- The trading platform lacks credibility
- Only a few assets available
- Low pay-out
- Early Closure is not offered to the traders
- Bonus not offered
- Signals are not provided to the trader
- Auto trading not available
- Withdrawal timeframe is long
- Demo not provided
ZeusOption emerged in 2016, and it is not a licensed broker. It makes use of the SpotOption technology for trading binary options. It offers high/low, turbo, ladder, one touch, pairs, long-term, barrier and FX/CFD trading.
Well, after doing in-depth research we realized that ZeusOption is not regulated. Remember if a trading platform is not regulated, then this means that the platform does not stand accountable in front of a financial institution.
We were eager to explore the offerings of ZeusOption and were quite disappointed to know that it just offers about 57 trading assets. This figure is quite low in comparison to the reputed trading platforms that offer a huge number of assets.
The payout ration of ZeusOption is also quite low. They offer a return of about 77%, and this is not an impressive figure by any means.
Trading is a risky business, and there are times when you feel that the market is volatile and you are eager to close your trade. Well, ZeusOption does not offer the Early Closure option, and this is quite discouraging for a trader who invests in this platform.
This means that the platform does not make use of a risk mitigation strategy.
The bonuses are also a major incentive for the traders. However, the trader is in for some unpleasant surprise. The reason is that ZeusOption does not offer any bonuses. They do not offer a welcome or no deposit bonus.
Most traders rely on signals because initially they are inexperienced and need additional insight. However, ZeusOption lets the trader down and does not offer any signals. This is why a new trader might be a bit skeptical to trade using this platform.
ZeusOption does not offer auto trading, and this is also a big setback. There are times when the trader is new to trading, and he wants to initiate his trading career with auto trading. Most reputed trading brokers offer this facility, but it is not available in case of ZeusOption.
The withdrawal also takes a long time, and it may take about seven days to withdraw funds from ZeusOption.
If you think you will get a chance to try out your trading strategies using the demo account, then this will not be the case because ZeusOption does not offer a demo account. Now, this also questions the reliability of the platform because all reputed platforms make it a point to offer a demo.
If you do not want your hard earned deposit to go waste, then avoid ZeusOption by all means. Go for a broker that offers more transparency and does not deprive you of your basic right that is the demo account.
The truth is that ZeusOption does not offer a promising trading career so you should not try it out.