EZtrader Review

Details

Broker	EZtrader
Website URL	www.eztrader.com
Founded	2008
Headquarters	Cyprus
Support Number	1800 435 7042
Support Types	Phone, email: email: [email protected]
Languages	English, French, German, Italian, Spanish, Dutch, Russian, Turkish, Portuguese, Chinese
Trading Platform	own proprietary software and binary option trading platform
Minimum 1st Deposit	$200
Minimum Account Size	$200
Minimum Trade Amount	$10
Maximum Trade Amount	$2500
Bonus	personal and daily bonuses
Payout	80 - 95%
Free Demo Account
Regulated
Regulation	regulated by CySEC
Fees
Fee Info	No hidden commissions, fees or costs. All costs are calculated in the payout percentages
Commissions
Commission Info	No hidden commissions, fees or costs. All costs are calculated in the payout percentages
Account Types	real money account
Deposit Methods	Visa, Discover, Mastercard, JCB, AMEX, Diners Club, Paypal, wire transfer, Webmoney, Neteller, Skrill/Moneybookers
Withdrawal Methods	Visa, Discover, Mastercard, JCB, AMEX, Diners Club, Paypal, wire transfer, Webmoney, Neteller, Skrill/Moneybookers
Trading Methods	early sell, double up, roll over
Number of Assets	120
Expiry Times	ranging from 60 seconds to end of trading week
Types of Assets	trade binary options on indices like Dow Jones, AEX and FTSE, stocks like Apple, BMW and Sony, commodities like gold, silver and oil, forex like EUR/USD and USD/JPY
Option Types	binary options, ladder options, one touch options
Trading Currency	AUD/USD, CAD/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY
Account Currency	You can fund your eztrader account with any currency. Amounts will be converted to the currency set under ''my account'' in the EZtrader trading cabinet.
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	6.8

Full Review

EZtrader company information

EZtrader is founded in 2008 and is one of the oldest and most popular binary option brokers worldwide. What makes EZtrader stand out amongst the crowd is the fact that they are one of the few binary option brokers running on their own in-house software instead of using the SpotOption or Techfinancials trading platform. EZtrader is known for it’s simplicity and many other binary option brokers have tried to copy their software and website layout because of this.

EZtrader trading platform

Recently EZtrader’s trading platform has changed a lot in a positive way. The website and company was taken over by WGM Win Gaming Media Inc. in late 2011 and it’s new management has blown new life in the binary option trading platform. Later in this review I will cover these positive changes made.

How do I trade binary options on EZtrader?

Trading in binary options using EZtrader is fairly simple and consists of five easy steps.

1. Register for a free EZtrader account and fill in your details.
2. Select the binary option you wish to buy from the list of available assets.
3. Select whether you would like to buy (call) or sell (put).
4. Fill in the amount of $ you wish to invest in your current trade/position. You now still have the chance to switch call to put and vice versa.
5. Finally, you click on the ‘’execute’’ button to place your trade.

Changes on EZtrader since new management

Like I said before, there are some major positive changes on the EZtrader binary option trading platform since it has been taken over by WGM. The biggest changes are enlisted below.

Reduced lock-out period

Originally EZtrader had a 15 minute lock-out period which upset most binary option traders. This has now been reduced to just 5 minutes which makes EZtrader have the same lock-out period as other binary option brokers.

No more spreads

There are no more spreads on the binary options and other financial assets offered by EZtrader. Traders will discover that the price to buy an option now is exactly the same as the execution price which is fair.

Possibility to sell options pre-expiry time

With this new feature binary option traders can close their winning positions early, before the actual expiry time. This way traders can collect their profits before the trend might change.

EZtrader payout percentage

In the past, many binary option traders complained about the low payout ratios offered by EZtrader. With payouts of around 65% during those days, that actually was the case. Nowadays under new management EZtrader offers competitive payout percentages varying from 80% all the way up to 95% on assets like the DAX Future Index.

EZtrader customer service and support

EZtrader has multiple channels which customers can use to reach their customer service and support. Email, phone, fax and live chat are the four ways binary option traders can get in touch with the binary option broker. On the EZtrader website visitors and traders can find a detailed FAQ which enlists most common asked questions.

EZtrader pros

EZtrader offers trading signals in the form of OptioNavigator, an unique feature offered by not many binary option brokers. The usage of trading signals can greatly improve ROI and profits of binary option traders trading the markets. Also, EZtrader has a broad selection of education material available on their website to increase the knowledge of binary option trading by its traders, thus making them more successful at trading binary options.

EZtrader cons

Sadly, there is no demo account available on EZtrader. For some of us, especially people new to binary option trading it might be a bit scary to try this way of making money on the internet out directly with real money. However, it doesn’t cost thousands to get started, one can already start from just $200.

EZtrader review conclusion

Compared to back in the days in 2008, EZtrader has made a lot of positive changes. However, the fact that there is no demo account available is rather disappointing, they might add it in the near future though. The personal welcome bonus and the recurring loyalty bonuses for long term clients are very competitive among binary option traders, though. The medium-to-high minimum first deposit requirement of $200 is nothing to complain about as one needs about $200 to get started with binary options anyway. A first deposit of just $50 doesn’t do the trick out of my experiences. Not all trades are winning ones, no matter how good you are and it’s always good to have some spare cash to cover some potential losses. With the binary option trading signals provided by OptioNavigator (a binary option trading signal provider attached to EZtrader) one can make a sweet extra profit following almost guaranteed winning trades whilst trading binary options.

Pros

• Receive education material and personal coaching after funding account
• Receive winning trade signals from EZtrader’s component OptioNavigator
• Sell options before expiry time using the ''early sell’’ function
• Reliable and regulated binary option broker by CySEC
• No scam history

Cons

• No demo account available

Reviews

There is no review.