ZenTrader is a binary platform with 2 trading types [Classic, On-Demand] and a maximum trade amount of $1,000. Based in Singapore, this company provides its customer services via 3 channels [ticket, live chat, phone call.]
The maximum return on the Classic trading type is 85%, and 4 markets [forex, commodities, stocks, indices] are available.
Zentrader Company Information
Zentrader is a financial services company founded on October 19, 2018. Based on the data available on Crunchbase.com, this binary option broker 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:
Broker | ZenTrader |
Account Types | Classic, On-Demand |
Establishment Year | 2018 |
Trading Platforms | Proprietary |
Maximum Return | Up to 90% |
Minimum Deposit | $10 |
Base Currencies | USD, EUR, GBP |
Deposit Methods | Credit/Debit Cards, Crypto, Bank Transfers |
Withdrawal Methods | Credit/Debit Cards, Crypto, Bank Transfers |
Minimum Trade Amount | $5 |
Maximum Trade Amount | $1,000 |
Tradable Assets | Not Specified |
Investment Options | None |
Bonus | $50 Welcome Gift |
Spreads | Not Specified |
Commission & Fees | $0 |
Maximum Leverage | Not Specified |
Affiliate Program | Yes |
Trading Features | On-Demand Trading, Economic Calendar |
Inactivity Fee | None |
Customer Support Ways | Ticket, Live Chat, Phone Call |
Customer Support Hours | Not Specified |
Trading Accounts Variety and Comparison
ZenTrader provides exceptionally high returns for binary options trades. The Classic Trade contract offers payouts up to 190%, while the On-Demand Trade contract allows up to 195% return.
These rates are well above industry norms, making the platform attractive to high-risk/high-reward traders. Also, the binary platform offers a demo account for trading binary options with virtual funds.
ZenTrader Trade Type Comparison
To get a better understanding of the differences in ZenTrader trade types, you can check the table below.
Trade Type | Classic | On-Demand |
Minimum Deposit | $10 | |
Trading Platform | Proprietary | |
Markets and Instruments | Forex, Commodities, Stocks, Indices | Forex |
Minimum Trade Amount | $5 | |
Commission | Not Specified | |
Maximum leverage | Not Specified | |
Special Features | - | |
The main difference between these two accounts, in addition to tradable assets, is the trading timeframes. ZenTrader trade types' timeframes:
- Classic timeframe: 15min, 30min, 60min, 2hr, 4hr
- On-Demand timeframe: 30sec, 60sec, 3min, 5 min
ZenTrader Demo Account
Explore the Zentrader platform with a free demo account, no payment or deposit required. Just enter your name and email, and receive instant access via a personal login link.
- $10,000 Virtual Balance for simulated trading
- Instant Access to the trading platform (no download needed)
- Live Market Data for real-time trading strategy testing
Zentrader Broker Registration and Verification
The registration and verification process for Zentrader appears to involve standard security measures to protect users. For Zentrader registration, follow these steps:
#1 Access the ZenTrader website
Search for the ZenTrader binary broker on your preferred browser and enter the official website. Then, click on the "Sign Up" button.
#2 Fill Out the Signup Form
Click “Sign Up”, enter an unused email twice, choose a secure password, select your preferred language, and proceed.
#3 Enter Personal Information
Input your date of birth and a valid phone number, agree to Zentrader’s terms, and confirm registration.
#4 Confirm Your Email
Check your inbox for a verification email. Click the confirmation link, and you’ll be redirected to your trading cabinet. Then, you're ready to go.
Now you need to provide the necessary documents (eg, passport, ID card, or driver's license) to complete the ZenTrader verification process.
Does Zentrader Offer Any Bonuses?
This platform provides a promotion for its clients; that is, a $50 bonus will be deposited into your trading account as a "welcome gift".
Bonus Type | Bonus Amount | Bonus Eligibility |
Welcome gift | $50 | Available after 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 on 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.
ZenTrader Trading Platform
The Zentrader broker cabinet offers traders a mediocre suite of tools. Here's an overview of its key features:
An overview of the trading platform's features on Zentrader
Live News Feed Integration
Stay informed with integrated market news, helping users react to real-time financial events and headlines.
Account Access & Trading Availability
Manage your trades, balance, and platform settings anytime with uninterrupted account access.
Order Execution & Modification Tools
Zentrader supports basic order management, allowing users to place, edit, or close trades directly from the platform.
Multi-Asset Class Support
Trade across diverse markets, including forex, stocks, and commodities, from a single unified interface.
Customizable Watchlist Panel
Track selected instruments in real-time by adding them to your watchlist for faster market monitoring.
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 of the mentioned tools, which is a drawback for this platform.
ZenTrader Dashboard
The binary broker features a minimal client cabinet with the following sections:
Contact Us
A ticket system that is designed as a bridge between traders and the support team for submitting queries.
My Accounts
Toggle between your trading accounts, including demo and real. You can also change your personal information from this section.
My Inbox
A section that allows the platform to contact traders by sending messages. You can check all of the new and old messages and archive them.
Resources
A direct link that will navigate you to the ZenTrade help center, offering answers to the most common questions.
Language
You can select the platform's interface language from a list of six, including:
- English
- Indonesian (Indonesia)
- Japanese (日本語)
- Korean (한국어)
- Thai (ไทย)
- Vietnamese (Tiếng Việt)
ZenTrader Mobile Application
While the binary broker has developed a mobile application for Android devices, it doesn't support iOS devices.
The mobile application is not available on the Google Play Store. You must download the app directly from the ZenTrader website.
Important Note: The absence of the ZenTrader app on the Play Store is a red flag. Traders must tread with caution while using the application.
Available Indicators and Oscillators in the 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.
ZenTrader Trading Assets
ZenTrader provides binary options trading on 24 trading instruments across 4 asset classes, including:
- Forex: 18 major currency pairs, such as EURUSD and GBPUSD
- Indices: Only 2 symbols, including VOLATILITY 10 and JUMP 10
- Commodities: Silver and Gold
- Cryptocurrencies: 2 digital assets, including Bitcoin and Ethereum, in USD and JPY markets
Which Payment Methods Are Available on Zentrader?
The platform offers typical options for deposits and withdrawals, similar to those of its competitors. Zentrader deposit and withdrawal 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, the platform currently 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.
Advantages and Disadvantages of Trading with Zentrader
You should know about the important benefits and drawbacks of working with the binary options platform if you are about to register:
Advantages | Disadvantages |
Low Min. Deposit of $10 | Uninformative Website with No Accurate Data on Several Services and Tools |
No Trading Fees and Commissions | - |
Phone Support | - |
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 the ZenTrader 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.
ZenTrader Restricted Countries
Zentrader limits its services in specific regions due to regulatory compliance requirements. As of now, access is generally not available in the following jurisdictions:
- United States
- Australia
- China
- Hong Kong
- Estonia
- Israel
- Iran
- North Korea
- Palestine
- Sudan
- Syria
- Russian Federation
This list is not exhaustive and may be updated based on changes in international regulations or internal policy. Traders are advised to consult Zentrader’s official terms or contact support for the latest restrictions.
ZenTrader Compared to Other Binary Option Brokers
The table below offers a detailed review of the ZenTrader features compared to other binary option brokers.
Parameters | ZenTrader Binary Broker | ||||
Establishment Year | 2018 | 2013 | 2019 | 2014 | 2017 |
Maximum Return | Up to 90% | Up to 90% | 98% | Up to 93% | 90%+ |
Minimum Deposit | $10 | $10 | $10 | $10 | $5 |
Minimum Trade amount | $5 | $1 | $1 | $1 | $1 |
Number of Trading Assets | Not Specified | Over 250 | Over 400 | Over 100 | Over 100 |
Bonus | $50 Welcome Gift | No | Welcome Bonus, deposit bonus, risk-free trade, loyalty program, seasonal promotion | Deposit Bonus | Welcome Bonus, First Deposit Bonus, No Deposit Bonus, YouTube Video Contest |
Maximum Leverage | Not Specified | 1:100 | 1:1 | 1:500 | 1:1000 |
Inactivity Fee | No | €10 Per Month | No | $10 Per Month | No |
Expert Opinion
ZenTrader is a global binary options platform with 6 payment methods [Visa, MasterCard, JCB, BTC, USDT, bank transfers.]
The company has received a trustscore of 90/100 on the ScamAdivser website; less than 10 users have given an average of 2.2/5 to the platform.