Zentrader review and ratings

Established 2019
Location Saint Vincent and the Grenadines
Regulation None
Offices Kingstown
Broker type Binary
Leverage up to ---
Deposit from 50 USD
Spreads ---  ---
Platforms Web Binary Platform
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Bitcoin

Company information

Zentrader is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Availability

Zentrader accepts clients from all over the world, excluding USA, Australia, China, Hong Kong, Estonia, Russia, Israel, Iran, North Korea, Palestine, Sudan, Syria.

Distinctive features

Trading instruments

Binary options broker offers the following underlying assets for trading.

15+ Currency Pairs Based on major world currencies.
5 Crypto BOs Based on Bitcoin, Ethereum, Litecoin.
4 Indice BOs Based on baskets of different blue-chip stocks.
1 Metal BO Based on Gold.
1 Energy BO Based on Crude Oil (WTI).
4 Stock BOs Based on shares of US companies.

Comprehensive review

Registered in the well-known offshore haven Saint Vincent and the Grenadines, Zentrader is a classic binary options broker that offers trading on a range of interesting underlying assets. The broker uses a proprietary and web-based binary options trading platform, which feels straightforward enough even for beginners to learn in a short time.

An obvious issue with nearly all binary options brokers these days is the lack of regulatory oversight of these companies, and Zentrader is no exception. Since regulators in both the EU and Australia have issued so-called product intervention orders that effectively banned dealing in binary options, brokers there involved with these types of instruments have been forced to either shut down or move offshore.

As a result of this crackdown, binary options brokers today are generally unregulated by governments. Traders interested in binary options trading should therefore know that using these brokers comes with certain risks, and this is also true for Zentrader. However, being offshore also comes with certain benefits, which with Zentrader include opportunities to earn bonuses, rewards, and various cashbacks.

As a pure binary options broker, Zentrader does not offer any traditional CFDs or forex pairs for trading. Instead, binary options are available for many popular tradable assets, including a selection of forex pairs, cryptocurrencies, a few commodities, major stock indices, and stocks of the US-listed companies Apple, Amazon, Google, and Tesla.

All trading with Zentrader happens on the broker’s own binary trading platform. Like many modern platforms, it is entirely web-based with no need to download any software. The platform is also free to use, and can be used on mobile devices as well as on computers.

An important thing to note about Zentrader is that it offers what essentially is two different types of binary options. The first is known as the Classic Trade type, which operates on a fixed schedule where trades are opened and closed at specific times throughout the day. The time-frames for this type of binary option on Zentrader is 15 min, 30 min, 60 min, 2 hr and 4 hr, and the pay-out is up to 190%.

The second type of binary option contract is the On-Demand type, which comes with shorter time-frames of 30 sec, 60 sec, 3 min and 5 min. For this type of contract, the timer doesn’t start on a specified time of the day, but instead from the moment the trader enters into the trade. Also good to know is that the On-Demand type comes with a higher pay-out of up to 195%.

Once a trading account has been opened, Zentrader allows it to be funded via either a bank wire transfer, credit & debit cards, or directly with bitcoin without going through third-party payment processors. It’s also great to see that all of these payment methods are accepted free of charge for both deposits and withdrawals.

As far as customer support goes, Zentrader has listed local phone numbers in the UK, Malaysia, and Japan for their clients to use, with support offered in the respective local languages. The broker further says it offers support on these numbers 24 hours a day on all trading days, in addition to during Asian working hours on Saturdays and Sundays. As usual, live chat and email support is also available during the same hours.

All in all, it’s clear that Zentrader is among the leading binary options brokers that are left today, after regulators in one country after another have shut the industry down. For traders that are interested in trading this type of product, going with an offshore and often unregulated broker therefore remains as one of the only choices available. In this regard, we believe Zentrader will be a broker many traders are taking an interest in.

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