5 Best Binary Options Brokers in New Zealand in 2024

To help beginners and professional traders find the best binary options brokers in New Zealand, our team of experts has taken the responsibility of reviewing dozens of brokers. From licenses to instruments, promotions and bonuses, customer support, and website interface, we have gauged everything you need to know to narrow your options to only the very best. Enjoy the read!

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Top 5 Binary Options Brokers in New Zealand

If you are keen on finding the best broker in New Zealand, check our top 5 binary options highlighted here:

1. Pocket Option – Best Overall Binary Options Broker
2. Quotex – Best Binary Options Trading Experience
3. IQ Option – Binary Options Broker With Highest Leverage
4. Olymp Trade – Top Binary Options Broker in New Zealand
5. Deriv (Binary.com) – Long-standing Binary Options Broker

Please note: Trading binary options comes at a risk; we recommend that traders exercise caution and conduct thorough research before engaging in any financial transactions.

Pocket Option – Best Overall Binary Options Broker

Pocket Option is a binary option and CFD broker headquartered in Majuro, Marshall Islands. The broker was established in 2017 and is licensed by the International Financial Market Relations Regulation Centre (IFMRRC).

Overview

Registration and Verification Process

To sign up for a Pocket Option account, traders in New Zealand will have to go to the Pocket Option website. Fill out the form with your email address, and password. Remember to enter a promo code if you have one and agree to the Broker’s terms and conditions and risk statement.

Traders also have the option to sign up using their Facebook or Google accounts.

After registration, traders will have to verify their accounts. The Broker will send a verification link via email, requiring a government-issued ID and proof of address. After the verification process, your Pocket Option account will be labeled as verified.

Payment Procedure: Deposit and Withdrawal

Traders in New Zealand can make deposits on Pocket Option by using their currency NZD. Pocket Option provides payment options such as wire transfers, credit and debit cards, cryptocurrencies, and electronic wallets. These options allow for transaction ease and flexibility, mainly because they are available in New Zealand.

The minimum Deposit and minimum withdrawal on the Pocket Option is $50. The broker’s bonuses range from a 100% deposit bonus on the first Deposit, 50% on subsequent Deposit, and 20% for referral bonus.

Trading Platform

Web Platform

Pocket Option has a user-friendly and intuitive web trading platform designed explicitly for Kiwi traders. With this platform, you can create a demo account and explore the features and functionality of the trading environment.

With the platform’s integration with MetaTrader 5, you can rely on advanced algorithms to execute trades on your behalf. The platform has various technical indicators and tools that allow you to make informed trading decisions.

Mobile Application

• iOS ✅️
• Android ✅️

The Pocket Option mobile app enables users to access a range of assets directly from their smartphones. The app is meticulously designed to prioritize user-friendliness and is compatible with Android and iOS devices. Via this mobile app, users enjoy the same functionalities as the web version.

Both the Android and iOS versions of the app have the essential tools and features required for a consistent and efficient trading process. While there may be minor differences in the interface layout and availability of certain features, these variances have minimal impact on the app’s functionality.

The platform supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving users easy access to a wide range of technical tools, effective trade execution, and swift portfolio management.

Platforms Features

These features include:

Deposit

The Deposit section enables users to fund their trading accounts via the available deposit methods.

Withdrawal

The Withdrawal section depicts the withdrawal process, options, and withdrawal amounts.

History 

The History section displays a record of your trading transactions. It covers deposits, withdrawals, and account statements.

Cashback

The Cashback section enables you to receive up to 10% of your traded funds every month.

Promo codes

The Promo Code section contains information on how traders can redeem promo codes for bonuses and discounts.

My Safe 

The My Safe section has some recommendations and actions to secure your account and funds.

Summary

Quotex – Best Binary Options Trading Experience

Quotex is one of the binary options brokers established in 2019 by Ulangazy Askarbekov. It is headquartered in St. Vincent and the Grenadines and licensed by the International Financial Market Relations Regulation Center (IFMRRC).

Overview

Registration and Verification Process

Signing up on Quotex is easy. All you need do is fill out the Quotex website registration form. You will be required to provide your email address, password, and preferred currency. Alternatively, you can consider using your Google account or Facebook account to register.

After signing up, you will have to verify your account. Verification is as easy as signing up. To verify your account, you must upload a photo of any Government-issued IDs and proof of your present address and income. After uploading this, you wait for Quotex to review your documents and verify your account.

Payment Procedure: Deposit and Withdrawal

Traders in New Zealand can deposit and withdraw funds on Quotex in NZD. So, Kiwis don’t have to worry about exchanging their currency. Payment options on Quotex include e-wallets, local bank transfers, cryptocurrencies, and credit/debit cards. These options are flexible enough so traders can choose the option they prefer.

The minimum withdrawal and deposit amount on Quotex is $10. Quotex generally offers bonuses to all traders with a 10% cashback on losses, a 30% bonus on their first deposit, and a 50% bonus on other deposits.

Trading Platform

Web Platform

Quotex’s web platform was designed with simplicity; hence, navigating the platform is a breeze. With its selection of trading assets, technical indicators, and multiple payment options, Quotex provides traders with the tools they need to thrive in the market. The platform’s customizable interface, collection of trading assets, and technical indicators make trading as seamless as possible.

Mobile Application

• iOS ❌️
• Android ✅️

The Quotex Mobile App adds class to trading on the go. Designed for Android devices, the mobile app is created with efficiency and simplicity. From the range of trading assets to the suite of technical indicators, the Quotex app mirrors the functionality of its web platform.

With the Quotex mobile app, you can monitor your positions, execute trades, and access real-time market data wherever you are.

Platforms Features

These features include:

Deposit

The Deposit section lets users fund their trading accounts via their preferred deposit methods.

Withdrawal

The Withdrawal section depicts the withdrawal process, options, and withdrawal amounts.

Trades

The trades section offers traders different financial instruments, strategies, and risk management tools.

Account

This section offers traders multiple account types and trading options.

Analytics

This section has some tools that allow traders to access their trading decisions.

Tournament

The tournament section has a range of trading competitions where traders can compete for bonus prices.

Market

This section has a repertoire of functionalities to assist traders in navigating the financial market.

Summary

IQ Option – Binary Options Broker With Highest Leverage

IQ Option is a binary options broker headquartered in Limassol, Cyprus. It was founded in 2013 and is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC).

Overview

Registration and Verification Process

To sign up for IQ Options, Kiwis are required to fill out a form on the broker’s website. The details required are your email address, password, and the trader’s country of residence. Traders can also sign up via their Google or Facebook account.

Next is verification, which is quite straightforward. All you need to do is provide a government-issued ID, a copy of your utility bill, and your bank statement.

Payment Procedure: Deposit and Withdrawal

IQ Option allows traders to make deposits and withdraw using NZD. Banking options at IQ Option include e-wallets, cryptocurrencies, bank transfers, and credit/debit cards. The minimum deposit is $10, and the minimum withdrawal is $2.

Trading Platform

Web Platform

IQ Option’s web-based trading platform is designed with the user in mind, hence the availability of essential trading tools. Traders can access economic calendars, multi-chart layouts, technical tools, market updates, and volatility signals, all on the platform.

With 182 stocks, 31 forex pairs, 26 cryptocurrencies, 9 commodities, 12 indices, and 22 ETFs available for trading, traders enjoy the flexibility of diversifying their portfolios and adjusting their trading strategies as the market demands.

Mobile Application

• iOS ✅️
• Android ✅️

IQ Option’s mobile app supports Android and iOS devices with a user-friendly design and an intuitive interface. This app allows Kiwi traders to trade various financial instruments while on the go. They also have access to the platform’s demo as much as the real accounts.

Platforms Features

These features include:

Personal

The Personal section contains details of the account that have been tweaked to accommodate the trader’s preference.

Verification

This section confirms the validity of one’s account and the personal details provided during registration.

Portfolio

This refers to the traders’ collection of trading assets and transactions.

Withdraw

This section covers all the withdrawal transactions traders have issued on the platform.

Balance

This section covers the trader’s current account holdings.

Trading

In this section, traders can access various financial instruments, like stocks, ETFs, and Forex.

Customer Support

This section is for assistance with any questions, concerns, or issues relating to your trading on the platform.

Summary

Olymp Trade – Top Binary Options Broker

Olymp Trade is headquartered in Saint Vincent and the Grenadines. It was founded in 2014 and is licensed and regulated by the International Financial Commission (FinaCom).

Overview

Registration and Verification Process

As a New Zealander, signing up for Olymp Trade is hassle-free. All you need do is to fill out the registration form on the Olymp Trade website. You will be required to provide your email address and password. You can also sign up via Facebook, Google account, or Apple ID. For verification, you only need to upload a few copies of government license IDs and your utility bill.

Payment Procedure: Deposit and Withdrawal

New Zealanders can withdraw or make deposits on Olymp Trade using the native NZD currency. This transaction can be made via e-wallets, bank transfers, and cryptocurrencies.

Trading Platform

Web Platform

Olymp Trade’s web platform has a user-friendly and intuitive interface, with features that allow traders to swiftly analyze prices, manage positions, and transfer funds. The platform also runs a customer support system that works round the clock in multiple languages.

The platform has two main trading accounts. They are:

Mobile Application

• iOS ✅️
• Android ✅️

Olymp Trade’s mobile app is compatible with Android and iOS devices, and it offers traders the same functionalities of the web platform. With this app, traders can enjoy a seamless trading experience on the go.

Platforms Features

These features include:

Trades

This feature enables traders to focus on predicting the direction of an asset’s price within a timeframe.

Market

This section is where traders access various trading tools, strategies, and educational resources.

Event

This is where traders get promotional updates of events and tournaments.

Help

The Help feature is a customer support feature where traders get assistance with any trading issue.

Summary

Deriv (Binary.com) – Long-standing Binary Options Broker

Binary.com (now Deriv) is a well-known binary options broker founded in 1999. The over two decades broker is headquartered in Malta. Binary.com has gained a large following in New Zealand because of how long the broker has been a key player in the financial market.

It is regulated by the Vanuatu Financial Services Commission (VFSC) and Malta and Labuan Financial Services Authority (MFSA).

Overview

Registration and Verification Process

Signing up as a trader in New Zealand on Binary.com is a simple process. You are only required to provide your name, email address, and location. Traders can also sign up with a Google, Apple, or Facebook account.

For verification, traders are to upload a government-issued ID and proof of residence. The documents will be reviewed within 24 hours, after which the account will be approved for trading.

Payment Procedure: Deposit and Withdrawal

New Zealanders can withdraw or make deposits on Olymp Trade using the native NZD currency. This transaction can be made via e-wallets, bank transfers, and cryptocurrencies.

Trading Platform

Web Platform

Deriv’s web trading platform is designed with user-friendliness to afford players a hassle-free trading journey. The platform is accessible 24/7, so traders can trade at their convenience. The platform’s broad range of trading assets affords traders ample opportunities to explore different markets.

The platform is powered by MetaTrader 5 and advanced charting tools and features. The platform also supports automated trading with Stop Loss (SP) and Take Profit (TP) levels.

Mobile Application

• iOS ✅️
• Android ✅️

Deriv is one broker that understands the needs of its traders and thus designed mobile applications that cater to novice and experienced users. The mobile apps are categorized into:

• Deriv GO: This app is designed for first-time traders. It features an intuitive and easy-to-navigate interface, ensuring that beginners can quickly get acquainted with the platform.

• Deriv X: This app is designed for seasoned traders. It has a comprehensive set of advanced tools and features with enhanced functionalities for more complex trading strategies.

Platforms Features

These features include:

Trader’s Hub

This section has several trading resources to make trading hassle-free for traders.

Cashier

This section covers financial transactions and management.

View onboarding 

This feature showcases the onboarding process and how much the trader has covered.

View notifications

This section covers all the notifications about the activities of an account.

Manage account settings

This feature is designed to help traders manage the details and activities of their account.

Summary

Conclusion

Choosing an ideal binary options broker can be a herculean take. However, with the factors we have identified in this piece, finding the perfect broker for you will be a walk in the park especially if you are in New Zealand.

You can read through our top binary options brokers to see which suits you best. Whatever your choice, you can rest assured that you will get the best from the broker and that your investments are safe.

Please remember to trade within the limits of your risk tolerance. We are rooting for you.

To further guide you in making an informed decision, we’ve compiled two additional resources for your convenience.

1. Top Binary Options Brokers Reviewed:

Navigate through our comprehensive table, which breaks down 118 brokers. Whether you prioritize regulatory security or diverse trading platforms, this table will provide a broad overview.

2. Binary Options Brokers Compared:

For those particularly interested in the financial aspects of their potential broker, our second table compares 120 brokers. This can be especially helpful if you’re working within a specific budget or looking for specific trading conditions.

Broker	Min. Deposit	Min. Order	Leverage	Rating	Margin Trading	Guaranteed Stop Loss
1.	$5	$1	Up to 1:100	-	No	No
2.	$10	$1	Up to 1:1000 for forex, varies for other instruments	4	Yes	No
3.	100 USD	0.01 Lot	up to 1:1000	3.7	No	No
4.	$100	0.01 Lot	Up to 1:500	-	Yes	No
5.	$10	$1	Up to 1:500	-	Yes	No
6.	$25	$1	N/A	2.3	No	No
7.	$100	0.01 lots	Up to 1:30 for retail clients, 1:300 for professional clients	-	Yes	Yes
8.	$5	Not specified	Up to 1:1000	4	No	No
9.	5 USD	0.5 USD	Up to 1:1000	4.4	Yes	No
10.	$10	$1	Up to 1:500	4.1	Yes	No
11.	$10	$1	Up to 1:1000	4.2	Yes	No
12.	$10	$1	Up to 1:400	-	Yes	No
13.	$200	Varies by asset	Up to 1:30 for retail clients, higher for professional clients	4.2	Yes	No
14.	Not available	Not available	Not available	2.5	No	No
15.	$100	0.01 Lot	Up to 1:30 for retail clients, 1:500 for professional clients	1.6	Yes	No
16.	$250	Not specified	Up to 1:1000	2.8	Yes	No
17.	$1	0.01 Lot	up to 1:3000	-	Yes	No
18.	$100	0.01 Lots	Up to 1:400	4.7	Yes	No
19.	$250	0.1 lot	up to 1:100	1.5	Yes	No
20.	$200	0.01 lots	Up to 1:500	4	Yes	No
21.	100 USD	0.01 lots	up to 1:200	3.4	Yes	No
22.	$100	0.01 lots	up to 1:500	1.5	Yes	No
23.	$100	0.01 Lot	Up to 1:300	4.1	Yes	No
24.	$200	0.01 lot	Up to 1:500	3.8	Yes	No
25.	$1	0.01 Lot	Up to 1:1000	3.3	Yes	No
26.	$5	0.01 lots	up to 1:888	3.8	Yes	No
27.	$200	0.01 lots	up to 1:2000	-	Yes	No
28.	100 USD	0.01 of the lot	up to 1:30 for retail clients, up to 1:600 for professional clients	3.9	Yes	No
29.	100 USD	0.01 Lot	Up to 1:500	1.8	Yes	No
30.	250 USD	1 USD	1:50	2.4	No	No
31.	$250	$1	1:1	1.7	No	No
32.	$1	0.01 Lot	Up to 1:1000	3.8	Yes	No
33.	$10	$1	None	3.8	No	No
34.	$20	0.01 lots	up to 1:300	3.3	Yes	No
35.	$250	0.01 lots	Up to 1:30 for retail clients, 1:200 for professional clients	3.9	Yes	Yes
36.	$10	0.01 Lot	up to 1:1000	2.7	Yes	No
37.	$100	0.01 lots	Up to 1:500	4.4	Yes	No
38.	$100	0.01 Lot	Up to 1:300	4.1	No	No
39.	$10	0.01 lots	Up to 1:2000	3.8	Yes	No
40.	$50	0.01 lots	Up to 1:400	-	Yes	No
41.	$100	0.01 Lot	Up to 1:300	3.4	Yes	No
42.	100 USD	0.01 Lot	Up to 1:500	4.2	Yes	No
43.	-	0.01 Lot	Up to 1:500	4	Yes	No
44.	$100	0.01 Lot	Up to 1:30 for retail clients, up to 1:200 for professional clients	2.1	Yes	No
45.	10 USD	0.01 Lot	up to 1:2000	2.5	Yes	No
46.	$1	0.01 Lot	up to 1:1000	3	Yes	No
47.	$100	0.01 lots	up to 1:500	3.8	Yes	No
48.	$50	0.01 lots	Up to 1:200	4.7	Yes	No
49.	$0	0.01 micro lots	Up to 1:50 for US clients, varies for other regions	3.4	Yes	No
50.	N/A	N/A	N/A	4.4	No	No
51.	100 EUR/USD/GBP	0.01 lots	Up to 1:200	3.6	Yes	No
52.	100 USD	N/A	Up to 1:1000 (Varies by broker and regulation)	3.6	Yes	No
53.	$500	Not specified	Up to 6:1 for day trades, 2:1 for overnight positions	3.2	Yes	No
54.	0 GBP	0.01 lots	Up to 30:1 for retail clients, up to 500:1 for professional clients	4	Yes	Yes
55.	$500	Varies by asset	Up to 1:50 for stocks, varies for other instruments	4.5	Yes	No
56.	$200	0.01 lots	Up to 1:500	4.8	Yes	No
57.	Variable depending on account type and region	0.01 lots	Up to 1:1000	3.2	Yes	No
58.	$200	0.01 lots	Up to 1:30 for retail clients, up to 1:500 for professional clients	3.9	Yes	No
59.	$100	0.01 lot	Up to 1:400	4.3	Yes	Yes
60.	$0 for Standard Account, $500 for ThinkZero Account	0.01 lots	Up to 1:500 for Forex	4.3	Yes	No
61.	100 GBP	0.01 lots	Up to 1:30 for retail clients, up to 1:300 for professional clients	1.9	Yes	No
62.	$0	Not specified	Not applicable for U.S. based investment brokers	1.2	Yes	No
63.	$0	N/A	Up to 1:50 for Forex (for professional clients)	1.2	Yes	No
64.	$0 for IBKR Lite, $100 for IBKR Pro	No minimum order size	Up to 1:50 for stocks, varies for other instruments	3	Yes	No
65.	$50	0.01 Lot	Up to 1:500	4.3	No	No
66.	$500	0.01 lots	up to 1:30 for retail clients, up to 1:200 for professional clients	3.1	Yes	No
67.	$100	0.01 Lot	up to 1:1000	3.1	Yes	No
68.	$500	0.01 lots	Up to 1:400	1.3	Yes	No
69.	$10	0.01 Lot	up to 1:1000	4.4	Yes	No
70.	$0	Not specified	Up to 1:50 for stocks	1.1	Yes	No
71.	$500	Not specified	Up to 1:50 for stocks	1.1	Yes	No
72.	No minimum deposit	0.01 lots	Up to 1:500	2.6	Yes	No
73.	$10	0.01 Lot	up to 1:1000	3.4	Yes	No
74.	$1	0.01 Micro Lot	Up to 1:2000	4.6	Yes	No
75.	$200	0.01 Lot	up to 1:100	3.5	Yes	No
76.	10 USD	1 USD	1:100	3.4	No	No
77.	100	0.01	Up to 1:200	-	Yes	Yes
78.	-	-	-	1.5	No	No
79.	$2,000	Varies by asset class	Up to 1:30 for retail clients, higher for professional clients	3.7	Yes	No
80.	500 EUR	0.01 lots	up to 1:200	3.4	Yes	No
81.	$50	0.01 Lot	Up to 1:1000	2.3	Yes	No
82.	1000 CHF or equivalent	Not specified	Up to 1:100 for Forex	3.4	Yes	No
83.	100 USD/EUR/GBP	0.01 lot	Up to 1:800 (varies by instrument and regulatory requirements)	-	Yes	Yes
84.	$100	0.01 lots	up to 1:500	3.7	Yes	No
85.	$200	0.01 Lot	Up to 500:1	3.5	Yes	No
86.	$25	0.01 Lot	up to 1:1000	-	Yes	No
87.	$100	0.01 lots	Up to 1:500	3.4	No	No
88.	$1	0.01 Lot	up to 1:1000	1.9	Yes	No
89.	10 OPEX (Kyrgyzstani Som)	-	Up to 1:3000 (unverified, reported on forums)	-	Yes	No
90.	$50	0.01 lot	up to 1:500	-	Yes	No
91.	10,000 USD	Not specified	Up to 1:50	2.5	Yes	No
92.	$500	0.01 lot	up to 1:100	2.9	Yes	No
93.	$500	0.01 Lot	up to 1:200	1.8	Yes	No
94.	$0	1 share or $1 for fractional shares	N/A	-	No	No
95.	N/A	N/A	N/A	-	No	No
96.	$0	Not specified	Up to 1:4 for stocks	-	Yes	No
97.	$500	N/A	N/A	-	No	No
98.	Not specified	Not specified	Not applicable	-	Yes	No
99.	INR 0	Not specified	Up to 6x for equity intraday, varies for other segments	-	Yes	No
100.	$100	$1	Not applicable	-	No	No
101.	$0.10	Varies by asset	Up to 1:3 for cryptocurrencies	-	Yes	No
102.	$5,000	1 property	N/A	-	No	No
103.	В зависимости от страны и типа учетной записи	N/A	N/A	-	No	No
104.	No minimum deposit requirement	Varies depending on the cryptocurrency	Up to 3x for some trading pairs	-	Yes	No
105.	$0	Varies by asset	Up to 100x for cryptocurrencies	-	Yes	No
106.	$0	1 share or $1 for ETFs and mutual funds	Not typically offered	-	No	No
107.	$0	Varies by asset	None	-	No	No
108.	$0	Not specified	Not generally offered	-	No	No
109.	$0	N/A	N/A	-	Yes	No
110.	No official minimum deposit	Varies by asset	Up to 1:100 for certain instruments	3.2	Yes	No
111.	-	-	-	-	Yes	Yes
112.	1$	-	-	-	Yes	Yes
113.	-	-	-	3.8	Yes	Yes
114.	$5	-	1:30	4.1	Yes	Yes
115.	$10	-	1:500	1.5	Yes	Yes
116.	10$	-	1:500	-	Yes	Yes
117.	-	-	-	2.8	Yes	Yes
118.	$1	-	-	-	Yes	Yes
119.	-	-	1:500	-	Yes	Yes
120.	100$	-	-	-	Yes	Yes
121.	250$	-	Up to 1:500	-	Yes	Yes
122.	$0.0012	-	-	-	Yes	Yes
123.	$250	-	Maximum leverage of 1:400	2.3	Yes	Yes
124.	$250	-	Max leverage 1:500	1.3	Yes	Yes
125.	$500	-	1:6	4.6	Yes	Yes
126.	-	-	Starts at 1:20	2.1	Yes	Yes
127.	1$	-	1:400	3.6	Yes	Yes
128.	-	-	-	-	Yes	Yes
129.	138$	-	1:100	4.3	Yes	Yes
130.	10$	-	Not applicable for GC Option, max 1:500 on Grand Capital	2.5	Yes	Yes
131.	-	-	1:3000	4.8	Yes	Yes
132.	$10	-	1:500	4.7	Yes	Yes
133.	5$	-	-	3.4	Yes	Yes
134.	-	-	1:500	4.7	Yes	Yes
135.	200$	-	Up to 1:500	4.4	Yes	Yes
136.	$0	Not specified	Up to 1:50 for Forex	1.5	Yes	No
137.	$20	-	-	4.5	Yes	Yes
138.	$500	-	-	-	Yes	Yes
139.	-	-	-	4	Yes	Yes
140.	250$	-	1:30	4.3	Yes	Yes
141.	$100	-	-	4	Yes	Yes
142.	-	-	1:500	4.6	Yes	Yes
143.	1$	-	-	-	Yes	Yes
144.	20$	-	-	-	Yes	Yes
145.	-	-	-	-	Yes	Yes
146.	0$	-	Up to 1:2000	-	Yes	Yes
147.	100$	-	-	-	Yes	Yes
148.	-	-	-	-	Yes	Yes
149.	$5	-	-	-	Yes	Yes
150.	-	-	up to 1:500	-	Yes	Yes
151.	$100	-	1:1000	4.1	Yes	Yes
152.	-	-	-	4.6	Yes	Yes
153.	-	-	-	-	Yes	Yes
154.	$100	-	Up to 1:500	4.9	Yes	Yes
155.	$0	-	1:500	-	Yes	Yes
156.	$5	-	Up to 1:3000	4.3	Yes	Yes
157.	$1	-	1:500	4.4	Yes	Yes
158.	$200	-	1:2000	-	Yes	Yes
159.	-	-	-	-	No	No
160.	-	-	-	-	Yes	Yes