In this ZoomTrader review you will get familiar with a broker, which is originally from the UK, based on the values of the British financial markets and almost completely focused on the European market.
This brokerage company is currently the sole provider of such one-of-a-kind binary trading instruments as Digital, Range and Touch. And with its Extend and Close options you can adapt your open trades to current market situations with no trouble at all.
ZoomTrader.com Review - Binary Trading
When opening a free account with ZoomTrader you immediately receive exclusive personal experience, because a representative of this company is already calling you and emailing you to provide assistance in all the issues you may have when setting up your trading account. Sophistication of services like no other are combined with top-notch return rate of up to 83% and initial deposit bonus of 150%, depending on the amount you invest, while ZoomTrader minimum deposit is $500.
One more important thing many other brokers do not provide is flexibility in account currency. If you prefer holding your account balance not in Euros, US Dollars or British Pounds, you can choose Brazilian Reals and Chinese Yuan, if you believe that these currencies may perform better in the long term and not loose their value.
ZoomTrader.com Review - Trading Instruments
Continuing our ZoomTrader review, we should note that digital trading instrument provides trades with simple means of choosing direction in which the asset is heading. For instance, if the company is about to announce quarterly figures and according to market information these news are negative, you can be safe and place an Out trade with a downward direction, as the asset is sure tumble down.
A great instrument offered uniquely by ZoomTrader is Variable Profit. If you are unsure of the trade's direction you can receive variable return up to 83% with loss refund in case things go poorly. Insurance is always a good thing, especially in volatile market conditions.
Touch option is suitable for volatile trading conditions, as you set out the price target that should be reached at any time during your trade. And the price does not necessarily have to stay on that level, Once it was reached you receive your full profit and can move on to the next trade.
One Touch trading instrument offers the same perks as the previous one, but with one important addition. You can also choose between the Touch Up and Touch Down option, and the profit varies accordingly.
Range option provides you with a certain price spectrum where the price should stay. If you see that any given asset is trading flat and no important economic news are about to be published, then you can make money if you choose In the Range trade. But if the market is fluctuating wildly your Out of Range trade will be profitable as well.
Turbo option is very similar to the Digital trading tool, but the expiration time is much shorter, namely, 1, 2 or 5 minutes. This provides for a much faster trading experience and allows you to turn over your investment dozens of times in an hour and make hundreds of percents of profit within a very short period of time. This requires a lot of experience and understanding of charts, but it can be utilized by newbies as well, if they stick to to their trading strategy and follow their gut feeling.
ZoomTrader Minimum Deposit
ZoomTrader offers four types of accounts suitable to every trader. All of the accounts provide a personal manager to assist you in your everyday trading. The company offers an extensive choice of deposit and withdrawal options, as well as thousands of dollars in bonuses.
ZoomTrader minimum deposit for Bronze account start at $500. It offers 1 trading strategy for you to utilize, weekly market review and an introductory video course. With this starting account you can already use not only its web-based trading platform, but the mobile version as well.
Silver account with deposit starting at $2 000 you are provided with 2 trading strategies, daily market reviews, weekly market reviews, intro and advanced video course, as well as weekly webinars.
Gold account holders ($5 000-$19 999) enjoy all of the above-mentioned bonuses and a dedicated account manager to aid in your decision making process, same day withdrawals, free trading signals, higher pay-outs and weekly one-on-one trading sessions with professional trader.
If you are interested in an unparalleled experience while trading you should take note of Platinum account with deposits starting at $20 000. For this you will need to talk to your manager to set up all the necessary features and receive an exclusive bonus offer. Worth your while, if you are a serious trade with big money to invest.
ZoomTrader Demo Account
Excellent feed-backs this broker receives due to existence of such service as ZoomTrader demo account. It maybe a little unusual that ZoomTrader demo account is available only to registered users, but we do not think that this will become a problem for you as a broker registration is absolutely free. I think it is not necessary to list all the benefits that will give you ZoomTrader demo account, and it is sufficient to note that not every company can offer such a service.
ZoomTrader.com Review - Bonus
The system of bonuses is not particularly stand out from the general trends on the market. Once you sign up with a broker, you will be contacted by company's representative, which, among other things, will offer you ZoomTrader bonus, the amount of which will depend on the chosen account and deposit. It is important to remember that absolutely any ZoomTrader bonus imposes on you a time limit for the withdrawal of funds. In order to cash out the bonus, you will need to make transactions in a 30-fold amount of the bonus amount. In this ZoomTrader review we want to remind that you can always refuse the bonus. Learn more about these or other situations in the "Terms & Conditions" section, to avoid strange misunderstandings with bonuses, when people begin to complain on ZoomTrader scam just becaurse they haven't read agreement.
Finishing our ZoomTrader review, our team should note that the legality of brokers has always disturbed the traders and spawned a lot of questions about this. You can find hundreds of complaints on different binary brokers like ZoomTrader scam, but most often it is machinations of competitors, many of which do not shine with originality. In the case of ZoomTrader, the question of the illegality and distrust of the broker is very difficult to pick up, as this company has 31 licenses in Europe, which is a record in the field of options. The company, in addition to the CySEC, is regulated by organizations such as the FSA (Estonia), FSC (Bulgaria), the Czech National Bank, FKTK (Latvia), KNF (Poland) and many others.
But despite this we would like to alert you to the presence of such feed-backs about ZoomTrader scam as: complaints from customers on situations when they were issued bonuses even when they refused them; complaints on inability to withdraw funds; delays in trades expires, when users should have closed their trades in the money, but they haven't. But we can't say that those complaints are trustful, because there is no evidence of these problems.