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EZTrader Review

EZTrader Review

EZTrader was a binary options broker owned by WGM Services Ltd., a subsidiary of publicly traded EZTD Inc, see here. Their main office is located at 11 Vizantiou Street, Office 401, Strovolos, Nicosia, Cyprus. Their phone number is: +44 203 608 1951, and email address is [email protected].

EZTrader Platform Review

EZTrader is one of the original binary option brokers. They were the first to launch binary option trading in 2008. 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 offers traders a mobile app called EZMobile for trading binary option from both Android & Apple device. The minimum deposit for a new account is $250.

The most popular trading signals system that people use with EZTrader is called CorrecTrade, see here.

EZTrader Broker Image

EZTrader License

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?

The reason traders use a licensed broker, is because there is a regulator you can submit complaints too, see CySEC. You should also familiarize yourself with the common broker complaints here.

So is EZTrader a legitimate binary options broker or just another scam? Since they are licensed by CySEC in Cyprus, license #213/13, this makes them a legitimate binary option broker.

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“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”