EZTrader Review – CySec Regulated Binary Broker

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EZTrader Review

Summary

EZTrader is an established binary options broker that understands its traders’ needs. EZTrader has a lot of positives that make it a worthwhile investment, but we are not entirely satisfied with a couple of aspects of the company. Nevertheless, EZTrader is a trustworthy option for trading the binary options market.

An Introduction To EZTrader Trading

Binary Options trading, in its modern avatar, cannot boast of the illustrious market presence enjoyed by its more conventional financial counterparts. The market sees an influx of new and innovative financial products, and retail traders are wholeheartedly embracing new concepts. Traditional investors are also slowly warming up to the idea of betting on the direction of the market trends, in order to enjoy fixed gains on their investments. However, most of the binary options brokers are new to the market and have been providing services from different jurisdictions that may not be necessarily regulated.

It is also difficult for investors to ascertain the authenticity of a binary options company just from its marketing materials or online presence. The reliability of a company can be gauged by its experience, regulatory licenses, and existing customer testimonials that are built from years of providing services to a niche audience. EZTrader is a more established binary options brokerage that started offering its services ever since the concept of binary trading was introduced to the retail trading public. Therefore, we only consider it to be our responsibility to subject the company to a thorough EZTrader broker review to analyse all the advantages and issues of their binary options services.

EZTrader Regulation & Market Presence

EZTrader has numerous offices that are located in the main financial centers of the European Union, with a strong presence in the UK and Cyprus. EZTrader is primarily regulated by the Cyprus Securities and Exchange Commission (CySEC), which comes under the Markets in Financial Instruments Derivatives (MiFID) of the EU and the European Economic Area (EEA) initiative. EZTrader launched its binary options brokerage in 2008, way before the financial product started gaining prominence in the retail trading industry. EZTrader is perhaps one of the very first binary options trading companies that started offering binary options to compete against the more established financial brokerages in the market.

The CySEC has also enabled its investors to receive protection against broker insolvency, bankruptcy, and unforeseen liquidation through the Investor Compensation Fund (ICF), which offers a guarantee of up to €20,000 for qualified investors. It is also important to note that EZTrader is also regulated by the Vanuatu Financial Services Commission (VFSC) through its branch office in Vanuatu. The VFSC is not as advanced or reliable as the CySEC or other EU regulators, and traders are also aware of the fact that Vanuatu is known for its tax haven status. Regardless, EZTrader must receive credits for being a properly regulated binary options broker that commits to the safety of investors through proactive means.

Choice Of EZTrader Assets

EZTrader has a favourable collection of financial instruments to cover the Asian, European, and American financial markets. Apart from the regular Forex currency pairs, EZTrader has also provided access to stocks, commodities, and indices trading, which is actually the pretty standard offering from almost all the major binary options companies. The total number of available assets is limited to 120 underlying instruments, which is marginally lower than the 150 odd financial assets offered by leading brokers. You must realise, however, that some binary options companies may be able to offer more than 10,000 assets, including Pairs and CFDs. Similarly, there are also brokers that limit their binary options choices to less than 20; therefore, EZTrader has taken the safest route of providing a broad coverage of the binary options market.

We have outlined all the available assets below, according to their underlying market:

Forex Currency Pairs: 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

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Commodities: Copper, Gold, Oil, Silver

Indices: AEX – Netherlands, ASX – Australia, Nifty – India, Nasdaq Futures, CAC40 Index future, Dax – Germany, Dow Jones – US, FTSE – London, FTSEMIB – Italy, Dax Futures, Hang Seng – Hong Kong, IBEX – Spain, Dow Futures, Kospi – Korea, Taiex, Nasdaq – US, Nikkei – Japan, OMX Stockholm 30, S&P Futures, Sensex – India, Swiss Market Index, S&P 500 – US, Tel Aviv 25 Index, TOPIX 500 – Japan

Stocks: Abercrombie & Fitch Co, Alibaba Group, Amazon, Apple, AT&T, Baidu, Nike, GOLD ETF, OIL ETF, Las Vegas Sands, Tesla Motors, Ralph Lauren Corp, SILVER ETF, Citigroup, Coca-Cola, Disney, eBay, Exxon Mobil, Facebook, Goldman Sachs, Google, JPMorgan Chase, McDonald’s, Microsoft, Netflix, Twitter, PotashCorp, Qualcomm, Teva Pharmaceutical Industries, AXA, Banco Santander, Bank of Scotland, Barclays, BBVA, Generali, Unicredito SpA, Intesa-Sanpaolo, Sanofi-aventis, ICL, Vodafone, BMW, BNP Paribas Bank, BP, Credit Agricole, Daimler AG, Deutsche Bank, Deutsche Telekom, EDF – Électricité de France, ENI, Ericsson, FIAT – ITALY, France Télécom, Gazprom, Hennes & Mauritz, HSBC, Inditex, Nordea, Renault, Telefónica, Tesco PLC, Volvo Group, ANZ Bank – Australia, Bezeq, BHP – Australia, Bridgestone Corp, Fujifilm Holdings, Commonwealth Bank, ICL, Leumi, Hapoalim, Reliance – India, Rio – Australia, Samsung, Sony – Japan, Tata Motors – India, Tata Steel – India, Teva

EZTrader may have succeeded in providing one of the vast collections of financial assets, but since the company has been operating in the markets since 2008, we would have expected the broker to provide a bit more in terms of product offerings such as FX/CFD, and pair options. In spite of the minor hassles, EZTrader is indeed one of the best brokers for enjoying a comprehensive coverage of the financial markets.

Binary Products & EZTrader Payouts

Trading the binary options market at EZTrader can be a profitable affair, especially since the broker offers the highest payout of 150% on long term/weekend options. The high payout is in stark contrast with the average payouts for other brokers, which may only reach a maximum of 95%. However, more moderate options such as high/low and 60 sec may only provide a maximum of 85% returns per position, with the average returns in the region of 70%. If we compare the payouts offered by other leading brokers, we do find that the highest payout of 85% for the regular binary options at EZTrader is indeed representative of the average payouts in the market.

The minimum investment required for opening a trade is $5. The maximum trade size, however, is determined by the underlying asset and the market conditions. Nevertheless, there is a maximum investment limit of $12,000, while the maximum exposure is limited to $40,000 per hour. Even though the broker allows its customers to invest large amounts in binary options, it is suggested that traders must exercise extreme caution before investing. It may so happen that traders may unknowingly risk way too much in the markets, which can result in massive account drawdowns within the matter of a few seconds.

EZTrader Platform

With almost a decade of experience in the binary options market, EZTrader can afford to develop their own proprietary trading platform, which is exactly what is offered by the company. At the beginning of its binary options operations, EZTrader had to develop a dedicated interface to allow its clients to trade the binary options market in an affordable manner. During the early days, there weren’t any third-party binary options platform developers, unlike those that were available for the traditional stock and FX markets. Therefore, EZTrader spends a considerable part of their operating capital into developing a feature-rich interface for the trading community.

EZTrader uses all of its available space to cram in as many features as possible, without affecting the usability or aesthetics of the platform. Traders have pop-in and pop-out windows for choosing financial instruments, the investment amount, and to get more information about the payouts applicable for an underlying asset. Traders also get access to a basic chart of the asset, the general market consensus, and the expiry information, all in one place.

EZTrader Mobile Trading Platforms

Binary options trading has never been easier, especially after the introduction of binary options trading into the mobile market. Mobile users now have the unprecedented opportunity of accessing their accounts on their mobile devices, including smartphones and tablets. Most brokers allow their traders to access their web trader through a device’s browser, but a majority of companies also develop dedicated mobile apps for secure and convenient trading access. EZTrader has also developed a dedicated mobile app for both iOS and Android users, and both of these EZTrader mobile apps offer an excellent platform to trade on the move.

EZTrader Minimum Deposit & Minimum Withdrawal

EZTrader has been working with traders for a long time, and the company understands their needs when it comes to binary options trading. Most new brokers issue a standard minimum deposit requirement of $250, which is generally adopted by a fair majority of companies. It is also not uncommon for brokers to specify a minimum deposit requirement of $500 or higher amounts, but as a general rule of thumb, one must expect to have at least $250 for a binary options account.

EZTrader, on the other hand, only asks its clients to deposit a minimum of $50, which is indeed an excellent opportunity for traders to sample the markets, especially with the minimum investment size of $5. Accounts can be funded through different methods, such as Skrill, credit/debit card payments, and wire transfers. The only small apprehension is that the broker applies a minimum withdrawal limit of $100, which is double that of the deposit amount. Aside from that, all deposits and withdrawals are processed through encrypted protocols, along with protection offered by the CySEC and VFSC regulatory policies. The broker also processes its clients’ withdrawal requests within the same business day, or within 48 hours.

EZTrader Bonus

EZTrader used to provide a bonus until recently, but the changes made by the CySEC and the overall EU regulatory framework has forced many regulated companies to backtrack on their bonus offerings. At present, traders should not expect any bonus for their accounts or deposits. Although traders may feel at a disadvantage when taking into account the bonuses offered by other leading binary options brokers, the absence of a bonus is indeed an important part of ensuring the safety of investments. Bonuses are usually associated with several trading conditions and restrictions, which induce a direct conflict of interest between the trader and his/her broker. Nonetheless, if you are looking for a bonus your deposit, we would recommend other featured brokers that may be able to offer the same trading conditions as EZTrader.

EZTrader Demo Trading

It may be hard to find faults in a broker that offers a world-class brokerage service, but there are drawbacks that may affect the overall service experience. A major drawback of EZTrader is the non-availability of a demo trading account, and it indeed puts EZTrader at a considerable disadvantage over its peers. Of course, several binary options brokers offer a free and live platform walkthrough, but it wouldn’t offer much help to traders. EZTrader has also developed an online platform walkthrough, which can serve as a good indicator of the overall platform performance. Regardless, we would require EZTrader to offer an uninterrupted demo account, irrespective of the account status of the user.

EZTrader Customer Service

EZTrader has persisted in the binary options markets by offering an excellent customer service experience, which has led to a positive response from all existing and new clients. The broker offers a responsive live chat feature, along with a web contact form, phone support, email support, and a call-back feature. Regardless of whether its CySEC license is responsible for the customer-oriented attitude of the company, we are totally impressed by the broker’s attention towards maintaining the best interaction channels for its traders.

EZTrader Training For Traders

EZTrader offers a myriad of training resources and trading signals for its traders, which should keep traders satisfied. The training materials are more oriented towards beginner traders, while expert traders may not find the information to be beneficial for their trading strategies. The trading signals, on the contrary, is a good tool for both beginner and expert traders, which should help in improving the profitability aspect of traders. Overall, don’t expect EZTrader to be the best in terms of trading resources, but the broker does not lack any major features either.

EZTrader Verdict

  • EZTrader is a regulated broker that is EU authorized through CySEC regulation. EZTrader also holds a VFSC license.
  • EZTrader is one of the most established companies in the market.
  • Standard payouts and access to a wide range of financial assets.
  • Excellent customer interaction and support channels.
  • Reliable and top-quality trading platform.
  • Availability of mobile trading apps.

CONs

  • No demo account option offered to traders.
  • No bonus on deposits.

EZTrader Broker Review

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Visit EZTrader
Risk Warning: Your capital may be at risk

Our Review of EZTrader

Established in 2008, EZTrader is one of the most recognised online binary options trading platforms. It is currently managed by WGM Services Limited with offices located out of Cyprus.

The Types of Accounts Offered

There are currently four different types of accounts offered by EZTrader and these will primarily revolved around the specific strategy of the investor. These are:

  • Long-term
  • Sell Options
  • Binary Options
  • 60 Seconds

Each is associated with a minimum order size of 25 lots and the maximum value allowed for any single holding is $2,500 dollars (or the equivalent in another currency such as the euro).

Promotions and Bonuses

EZTrader offers numerous types of bonuses and the company should be contacted to learn of any new promotions. However, players can nonetheless enjoy some standard amenities immediately after registration. Those who make an initial deposit of $500 dollars can enjoy a matched bonus of $250 dollars. Another programme known as a “trading meter” will track personal trading volumes throughout the day. If this level reaches a certain threshold, the investor will be provided with a bonus of up to $100 dollars.

Fees and Commissions

One of the most beneficial aspects of this platform is that no fees or commissions are charged for trades. This is the primary reason why returns as high as 95 per cent can be enjoyed on occasion. Refunds for out-of-money positions can likewise reach 15 per cent; a figure not often associated with other binary options portals. However, we should note that a fee of €15 euros will need to be paid by those who employ wire withdrawals.

The Trading Platform

EZTrader utilises a proprietary online trading system simply known as EZTrader. Similar in some ways to Meta Trader 4, this platform centrally displays all important metrics. These include (but are not limited to) call and put positions, current trading volume, account balances and open trades. We should also note that a smartphone-friendly system known as EZMobile is great for those who require remote access while out and about. This platform is compatible with both Apple and Android operating systems.

Deposit and Withdrawal Options

EZTrader offers similar deposit and withdrawal options when compared to the other main brokers. Wire transfers, PayPal and Neteller are all acceptable methods. Most major credit cards are accepted. EZTrader also accepts Skrill accounts for those who wish to transfer money within shorter time frames.

Regulations and Security

EZTrader is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) under the licence number 203/13. Thus, investors can rest assured that they are dealing with a trustworthy organisation. This platform is quite secure and utilises SSL encryption; important for those who might be concerned about their personal data. EZTrader is one of the most respected binary options trading platforms on the market and this reputation is likely to continue into the future.

EZTrader Broker Review

EZTrader offers a great range of over 120 different assets for trading across the categories of currencies, stocks, indices and commodities. Their customer support is excellent and is available 24/7 for their clients’ convenience. It is also available in a number of languages, as is their website. Their software is cutting edge and is completely web based so there is no need for any downloads. It is also available on mobile devices and is user friendly enough for both beginners and experienced traders to use. EZTrader do offer welcome and deposit bonuses and they have a VIP programme for high volume traders.

Review Overview

Bonuses – 60%
Software – 90%
Customer Support – 90%
Options Choice – 80%

Good Quality Broker

Summary : Very Trusted Broker

Intro

EZTrader is a long established and reliable binary options broker that offers excellent educational resources, high quality customer service and an impressive range of over 120 underlying assets to its clients. Their multilingual website and customer support team are extremely useful resources while there are also helpful features such as analytical tools and an economic calendar to help clients to maximise their profits. EZTrader also offers a great range of convenient online and traditional payment options to suit the needs of a wide range of clients.

Company Information

EZTrader was originally formed in 2008 and has become a well established online binary options broker, forming the flagship brand of EZTD Inc. EZTrader is based in Cyprus and was one of the very first binary options brokers to be licensed and regulated by CySEC and they have partnerships with a number of high profile football teams. EZTrader offers segregated client accounts for peace of mind and must comply with strict compliance procedures. Unfortunately, however, they can only accept clients from within the European Union.

Assets Available

EZTrader does not publish a full list of their available assets for trading, however there are over 120 to choose from and they do encompass all of the popular categories including currencies, stocks, indices and commodities.

Bonuses & VIP Programs

EZTrader offers two types of trading bonuses. There are welcome bonuses which may be granted once the client has registered, even if they have not yet made a deposit into their account and Deposit bonuses, which are given based on the deposit that the client has made. In order to withdraw any profits made from a bonus, clients must first have a trading volume of 40 times their bonus amount. EZTrader also offers a VIP programme which rewards high volume traders with a range of benefits and perks like free webinars and training sessions, free gifts and signals packages. Once a trader deposits an amount over $500 they become a Bronze level VIP trader.

Mobile

EZTrader offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. EZTrader also offers a convenient mobile app which can be downloaded for free from the Google Play Store or from the Apple Store for Android or iOS smartphones or tablets. This offers a really useful way to keep on top of the markets and to execute trades rapidly to take advantage of market conditions at any time on the move.

Deposits and Withdrawals

EZTrader offers several payment options for making account deposits and withdrawals. Available deposit methods include:

  • Maestro
  • Skrill
  • MasterCard
  • Visa
  • Discover
  • Diners
  • Wire Transfer

The available withdrawal methods include:

The minimum deposit amount is $50/£50/50 Euros or the equivalent in other currencies. A minimum withdrawal amount of £100/100 Euros/$100 is required and withdrawals are quickly and easily requested online through the client’s account portal. No fees are charged for either deposits or withdrawals.

Customer Support

The EZTrader client support team can be contacted via several methods to respond to queries and to resolve any issues which may occur.

EZTrader’s customer support team are available 24 hours a day, 7 days per week for their clients’ convenience. Support is multilingual and is available in the following languages:

There is also a useful frequently asked questions section to address any basic enquiries commonly posed by new clients.

Extra Features and Resources

EZTrader has a trading resource centre where clients can use a wide range of free high quality educational resources aimed at both brand new traders and those with more experience who are wanting to hone and extend their skills. The resources include:

  • Video training course
  • 2 ebooks, 1 for beginners covering getting started with binary options trading and the other aimed at experienced traders covering professional trading secrets
  • Tutorials – covering a wide range of subjects, these are geared towards traders at different levels of experience, starting with the basics such as expiration types and going all the way up to advanced strategies
  • Glossary explaining all of the key terms that are used commonly in trading

EZTrader also has a number of other useful features to help their clients to maximise their profits these include:

  • Financial calendar
  • Live signals
  • My Trading Analyst analytical trading tools

Verdict

If you are considering choosing EZTrader as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Instant customer support via the live chat facility
  • Strong SSL encryption
  • VIP accounts available
  • Great range of deposit and withdrawal methods including online methods
  • CySEC regulated and licensed broker
  • 24/7 customer support available
  • Free educational resources available
  • Live signals
  • Analytical trading tools
  • Clients from outside the EU are unable to trade with this broker
  • There is no choice of account types

Can I trade with EZTrader using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so companies like CloseOption are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. EZTrader also offers a cutting edge mobile app which can be downloaded for free for both iOS and Android devices. This allows for seamless access to trading accounts while on the move.

Does it cost anything to register with EZTrader?

It does not cost the client anything to register with EZTrader and there are no hidden costs or fees to worry about.

Can I use modern online methods to make deposits and withdrawals?

EZTrader understands that clients are keen to use a wide range of payment methods when they make deposits or request withdrawals and therefore, they have offered a great choice of options including both traditional methods like bank wire transfers and credit cards and more modern e-Wallets.

Which currencies can be used for trading with EZTrader

When registering for an account with EZTrader clients can choose from a large number of different currencies. These include:

  • US Dollars
  • Euros
  • Pound Sterling
  • Swedish Krona
  • Norwegian Krona
  • Brazilian Real
  • Chinese Yuan
  • Russian Ruble
  • South African Rand
  • Australian Dollar
  • Danish Krone
  • Polish Zloty
  • Turkish Lira

However, once you have made your choice of account currency you will not be able to change to a different currency at a later date.

English isn’t my first language, can I view the website in my home language?

EZTrader’s website is available in a wide range of languages to suit clients from a number of currencies. These include:

Why choose EZTrader?

EZTrader is CySEC regulated and licensed which ensures the complete peace of mind of its clients. In order to comply with CySEC regulations, this broker must keep all client funds in segregated accounts and must meet strict compliance criteria therefore clients can rest assured that their personal and financial details are all in safe hands.

Are traders from all countries allowed to register with CloseOption?

Unfortunately EZTrader is unable to accept any clients from any countries outside the European Union.

Best Binary Options Brokers 2020:
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