EZTrader is not the most well-known binary options broker out there, but their overall performance has earned some good reviews from traders. The trading platform is powered by Spotoption, a leading provider of binary options trading platforms. The company offers traders one type of trading account to trade the world’s leading assets. Please read the review below to learn more about this broker.
- Founded in:
- Nicosia, Cyprus
- The Owner:
- WGM Services Ltd
- +1800 435 7042
- Online form
- Minimum Deposit:
- 200 USD, EUR
- Minimum Trade Amount:
- 30 USD, EUR
- Maximum PerTrade:
- 2,000 USD, EUR
- Languages available:
- English, Spanish, French, Italian
The trading platform is 100% web-based, so you can access it from any computer you desire. There is a great choice of 83 underlying assets on the EZTrader trading platform: 33 stocks, 15 currency pairs, 7 commodities and 28 indices.
You may either buy (Call) or sell (Put) a binary option on this trading platform. A regular binary option pays up to 95% payout for in-the-money. For out-of-the-money you are liable to receive between 5-10 % payout. However, the One Touch options offer a payout of up to 500% – a profit making opening.
Follow your trades with a graph until the expiry time, making the trading process pleasurable. When your trade is close to the expiry time and you think it will expire in your favor, then you can create a new binary option trade with the same conditions at the current price with a feature called double up. Therefore, you have the ability to double your potential profit while trading binary options.
The best way to follow the market is by reading the Reuters news feed, the Daily Market Analysis and other resources on a daily basis. Leading education features are the FAQ and Dictionary, giving you an insight into the questions, answers and key terms of binary options trading.
There is the Option Builder feature, allowing you to build your own binary option with your preferred preferences. All you need to do is choose the asset, expiry time, profit level and investment amount. You will also finds the Rollover an interesting feature, as it allows you to rollover your profit to the next available expiry time if you feel that your option is currently going against you.
The customer support is decent, but we could not find a direct email address – only an online form. There are several international contact numbers and a useful call back feature. We found the live chat helpful, as the EZTrader customer support representative assisted us with all the trading questions we had. Their team also gives free seminars and complimentary 1 on 1 personal training. These are the services that only the best brokers offer to their clients.
The EZTrader trading platform has a high quantity of user friendly features, which helps any trader get off their feet. The trading process is simplified with personal account managers that provide the necessary assistance for novice traders. Make sure to get hold of additional education materials, as these provide the main characteristics of binary options trading.
The bonuses this broker offers does help new clients while they trade on the markets. You may also have your trading account based in dollars or euros – a big plus. What has assured many traders is that the EZTrader trading platform is powered by Spotoption – a leading provider of binary options software.
EZTrader is an up and coming binary options broker, and there is still a lot of potential for their brand to grow. If you are looking to get an easy start to binary options trading, you will find EZTrader a reasonable proposition. All you have to do is visit their website, check out the trading tools, open a standard account and you’re on your way to trading binary options.