Our complete test of the EZtrader platform

eztrader--options-binaires

EZtrader is a binary option broker established in 2008; it was one of the first to offer binary options in order to allow individual traders to invest in the financial markets with ease. 5 years later, it is still there and that is probably due to its parent company, which is neither more nor less than the group Win Global Market Inc. based in the United States and listed on NASDAQ under the WGMI code.

Trading with EZtrader

EZtrader allows the opening of an account from 200 dollars for a minimum position of 25 dollars. Therefore, the trader who would open an account with the minimum deposit would trade via a money management of 12.5% of its capital, which is very risky. It is therefore advisable to, either deposit a larger sum, or take advantage of the bonus negotiated by our website. In fact, opening an account on EZtrader through this link allows you to enjoy an exclusive bonus of 100% instead of 0%.

It is possible to trade on a selection of about 91 assets including U.S. stocks (Ebay, Disney, Facebook, Apple, Amazon …), European shares (Axa, Fiat, France Telecom, Vodafone, Tesco … ) and Asian shares (FujiFilm, Sony, Anz Bank …), as well as indices (Cac40, Dax …), commodities (gold, silver, copper and oil) and currencies (EURUSD, GBPUSD…).

The trading platform

On the trading platform, EZTrader uses its own technology. It is relatively unfortunate since it is not very attractive and has only one way of trading, namely the High / Low option. On this platform, it is possible to display 4 graphics and assets simultaneously. Thus, it is sufficient to select the assets that you want to trade from the drop-down menus, as well as the deadline and amount to invest in Put or on Call.

EZtrader-option-binaire-plateforme-trading

The images of this article are in foreign language because the test has been originally realized for the French version of the website. However, note that the Eztrader platform is also available in English.

The monitoring of open positions is directly below the charts with a summary of the latter ones.

eztrader-suivi-positions-ouvertes

EZtrader allows its traders to resell their options to it before the end of the maturity thanks to what it refers to as the “SELL OPTION”. For example, you open a PUT option on an asset over a 1 hour maturity. After 30 min of changing the course, this asset is thus for now located above your entry points “in the money”. If you are not sure that the trading price will remain at the top of your entry before the end of the maturity, you can then close your position by reselling your option in EZtrader. However, the yield will be recalculated and defined according to current market conditions.

The yields

EZtrader offers yields of up to 95%, which places it among the brokers proposing the highest yield rates. However, this level of performance is not a generality and is only offered on a selection of well-defined assets and maturities. The overall yield is around 80-85% and may fall within the 75% following the trading period as reflected in the image here-below.

EZtrader-rendements-actifs

Mobile Platform

EZtrader offers its most mobile traders to use its mobile platform, available for devices running on Mac (iPhone, iPod, iPad) or Android. You just have to download the application directly from the AppStore or Google Play.

eztrader-mobile-2 eztrader-mobile-1 eztrader-mobile-3

Deposit and withdrawal 

You can make deposits and withdrawals from various means, including credit card, bank transfer and electronic means such as MoneyBookers.

eztrader-depot-retrait

The deposited funds must be withdrawn from the same credit card as the deposit. All others can be withdrawn by bank transfer. Withdrawals by bank transfer are charged 25 dollars.

Conclusion

EZtrader has opted for probably too much simplicity as it provides the bare minimum to its traders. Its unwelcoming platform, the fees charged for withdrawals via bank transfers and the slight trading possibility places it at the bottom of the chart among binary options brokers, despite its maximum possible yield of 95%. This is unfortunate since it has the ability to do better.

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Comments

  1. Admin said: 28/08/2013

    Have you got any questions about the test of Eztrader platform ? Please submit your question here, we will respond very soon !

  2. Admin said: 19/09/2013

    Update in September 2013: EZtrader is now a broker that is regulated by the CySEC

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