Binary options first emerged as a form of trading back in 2008 with just a few brokers available. These days there are quite a few brokers for New Zealanders from which to choose. Due to the competitive nature of this industry with its highly lucrative potential, more and more brokers have come onto the scene. While there is nothing wrong with competition, it’s important to be aware of a few things when taking it upon yourself to start trading in binary options. First off, you should be aware of the fact that not all brokers are the same. All offer commodities, stocks, currencies and indices, but there will be variations in terms of which commercial companies these brokers have partnerships with. For instance, one might have Microsoft stock while the other might have Apple stock. Information of this nature is important to know. However, of even greater importance is to know which ones are trusted and reliable, and which are blacklisted.
In an industry like Binary Trading, it’s important to choose a trader that’s regulated. If something is regulated, it provides peace of mind and lets you, the user or trader, know that things are being overseen, and that you haven’t entered what some might refer to as a Wild Wild West show. The same can be said about the online casino industry. It’s important when signing up to an online casino that you do so with one that is regulated. Blacklisting is another important factor to be aware of. You don’t want to sign up with traders that have been blacklisted. In the same breath, you wouldn’t sign up with an online casino that’s been blacklisted either.
When it comes to actual regulatory bodies, the key ones to be aware of are the following:
We’ve listed the top 20 Binary Traders which New Zealanders can sign up with to trade in indices, stocks, commodities and currencies. These traders are all regulated by one of the abovementioned regulatory bodies:
