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EzTrader
  • EzTrader

  • Bonus: up to50%
  • Options Payout: 70-85%
  • Rating: 7.5 / 10
Broker Name: EzTrader
Platform: EZTrader
Founded: 2008
Bonus: up to 50%
Return/Refund: 70-85%/0-10%
EzTrader Overview
No. Of Assests: 91
Regulated:   CySec
Demo Account: No
Minimum Deposit: 200
US Traders:   Not Accepted
Read Users Reviews

EzTrader Review

EZTrader is considered to be a pioneer in the binary options industry. Founded in 2008, EZTrader is owned by WGM Services Ltd (Win Global Markets), a company that became regulated in 2013 by the Cyprus Securities and Exchange Commission (CySEC) under license number 203/13 (license date 14/06/2013). Their registered address is 11, Vizantiou Street, Office 401, Strovolos, CY-2064 Nicosia, Cyprus. They are also registered in a lot of other European countries such as Spain, Italy, Germany, France, Sweden and many more.

 

Is EZTrader a Scam?

The short answer is “No”. EZTrader is regulated by CySEC license number 203/13, Sponsors of 2 Football teams from Germany and Holland and invests large efforts and resources to attract potential investors, mostly by offering good bonuses and no-fee or commissions while purchasing options. They also invest in maintaining effective costumer support system with live chat and constant loyalty bonus offers to it costumers. On the downside, we’ve witnessed quite a few complaints regarding EZTrader, and those should not be ignored. We strongly recommend following the discussions below (on the comments section) before choosing EZTrader as your broker.

 

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Editor’s Note- Why does EzTrader Sucks in 50 Words?

According to EZTrader, their goal is to make Binary Options trading “easy”. Well, in my opinion they have succeeded…but I think they even surpass their own expectations because in their attempt at making trading easy, they leave out a lot of useful features and the platform is just too basic. It may still be a good platform for really green traders, but not good enough for the experienced ones,and even the green ones will get bored with it pretty quick.

 

Why EZTrader doesn’t Suck in 50 Words?

They recently updated their website and the effort is commendable. It looks more crisp, the design is adapted to the current standards in the industry and overall, they improved a lot since our first review was presented. It’s also a regulated, stable broker.

 
 

Should I Open an Account with EZTrader?

Eztrader offers traders online consulting advisors who will be more than willing to share their knowledge of the market with you once you open an account. Generally they seem to be a nice and friendly binary options trading company. One of their recent improvements is the asset list: 91, more than double the amount they had previously. Eztrader also offer you high effective return, and are near the top of the Binary options industry (95% for certain assets)

Types of trading include high/low digital binary options, that’s it. There are not any range, boundary or one touch options available. Expiry is limited to intraday and 60 seconds, there are several expirations each day but nothing for day to day, swing and short term traders. The asset list is also not quite up to par in my opinion. The have indices, stocks and a few commodities but absolutely no forex pairs, which is really odd because in my experience most binary traders are trading forex more than anything else. In fact, out of all the binary options brokers I have reviewed and used this one has the least going for it.

So, why does EzTrader suck? Because there isn’t much there. Although they have improved I still believe the thinking type of binary options investor should go for a more reliable and professional broker, not to mention one that provides a more complete trading service. In my opinion, EZtrader has over-simplified the trading of binary options. They only have standard high/low binary and 60 second options. The expiry are limited to intraday today only. The asset list is very small even with the additions. There are no forex pairs and very few commodities. You will not find range, one touch or boundary options or expirations for day to day and week to week traders.

 

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EZtrader Complaints

Being around for so long, it’s easy to find comments about EZtrader. A simple search for EZtrader complaint, scam, fraud, etc will discover lots of information about that company. Most complaints are negative, but that’s conventional since most complaints come from unhappy costumers or competitors. Either way, there are lots of complaints so I can only assume that a few of them are possibly true. Mostly it comes down to withdrawals, which should be easy, but due to the high number of bonuses offered are often not able to be made. Time and time again I have come up against another complaint about not getting withdrawals, even if they aren’t true there are just too many to ignore, especially when there are so many brokers that are more trustworthy.

 

EZTrader Bonus

The bonus at EZtrader is quite extensive, they have lots of different kinds. You can receive up to $2K as bonus but you will have to contact them directly to get the full terms and conditions that apply. There is also a $250 bonus for a deposit of minimum $500 and the wager is 25 times the bonus received…but you have to accomplish that volume within 90 days. They also have a daily bonus tracked through a “trading meter”, any time you reach a certain amount of trade volume per day you receive $40 or $100. Basically, there are a lot of bonuses, a scam amount I must say. I understand that as traders we want bonuses, and that as brokers they like to give them but this is ridiculous. If took all the bonuses this broker throws at you you will never ever ever ever be able to make a withdrawal.

 

EZtrader Withdrawal

Withdrawal procedure seems above average at Eztrader but this may not matter. You can withdraw by CC and wire, but more importantly, with Skrill and other eWallets as well. The thing is, the bonuses are meant to keep you from withdrawing so be very very wary if you choose this broker. Bonus terms are an accepted part of binary trading but this broker is using them in a predatory way that may keep you from withdrawing your winnings for a long time.

 

EzTrader Ratings

User Friendly 17/20
EzTrader is a Simple and user friendly site. Due to its simplicity it may be the easiest site of them all. The Help and FAQ sections are useful tools which help its traders understand the basics of binary option trading. EZTrader also provides online help around the clock. No software download is needed, as the EZTrader platform is 100% web-based.

 

No. of Assets and Expiry time 15/20
EzTrader offers 58 stocks, 19 indices, 10 currencies, 4 commodities, totaling 91 assets for purchase. They increased the number of available assets, improved the expiry times and overall flexibility of the options since they updated their website so it’s good to see some steps forward. However, there are no forex binary options which are perhaps the most heavily traded of them all.

 

Commissions, Support and Effective return 18/20
EZTrader does not charge any fees or commissions from its investors when they purchase options. The Effective return goes as high as 95% for certain assets and the refund for Out of the Money trades can reach 15%. However I haven’t seen any single option with such high returns. The Customer Service is available by phone on 4 international numbers and by email. Additionally there is a live chat where they respond immediately.

 

Deposit, Payment and Bonus 17/20
Depositing is available via Credit cards, e-wallets and Wire transfer; accounts can be held in US Dollars, Euros or Pounds. Payment is available via credit card with no fee charges but only as high as the initial deposit. If you choose a wire withdrawal, you will have to pay a 15 euro processing fee. The Bonus goes as high as 50% but the trading volume required for a withdrawal must be reached within 90 days according to their Terms and Conditions. Deposits and withdrawals can be made by Skrill which is a huge plus.

 

Website Extra’s 10/20
There really aren’t any extra’s here. They do have a sell option feature but that does not make up for all the other shortfalls. Maybe the daily trade volume bonus.

 

EZTrader Overall Score 77 + Regulated (+3) – *Low User Rating (-5) : 75/100

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*In case a broker receives a low user rating bots (X<50) our team deducts 5 points of the overall ratings.
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