Opinion about ZoneOptions

IMPORTANT: Trading with binary options has recently been banned. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

In this article we will answer the question: Is it ZoneOptions a scam? To do this, we must take into account a number of security factors that affect users. In this case and taking into account all that has been said, the platform we are dealing with it's not a scam . Read our reasons below.

In addition, we offer you a complete review with our opinion about the platform , where you can find out what investment offer it has, how its customer service works, and much more. And if you want to know other brokers before investing, do not forget to visit our selection with the best binary options brokers .

Our experience with ZoneOptions

After trying ZoneOptions we can say that he has left us a positive opinion as a possibility to invest in binary options. Regarding security we will extend more in the following section and in which we offer you the regulations to which it adheres, but as a summary, we can anticipate that it is not a scam, but a serious company, registered in Cyprus and in the financial authority of this country, commonly known as CySEC, and also in the CNMV.

As for their investment offer and comparing it with the offer of the rest of the brokers, we can say that it is acceptable. On the platform you will find more than 200 assets , which will allow you to diversify investment risks by economic sectors and also geographically. The customer service is available in New Zealand and if we have to put some but to the broker is that the welcome bonus for low income is not too generous. Something that is always appreciated when it happens, but that if you are considering investing seriously it should not be your main decision factor.

ZoneOptions: Is it a scam?

We are fully convinced that on this occasion the broker that we analyze in this review it is safe and legit . On many occasions, accusations of fraud by users come from welcome bonuses. This is very common in all brokers. Users who think they can withdraw money, suddenly find out that their balance only corresponds to non-withdrawable bonus money. So we recommend that you read well our section on the bonus of this broker, which you will find below in this same article. In any case, the truth is that this platform has no accusations of fraud, not even in the great world of false accusations that is the internet. But logically this is not our reason to say that it is not a fraud, but simply one more sample of the fact itself.

The first thing an investor should ask himself before putting his money on a website, is which company is behind such a page. In this case it is about Spot Capital Markets Ltd registered in Cyprus in the CySEC with the number 299846 and the license number 210/13 . Its headquarters is located at the physical address 319 28th October Street, Kanika Business Centre - 3105 LIMASSOL (Cyprus). It also has branches in the United Kingdom, at 71 - 75 Shelton Street, Covent Garden, WC2H 9JQ London, and Hungary at the address 1119 Budapest, Andor utca 21/ C. It is also worth wondering, what guarantees users that the company is not going to keep their money. First of all, of course the law, although we deal with this in the regulations section. Secondly, even if the company fell into an insolvency situation, the users' funds would be safe. First because they are obliged to keep the customer funds in segregated bank accounts , which implies that the money of individuals is not used to meet the payments and debts of the company. Secondly, because the broker is a member of the Investment Compensation fund of Cyprus (CIF), which would face a payment of up to $ 20,000 for each individual client of the company in case of improper non-payment by the same. For all this, we can say that it is not a scam, but a financial investment platform to trust. But we still invite you to continue reading, in particular, the regulations section.

ZoneOptions offer

The available offer of binary options is what you can expect from a good service. The underlying assets are categorized into pairs of stocks, shares, commodities, indices and currencies. In addition, there is the possibility of operating in a demo account , to better understand all the possibilities and an educational section that without being very deep, will allow you to understand the basics about this type of investment. As a complement, it also has a news section and an economic calendar. From there, the broker offers four different account types . Beginner for deposits of 250$, Advanced (1000$), Professional (5000$) and VIP (10000$). The latter will have an alert service and personalized risk management strategies.

Binary options trading

As we have already mentioned, the diversity of binary options available is solvent, but not spectacular. Below we break it down for you so that you can get a better idea of what you are going to find. Among the stocks on the website, under the securities tab, you will find more than 80 companies including three New Zealand: Telefónica, Banco Santander and Repsol. In the stock pairs , you can opt for 12 different pairs. In the category of currency pairs , the figure rises to 30 and in the de raw materials or commodities to 9. Finally in the category of indexes , you will find more than 30, including the IBEX 35 New Zealand. Regarding the types of binary options. Here you can opt for 60 seconds, long term, which we find especially interesting, because it allows you to benefit from trend analysis of the market, which are more affordable to do for most users, binary options couples, ladder, one touch, with returns that usually range between 72% and 82%.

Demo account

Something we really like in the online brokers it is that you can trade with a demo account, so you can test your strategies before investing real money. This way you can check if that cool idea really was or was just going to make you lose money. What we like less is that to access it you have to make an income, so it's not worth trying the website and investment dynamics itself before entering the money. Although of course if you are not convinced, you could always take it out as we explain in the payment methods section.

Offers and bonuses

The welcome bonus on this platform is progressive. Which means that for an income of $250 will get us a 20% , or what is the same $ 50, for one from $ 1000, 60%, from $ 5000 it will be 75%, and from $10,000 from a 100% .

According to the terms and conditions of the bonus, the amount of the bonus is not withdrawable, but is offered as an increased leverage capacity. This means that, thanks to the bonus, the user will be able to trade more than if he did not have the bonus, but that you will only be able to withdraw the profits derived from it . Surely with an example everything will be clearer. If you deposit $250, they will give you $50, and you can trade with $300. If after trading you had won and you had a total balance of $350, you will be able to withdraw $300, that is, what you entered plus the winnings. If, on the other hand, you had lost $50, now having $250, what you could withdraw is $200. Once you make a cash withdrawal, the broker will withdraw all the bonus amounts. To get the bonus, you must request it within 7 days of your deposit and from then you will have 60 days to use it.

Payment methods

This broker offers the most common payment methods . That is, bank transfer , which may be delayed by 3-5 working days; more than 20 e-wallets, and credit card . The minimum income is $250. A good detail is that for entering money you will not be charged any type of commission regardless of the method you choose. As for withdrawals, you will have to carry out a small verification process. First of all you will have to fill out a form, print it and sign it by hand, to send it to you by email. It will not be difficult at all since the form is in New Zealand. In addition, they will ask you to send them a copy of your identity card or driver's license, front and back, and a copy of a tax invoice or a bank document in which your name and physical address appear. Commissions for withdrawal of money are for everyone 10 $ .

Security and regulations at ZoneOptions

In this section we are going to see what legislations the broker is obliged to follow as a result of being registered with the CySEC. Logically, the first of these is the Cypriot Investment Services and Activities and Regulated Markets of 2007, which obliges financial institutions to comply with certain requirements to avoid conflicts of interest, including among others the obligation to take all possible measures to ensuring the greatest customer benefit when it comes to executing your trading orders. In addition, it is also obliged to comply with the dollarpea Directive on Markets in Financial Instruments (MiFID), which aims to improve the transparency and efficiency of financial markets, promote competition between entities and strengthen investor protection. Among other requirements, all this implies that the broker has to be a member of the Customers of Cyprus Investment Firms (CIFs), as we mentioned in the section where we explained why it is not a scam. In addition, as a nod to New Zealand investors, the broker has also registered with the CNMV since January 9, 2014 with the number 3636 in the section of Investment Services Companies of the New Zealandrpeo in Free Provision.

Customer service

In the customer service section, also meets slack. The service is 24 hours a day, 7 days a week and is also available in New Zealand . In our opinion, this is an important factor to take into account since in everything that has to do with money transactions and investment customer service can save quite distressing moments due to misinformation.

You can contact their customer service by phone at 932 204 208, by WhatsApp at 34 605 512 517 and fax at 34 931 845 625. They also serve users via email and contact form. Although it does not have live chat, it is well covered with the WhatsApp option.

Functionality of the website

To invest, the web offers us an absolutely intuitive interface with two large buy and sell buttons that do not give rise to mistakes. The charts are perhaps too simple, and some analysts might like to have more options. To change the type of option, all you have to do is click on a tab menu. So that in a few seconds you have at your disposal the long-term, one touch or ladder options. Through drop-down menus you can also change the expiration times, the asset to be traded and the amount of the investment. In summary an efficient website , without distractions and with a pleasant design.

ZoneOptions mobile app

We know that one of the great attractions of binary options is the possibility of making money from almost anywhere. It is not for nothing that it is only necessary to have an internet connection. That's why ZoneOptions also has an app for Android and Apple devices .

In the application you will be able to see all the options with a size much more suitable to the screen of a mobile or tablet, although it has an important flaw that is that you cannot see your balance. The truth is that we hope that they will improve it a little soon, because without being a disaster it is not up to the web version.

Finding

ZoneOptions is a legit broker . This is not a scam and this is evidenced by the fact that it is registered with the CySEC. The platform is easy to use, allows investment intuitively and there is no room for confusion. The binary options offer is acceptable, although it could be more complete. Welcome bonuses are interesting, because they allow you to trade more than you could with your initial balance. Customer support is available in New Zealand 24/7. In addition, they have a demo account so that you can test your investment strategies before putting them into practice with real money.