ZoomTrader is a Scam Read This First!

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ZoomTrader Review

One unfortunate thing that binary option trading has come with is the number of scams masquerading as legit binary options software. Thousands of people have made and are still making good money from this trade but scammers are pushing away a good number of would-be investors due to their fraudulent activities. Add this to the out-of-this-world promises that newbies are bombarded with the moment they go to the search engines in search of binary option software and you have a fertile place to rip off people who do not know better. The danger is precipitated by the fact that there is very little international regulation in this fast growing industry. It is therefore important that you do your due diligence before depositing your hard-earned money with fly-by-night scammers.

What ZoomTrader is all about

To get to know what ZoomTrader is about, you need to know the following about the binary options broker:

  • Created in 2020, ZoomTrader has been around for a long time in binary options trading terms. Domiciled in British Anguilla, this broker tries to make things look easy to traders, probably as a lure to hem in as many investors as possible.
  • The trading platform on which ZoomTrader operates is the Tradologic platform. It offers a wide range of trading possibilities including Range options, One Touch Options, Touch Up/Down, Turbo and Digital Options.
  • They promise very impressive returns at 80% on all your trades. This is quite on the high side considering that people who have traded with this broker report much less returns. They will also promise the investors who trade in Bitcoins at the side or full time a return of 67% on their trades.
  • ZoomTrader offers a demo account for people to try out their software. The downside is that you will need to make a deposit first before you access the demo account. This implies that you will not give the software a test run to help you decide whether to make a deposit or not. In fact, you need to have made the decision to make the deposit before accessing the demo account. If you are the cautious trader who tries a totally free demo first, this is not the software for you.

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ZoomTrader Scam Investigation Read The Shocking Truth!! Don’t Invest Before You Read This Scams and Frauds Revealed.

How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

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    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

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    The Promotions at ZoomTrader

    The main promotions with this software are in the bonuses. These bonuses are set at 50% for deposits of between $500 and $1999, a bonus of 75% for deposits between $2,000 and $4,999. A bonus of 100% for deposits that are between $5,000 and $19,999 is awarded. Traders can expect more extra opportunities to earn money with risk free trades. Provided are current market reviews and trading strategies.

    While this is what it says in its website, independent reports on the veracity of these promises are yet to be received in numbers enough to generate a firm opinion on the same.

    Trading accounts at ZoomTrader

    There are four different accounts that you can trade from with ZoomTrader. The bonuses you receive and the benefits accruing will depend on the account you hold. These accounts are:

    • Bronze Account: The minimum deposit here is $500 and a maximum of $1999. It attracts a bonus of 50% and the benefit of introductory videos.
    • Silver Account: Deposits of $2000 to $4999 make up this account. Your bonus here is set at 75%. Apart from video courses, you will also receive 2 trading strategies, webinars and market reviews.
    • Gold Account: This holds deposits of between $5000 and $19999 and attracts a bonus of 100%. Other benefits include introduction videos, 2 risk free trades, webinars, 3 trading strategies, high payouts, same day withdrawals and your own account manager.
    • Platinum Account: This one caters for deposits in excess of $20000 and gives preferential treatment with all the benefits that the Gold Account offers and more.

    Deposits and Withdrawals at ZoomTrader

    With this software, depositing and withdrawing is not restricted to specific cards and wireless transfers. You can also deposit in your preferred currency. This raises the pool of traders who can join. It also raises the question of safety and security of privacy and of funds since it looks like anything goes here.

    Minimum withdrawals are at $100 and you cannot withdraw unless your bonuses have all been traded. For the silver and bronze account, you will need to wait for at least three days as this is their waiting period. Same day withdrawals are only for Gold and Platinum accounts.

    Red flags

    Trading with ZoomTrader seems risky if these red flags are to be considered before you make your first deposit:

    1. Customer support is terrible. There are complaints all over the internet about the poor communication methods the company has. It is probably due to the factthat all correspondence and customer queries seem to be in the hands of one person who goes by the name Jack Moore. This is red flag number one. You would think a large company like ZoomTrader would have more employees to handle customer complaints. This one seems like a lone ranger kind of outfit.
    2. Withdrawing delays have been the constant complaint about this software. There is no reason to delay traders withdrawals beyond what the account requirements stipulate. There are also complaints of traders who have been unable to access their accounts completely. You want to put your money here? Do so at your own risk.
    3. Bonuses are not optional here. They are lumped into your account whether you ask for one or not. The fact that you cannot withdraw with bonuses that are untraded, you will have to wait a while before your money is accessible because you will be forced to trade the bonuses before you can withdraw.
    4. Reports have surfaced of expiry times being extended arbitrarily. This is where you are trading a 60 second option and it does not expire till after more than 40 seconds after the time it was supposed to. By this time, the signal could have changed and you would have lost your money.

    We cannot confirm whether ZoomTrader is trustworthy or not, so we recommend that you use binary option robot instead.

    Verdict

    ZoomTrader is not a trustworthy software, no doubt about this. The red flags are serious enough to make you think again about giving these people an opportunity to get your hard earned money.

    What you need to do

    Your only reason for wanting to trade in binary options is to have a good return on your investment. It is for this reason that you should opt for a trading platform where you and your investment are treated with the deserved respect and worth. This software that does all this is the Binary Option Robot.

    It is fully automated and the promised returns are not out-of-this-world; they are realistic and achievable as is the testament of so many traders, professionals and beginners who continue to enjoy the true benefits of binary options trading with Binary option Robot.

    Get binary option robot for free by clicking on the button below!

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    ZoomTrader Review

    ZoomTrader guarantee its clients huge profits, free bonuses and 24 hour withdrawals. But is ZoomTrader a Broker to Trust or is it a Fraud?

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    ZoomTrader Full Review

    Claiming to be one of the premier trading platforms for the Forex traders, ZoomTrader opts for creating the environment for all the traders in a simple way. The company was founded 2020 and has been in the Forex and CFD trading for not so long time. ZoomTrader seems to be capable of handling the customers of high trade by offering different beneficial features but since the Forex and CFD trading industry is full of risks, it is definitely better for you to have real time proofs before investing. Since we are gathering information we cannot assure you that it is completely a legit broker without any risks.

    ZoomTrader Promotions

    The special offers of the ZoomTrader incorporates the availability of 50% bonus returns on a deposit between $500 to $1999, 75% bonus return on $2000 to $4999 and a 100% bonus on deposit of $5000 to $19999. Apart from these features, the traders are also allowed trading strategies, risk free trades and market reviews. It is nothing new for a broker to offer such above mentioned benefits, but we haven’t found any real time evidences that the features and benefits are availed by the traders in a hassle-free way. So it is better to be alert before investing.

    ZoomTrader Deposits and Withdrawal Policy

    The minimum deposit starts with the amount of $250 and on the first deposit the traders are automatically awarded with a bonus of 50%. But the catch is you shall not be able to withdraw the money until the amount becomes $100. For the deposition, nothing unique can be mentioned as it accepts all types of cards, wire transfers and eWallets and also you shall be able to use different currencies for depositing the money.

    And also for the withdrawal process you shall have to wait for a minimum period of 3 days for processing. The company was expected to produce a unique element in the deposit and withdrawal process, but it doesn’t do so.

    ZoomTrader Demo

    A demo account is offered to the customers who deposited money and the virtual funds can be utilized for making all types of trades and look out for the trading options. You shall be able to avail the complete list of assets, stocks and commodities. The demo account is valid for a long period of time for the convenience of the traders. The demo account is definitely beneficial for the traders but at the same time, we cannot guarantee that it works flawlessly or if all the features and options of the real trading account are available in the demo account as well. So, you might have to get your questions answered by the customer care.

    Is ZoomTrader a Scam?

    There have not yet been any direct evidences that the company is a scam but there are certain issues with the controlling of trades. There are no real time proofs that the company is able to provide the offers of closing out, rolling over or the doubling up of the trade for the traders.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Choice For Experienced Traders! 2nd place in the ranking!

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