EZTrader Broker Review


eztrader

As one of the oldest providers of online digital contracts, EZTrader knows a thing or two about binary options. Its clients gain access to a comprehensive range of assets which can be traded easily via their own bespoke trading platform.

Since it was first launched in 2008 the company has well established itself  in the industry. The broker is owned and operated by Win Gaming Media group (WGMI), a publicly listed company on Nasdaq.

It provides a proprietary, simple to navigate trading platform in addition to dedicated apps for mobile trading.

Broker Summary

Telephone: UK +44 2030266931, US 1-800-435-7042
Email: info@eztrader.com
Minimum Opening Deposit: 200 USD (or equivalent)
Minimum Trade Amount $25
Demo Account: No
Profitability / Refund:  70-95%/ 0-5%
Trading Platform: EZTrader Platform
Account Holding Deposit: USD, EUR, GBP, SKR, NKR
Accepts US Traders: No
Regulated: No
Rating:

Key Features

A large range of assets are offered for trading via their bespoke web based platform. These include the major indices, currency pairs, commodities and a wide selection of major stocks from the US, Europe and Asia.

A ‘Sell Option’ feature is also available which allows you to sell your option prior to the designated expiration time. This is a useful in allowing you to recoup almost all of your payout if the direction of the asset you are trading suddenly changes.

Options which can make use of this feature are highlighted in the Trading Area with a special link. The payout that you receive for your option will be based upon the current market conditions therefore don’t expect your entire amount refunded.

In addition to the web based trading platform, a full mobile trading solution is also offered. Dedicated Apps are provided for Android and iPhone users. These can be downloaded from the respective online app stores.

eztrader platform

Trade Trades Offered

  • High/ Low – The standard Call and Put option trade types offer high payouts of between 70-81% for contracts ending ‘in the money’. Profit from a price either rising or falling. In addition options which reach their expiry ‘out of the money’ return 5% of the traders initial investment.
  • 60 Second – EZTrader have recently introduced 60 second contracts. These are probably some of the fastest contracts you can trade and run along their core contracts.

Account Types

A single account type is offered with a first deposit requirement of $200 or equivalent (depending on your account deposit currency). Subsequent deposits must be a minimum of 100 units in your deposit currency or more.

The account deposit currency can be United States Dollars, Euro, Great British Pounds, Norwegian Krona (NKR) and Swedish Krona (SKR). It is important to note that rather than mix currencies, you will only be able to operate in the initial currency specified.

Mobile Trading

eztrader mobile trading platformAnother strength of EZTrader comes in the form of their mobile trading solution. This is made possible by the provision of a dedicated mobile trading platform which is accessible via custom Android and iPhone applications.

These applications will let you trade while on the move directly from your mobile device. You gain access to all of the key features available on the main web platform. This includes almost all functions you will find on the main platform. In addition to placing trades you can also manage your account functions and check your trading history.

Deposits Methods

Accepted payment methods for deposits into your account are Visa, MasterCard and American Express. Deposits must be made in the same currency specified at registration.

Withdrawals

Withdrawals from your account can be made back to your Credit/ Debit card for free although withdrawals by wire transfer require a $25 processing fee. Withdrawal requests are maybe the same as for almost all brokers. Expect them to take three working days to process.

Customer Support

The website and support are made available in English, Spanish and French. Methods for contacting the broker include online chat, email and telephone. A nice feature is that you can also request a call back from your account manager by using the websites online contact form.

EZTrader Deposit Bonus

Like many brokers these days you can earn a matched deposit bonus as a first time trader. The EZTrader bonus offers up to a 100% first deposit match. The exact amount depends upon the level of your first investment therefore you need to decide on your first deposit carefully.

An upper limit is placed on the amount that can be awarded to a trader as a bonus. It is thus important to check the brokers current promotion to determine the exact terms and conditions at the point of sign up.

Assets


DAX Future, DAX 30, NASDAQ 100 Future, Dow Jones, S&P500, NASDAQ, FTSE, CAC40, IBEX 35, TADWUL, KUWAIT, BOMBAY SE, HANG SENG, SSE180, S&P 500, STRAITS TIMES, KL FUTURE, TOPIX,  NIKKEI 225, NIFTY, IBEX, ASX


EUR/USD, GBP/USD, GBP/JPY, AUD/USD, GBP/JPY, USD/JPY, USD/CAD, USD/CHF, EUR/GBP, EUR/JPY,  USD/TRY, USD/BRL, USD/RUB, USD/EGP, USD/SGD, USD/ZAR, NZD/USD


Crude Oil, Natural Gas, Gold, Silver


Google, Apple, Ebay, Baidu, Amazon, Intel, Cisco, Dell, Sandisk, Teva, Qualcom Inc, JP Morgna, Monsanto, Disney, Boeing, Potash Copr, Microsoft, HSBC, French Telecom, Deutsche Telekom, Deutsche Bank, Barclays, Daimler AG, Sanofi-Paris, BP, EDF, BBVA, Vodafone, Tesco, AXA, Telefonica, Inditex Madrid, BMW, BNP Paribas, Credit Agricole, BHP Billiton, Commonwealth Bank, Rio Tinto, Toshiba Corp, Mitsubishi Financial, TATA Motors, TATA Steel and Reliance Industries


EZTrader Verdict

Pros
  • A good range of assets to trade in addition to an easy to use trading platform
  • Reasonable payouts and a ‘sell back’ facility to close your option contract early
  • Due to NKR and SKR these accounts will ultimately be useful for some traders
Cons
  • Only High/ Low options available which therefore limits the strategies that you can trade
Summary
Review Date
Reviewed Item
EZTrader
Author Rating
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