EZTrader.com – Binary Option Trader Platform
EZTrader.com – Binary Option Trader Platform.
Use EZtrader Binary Option Trading Online Software, gain up of your investment within less than one hour. Free Bonus are waiting for you. Use The Binary Option System to make lots of cash and fast.
Objective Review of users and visitors all over the web:
1.1
EZTrader entered the binary option trading market in October 2008, the first to market the type of binary options reviewed here. They adopted the strapline ‘Option trading made easy’ which focuses on the ease of binary option trading and the simplicity of their site. The site is 100% web based which makes the user experience more hassle free and more enjoyable.
They offer trades on over 40 assets covering the USA and European markets.
EZTrader keeps its users up to date with current market news via their Reuters news feed, asset information links and real time asset price graphs.
Staying competitive in the market, they offer payouts of 60-70% on in the money options with a less competitive payback of 0-5% for out of the money options. They have a secure trading environment which protects an investor’s personal, financial and trading information.
The site is functional and attractive and though relatively basic it ticks all the boxes for an honest and user friendly trading site.
As is usual, the ownership of the company is unknown except for information on the site, stating that “EZTrader.com is a private corporation. It is managed by a few veterans of the European financial industry and some expert technologists.” So far, all of our experience using their site cannot fault this.
Special features:
* Real time viewing of asset’s market price
* Promotion available daily
* 44 underlying assets to choose from
* Today’s Call and Put % split
* Helpful Customer Support
Company information:
Name: EZTrader
Website: www.eztrader.com
Established: January 2009
Country: Cyprus
Email: support@eztrader.com
Tel: 646 666 9677
Ratings review:
EZTrader rating – 72 stars out of 100
Usability – 7 stars
The EZTrader site is a simple and unfussy site. Its glossary and FAQ sections are clear and useful tools which help its users understand the basics of binary option trading.
The My Trade section is comprehensive and enables investors to see all past and current trades. Additionally, the My Account section provides succinct information about how to deposit and withdraw funds and the status of these actions.
No software download is needed, as the EZTrader platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.
A downside of the site is navigating and understanding the assets. Rather than being able to select an asset and discover its available expiry times, an investor must first select the relevant asset tab and then check the End of Day tab. This is an unnecessary extra step should a user wish to quickly purchase an option. The site also lacks further information regarding the asset such as trading times and general asset information. However on some indices there is a News button taking the investor to news bites about that particular asset. This is a lovely touch to the website.
A downside to the site is that the maximum investment amount per option is $1,500 which limits the potential returns.
Overall, using the site is an enjoyable experience.
No. of assets – 7 stars
EZTrader offers options on the following assets: 7 indices, 25 stocks, 8 currencies and 4 commodities, totaling 44 assets for purchase. These assets concentrate on the USA and European markets.
Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.
Effective return – 7 stars
The effective return is the total percentage of return offered on an option. On the EZTrader website this is 75-85%, split between 60-70% for in the money options and 0-15% on out of the money options. This is near the top end of the industry, though an investor will only receive 0-15% payback on Nasdaq options which means he could potentially lose 100% of his investment on most of the site’s options.
Languages – 5 stars
The EZTrader website is only available in English.
Website extras – 8 stars
A useful feature of the website is the graph displayed next to each asset, showing the real time market prices of the selected asset. This shows an investor the recent fluctuations of an asset.
Additionally the Homepage has a couple of interesting features. Today’s Trades is a box showing the percentage split between Calls and Puts that day. The Reuters Financial News live feed is also displayed, enabling users to keep up to date with the market news.
Fees/commissions – 9 stars
EZTrader does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. A user may also withdraw money as many times a month as he wishes at a cost of $20 by cheque, $30 for wire transfer and at no charge to withdraw by credit or debit card, as long as the amount is not larger than that initially deposited by the card. Over that amount, his PayPal account is credited with the withdraw balance.
Loyalty offers – 10 stars
The EZTrader site constantly offers bonuses to its customers on the Homepage of its website. These normally entail a bonus once a deposit of a certain amount is placed into the account. They also place no limit on the number of times a user can take advantage of the bonus which is an extremely beneficial feature of the website.
Payment methods – 5 stars
Deposits can be made by credit card only. Accounts are held in US dollars.
Support quality – 9 stars
The EZTrader Customer Service team is available by phone on four international numbers and by email. Additionally there is a live chat with a customer service team representative where they respond immediately and are extremely helpful. The service is polite, speedy and helpful. The opening times for customer services are unspecified.
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1.2
Ok i signed up with them today, and you have to fund your account with either credit card or paypal and i think there is third option wire..
The minimum amount to deposit is 100$, so i did i deposited w paypal and got my funds added right away.
The next thing was kind of simple i had to bet basically with the money, if the rate is lets say: 124.23 and u click up u can bet that if in one hour when it closes(and gives results of outcome), the rate will go higher than the 124.23 so even if its 124.24(1number different) you still win. The minimum is 30$ to invest in each bet and u get 68% if u win. Its same for down a.k.a put, you just have to bet if the rate will go down.
Of course the rates change almost every second, so u have to look at the history and know a little about that stock item and by it maybe judge if it will grow couple of points or not, or drop couple points or not.
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2.
Here are some concerns potential binary options traders may have.
Altered Prices:
* There is no way EZ Trader can alter the prices that are sent to them from Reuters.com.
* There is a delay of about 2-3 seconds
* The delay was put in place due to customers saying that they weren’t able to get in on the trade at the strike price they would have liked.
* This delay is not present when the final expiry is calculated.
Here is a link to the FAQ where EZ Trader describes how the expiry is calculated.under the question “What is a weighted average?”
Registered Offshore:
* To people that live in North America, UK or Australia Cyprus is an offshore country but it still has its own jurisdictions and laws that EZ Trader must abide by
* This is actually a benefit to the user as he/she has no extra fees that he/she needs to deal with and he/she deals with own taxes
* If you are weary of EZ Trader packing up shop without notice it is recommended that you speak with the Customer Service department and only keep a certain trading amount in and withdrawing your earnings once a week.
I.D. required when withdrawing funds for the first time:
* Every online trading platform requires the end-user’s I.D. for security purposes to the end-user of course
* Credit card and I.D. theft are widespread crimes these days and EZ Trader must insure you are in fact who you say you are.
* They do not require your Social Security number, this is one of the benefits of EZ Trader being registered offshore. Many other Trading Platforms require your Social Security number before being able to finish your account sign-up
* Tip #1:If you are submitting both sides of your credit card for I.D. it is HIGHLY recommended that you cover your CVV before you scan the back of your card and insure it is not visible in the scan. (Here is information on why your CVV is not required)
* Tip #2:When scanning your documents be sure that they are in grayscale and that the scan resolution is set to 72 DPI
Call from 000-012-3456 Call I.D. ethan.rus:
* Ez Trader does make calls from Skype.
* The I.D. is confirmed
* This is so they can provide multiple numbers for the end-user to contact without cost of contacting another continent.
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3.
Today I bring you a review of a site I ran across called EZTrader.com.
EZTrader.com allows you to easily place bets on options in the stock market and FOREX market. If you profit, your option pays out between 65% and 81% of what it cost you to buy the option. So if you bought an GOOG (Google Stock) option for $100, you could make $165. However, if you don’t profit, you lose between $95 and $100. Because the outcome is based on the underlying stock price going up or going down, you pretty much have a 50/50 chance of either outcome. If the stock goes up, you profit. Goes down, you lose.
And that’s pretty much all you need to know, because those odds kill your chance of making money anyway.
I can’t remember where I clicked the banner for it, but in reading about it and doing a little research I realized that there is quite a bit of controversy over it so I thought I would share my analysis.
(My analysis isn’t favourable, so sorry to any hopefuls)
I cannot find any way to make the math work out in the investors favor. Here’s what I’ve got:
The best Win:Loss Ratio you can get is 0.65:1 (You can win $65 for every $100 risked). I used the case for the FOREX, but I know there are S&P500 that pays out higher numbers like 81%. But it doesn’t matter. As long as it’s below 100%, you’re odds of making money are slim.
So, a win:loss ratio of 0.65-to-1 means you need to win your trades 61% of the time to break even. More if you want to profit.
Think about it this way: if you could win as much as you could lose (1:1, or in EZTrader.com lingo “100% profit in one hour”) then you would only need to win 50% of your trades to break even. It’s like flipping a coin with equal payouts. But, since you can only win a fraction (0.65 or so… less than 1.0) of what you can lose, you’ll always need to have winning trade MORE than 50% of the time to profit in the long run. Around 61%. That’s important, because you odds of the stock going up or down after you purchase your option is 50/50 (not 60/40).
If you try the option hedging techniques suggested on other blogs, then you are decreasing your Win:Loss ratio. You get less bang for your buck. If you put everything on a CALL or a PUT, then your Win:Loss ratio is 0.65:1. You could gain $65 or lose $100.
If you split your bet 50/50, then you spend $100 but will only ever gain $50 x 1.65 = $82.50. In other words you will always lose $17.50. Your Win:Loss ratio is -0.175:1. Horrible.
Anywhere in between 100/0 and 50/50 is just a variation. For example, if you spent a total $140 – $100 on a CALL and $40 on a PUT, you will either come out with:
PUT Wins: $40 x 1.65 = $66 (a loss of $74 from the $140 it cost you in option premiums)
-or-
CALL Wins: $100 x 1.65 = $165 (a gain of $25 from the $140 it cost you in option premiums)
Thus you risk losing $74 in order to gain $25. Win:Loss ratio is $25:$74, or approximately 0.33:1.
With a Win:Loss ratio of 0.33:1 you need to win about 75% on an average of ALL YOUR TRADES in order to BREAK EVEN. Win more than 75% of your trades to profit. Good luck with that.
In fact, you have better chances at a casino in terms of odds. At least there it is closers to 51%. Plus, a casino (or anywhere else) would let you place bets bigger than $1500 on one trade. Who is going to get rich when EZTrader.com caps your bets at $1500 bucks? C’mon! This program is obviously aimed at a cash grab from amateurs with a credit cars who can’t do math.
I know of far more simple and better chances of making money. I suggest using one of those instead of EZTrader.com. Zero stars out of ten.
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4.
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If you’re looking for a less complicated way to trade the forex, then you may want to consider using binary options. These are one of the newest paths to trade on the markets, and they have the advantage of being terribly simple to understand. As you may know, forex is a huge market that trades 24 hours a day, 5 days every week. That is one of the reasons it’s so popular with traders who could be working a official job in the day.
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One more reason that folks are attracted to trading currency exchange is that it permits great leverage of your investment so you aren’t restricted to profiting by just the few per cent the price may change. Binary options are simple to understand. They can be traded on many different sorts of monetary security, including currency pairs. The price tag varies depending on the price and time the binary option expires, and the nominal payout is sometimes $100.
The price you need to pay for a binary option reflects the market’s idea of your chance of winning. One key for profiting from binary options is that the payout isn’t linear, that is you don’t get more the further the price runs. You make the same earnings when the underlying security just edges into a win by one point or one cent as you do when the safety romps over the line.
The binary option is in essence nothing less than a bet on which way the cost of a stock, an index, or a foreign currency will move. You can select up or down and place your bet. When the option date and time is reached, you will see if you were wrong or right. If you were incorrect you continue to get 5% at www.eztrader.com, and if you were right you win a fixed amount, maybe $100 or $1000 depending on the contract and the original investment.
Binary option trading is such a recent invention in the markets, that many traders don’t realize just how they could use it to good effect. The option is either above or below the cost of an economic security at the expiration date and time, and you either get paid or you don’t. If you’ve a binary call option and the price at expiration is more than your strike price, then you profit by a defined amount, typically $100 or $1000 depending on the market and your primary investment. If the price is less, you get nothing, unless you trade with www.eztrader.com, in which case you’re still left with 5%.
If you deposited by Visa card, EZTrader.com will refund your Mastercard account up to your deposit amount. Past this amount, EZTrader.com will credit your PayPal account.
If you deposited by PayPal, EZTrader.com will credit your PayPal account with the entire withdrawal amount.
Save cash and time when you shopping on eztrader.com.
Valid Current EZTrader Discount Codes, Coupon Codes and shipping free Codes, EZTrader money Off Coupons, Promotional chit Codes can all be found easily here.
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5.
Hello everyone,
We have completed our review of EZtrader and have found EZtrader not only to provide excellent customer support but process withdrawals in good time as well.
Their binary options trading platform is very userfriendly and both the inexperienced traders and the more experienced ones that tested the EZtrader solution enjoyed trading on it.
So if you are looking for a quality online binary options broker then we recommend that you visit EZtrader.
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