• YEAR OF FOUNDATION: 2012
  • HEADQUATERS: Mahe & London
  • LANGUAGES: English, German...
  • SUPPORT: E-Mail, Live Chat, Hotline, Fax
Zoomtrader visit

Zoomtrader Review

 

Established in 2012 and situated in Mahe, in the Seychelles, ZoomTrader is the country’s first binary options broker. They have a fair selection of assets on offer and customers from all over the world use their service. This broker caters mainly for people who want to dabble in the markets, rather than those who invest on a very regular basis. However, their platform is certainly sufficient for the needs of moderate and experienced customers.

5 reasons for Zoomtrader

  • Licence by CySEC
  • Trading is kept simple
  • Mobile trading enabled
  • Good bonuses available
  • Customer service is satisfactory


visit Zoomtrader

 

What’s it like to invest with ZoomTrader

ZoomTrader use a lesser known software program called Tradlogic, to power their platform. The emphasis here is upon stripping away the extras and gimmicks which clutter some other sites, and focussing on the art of trading. It may be simple, but it’s also efficient and safe. 

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Asset types at ZoomTrader

The ZoomTrader portfolio includes each of the four key markets; indices, commodities, stocks and currencies. However, when read in full, their underlying assets list is not especially extensive. They have around 65 assets in all, which is sufficient for many traders, but may not offer the choice that others have come to expect. 

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Are there any special functions to look out for?

Despite its lack of complexity, the ZoomTrader platform does deliver some unusual features which cannot be found elsewhere. Traders can select a format for displaying the underlying assets from three different options; Classic View, Multi-view or Single View. There are also tools that enable a user to manage their level of risk, like Close Now and Extend Now.

Using the Extend Now feature, traders can lengthen their wager to include the next cycle, which could result in them achieving a more favourable outcome. The Close Now tool allows an investor to close the option before it is due to expire, so that any profit currently earned is safe.

 

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How responsive is the platform?

The ZoomTrader homepage is well laid out with clearly labelled sections and a banner providing information on the latest market trends. The Trade Now tab leads directly to the trading area, which is an excellent timesaving feature and there are other buttons which are similarly functional. In the trading area, a user selects an instrument, and then indicates the direction of the wager. To help them make an informed choice, there is a sentiment panel immediately below the chart. This indicates which percentage of traders are buying or selling popular currency pairs.

 

What durations are available at ZoomTrader?

There are five key trades at ZoomTrader; these are Digital, One Touch, Range, Turbo and Up/Down.

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Digital options is term used to mean binary options, these offer a payoff linked to the price of an asset when the trade expires. One touch trades can offer bigger rewards, but require plenty of skill. Here, ZoomTrader looks at the current price of an asset and define a limit for that price. This may be two figures, once for the upper and one for the lower limit. Then investors place a wager on whether a limit will be ‘touched’. Range options involve the use of boundaries; investors predict whether the price of an asset will fall within a specific range, during a set period of time.

As the name suggests, Turbo options take place in quick succession over one to five minutes. Sometimes the traders who use this type are known as Scalpers, because the swift and accurate nature of their investment strategy mimics the use of a scalpel.

Finally, up/down trades refer to the art of determining whether the price of an asset will be higher or lower than it initially was, within a set time limit. These can be used with durations of sixty seconds, two minutes, five minutes, fifteen minutes, thirty minutes and one hour. Longer term durations are End of the Day, or Week, and even End of the Month for more serious traders.


Is there a ZoomTrader demo account?

It is possible to use the versatile trading software offered by ZoomTrader by opening a demo account, this provides the opportunity to learn more about how the system works, without financial risk. Not many people want to put their own money on the line without fully understanding how binary options work, so all registered customers are entitled to a demo account if they have deposited sufficient funds. They simply need to contact the account manager who can make the necessary arrangements.

Once the virtual funds have been put in place, an account holder can try out their strategies, test the software and see how they get on without losing money. It’s an excellent way for people to iron out any issues with the system and identify their strengths and weaknesses.

 

What account bonuses exist for new customers at ZoomTrader?

ZoomTrader have four levels of account and these each have a different minimum deposit. The Mini account minimum is £200-500, the Bronze account minimum is £500-999, the Gold account minimum is £2500-5000 and the Platinum account accepts deposits from £5000 and above. The bonuses available depend on the value of these initial deposits, for payments of between £500 and £1999 the bonus is 50%, for payments of between £2000 and £4999, the bonus is 75%, and for payments of between £5000 and £19999, it’s a whopping 100%.

Gold and Platinum are premium accounts that offer other rewards, aside from a cash bonus. Primarily, it is faster to withdraw money and members have a dedicated account manager who organises weekly reviews of their performance.

 

How to make payments and request withdrawals at ZoomTrader

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To increase their client base, ZoomTrader do not limit methods of payment to certain credit cards and bank transfers. Account holders can also deposit in their local currency using the AllCharge service. They begin by pressing the Deposit button on the homepage and filling in their details, next they need to select the amount and payment type before pressing Deposit to confirm. The funds are available immediately.

Once every bonus has been traded, members can make a withdrawal, the minimum amount is £200. This can be made to the credit card used to deposit funds, or a bank account, assuming the account or card in question belongs to the ZoomTrader account holder. The withdrawal section can be found using the Cashier button and the weekly limit is set at £5000.

 

Is there a ZoomTrader app?

zoomtrader mobil2

The ZoomTrader app can be downloaded from the iTunes store, or at Google Play, for Apple and Android users respectively. This smartphone friendly platform offers traders the chance to check in with their current investments, watch the movement of stocks and even wager on exotic options, from any location. It’s an ideal choice for people who feel they have missed out on potential profits because they were travelling, or unable to reach their PC for any other reason. This is also a very accessible piece of software, designed to provide an immersive experience for all levels of trader, using a straightforward interface.

 

Contacting the customer services team at ZoomTrader

This broker take their customer service commitments seriously by providing a number of local numbers for global investors to contact them, the service applies to callers from; Austria, Australia, Canada, China, Germany, Switzerland, the Netherlands, New Zealand, and the UK. Alternatively, it’s possible to send them an email at This email address is being protected from spambots. You need JavaScript enabled to view it.. For people who would prefer to find an answer for themselves, or who have a more general query relating to binary options trading, there is a comprehensive FAQ section where a wide range of subjects are tackled. Alternatively, the information centre is open to all and provides news on the markets, analysis of the current FOREX situation, and webinars on trading binary options.

 

Are ZoomTrader regulated and secured?

ZoomTrader operate under license from CySEC, a regulatory body that oversees the work of numerous financial organisations. It’s not always easy to tell which brokers are the most trustworthy, but this kind of regulatory status is only awarded to a small, elite group of companies. CySEC monitor the industry as whole, and the businesses which work within it, their approval means ZoomTrader are a professional broker and can be relied upon to safeguard their traders from illegal practices whilst they use the platform. Moreover, if their customers have a complaint, they can always seek to resolve it through CySEC if ZoomTrader cannot help.