Zoptions Review
| Broker | Zoptions |
|---|---|
| US Traders Accepted | |
| Company Name | Zoptions |
| Regulation | No |
| Bonus Type | Deposit bonus |
| Bonus Size | $10 |
| Max Payout | 75% |
| Out-of-Money Reward | 10% |
| Trading Platform | SpotOption |
| Deposit Options | Cred/debit cards, wire transfer, CashU, Skrill, Nordea, iDEAL |
| Deposit Currencies | US Dollar, Euro |
| Minimum Deposit | $200 |
| Minimum Trade | $1 |
| Maximum Trade | $10,000 |
| Trading Instruments | Forex, Commodities, Stocks, Indexes |
| Number of Trading Instruments | 82 |
| Binary Option Types | Call & Put, One Touch, Option Builder, 60 Seconds, Pro Trader |
| Customer Support Types | Email, satellite office phone call, on-line chat service |
| Education Offered | How to Trade, Demo Video |
| Tools Offered | Daily Market Review, Weekly Market Review, Expired Rates, Expiry Rates Rules, Live Financial News |
| Commission | $25 fee for wire transfer withdrawals |
| Languages | English, German, Italian, Norwegian, Swedish, Arabic |
| Demo Account | No |
On their website, Zoptions claims to be a professional trading platform offering trading opportunities in a range of digital options. They also have provided an e-mail id info@zoptions.com for contacting them for sending queries and getting more information about them. But unfortunately, they never reply to the e-mails. You will be lucky enough if you get a reply from them. And if you want to gain some more information about them, you will have to call them in one of their satellite offices. They have an online chat service as well but it does not seem to be working as well. If you want to choose Zoptions for your trading, you will have to call them, since you will need to learn several basic things before opening an account with them. Ironically, their website does not give all information that you may require. For example, there is no mention about the company name and its headquarters on the website. You will have no idea since when Zoptions is in the business and whether they have been regulated or not. Such types of information are important to establish the credibility of a broker and it could be difficult for any trader to think about Zoptions seriously. They even do not reveal the name of their trading platform, although they claim to offer the simplest, fastest and the most user-friendly trading platform.
If you can believe them and can rely on their claims, you can open your account with a minimum deposit of 200 US dollars or 200 Euros. They have several types of funding options for you such as credit, debit cards, bank transfers, Cash U, Money Bookers etc. They have more than 80 financial assets for a trader to choose from and start investing with them.
Trading Choices
A list of 82 financial instruments can offer a sufficient number of choices to any trader. So, finding an asset or a set of assets for investment purposes with Zoptions may not be a difficult task for any trader. At the same time, they offer a good payout ranging between 65% and 75% for their regular binary options. The good thing is that one can start investment with them as low as $1 only. So, by losing a couple of times initially, one may gain some familiarity about their platform. They do not seem to provide a demo account either and in such a case, this could be the only way to learn practically about their platform. However, they offer an out of money reward guarantee of up to 10% maximum, and it could minimize your losses to some extent if you fail to judge the movement of your chosen asset appropriately.
Besides their regular binary option of Call & Put, if you choose to invest in their Option Builder, you can slightly increase your earning level with a 78% payout at 10% insurance. At the same time, you can make a fast earning of 65% in just one minute if you prefer to invest in their 60 Second option. If you want to earn some big money with them, you may prefer to invest in their One Touch that offers you a handsome payout of above 500%.
Zoptions offers bonuses from time to time as part of their promotional programs, and you can never guess about it. For example, they may reward you with $10 as soon as you open an account with them. They do not offer any deposit bonuses particularly.
Technical Analysis
Zoptions provides several types of technical analysis and tools such as Daily Market Review and Weekly Market Review to their clients to help access market reports. By accessing these reviews, a trader can successfully assess the market movements of the assets. Besides, a trader can also receive Expired Rates and Expiry Rates Rule, and also Live Financial News. However, experienced traders who want to access historical data and multi-directional larger charts for analyzing the market and making a trading decision will hardly find any way of doing an in-depth analysis of the market.
Learning & Support
In the name of learning resources, they do not have anything significant that one may appreciate. They have How to Trade section on the website and a Demo Video only. The video presents a good visual walk-through. However, for a newcomer, it could be very difficult to understand everything about binary options trading. Since they do not provide any demo account, the importance of educational resources becomes even more evident which Zoptions lacks critically.
Zoptions even dos not maintain a robust support feature. Their Online Char Service does not work and they do not reply to your emails. The only way to contact them is by calling them in one of their satellite offices. They seriously need to improve their support mechanism if they want to lure more and more traders to be part of their network.
Conclusion
In the real sense, it could be difficult for a trader, whether new or experienced, to consider Zoptions as a friendly options broker. They neither disclose vital information about their company, regulatory status etc online on the website. At the same time, they do not believe in replying your e-mails. Besides they do not offer any demo account and their education section needs a drastic attention. In such a case, there is the least chance that they would get a favorable opinion from the trading enthusiasts.