EZTrader welcomes US traders from all parts of the United States. EZTrader is different from any other broker that we have reviewed so far. It has its pros and cons and depending what you find important as a trader, this might be the best broker you come across so far on our site or not.
You can get 50% deposit on your first deposit of $500 and up to $2000 upon depositing $4000. The terms and conditions are fair and manageable.
EZTrader offers the highest payouts on Fair Binary Options so if that is important for you join EZTrader. The payout goes as high as 95% on specific stocks on certain times of the day. We normally see 85% being the highest pay-out. Gold tend to be traded with 65% – 75% margins but on EZTrader you can get a whopping 82% return on your investment.
On the contrary EZTrader only offers 65% – 72% on currency pairs, which is far lower than the 85% your normally get in this very volatile market.
If you are a serious trader you need EZTrader in your portfolio simply to benefit from their great pay-out ratios on certain stocks. The extra 10% -20% you get will play a significant role on your overall profit rate and track record as a successful trader.
In some markets EZTrader has the highest payouts that we have come across with a 95% payout rate. The standard payout is between 65% – 85% so this is certainly a big upside when creating an EZTrader account. Stocks and commodities are what you should trade when joining EZTrader. If you are an expert trading currencies and only trade forex and currency pairs you are not in the need of a EZTrader account yet.
EZTrader has their own software. It is not like any of the typical white label brokers you find online. The advantage is that you can trade certain assets at a more profitable rate, simply because they set the payout higher than most brokers.
The software is however not as fast as you will find elsewhere. When you load the charts and graphics it tend to lack a bit, which slows you down trading. When you have commenced a trade you can follow your open trades on the right hand side of the screen.
EZTrader offers demo accounts for trial trading. You need to contact costumer support to get a free demo account.
EZTrader has something called SellOption. This is where you can buy an option and sell it back during the trading period. The SellOption makes it possible to close a trade early and collect a profit prior to the original expiration period. This is also called Early Close elsewhere.
It is very cool that EZTrader has divided the stock markets into regions so its called EU, Asia and US. This enables you to quickly find the timezone and market you prefer to trade.
Please stay alert for what is called “Long Term” at EZTrader. You will find payouts above 100% which naturally means that it is not a regular call or put option. You see a underlying price and once you select call/put the price will jump depending on the direction chosen. Do not fall into the trap of buying these. The payouts are incredible low compared to the risk and probability. These are normally advertised as Touch Options or High Yield Option whilst EZTrader has called them Weekly options or Daily Options which can be rather confusing.
The customer support did not impress us much. At times it was not possible tog get a hold of the support for hours via live chat. We waited by the chat and sent a mail instead. By the time we got a reply the options related to the issue had expired.
We tried talking to the management about the issue but it got us nowhere. We did get replies but they did not make much sense to us and seemed like auto-generated replies avoiding the issue.
The website is in many languages and cater towards the global market of binary options traders.
The banking options with EZTrader are amazing. Not only do you find all the regular deposit methods that you can see on the box on your right there are an additional 19 different deposit methods available. We used Moneybookers and had our funds instantly available to us in the client.
EZTrader has to comply with international banking laws. This means that you have to provide
Please keep in mind that we highly recommend that you cross out the digits in the middle so it will appear like this 1234-xxxx-xxx-1234. The last four numbers are the ones important to the brokers to assure the card is not stolen.
EZTrader has a aggressive dormant account policy that you should take notice of. If you leave your account untouched for nine months all your funds will be forfeited to the broker.