ZoomTrader Demo Account

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ZoomTrader Review

One unfortunate thing that binary option trading has come with is the number of scams masquerading as legit binary options software. Thousands of people have made and are still making good money from this trade but scammers are pushing away a good number of would-be investors due to their fraudulent activities. Add this to the out-of-this-world promises that newbies are bombarded with the moment they go to the search engines in search of binary option software and you have a fertile place to rip off people who do not know better. The danger is precipitated by the fact that there is very little international regulation in this fast growing industry. It is therefore important that you do your due diligence before depositing your hard-earned money with fly-by-night scammers.

What ZoomTrader is all about

To get to know what ZoomTrader is about, you need to know the following about the binary options broker:

  • Created in 2020, ZoomTrader has been around for a long time in binary options trading terms. Domiciled in British Anguilla, this broker tries to make things look easy to traders, probably as a lure to hem in as many investors as possible.
  • The trading platform on which ZoomTrader operates is the Tradologic platform. It offers a wide range of trading possibilities including Range options, One Touch Options, Touch Up/Down, Turbo and Digital Options.
  • They promise very impressive returns at 80% on all your trades. This is quite on the high side considering that people who have traded with this broker report much less returns. They will also promise the investors who trade in Bitcoins at the side or full time a return of 67% on their trades.
  • ZoomTrader offers a demo account for people to try out their software. The downside is that you will need to make a deposit first before you access the demo account. This implies that you will not give the software a test run to help you decide whether to make a deposit or not. In fact, you need to have made the decision to make the deposit before accessing the demo account. If you are the cautious trader who tries a totally free demo first, this is not the software for you.

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How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

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  • 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.

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    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

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    The Promotions at ZoomTrader

    The main promotions with this software are in the bonuses. These bonuses are set at 50% for deposits of between $500 and $1999, a bonus of 75% for deposits between $2,000 and $4,999. A bonus of 100% for deposits that are between $5,000 and $19,999 is awarded. Traders can expect more extra opportunities to earn money with risk free trades. Provided are current market reviews and trading strategies.

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    While this is what it says in its website, independent reports on the veracity of these promises are yet to be received in numbers enough to generate a firm opinion on the same.

    Trading accounts at ZoomTrader

    There are four different accounts that you can trade from with ZoomTrader. The bonuses you receive and the benefits accruing will depend on the account you hold. These accounts are:

    • Bronze Account: The minimum deposit here is $500 and a maximum of $1999. It attracts a bonus of 50% and the benefit of introductory videos.
    • Silver Account: Deposits of $2000 to $4999 make up this account. Your bonus here is set at 75%. Apart from video courses, you will also receive 2 trading strategies, webinars and market reviews.
    • Gold Account: This holds deposits of between $5000 and $19999 and attracts a bonus of 100%. Other benefits include introduction videos, 2 risk free trades, webinars, 3 trading strategies, high payouts, same day withdrawals and your own account manager.
    • Platinum Account: This one caters for deposits in excess of $20000 and gives preferential treatment with all the benefits that the Gold Account offers and more.

    Deposits and Withdrawals at ZoomTrader

    With this software, depositing and withdrawing is not restricted to specific cards and wireless transfers. You can also deposit in your preferred currency. This raises the pool of traders who can join. It also raises the question of safety and security of privacy and of funds since it looks like anything goes here.

    Minimum withdrawals are at $100 and you cannot withdraw unless your bonuses have all been traded. For the silver and bronze account, you will need to wait for at least three days as this is their waiting period. Same day withdrawals are only for Gold and Platinum accounts.

    Red flags

    Trading with ZoomTrader seems risky if these red flags are to be considered before you make your first deposit:

    1. Customer support is terrible. There are complaints all over the internet about the poor communication methods the company has. It is probably due to the factthat all correspondence and customer queries seem to be in the hands of one person who goes by the name Jack Moore. This is red flag number one. You would think a large company like ZoomTrader would have more employees to handle customer complaints. This one seems like a lone ranger kind of outfit.
    2. Withdrawing delays have been the constant complaint about this software. There is no reason to delay traders withdrawals beyond what the account requirements stipulate. There are also complaints of traders who have been unable to access their accounts completely. You want to put your money here? Do so at your own risk.
    3. Bonuses are not optional here. They are lumped into your account whether you ask for one or not. The fact that you cannot withdraw with bonuses that are untraded, you will have to wait a while before your money is accessible because you will be forced to trade the bonuses before you can withdraw.
    4. Reports have surfaced of expiry times being extended arbitrarily. This is where you are trading a 60 second option and it does not expire till after more than 40 seconds after the time it was supposed to. By this time, the signal could have changed and you would have lost your money.

    We cannot confirm whether ZoomTrader is trustworthy or not, so we recommend that you use binary option robot instead.

    Verdict

    ZoomTrader is not a trustworthy software, no doubt about this. The red flags are serious enough to make you think again about giving these people an opportunity to get your hard earned money.

    What you need to do

    Your only reason for wanting to trade in binary options is to have a good return on your investment. It is for this reason that you should opt for a trading platform where you and your investment are treated with the deserved respect and worth. This software that does all this is the Binary Option Robot.

    It is fully automated and the promised returns are not out-of-this-world; they are realistic and achievable as is the testament of so many traders, professionals and beginners who continue to enjoy the true benefits of binary options trading with Binary option Robot.

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    ZoomTrader Review

    ZoomTrader

    Broker ZoomTrader
    US Traders Accepted
    Company Name Zoomtrader.com
    Headquarters British Anguilla
    Regulation No
    Bonus Type Match bonus
    Bonus Size 100%
    Max Payout 85%
    Out-of-Money Reward 0%
    Trading Platform TradoLogic
    Deposit Options Credit or debit card, wire transfer, Skrill, UnionPay, WebMoney, Moneta, Yandex.Money, SOFORT, Neosurf, AstroPay, Instant Bank, TrustPay, Fiserv, iDEAL, AllCharge, CashU, POLi payments
    Deposit Currencies Euros, US Dollar, British Pound, Australian Dollar, Brazilian Real, Chinese Yuan
    Minimum Deposit $200
    Minimum Trade $5
    Maximum Trade $500
    Online Since 2020
    Trading Instruments Currencies, commodities, stocks, indices
    Number of Trading Instruments 66
    Binary Option Types High/Low, Turbo (5 minute trades), One Touch, No Touch, Touch Up/Down, Range
    Customer Support Types Web form, email, phone, live chat
    Education Offered eBook, glossary, how-to pages, video tutorials. For higher account tiers, charts and signals, strategies, faster withdrawals, and 1-3 risk-free trades.
    Tools Offered Daily market updates, blog (economic calendar).
    Commission $40 for wire transfers, and $40 for withdrawals made after the first of every month.
    Languages English, German, Spanish, Russian, Polish, Italian, Arabic, Korean, Turkish, Chinese, Portuguese
    Demo Account No

    ZoomTrader is a binary options broker which opened its doors in 2020 and is based in British Anguilla. The company accepts traders in the USA, and at first glance, appears to have some attractive offers. High bonuses are available, there are six currencies you can trade in, more than a dozen payment methods accepted, and a whole set of online training videos which are accessible to anyone.

    This is not a company that we can recommend trading with, however, since there are numerous complaints online, and unless this company has a lot of enemies, they are all factual. Is everything about ZoomTrader 100% negative? No, they do have some nice features, but nothing you cannot find at another, more honest broker. Read ahead to learn more about ZoomTrader’s features and complaints and why we suggest you steer clear.

    Opening a ZoomTrader Account

    There are five different account tiers available to new traders, starting with the Mini account for deposits of $200-$499. This account comes with a 20% bonus. The highest account tier is the Platinum account for deposits of $5,000 or more. This account comes with a bonus of 100% (up to $5,000). All the account tiers feature some benefits, but at the higher levels, there are quite a few listed, including a dedicated manager, faster withdrawals, several risk-free trades, trading strategies, charts and signals.

    You can deposit in Euros, British Pounds, Australian Dollars, Chinese Yuan or Brazilian Reals, which would be great for traders in China, Brazil or Australia, if we commend recommend ZoomTrader. Along with credit and debit cards and wire transfer, more than a dozen online payment vendors are accepted. These include Skrill, CashU, UnionPay, Moneta, Yandex, SOFORT, and others. There is a $40 fee for wire transfers, and also for “withdrawals made after the first of every month.” Presumably this means additional withdrawals past your first one, not withdrawals on dates other than the 1st of the month.

    Trading Features and Resources

    ZoomTrader is powered by Technologic, a familiar trading platform which is used by many brokers. You will find 66 trading instruments, including currencies, commodities, indices and stocks. The minimum trade size is $5, and the maximum trade size is $500, with the average payout ranging from 75-85%. There is no out-of-money refund.

    One of the appealing features of ZoomTrader is the wide array of trade types included. Not only can you do a standard High/Low trade, but you can also participate in One Touch or No Touch trades, Touch Up/Down trades (a simple variation on the Touch trade type), Range trades, or Turbo (5 minute) trades. With so many trade types, there are a lot of ways a trader could potentially make money on the site. At least, that would be the case if the site allowed traders to profit, and there are strong indications that they do not.

    Daily market updates and a trading blog are offered on the site, but there was no indication of early closure or rollover or additional tools to control trades. That is a major drawback. Other features which would be useful are also prominently missing, like mobile trading or demo trading. Demo trading in particular is an indispensable learning tool, and one to three free trades for higher account tiers does not make up for its absence.

    The site does not do poorly when it comes to providing other learning materials. There is a glossary, some how-to pages, an eBook, and a whole set of video tutorials on risk management, technical analysis, and trading psychology. Initially these tutorials looked very exciting, as they seemed to show good faith—but then we saw the customer reviews.

    Terrible Reviews Online for ZoomTrader

    First off, customer service appears accessible through a number of channels: web form, email address, telephone number, or live chat. When we tried to reach a customer service agent on live chat during standard market hours on a weekday, nobody was there. The live chat window went straight to a form submission for our questions. This is never a good sign. Imagine how hard it would be to get a hold of ZoomTrader if you had a problem.

    While researching ZoomTrader to try and find some third party information on the site, we came across numerous complaints on websites like www.complaintslist.com and www.ripoffreport.com. In fact, out of dozens and dozens of binary options brokers we have researched, we haven’t found more complaints for any other broker. Complaints regard a number of different issues.

    As an example, trades sometimes expire 30 to 60 seconds later than they should, resulting in money lost. A customer service agent (always a guy named Jack) writes back, saying that the site has “issues” and will be “fixed soon.” After equivocating, Jack will then point the customer, who has unfairly lost money on a trade that should have won, to the Terms and Conditions, stating that the broker is not responsible. Other complaints involved bonuses. Customers who requested they not be issued a bonus were issued a bonus anyway, which disrupted their money management plans. Still other customers were unable to withdraw their winnings or their original deposits. Customers were regularly harassed to talk on the phone instead of using the chat or email system where records could be produced.

    These complaints are so pervasive and specific it is difficult to imagine them being anything other than accurate. On top of that, the positive reviews we unearthed for this company (and there were not too many) all were obviously written by affiliates, exaggerating the advantages of the company and oversimplifying trading as a business.

    This is why despite the fact that many of ZoomTrader’s features are appealing, we urge customers to stay away from them. Research this company and you will discover the same complaints we did, and they are not hard to find. All you have to do is input the company name into Google and you will find complaints on the very first page. There are many other binary options websites which offer excellent features and far better customer service, and moreover, are actually trying to do business. ZoomTrader appears to be a scam through and through.

    ZoomTrader , 1.0 out of 10 based on 1 rating

    Zoom Trader Review

    Overview

    IMPORTANT NOTICE: ZoomTrader is longer accepting US Traffic since 2020. If you are based in USA, we recommend to check our Top 10 USA binary options brokers.Contents1 IMPORTANT NOTICE: ZoomTrader… more

    Details

    Platform Zoom Trader
    Website URL www.zoomtrader.com
    Founded 2020
    Headquarters British Anguilla
    Support Types Live Chat , E-mail , Phone ( USA +1.646.5645645 )
    Languages English , French , German , Italian , Spanish , Russian , Arabic , Portuguese , Japanese , turkish , Chinese , Polish
    Trading Platform Tradologic
    Minimum 1st Deposit $200
    Minimum Account Size $200
    Minimum Trade Amount $5
    Bonus Up to $2,500 Welcome Bonus + Free eBook
    Max. Payout 73-85%
    Free Demo Account
    Deposit Methods Credit Cards ( VISA, Mastercard, AMEX, JCB,) , AllCharge , Diners Club , Moneybookers – Skrill , Boleto , Moneta , Webmoney , Yandex , Sofort , Neosurf , Astropay , Instacard , Trustpay , iDeal , Poli , Multibanco , Bank Transfer
    Number of Assets 66
    Types of Assets Indices, Commodities, Stocks, Currencies
    Option Types Digital , Touch , Turbo , One Touch , Range
    Trading Currency USD
    Account Currency USD
    US Traders
    Overall Score 78/100
    • Great Welcome bonus ( up to $2,5000 )
    • Up to 83% Return
    • Simple Platform
    • Many deposit options offered,
    • Few assets to trade
    • Withdrawal issues

    Full Review

    IMPORTANT NOTICE: ZoomTrader is longer accepting US Traffic since 2020. If you are based in USA, we recommend to check our Top 10 USA binary options brokers.

    Overview

    Zoom Trader was founded to help people who are interested in online binary trading make decent earnings from the trade. They have made trading on stock exchanges to be very easy and accessible to anyone interested in the trade. Zoomtrader makes use of a very user friendly platform. Their unique trading platform can be used by professionals and newbie’s alike without any difficulties. The platform is powerfully designed and it will let you appreciate the amount of money that you will invest.

    Website usability

    ZoomTrader.com has realized that for people to be able to use their platform, their website must be expertly designed. That is what they have achieved. They have a very user friendly website that is good for new comers in the online binary trading and also to the professionals. They both find it easy to use and maneuver around. Hardy tutorials are also readily available that will introduce a novice in their trading platform within no time.

    Zoom Trader – Homepage

    Assets and Expiry time

    Zoomtrader.com deals with productive and high yielding stock and other tradable commodities. Here are some of the assets they have at the moment:

    • Stock – Apple, Microsoft, Nike, Vodafone, Google, Boeing, Exxon Mobil, Amazon, Renault, HSBC, Coca Cola, BMW, among other top performing stocks.
    • Commodities such as coffee, crude, copper, gold, sugar, and silver.
    • Currencies which includes GBP/JPY, AUD/USD, EUR/JPY, EUR/CHF, NZD/USD, EUR/USD, EUR/GBP, USD/CAD, among other profitable currencies.
    • Indices such as Bovespa, Dax Future, Dow Jones, CAC Future, Nasdaq future among others.

    The expiry time ranges from 60 seconds up to 30 days. The options to choose are touch, call and put.

    Commissions and Maximum profits

    They offers great returns for your investments. It is possible to appreciate your investment up to 83 percent within a very short period of time. They have no commissions, spread, and fees that they charge.

    Customer service

    ZoomTrader has an elaborate customer care service that ensures their clients are attended to anytime they need assistance. Their customer support can be reached in various ways:

    • A live chat where you will get answers direct from an expert
    • Via email
    • Through phone support
    • One can also make use of a web contact form

    Deposit options

    Zoom Trader offers its clients numerous secure ways of depositing money. These are just some of the options that you can make use:
    • MasterCard
    • Visa
    • AstroPay
    • Instant Bank
    • Amex
    • TrustPay
    • Skrill, among others

    Zoom Trader Review : Summary

    ZoomTrader provides you with a sure way of appreciating your investment with very few risks involved. Their platform is easy to use for new comers and professionals. Chances of making good money are very high ( up to 83% return ).

    Customer Reviews on Zoom Trader

    Best Binary Options Brokers 2020:
    • BINARIUM
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      Top Broker!
      Best Choice For Beginners!
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      Big Sign-up Bonus!

    • BINOMO
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      Perfect For Experienced Traders!

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