ZoomTader is a binary options broker founded in 2012 and headquartered in Mahe, Seychelles. ZoomTrader is regulated by CySEC and abide by the requirements of the MIFID regulations.
One thing that makes ZoomTrader attractive is the low minimum trade size of $10.
Another benefit is that new signups will get 100% welcome bonus of up to $5,000. The payout ratio for the standard option is about 80 – 83%. There are more than 60 types of assets in the 4 main markets including commodities, currency, indices and equity.
Zoom Trader Trading Platform
ZoomTrader offers the Tradologic platform which is equipped with a variety of trading tools. You can switch to three different view modes including charts, multiple and classic. The chart view mode displays a single chart on any asset you choose from the drop down menu.
In multiple view mode, the screen displays 4 graphs on 4 different assets. In classic mode, you will see all the information on the screen including assets, expiry, return, and the Call/Put button.
The Close now feature allows you to exit your trade early while the Extend now feature enables you to extend the expiry time of your option. From the Tradorax platform, you can choose from several types of options including Digital, Turbo, and Touch Up/Down.
Digital option has a payout rate of 171% while Turbo option offers a payout rate of 167%. Touch Up/Down is the option that offers the highest payout of 240%. There is a variety of expiry time including 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 1 day, end of day, end of week and end of month.
Types of Trading Accounts
ZoomTrader offers 4 types of accounts including Bronze, Silver, Gold, and Platinum. Bronze account is a basic account with a minimum deposit requirement of between $500 – $1999. You will get a 50% bonus instantly credited into your account when you sign up.
Traders who decide to invest in between $2000 – $4999 can sign up for the Silver account. Silver account offers traders a 75% bonus, which means that they will credit $3500 into your account if you make a deposit of $2000.
Gold account is for traders who have a capital of between $5000 -$19,999 to invest in binary options trading. Gold account offers 100% deposit match bonus so if you deposit $5,000, you will have $10,000 in your trading account. Platinum account is reserved for traders who have more than $20,000 to invest in trading. Platinum account holder will get access to a personal account manager.
At ZoomTrader, traders can deposit/withdraw in several ways including credit cards, bank wire, Skrill, UnionPay, Fiserv, AllCharge, POLi Payments, Neosurf, Moneta.ru, WebMoney, Yandex, Boleto, and iDEAL. Boleto is for traders based in Brazil while iDEAL is used by traders who live in the Netherlands. It is safe to deposit with ZoomTrader because all transactions are protected with 128 bits SSL encryption.
The minimum withdrawal amount is two hundred dollars in your local currency. To withdraw, you must first login into your account, choose CASHIER. and then select the Withdraw tab. Next, you must enter the amount you want to withdraw and press the Withdrawal button.
ZoomTrader Education Center
The Information Center is where you can find a lot of free educational resources on binary options trading. There are several free webinars you can take part in without paying for anything. In the Market News section, you can find the latest financial news worldwide at your fingertips.
The Trading Academy provides in depth course, binary strategies, introduction videos and binary ebooks. In the in depth course, you will find explanation on various types of trading tools. The binary strategies tutorial teaches you about 9 different strategies. There are 15 HD binary options trading as well as many free ebooks for you to reference.
You can reach the customer department of ZoomTrade via telephone, email and live chat. ZoomTrader offers telephone support for 9 countries including Austria, Canada, Germany, Netherlands, Switzerland and New Zealand. The customer support is multilingual and support 14 types of languages.
There are live chat pop up on every page, which you can click to get instantly connected to a representative at any time. The FAQ section answers all the basic questions that are commonly asked by traders.
Is ZoomTrader Good?
In conclusion, ZoomTrader is recommended because of the many benefits they offer including web based platform, 100% welcome bonus, and big library of educational resources. Their multilingual customer support makes them suitable for traders that come from foreign countries.
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