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