ZoomTrader – review of the binary options broker. Traders reviews

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Zoomtrader

ZoomTrader Review

Over the past couple of years, the binary options trading industry has been focusing their eyes firmly on brokers that are regulated. As such, binary brokers who are regulated by the Cyprus Securities Exchange Commission (CYSEC) and the Malta Financial Services Authority (MFSA) are held in high regard to the fact these brokers hold the “paper qualification” to operate legally within the Eurozone. As seen by the recent suspension of WGM Services Ltd’s CIF license by the CYSEC in late November 2020, having a piece of paper issued by a regulatory body is no guarantee that a broker will remain operating indefinitely. This is why in this review we have decided to focus on ZoomTrader, a binary options broker who has been around for a few years and has now been regulated by CySEC (224/14) in January 2020.

Trading Platform

The differences between ZoomTrader and other leading binary brokers don’t just extend to how these brokers render their services to their clients. There are also major differences between the type of trading platforms adopted by these brokers and ZoomTrader. While most brokers have chosen to adopt the SpotOption powered trading platform as their trading platform, ZoomTrader have instead opted to use the Tradologic powered platform.

While the Tradologic powered platform might not be as fancy as the SpotOption platform, it does have its own plus points. For example, the platform allows traders to decide what format they want their trading screen in. There is a choice of 3 different formats namely, “Classic View”, “Multi View” and “Chart View”. Traders also have the options to decide their return and risk ratio for every single trade. Previously, this feature was only limited to a certain type of trading contract called “Option Builder”. However on ZoomTrader, there is no such limitation.

Finally, ZoomTrader’s trading platform also comes with a couple of useful risk management tools call “Close Now” and “Extend Now”. These tools are used for closing a position before its expiration time and for extending the expiry time of an option respectively.

Payouts

In terms of the payouts offered by ZoomTrader, the returns are quite reasonable and capped at a maximum of 83% for normal trades. An interesting thing about ZoomTrader’s payout ratios is the fact that traders have the ability to decide between 5 different levels of returns and risks which they want to undertake for each trade. The lowest return is at 60% with a rebate of 20% for failed trades. The highest return is usually pegged at 80% with no rebates.

Trading Accounts and Contracts

As for trading accounts at ZoomTrader, they have given traders a choice of 4 different types of trading accounts. Beginners can start with the Bronze account and gradually work their way up to Silver and Gold trading accounts. For those who are interested in trading in volume, they are recommended to open a Platinum trading account as this type of account is more suitable to those who are dealing with larger amounts.

Trading contracts at ZoomTrader are divided into 5 different categories as listed below:

  • Digital Options
  • Turbo Options
  • Touch Up/Down Options
  • One Touch Options
  • Range Options

Reliability and Customer Support

Since beginning their operations in 2020, ZoomTrader has proven to be a very reliable broker and maintain a high standard in the quality of the services that they offered. We can see this from the fact that they are always ready to assist traders 24 hours a day 7 days a week. To make the task of communicating with the support team easier, they have provided traders with several communication channels such as email, live chat and the telephone to contact them. Miscommunications between the support team and traders are kept to a minimum with the availability of multi-lingual support in several major Asian and European languages.

Conclusion

While we won’t go as far as saying that ZoomTrader is the best binary broker around, we cannot deny the fact that they have managed to endear themselves to a large following of loyal traders. This is because ZoomTrader goes all the out the way out to make their traders feel appreciated rather than blindsiding them with gimmickries such as so called “technical Innovations” and the fact they are “regulated” entity like what most brokers are doing nowadays.

ZoomTrader Review

Trading Platform ZoomTrader

ZoomTrader uses the TradoLogic online trading platform which is loaded with features and tools that are not found in other trading platforms. For instance, you can choose from Classic view mode, Single view mode, or Multiple view mode. The platform displays charts with real-time price data from the market giving traders accurate information about the prevailing market situation.

ZoomTrader offers a large number of assets for trading from stocks and indices to commodities and currencies. You can find top corporations such as Barclay’s, Adidas, and Allianz listed here. The trading platform provides accurate information and the broker does not attempt to manipulate it. All the offers expire at the given time and you will not have any problems trading easily and comfortably on ZoomTrader’s platform.

Standout features of ZoomTrader’s trading platform are “Close Now” and “Extend Now” which can help you maximize your profits. Use the “Close Now” feature to close your trades before the initial expiry time and lock in your profits. For unfavorable trades, you can delay the expiration by using the “Extend Now” feature. This lets you roll over your trades to the next expiry time.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

ZoomTrader does not deduct any taxes from your account. There are no fees to open an account, simply deposit the minimum amount and start trading immediately. Another notable feature is ZoomTrader uses the same secure internet technology utilized by financial institutions to ensure your money is safe. No special software is required for trading, you simply need an internet connection to get started.

  • Multi-lingual 24/7 customer support
  • Good range of trade types
  • Easy to use trading platform
  • Wide range of underlying assets
  • High bonuses
  • Multiple funding options
  • To get the bonuses, traders have to do a high volume of trades
  • No free demo account

Platform type: Tradologic

Platform Languages: English, Spanish, German, French, Russian, Italian, Arabic

OS Compatibility: Mac OS, iOS, Windows

Streaming News Feed: No

Email Alerts: No

Mobile Alerts: No

Company information ZoomTrader

Located in: Seychelles

Website: https://www.zoomtrader.com/

Founded in: 2000

Accepts US Clients: Yes

Phone number: +44-161-738-1347

Email: [email protected]

Account Options ZoomTrader

Commission:

Minimum Deposit: $1000

Payouts Percentage: 83%

Deposit Options: Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers, Neteller

Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer, Moneybookers, Neteller

Payout Ratios: Average returns are about 80%, going up to the highest ratio of 83%.

Available Assets ZoomTrader

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Italian, Turkish, Arabic

Customer Service Hours: ZoomTrader offers 24-hour customer support.

Place Trades Over the Phone?: No

ZoomTrader Trade types

ZoomTrader offers a wide range of trade types:

  • Turbo Options (60 Second Options)
  • Touch Up/Down Options (Double Touch Options)
  • Range Options
  • One Touch Options
  • Classic High/Low Binary Options

ZoomTrader Trade accounts

ZoomTrader offers three types of trading accounts:

$1000 – $4999

  • 1 trading strategy
  • Introduction video course
  • Weekly market reviews

$5000 – $9999

  • 2 trading strategies
  • Advanced video course
  • Daily market reviews
  • Introduction video course
  • Weekly market reviews

$10,000 – $50,000

  • 5 trading strategies
  • Advanced video course
  • Daily market reviews
  • Dedicated account manager
  • Introduction video course
  • Same day withdrawals
  • Weekly market reviews
  • Weekly one-on-one trading sessions

ZoomTrader Position In Our Categories

Position of ZoomTrader in our main categories:

ZoomTrader is one of the top 50 Binary Options Brokers products

If you are considering ZoomTrader it may also be sensible to check out other subcategories of Binary Options Brokers listed in our database of SaaS software reviews.

It’s essential to realize that hardly any service in the Binary Options Brokers category will be an ideal solution that can meet all the goals of different investors. It may be a good idea to read a few ZoomTrader reviews first as certain solutions might actually perform well only in a specific geography or situation or be designed with a really specific customer in mind. Others might work with an idea of being simple and intuitive and as a result lack advanced features welcomed by more experienced users. There are also services that cater to a wide group of customers and provide a complex feature base, however this in most cases comes at a more significant cost of such a solution. Be certain that you’re aware of your needs so that you choose a service that provides all the functionalities you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and ZoomTrader reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with ZoomTrader. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

ZoomTrader Review

Review

ZoomTrader is a binary options trading platform that provides investors and traders with the ability to trade stocks, currency pairs, commodities and indices on the binary options market. Zoomtrader maintains offices across the world, including London, British Anguilla and the Republic of Seychelles.

General Information

Founded: 2020
Headquarters: United Kingdom
Bonuses: Up to $2500 or 100%
Languages available: English, French, Arabic, Portuguese, German, Spanish, Russian, Italian, Polish, Turkish, Chinese

ZoomTrader offers traders and investors three unique types of binary options–Digital, Touch and Range as well as appealing trading tools such as Close and Extend, which give traders the ability to close their options before the time of expiration or automatically extend the time of expiration after buying the option.

The Zoomtrader website is not as busy as many other binary options sites which makes it easier to navigate. The education center provides an interactive introduction to binary options describing the different platforms and available accounts, free video tutorials and an e-book. During this ZoomTrader review we took the opportunity to view some of the videos and found them to be quite edifying and especially informative for inexperienced traders just getting into binary options trading. However, these videos replace any written descriptions and traders who prefer reading about the various accounts and platforms are given no alternative but to view the online videos.

There are no startup or broker fees and no commissions at ZoomTrader which is a refreshing change from many other brokers. However, I did not see a demo account offered for new traders and this is definitely a drawback, albeit one that isn’t uncommon in the binary options world.

Features

Several interesting features are offered by ZoomTrader. A trading simulator appears on the front page so you can ‘simulate’ exactly what the outcome of your investment will be by choosing a price and direction of the trade. A click on the glossary brings up a list of financial terms helpful in understanding all types of investments. Their ‘trader insight’ tool allows the viewer to see how other traders are investing at Zoomtrader.

In addition, market updates are presented as they happen and an economic calendar is provided so you can stay up-to-date on global events.

Customer service is available through chat 24/7 and the company representatives are courteous and informative. E-mail and phone contact is also offered and they can be found on Facebook, Twitter and YouTube.

All in all, we found ZoomTrader to be a highly professional binary option trader with a user-friendly website and easily accessible information.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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