EZTrader
Binary options trading has exploded in recently years to become one of the hottest and newest trading trends. Its simplicity and clarity has no doubt caused its popularity to soar and many different brokers are now offering binary options trading. Binary options trading started off primarily as an online trading platform and the vast majority of binary options brokers are still online websites. In this review we’ll be looking at the online binary options broker EZTrader.
EZTrader: A Leading Broker Since 2008
Longevity is an important metric for the success of any brokerage, but it’s especially important for binary trading brokers. Since you never actually own the stock, you have to rely on the broker to reliably track the stock metrics and pay out if you made a successful call.
For a long time there was no regulation of binary options brokers and so there was a lot of risk when traders wanted to try out binary options brokers. You had to take a chance that the broker you chose was legitimate, would offer you the stated prices and would pay out on time.
EZTrader claims to be the first broker to offer binary options trading to the masses and has been doing so since 2008.
EZTrader definitely has longevity going for it and in 2013 it became a CySEC regulated broker. This means that it has certain financial obligations and responsibilities that it must abide by in order to offer its trading services to the public. This means that you have certain guarantees over the broker’s legitimacy and what it can and cannot do with your money. Since being able to guarantee that your money will be held responsibly and that payments will be issued upon request is important for any trader, it’s good to know that EZTrader is regulated and this is favourable.
EZTrader Payouts
The payout structure on EZTrader is one that pays traders between 70% and 95% for every successful Call/Put trade.
Ease Of Use
EZTrader’s site is very modern and looks very professional. Charts and graphs are prominent, easily customisable and simple to use. EZTrader offers binary trading options on stocks, currencies, commodities and indices so there is plenty of choice when it comes to trading. EZTrader also accepts a very wide range of different payment options from cards to moneybookers and wire transfers so moving money to and from your account is as simple as possible.
Trade Tools & Documentation
It can be quite complicated to learn new financial software and you might be doubly overwhelmed if you’ve never traded binary options before. EZTrader offers an education centre which contains a glossary, trading guide, ebook and tutorial. All of these are aimed at helping you to understand both EZTrader and binary option trading in general. If you’re a newcomer you’ll find these guides immensely helpful. This is not something that necessarily has an effect on their position as a broker, but it is a nice additional bonus.
Binary Options Magazine
In addition to generous documentation and guides, EZTrader also features its own magazine to keep you up to date on the world of binary option trading. Since binary option trading is a typically fast paced type of trading, you need to be sure you have the latest information when making trades. Having this information available on the same site that you conduct your trades is another convenience bonus for EZTrader.
In addition to generous documentation and guides, EZTrader also features its own magazine to keep you up to date on the world of binary option trading. Since binary option trading is a typically fast paced type of trading, you need to be sure you have the latest information when making trades. Having this information available on the same site that you conduct your trades is another convenience bonus for EZTrader.
A Huge Range of Assets
One of EZTrader’s biggest strengths is the sheer amount of options available for you to trade on. Virtually any currency, commodity or indices can be traded on giving you maximum flexibility when it comes to binary options trading.
EZTrader graphs track the value of each asset in real time and making a call or a put is as simple as pushing a button. It allows you to get a very reasonable level of precision with your trades so that you don’t feel cheated by timing delays when making calls. You can track several charts live on the same page which is handy, so you can be making several trades together at once.
The assets that are available for trading on the platform of EZTrader are:
- Commodities: Gold, silver, oil, copper.
- Currencies: EURUSD, GBPUSD, EURJPY. GBPJPY. EURGBP, AUDUSD, USDCAD, USDCHF, NZDUSD.
- Indices: FTSE-100, DAX-30, Dow Jones, Nasdaq, IBEX- 35, CAC 40 Future, S&P 500, Nikkei 225, SMI FUTURE, MIB-40 FUTURE, Taiex, Kospi, TOPIX 500, ASX 200 Future, Hang Seng Future.
- Stocks: Netflix, Amazon, Apple, Baidu, Goldman Sachs, Disney, eBay, Facebook, Google, GOLD ETF, Citigroup, JP Morgan Chase, Ralph Lauren Corp, Microsoft, Sand Disk, Oil ETF, Potash Corp, Silver ETF, Qualcomm, Teva Pharm, Las Vegas Sands, Barclays, BMW, BNP Paribas, BP, Daimler AG, Deutsch Bank, France Telecom, FIAT, HSBC, Banco Santander, Inditex, Telefonica, EDF, Sanofi-Aventis, BBVA, AXA, Vodafone, Tesco PLC, Bank of Scotland, TATA Motors, TATA Steel, Reliance, Sony, Bridgestone Corp, Commonwealth Bank, BHP, ANZ Bank.
Customer Support
One thing you want to be able to depend upon from your broker is being able to get in touch with someone when you need help. EZTrader offers a range of contact options. They claim 24/7 support and allow you to email them, have them call you up or chat to someone live.
There are also call centre support numbers available in English, Italian, French, German, Spanish and Portuguese so there are are plenty of support options available for an international audience. For some reason the call centre support numbers are only listed on the registration page and not on the ‘contact us’ page. This is quite strange and could perhaps be more obviously placed for when you need support.
About the Company
EZTrader is owned by WGM Services Ltd, and is based at 48 Themistokli Dervi Avenue in Nicosia, Cyprus. EZTrader is one of the few binary options brands operating on a unique trading platform.
However this site have a worst reputation for some members
EZTrader Summary: 7.5/10
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