Trading Binary Options can be quite profitable, if you are experienced enough. In an attempt to become even more proficient, you need a good broker that will not let you down. It is terrible when you do not know who you give your hard earned money. Therefore, we are here to warn you, which broker is imperative to be avoided: EZTrader.
Does this company has something special when it comes to their history and regulation? Well, not really.
EZTrader.com is owned and operated by WGM Services Ltd. It was founded not a long time ago, 2008. On the website they have provided just a little information. Their address is stated like: 11, Vizantiou Street, Office 401, 2064, Strovolos, Nicosia, Cyprus. The broker claims to be regulated by CySEC with a license number 203/13. Honestly? There is no surprise. Most scam brokers like EZTrader scam have a tendency of showing such regulation, and CySEC nowadays does not guarantee a trusted and reliable options broker. Same with Mifid. Furthermore, there is no possibility to verify the information provided by EZ Trader. That is why do not deal with whom you do not know well.
Scam brokers try to position themselves as those who are just the №1 in the world and others are simply no match for them. As you might have guessed, EZ Trader is not an exception. In the “About us” section they claim to offer the best service at all times doubled with the phrase that they have started trading revolution. It is just ridiculous and thus avoid this broker. Just go for one of good binary options brokers.
At this broker, you are not offered any multiple account packages, but instead you have only one. EZTrader review has found out that this broker requires $100 deposit. But here is what surprised us. In reality, minimum deposit evaluates $200 and only “nice” customer support notifies you about that. If this a broker you dreamt of? We doubt. The first thing we should admit is that EZTrader has designed its own trading platform, which operates directly from the browser. Nonetheless, it lets us hope for the best. The interface is not intuitive or user friendly, and will take a while if you try to adjust to it. Many EZTrader reviews tell the same and ours is not an exception.
In a nutshell, the EZTrader platform enables a trader to open up to four trading instruments simultaneously in a small mode. Beside that, there is a possibility to choose between 1 day, 2 hours, 1 hour and 30 minutes timeframes. As for the order execution it is made after you decided on the amount and then you need to click call or put button. Even though simplicity of order execution is a good feature, do not be deceived because EZTrader is a scam.
Since EZTrader binary options is a scam that is only interested in personal greed and your money, it has developed a high variety of deposit and withdrawal options. Except for using credit cards, a customer can also deposit via online payment systems and the wire transfers. Indeed, the wire transfer necessitates contacting with the support. The deposits via online payments and credit cards are said to be immediate, while the wire transfer takes from 5 to 7 days. As for the withdrawals, they hypothetically can be done via wire transfer or credit card.
But there one huge pitfall. Withdrawals to the credit card simply cannot exceed the deposit amount made from just the same card. This is one of many reasons why EZTrader is a scam. Moreover, there is a $25 fee on every withdrawal made by the wire transfer, whilst credit cards withdrawals do not have any fees. Both methods of withdrawals require 5-7 working days to be processed.
EZ Trader binary supports 10 languages, which close to be satisfying. The customer support of EZTrader is performed via phone, e-mail or live chat. However, the live chat is not available for non-registered visitors, which is not very good. Generally, the live chat presence is an ordinary feature. But this broker considers it to be a premium one, which is strange at the first glance. But what else can you expect from total scam broker?
EZ Trader has made account application simple than ever. Consider this an advantage? Well, it is not. It means that the broker is not interested whom it is dealing with. For EZTrader money is all that matters.
We do not recommend this broker to anyone. If your aspiration to keep your money safe and make them work, then you should definitely look for a trustworthy broker. Thereby, ignore EZTrader binary.