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Binary Options New Zealand
Binary options trading is becoming more popular in New Zealand and Australia. It’s so simple to get started, and there is a real possibility to make a lot of money. There are many binary options brokers, but not all of them are good.
Binary Options in New Zealand
If you want to take part in binary options trading, you are affording yourself a considerable advantage. Nonetheless, despite its relative simplicity, there are still a few things that you should know. Here are some of the legal and practical aspects of binary options trading in New Zealand.
Is Binary Options Trading Legal in New Zealand?
When it comes to trading, most people feel excluded from this particular form of financial interaction. It is often difficult to understand and requires a certain amount of experience and knowledge. However, thanks to binary options trading, this is slowly changing. Now, most people are able to easily take part in trading due to the lack of complexity involved with binary options.
This is a trend that is sweeping the world and New Zealand is warming up to this type of trading as well.
First things first, you are going to need to ascertain that you are legally allowed to practice binary options trading in New Zealand. The New Zealand government and financial entities have recognized the potential of this particular form of trading and have made it legal within the country. This means that licensed brokers within the country are policed by proper authorities as well.
In New Zealand, binary options and brokers dealing with binary options fall under the jurisdiction of the Financial Markets Authority (FMA). It is this body that sets the policies, laws, and regulations that every licensed binary options broker needs to follow. Binary options brokers that do not adhere to the regulations that are set by the FMA will have to deal with the legal consequences.
In order to be regulated by the FMA, binary options brokers in New Zealand must also be licensed by the FMA. To be eligible for such credentials, the brokers in question must first follow certain protocols. If they meet the necessary standards and provide the necessary documentation, FMA will give the broker their stamp of approval.
Choosing a Binary Options Broker in New Zealand
One of the tricky aspects of binary options trading is that a large number of the brokers remain unlicensed. You will find NZ binary options brokers operating within New Zealand who are not certified. Nonetheless, it is vital that you opt for a broker that falls under the jurisdiction of the FMA. This way you will be able to be reassured, knowing that not only is the broker a legitimate service provider, but also that it has to follow certain guidelines.
There are also plenty of binary options traders who are not based in New Zealand but do cater to those living in New Zealand, nonetheless. It is important to make sure that these overseas brokers are licensed as well. While they do not have to follow the regulations set by the FMA, they should answer to another financial authority. The most common ones are the CySEC, ASIC, BDF, CONSOB, IIROC, and PSZAF. It is very easy to check the licensing registration number on various government websites to verify their legitimacy. It is imperative that you first ascertain whether or not a binary options broker is legitimate prior to offering any sensitive information or making any monetary deposits.
Apart from being accredited, however, there are a few other factors that you will need to pay attention to when choosing a binary options broker. For instance, you should look at the bonuses they are offering, the average payout rate, and various other features that are offered. It is important to read the terms and conditions of each of these categories. Often times, your earnings can be tied up due to constraints that have been set forth by the broker.
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As such, it is important to read the fine print to know what you are getting into. Also, you should make sure that you are able to afford the minimum deposit amount that is required by the broker.
It is also a good idea to take a look at whether or not a demo account is offered alongside your real account. This will offer you the chance to get some practice with binary options trading before actually risking real money on trades. In addition to helping you save some money, it will also give you the opportunity to get more comfortable with the software that the broker is using.
Taking Part in Binary Options Trades
Selecting the right binary options broker is just the beginning of binary options trading. There are several other steps that you need to get through. This includes deciding what type of assets that you want to be involved in. In New Zealand, you often have the option to trade with commodities, stocks, and indices. You will have to decide which type of asset best suits your strengths, interests, and current knowledge. You should also engage in a copious amount of research to decide which one is the better option. This is often dictated by the current trends and performance within the world economy and global markets. Often times, a trader will first decide on their asset class even before choosing their broker. This way, they will be able to ensure that the broker they want actually deals with the assets that they have chosen.
Once this is done, you will then have to think about the types of trades that you want to engage in. The most common choices are One Touch, High Low, and Range Option. The type of option will usually be determined by the strategies that you wish to utilize. You can choose which option corresponds best to your favoured technique. The next thing on your agenda will be to choose the expiry times for your binary trades. These can range anywhere from 30 seconds to five minutes or even to much longer than that. Once more, this will be established by your asset class and chosen strategy.
Mitigating Risks Associated with NZ Binary Options Trading
One of the downsides of binary options trading is the propensity for that all or nothing trade. This means that you either make a total profit or lose your entire investment, all in one go. There are several brokers that offer the option to make back some of the money that you have lost in the money trades. There are also others that allow you to back out of a bad trade early, allowing you to retain some of your money. Therefore, to avoid losing all of your money, these are some avenues that you may want to consider. Another technique is to limit the amount of money that you place on a trade. It is important to never trade with more money than you are willing to lose.
There are many benefits to be reaped from binary options trading, particularly in New Zealand. Nonetheless, it is vital that you take the necessary steps to keep both you and your investment safe. This way, you reduce the risk of losing and increase the possibility that you may make a profit.
Top Binary Options, Forex and Cryptocurrency Brokers in New Zealand
Welcome to New Zealand’s biggest binary options trading portal which gives you opportunity to get information about top binary brokers, signals, auto trading robots, trading strategies and how-to guides. We have put great effort into providing the most accurate and up-to-date information from the binary options industry. Our website promotes transparency and honesty by objectively reviewing various types of binary options services and offering excellent trading guides and education on trading to all our customers for free. Take a look at our most recommended brokers below and scroll down to find out more about binary options New Zealand.
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What you need to know before you start trading?
We have realized there are many binary websites offering poor information about binary options and more important, about binary brokers. Brokers themselves also claim to be the “leader”, the “best software” or the “quickest withdrawal”. This is why Fair Binary Options New Zealand offers only accurate information about brokers, platforms and financial news that affect trading results. If you are new in binary trading world, first thing is to choose the right binary broker for trading. In Fair Binary options reviews you can find out everything there is to know. You can do so simply by visiting our list of trusted brokers and choosing one for yourself.
What Are Binary Options or Digital Options
Binary options are financial instruments that allow traders to trade on the financial movement of an underlying asset. They are different than Forex because traders are not taking any ownership over trading assets, they are just attempting prediction of assets value in specific time frame. Binary options are the simplest way of trading with different assets. There are just two possible directions that are available with binary options – Call (Up) or Put (Down). When a trader choose the direction of underlying asset, he will instantly know what will be the percentage of potential profit. Binary options have become one of the fastest and easiest way to trade because the percentage of payout is extremely high. Most brokers usually offer payout rates that rank from 75-91%.
How can I trade Forex and CFDs in New Zealand?
CFDs have several advantages when compared to binary options:
- one can use leverage to increase possible payouts
- there is not expiry time – close trade when you want
- generally better regulated industry
What Assets Can be Traded
Traders can choose to trade between stocks, commodities, indices or variety of currency pairs. Each broker offers different types of assets. Great thing about binary options is that traders are not limited to trade with assets that are available on their location. Traders can trade with any underlying asset from anywhere in the world. The difference is just that assets available for trading depend on their local time. For example, if you want to trade with Japanese yen, you will trade according to Asian Market time zone.
They are the most popular type of assets. Most traders prefer to trade with strong popular currency pairs: USD/EUR, EUR/GBP, GBP/USD… High quality brokerage companies offer wide selection of this asset. Trading with currency pairs basically means that traders invest their funds on the exchange rate of the specific currency pair. We have launched a Forex and CFDs trading page recently – find the best Forex and CFDs brokers there!
One of the easiest forms of binary trading assets. Most popular commodities are: oil, coffee, gas, gold, silver, sugar, corn etc. They are also known as the most predictable assets among all because of their usual stability. Commodities usually have still pattern and they grow due to trade flows, demographics, production quotas, politics, weather…
Dow Jones, S&P500, Wilshire 5000, Nasdaq, Russell 2000 are just a few popular indices that are mostly traded and are available through most binary brokers. It is important to know that value of indices is not subjected to extreme changes. There are always some small fluctuations happening between indices so their prediction is a bit harder to foresee.
There are thousands of well-known stocks: Microsoft, Google, Apple, Audi, Gazprom… To trade with stocks it is important to find out most information about company. If a company has positive financial data and a good investment plan, there is a big probability that the value of that stock will increase. Professional traders prefer trading with stocks because they have higher winning rate.
What are Expiry Times
Because of expiry times feature, binary options are different than other trading options. The secret of profits in binary options is succeeding to accurately predict the movement of the asset’s value in certain time frame. To begin trading with a binary broker, after depositing investment, trader will have to choose which assets he wants to trade and define expiry times. There are a lot of available expiry times in binary options that can be used by traders. Expiry times are sorted into three main groups:
- Short expiry times: 15 sec, 30 sec, 60 sec, 2 minutes, 5 minutes, 15 minutes, 30 minutes
- Medium expiry times:1 hr, 10 hr, 24 hr, 24 hr+, End of the Day
- Long expiry times: End of the Week, End of the Month, 30 days, 150 Days, End of the Year
We can say that short expiry times are mathematically harder to predict than longer expiration times and because of this, they have higher percentage of winning rate. When trading with contracts that have longer expiry time period, we can say that prediction will be much easier and accurate. Of course, it is important to use right expiry time with different assets. Most of inexperienced traders are not aware that choosing the right expiry time will enhance their winning odds. Traders should choose those binary brokers that offer most flexible expiry times. Most of the trustworthy and serious brokers offer wide selection of trading expiration dates.
There are many types of trading options that can be used while trading:
- One Touch,
- No Touch,
- Range Options,
- Boundary Options,
- Pair Options,
- 60 Seconds
Many traders don’t know much about choosing the right trading option. This decision is one of the most important steps in binary options trading. For new traders it is easiest to use High/Low options. High/Low or Call and Put trade requires one of two possibilities: whether the price of the asset will grow or fall. If trader predicts that asset’s value will rise he will select Call, if he thinks that the price of the asset will fall, he will select Put.
Next type of binary options is One Touch Options trading. This trading option is for more experienced traders as it requires prediction of specific value of the asset. For example, if the value of the GBP/EUR is 1.4500 at the moment, broker gives traders two specific options: Call Option that the price of the asset will reach 1.4600 once during next week, or Put Option: that value of specific asset will fall and reach 1.3800 once in that same week. If you have traded one of the options and reached specific value, you have won and made profit! One touch can offer super high returns of up to 750%.
No Touch options have the same philosophy like One Touch, only difference is that selected asset must not reach specific value in the selected expiry time period.
What is Best for Beginners
Binary options are ideal for traders without any trading experience because they are not complex like Forex. There are many new traders joining the world of binary options and investing their money but losing the first trade. To avoid this scenario, we would like to recommend what a trader should do if he doesn’t have trading experience.
Firstly, read about binary options, brokers, expiry times and deposits. There are many educational materials you can find out before you start trading. System of binary options is pretty easy – you invest certain amount of money on specific asset in specific time frame and you try to predict whether its value is going to rise or fall.
But, before investing your real funds we recommend opening a demo account with a broker. There are many binary brokers offering free demo accounts for their traders that can be used for learning and acquiring experience. There are brokers that offer completely free demo accounts – they don’t request a deposit, and there are binary brokers that require registration and depositing first. Free or not, demo accounts are good to try before starting the real trading. They can help you learn about the trading platform, available expiry times, available trading assets and many other things.
Most of the brokers offer tutorials and a lot of educational materials such as presentations, video tutorials, e-books, online webinars, economic calendars etc. All this can help you learn and become experienced and successful binary trader.
We have found a lot of premium brokers that offer high quality education so don’t hesitate to use them. Learn about the chart signals, market volatility, minimizing risks and avoiding your emotions interfere with your trades. All this combined together will teach you how to recognize trading pattern and it will make you more selfsecured. Brokers that offer top quality education materials are: Banc de Binary, Tradorax, 24option, RBoptions, Bloombex etc.
Many things have changed since 2008 when the story with binary options has started. Today we have less time and more commitments in our lives. Because of technical development technology has made a few steps forward and made binary trading available on our smartphones. Binary trading can be followed and traded from any place in the world. If you are person with busy schedule – download binary trading software on your tablet or smartphone and save your time. Mobile trading is available with most binary brokers on the market. Many brokers have developed trading software for Androids and iPhones that is available on Google Play and App Store, usually free of charge. You can also get binary auto trading software on your smartphone and trade or check your trading history from any place you want.
Reputable Binary Options Brokers
The main idea of Fair Binary Options portal is to bring most accurate information about each binary broker on the market. We wanted to make a safe place for all traders so they can have the best binary trading experience without any scams and possible frauds. We are collecting brokerage companies from all over the world so our traders have wide market reach. Traders can choose to trade with different types of brokers.
Auto Trading Binary Options
This portal also recommends certain binary auto trading robots. Auto trading has become very popular in the last few years and it is definitely useful for traders who don’t have trading experience with binary options. We recommend robots to inexperienced traders because this is the best way to learn and get experience about binary options and trading methods.
Auto robots offer trustworthy binary brokers, binary signals and many great trading features. Main purpose of auto trading robot is to receive binary signals from signal providers and use them on trader’s behalf, when the best market opportunity comes by.
There are binary robots that are free of charge, including binary signals, and there are also binary software for which traders have to pay certain amount of money. We recommend traders to carefully read our detailed reviews and choose only trusted and recommended brokers and tested auto trading robots. There is always possibility of getting scammed, so we want to avoid that by writing about as many binary brokers and robot software reviews as possible. Traders can find a section about Auto trading robots where we have updated new reviews of robots that have passed our security tests.
There are thousands of brokerage companies available for trading on the market and the number of brokers is increasing rapidly. Because of this, we wanted to point out there are many scam brokers lurking so traders should be careful when choosing the right broker. There are brokers that are regulated by main regulatory body of that country. Usually, regulated brokers have high security standards and trader’s funds are segregated to special accounts where they are safe. New Zealand’s regulatory body is called Financial Markets Authority (FMA) and it regulates binary industry for New Zealand from May 2020. All brokers that want to operate in New Zealand have to obtain a licence in order to operate legally.
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.
Best Of List – Binary Trading Brokers For NZ Traders
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