ZoomTrader Binary Options Broker
ZoomTrader is a high quality service that is appreciated by the traders from all over Europe, and innovative products coincide with the modern demands of traders. Thus, as the brokers says, it is a good choice for high-quality trading.
- Profit - from 70% to 200%
- Reimbursement - No
- Minimum deposit - $ 200
- Minimum Bid - $ 20
- Demo - account- No
- Mobile version - Yes
- Education – Yes
The registration process
Registering with ZoomTrader does not take much time. After filling in a small form, the client is transferred to the page of refill.
At the same time, the choice of currency for replenishment of the accounts is between the euro, the pound sterling and the Japanese yen. At the same time, the ways to make a deposit in the company are not so many. Since the company offers only 3 of them: Visa, MasterCard and European-based electronic system «Inpay».
The trading terminal of ZoomTrader will not bring anything new or extraordinary. Since, first of all, it is a well-known terminal, which is used by most binary options brokers, and secondly, a set of functions in the platform is the same as any other platform has. Of course, if you are keen to diversify your trade or find a new and more profitable ways of it, and you just start trading binary options, this platform will not be a bad option. Since, on the basis of it a lot of trading strategies, tactics and techniques have been invented. That is, the experience of multi-million dollar traders who are using it, as well as possible, will help in your endeavors.
In addition, in the trading platform you can immediately use four tools simultaneously, effectively observing the behavior of selected assets without jumping from the window to the window. The platform is intuitive, "nimble" and with a pleasant interface.
We distinguish its main poles:
- Platform interface is with careful attention to details;
- All functions are intuitively accessible;
- The presence of 4 windows for trade;
- Availability of popular options;
- A good selection of financial assets;
- Security through SSL protocol;
- Quick response to trading orders of the trader.
The main disadvantages of the platform:
- Lack of technical analysis;
- The lack of graphs "candlestick" and "bars".
Set of financial assets
ZoomTrader provides the traders with a pretty well-balanced portfolio of assets. There are a total of 20 of them. And these are 6 shares, 4 currency pairs, 5 commodities and 5 indices. Yes, the choice is poor. But a trader does not sell as many as 20 items. Usually in a personal trading of the trader there are no more than 3-4 tools. However, it’s difficult to make a choice from such a weak number of assets. Although, the trading tools were chosen by the company in such a way that each of them was balanced by another on the basis of correlation.
Types of options
ZoomTrader Company provides its customers with a standard set of options, namely:
- Options «Digital» - a classic type of option which operates under one main condition: you need to predict the direction of the price movement of an asset for a specified period of time correctly;
- Options «Turbo» - speed trading. Expiration of each contract term will not exceed 60 seconds. The technology is similar to option trading «Digital». The only difference is the short-term trading.
- Options «Touch up / down» - The options trading principle of which consists in predicting the level of which the price of the asset will achieve during the movement. So, on the chart there are given 2 levels which are located above and below the current value of the asset. In this case, the trader must indicate which direction the price will achieve a given level. This option is more difficult to the previous ones; however, the profitability is 500%.
- Options «One-Touch» - actually it repeats the trading technology of the previous option, but in this case, there is only 1 strike-rate, and the trader must make a choice - whether the price touches this level or not.
- Options «Range» - the type of the option "breakdown." So, on the chart of the asset there is a price channel, and the trader must make a forecast whether the price will be within a specified time beyond the channel or remain within it.
Education in the company
Education in the company is below average. At the same time, the company has everything you need to satisfy all the requests for training of the beginners. Among the training materials you will find video tutorials and interactive books.
Customer Support 24/7
Customer support is really carried out round the clock and does not depend on the day of the week. It is carried out in 9 languages (English is included in the list). Communication with the staff of the company is possible via online chat, phone and e-mails.
Deposits and withdrawals for trade
In this case, the brokerage company is rather primitive. For input and output there are only three options: Visa, MasterCard, and focused on Europe payment system «Inpay». However, these systems are quite common throughout the world and are able to meet customers' financial transactions. Deposit of funds is carried out instantly. Withdrawal takes 3-5 days. Of course, you need to verify your account by providing your scanner copies of passports to the office by e-mail.
Pros / cons ZoomTrader
ZoomTrader is a company that makes only the first steps in the financial market of the world. Thus, at present, the disadvantages are more than the pluses.
Thus, the pluses of the company are:
- The minimum deposit - 200USD / GBP / EUR;
- The minimum rate - 20USD / GBP / EUR;
- Popular trading platform;
- SSL to encrypt customer data;
- Intuitive trade;
- A good selection of options.
Cons of the platform:
- Lack of technical analysis in the terminal;
- Bad choice of payment systems for input / output;
- The lack of a demo account;
- Bad choice of financial assets for trading;
- Lack of incentive and bonus programs.
Company ZoomTrader is clearly not up to the level that would be able to ensure the promotion of its services in the entire world, especially among the traders from Europe and the USA. First of all, it deals with the service of a broker. Although, the trading conditions in the company are good enough, and it becomes evident by a decent selection of options for trading. At the same time, the presence of only 20 financial assets for trading is unconditional flaw.