While some binary options brokers focus on education and others try to come up with the most innovative trading options, ZoomTrader realizes that money is what drives most people who trade binary options. Keeping that in mind, Zoomtrader.com not only offers a good trading platform and resource center but the ZoomTrader bonus is extremely generous, their payouts are higher than average, and they support more deposit and withdrawal methods than any other broker out there.
Software and Features
ZoomTrader is powered by the Tradologic binary options trading platform, which provides traders with an excellent trading environment. Extras at Zoomtrader.com are plentiful and all traders get access to a free e-book, economic calendar, and the broker blog, although only traders with certain accounts are able to see the daily market updates and other trading resources. New traders will also be disappointed to find that demo accounts are not supported. Customer service is above average as live chat is available 24/7 while telephone support is offered in more than a dozen countries and languages.
Option Types Offered
Around 80 stocks, commodities, indices, and currencies are listed in the ZoomTrader broker asset list. Option types are plentiful, as there is the possibility to trade standard high/low, turbo (60-second), one-touch, double-touch, and boundary options. It is also possible to close trades early in order to protect profits or stave off losses. In-the-money payouts are higher than average, topping out at 83% while some losing trades offer rebates of as much at 10%.
Account Types Offered
Although they had more account types in the past, at the time of our ZoomTrader review, they had eliminated some of the tiers and are obviously targeting higher-value clients. Mini accounts with basic trading functions and a 20% ZoomTrader bonus are available to customers who make the minimum deposit of $200. The next level, Gold, is only reached with a deposit of $2,500 or more, and at that level the bonus amount swells to a whopping 70% and additional perks such as trading strategies are given. At $5,000, traders get a personal account manager, a massive 100% bonus, and even more perks. There are also more ways to deposit and withdraw money at Zoomtrader.com than with any other trader as they support secured payments through more than two dozen credit cards, payment services, e-wallets, and wire transfer services.
There is nothing about the assets or trading platform at ZoomTrader that you can’t find anywhere else. But that isn’t the draw, as ZoomTrader knows that people respond to cash and therefore offer the chance to claim better bonuses and receive higher payouts that with nearly every other broker. This alone is enough reason for any serious trader to give ZoomTrader a look.