A lot of brokers offer high-quality binary trading but ZoneOptions is certainly not one of them. Let’s make a brief summary of what we do not like in ZoneOptions broker.
- Limited pool of account currencies
- Lack of reputable regulation
- No trial period for a demo account
- Some features are not working properly
- Poor customer support
- Charges for each withdrawal
Now we would like to get straight to our ZoneOptions review.
ZoneOptions Scam Account Registration
The registration process seems to be rather quick and the broker does not ask to upload the documents for account verification. Instead it wants you to make the deposit as soon as possible.
Like we said in the beginning, the number of currencies is pretty limited – only 3. They include USD, EUR and GBP. Types of live accounts that you can open are Beginner, Advanced, Professional and VIP. As the part of a welcome promotion, for each account a ZoneOptions bonus is issued.
A demo account can be obtained only after live account registration. A disappointing fact is that ZoneOptions does not offer a free trial for the demo. Hence, there is no risk-free way to test the services and the platform.lign: justify;”>Regulation is the way to protect the interests of clients.
ZoneOptions Scam Regulation Review
Although ZoneOptions is regulated by CySEC, this license is no longer a benchmark for the binary trading industry. When preparing our ZoneOptions.com review, we have discovered that the broker claims to be also regulated by MiFID and CNMV. However, this is not true at all. These institutions have never issued any license to ZoneOptions.
There are not so many binary options products offered at this website, as most ZoneOptions reviews would admit.
- Binary options
- Long Term
- 60 Seconds
- One- touch
These trading types can be accessed through TechFin platform. It is possible to trade more than 100 assets, e.g. currencies, commodities, indices and stocks.
ZoneOptions scam also offers daily market analysis and trading tools. However, these features are most of the time disabled. When you try to open the daily analysis section, you will be thrown to the main page.
The quality of customer support at this binary broker is poor. Whenever you try to contact the support agents, they either answer with a delay or ignore the message at all. Since no live chat is offered on the website, you can only use email, WhatsApp or phone. The support speaks only English and Spanish.
ZoneOptions Opinion: Funds Withdrawal
The minimum deposit requirement is $250. It is possible to use the following transfer methods: Credit/Debit cards, Wire Transfers and E-Wallets. Although you are not charged for the deposits, the broker will always require you to pay the 10$ commission for funds withdrawal.