Founded in 2008, the EZTrader brand is the most recognizable brand for binary options online traders from all over the world. This is because the binary options online trading platform was one of the first platforms that started operations when retail binary options online trading was first introduced in2008. The EZTrader trademark belongs to a holding company called WGM Service Ltd, a subsidiary of the publically listed company on the U.S OTC market called EZTD Inc. Operating out of Cyprus, EZTrader today has expanded its operations all over the world, to cater to the trading needs of all its clients.
The EZTrader brand is owned by a U.S public listed company, trading under the ticker symbol EZTD on the U.S OTC market. However, the brand is managed by two separate subsidiaries under the company name WGM Service Ltd and EZTrader Ltd. Each of these companies manages the brand name under a different domain name with WGM Service Ltd under www.EZTrader.com and EZTrader Ltd under https://options.EZTrader.com.
The companies are also regulated by different regulatory bodies with WGM Service Ltd. by the Cyprus Securities Exchange Commission (CySEC) with the CIF license #203/13 and EZTrader Ltd by the Vanuatu Financial Services Commission under the license number #300201. Their respective offices are located at #11, Vizantiou Street, Office 401, Strovolos, CY-2064 Nicosia, Cyprus and Govant Bulding, Kumul Highway, Shefa Vanuatu.
EZTrader currently offers more than a hundred types of underlying assets on its highly efficient trading platform. Traders at EZTrader can be assured of superior services with a professional team of customer support representatives, which are on hand from Monday to Friday, 8am until 9pm GMT to respond to any request for assistance.
The trading platform which EZTrader has provided its traders, is a proprietary trading platform. The trading screen is divided into 3 main sections with the available assets listed on the left of the trading screen. The price chart is displayed in the centre of the trading screen. On the right of the trading screen are additional action tabs for access to functions such as live signals trading, market news, information and education centre.
With the EZTrader’s platform, traders can trade with 4 main types of option contracts namely High/Low options, Short term options, long term options and Sell options. The timeframe of the chart is also adjustable with 3 different time frames, 5 minutes, 60 minutes and 24 hour. Depending on the asset traded, the return on investment can go up to as high as 124%.
For the benefit of traders who are constantly on the move and require more flexibility with their trading environment, EZTrader has also provided mobile trading apps based on their web based trading platform. These mobile apps can either be downloaded for Apple’s App store or Google Play store.
In terms of trading assets, EZTrader offers 4 major asset classes namely currency pairs, commodities, stocks and market indices. These include 15 currency pairs, 4 types of commodities, 24 market indices and 77 different types of stocks. The list below shows the full range of assets that are currently covered by EZTrader.
Equities: Abercrombie & Fitch Co, Alibaba Group, Amazon, ANZ Bank – Australia, Apple, AT&T, AXA, Baidu, Banco Santander, Bank of Scotland, Barclays, BBVA, Bezeq, BHP – Australia, BMW, BNP Paribas Bank, BP, Bridgestone Corp, Citigroup, Coca-Cola, Commonwealth Bank, Credit Agricole, Daimler AG, Deutsche Bank, Deutsche Telekom, Disney, eBay, EDF – Électricité de France, ENI, Ericsson, EU, Exxon Mobil, Facebook, FIAT – ITALY, France Télécom, Fujifilm Holdings, Gazprom, Generali, GOLD ETF, Goldman Sachs, Google, Hapoalim, Hennes & Mauritz, HSBC, ICL, Inditex, Intesa-Sanpaolo, JPMorgan Chase, Las Vegas Sands, Leumi, McDonald’s, Microsoft, Netflix, Nike, Nordea, OIL ETF, PotashCorp, Qualcomm, Ralph Lauren Corp, Reliance – India, Renault, Rio – Australia, Samsung, Sanofi-aventis, SILVER ETF, Sony – Japan, Tata Motors – India, Tata Steel – India, Telefónica, Tesco PLC, Tesla Motors, Teva, Teva Pharmaceutical Industries, Twitter, Unicredito SpA, Vodafone, Volvo Group.
Currencies: 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, CAC40 Index future, Dax – Germany, Dax Futures, Dow Futures, Dow Jones – US, FTSE – London, FTSEMIB – Italy, Hang Seng – Hong Kong, IBEX – Spain, Kospi – Korea, Nasdaq – US, Nasdaq Futures, Nifty – India, Nikkei – Japan, OMX Stockholm 30, S&P 500 – US, S&P Futures, Sensex – India, Swiss Market Index, Taiex, Tel Aviv 25 Index, TOPIX 500 – Japan.
Bonuses & VIP programs
At present, EZTrader does not have any kind of bonuses or promotional offers. While most binary brokers have chosen to offer their traders a choice of trading accounts, EZTrader has opted to only provide one standard account to their traders. The minimum initial deposit required for opening a live trading account is $200 with $100 being the minimum for subsequent deposits
Deposits and withdrawals
For the convenience of their clients, EZTrader has provided several methods which its clients can use for making their deposit and withdrawal. They include the following:
- Credit cards (Visa, Discover, Mastercard, JCB, AMEX, Diners)
- eWallets (Webmoney, Neteller, Money Bookers, CashU, Skrill, PaySafeCard)
- Bank Wire Transfer
There are no fees for making a withdrawal at EZTrader but traders are required to withdraw a minimum of 100 units of their account currency. The typical time to process the withdrawal request ranges from 3 business days to 5 business days.
For the benefit of their diverse clientele, EZTrader has also translated the site and platform into 7 other languages apart from English. They include French, German, Portuguese, Spanish, Swedish, Dutch and Italian. The service hours for customer support are from 8 am until 9 pm (GMT) Monday to Friday. The methods for communicating with the customer support team are by email or live chat.
Extra features and resources
As part of EZTrader’s efforts to enhance its clients trading skills, the broker has provided them with a fairly comprehensive education centre. The content of the educational centre include:
- 2 Free ebooks
- Financial calendar
- Lessons of binary options online
- Video Training Course
From our observation, we can definitely conclude that EZTrader is a serious binary broker and is not a scam. Apart its high profile sports sponsorships programs with leading soccer teams such as Tottenham Hotspur and Bundesliga’s VfL Wolfsburg, EZTrader is recognized as a binary broker that puts its focus on quality services to its clients. This is evident by the efficient and secured trading platform that EZTrader has provided its clients. The fact that EZTrader has voluntarily submitted itself to be regulated by 2 different regulatory agencies shows its commitment towards protecting the interest of its clients.
- Intuitive Trading Platform
- Regulated In Multiple Jurisdictions
- Reputable Broker Since 2008
- Support Signal Trading
- Wide Range of Trading Instruments
- Confusing Navigation Interface
- No Telephone support
- Limited support hours
- Can EZTrader be Trusted?
Yes, EZTrader is a trusted broker. The broker is regulated by the Cyprus Securities Exchange Commission and the Vanuatu Financial Services Commission. In addition, it has a strong financial backing with its parent company EZTD being a public listed company.
- How do I contact Customer Support?
To contact customer support, you can either contact them through live chat during the trading hours or by emailing them at [email protected]
- How do I open a VIP account at EZTrader?
EZTrader currently provide its trader with one standard type of trading account and does discriminate between its clients with a VIP account. To open a live account at EZTrader, simply click on the blue “Create an Account” button located on the top right hand corner of the homepage and fill in the registration form
- What is the minimum deposit Amount?
The minimum initial deposit at EZTrader is $200 with subsequent deposit being a minimum of $100.
- What the types of option contracts available?
There are 4 different types of option contracts available at EZTrader. They consist of High/Low, Short Term, Long Term and Sell options.