ZoomTrader Review

ZoomTrader is a broker operating on the financial market and it aims to provide first class trading experience. But is ZoomTrader a good choice for trading binary options or it is a Scam?

Skip the Content & Read the Conclusion

After a lot of research about ZoomTrader’s reliability we couldn’t find the information we needed to come up with a certain conclusion, even on Google Trends this broker has a very poor popularity (see the graph below). Traders’ safety is our first concern when investigation for scam brokers and ZoomTrader has several trader’s comments online that made us question its reliability. As an alternative we have selected the Top Safe Binary Brokers along with detailed and full reviews.

In this case we can offer you to Proceed to Safety  OR to choose one of the Regulated and Safest Binary Options Brokers:

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ZoomTrader Review

Started in 2012 and based in Mahe, Seychelles, ZoomTrader is a binary options broker to enter into the competitive binary options industry. The broker provides a broad range of financial instruments to trade with, giving the promise to traders to gain returns as high as 83%. But there are no proofs that it actually does.

ZoomTrader’s trading platform is powered by TradoLogic, which is known as online trading engine. Traders will find that the trading platform is equipped with tools and attributes that are generally found on other binary options trading platforms. For instance, traders have an alternative to select from Single view mode, Multiple view mode or Classic view mode.

We are still collecting details about ZoomTrader, therefore we cannot be absolutely sure whether it is safe to trade with ZoomTrader or not.

ZoomTrader Scam

ZoomTrader claims to give secure trading and provides with reasonable bonuses to new clients. It is not confirmed if this broker is regulated or licensed. As we do not have sufficient information whether this is a legitimate broker or not, we suggest you be careful. We always recommend to sign up with a binary options broker that is trustworthy and safe.

ZoomTrader Demo Account

ZoomTrader does not provide a free demo account. For getting a demo account, you first have to sign up with the broker and deposit some funds. After that, you can ask your account manager to give you access to a demo account. You can use it to check out their platform and get an actual trading experience with this broker.

>> Visit Recommended & Trusted Broker <<

In the case with ZoomTrader, you will not be able to trade free with no risk and check the trading platform for yourself.

ZoomTrader Withdrawal

If you request a withdrawal with ZoomTrader, you will have to give account confirmation before any funds are issued. The minimum amount for withdrawal is 200 in all currencies and it gets processed within 2 days.

Amounts, which are lesser than that, are automatically disapproved by the system. However, every client is given one free withdrawal every month, but for every consequent withdrawal in the same month there is a processing fee of 30 USD or 30 EUR.

zoomtrader withdrawal

Traders who were provided with a bonus by ZoomTrader were not capable of withdrawing any funds from their account unless they traded 30 times the bonus amount. Due to this, they can face withdrawal issues and ZoomTrader’s client support cannot help them.

ZoomTrader Complaints

ZoomTrader, operating in the binary options field, claims to provide its clients with effective trading environment. But, on complete research, we have found many user complaints in forums and user groups related to this broker. They have complaints about its trustworthiness and various other issues. Having a reliable binary options broker is essential for better trading experience. Therefore, we can advise you to be careful when using ZoomTrader or you can look for many better options than it.

Conclusion: ZoomTrader Withdrawal Policy is NOT Satisfactory

After making detailed research and trying out the withdrawal policy of ZoomTrader, our team concluded that ZoomTrader has a slow and complicated withdrawal process. Our research shows that there are other brokers with a much more satisfactory withdrawal policy. Currently the broker with the fastest withdrawal approvals is BinaryMate – 2 working days on average.