Zoomtrader Broker Review

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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:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 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.

    3. Decide on how much you want to Invest

    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!)

    Get trusted binary option robot for free by clicking on the button below

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    • Binarium
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      The Best Binary Broker 2020!
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    • Binomo
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      Good Broker For Experienced Traders!

    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.

    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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    Binary Options Broker Zoomtrader

    Review of the Binary Options Broker Zoomtrader

    Zoomtrader is a binary options broker from Europe which offers various types of options like Above/Below, One Touch and 60 seconds options based on many assets (underlying markets) of various types such as currency pairs (Forex), stocks, indices and commodities. With this company the trader can open a demo account with no limit of time.

    Type of Broker

    Zoomtrader is a Binary Options Broker.

    Country of origin

    The main offices of this broker are located in Cyprus. It has customer support offices located in other countries like USA, Spain and United Kingdom.

    Regulation

    No information about it.

    Underlying Assets

    This broker offers the possibility to trade with binary options based on the following underlying assets:

    • Forex Market: 11 currency pairs of the Forex market, including the most important like the EUR/USD, USD/JPY and GBP/USD, and other more exotic and less known including the NZD/USD among others.
    • Commodities: 6 of the most important and traded commodities in the market, including gold, silver, crude oil and coffee among others.
    • Stock Indices: 9 of the most important stock indices of the financial markets, including the S&P 500, Dow Jones, NASDAQ, FTSE 100 and Bovespa, among others.
    • Stocks: 35 of the main stocks of the most important markets in United States, Europe and Asia such as Boeing, Nike, Google, BMW, HSBC, IBM, Sony and Toyota among others.

    Types of Binary Options

    Zoomtrader offers its customers the ability to operate with the following types of binary options:

    • Binary Options Above/Below: Today it is the most common and popular type of binary option on the market due to the relative simplicity of its operation compared with other financial instruments and the high and fast income that offers for investors. In this case, the trader only has to determine whether the price of the financial instrument (the underlying asset) will increase or decrease with respect to the adquisition price of the option. Usually Zoomtrader provides Above/Below options with a maturity of one hour, but the trader can also trade options with shorter expiration periods (60 seconds, 15 minutes, 30 minutes, etc.) or with higher expiration periods..
    • One Touch Binary Options: It is a type of binary option more complex compared to the Above/Below options because the trader must predict whether the underlying asset price will reach or not a certain price level or barrier. If the price reaches the barrier the option expires automatically even if not completed the period of the option. Usually, One Touch options have a higher maturity period compared with the Above / Below options and offer a performance that can reach 700% in the case of this broker.
    • Range Binary Options: These are binary options in which the trader must establish whether the underlying asset price is going to end or not within a certain price range consisting of a lower and an upper band. For this reason, these are more complex options that offer a performance similar to the Above / Below options.
    • 60 seconds binary options: This is a type of Above/Below options that have a maturity of only 60 seconds. For this reason are ideal for traders who prefer short-term trades to take advantage of market micro-movements, especially in volatile instruments like oil and certain currency pairs.

    Payment Offered by Zoomtrader

    The performance offered by the binary options offered by Zoomtrader that expire In The Money (winning trades) is the followin:

    • Above/Below Binary options: The performance is 75% to 85% of the capital invested by the trader in the option.
    • One Touch Binary Options: The performance offered is 400% to 700% of the capital invested by the trader in the option.

    -For options that expire Out The Money (losing trades where the traders are wrong in their forecast about the market), Zoomtrader broker offers the trader the possibility to recover up to 10% of the amount invested. This reduces the impact of losing trades in the account of the trader, especially during periods when the client suffer several losses.

    Trading Accounts

    ZoomTrader offers its customers a single type of trading account which includes all services of this broker such as an online trading platform (no download required), the ability to operate with several types of binary options based on a large number and variety of financial asset, promotions for new customers, education for traders, market news and analysis and many additional services.

    Additionally, the broker has a VIP account service for customers who deposit with large sums of money and trade with high volumes through their trading accounts. VIP customers enjoy an enhanced service that includes access to a market analyst of ZoomTrader and fast withdrawals which are processed in just 3-5 business days.

    Trading Platform

    Zoomtrader has an online trading platform (no download or installation required) which can be accessed from the website of the company. This application was designed specifically to trade with binary options of various types including Above/Below, One Touch and Range. To this end, it has several trading tools, such as some position management functions which allow the opening of new options and monitoring binary options that are still active. Also, this platform offers other tools like updated market quotes and price charts.

    This platform includes the following additional features:

    • Roll Over: This is a feature that allows Zoomoptions customers to extend the expiration pertiod of a binary option with a single click. This tool can be useful in those trades in which a trader believes that an option that at the moment is Out The Money, has a high probability to expire In The Money if the contract period is increased. Basically it is a stop loss strategy that increases the chances of success in an operation, however the use of this feature requires the addition of extra investment and also there is always the risk that the option still expires Out The money.
    • Close Now: It is a function that allows the trader to close a binary option efore the end of its period of maturity. This tool can be very useful in those trades where the trader believes that the market can change its trend before the option expires, so the investor can closes the position to secure the gains made so far. On the other hand, if the underlying asset price has moved against since the acquisition of the option, the trader can close the position to limit losses. In other words, this tool is also used to reduce the risk of the trades.

    Demo Account

    ZoomTrader offers a demo account with no limit of time.

    Payment Options

    The clients of Zoomtrader can deposit and withdrawal funds through the following payment options: Bank Wire Transfer and Credit Card (the most important like Mastercard and VISA).

    The deposits can be made both in Euros and US Dollars.

    Main Advantages of Zoomtrader

    • Zoomtrader offers the possibility to trade with binary options with an expiration period of only 60 seconds.
    • The broker’s clients are able to trade with various types of binary options.
    • This broker offers regular promotions to both new customers and regular customers mainly in the form of cash bonuses for the deposit of funds. ZoomTrader currently offers a 50% bonus up to $1000 to all new customers who open an account and deposit funds.
    • Through its website it provides daily market analysis carried out by experts.
    • It has several educational options, including a free ebook on binary options, a comprehensive glossary of financial derivatives and a blog devoted mainly to market analysis.
    • Zoomtrader has a good customer service which even offers the possibility to request a callback for free.
    • The trading platform has an application that allows the trader to check the trends of the trades conducted by traders operating with this broker. In this way, the trader can check the percentage of call options and put options purchased by customers of Zoomtrader for different underlying instruments like EUR/USD for example. This allows the client to get an idea of the prevailing market sentiment.
    • ZoomTrader offers the opportunity to earn money promoting its services as binary options broker through an affiliate program called ZoomTrader Affiliates.

    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

      The Best Binary Broker 2020!
      Perfect For Beginners!
      Free Trading Education!
      Free Demo Account!
      Get Your Sign-up Bonus Now!

    • Binomo
      Binomo

      Good Broker For Experienced Traders!

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