Ever since 2012 traders have been able to enjoy the trustworthy binary options broker ZoomTrader. It is a broker that believes that everyone should have an opportunity to trade in a simple yet successful way. They offer a very wide variety of features of which all are designed to make trading simpler and easier. We decided it was about time to take a closer look at this popular web broker.
Online since: 2012
– It is a site with a very user-friendly platform
– No demo account
ZoomTrader Special Features
Why is this broker considered trustworthy? The answer to that is because it follows the strict regulatory guidelines of CySEC, which is one of the most trusting seals of approval in the binary options trading industry. In order to use their name a web broker must adhere to strict rules about maintaining customers account funds in secure accounts and having a certain percentage of their overall funds insured. Trading on a site regulated by CySEC should give any binary options trader a lot of peace of mind that all the trading and transactions they do with that regulated broker will be fair and secure.
There are many bonus opportunities that ZoomTrader gives to those who sign up to trade with them. It all starts with a generous signup bonus that is unique to each account level. Take a look at the various account levels with ZoomTrader.
- ZoomTrader Bronze Account
This account level is attained by making an initial deposit of $500 – $1999. It entitles this level account holder to a 50% bonus, 1 trading strategy and introductory binary option trading video courses.
- ZoomTrader Sliver Account
This account level is attained by making an initial deposit of $2000 – $4999. It entitles this level account holder to a 75% bonus, free trading webinars, 2 trading strategies, market reviews and introductory binary option trading video courses.
- ZoomTraderGold Account
This account level is attained by making an initial deposit of $5000 – $19,999. It entitles this level account holder to a 100% bonus, free trading webinars, 3 trading strategies, 2 risk free trades, same day withdrawals, market reviews, increased return on investment and introductory binary options trading video courses.
- ZoomTraderPlatinum Account
This account level is attained by making an initial deposit of $20,000 – $50,000. It entitles this level account holder to a 100% bonus, free trading webinars, 5 trading strategies, 2 risk free trades, same day withdrawals, market reviews, assignment to a dedicated account manager, increased return on investment, one on one trading sessions and advanced binary options trading video courses.
Additionally, every level account holder receives a complimentary binary option trading eBook and the weekly ZoomTrader market review. We thought the bonus trading requirements were on the high side and think something more fair could be worked out here.
ZoomTrader Trading Platform
This web broker’s platform has been designed using software provided by Tradologic. It is a platform that is innovative and includes a lot of platform features that are not seen on website’s that are not designed using this company’s software.
For starters an investor can choose between three different viewing modes when placing trades. They can choose between using multiple views, single view or even a simplistic classic view.
As far as trading assets go a user can select between commodities, indices, stocks and currencies. These can be traded with such option choices as High/Low options, One Touch options and Boundary options. Expiration times include such popular choices as fast paced 60 second, 2minute and 5minute options; more basic 15 minute, 30 minute, 1 hour options and long term option choices such as End of the Day, End of the Week and for more fundamental traders they have End of the Month options too.
There are also handy in trade features such as Close now and Extend now available during a trade.
All this is rounded out by the fact that ZoomTrader also offers those that trade with them a convenient mobile trading app. The app is compatible with most smart phones and other smart devices. It is a great way for those investors who are constantly on the go to keep up with the markets and place trades anywhere they can establish an internet connection to run the app.
ZoomTrader Customer Support
There is a nice variety of customer support options offered by this web broker; they include live chat, phone contact and email support. There is also a very detailed fax section that any customer can refer to. Support is offered in such languages as
During our ZoomTrader review we found that ZoomTrader provides a great customer support to its clients via live chat, phone lines and e-mails. There is also FAQ section, so it is very easy to get answers to your questions. Support is offered on several languages such as English, Spanish, German, Italian, French, Swedish, Dutch, Japanese, Russian, Arabic, Turkish, Portuguese, Korean and Chinese.
As was mentioned in the highlights of this website it is an ultra-secure and trustworthy site to trade on. It secures the transactions done on it with sophisticated 128 bit SSL encryption. The site also strictly follows ant-money laundering laws and allows those who sign up with them to use a variety of methods to make their initial deposit.
Withdrawals are not processed until your identity has been confirmed and account verification is something ZoomTrader takes very seriously. The minimum withdrawal amount is $200 as in Binary Option Robot which we feel is a little too high compared to what other web brokers are doing.
If you request a withdrawal ZoomTrader you will have to provide account verification before any funds are released.
Our Final Thoughts
This is not the greatest binary options trading site we have reviewed but it is also far from the worst. As we stated previously they like to keep things simple and that is exactly what you get here; a simplistic trading platform and a few nice trading tools thrown in that should go a long way toward helping you be a successful binary options trader with them. We don’t see any concrete reason why you or any of our other readers should not give them a try.
Customer Service: Live Chat / Email: Support@ZoomTrader.com
References and Further Reading:
- System and method for creating and trading credit rating derivative investment instruments ( Dennis O’Callahan, Dominic Salvino, Catherine Shalen-2006)
- Method of creating and trading derivative investment products based on a volume weighted average price of an underlying asset (Dennis O’Callahan, Catherine Shalen-2006)
- Automatic stock trading system (Charles C. Freeny, Jr.-2003)
- Securities trading system for consolidation of trading on multiple ECNS and electronic exchanges ( Richard A. Korhammer, Kamran L. Rafieyan, Keith P. Chutjian-2001)
- An Efficient and Trustworthy Resource Sharing Platform for Collaborative Cloud Computing (Haiying Shen ; Guoxin Liu-2013)
- Trading program for interacting with market programs on a platform (Christopher Keith-2008)
- Key Considerations in Selecting an Algorithmic Trading Provider (Derek Morris and Lenore Kantor-Hendrick-2005)
- Platform for market programs and trading programs (Christopher Keith-2011)
- Market program for interacting with trading programs on a platform (Christopher Keith-2010)
- System and method of investment management including means to adjust deposit and loan accounts for inflation ( Tomas Leon, Lewis J. Spellman-1988)
- Investment management ( Tomas Leon, Lewis J. Spellman-2000)
- E-Commerce Role Playing Platform ( Matthew Harmon -2005)
- System & method for the creation of a global secure computerized electronic market-making exchange for currency yields arbitrage (Alain De La Motte-2006)
- B2B e-Commerce in emerging economies: i-metal.com’s non-ferrous metals exchange in China (Paul S Hempel, Ying Ki Kwong-2001)
- Trading and settling enhancements to the standard electronic futures exchange market model that allow bespoke notional sizes and better global service of end users and make available a new class of negotiable security including equivalents to products normally issued by special purpose vehicles (Pavel Pinkava-2006)
- Foreign exchange trading platform (Jonathan Chait-2007)
- How electronic trading affects bid-ask spreads and arbitrage efficiency between index futures and options (Kevin H. K. Cheng, Joseph K. W. Fung, Yiuman Tse-2005)
- A Trade Network Game with Endogenous Partner Selection (Leigh Tesfatsion-1997)
- System and method of investment management including means to adjust deposit and loan accounts for inflation (Tomas Leon, Lewis J. Spellman-1998)
- A smart agent to trade and predict foreign exchange market (Mohamed Taher Alrefaie ; Alaa-Aldine Hamouda ; Rabie Ramadan-2013)