Zen Trader is the name of a new software that deals with binary options trading. It is created by a man who prefers to disguise himself with the nickname of Mr. Zen. This is also where the name of the system is taken from.

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The anonymous man claims to already be wealthy, but accumulates further monetary amounts in order to maintain his luxurious lifestyle by placing a 7% commission on the NET profits of users after the first four months of using the income-generating solution have passed.

The binary options robot supposedly applies a computer algorithm which was specifically designed in order to mimic Mr. Zen’s trading model and compares it with current market news and analyses. It can allegedly also generate binary trading signals.

However, there is no proof that any of this is actually true. There is a very high likelihood that Zen Trader is a dubious scam, so, user should be weary of it. We recommend you to Proceed to Safe Binary Robot OR find a Reliable Robot to trade with form the table below.

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Basic information:

  • Price: Free Sign Up with 7% Earnings Commission
  • Software: Automated Trading System
  • Max Returns: 94%
  • Min Deposit: $250

Pros:

  • Browser-Based

Cons:

  • Requires Internet Connection
  • Not Proven to Work
  • Negative User Feedback
  • Fabricated Testimonials
  • No Special Features

Top10BinaryDemo Verdict

Not Reliable Service

What is ZenTrader System?

According to the statements issued by so-called creator Mr. Zen, the binary options software is fully automated and specifically designed so that it would mimic his very own investment strategy and style. Unfortunately, this could not be verified because he never mentions or describes exactly how do they work.

ZenTrader Software can allegedly generate anywhere between $600,000 to $700,000 in the first 4 months to anyone because of its highly efficient computer codes, but there are no user testimonials present that can prove that this is true.

Objectively speaking, the stated amount of earnings is highly unrealistic and probably just made up. Up until this very moment, there is no binary trading system that is capable of achieving such results.

Interesting Fact:

The fact that ZenTrader System’s algorithm directly mirrors the investments made by supposed creator means that it is a copy or social trading[1] software. The latter has been gaining tremendous popularity during the last year in the binary options sphere.

How Does Zen Trader Operate?

The automated trading software is supposedly free upon initial sign up, but later on requires a 7% commission[2] to be paid to Mr. Zen after the first 4 months have passed. This is not unusual for the industry, but the fee percentage is higher than the normally expected one.

Moreover, there is no proof that Zen Trader System can actually generate the stated profits, nor that the signals it sends actually do have a 93% accuracy rate. Feedback has been mainly negative and there are not that many people who have opened an account with the income-generating solution.

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Is Zen Trader Software a Scam or Legit?

The presented story of Mr. Zen is full of obvious contradictions. At the beginning of the promotional video, he leads users to the belief that he was once a burger boy at a fast food restaurant, but just minutes later he claims to have worked for an upscale investment firm on Wall Street.

He intentionally kept a low profile there in order to gain access to the secret information that his colleagues where working with. A mere 5 years later Mr. Zen started his very own company which accumulated $372,000,000 of yearly earnings.

However, there is no data verifying that this story is true, nor that such a person exists and has established an investment firm. Users who have tested Zen Trader complaint that not only is it not capable of generating any kind of profits, but it has lost them their entire deposits.

So, this binary options software is dubious and a most likely scam. Online traders should be very cautious if proceeding to open an account with it which is not recommended.

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Final Thoughts

Based on all of the above stated information, we consider that ZenTrader System is not a safe and secure choice for investors. The creator’s persona is more than devious and he most likely does not even exist in real life.

It would be best if users sign up with a proven to work and operate properly binary automated software. The present one will most likely only lose them their initial deposits and then disappear off the Internet.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on Zen Trader to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Zen Trader is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

 

In order to protect traders from bad trading experience and financial loses we recommend you to

Visit Best Rated Robot OR Choose One of the Top Systems Above

 

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David

David

Hello!
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.
David

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References & Further Reading

1. The sociology of financial markets (Karin Knorr Cetina, Alex Preda – EconPapers, Economics at your fingertips, 2004)

2. The impact of trading Commission incentives on analysts’ stock coverage decisions and earnings forecasts (Rachel M. Hayes – Journal of Accounting Research, 1998)

3. Trading binary options (Alex Nekritin – Binary Options: Strategies for Directional and Volatility Trading, 2013)

4. User-interactive financial vehicle performance prediction, trading and training system and methods (Peter Hancock, Jeffrey Saltz – 2008)

5. Method of creating and trading derivative investment products based on a volume weighted average price of an inderlying asset (Dennis O’Callahan, Catherine Shalen, 2005)

6. Forward markets, currency options and the hedging of foreign exchange risk (Roger Ware, Ralph Winter – Journal of International Economics, 1988)

7. Systems and methods for providing an interactive trading application (Lee Amitis, Howard Lutnick, 2004)

8. Static hedging of exotic options (Peter Carr, Katrina Ellis – The Journal of Finance, 1998)

9. Options automated trading system (OATS) and method of options trading (Will Rutman, 2004)

10. An introduction to exotic options (Peter G. Zhang – European Financial Management, 1995)