ZoomTrader is a binary options broker for online trading services in metals, currencies, indices and stocks. Its headquarters is in London, and the company is authorized and regulated fully by CySEC. Even though it accepts customers from all over world, it does not deal with customers from the USA due to regulatory reasons. To maintain the security of the funds, the company holds the money of its clients in separate accounts in investment-grade banks.
There are various trading tools that are offered by the company, which include high/low options, range options, long-term options and one-touch options. The minimum amount which is required to open an account is around $1,000. ZoomTrader also offers customers different withdrawal and payment methods such as Neteller, Skrill, credit card, bank wire and debit card.
ZoomTrader offers a web-based platform for trading, which means that the customers do not need to install the trading platform or download any software on their PC. They can simply access it online from anywhere and from any computer connected to the internet. There are other platforms available as well that are downloadable and supported by iOS, Android and Windows smartphones and tablets.
There are quite a few options for user accounts available according to the amount deposited by the customer. The different types of accounts are bronze, silver, gold, and platinum. Bronze accounts start from $1,000, silver accounts from $5,000, gold accounts from $10,000 and platinum accounts from $50,000.
Deposits and Withdrawals
There are quite a few methods of deposits and withdrawals. These include debit and credit cards, wire transfers, and PayPal. The minimum amount which can be withdrawn is $200 in all currencies. Clients can make deposits on ZoomTrader in several currencies, but the account balance is always show in EUR.
In order for the clients to get bonuses, they would need to indulge in high-volume trades, which cannot be achieved easily, especially for new traders.
Having good customer support is an important part of a trading firm, and ZoomTrader ensures customer queries are answered in a timely manner. It offers professional and expert staff who are available at all times to assist traders (24/5). There is also a live chat option as well as the option to phone them.
It offers great customer service
The trading platform is advanced and user-friendly
There have been rumors against this company for unfair practices
The fees are quite high
ZoomTrader is an advanced binary options broker which has customers from all over the world. The initial deposit is a little high, but when you compare the benefits of using this platform for trading, it is justified. It is one of the best choices available for traders since it is a safe and regulated online trading platform. It has been developed after thorough research and the team has experience with financial markets. It offers relevant and advanced features for both experienced and new traders.
However, there have been rumors about this broker being fraudulent. Thus, it is best if you use it with caution or simply steer clear of it.