Oil Zero Review – Is it Scam? – CFDs and Real Cryptos

Introduction

In recent years, cryptocurrencies have gained a lot of popularity and attention from traders and investors all over the world. With the rise of cryptocurrencies, various trading platforms have emerged, offering traders a chance to trade cryptocurrencies and other assets. One of these platforms is Oil Zero, which has been a topic of controversy in the trading world. In this article, we will review Oil Zero and determine if it is a scam or a legitimate trading platform.

What is Oil Zero?

Oil Zero is an online trading platform that allows traders to trade cryptocurrencies and other assets. It was established in 2018 and is owned by an Australian company called Oil Zero PTY Ltd. The platform operates using Contracts for Difference (CFDs), which are financial derivatives that allow traders to speculate on the price movements of an underlying asset without actually owning the asset.

Oil Zero Features and Benefits

Oil Zero offers various features and benefits to its users, including:

Access to a wide range of assets: Oil Zero allows traders to trade cryptocurrencies, forex, commodities, and indices, among other assets.
User-friendly platform: The platform is easy to navigate, even for beginners.
Multiple payment options: Traders can deposit and withdraw funds using various payment options, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller.
High leverage: The platform offers high leverage of up to 1:500, which can increase profits but also increases risk.
Mobile trading: Oil Zero has a mobile app that allows traders to trade on the go.

Is Oil Zero a Scam?

There have been claims that Oil Zero is a scam, but there is no concrete evidence to support these claims. It is important to note that trading, in general, involves risks, and traders should be cautious when investing their money. However, there is no reason to believe that Oil Zero is a fraudulent platform.

How to Use Oil Zero

To use Oil Zero, follow these simple steps:

Sign up for an account on the Oil Zero website.
Verify your account by providing the required documents.
Deposit funds into your account using one of the payment options.
Choose an asset to trade and select the type of trade (buy or sell).
Set your stop-loss and take-profit levels.
Monitor your trade and close it when necessary.

Oil Zero Fees and Charges

Oil Zero charges various fees and commissions, including:

Spreads: The difference between the buying and selling price of an asset.
Overnight swaps: The cost of holding a position overnight. This varies depending on the asset and the trading platform.
Deposit and withdrawal fees: Oil Zero charges fees for deposits and withdrawals, depending on the payment option used.
Inactivity fee: Oil Zero charges a fee of $80 if an account is inactive for more than 60 days.

Compared to other trading platforms, Oil Zero's fees are relatively low.

Oil Zero Customer Support

Oil Zero offers customer support via email, live chat, and phone. The quality of customer support is decent, and the response time is reasonable. There is also a FAQ section on the website that answers some of the commonly asked questions.

Oil Zero Security

Oil Zero takes security seriously and implements various measures to protect users' funds and personal information. These measures include:

SSL encryption: The platform uses SSL encryption to protect users' data.
Two-factor authentication: Users can enable two-factor authentication to add an extra layer of security to their accounts.
Segregated accounts: Users' funds are kept in segregated accounts to protect them from any financial difficulties faced by the company.

Compared to other trading platforms, Oil Zero's security measures are on par with industry standards.

Oil Zero Reviews and Testimonials

There are mixed reviews and testimonials about Oil Zero. Some users have praised the platform for its ease of use and low fees, while others have criticized it for poor customer support and slow withdrawals. It is important to note that some reviews and testimonials may be fake, and traders should be cautious when relying on them.

Conclusion

Overall, Oil Zero is a legitimate trading platform that offers various features and benefits to traders. While there have been claims that it is a scam, there is no concrete evidence to support these claims. However, traders should always be cautious when investing their money and should do their due diligence before choosing a trading platform.

FAQs

What is Oil Zero and how does it work?

Oil Zero is an online trading platform that allows traders to trade cryptocurrencies and other assets using Contracts for Difference (CFDs).

Is Oil Zero a scam?

There is no concrete evidence to support claims that Oil Zero is a scam. However, traders should always be cautious when investing their money.

To sign up for Oil Zero, visit their website and follow the registration process.

What are the fees and charges associated with Oil Zero?

Oil Zero charges various fees and commissions, including spreads, overnight swaps, deposit and withdrawal fees, and an inactivity fee.

What is the quality of customer support offered by Oil Zero?

Oil Zero offers customer support via email, live chat, and phone. The quality of customer support is decent, and the response time is reasonable.

How secure is Oil Zero?

Oil Zero takes security seriously and implements various measures to protect users' funds and personal information.

What are the reviews and testimonials of Oil Zero like?

How can I maximize profits on Oil Zero?

Traders can maximize profits on Oil Zero by following a sound trading strategy, using risk management tools like stop-loss and take-profit orders, and keeping up to date with market news and analysis.

Can I trade real cryptos on Oil Zero?

No. Oil Zero only allows traders to trade cryptocurrencies using CFDs.

Is Oil Zero better than other trading platforms?

The answer to this question depends on the individual trader's needs and preferences. Traders should compare the features, fees, and security measures of different trading platforms before making a decision.