Zentrader Review 2024

Zentrader is a binary options broker established in 2018. It requires only $10 as a minimum deposit, with benefits such as zero-commission trading and 200% payouts, and features including 30-second time frames.

In this article, we will discuss every detail in Zentrader Binary regarding its various aspects such as registration, trading accounts, platform, payment methods, etc.

Zentrader Company Information

Zentrader is a financial services company founded on October 19, 2018. Based on the data available on Crunchbase.com, the company is based in Singapore.

However, the official website does not reveal much information about the company. This lack of transparency raises some questions about the background and regulatory status of Zentrader.

Key points:

• Specializes in binary options trading;
• Offers a web-based trading platform;
• Caters to a global audience (with some restrictions);
• Claims to have expertise in financial markets.

Key Features and Specifications Summary

In this section, we will have an overview of the binary broker's specifics. Summary table:

Trading Accounts Variety and Comparison

Actually, there is no specific account type variety on the broker. Instead, Zentrader offers different "Trading Types", which will be discussed below:

• Classic Trade: Done on a fixed time schedule throughout the day
• On-Demand Trade: Trade Countdown starts on the moment the client enters the position, with shorter time-frames

Trading Types Comparison table:

Also, the binary platform offers a demo account for trading binary with virtual funds.

Zentrader Broker Registration and Verification

The registration and verification process for Zentrader appears to involve standard security measures to protect users. To open an account on the platform, follow these steps:

• Click "SIGN UP" on the official website's home page;
• Fill in the form with the information including country of residence, name, email address, and language;
• Create a strong password;
• Enter your date of birth, and phone number;
• Accept the terms and conditions.

Now, your account is created. For verification, submit the required identification documents on the website from the profile section.

Does Zentrader Offer any Bonuses?

This platform provides a promotion for its clients, that is, a $50 bonus will be deposited to your trading account as a "welcome gift" after placing the first 20 trades.

The website states that this promotion is valid for a limited time only. Therefore, always check for any updates regarding the gift.

Zentrader Commission and Fees

Transparency regarding commissions and fees is crucial for any trading platform.

There is no exact data about the costs in the official website. Without clear information on these aspects, it's difficult for traders to assess the cost of trading on the Zentrader platform accurately.

Potential users are strongly advised to contact Zentrader directly for a detailed breakdown of all applicable fees before opening an account.

Personal Cabinet Overview

The Zentrader broker cabinet offers traders a mediocre suite of tools. Here's an overview of its key features:

• Real-time charting with various timeframes;
• News live feed;
• 24/7 access to account information and trading functionality;
• Order management system for executing and modifying trades;
• Support for multiple asset classes, including forex, stocks, and commodities;
• Watchlist section for monitoring select trading pairs.

Based on our investigations of the cabinet, Zentrader could perform better in terms of offering indicators and technical tools on the chart.

Actually, it does not provide any access to any kind of mentioned tools, which is a drawback for this platform.

Available Indicators and Oscillators in Zentrader Platform

As stated in the previous section of this article, this binary broker does not provide any indicators and oscillators in its trading platform and personal cabinet.

Therefore, you need to work with third-party financial charting platforms to use such tools.

Which Payment Methods Are Available on Zentrader?

The platform offers typical options for deposits and withdrawals, similar to those of its competitors. Zentrader Payment Methods:

• Credit/Debit Cards: Visa, Mastercard, and JCB
• Crypto: Bitcoin [BTC] and Tether [USDT]
• Bank Transfers: In certain regions

It's important to note that the actual payment methods and processing times may vary.

Copy Trade and Social Trading: Is it Available?

Based on the information at hand, currently the mentioned platform does not offer any copy trading or social trading services to its clients.

However, some changes may happen in this regard in the future. Therefore, always check for any updates.

Trust Scores and User Ratings of Zentrader

Trust scores are crucial indicators of a broker's reliability and reputation in the financial industry. However, currently, there are very few ratings on Trustpilot platform. So we can't rely on them. Zentrader trust scores:

• Trustpilot: 3.7 out of 5
  • Only 1 review;
  • The review dates back to 2019;
  • The profile claimed by the company.
• ForexPeaceArmy: 5/5, based on only 1 rating

Zentrader binary rating on ForexPeaceArmy website

Customer Services and Support; Contact Info & Working Hours

Customer support is a crucial aspect of any trading platform, especially for binary options brokers, where timely assistance can be critical. Zentrader support channels:

• Live Chat: Through Whatsapp, LINE, and the official website
• Ticket: On the official webpage
• Phone Call: +65 3129 6336

Unfortunately, there's no specified schedule on the website regarding the availability of the support team.

Expert Opinion

Zentrader is one of binary platforms operating since October 2018. The most interesting feature about this platform is it offers payouts up to 200%, which is found nowhere else.

Zentrader also provides some other benefits, but it's not considered a reliable choice overall, since it's relatively unknown compared to its competitors.

In conclusion, go for this binary broker if you really need the 200% payout and have done thorough research about it.