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TOP 5 Binary Options Brokers in New Zealand
Finding the right binary options broker in New Zealand is a very difficult task. In this country, binary options are not officially banned, but an appropriate license is required to operate in New Zealand. The problem is that the aforementioned license is not issued to binary options brokers, which means that there is no legal broker in this country.
Quick Pick:
Best for Beginners: (Highly Recommended!)
Best Signals: (Recommended)
Best for Low Budget:
Best for VIP Traders:
Best Orders Execution: RaceOption
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As you can see, there are some interesting brokers available in New Zealand. Each of these brokers has been thoroughly checked by us and you can be sure that you will not get scammed. If you are looking for the best platform for New Zealanders, choose Pocket Option. It is in our opinion the best broker that offers tons of features and is regulated. If you are looking for great trading signals, choose Quotex, which generates signals with a accuracy of 87%. And if you are a complete beginner and are looking for a broker with the lowest possible initial deposit and rich educational background, choose Binarium.
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to a modern trading platform that offers all-in-one. On the platform you will find many analytical tools, indicators, signals, trader copy function, bonuses, cashbacks, achievements and much more. The more you deposit, trade and cash out, the more gems you earn, which you can exchange in the “Market” tab for bonuses, risk free trades and cashbacks. Pocket Option is certified by IFMRRC, which means that your deposit is properly protected, and the quality of services is at the highest level. If you are looking for a modern binary options broker that offers tons of features, is regulated and has very high returns, choose Pocket Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- New Zealand Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Quotex
Quotex is the youngest broker on our list, which was established in 2020 as an alternative to Pocket Option. The platform is very modern and minimalist and you will find there many indicators, analytical tools and the ability to draw on the chart. It is worth mentioning the function of trading signals, which the broker often boasts in promotional materials – the platform generates signals with an efficiency of up to 87%. In the “Market” tab you can buy risk free trades, cashbacks and bonuses. For your activity, the broker rewards you with achievements and effectively encourages you to break your own records and gain knowledge. The disadvantage of this platform is the lack of any regulations. We contacted support in this matter, certification is on the way. There are no regulations at the moment and we need to highlight it. If you are looking for a minimalist binary options broker with a nice platform, good returns and great trading signals, choose Quotex.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- New Zealand Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The broker was founded in 2012 but has never gained the popularity IQ Option, Expert Option or Pocket Option. Binarium for a long time offered an outdated trading platform and average investment conditions. Recently, the platform has undergone a facelift and has caught up with the competition significantly. In our opinion, it is the best broker for beginner traders because it offers a lot of educational materials and a minimum deposit of just $5. When opening an account, you can choose a default currency – if it is compatible with the currency of your bank account, you will save money on currency conversion during transfers. If you are looking for a simple binary options broker with extensive experience and a lot of educational materials, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- New Zealand Traders: Accepted
BinaryCent
BinaryCent is a binary options broker that was established in 2017. The platform works worldwide and even accepts US customers. Due to the fact that the broker is available in hard-to-reach areas, it can offer inflated conditions. The minimum deposit with this broker is $250. In our opinion, this is a lot considering that the competition allows for a minimum deposit of just $5. As the name of the broker suggests – the broker allows you to trade from 10 cents. BinaryCent has a light and not very modern platform that will work well on inefficient devices. It is worth mentioning the instant payouts that take place within an hour. The broker has different investment conditions depending on how much deposit you make. If you decide to deposit over $1000, you will receive a 50% deposit bonus and 3 trades with no risk. If Pocket Option and Binarium are not for you, BinaryCent is the ultimate solution.
- Regulation: Yes, Vanuatu Financial Services Commission
- Minimum Deposit: $250
- Minimum Trade: $0.10
- Bonus: 20-100%
- Payouts: 80% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- Now Zealand Traders: Accepted
RaceOption
RaceOption, just like BinaryCent, offers an identical trading platform but with a different interface color. The broker does not have any regulations or certification and the minimum deposit is also $ 250. Returns on investments are slightly better than BinaryCent but much worse than Pocket Option. When it comes to functions, the broker offers exactly the same as BinaryCent. On the platform you will find the function of copying traders and the tournament in which the one with the highest turnover wins. Unfortunately, I am not able to verify whether the same person is responsible for BinaryCent and RaceOption. Each of these platforms is signed by a different company. However, as far as I know, platforms are often made of purchased templates, so it is possible that one broker is a copy of the other. This doesn’t speak well for these companies, so I’d choose Pocket Option in your position.
- Regulation: None
- Minimum Deposit: $250
- Minimum Trade: $1
- Bonus: 20-50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- New Zealand Traders: Accepted
Conclusion
As you can see, there is a lot to choose from. Each binary options broker listed here has a free demo account that you can open by going to the broker’s website and then clicking “register”. To open an account, you need to enter your email address and password. In some cases, you will be able to choose your default account currency. The deposit and trading do not require any additional formalities. You can start your adventure with binary options in minutes. If you want to withdraw the money you earn, you will need to verify your account. To verify your account, you must confirm your identity and residential address. To confirm your identity, please send a photo of your ID card or passport. A photo of the electricity bill or bank statement is enough to confirm the address. Each broker requires verification as it protects against money laundering.
Is binary options trading legal in New Zealand?
Yes, binary options are legal in this country and are constantly monitored by local authorities. Binary options brokers must be properly licensed to operate legally in this country. The problem is that the New Zealand regulator does not issue licenses to binary options brokers. Theoretically, opening an account with an offshore broker is illegal, but many people in this country do. On our part, we do not encourage you to break the law and the choice is entirely yours.