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Mike on EzTrader
I have been trying to withdraw my...John on Profit on Volatile Currency Pairs with Binary Options
thanks Michael, will use it! Will let...mike s on TraderXP
That's funny Jordan Gray from Trader XP...Sole trader on EzTrader
I double what people say about eztraders...Suranga Withanage on Home
I got scammed by eztrader.com and need...
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EzTrader Overview
| EzTrader |
| Bonus: up to %50% |
| Options Profability : 60-95% |
| Rating: 6.5 / 10 |
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Basics
| Broker Name: | EzTrader |
| Platform: | EZTrader |
| Founded: | 2008 |
| Bonus: | up to %50% |
| Return/Refund: | 60-95%/0-15% |
| US Traders Accepted: | Yes |
Features
| No. Of Assests : | 58 |
| Regulated : | No |
| Demo Account : | No |
| Deposit Options : | C.C., WireTransfer, MoneyBookers, and more |
| Language : | English |
| Minimum Deposit : | 200 |
Screenshots
Review Last Updated 2013-05-07 18:53:17
New! Updated – 5/7/2013
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 succeed…but I think they even surpass their 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 still remains a good platform for really green traders, but not good enough for the experienced ones.
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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.
EzTrader Full review – Casino or a real broker?
Eztrader is considered to be a pioneer in the Binary options industry. Since 2008, Ez trader stands for friendly and 100% web environment platform for binary options trading, with no need for any kind of software downloaded to the PC. 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, with a improved amount of assets: 91, more than double the amount they had previously (44). Eztrader also offer you high effective return, and are near the top of the Binary options industry (95% for certain assets). So why does EzTrader suck? With so many EaZy options on the friendly website you can only get lost very EaZly in the binary options trading Options Ocean, which is a game of thinking from the beginning. Before you start trading binary options and make your very first deposit, or even if you’re a sophisticated trader, keep in mind one important thing: Binary options trading requires research and lots of thinking before you start wishing good luck. It’s a game of thinking. Binary options require strategy. One downside of the website still remains the understanding of the asset which is crucial for building a trading strategy and better understanding of the trading asset. The navigating process still has some issues but they definitely improved on this category as well. If an investor tries to find out the assets expiry time, he/she will be able to do that a lot easier than before by just checking the column on the right hand side of the trading platform.
Yes its true- Eztrader made the binary options game of thinking look more like a gambling game for quite a while, but now they start to finally look more like a Binary broker than a gambling site. Before, they made you feel like you are in the playground, and your mother asks you nicely: “what kind of a lollipop would you like?” while your dad (the consulting advisor) recommends you which one is better. Although they improved like I said, I still believe the thinking type of binary options investor should go for a more reliable and professional broker. The simple platform also lacks some more advanced features than simply browsing between assets and sorting them. That feature can be found often in most Binary options sites. In my opinion, EZtrader has over-simplified the trading of binary options. It is better to consider it as an online betting game. Binary Options Trading is more of a common high risk high reward short term investment tool then Casino gambling. It is much better than online betting games. Here you are not really gambling, since almost anything you are predicting based on your proper research.
Is EZtrader a Scam?
Eztrader 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. I have to admit they do offer some very nice bonuses, but as I was saying before- big bonuses and low extra fees matches the description of on line casino betting or other gambling sites. If you’re looking for extra high bonuses –then go play roulette. Good Binary options trading brokers don’t necessarily give away bonuses because they assume that if you have decided to join their trading system and trade Binary options with them, it means that you choose professional trading system and a trustworthy broker. In my opinion, high bonus offers and extremely low charging fees are suitable with casino gambling and binary options broker’s scams, while good Binary options trading brokers maintain pro’s software and analysis tools and more information about the assets- better suited to the different types of investors. Sometimes good binary options trading brokers may not offer the best bonus available in town. It’s no reason why you shouldn’t start trading with them, since in most cases they simply offer professional and more honest trading tools. Yet, gambling is easy a lots of fun,but although in the past, trading on EZTrader was similar to gambling, not they start to look more and more like a reliable broker. However, there is still much work to be done.
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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.
EZTrader Bonus
As I was saying in the EZtrader full review above, the bonus at EZtrader is quite extensive. 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
EZtrader Withdrawal
Withdrawal procedure seems quite average at EZtrader, it takes about a week to get your money back.
EzTrader Ratings
User Friendly 15/20
EzTrader is a Simple and user friendly site. 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.
One drawback of the site is the lack of further information regarding the asset such as trading times and general asset information. However in a few indices there is a News button taking the investor to news bites about that particular asset. Overall, the usability of the site is EZ and fun experience.
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.
Commissions, Support and Effective return 15/20
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%. 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 11/20
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
Website Extra’s 11/20
The Homepage has a couple of extra features- “Today’s Trades” option is a box showing the percentage split between Calls and Puts that day. Another friendly option is the Reuters Financial News feed, which enable users to keep up to date with the market news.
Overall Score : 65/100
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Thanks a lot for the effort of sharing this to us. It is very helpful.
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Stay away from this site!!! If you win for an extended period of time, they can and will change past trade results. You never get a confirmation of settlement by email. I’ve witnessed settlement quote changes an hour after the trade completed. It is completely insidious the way they control the game.
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Stay away from this site !!
I never get my money after the supposed withdraw.
The withdrawal service will lure you if by chance you get any answer !!
STAY AWAY that’s the best advice I could give you
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fraud, i withdrwan 100$ on january 2012 till now july 2012 i have not received fraud…..stay away frim them
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Proof of Eztrader Scam!!!
http://www.youtube.com/watch?v=km7Y8ULJrUY&feature=youtu.be
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I did a lot of trading for a while and I was able to withdraw my money, but as soon as I decided to close my account I have been trying to get my money for several months.
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@Mike: Have u got your money back at all? I made a withdraw on december the 14th. Havent got anything back yet. They keep telling me it will be approved within a few days but they are obviously lying.
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I’ve tried to get my money and they ignore my requests and hang up on me when I question it.
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I think you should update your rattings. About 8 of the trade platforms you ratted are being shown the door by Italy,them along with about 16 others. Your rattings seem to be about 5 years behind. Update your rattings. Now days lack of info can have the same effect as being flat out lied to and scammed.
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made a $200 deposit and still dont get my money back since February. their phone service sucks! can never get an answer, leave voicemail don’t answer back. neither the spanish or the english option ever give you an answer. if u do get an answer by miracle, they say it should be approved by next week (bull***) been waiting for 2 months now and nothing! all ive gotten is an automated e-mail with the same thing: it takes about three days… someone should be getting together and making some sort of lawsuit to start getting our money back!!!
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I double what people say about eztraders stay away from them as you wont get your money back not even what you deposited, I made a withdwawal of £560 on 11/04/1013 now its 16/05/2013.
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I have been trying to withdraw my money and close my account with EZ Trader since Nov of 2012. I contacted them weekly without results. I will keep trying.
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