Review: Zoomtrader Offers a Comprehensive Binary Options Trading Experience

The UK-based broker had its launch in 2012 and is one of the most well-known brands in the industry. With

Zoomtrader logo Zoomtrader offers a wide variety of trading instruments to its clients, including all the FX majors, lots of FX crosses, the leading world indices, stocks and commodities. This suits most trading styles and enhances the overall appeal of the site of those who want to switch between option types in various market conditions.

The company selected Tradologic as a platform provider and ZoomTrader is among those brokers who take full advantage of the range of possibilities that come with the former’s platform. Digital, turbo, touch, one touch and range options are all available.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Digital hourly options expire every 15 minutes during regular trading hours, providing a great deal of flexibility and action for those who seek a balance between the fast pace of the turbo options and the daily and weekly ones. The offering is further improved by the provision of the extend and close functions, allowing traders to remain one step ahead of the market and take action before the expiration of the option.

Turbo binary options, the shortest options for one, two and five minutes are available primarily for the most liquid of assets such as the major FX pairs. Payouts vary between 60% for one touch options to 80% for digital. Turbo options can be expected to deliver up to 76% in profit. Touch option payouts can be as high as 140% but bear in mind this comes with a higher risk of losing the initial investment.

There are also daily expiries for those who like to stay away from excessive market fluctuations on a regular basis. Weekly and monthly options are available for those traders who want to diversify with binary options longer term. Touch, one-touch and range option expiries cannot be altered and these options expire on a default time setting, depending on the asset.

Suggested articles

What to Look for in a Liquidity ProviderGo to article >>

Zoomtrader main pageOn ZoomTrader’s main page, the “Trade Now” tab leads to the trading platform which has a more intuitive arrangement than most brokers. The actionable fields where the user has to select an instrument and the direction of his/her trade are on the left and center of the screen, whereas the chart is on the right. The trader’s sentiment panel is located under the chart (showing the percentage of traders who are either buying or selling the most popular currency pairs.)

Depending on a trader’s initial investment, ZoomTrader offers 4 account types that can take advantage of bonuses from 20% to 100%. The largest among them is for deposits between $5,000 and $20,000, offering access to a personal account manager and additional educational materials such as videos, market reviews, webinars, etc.

There is one more account type reserved for those who are serious about trading binary options and can of course invest $20,000 or more. This VIP account has no set rules for bonuses and/or limitations or for the size of the trades. Of course, there is a turnover requirement for withdrawals for every bonus received and it is equal to 40 times the bonus.

ZoomTrader’s website also provides a “Simulate Trading” feature on the main page, which gives you an idea of what to expect from trading binary options if you are new to the market. The same trading results are not guaranteed and are likely not going to be the same.

Overall, the site is client-centric and offers a wide array of options for binary traders in a well arranged manner. The account managers are among the most engaged ones in the industry and their attention is appreciated by many of the broker’s clients who need guidance and assistance.

Got a news tip? Let Us Know