EZTrader no longer operates on a sound financial basis and should be avoided. Review our list of brokers to find an alternative broker.

 

EZTrader was one of the first binary options brokers, when they started operations in 2008. They are now based in Cyprus (and regulated by CySec) and continue to develop a bespoke trading platform. their own . Their in-house development of their own trading platform has allowed them to become a world leader among binary options companies, by ensuring they are always improving their offering. EZ Trader takes great pride in operating their own platform, and also their customer service.

EZTrader has a long association with football – They are major partners of Bayer Leverkusen, Wolfsburg, Tottenham and AIK. They have also been involved with the Grand National and Wimbledon, expanding their sponsorship relationship. This also benefits traders, as EZTrader runs promotions and contests related to match tickets and signed merchandise. Visit the website and search for ‘EZTraderFC’ for details.

Here are some other important details regarding EZTrader ;
  • Demo account – Yes. EZTrader Demo Account
  • Minimum deposit – £50
  • Minimum trade – £10
  • Signal Service – Yes. EZtrader Live Signals Service
  • Bonus Details – Up to $10,000 with coupon code ‘eznew’
  • Mobile Application – Yes. Android and iOS cater for.

Exchange

EZtrader has a slim, slim user interface in their trading area which makes EZ trade(!) Due to the in-house developed platform, the trading area is unique in terms of interface. The available option types are listed at the top of the trading area in selectable tabs. Once selected, the area below will populate the price chart below.

Traders use drop-down lists to select asset classes (commodities, currencies, indices, and stocks – stocks are then broken down by geographical area. If the market in one area is closed, those will be greyed out). Once the asset class is selected, the trader can use the next list with the specific asset. The payout and expiration fields will update based on the selected asset – and the expiration time can be modified if desired.

Once the right values have been selected, the price chart in the main part of the trading area will update. The scale of the chart can also be modified, with periods ranging from 5 minutes to daily intervals. The trading buttons are placed on the left side of the chart, with the red and red ‘up and down’ arrows very visible. Trader enters the value of the transaction in the field between the arrows. Value then updates the investment and return fields automatically, so traders can see potential winnings.

The open trades are then listed below, from here traders can use SellOption if they need or want to.

 

 

Trader Selection

EZTrader offers a good range of trading options to their clients, including the SellOption feature;

  • Binary Options – Traditional Up/Down Trading. Is the price of an asset going up or down?
  • Sell Option – The SellOption feature is where traders can end their trades early or cash in their place. This allows the user to lock in some profit where the trade goes well, or to cut the loss when the price has moved against the trader. It is a useful feature that allows traders to maximize profits.
  • 60 seconds – These trades follow the standard binary options pattern, but the expiry times are very short, as the name suggests, 60 seconds or less.
  • Daily/Weekly – These follow the same rules as standard binary options, but the expiry time is the time the market closes on that day or closes the market at the weekend .
  • Long Term – Long term binaries are an increasing choice among traders who prefer their investments to allow enough time to allow the fundamentals to have an impact. Again, they work like normal binary options, but with much longer expiry times. From two weeks, to twelve months. At EZtrader, long-term options tend to have only one tradable outcome – not both directions as with other trades.

The company also offers options on forex, commodities, stocks and indices. The main range is stocks. EZtrader offers stocks from the US, Europe and Asia. The range in other asset classes is not as large as some rival brokers, but all well-traded assets are available.

Mobile Application

EZTrader offers a free trading app to compliment the full website. The EZtrader app is compatible with iOS and Android (2.3.3 and up) and has been developed for smartphones and tablets.

The entire platform is designed to be cross-device and cross-browser compatible. This ensures a seamless experience from the mobile app to the desktop.

Ease of use has been put at the forefront of design, to ensure transactions remain fast, easy and accurate. All 120+ assets can be traded online, which can also be traded via the mobile app.

The app is secured with the latest mobile finance technology protocols and deposits can be made via several methods on the EZtrader app. This ensures traders can react quickly to changing markets or opportunities.

Open trades and account balances are also available through the app, as well as price alerts and news updates. The app is smooth and efficient and allows genuine trading while out and about. It has also gained favorable reviews from users who have downloaded it before. (4.0 out of 5.0 from over 800 reviews).

Payout

EZTrader typically offers 72% to 95% returns on options. This rate can vary depending on the asset and expiry time. For example, long-term options can yield more than 400%, depending on how far in advance the expiry is set.

Deposit and Withdrawal Options

EZTrader offers a wide range of deposit methods, although these will vary based on the trader’s location. Options for UK depositors are Credit Cards (Visa, MasterCard, Amex, Diners, Discover), Skrill (also known as Moneybookers) and wire transfer. The minimum deposit (to fund a new account) is £200.

Withdrawals through EZtrader follow the same model as most brokers, in that the account needs to be verified before withdrawals can be made. This can be done at any time – so it’s well worth doing early. Delays in verification can lead to delays in withdrawals and this is often the source of disputes or disgruntled merchants. Verify your account early to avoid these delays.

Once the account is verified, withdrawals can be made through the ‘My Account’ screen. As with all brokers, EZTrader will only allow withdrawals by credit card to reach the amount originally deposited via that card. Any additional profits must be withdrawn via Skrill or bank transfer. This process is the same across all brokers and is a money laundering safeguard.

Transfer refunds are subject to a £15 fee. All withdrawals take approximately 7 days to complete according to EZTrader. This is slower than many rival companies can offer, so something EZTrader can look to improve on.

Other Features

EZTrader offers its clients the following features and benefits:

  • EZPay Meter – A simple meter to show cash to be paid on the next payment day. A good bonus for regular merchants.
  • Low minimum transaction – Only £20 per transaction.
  • EZDay – Regular traders earn a free bonus at the beginning of each month through EZDay.
  • Exclusive Rewards – Deposit £500 and get an Education pack worth £5000.