ZoomTrader is a binary options trading platform that provides investors and traders with the ability to trade stocks, currency pairs, commodities and indices on the binary options market. Zoomtrader maintains offices across the world, including London, British Anguilla and the Republic of Seychelles.
Headquarters: United Kingdom
Bonuses: Up to $2500 or 100%
Languages available: English, French, Arabic, Portuguese, German, Spanish, Russian, Italian, Polish, Turkish, Chinese
ZoomTrader offers traders and investors three unique types of binary options--Digital, Touch and Range as well as appealing trading tools such as Close and Extend, which give traders the ability to close their options before the time of expiration or automatically extend the time of expiration after buying the option.
The Zoomtrader website is not as busy as many other binary options sites which makes it easier to navigate. The education center provides an interactive introduction to binary options describing the different platforms and available accounts, free video tutorials and an e-book. During this ZoomTrader review we took the opportunity to view some of the videos and found them to be quite edifying and especially informative for inexperienced traders just getting into binary options trading. However, these videos replace any written descriptions and traders who prefer reading about the various accounts and platforms are given no alternative but to view the online videos.
There are no startup or broker fees and no commissions at ZoomTrader which is a refreshing change from many other brokers. However, I did not see a demo account offered for new traders and this is definitely a drawback, albeit one that isn’t uncommon in the binary options world.
Several interesting features are offered by ZoomTrader. A trading simulator appears on the front page so you can ‘simulate’ exactly what the outcome of your investment will be by choosing a price and direction of the trade. A click on the glossary brings up a list of financial terms helpful in understanding all types of investments. Their ‘trader insight’ tool allows the viewer to see how other traders are investing at Zoomtrader.
In addition, market updates are presented as they happen and an economic calendar is provided so you can stay up-to-date on global events.
Customer service is available through chat 24/7 and the company representatives are courteous and informative. E-mail and phone contact is also offered and they can be found on Facebook, Twitter and YouTube.
All in all, we found ZoomTrader to be a highly professional binary option trader with a user-friendly website and easily accessible information.
- Headquarter : United Kingdom
- Regulation : None
- U.S. Clients Allowed :
- Minimum Deposit : $200
- Maximum Leverage : N/A
Pros and Cons
- Easy application and trading process
- Choice of various platforms
- Customer Service in many languages
- Do Demo Account
- No Regulation from an authorized Regulatory Organization
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