Zoomtrader Broker Review

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ZoomTrader Review

ZoomTrader was a Forex broker that is owned by Celestial Trading Ltd, located at: Global Gateway 8 Rue de La Perle Providence, Mahe, Seychelles.

Their phone number in the United Kingdom is: +44 203 807 0590. Their email address is: [email protected] Official website is https://zoomtrader.com/.

Complaints or withdrawal problems should read this.

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ZoomTrader Review

ZoomTrader uses the Tradologic binary options trading platform which offers Digital, Turbo, Touch Up/Down, One Touch and Range Options. They offer 80% returns on $EURUSD binary options and they have hourly bitcoin options with returns of 67%.

The range options they offer are a fun way to trade around economic announcements when volatility increases. Traders need to be mindful of the spreads when trading range options.

ZoomTrader was popular with binary options traders in Germany and Spain. Their trading platform is available in many languages including: Deutsch, Français, Português, Español, Русский, العربية, Türkçe, 中文, Dutch and of course English. The minimum deposit for a new account is $250. The minimum trade size is $10 and the maximum trade size is $4,000. They offer over 65 assets for trading on.

ZoomTrader Trading Platform

ZoomTrader License

When investors are reviewing a Forex or Stockbrokers to know if they are a legitimate broker or a scam broker, they check one thing. Did the governments regulator like FCA United Kingdom give them a license, or do they fall under the MIFId regulatory rules in the European Union (EU)?

ZoomTrader is not an licensed broker.

You can find an updated list of licensed brokers here.

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Zoomtrader Broker Review

�� Demo Account:
⚖ Allows Hedging:
�� Allows Scalping:
�� Headquarters: Seychelles
�� Founded:
�� Trading Platform(s): Tradologic
�� Regulating Authority(s):
�� Minimum Deposit: 200
�� Maximum Leverage:

Visit Zoomtrader
Risk Warning: Your capital may be at risk

Our Review of Zoomtrader

Company Overview

Zoomtrader is an online broker that aims to make it easy for traders of all levels of experience to trade on indices, stocks and currencies.

Account Types + Opening

There is one type of account on offer with Zoomtrader, and provided you are over 18 you can apply to open an account with them just by filling in the simple online form on the homepage of their website.

Promotions, Sign Up + Deposit Bonuses

Zoomtrader offers various types of bonus, and promotions can appear on a time limited basis throughout the year. The standard signup bonus for a Zoomtrader account is around 50%, and it is capped at a maximum of $10, 000.

Commissions and Fees

Fees are associated with making withdrawals; there is a flat fee of $25 for making a withdrawal via wire transfer, for example. With the commissions that Zoomtrader takes (which will vary depending on the type of trade that you are making), traders will be able to take home up to 83% of their total revenue.

Trading Platform Review & Mobile Apps

The Zoomtrader trading platform integrates trading software with real time support (both via the website’s online chat function and over the phone). There is no Zoomtrader mobile app available to date.

Deposits & Withdrawal Methods + Ease

There are three ways to make deposits and withdrawals with Zoomtrader: by bank transfer, by Visa or Mastercard and by a Moneybookers account. There is a minimum deposit amount of $250 in effect with this broker. One thing that makes Zoomtrader stand out from other trading platforms, however is not just that there is a minimum withdrawal limit (200 of whichever currency you are using) but also that there is a maximum amount that you can withdraw per week (i.e. 5000 of whichever currency you are using). Though withdrawals and deposits are relatively easy to perform with Zoomtrader, then, some traders may feel restricted by this cap. The cap is in keeping with Zoomtrader’s stated purpose: to let people trade as a hobby, or for entertainment purposes rather than as a professional focus.

Regulators & Safety: Are they a reliable, legitimate broker or a scam?

Zoomtrader has acquired a license with CySEC, and so they are fully regulated. All indications suggest that this is a legitimate broker.

ZoomTrader Broker Review

ZoomTrader Broker Review | Overview

Here we are talking about one of “older” brokers. ZoomTrader has been around for a while. They have been established in 2020. Five years of existence on relatively new market like binary options trading qualifies ZoomTrader as one of “older” brokers. We have looked into their offer and their terms. We also used their platform, tested their customer service and thus bring you this ZoomTrader broker review. Read on to learn everything important about this broker.

There are key points to any broker’s offer that we at Options Reviews pay special attention to. These key points are very important to consider when choosing your broker. They are:

Regulated or Non-Regulated Broker: Regulated by CySEC

Maximum Returns: up to 83%

Minimum Deposit: 250$

Transparency with Pricing and Payout: Withdrawal is done in 1-2 business days

Banking Options (Cards, eWallets&Wires): Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Diners Club, JCB, WebMoney

Range of Assets Available for Trading: over 220 assets

Software Platform: Tradologic

Customer Service: 24 hours a day, 5 days a week.

Best Trading Features: Support for many languages: English, Spanish, German, Italian, French, Swedish, Dutch, Japanese, Russian, Arabic, Turkish, Portuguese, Korean and Chinese

Excluded Countries: USA

Binary Brokers Bonuses: Up to 100%, *bonus terms and conditions apply

Supported Currencies: USD, GBP, EUR, SEK, NOK, TRY

ZoomTrader Broker Review | Introduction

Broker is owned by company called Capital Force Ltd from Samoa. Full company information: Capital Force Ltd, Republic of Samoa, registered under No.70611, 13 Novasage Chambers, Level 2, CCCS Building, Beach Road, Apia, Samoa. As we stated above ZoomTrader is licensed by CySEC under number 224/14. Unfortunately this is one of brokers that doesn’t offer services to USA citizens. ZoomTrader doesn’t offer demo account. On the other side they offer wide range of assets for trade and also many different types of trade.

ZoomTrader Broker Review | Account Types

ZoomTrader offers fours different account types. Account types are determined by the deposit amount you make. Bigger the deposit, naturally better the account trader gets. ZoomTrader account types and perks you get along with them are:

Bronze Account

Minimum deposit in range of 500$-1.999$

1 trading strategy

Introductory binary option trading video courses

Silver Account

Minimum deposit in range of 2.000$-4.999$

Free trading webinars

2 trading strategies

Introductory binary option trading video courses

Gold Account

Minimum deposit in range of 5.000$-19.999$

Free trading webinars

3 trading strategies

2 risk free trades

2 day withdrawals

Introductory binary option trading video courses

Platinum Account

Minimum deposit in range of 20.000$-50.000$

Free trading webinars

5 trading strategies

2 risk free trades

2 day withdrawals

Dedicated personal account manager

One on one trading session with experienced trader

Advanced binary option trading video courses

ZoomTrader Broker Review | Bonus

All traders are comparing brokers on to another based on bonus the offer. Bonus is a great way to increase your initial deposit. It is a great gift from the broker. But always bear in mind that you are expected to make certain amount of trading volume in order to be able to make a withdrawal if you get bonus.

ZoomTrader is quite generous when it comes to their bonus policy since they in some cases give even bonus 100% of deposited amount. Size of bonus depends on the site of deposit. Bigger the deposit, bigger the bonus. Minimum deposit in range of 500$-1.999$ is awarded with 50% bonus, deposits in range 2.000$-4.999$ are awarded with 75% bonus and finally all deposits above 5.000$ are awarder with 100% bonus

ZoomTrader Broker Review | Assets and Types of Trading

This broker uses Tradologic trading platform. Tradologic is one of most widely used trading platforms on the binary options trading market. It is user friendly and even more importantly reliable trading platform. This trading platform gives trader an option of choosing between three different viewing modes: multiple views, single view and classic view.

Besides being customizable Tradologic trading platform also offers great number of different commodities, indices, stocks and currencies for trade. There are also three types of trading: High/Low, One Touch and Boundary options. Expiration times offered: 60 seconds, 2 minute, 5 minute, 15 minute, 30 minute and 1 hour options. Long term expiration times are end of the day, end of the week and eve end of the month options. Offered payouts can reach 83% of investment.

ZoomTrader Broker Review | Deposits and Withdrawals

If you wish to trade at ZoomTrader you need to register at their site first. After registration you are asked to deposit minimum of 250$ and then finally you can trade. To create account you need only to click on the Open an account on the top of the site. Then you get the screen like one below:

After you fill all the fields you are asked to deposit minimum of 250$ to start trading. Deposit can be made either by card or by bank transfer. What surprised us here is that ZoomTrader went so far to accept even payment methods that are not global but local E.G. if trader is from Brazil payment could be made via Boleto or iDEAL if trader is from Netherlands.

When it comes to money withdrawal main limitation is that trader needs to withdraw at least 200$. This is unusual and quite limiting. On the other side withdrawals are done very fast, faster than with most other brokers. For some account types they are done in just 1-2 days. Before withdrawal can go through traders will be asked to provide account verification. You will need to prove your identity by sending government issued photo ID and a copy of a bank statement or a utility bill that provides trader’s name and address. This is all requested in order to avoid money laundering.

ZoomTrader Broker Review | Customer Service

From our experience ZoomTrader’s customer service proved to be very professional and helpful. We made few queries to see how will they respond. First they helped us wehen we were trying to make deposit. Them on same trading issue and finally when we were requesting money withdrawal. Each time we had great experience.

Customer service can be contacted via live chat, by pohne and by email. In general we have received response quite fast. Only problem is the weekend when they are not working, but since you can’t trade during weekends this is no much of a problem. They have phone lines in following contries: Austria, Canada, Germany, Netherlands, UK, Australia, China, Switzerland and New Zealand.

ZoomTrader Broker Review | Summary

After we have used their services we can conclude that ZoomTrader is good broker and any trader choosing this broker won’t make a mistake. Trading platform is just great, customer service very helpful and professional and bonus is generous. Bear in mind that with this broker it pays off to invest bigger amounts of money, because with the minimum deposit trader’s don’t get as great package as with at least 500$.

Great advantage of this broker is that is supports many languages, namely: English, Spanish, German, Italian, French, Swedish, Dutch, Japanese, Russian, Arabic, Turkish, Portuguese, Korean and Chinese. Downside is that you can’t trade if you are US citizen. Broker is regulated by CySEC which gives traders some peace of mind.

All in all we recommend this broker, especially for traders that are prepared to invest bigger amounts of money in trading binary options. If you wish to register and start trading at ZoomTrader you can click on the button below the text to open your account.

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