Zentrader is a new binary options broker launched in 2019. After a period of consolidation and reform in the binary options industry, we are now seeing the emergence of new and serious players. Zentrader is one this new generation of binary option brokers who’s focus is on fairness, transparency and providing a great trading experience.
The Payout team went through the signup process, website, trading platform, payment methods, assets and customer support. Here is our Zentrader review.
Payouts, Assets and Time Frames
Payouts of up to 195% are offered on major forex currency pairs. Zentrader also offers trading in a wide variety of other assets such as commodities, indices and stocks. Payouts on these assets range from 170-190%.
Available time frames range from 30 seconds up until end of day. The ultra short term “On Demand” options only have a limited number of assets available.
The Zentrader trading platform is offered via web browser, mobile web app and Android. Much thought and research has gone into the design and layout of the platform user interface. If you are used to trading platforms cluttered with buttons and features, you will find this refreshing.
Zentrader also offers access to it’s demo platform with no sign up required. The demo platform includes live data for all assets and conditions are identical to the live platform.
Making depositing and withdrawing from your trading account fast and easy is one area where Zentrader really excels. However this will depend on your country of residence. Traders in UK, EU, Indonesia, Thailand and Japan are in luck as Zentrader offers fast local bank transfers in these locations.
Methods available include credit cards, local bank transfer (JPY, IDR, THB, GBP, EUR), Bitcoin, Neteller and other e-wallets.
Trust and Regulation
Trust is a very important aspect when trading in financial markets. Your broker is not only responsible for executing your trades, and providing support, they also hold the deposited funds in your trading account. Zentrader is registered and authorised to provide trading services from the Saint Vincent and The Grenadines (SVG). We did subtract quite a few points as SVG as a regulatory jurisdiction is not as well known as Australia, UK or Singapore.
Zentrader has a comprehensive account terms and dispute resolution policy. They also have a company wide “no-advice” policy to avoid any broker-client conflict of interest.
Zentrader customer support offers service in English, Japanese and Indonesian around the clock Monday to Friday and 9am to 5pm (UTC +8) on the weekends. Clients can get in contact via email, telephone or live chat.
They also offer the comprehensive Zentrader Help Centre which covers all aspects of signing up, account verification, payments and dispute resolution.
Have you had an experience with Zentrader? Please leave your review and comments in the box below. Zentrader is also offering a $50 cashback bonus on all new accounts for a limited time. CLAIM HERE!
Zentrader Online Trading
Payouts, Assets and Time Frames9.2/10
Trust and Regulation7.0/10
- High payouts of up to 195%
- $50 cashback on new accounts
- Friendly multilingual support team
- Local payment methods
- USD, GBP, EUR, IDR, THB accounts available
- Limited assets on shorter term options
- Only short term price charts
- New player. Launched 2019.