EZ Trader Information and Review

Ranked #2,074 in Business & Work, #85,457 overall

This lens is to provide information about
EZTrader.com
and address concerns fellow users may have before signing up and depositing money with EZ Trader. It will also provide more information about Binary-Options and how to trade with EZ Trader as well as other relevant information about Binary-Options.

EZTrader.com is a Binary Options trading arena. Binary Options allow you to gain up to 75% on your investment within an hour when the option expires "In The Money" - meaning the direction you have anticipated.

Concerns

Here are some concerns potential binary options traders may have.

Altered Prices:


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.

Customer Service Review

I made a user-error on their system: when I went to strike on a trade I forgot I had it in the Put position and realized after I had pressed execute and the trade went through in the opposite direction. I contacted support and they were able to refund me a bonus due to the error. This was highly appreciated as it was a big trade.

Withdrawal Form Example

Here is an example of what the withdrawal form looks like.

Frequently Asked Questions

EZ Trader Demo Video

This You Tube video is low quality and if you would like a higher quality version go HERE.
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How do I start?



  1. Choose an option to trade from the list of available options


  2. Choose the type of trade: either or . Call means that you estimate the price at the time of expiration will be higher than the current price. Put means that you estimate it will be lower.


  3. Enter the amount you would like to trade. You can change the trade type from to or vice-versa even after entering an amount.


  4. Click "Trade" to execute your trade.

Reuters Financial News:

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Reader Feedback Wanted

Please leave your feedback and any other concerns you may have so that the answers can be posted in the "Concerns" section.

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  • Reply
    vickie Feb 15, 2012 @ 11:47 am | delete
    EZTRADER is so a scam. It is not the trading itself because that is your deal if you want to do risky business. It is they will not give your money back. Learn from our mistakes don't do it.
  • Reply
    olympus Sep 27, 2011 @ 3:25 pm | delete
    Ok here we are today is 9 / 27/2011 everyone is thinking that the stock market is going up in especial
    After the Asian and Euro market went up and actually even if it fell short it went up put here goes
    EZTRADER don’t know why put at 9.40 am the site went down and was down for almost 2 hour
    Mmmmmmmmmmm they say it was a technical problem mmm just the biggest day of the week
    I not buy that I lost so much money because this As…….
    It's better site out there that not are going down on the best day and are more honest.
    Even if I sent them an email shortly after realizing that I could not more log in w/ all the info
    ( amount time and quote ) they still are telling me that is not there fault it was technical
    ( PLEASE AS…. Be more honest)
  • Reply
    John Dec 31, 2010 @ 10:52 am | delete
    You don't not want to use Eztrader at all! Here are the reasons why they make trading hard to do.
    1) Payout is always less than 100%, so you must have greater than 50% accuracy to make money. A lot of famous traders at best have been able to get 65%.
    2) They charge a spread. This is the biggest problem, and can destroy your account fast. For example aapl will be trading at 371.78 and to do a call it will only give you the option to do it at 371.95. So for you to even be profitable aapl must first gain .05%. It seems this .05% is constant on most products and can even be larger than that at times. This makes no sense since $dji and aapl have different volatility, eztrader will still have the same spread tacked on.
    3) I have noticed that when you first open an account there is no spread than after you have winners they will be sure to tack it on.
    4) Withdrawal is a pain. I have had it take up to 2 months to get my money from them. The process required constant calling of them to get them to finally send it.

    To summarize you better be a very good trader to try them otherwise in the long run you will go broke.
  • Reply
    KRD Sep 7, 2010 @ 9:12 pm | delete
    EZtrader is a fraud. I have been trying to withdraw $500 from my account and they just keep coming up with reason why they can’t do it. First they needed me to send a copy of my credit card now they are saying that their system does not work. This is over a 14 day period. The company is a scam. Do not send money to these people. They are a scam located in Cypress not in the US.
  • Reply
    Haley- EZTrader account manager Sep 23, 2010 @ 8:11 am | delete
    What you say is completely impossible. We do have very simple bonus rules which is you have to trade twice the amount of deposit+bonus to keep the bonus OR you can ask for your bonus to be removed. We do ask a simple form to be filled on the first time you withdraw money because clearly you wouldn't want anybody to be able to claim he's you and withdraw the money.
    If you don't understand these simple instructions that does not mean we're a scam.
    Further more, a lot of these comments are made by people with no account which we can't find their emails or names on our system, meaning from competitors. If you are a real trader, I invite you to call us 1-877-846-1365 (Toll Free) or email Support@EZTrader.com or chat with us.
  • Reply
    veny Apr 11, 2010 @ 11:28 pm | delete
    i,m kind new on this trading thing, is ez trader.com legit.
  • Reply
    victorytrader May 5, 2010 @ 9:07 pm | delete
    it is definitely legit. i have been with them for over a year now.
  • Reply
    Will Mar 19, 2010 @ 11:04 am | delete
    I think it should be noted that EZTrader is just a glorified bookie. They let you choose one of two possible outcomes then pay you less when you win then what you pay them if you lose(most bookies keep 10% EZTrader keeps 20-30%.) In the long run probability favors EZTrader. Understand that this is entertainment and should not be considered real investing. That being said it makes sense for EZTrader to stay in business for the long haul because the longer you play the more likely they are to make money(Its not like pokerstars or sportsbook is closing shop any time soon.) Have fun and good luck!!
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