EzTrader is lead by its parent company WGM Services (Cyprus) Ltd. The web portal is operated by the since the year 2008 to provide an easy and user-friendly platform to its customer. The company is regulated by the governing bodies of financial markets of the European Union –CySEC.
Earlier in 3rd quarter of 2014 CySEC suspended the license of the EZTrader and its parent company, citing suspicions of alleged violations regarding the safeguard of client funds.
It was announced by the CySEC on its website under the tab -‘Pubic Information’ (announcement) that the company EZTrader (WGM Services) complied with the provisions of investment services and regulated market laws. Therefore, suspension of the authorization of the Cyprus Investment Firm ‘WGM Services Ltd’, under license number 203/13 is withdrawn by the regulating body CySEC. The regulations and license compliance are hosted by the EZTrader on their website.
Eztraders deals in the assets like currencies, commodities, stock and indices it provides a simple and easy online trading platform in binary options trading. The most remarkable feature of the platform is that it offers the highest payout with 95% of the return. The bonus terms are not so clear on the website, but they offer bonus up to 25 times. It is one of the oldest online brokers in the market and offer services in almost 10 languages.
They offer a service called Sell Option, where you can sell your Option before its expiry period and can realize the profit soon. The platform offers products such as Long Term, Pairs and traditional Binary options trading.
Deposit And Withdrawal Process
Eztraders offers its trading options with a minimum deposit of $100 which lowest among all listed brokers in the markets. However, for first trading you need to make a minimum investment of $25 and a maximum investment of $3000. The depositing funds is easy and simple with Credit Cards, Fast Bank Transfer, Skrill, Webmoney, Neteller, and Safe charge. All of the above mentioned online payment methods are simple, secure and use to do transactions worldwide.
In case of withdrawal process, you need to put across your bank details on the platform and transaction get processed in 48 hours and EZtrader does not charge any fee for withdrawal.
The learning resource of the online trading platform provides all the necessary tools and information to learn binary options trading. The education center includes a series of videos and eBooks in which binary options tricks and tips are explained in a very simple manner.
An overview of binary options trading with facts and statistics is available. Apart from those, Financial Calendar, Tutorials, Glossary, Binary Options Signals and Trading Strategies provide a very wide and detailed knowledge of the subject. The traders can learn so much the platform that it will increase their chance of getting success in binary options trading. The various risk management strategies explained on the web platform are Hedging options strategy, Straddled strategy, Risk reversal strategy and Market analysis strategies such as Indicators, Signals and Commodity stock affect strategy.
EZTrader has also released monthly Binary Options Magazine to provide necessary information, events, news related to the trade. A series of FAQs are also hosted on the website to educate traders regarding the norms and process of the trading with respect to the online platform of the EZTrader. The information regarding opening account, deposit, and withdrawal and trading are answered in a simple and effective way.
Customer Support And Services
The web portal offers an innovative customer support system with a multilingual efficiency of more than 10 languages which are English, Spanish, French, German, Italian, Swedish, Russian, Turkish, Portuguese, and Chinese. To connect with the customer support team has various options such as live chat, phone, contact form and email over the web portal with which customer can easily connect with the team at any time 24/5. You will get a prompt reply over the email and live chat for your queries.
Being the oldest broker in the market, it is not using any purchase platform rather they have developed their own platform for the trading. Over the time, they have improved their interface and functioning a lot to provide a smooth ride to its traders.
However, once blacklisted though temporary by the CySEC, EZTrader got defamed for the not handling customer funds with compliance of laws. But, they made a comeback and restored their transparency. Since then no glitches has been coming up in the news about the EZTrader. Therefore, it would be safe and wise to trade with this broker.