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.
Under the CySEC and EU regulatory framework, EZTrader offers one of the most reliable and certified binary options products that are guaranteed to enhance the safety aspect of binary options investments. Although binary options trading in itself is a risky prospect, traders can be assured of the best practices in the management of clients’ funds, protection of investments against broker abuse, and increased customer satisfaction. EZTrader holds all of its clients’ trading capital in segregated accounts and away from the broker’s money, which ensures that the broker is not capable of misusing its clients’ funds for any other purposes.
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
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.
One major concern about the EZTrader binary options products is that the broker does not offer more exotic binary options such as Ladder or Touch options, which are far more popular in the market. Ladder and Touch/No-Touch options offer higher returns for a single position, which can generate anywhere from 200% to 1500% according to the underlying asset. Therefore, traders may miss out on highly lucrative trading opportunities, especially since other binary options brokers offer different versions of the Ladder and Touch options to its traders.
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.
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.
Over the years, several new brokers and platform developers started introducing innovative platforms for binary options trading. EZTrader had to keep up with the market requirements, or risk being rendered void in the face of the competition. EZTrader has been continually developing its interface to suit modern trader requirements, and EZTrader is one of the oldest binary options brokers that started offering an online trading platform that can work as an independent interface through the web browser.
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 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 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.
- No demo account option offered to traders.
- No bonus on deposits.
Is EZTrader A Scam?
EZTrader is a genuine and regulated binary options company that offers excellent protection for investors.
What Are My Payment Options?
Accounts can be funded through credit/debit cards, wire transfer, and Skrill.
What Is The Highest Payout For A Successful Trade?
The highest payout may reach 150%, while the average payout is around 65% to 85%.
Does EZTrader Offer Refunds For Losing Trades?
No, there are no refunds for out of the money trades.