A trading brand belonging to WGM Services Ltd (Win Global Markets), EzTrader is a highly regarded binary options trading platform that has been around since the early years of online binary options trading. Based in Cyprus, they come under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). Operating under the CIF license number 203/13 issued in 2013, EzTrader has been getting a lot of publicity lately from the trading community since it became an official sponsor of 2 major football teams, TOTTENHAM HOTSPUR and A.S ROMA. Nevertheless, the broker is not well liked by binary traders, not because of its football allegiances but rather because of the quality of trading services it offers traders.
Like most pioneering binary options brokers, EzTrader uses a proprietary trading platform that was developed in-house. Their trading platform with its recent user interface makeover is eye catching and easy to use. In line with keeping things simple, the trading platform is devoid of any complicated trading tools or charts. Instead what traders get is a crisp clear view of a single line chart displaying the price movements of the selected asset. The chart comes with 4 different time frames, 5 minutes, 30 minutes, 60 minutes and 24 hours. With the trading platform, you can trade in classic Call/Put binary options, 6o Seconds options, Weekly options and Long Term options. There is no doubt that this platform is ideal for beginner traders who are just learning how to trade binary options. Although professional traders will have no difficulties in using the trading platform as well, the lack of sophisticated trading tools might be a turn-off for them.
Deposits & Withdrawals
To deposit funds into your trading at EzTrader, the broker requires that your initial deposit be at least US$200, €200, £200, Skr1621 depending on the account currency that you have selected. Subsequent deposit must at least be $100 or equivalent currencies. Deposits can be made through credit cards such as American Express, MasterCard or VISA.
As for withdrawals, the minimum amount that can be withdrawn is $100. The supported methods for withdrawal can be made either through credit/debit cards or bank wire transfer. For credit card withdrawals, there is no service fee charged by EzTrader. Bank wire transfers on the other hand are subjected to a €13 processing fee. The time scale for the withdrawal process to be completed ranges from 5 to 7 business days.
Customer Support & Education
For any trader signing up with a new broker, the two most important criteria which they must pay attention to are the quality of the customer support and trading education. No trader wants to be left hanging whenever they encounter a problem. As such, it is important to ensure that the customer support service team is up to the task to assist you whenever you need assistance. For EzTrader’s clients, this is one factor which they never have to worry about. The support team is available 24/7 and can be reached through a variety of means such as email, live chat or the telephone.
As for trading education at EzTrader, they understand the importance of ensuring that new traders are properly equipped with the knowledge that they need to trade profitably. Hence in the educational section of their website, you will find plenty of materials that will help you give a solid understanding of binary options trading. Most of the topics are covered comprehensively.
Although EzTrader is a leading pioneering broker in the industry, they don’t seem to have any particular unique features that which makes them stand out from the crowd. Even then, many traders choose to go with EzTrader because the broker is able to offer security and stability in an ultra competitive industry. In other words, their reputation precedes them.
After a thorough review of EzTrader, we think this broker can offer new traders what they need to get started on their binary options trading journey. The trading conditions and returns are reasonable and most of all they offer security. As a regulated broker, you know that your money will be safe with them and when the time comes, you will be able to withdraw your money without any worries. As for professional traders, we feel that EzTrader might not be the right fit for them. The trading platform lacks sophisticated tools and the range of available assets must be rather limited when compared to what other brokers are offering their clients today.