Zoom Trader Review
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|Headquarters||4 Michael Georgalla Street Engomi Nicosia 2409 Cyprus|
|Support Types||Phone, Live Chat, E-mail, Call Back|
|Languages||English, German, Dutch, French, Spanish, Italian, Turkish, Arabic, Japanese|
|Minimum Trade Amount||$10|
|Free Demo Account|
|Regulation||Regulated by CySEC|
|Deposit Methods||Visa, Master Card, Diners, AMEX, JCB, iDeal, Skrill, Bank Transfer, Sofort, Paysafe Card|
|Withdrawal Methods||Visa, Master Card, Diners, AMEX, JCB, iDeal, Skrill, Bank Transfer, Sofort, Paysafe Card|
|Expiry Times||From 60 seconds to 1 hour.|
|Types of Assets||Commodities, Currencies, Indices, Stocks|
|Account Currency||EUR, USD|
|US Traders Allowed|
Operated by the Cyprus Investment Firm, Novox Capital Ltd, ZoomTrader is a premier binary options broker created in 2012. It has global offices in London and in the island countries of the Seychelles and British Anguilla. It is devoted to providing traders and investors with the chance to trade currency pairs, stocks, commodities, and indices on market of exotic options. The website comes in nine different languages – English, Dutch, Japanese, French, Arabic, German, Italian, Turkish, and Spanish. ZoomTrader has recently earned its licence, and it is now strictly overseen by CySEC.
Three different accounts are available at ZoomTrader’s website. Bronze is opened when a trader deposits a minimum amount of $1,000. Silver account, which is the preferred among investors, necessitates a minimum deposit of $5,000. To launch a Gold account, a user would be requested to deposit at least $10,000. No demo account is available for novice traders which is a bit disappointing.
Deposit and Withdrawal Options
ZoomTrader’s innovative platform has been crafted not only to woo more and more traders but also to maintain their funds and accounts secure and at their disposal at any time. Besides, it offers one of the largest arrays of deposit and withdrawal options in the binary niche, including MasterCard, AMEX, VISA, Diners Club, JCB, iDeal, Skrill, Bank Transfer, Sofort, and Paysafe Card.
As regards withdrawals, if you select “credit card”, your cash will go back to the account which was used for depositing. If you have chosen “money transfer”, the funds will be transported to a new, unregistered in the system, account for which you will be asked to fill in its details. By using the tab “Withdrawal History”, one can easily and comfortable monitor his or her request’s status. In addition, he or she can call off the request and the cash will be transferred back to ZoomTrader’s business account.
ZoomTrader offers a mobile application that provides traders with the freedom and ease for mobile trading – no ads, hidden fees or commissions come with it. Deposits can be made directly through the app. The brokers offers five unique options at traders’ choice – Digital, Turbo, Touch, Range, and One Touch. The Close and Extend feature provides users with the opportunity to close the options before expiry time and extend it automatically after purchasing this tool.
Education is an essential part of the success of all traders and ZoomTrader caters well for theirs. There are free video tutorials and courses for both advanced and novice traders, as well as a complimentary electronic book. Clients are encouraged to join in the different webinars ZoomTrader provides in order for them to further enrich and enhance their knowledge. A short glossary with the main trading concepts and terms and a well-designed economic calendar are also available at customers’ disposal.
ZoomTrader offers the option “Callback Request” which is quite convenient. 24/7 support is available through a live chat, an e-mail and a telephone. There is also an FAQ section which is short, but helpful as it explains basic financial definitions and binary terms, such as call and put options, in and out of the money, as well as the different expiry times.
All accounts come with different perks. Bronze account receives an introductory video session, 1 trading strategy, and market reviews once a week. Silver account holders are entitled to 2 trading strategies, weekly and daily market reviews, and introductory as well as advanced video courses. The perks for the Gold account are introductory and advanced video sessions, 5 trading strategies as well as daily and weekly reviews of the market trends. In addition, they also get a dedicated account manager, weekly one-on-one trade sessions, and withdrawals during the same day of the trade.Open an Account