ZenTrade Review

The Zentrader brand came into the market in 2019 as a new binary options trading platform. The platform lists FX pairs, cryptos, indices, energies, metals and stocks as the assets on which call/put options can be traded. The brand allows traders to make deposits with fiat and cryptos, a fact that has increased the appeal of this broker since it launched its platform.

I. Background and Company Overview of Zentrader

Zentrader operates a market-making system which allows it to act as counterparty to trades. Trading of digital options is unleveraged and traders cannot lose more than their investment amount, which is an advantage over leveraged markets without guaranteed stop protection.

Some of the features that continue to attract traders to Zentrader are:

• The digital options product has a trade type with a 200% payout potential.
• A $50 cashback bonus for all new traders is available on Zentrader. This cashback is paid to the trader's live account.
• Trades on Zentrader are commission-free.

II. Trading Platforms and Tools

Traders can access the digital options market using the Zentrader proprietary platform. This platform is available as a web-based application and a mobile application specifically for Android OS device users. A desktop application is in the works and will be ready for release soon. The desktop app will serve Windows and Mac OS users when it comes on stream.

The following tools are available on Zentrader to enhance the trading experience of the firm's clients:

• A set of video tutorials are available on Zentrader, explaining various processes involved in digital options trading.
• An in-house economic calendar is featured for traders who use the news to trade. c) There is an online Help Centre containing resources which provide guidance if at any time the trader seeks answers to commonly-asked questions.

III. Account Types and Spreads

Zentrader offers only one account for market access to your favourite assets. Apart from this live account, there is a demo account which allows users to practise trades in a free and unlimited environment.

Two types of trading are offered on the Zentrader accounts: Classic and On-Demand. These names are derived from the times in which trading is available. Trading on Zentrader is based on the High/Low trade type.

The Zentrader Classic trade type carries a 190% payout and can be traded on the 15-minute, 30-minute, 60-minute. 2-hour and 4-hour time frames. Assets offered are FX pairs, commodities, stocks and indices.

The Zentrader On-Demand trade type carries a potential payout that maxes out at 200%, but is done on short-term time frames such as the 30 seconds, 60 seconds, 3-minute and 5-minute time frames. The only asset class available for this trade type are FX pairs.

IV. Contract Specifications

Here are the contract specifications on Zentrader:

• Accounts are denominated in three base currencies: US Dollar, Indonesian Rupee and Japanese Yen.
• The minimum trade size is $5 (equivalent to 500 JPY and 50,000 IDR).
• Markets are open 24 hours a day, 7 days a week.
• The maximum trade size is $1,000 (equivalent to 100,000 JPY or 10,000,000 IDR).
• Traders can hold a maximum of $10,000 in positions per trade type.
• Maximum exposure per account is $25,000.
• The minimum deposit on Zentrader is $10.

V. Security and Regulation

The Zentrader brand is owned and operated by the ZTM Group. This company operates out of St. Vincent & Grenadines. The official government regulator on this island nation does not oversee the forex or digital options market, hence there is no official licence for the company's operations.

Residents and citizens of countries where digital options trading is prohibited are not allowed to open or operate accounts on Zentrader. These include the United States of America, Canada, Japan, Belgium, France, Israel and much of Europe.

VI. Customer Support and Education

Zentrader's customer support desk is available 24 hours a day, five days a week in English, Japanese and Indonesian. Here are the available channels for all entities.

• Online contact form
• Live chat
• WhatsApp: wa.me/6584455433
• Phone: +6531296336
• LINE app: lin.ee/zZTQnKS
• Telegram: t.me/zentraderglobal
• Facebook: facebook.com/zentraderglobal
• Twitter: twitter.com/zentraderglobal
• Tiktok channel: tiktok.com/@zentraderglobal

Conclusion

The ability to fund accounts and withdraw using BTC is an advantage for those who prefer semi-anonymous transaction processes that do not involve the use of sensitive card details. Zentrader also offers an extensive customer support suite which ensures that if you open an account, you will get guidance as you trade along.