Is ZTrader a Scam? Honest Review!

ZTrader is promoted as the most profitable cryptocurrency trading bot.

Hosted at z-trader.com, ZTrader is an automated trading robot for bitcoin and cryptocurrency.

Recently created a little over a month ago, the aim of this unbiased review is to help you determine whether ZTrader is a scam or a profitable trading solution.

ZTrader Review

ZTrader.com is structured as an online trading platform that supports an automated trading solution capable of investing the cryptocurrency markets.

According to their site, ZTrader employs algorithms in addition to various technical indicators to generate day trading signals.

The minimum starting trading capital required is 0.03 BTC while their minimum withdrawal amount is 0.01 BTC.

Only deposits made via bitcoin are accepted by ZTrader operators while their platform implies that their daily profit return is 4% while their winning rate is approximately 86%.

How does ZTrader Work?

Cryptocurrency investors who have an account with BitFinex, Binance, Bittrex, Poloniex or KuCoin are able to register with the ZTrader, or vice versa.

When registering with the platform, prospective investors can choose from the following investment plans:

Demo Account

  • Free for 7 days
  • Trial demo of 0.1 BTC
  • Allegedly real-time prices

Starter Plan

  • 0.75% fee per trade
  • 10% bonus on first deposit
  • Does not exchange API account info
  • Deposits, withdrawals and 365 support

License Plan

  • .025 BTC deposit
  • 12 month active plan
  • No trading fees for 12 months
  • Exchanges API for increase security

Depending upon which investment plan an investor enrolls with will dictate the structure of their account with ZTrader. Regardless, investors who deposit with either the Starter or License plan must deposit a minimum of 0.03 BTC to ZTrader through one of their supported exchanges.

Once your account is activated, an investor can set their trading parameters while the software allegedly performs the rest of the work through the application of algorithms and technical indicators.

Which sort of trading algorithms or investment approaches are employed by ZTrader we are uncertain since no definitive explanation is shared on their site.

ZTrader Features

ZTrader is an online auto trading software that is compatible with a few notorious cryptocurrency exchanges.

As with most cryptocurrency trading solutions, day traders are able to invest on a 24 hours a day basis since many trading platforms support over-the-counter options.

The features integrated into the software would be a support tab which can be used to connect with ZTrader operators, although we are uncertain of how reliable it is.

ZTrader Indicators

ZTrader supposedly employs an algorithm used in combination with the following technical analysis based indicators:

  • Aroon
  • Momentum
  • Awesome Oscillator
  • Money Flow Index
  • Bollinger Bands
  • MACD
  • Candle Patterns
  • On Balance Volume
  • Commodity Channel Index
  • Parabolic SAR
  • Detrended Price Oscillator
  • Rate of Change
  • Directional Movement Index
  • Relative Strength Index
  • Exponential Moving Average
  • Simply Moving Average
  • Fast Stochastic Oscillator
  • Slow Stochastic Oscillator
  • Fibonacci Lvels
  • Weighted Moving Average
  • Ichimoki Clouds
  • Williams Percent Range

Whether or not ZTrader waits for certain market conditions to employ specific technical indicators we are uncertain since no signal functionality is disclosed on their domain.

ZTrader Pricing

ZTrader requires a minimum deposit of 0.03 Bitcoin in order to participate with their platform and use their automated trading bot.

In order to request a withdrawal day traders must have a minimum balance of 0.01 BTC, although no history of investors withdrawing funds have been successfully reported.

The demo account featured at ZTrader is free of charge to use for 7 business days although after your access to their demo account will be discontinued.

According to consumer reports, the demo account is not the most accurate and tends to conflicting market entry rates.

Is ZTrader a Scam?

Given the lack of ownership and operational information pertaining to ZTrader we feel inclined to believe that their platform is not legitimate and is likely a scam.

Providing zero transparency regarding their ownership information, the site discloses zero corporate details while their Terms & Conditions imply that Z-Trader.com is acting on its own accord.

Furthermore, Z-Trader.com does not appear to be registered with any regulatory agencies which means their investment platform is unregulated and likely unlicensed, both of which are red flags in the day trading industry.

Another discrepancy we found relating to their platform would be how they provide minimum contact details. No reference to a support telephone number, email address, physical office address or even a live chat is offered on their site.

The only way to touch base with ZTrader operators would be through their Contact Us submission form, where we believe you will find it unlikely that you’ll receive a reply.

ZTrader Review Conclusion

ZTrader is not a licensed or regulated cryptocurrency investment platform which significantly lacks creditability.

Failing to provide transparent ownership information along with a thorough explanation in regards to how their automated trading bot actually generates trading signals are discrepancies we cannot overlook.

When it comes to day trading online, make sure to only invest with verified and vetted trading solutions such as the Calloway Software – $3,000 Per Week.

Review Verdict: ZTrader cannot be Trusted!

Blacklisted Site: Z-Trader.com

We encourage you to share any feedback or insight you may have by sharing a comment below!

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