Our Review of EZTrader
Established in 2008, EZTrader is one of the most recognised online binary options trading platforms. It is currently managed by WGM Services Limited with offices located out of Cyprus.
The Types of Accounts Offered
There are currently four different types of accounts offered by EZTrader and these will primarily revolved around the specific strategy of the investor. These are:
- Sell Options
- Binary Options
- 60 Seconds
Each is associated with a minimum order size of 25 lots and the maximum value allowed for any single holding is $2,500 dollars (or the equivalent in another currency such as the euro).
Promotions and Bonuses
EZTrader offers numerous types of bonuses and the company should be contacted to learn of any new promotions. However, players can nonetheless enjoy some standard amenities immediately after registration. Those who make an initial deposit of $500 dollars can enjoy a matched bonus of $250 dollars. Another programme known as a "trading meter" will track personal trading volumes throughout the day. If this level reaches a certain threshold, the investor will be provided with a bonus of up to $100 dollars.
Fees and Commissions
One of the most beneficial aspects of this platform is that no fees or commissions are charged for trades. This is the primary reason why returns as high as 95 per cent can be enjoyed on occasion. Refunds for out-of-money positions can likewise reach 15 per cent; a figure not often associated with other binary options portals. However, we should note that a fee of €15 euros will need to be paid by those who employ wire withdrawals.
The Trading Platform
EZTrader utilises a proprietary online trading system simply known as EZTrader. Similar in some ways to Meta Trader 4, this platform centrally displays all important metrics. These include (but are not limited to) call and put positions, current trading volume, account balances and open trades. We should also note that a smartphone-friendly system known as EZMobile is great for those who require remote access while out and about. This platform is compatible with both Apple and Android operating systems.
Deposit and Withdrawal Options
EZTrader offers similar deposit and withdrawal options when compared to the other main brokers. Wire transfers, PayPal and Neteller are all acceptable methods. Most major credit cards are accepted. EZTrader also accepts Skrill accounts for those who wish to transfer money within shorter time frames.
Regulations and Security
EZTrader is currently regulated by the Cyprus Securities and Exchange Commission (CySEC) under the licence number 203/13. Thus, investors can rest assured that they are dealing with a trustworthy organisation. This platform is quite secure and utilises SSL encryption; important for those who might be concerned about their personal data. EZTrader is one of the most respected binary options trading platforms on the market and this reputation is likely to continue into the future.
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