Eztrader is not new to the trading market as it has been around since 2008. This binary option is owned by Win Global Markets(WGM) Services Ltd who have quite a high reputation. Since its establishment, it has been able to make a name for itself through the user-friendly online platform on which it operates on. The platform is quite basic making it easily comprehensible by beginners.
This has, however, been seen as a thumbs down by experienced traders who would prefer a challenge which makes their trading experience interesting rather than having everything done for them. Clients have 121 assets to trade from which includes 78 stocks, 24 indices, 4 commodities, and 15 currencies. There are variations of expiry times which include 60/90/120 seconds, intraday, weekly and monthly.
You can enjoy a bonus of up to 50% that is offered to increase your earnings. It is important to note that the bonus has a limit of 90days and in order to withdraw, one must reach a trading volume of 40x the bonus amount. There have been a number of criticism concerning the validity of the bonus with a majority of clients claiming it is nothing but a hoax. Continue reading this Eztrader Review to find out whether you are in safe hands or you better look out for another broker.
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Is Eztrader A Scam? Is Eztrader Regulated?
Eztrader gets a thumbs up for being regulated and licensed which gives it a step ahead of the rest. The broker is regulated by Cyprus Securities and Exchange Commission(CySEC) since 2013. It might not be available in the US but it is registered in other European countries. You can access their platform via website only as they do not have a software download option yet. A point of concern with this broker, however, is the huge decline in the number of followers and the many complaints it has. From October 2016 its following decreased by almost half.
This can only mean one thing, that Eztrader Scam is a possible reality. The company has several warnings and a number of fines from regulators which clearly lowers its reputation tremendously. If you do your research online you will notice that clients are also unhappy with the broker and have filed a number of complaints. Most of the complaints are about bonuses and withdrawals with some stating that their withdrawals have never reached their personal bank accounts. On the company’s website, the minimum deposit is set at $50 and the minimum withdrawal limit is $100 with no fees attached. This is a clear indication that one has to deposit a couple of times or make money in order to withdraw.
Alternatives To Eztrader
Eztrader is not a bad platform to trade on but we can’t rank it among the best. The customer service is top quality and available 24/7 via live chat, phone, and email. The help and FAQ section is well detailed and aids beginners on the basics of binary options trading. However, with all these said we cannot overlook the fact that the company doesn’t deliver when it comes to actual trading which is all that matters at the end of the day. The high number of negative comments from its clients and regulators makes us have less faith in it and that is why we advise you to check out alternative brokers such as Nadex or IQ option which has high ratings and is trustworthy.