exxon, Walt Disney.
- Commodities: Silver, corn, oil, natural gas.
- Indices: Nikkei 225, NASDAQ 100 (USA), among many others.
Deposits and Withdrawals: Ubinary supports three primary depositing techniques; e-Wallet, wire banking and credit card. The processing varies depending on various aspects. This is mainly because, credit card transactions are practically termed as instantaneous while bank wires are identified to be slow. With a bank transaction, it might take a few days to fully mature.
Investors can select between two withdrawal methods: wire transfer and credit card. One can easily issue a request by contacting uBinary through their website. According to the terms and conditions section, the broker advises that it might take up to 3 working days to complete an entire transaction.
Customer Support: Ubinary strives in providing one of the best customer service facilities in the industry. A dedicated team of customer support is on call 24/7 to ensure that your concerns are resolved in a systematic and efficient manner. The team can be contacted through email, letter, phone and chat. Their details are as follows: Phone: +44.203.608.1229 and Fax: +220.127.116.1182. If the provided number does not work, you can go back to the website to confirm details. The contact number is updated from time to time and a result it is subject to change.
Security: Passwords and account information are all encrypted through use of various security tools This ensures that user information is protected and further prevents hackers from compromising the system.
We highly recommend Ubinary as a superb trading platform for New Zealand investors that are looking for an excellent trading experience. There are so many features that you cannot afford to miss: the huge selection of account types, excellent training resources, ongoing promotions, a responsive customer service and many more. Make sure you check them out!
24Option takes the third place in our least of “best binary brokers in New Zealand.” Launched in 2020, 24 Option is one of the leading brands in the market. The brokerage platform operates through a TechFinancials system. Based in Cyprus, 24 Option serves as a proactive broker that offers numerous incentives to its regular traders. The platform is licensed by Exchange Commission and Cyprus Securities.
They are act as participants in the Investors Compensation Fund. This serves a bonus point because the group guarantees traders of a 20,000 protection plan in a scenario where the 24 Option is dissolved.
Recently, the company partnered with a major football club known as Juventus. This is one move that added points to their high profile and credibility. Not to forget, Boris Becker, a major highlight in the world of tennis joined the platform as a viable trader. This is more than enough reason for you to sign up with 24 Option.
24 Option is among the top platforms that are continually gaining followers in New Zealand binary market. This is mainly attributed by its innovative trading system. The platform relies on SpotOption and Tradologic development systems that create a unique trading experience. Other reasons that have contributed to 24 Option’s popularity include:
24 Option extensively supports mobile trading. The platform features a secondary website that optimizes smart phones and other mobile devices. With such innovation, users can constantly trade on the move.
24option mobile platform availalbe to all devices
Trading Accounts: Opening an account with 24 Option is a walk in the park. All you need to do is deposit a minimum amount of $250. However, it is important to note that there different types of trading accounts. The $250 deposit is for the standard or beginners account. The account is characterized by 83% pay out rate, 24 hours customer support and no restriction to available assets. Other trading accounts are:
- Gold Account-the account features a payout return of 83% , an extra 2% bonus on investment made plus a free withdrawal based on the specified calendar.
- Platinum Account-features all the benefits of a standard and gold account plus an additional 4% earnings on all trades. The payout return of this category is slightly higher, it goes for 89%.
- Diamond Account: the benefit of a diamond account is the additional 6% earning on all trades plus unlimited withdrawals.
A free demo account is provided for all users. But you will be required to pay the minimum deposit before you access the facility. We mentioned earlier that the minimum deposit goes at $250.
Asset Index: With more than a 100 different types of assets, 24 Option features one of the most comprehensive lists out there. When it comes to currency pairs, some of the common ones are: USD/JPY, USD/CAD, EUR/NOK, EUR/AUD and many more. The list of commodities entails coffee, gold, platinum, sugar, copper among other specialties. The major listed indices are Hang Seng Future, Nasdaq composite, Bombay Jones e.t.c. In the stock category we have Amazon. Apple, Sony, Vodafone and many others.
Customer Support: the quality of customer support offered at 24 Option is second to none. Customer support is offered in 17 major languages. Access to the support team is availed through email, Live Chat and phone calls.
To sum it all up, 24 Option is a platform entrusted as a legitimate brokerage system. Thanks to CySEC regulation, we can evoke any lingering suspicion that 24 Option might be a scam. The selected partners like Juventus further put a seal of approval on 24 Option’s authenticity. If you looking for a legitimate broker in New Zealand, your first stop should be with 24 Option.
IQ Option takes the number four slot. Unquestionably, it is one of the major alternatives you need to think of when it comes to selecting a proficient binary broker in New Zealand. Created in 2020, IQ Option is a brokerage system owned and operated by IQ Europe Limited.
It’s trading platform has generally been invented to offer the best trading solution through technological and innovative ideas. Let us focus on some of the aspects that make IQ a prominent a platform among New Zealand traders.
iq options stats
IQ’s homepage has been well designed to feature 3D chart quotes and candles. It presents no nonsense advertisements. Only relevant information is displayed on their interface: traders can use this information to make well informed trading decisions.
Innovative and smooth trading platform
The company updated its trading platform just recently. The new interface is said to be more than impressive. Forget about the old, white boring SpotOption interface. Currently, the chart updates are live with glowing green colors that immediately grab your attention with their pulsing movement. This can be a wonderful tool for a trader that learns visually.
Navigating through the buttons is also quite easy. A big pointer easily moves around the “call” and “put” option. On your right, just above the payout rate, you will find a slider that can be dragged. Dragging will simply increase or decrease the out -of- money refund. Right at the top is a button that allows you select the amount of money you want to invest. Investment can be as low as $1; this is a convenient investment term that provides flexibility for traders with small accounts. There is a total of 73 assets that can be traded. When compared to the mentioned brokerage firms, IQ offers a limited number of assets.
iq options new zealand
The number of trading accounts is not as many when compared with other platforms. The reason behind utilizing a limited number of accounts is the possibility of keeping the platform simple and accessible.
Bonus: Depending on your deposit amount, the payout rate can run up to 92%. From time to time, the platform features a number of promotional bonuses.
Presently, IQ offers the best trading conditions within the New Zealand binary industry. The innovative platform serves a taste of things we are yet to see in the future. With a decent trading environment, IQ Options will undoubtedly serve you quite well.
At number five we have AnyOption. Just because it has been featured as the last one doesn’t mean it is any less better. As a New Zealand trader, it is possible to take your trading to the next level with AnyOption. If you’ve done your research and gone through the number of traders out there, you will notice that AnyOption uses its own unique proprietary system. This is a bonus because most brokerages platforms normally outsource their main operating system.
The company is licensed by CySEC and MiFID legislation. In addition, it has been registered with FCA England. Some of the key notable features are:
As we saw earlier, AnyOption uses a unique platform to a carry out its business. With more than 15o tradable assets, AnyOption features a standard return that ranges between 70% to 80%.
What’s more is that they feature trading application for both Android and IOS devices. It doesn’t cost you a dime to while downloading the apps.
Reliability: AnyOption is among the first brokers to exist in the market. They seem to be operating just fine without any reported glitches. It further features a smooth withdrawal. The whole process takes a total of three days. The platform further offers a 15% refund on trades that are out money.
Trading Assets and Accounts: The platform features a wide range of assets that can be traded. You can also choose from the various accounts that feature different deposit amounts. Their customer support is also worth mentioning. It is characterized by a friendly and supportive staff.
Generally, AnyOption is a perfect platform for both newbies and professional traders. Although their payout rate isn’t that high, they offer a 15% money back guarantee. As a New Zealand investor, this is one brokerage firm that you should definitely watch out for.
With that said, it is important to identify some of the aspects that make a good binary broker.
- A good brokerage system provides a wide variety of assets that can be traded, ranging from stock, indices, currency pairs among other commodities.
- Legitimacy of a viable broker is identified through relevant licensing authorities like FMA and Cypress.
- The payout return of a potential broker should be promising. Do a thorough research an go for the brokerage system that offers you a high payout return.
- When shopping for a binary broker, you should look out for attractive bonuses and promotions.
- Customer support is very important; you want to partner with a brokerage system that has your best interest at heart. This is evident in aspects like a fast response system and a comprehensive query platform
- The interface of the brokerage’s trading platform is also important: it needs to provide ease of use while at the same time offer the required professionalism.
Finally, we do understand that diving into the New Zealand binary market can’t be easy. That is why we have summarized some of the basic information on binary trading in New Zealand. This will definitely be helpful when it comes to setting you on the right investment path.
Legality of Binary Option in New Zealand: the governing financial authorities in New Zealand have well addressed the legal side of binary investment with the aim of putting consumers at ease. As such, you can be sure that it is legal to trade binary options within New Zealand.
Regulations: Financial authorities within New Zealand have continually evaluated the binary sector with the aim of setting clear regulations and guidelines for consumer and broker relationships. The Financial Markets Authority is the regulatory body that oversees binary options as well as other financial transactions.
Future of Binary Option in New Zealand
Considering the fact that New Zealand is already faced with a strong regulatory structure, we might see a lot of growth in the binary investment sector. The anticipated economic growth even makes things a whole lot better.
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Best Binary Options Brokers In New Zealand 2020 (Beginners Guide)
Finding the best binary options trading platform as a Zealander can be a difficult process. Most especially getting the ones that accept Zealander binary options traders and would let you trade using different binary option trading strategies. Don’t worry, we’ve got you covered!
We’ve listed the best binary options trading sites that would let you as a Zealander trader, trade Binary Options and Digital Options.
Here’s a breakdown of some of the best binary options brokers in New Zealand:
- IQ Option – Best Overall Binary Options Broker In New Zealand.
- Binomo – Reliable Binary Options Broker.
- ExpertOption – Best Binary Options Trading Experience.
- Olymp Trade – Number One For Binary Options Trading.
- Pocket Option – Ideal For Beginner Traders.
Best binary options brokers in New Zealand video
Below is the list of all the best binary options brokers that accept Zealander traders. We’ve also included the pros & cons of each broker with links to the brokers official website.
Binary Options in New Zealand
New Zealand is a popular investment destination for FX and binary options brokers. The country has a great economy, aided by an investment-friendly population that is keen on trying out new products in the market. Of course, New Zealand also benefits from its neighbouring Australian financial market, which is witnessing an ever-increasing rise in popularity in the global investment market.
New Zealand is not new to binary options trading, but several scams and unpleasant trading experiences have forced the country to act in favour of its citizens. New Zealand has brought about several changes to its regulatory framework, which, although not restrictive towards binary options trading and investing in the market, requires New Zealand binary options brokers to be licensed and regulated by the country’s primary regulatory organisation. Read our detailed NZ binary broker guide to find the best trading partner for binary options trading.
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Is Binary Options Trading In New Zealand Legal?
Traders are assured of the legality aspect of binary trading in NZ, as the country hasn’t banned the product or introduced any restraining policies towards investing in the binary options market. Up until 2020, New Zealand was relaxed in its approach towards binary options trading, with traders being able to trade the markets without any regulatory intervention. New Zealand considered short-term derivatives trading to be significantly less-riskier than large-scale investments, which essentially allowed New Zealand traders to invest in any financial market worldwide.
Binary options brokers had enjoyed a few advantages by being able to circumvent NZ regulations, but recently, the NZ’s regulatory agency, the FMA, has made a move to regulate all companies that seek investments from NZ traders. Regardless, New Zealand has adopted a similar approach to its neighbouring Australia, as the country has not made any unnecessary rules that inhibit trader freedom. Therefore, unless New Zealand amends its laws or introduces new regulatory guidelines, binary options are considered to be a legal form of investment product in NZ.
Binary Options Assets & Trade Options Offered By NZ Brokers
Although binary options trading is proving to be popular in the New Zealand retail financial market, the country has yet to witness a massive influx of binary options brokers into the country. The FMA of New Zealand has brought outlaws that require companies to be regulated and licensed to offer their services to New Zealand binary traders, but the actual number of brokers operating in the country is quite limited. The limited options for binary options brokers, particularly since traders are not allowed to trade with overseas companies, may limit the number of trading options and assets available to traders. Regardless, traders can invest in the following markets as part of their binary options trading account packages:
- Forex: Traders who are comfortable with the FX market can choose to trade different binary options products that involve the major and minor currency pairs available in the market. Most binary brokers in New Zealand offer access to the most widely traded currency pairs, but the choice of FX assets may be limited to around 10 to 25 popularly traded currencies in the market.
- Commodities: Commodities trading involves trading in popular assets such as Gold, Silver, Oil, Gas, Copper, Sugar, and other similar instruments. Under normal circumstances, commodities options may be limited to Gold, Silver, and Oil, with only a few brokers taking the effort to introduce a wide range of commodities to its traders.
- Shares/Stocks: Almost all top New Zealand brokers offer access to leading stocks from principal financial markets, including the Americas, Europe, Africa, and the Asia-Pacific. Traders must also expect some brokers to have limited access to assets, which may only include a handful of shares from the US or EU markets.
- Indices: Global indices trading can be exciting, as traders can bet on a country’s performances through its primary index. Indices are highly popular binary options contracts, with a clear majority of brokers offering access to different indices and related contracts.
- Cryptocurrencies: Binary options brokers in New Zealand are following in the footsteps of other leading companies in the market by offering cryptocurrencies such as Bitcoin, which provide attractive trading opportunities and healthy payouts.
- ETFs/Bonds: Exchange Traded Funds and bonds are not as popular as some of the other binary options products, but expert traders may look for these options to invest in a varied portfolio.
Brokers offer different binary options products with varying payouts and expiry times. Conventional products such as the classic binary options products have expiry times varying from 30 seconds to a few hours, while the payouts range from 60% to 90%. Traders can also opt for high-yield options such as ladder and one-touch/no-touch options, where the probable payouts can reach around 1500%.
Binary Options Platforms In New Zealand
Platform options can be unique and depend on the choice of broker. Binary trading in New Zealand is made possible through dedicated binary options platforms, which can either be proprietary trading interfaces, or third-party trading platforms. Binary trading brokers in New Zealand also support mobile trading for smartphones and tablets, which ensures that the entire smartphone and tablet market gets access to dedicated apps from their respective app stores. Traders can access the binary options market through apps that are available for iOS, Android, and Windows devices, along with independent WebTraders for web browser-based trading.
Deposits & Deposit Bonuses At NZ Brokers
Binary options trading allows the flexibility to invest in the market with a small trading capital. New Zealand trading brokers also allow its traders to minimise their capital outflow by offering trading accounts for as low as $100. These deposits may be eligible for a bonus, but don’t expect NZ brokers to offer massive bonuses for its clients. You may be able to receive a nominal bonus in the form of trading credits, but such a bonus offer may not add any substantial value to your trading needs or investments.
You can make a deposit into your trading account through several online and offline payment systems, including bank wire, money transfer, credit/debit cards, and online payment processors. E-wallets such as Skrill and Neteller are highly preferred, as they have low fees of transactions and are usually more secure and convenient.
New Zealand Binary Options Regulation
All financial activities and companies operating in the financial sector come under the regulatory supervision of the Financial Markets Authority (FMA) of New Zealand. The FMA has adopted a tried and tested regulatory approach that incorporates several regulatory guidelines that are issued by other leading financial regulators such as the ASIC (Australia), the FCA (UK), the CySEC (Cyprus), and the NFA (USA). FMA’s regulatory supervision ensures that all clients’ deposits are maintained in segregated accounts and receive the best security against financial malpractices.
Are There Any Advantages Of Trading With Binary Options Brokers In New Zealand?
Traders from New Zealand are required to invest their money with a broker that is regulated and licensed by the FMA. Recent regulatory changes have also made it compulsory for companies to have a valid FMA license to be able to cater to traders from NZ. Therefore, there are plenty of advantages to maintaining an account with a broker based in New Zealand. The primary advantage is that traders can receive unprecedented access to the broker’s support team, which offers around the clock support for any concerns or trading assistance. In the event of any dispute, traders can also approach the FMA or any other local authorities for arbitration, or even take the company to court for any issues that can’t be mutually resolved.
Trading with a local binary options company can also help traders to maintain a tax-compliant account, with professional assistance regarding the tax incentives and other expenses. Regulatory compliance is perhaps the most important advantage for NZ traders, but overseas traders can also benefit from the improved regulatory protection. However, international traders may not be able to receive the same level of protection as NZ citizens, but they can still take advantage of the excellent account offerings and trading features on offer.
A Few Pointers To Avoid Fraudulent Brokers
- Verify the FMA license by cross-referencing the license number provided by the broker with the official FMA website.
- Never deal with companies that seek cross-border payments without verifications.
- Avoid third-party services that claim to official representatives of a New Zealand binary options broker.
- If in doubt, always get in touch with the FMA for any fraud warnings or information on broker blacklisting.
- Which Agency Is Responsible For Regulating Binary Options In New Zealand?
All binary options brokers operating in New Zealand should be regulated and licensed by the Financial Markets Authority (FMA).
- Is It Possible For NZ Traders To Trade With International Brokers?
After the recent regulatory changes adopted by the FMA, it is currently illegal for traders from New Zealand to invest in overseas brokers.
- Can I Make Money With Binary Options Trading?
Yes, with a good trading strategy, excellent money management skills, and a right mindset, traders can make money through binary options trading.Best Binary Options Brokers 2020:
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education!