Longevity is an important metric for the success of any brokerage, but it’s especially important for binary options brokers. Since the client never actually owns the stock, the client has to rely on the broker to track the asset prices and honourably pay out if the client makes a successful call. EZTrader claims to be the first broker to offer binary options trading to the masses and has been doing so since 2008. Not only has EZTrader got longevity going for it but in 2013 it became a CySEC regulated broker. This means that it has certain financial obligations and responsibilities that it must abide by in order to offer its trading services to the public which in turn provides certain guarantees over the broker’s operations, e.g. segregated client accounts, solvency, etc..
|WGM Services Limited||11 Vizantiou St|
CySec License 203/13
|Proprietary||EN, FR, DE, ES,|
RU, SE, NL, IT,
KR, GR, Arabic
EZTrader is one of the handful of binary options providers that have gone the route of building their own system. This route is imperative if the provider is looking to generate client interest via product differentiation.
|Instruments||Assets||Trading Tools||Returns||Minimum Deposit||Trade Size||Bonus|
|Over/Under||Indices, FX, Stocks, Commodities||Trading Indicators||≥80%|
EZTrader’s site is very modern and looks very professional. Charts and graphs are prominent, easily customisable and simple to use. EZTrader graphs track the value of each asset in real time and making a call or a put is as simple as pushing a button.
The Over and Under options, or more specifically, the at-the-money call and at-the money put, are the instruments on offer. These are the standard basic instruments offered by all binary options platforms so nothing particularly exciting there.
What is of interest though is the SellOption which enables the selling of a previously bought trade back to EZTrader. Although platforms are slowly getting onto the importance of being able to offer the client the ability to trade out of a position (whether to take profits or cut losses) the serious trader would consider this functionality vital to disciplined trading. So a major plus for EZTrader.
One of EZTrader’s biggest strengths is the sheer amount of assets available to the trader. Virtually any currency or indices can be traded giving the client maximum choice when picking their asset. The assets that are available for trading on the platform of EZTrader are:
All the main pairs are on offer and it is a pleasant change to see that EZTrader hasn’t followed the path of some brokers by listing a surfeit of obscure currency pairs solely to beef up their number of assets offered, i.e. does anyone really care whether the Turkish Lira goes up or down against the New Zealand Dollar?
|US||DJI (Futures)||DJI (Cash)||Nasdaq (Cash)||Nasdaq (Futures)||S&P 500 (Cash)||S&P 500 (Futures)|
|Europe||AEX (NL)||CAC40 (FR)||Dax (Cash) (DE)||Dax (Futures) (DE)||FTSE100 (UK)||MIB (IT)||SMI (CH)|
|IBEX (ES)||OMX (SE)|
|Middle East||TA-25 (IL)|
|Asia||KOSPI 200 (KR)||Hang Seng (HK)||Sensex (IN)||NIFTY-50 (IN)||Nikkei 225 (JP)||Taiex (TW)||TOPIX (JP)|
|Australasia||ASX 200 (AU)|
The US and Europe are well covered although the Middle East looks a bit thin without any Qatar or Emirates interest. Likewise, most of the major Far Eastern indices are covered but for the omission of the Straits Index.
|Gold (XAU)||Silver (XAG)||Copper||Oil|
Commodities has Gold and Oil which is probably more than adequate on their own although adding two or three of the main agriculturals might have been appreciated by a few.
|US||Abercrombie & Fitch||Alibaba||Amazon||Apple||AT&T||Baidu|
|Gold ETF||Goldman Sachs||JPMorgan||Las Vegas Sands||McDonald's|
|Microsoft||Netflix||Nike||Oil ETF||Potash Corp||Qualcomm|
|Ralph Lauren||Silver ETF||Teva||Tesla|
|European||AXA||Banco Santander||Bank of Scotland||Barclays Bk||BBVA||BMW|
|BNP Paribas||BP||Credit Agricole||Daimler||Deutsche Bk||Deutsche Telecom|
|Generali||Hennes & Mauritz||HSBC||Inditex||Intesa SanPaolo||Nordea|
|Asia/ Australasia||ANZ Bank||Bezeq||BHP||Bridgestone||Commonwealth Bank||Fujifilm|
|Sony||Tata Motors||Tata Steel||Teva|
Equities are abundantly catered for in both the US and Europe with even some of the most liquid stocks from the Far East included.
EZtrader offers 60 seconds, 90 seconds and 120 seconds cycles, then 15 minutes and a daily expiry.
It also offers a month end series of trades which consist of out-of-the-money call and put options. This is a very interesting offering not only in expiry times but also in instruments too. There is quite likely an opportunity for the more canny investor to profit from these end of month instruments as not only direction but volatility become factors in the success of the trade.
It can be quite complicated to learn new financial software and the client could be doubly overwhelmed if they’ve never traded binary options before. EZTrader offers an education centre which contains a glossary, trading guide, ebook and tutorial. All of these are aimed at helping the client to understand both EZTrader and binary option trading in general. The newcomer will find these guides immensely helpful.
Binary Options Magazine: In addition to generous documentation and guides, EZTrader also features its own magazine to keep the client up to date on the world of binary option trading. Since binary option trading is a typically fast paced type of trading, you need to be sure you have the latest information when making trades. Having this information available on the same site that the client conducts their trades is another bonus from EZTrader.
The client will depend upon their broker whenever they need help. EZTrader offers a range of contact options.
EZTrader provides 24/7 support, email support and ‘Live Chat’.
There are call centre support numbers available in English, Italian, French, German, Spanish and Portuguese so there are are plenty of support options available for an international audience.
There are several bonuses and promotions available on EZTrader. These can be classified into account opening welcome bonuses and special bonuses.
Welcome Bonus: There is a welcome bonus of up to $2,000 for all existing traders on EZTrader. This is a regular bonus that is available at all times of the year irrespective of season. In addition, new traders can get up to 50% welcome bonus on all deposits starting from $500.
Special Bonuses: The latest bonus being given by EZTrader is the New Year bonus which promises a double bonus for all new account deposits from $1000. The maximum bonus to be given is $20,000.
Opening an account with EZTrader is relatively easy. After filling out some basic personal details and making one’s first deposit, the client is able to begin trading right away. There are no downloads which means that the client can get up-and-running almost straight away.
EZTrader accepts a very wide range of different payment options from cards to moneybookers and wire transfers so moving money to and from one’s account is as simple as possible.
Like most brokers, EZTrader does require a minimum deposit when opening an account but it doesn’t charge any fees for registration. The minimum deposit amount is currently US$200, €200 and £200. After the initial deposit this drops to 100 for each additional deposit. After the currency has been nominated it cannot be changed.
EZTrader doesn’t charge clients withdrawal fees for accessing their money and there are no withdrawal limits, so the client is free to take out their money whenever they want. This is reassuring, although withdrawals do take 5-7 days to process. This is quite a waiting period compared to depositing money, which is much quicker.
On EZTrader, the payment methods are divided into the main payment methods and the alternative payment methods (for those who cannot access the main payment methods). The main payment methods are:
The alternative payment methods are country-specific payment methods that can be used by traders in certain locations. This allows traders to use customized payment methods that will make it much easier for them to transact with EZTrader. These methods are:
EZTrader is a good binary options broker and is the oldest binary options broker online (having opened in 2008) and has proved itself to be reliable. It’s regulated by CySEC so is a broker where the client can have a degree of confidence that their money is safe.It is worth pointing out that EZTrader were suspended by CySec last year over what was termed an ‘Administrative Failure’ but CySec redeemed EZTrader’s license within a matter of just a few weeks. Clearly, CySec is strictly monitoring the brokers within its regulatory role and just as clear is the fact that EZTrader, on screwing up, pulled all the stops out to ensure that its operation was compliant to EC rules and regulations.
EZTrader is a competent broker and is definitely worth consideration if you’re looking for a binary options trading broker.