The firm has opted to be registered in Cyprus which means they must comply with the rules and regulations as drawn up by CySEC. This is Cyprus’s financial body, created specifically to deal with binary options; it complies with all European directives regarding financial instruments. Any firm which opts to be regulated by CySEc is dedicated to providing a professional, quality service.
They offer a rate of return as high as eighty three percent and require a minimum deposit of $250. It is possible to place a trade for as little as $10, or you can choose to invest $2,500 per trade. The welcome bonus is set at one hundred percent and depends upon the amount of funds you deposit.
- Very easy to use website; well designed and intuitive.
- Simple approach to trading
- Good rate of return on each trade; although there is no guarantee that you will win your trade!
- Excellent mobile options available to keep you trading no matter where you are in the world.
- The customer support has received excellent feedback from the majority of their customers.
- There is no way to try the account before you sign up, which is disappointing
- US traders are unable to access the service.
ZoomTrader has chosen to be part of the most respected regulatory body in the world which means they must operate to specific standards and look after their customers funds; including a separate deposit account for customer funds. This makes them a safe option as well as a trustworthy broker. It also allows you to focus on trading and not the broker you are using.
There are four options when it comes to account types. As usual, each account has the features of the accounts below it with an added function or two. The basic account is the Bronze account which requires a minimum deposit of between $500 and $1,999. Traders in this account receive a fifty percent welcome bonus and some basic training. The silver and the gold account both build upon these features and add higher bonuses, additional training and even some risk free trades. The top account, the platinum, requires a deposit of $20,000 or more, although investors will receive one hundred percent welcome bonus as well as two risk free trades and some trading strategies.
All traders get an e-book and regular updates which should help you to make the most of your funds and the opportunities.
Most brokers use SpotOptions but ZoomTrader has opted for a platform created by Tradologic, another of the bigger players in binary trading platforms. As a result the website is very easy to use but has a host of features that are not often found on binary trading sites. It is even possible to change your viewing mode depending upon the number of trades you are undertaking. You can choose to trade short term or long term and even close a trade early or extend it to increase your return or chance of a return.
It is even possible to trade remotely via your tablet or phone!
Banking facilities are taken very seriously by this broker and they have excellent security in place. They comply with a wide range of financial laws and will verify your identity before you are able to trade. You can deposit funds via a variety of methods but they will need to be verified before you can withdraw any funds.
The customer support is excellent. You can contact them via live chat at almost any time of the day or night. They will accept and quickly reply to emails and phone calls; in fact they will even respond to fax messages. There is also a FAQ section on their website which should help to answer the more basic questions. The support staff is knowledgeable and friendly and can even provide support in a variety of languages.