Weekly Binary Market Review – 5 November 2012

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

7 Binary Options

Ever since 2020 traders have been able to enjoy the trustworthy binary options broker ZoomTrader. It is a broker that believes that everyone should have an opportunity to trade in a simple yet successful way.

They offer a very wide variety of features of which all are designed to make trading simpler and easier. We decided it was about time to take a closer look at this popular web broker.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Software: Tradologic
Max Returns: 83%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $10
Maximum Investment: $2500
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. USA

  • It is a site with a very user-friendly platform
  • Regulated by the reputable CySEC
  • Keeps trading simplistic
  • Return on Investments as high as 83%
  • Mobile trading app
  • Generous bonuses offered
  • Excellent customer service
  • No demo account

7 Binary Options Rating:

ZoomTrader Special Features

Why is this broker considered trustworthy? The answer to that is because it follows the strict regulatory guidelines of CySEC, which is one of the most trusting seals of approval in the binary options trading industry. In order to use their name a web broker must adhere to strict rules about maintaining customers account funds in secure accounts and having a certain percentage of their overall funds insured. Trading on a site regulated by CySEC should give any binary options trader a lot of peace of mind that all the trading and transactions they do with that regulated broker will be fair and secure.

There are many bonus opportunities that ZoomTrader gives to those who sign up to trade with them. It all starts with a generous signup bonus that is unique to each account level.

Take a look at the various account levels with ZoomTrader.

  1. ZoomTrader Bronze Account – This account level is attained by making an initial deposit of $500 – $1999. It entitles this level account holder to a 50% bonus, 1 trading strategy and introductory binary option trading video courses.
  2. ZoomTrader Silver Account – This account level is attained by making an initial deposit of $2000 – $4999. It entitles this level account holder to a 75% bonus, free trading webinars, 2 trading strategies, market reviews and introductory binary option trading video courses.
  3. ZoomTrader Gold Account – This account level is attained by making an initial deposit of $5000 – $19,999. It entitles this level account holder to a 100% bonus, free trading webinars, 3 trading strategies, 2 risk free trades, same day withdrawals, market reviews, increased return on investment and introductory binary options trading video courses.
  4. ZoomTraderPlatinum Account – This account level is attained by making an initial deposit of $20,000 – $50,000. It entitles this level account holder to a 100% bonus, free trading webinars, 5 trading strategies, 2 risk free trades, same day withdrawals, market reviews, assignment to a dedicated account manager, increased return on investment, one on one trading sessions and advanced binary options trading video courses.

Additionally, every level account holder receives a complimentary binary option trading eBook and the weekly ZoomTrader market review. We thought the bonus trading requirements were on the high side and think something more fair could be worked out here.

ZoomTrader Trading Platform

This web broker’s platform has been designed using software provided by Tradologic. It is a platform that is innovative and includes a lot of platform features that are not seen on website’s that are not designed using this company’s software.

For starters an investor can choose between three different viewing modes when placing trades. They can choose between using multiple views, single view or even a simplistic classic view.

As far as trading assets go a user can select between commodities, indices, stocks and currencies. These can be traded with such option choices as:

  • High/Low options
  • One Touch options
  • Boundary options

Expiration times include such popular choices as:

  • 60 second options
  • 2 minute options
  • 5 minute options
  • 15 minute options
  • 30 minute options
  • 1 hour options

There are also long term option choices such as

  • End of the Day
  • End of the Week

For more fundamental traders they have End of the Month options too.

There are also handy in trade features such as Close now and Extend now available during a trade.

All this is rounded out by the fact that ZoomTrader also offers those that trade with them a convenient mobile trading app. The app is compatible with most smart phones and other smart devices. It is a great way for those investors who are constantly on the go to keep up with the markets and place trades anywhere they can establish an internet connection to run the app.

ZoomTrader Customer Support

There is a nice variety of customer support options offered by this web broker; they include live chat, phone contact and email support. There is also a very detailed fax section that any customer can refer to. Support is offered in such languages as

During our ZoomTrader review we found that ZoomTrader provides a great customer support to its clients via live chat, phone lines and e-mails. There is also FAQ section, so it is very easy to get answers to your questions. Support is offered on several languages such as:

  • English
  • Spanish
  • German
  • Italian
  • French
  • Swedish
  • Dutch
  • Japanese
  • Russian
  • Arabic
  • Turkish
  • Portuguese
  • Korean
  • Chinese

Screenshot

ZoomTrader Banking

As was mentioned in the highlights of this website it is an ultra-secure and trustworthy site to trade on. It secures the transactions done on it with sophisticated 128 bit SSL encryption. The site also strictly follows ant-money laundering laws and allows those who sign up with them to use a variety of methods to make their initial deposit.

Withdrawals are not processed until your identity has been confirmed and account verification is something ZoomTrader takes very seriously. The minimum withdrawal amount is $200 as in Binary Option Robot which we feel is a little too high compared to what other web brokers are doing.

If you request a withdrawal ZoomTrader you will have to provide account verification before any funds are released.

Our Final Thoughts

This is not the greatest binary options trading site we have reviewed but it is also far from the worst. As we stated previously they like to keep things simple and that is exactly what you get here; a simplistic trading platform and a few nice trading tools thrown in that should go a long way toward helping you be a successful binary options trader with them. We don’t see any concrete reason why you or any of our other readers should not give them a try.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Italian, Swedish, Russian, Dutch, Japanese, Arabic, Korean, Turkish, Portuguese, Chinese
Trading Options: High / Low, One Touch, Option Builder, Meta Charts, Ladder Options
Early close: No
Expiry Times: High / Low, One Touch, Boundary, Touch Options
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Diners Club, JCB, WebMoney
Withdrawal Time: 1 – 2 day
Demo account: No

ZoomTrader Articles:

7 Binary Options review: ZoomTrader : 4,5 stars.

Weekly review

The FTSE 100 ended the week down 9.84 points at 7,622.40.

Equity view

British American Tobacco has welcomed the US Food and Drug Administration’s new guidance on vaping products.

Fashion retailer Next raised full year profit guidance as a colder November and improved stock availability provided a boost for sales over the Christmas period.

Bovis Homes Group has completed the acquisition of Galliford Try’s Linden Homes and Partnerships & Regeneration businesses, it confirmed on Friday.

Artificial intelligence-enabled kidney disease clinical diagnostics technology company Renalytix AI announced on Friday that the United States national price for its ‘KidneyIntelX’ product, set by the Centers for Medicare and Medicaid Services (CMS), became effective on 1 January.

Financial technology-focussed investment company Augmentum Fintech has made a £7.5m investment into UK-based digital bookkeeping platform provider Receipt Bank, it announced on Friday.

Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.

Building materials firm CRH appointed Richie Boucher to the role of chairman on Thursday, taking over from former chair Nicky Hartery.

Tullow Oil said its Carapa-1 exploration well offshore Guyana had discovered oil, although lower than pre-drilling estimates.

Restaurant owner and operator Tasty said on Thursday that it was on track to meet market expectations for the year as it announced the disposal of its More London site for £2m in cash.

Intellectual property-based business developer IP Group said on Thursday that its portfolio company Oxford Nanopore Technologies has raised £29.3m of new capital, and facilitated the secondary sale of £80.2m of shares, for an aggregate investment of £109.5 million.

CLS Holdings announced the sale of a portfolio of 19 regional offices in the UK for an aggregate cash consideration of £65m to Singaporean investment firm Elite Capital Partners on Monday.

Mobile commerce company Bango updated the market on its expected financial performance for the 2020 financial year on Tuesday, reporting that end user spend for the year was expected to be around £1.1bn, continuing its five-year trend of doubling growth in that measure each year.

Urban Exposure updated the market on its lending on Tuesday, reporting that it had completed new committed lending of £498m during the year ending 31 December.

Petrofac announced a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO) on Tuesday, with a combined value of around $130m.

Arc Minerals has entered into definitive agreements with a consortium of French and Swedish institutional and high net worth investors, it announced on Tuesday, to raise approximately $1.7m through the issue of unsecured convertible loan notes.

AstraZeneca announced on Monday, alongside its partner MSD, that ‘Lynparza’, or olaparib, has been approved in the United States for the maintenance treatment of adult patients with deleterious or suspected deleterious germline BRCA-mutated (gBRCAm) metastatic pancreatic adenocarcinoma, or pancreatic cancer, whose disease had not progressed on at least 16 weeks of a first-line platinum-based chemotherapy regimen.

Rio Tinto has started the process of resuming operations at Richards Bay Minerals (RBM) in South Africa, it announced on Monday.

Countrywide confirmed on Monday that its share consolidation had now become effective.

Radio frequency networks provider Cyanconnode received an order for 33,000 units from its distributor and technology partner in Thailand on Monday.

Focusrite confirmed on Monday that it has drawn down its new loan, and completed the acquisition of Martin Audio and associated companies.

Economic news

Annual UK house price growth topped 1% in December for the first time in 12 months, according to a survey by Nationwide, as a healthy labour market helped to offset economic uncertainty.

Government gas and electricity market regulator Ofgem has ordered firms pay £10.5m as a result of the power cuts of 9 August that impacted more than one million consumers.

UK manufacturing output fell in December at its fastest pace in almost seven-and-a-half years, according to data released on Thursday.

Train operating company Northern was faced with its most serious threat yet from Westminster on Thursday – that it could lose its franchise.

UK bakery chain Greggs has launched its new vegan steak bake in a move to expand its meat-free range.

The Treasury has announced the largest ever cash increase in the National Living Wage as the government moves to deliver on its promise to raise living standards as the UK exits the European Union.

The UK’s ambitious plans to develop a next generation stealth fighter jet will be sped up next year as the firms involved step up their recruitment efforts.

Bank of England governor Mark Carney said all companies and financial institutions must justify their investment in fossil fuels and advised firms to cut down on them as assets in the sector could end up “worthless”.

Optimism among small UK businesses plumbed an eight-year low in 2020 in the fourth quarter with Brexit, political uncertainty and slow growth all taking their toll, revealed a study on Monday.

UK high streets lost over 140,000 jobs in 2020 amid mass store closings among retailers, revealed the latest study from the Centre for Retail Research.

International events

Oil prices spiked to their highest level in four months on Friday after the US assassinated Iranian military commander General Qasem Soleimani.

The number of people out of work in Germany rose more than expected in December, according to figures released by Destatis on Friday, but the unemployment rate was steady.

Former Renault-Nissan chairman Carlos Ghosn is set to talk to Beirut media next Wednesday to give his account of how he managed to flee Japan just months before he was set to stand trial on charges of financial misconduct.

Activity levels in the single currency bloc’s manufacturing sector hit seven year-lows at the tail-end of 2020, with output falling at its fastest pace since 2020, although the slowdown was not quite as bad as initially feared, revised data showed.

China’s central bank said on Wednesday that it will cut the required reserve ratio for commercial lenders by 50 basis points from 6 January to help bolster the slowing economy.

Beijing has temporarily suspended the Shanghai-London Stock Connect due to the tensions with Westminster over the situation in Hong Kong.

China’s manufacturing sector continued to expand at a steady pace at the end of 2020 with a gauge linked to new export orders revealing the first signs of growth since mid-2020.

A closely-followed lead indicator for activity in the US housing sector picked up more slowly than anticipated last month.

A slump in factory sector activity around the Chicago area eased more than expected at the end of the year, the results of a closely-followed survey revealed.

A top Chinese diplomat said Beijing would honour its commitments under the phase one trade deal that was soon to be signed between Beijing and Washington, even as he criticised talk of a new Cold War as “very irresponsible”.

24Option Review

Review

24option is a market-making spot Forex and CFD broker located in Limassol, Cyprus and regulated by CySec. 24option opened its doors to traders in 2020 and for several years was in the forefront of binary options trading. They decided in 2020 to expand by moving away from binary options, and now offer trading in spot Forex and CFDs only. The CFDs on offer cover a wide range, from popular individual international stocks to commodities such as metals, energies and softs, as well as equity indices. They also offer a good, wide selection of Forex currency pairs.

Accounts

There are five different account types to choose from at 24option: Basic, Silver, Gold, Platinum, and Diamond. The Basic account requires a minimum deposit of $100 and allows trading with floating spreads from 3 pips on EUR/USD. Other account types require increasingly higher minimum deposits, as you move up the ladder of the better terms which are offered. The Standard account is the same deal as the Basic Account, but also offers trading alerts and a personal coach. The Gold account is the same deal as the Silver account, except spreads are offered from 2 pips on EUR/USD. The Platinum account has several edges over the Gold account: lower spreads (as low as 1.5 pips on the EUR/USD currency pair), no withdrawal fees, access to the research website, and a live training session. Finally, the deluxe Diamond account, in addition to the full offering of the Gold account, offers clients free tickets to a top European football team and a customized trading platform.

The different accounts are easy to understand and are transparent. The major differentials between accounts are varying average spreads.

A demo account is available, as is typical with nearly all spot Forex and CFD brokers.

A wide range of over 50 Forex currency pairs, 89 individual leading global shares from American and European stock markets, over 11 leading equity market indices, spot metals (gold and silver) plus several other commodities such as crude oil and a few softs such as coffee and sugar, and one of the widest range of cryptocurrencies that we have seen, are offered for trading by 24option.

Features

A wide choice of tradeable instruments is offered, as well as a choice of two trading platforms: the perennially popular MetaTrader 4 or the broker’s proprietary web-based platform.

Education

24option provide a range of educational material. They host live trading webinars, offer free “learn how to trade” eBooks, as well as a free detailed daily market report. There are a range of recorded webinars designed specifically to help trading beginners, which can be viewed at leisure. There are additional levels of webinars aimed at providing detailed trading strategies and ideas suitable for intermediate and advanced level traders.

Bonuses and Promotions

Although the offering of bonuses and promotions has been restricted for brokers based in Cyprus by CySec regulation, there are currently two legacy promotions which are offered by 24option. Anyone signing up as a new client and downloading the mobile app received a one-off tradeable bonus of $24. Additionally, discretionary cash bonuses may be paid from time to time to particularly active or otherwise valuable clients.

Deposits/Withdrawals

Depositing funds into a 24option account is an easy and secure process. Deposits may be made using a range of methods, including credit cards, bank wire transfer, and Skrill. Withdrawals can be made to credit cards, or by wire transfer.

Customer Support

Customer support is based in Cyprus. Clients can contact a 24option representative by telephone during business hours, and can use email anytime of the day. There is also a direct chat service available through their website.

Conclusion

24option have transitioned away from binary options into an offering for traders looking for the ability to trade a very wide selection of assets, including stocks, cryptocurrencies, metals, stock indices, and commodities.

Features

In terms of features, the stand-out strengths of this broker’s offerings are:

  • A wide range of instruments available for trading: all the major and minor Forex currency pairs, as well as several exotics; also, a good range of global equity indices, plus several commodities, and an extremely wide selection of stocks and shares offered on leading global equity markets. There is also an especially wide selection of cryptocurrencies offered.
  • An option to trade with the most popular trading platform in the industry, MetaTrader 4
  • Regulated by a major industry center (Cyprus).
  • An extensive provision of free educational materials and daily market analysis and commentary across all markets.

Company Information

  • Broker’s Name : 24Option
  • Headquarter : Cyprus
  • Regulation : CySEC

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Gain : 89%
  • Minimum Position : $24
  • Account 1 : Basic
  • Account 2 : Silver
  • Account 3 : Gold
  • Account 4 : Platinum
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Mac
  • Windows
  • Linux
  • Mobile
  • Web
  • iPhone
  • iPad
  • Trading Signals :
  • Charting Package :
  • Automated Trading :
  • Market Analysis :
  • Chart Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Platforms

    MetaTrader4

    The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.

    In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

    Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

    With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

    MetaTrader Mobile

    The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.

    Web Client Platform

    24option offer as an alternative to MetaTrader 4 their own proprietary web client platform. It is entirely web based. Although such platforms can be prone to glitches and freezing, we find it seems to work very smoothly. It is intuitive and easy to use, yet there is no doubt it has less features than MetaTrader 4, so many traders will prefer that option.

    24option App

    Every second counts! The app can ensure you never get caught short (pun intended) when the market starts moving at an awkward time, as it so often does. Using the 24option app, you can enjoy the full functionality of 24option’s offering at any time, in any place you are with a smartphone.

    General Information

    Company Information

    • Broker’s Name : 24Option
    • Headquarter : Cyprus
    • Regulation : CySEC

    Account Information

    • Type of Broker : Market Maker
    • U.S. Clients Allowed :
    • Minimum Deposit : $100
    • Maximum Leverage : 1:200
    • Account 1 : Basic
    • Account 2 : Silver
    • Account 3 : Gold
    • Account 4 : Platinum
    • Demo Account :
    • Islamic Account :
    • Segregated Account :
    • Managed Accounts :
    • Institutional Accounts :
    • Deposit Options :
    • Withdrawal Options :

    Instruments Traded

    • ETFs :
    • CFDs :
    • Commodities :
    • Metals :
    • Stocks :
    • Oil :
    • Gold :
    • Binary Options :
    • Indices :

    Trading Platforms

    • Type of Platform : MetaTrader 4
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Japanese
      • Chinese
      • Russian
      • Portuguese
      • Dutch
      • Greek
      • Malay
      • Thai
      • Bahasa
      • Swedish
      • Polish
      • Hungarian
      • Other

      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
    • Spanish
    • Arabic
    • Russian
  • Support Hours : 9/5
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • Wide Range of Assets
    • Cryptocurrencies
    • High Spreads
    • Insufficient Info About Account Types

    24option Crypto

    There are many Forex brokers that offer cryptocurrency trading, but few are as comprehensive as the 24option crypto currency offerings. 24option prides itself on its wide asset offerings, and its cryptocurrency offerings are no different. The brokerage offers CFD trading for the five top cryptocurrencies, including bitcoin, bitcoin cash, litecoin and Ethereum.

    24option offers traders educational resources for trading CFDs and the strategies are valid for trading cryptocurrency CFDs as well as others. Among the recommendations the broker makes is to focus on a limited number of markets so as to sharpen your trading strategy and make sure it’s both profitable and relevant to the CFD (or, in this case, the cryptocurrency CFD) you wish to trade. Practice your trading strategy consistently on the same assets, and hopefully you’ll see the desired results.

    Another suggestion made by 24option which is relevant both to bitcoin trading and trading of other digital currencies is to create a solid trading plan before getting started. Though many cryptocurrency traders are eager to jump on the bandwagon without an actual trading plan because they ‘have a feeling’ that the market is going to go up or down, or are sharing in the crypto craze that is taking the world by storm. However, this type of overzealous action can be extremely dangerous, especially as cryptocurrencies tend to fluctuate wildly, even without specific market triggers. Taking time to make a strategy-based trading plan will ensure that you don’t trade emotionally, but make intelligent, thoughtful decisions that will bring long-term profits.

    The minimum deposit for 24option bitcoin trading is $250, and the minimum withdrawal amount is $10. Deposits can be made in USD, GBP, JPY, EUR and RUB. Your trading currency cannot be change once it is set, so choose your deposit currency carefully. Some traders have noted that only one withdrawal can be made per month with 24option (bitcoin trading and regular trading), so consider this limitation when making your withdrawal. However, we don’t see this as a serious drawback, as 24option is a regulated brokerage that offers reliable cryptocurrency trading.

    User Reviews

    Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

    Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

    Best Binary Options Brokers 2020:
    • BINARIUM
      BINARIUM

      Top Binary Options Broker 2020!
      Best For Beginners!
      Free Trading Education!
      Free Demo Account!
      Get Your Sign-Up Bonus Now:

    • BINOMO
      BINOMO

      Only For Experienced Traders.

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