ZoomTrader Review

Overview

ZoomTrader was established in 2012, and it's a highly competitive binary options broker. It offers a wide range of assets, at no trading commission, which suits high volume traders. Minimum deposit is $200, and minimum trade size is only $5, making it ideal for beginners too. Payouts are typically 70% to 90%, and consistently so even under volatile market conditions. The biggest incentive to new clients is the huge bonus this broker offers. This can be up to 100%, and can be up to $2.500 on platinum accounts. It also offers a free training eBook, and is one of the few brokers that accepts US clients.Zoomtrader

Trading Platform

The trading platform is easy to use. It offers versatile view options, and supports many languages, including English, French, German, Italian, Spanish, Russian, Arabic, Portuguese, Japanese, Turkish, Chinese, and Polish. It allows the trader to know well in advance the expected risk and profit margins of a pending trade. As a result, the trader always knows where they stand and are able to maintain their grip on the strategies being used. This is very important to day traders in particular! The assets offered are of wide range, more than 65 in total. And these assets include currencies, commodities, indices, and many stocks.Zoomtrader

Safety of Clients' Funds & Reliability

ZoomTrader is safe for both deposit and withdrawal transactions and trade execution. It implements all the required policies for facilitating highly secure online payments, keeping clients' funds safe, and also offering a transparent and fair trading environment.

Deposits & Withdrawals

ZoomTrader offers a very wide range of payment options, including WebMoney, Astropay, POLipayments, CashU, and Skrill. Withdrawals are fast and without restriction using their user friendly bank transfer withdrawal facility.

Specials

ZoomTrader offers a zero commission structure, ideal for high volume traders and scalpers, and the flexibility to close early or extend losing trades and thereby limit losses and turnaround losing trades into profitable ones. Above all, it offers competitive zero commission trades which can extend in expiry times, as far as thirty days out. This is very convenient to traders engaging in both day trading and swing trading, since every time the market moves against the trader, for the day, they can simply open a new trade with a longer expiry date. It also offers market analysis updates, which can be extremely useful to beginners seeking clues about market direction. Also, this broker offers weekly promotions and significant prizes to be won; all clients are automatically included in these weekly competitions for a fair chance to win. Certainly these promotions are not the primary reason for someone to join Zoomtrader.com, but clients have nothing to lose, especially clients looking to stay with their broker for a long time.

Our Verdict

ZoomTrader is a great broker, and is more suited to high volume traders seeking to cut dealing costs. Their competitive, non-commission structure allows the busy trader to profit from short term market moves without incurring dealing costs. In addition to this, their platform is user friendly, and is very versatile in monitoring several different assets or open trades, at a time.

On the downside it doesn't offer a demo account, which may be a disappointment to some, but remember that real money trading starts at only $5! In total, ZoomTrader seems to serve the typical day trader more than enough. It also provides all the assets that a stock day trader will most likely want, especially the day trader who trades both the underlying stocks and at the same time uses binary options as a hedge tool. This kind of day trader can use ZoomTrader to a whole new level of efficiency, at minimum commission costs. ZoomTrader makes its profit on the payout differentials and doesn't need to charge extra fees or commissions. The competitive trading of ZoomTrader has forced other brokers to become more competitive as well, and offer increasingly lower commissions, which means that this broker is really leading the way forward into efficient trading.

Overall, ZoomTrader offers new traders the opportunity to start trading in minutes at minimum capital outlay and at minimum possible trade size. This is quite a feature! Because remember new traders are afraid of large commitments and risks. At the same time many traders want to try out the real thing first time round, and are not particularly happy trading through demo accounts.

Trade with ZoomTrader

ZoomTrader

    Website: www.zoomtrader.com

    Headquarters: United Kingdom

    Year founded: 2012

    Regulated: NO

    Accepts US traders: YES

    Platform: Tradologic

    Minimum Deposit: $200

    Minimum Trade: $5

    Maximum Trade: $4.000

    Deposit Bonus: up to 100%