EZTrader is a broker regulated by CySEC in Cyprus, license #213/13. They are owned by WGM Services Ltd., a subsidiary of publicly traded EZ Trader Inc, see here. Their main office is located at 11 Vizantiou Street, Office 401, Strovolos, Nicosia, Cyprus. Their phone numbers are: UK +44-20-3608-1951, Germany 0-800-723-7958 & Italy +39-024-032-6012.
EZTrader Does Not Allow Traders From The USA or Canada, see the Top Rated Broker here.
EZTrader Platform Review
EZTrader offers traders a mobile app called EZMobile for trading binary option from both Android & Apple device.
Their trading platform is a unique custom built binary options trading platform. They offer binary options, 60 second options, daily options and weekly / monthly options. They also offer up to 95% returns on a variety of assets. They offer the standard 15 currency pairs, along with over 75 stocks, and 15 stock market indexes.
Their long term options go out as far as six months, but they are not at the money high low options. They are more similar to ladder options with far out of the month strike prices and high returns.
EZTrader Signals & Robots
They are most popular for their OptioNavigator signal generating bot, see here. The signal algorithm is constantly scanning for new trade ideas, and integrates directly with their trading platform. The down side to the robot is that it does not have the ability to automatically place trades for traders, and the sheer volume of signals can be confusing for many traders.
Read more about the various trading signals and auto trading software available from brokers.
Currently they are offering new traders a 100% Welcome Bonus, Signup Here.
Traders should be sure to read the fine print and the terms and conditions before accepting a bonus from a binary options broker, read more.
When we review a broker to determine if they are a legit broker or a scam broker it is a very simple test. Do they hold a license and are they regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)? The reason traders use a licensed broker is because of the complaint form. If you have a problem, and the broker does not resolve it, you can go to CySEC and submit a complaint. Read more about common broker complaints here.
So is EZTrader a legitimate binary options broker or just another scam? Because they are licensed by CySEC, this makes EZ Trader a legitimate binary option broker and not a scam. In addition to their CySEC license, they are authorized by: United Kingdom FCA, Denmark Finanstilsynet, Banque De France AMF, Italy Consob, and Germany BaFin. Click here to view EZ Trader’s CySEC certificate.
Until February 2014 EZTrader was still accepting traders from the United States. With the recent changes in regulations and since they are now licensed and regulated by the CySEC in Cyprus, they no longer accept traders from America.
Compare EZTrader With Other Brokers
An Apples to Apples comparison of EZTrader is hard to do as there are no other brokers that use the same trading platform as them. There are other binary option broker that traders should consider. TopOption (read review) is one of the most popular brokers in the world with many offices. They use the SpotOption trading platform, see here. Banc De Binary (read review) is an EU licensed broker and they work with the signal software called PayDay, see here.