ZoomTrader Broker Review

By | May 8, 2017

ZoomTrader Broker Review | Overview

Here we are talking about one of “older” brokers. ZoomTrader has been around for a while. They have been established in 2012. Five years of existence on relatively new market like binary options trading qualifies ZoomTrader as one of “older” brokers. We have looked into their offer and their terms. We also used their platform, tested their customer service and thus bring you this ZoomTrader broker review. Read on to learn everything important about this broker.

There are key points to any broker’s offer that we at Options Reviews pay special attention to. These key points are very important to consider when choosing your broker. They are:

Regulated or Non-Regulated Broker: Regulated by CySEC

Maximum Returns: up to 83%

Minimum Deposit: 250$

Transparency with Pricing and Payout: Withdrawal is done in 1-2 business days

Banking Options (Cards, eWallets&Wires): Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Diners Club, JCB, WebMoney

Range of Assets Available for Trading: over 220 assets

Software Platform: Tradologic

Customer Service: 24 hours a day, 5 days a week.

Best Trading Features: Support for many languages: English, Spanish, German, Italian, French, Swedish, Dutch, Japanese, Russian, Arabic, Turkish, Portuguese, Korean and Chinese

Excluded Countries: USA

Binary Brokers Bonuses: Up to 100%, *bonus terms and conditions apply

Supported Currencies: USD, GBP, EUR, SEK, NOK, TRY

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ZoomTrader Broker Review | Introduction

Broker is owned by company called Capital Force Ltd from Samoa. Full company information: Capital Force Ltd, Republic of Samoa, registered under No.70611, 13 Novasage Chambers, Level 2, CCCS Building, Beach Road, Apia, Samoa. As we stated above ZoomTrader is licensed by CySEC under number 224/14. Unfortunately this is one of brokers that doesn’t offer services to USA citizens. ZoomTrader doesn’t offer demo account. On the other side they offer wide range of assets for trade and also many different types of trade.

ZoomTrader Broker Review | Account Types

ZoomTrader offers fours different account types. Account types are determined by the deposit amount you make. Bigger the deposit, naturally better the account trader gets. ZoomTrader account types and perks you get along with them are:

Bronze Account

Minimum deposit in range of 500$-1.999$

50% bonus

1 trading strategy

Introductory binary option trading video courses

Silver Account

Minimum deposit in range of 2.000$-4.999$

75% bonus

Free trading webinars

2 trading strategies

Market reviews

Introductory binary option trading video courses

Gold Account

Minimum deposit in range of 5.000$-19.999$

100% bonus

Free trading webinars

3 trading strategies

2 risk free trades

2 day withdrawals

Market reviews

Increased payout

Introductory binary option trading video courses

Platinum Account

Minimum deposit in range of 20.000$-50.000$

100% bonus

Free trading webinars

5 trading strategies

2 risk free trades

2 day withdrawals

Market reviews

Dedicated personal account manager

Increased payout

One on one trading session with experienced trader

Advanced binary option trading video courses

ZoomTrader Broker Review | Bonus

All traders are comparing brokers on to another based on bonus the offer. Bonus is a great way to increase your initial deposit. It is a great gift from the broker. But always bear in mind that you are expected to make certain amount of trading volume in order to be able to make a withdrawal if you get bonus.

ZoomTrader is quite generous when it comes to their bonus policy since they in some cases give even bonus 100% of deposited amount. Size of bonus depends on the site of deposit. Bigger the deposit, bigger the bonus. Minimum deposit in range of 500$-1.999$ is awarded with 50% bonus, deposits in range 2.000$-4.999$ are awarded with 75% bonus and finally all deposits above 5.000$ are awarder with 100% bonus

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ZoomTrader Broker Review | Assets and Types of Trading

This broker uses Tradologic trading platform. Tradologic is one of most widely used trading platforms on the binary options trading market. It is user friendly and even more importantly reliable trading platform. This trading platform gives trader an option of choosing between three different viewing modes: multiple views, single view and classic view.

Besides being customizable Tradologic trading platform also offers great number of different commodities, indices, stocks and currencies for trade. There are also three types of trading: High/Low, One Touch and Boundary options. Expiration times offered: 60 seconds, 2 minute, 5 minute, 15 minute, 30 minute and 1 hour options. Long term expiration times are end of the day, end of the week and eve end of the month options. Offered payouts can reach 83% of investment.

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ZoomTrader Broker Review | Deposits and Withdrawals

If you wish to trade at ZoomTrader you need to register at their site first. After registration you are asked to deposit minimum of 250$ and then finally you can trade. To create account you need only to click on the Open an account on the top of the site. Then you get the screen like one below:

ZoomTrader Broker Review

After you fill all the fields you are asked to deposit minimum of 250$ to start trading. Deposit can be made either by card or by bank transfer. What surprised us here is that ZoomTrader went so far to accept even payment methods that are not global but local E.G. if trader is from Brazil payment could be made via Boleto or iDEAL if trader is from Netherlands.

When it comes to money withdrawal main limitation is that trader needs to withdraw at least 200$. This is unusual and quite limiting. On the other side withdrawals are done very fast, faster than with most other brokers. For some account types they are done in just 1-2 days. Before withdrawal can go through traders will be asked to provide account verification. You will need to prove your identity by sending government issued photo ID and a copy of a bank statement or a utility bill that provides trader’s name and address. This is all requested in order to avoid money laundering.

ZoomTrader Broker Review | Customer Service

From our experience ZoomTrader’s customer service proved to be very professional and helpful. We made few queries to see how will they respond. First they helped us wehen we were trying to make deposit. Them on same trading issue and finally when we were requesting money withdrawal. Each time we had great experience.

Customer service can be contacted via live chat, by pohne and by email. In general we have received response quite fast. Only problem is the weekend when they are not working, but since you can’t trade during weekends this is no much of a problem. They have phone lines in following contries: Austria, Canada, Germany, Netherlands, UK, Australia, China, Switzerland and New Zealand.

ZoomTrader Broker Review | Summary

After we have used their services we can conclude that ZoomTrader is good broker and any trader choosing this broker won’t make a mistake. Trading platform is just great, customer service very helpful and professional and bonus is generous. Bear in mind that with this broker it pays off to invest bigger amounts of money, because with the minimum deposit trader’s don’t get as great package as with at least 500$.

Great advantage of this broker is that is supports many languages, namely: English, Spanish, German, Italian, French, Swedish, Dutch, Japanese, Russian, Arabic, Turkish, Portuguese, Korean and Chinese. Downside is that you can’t trade if you are US citizen. Broker is regulated by CySEC which gives traders some peace of mind.

All in all we recommend this broker, especially for traders that are prepared to invest bigger amounts of money in trading binary options. If you wish to register and start trading at ZoomTrader you can click on the button below the text to open your account.

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