EZTrader is a binaries platform which enables traders access to a range of binary bets on companies, indices, currencies and other instruments respectively. A particularly straightforward system, EZTrader offers exclusively binary positions on markets in a clear and concise way so that traders can easily get involved in the markets that best suit their trading style. Online since 2008, EZTrader strives (as the name might suggest) for the easiest possible trading experience, and this is borne true from first glance at the trading platform they offer. In this EZTrader review, we’ll examine whether they’ve truly met this objective, and whether the EZTrader platform is enough for the average binaries trader.
EZTRADER REVIEW: ACCOUNT OPENING
The account opening process with EZTrader is, as you might expect, particularly easy. Within just a couple of clicks and the most basic of registration forms you will have created your account, which is automatically linked to the online EZTrader platform. The entire process takes about 30 seconds start to finish, and delivers you immediately to the list of markets from which you will choose positions to trade, with an email verification stage required simply to confirm your email account. EZTrader claims to be committed to meeting the needs of traders, and as far as its account opening phase is concerned there is nothing to suggest this is a broker that is going to take liberties with your time or data.
EZTRADER REVIEW: PLATFORM
The EZTrader platform is built in to the website, so there is no need for traders to download or install any software. This makes for quick access to the trading screen, which traders can navigate to having signed in to their newly created account. There is no need to deposit any funds to open an account with EZTrader, nor are there any costs or fees associated with membership of the site, so it’s particularly welcoming to those that just want to take a further look at the platform before trading their first real binary positions. When you are ready to choose your first market, it is straightforward to deposit funds into your EZTrader account, with a range of different banking options accessible in just a couple of clicks from the main trading screen.
The main trading screen is a sub-section of the website, and presents in list view a number of markets in the category you have selected – US shares by default. From this list, traders can select different individual markets and can view at a glance the payout percentage, the time to go until expiry on the market and various other elements central to deciding whether or not the market represents a good trade. The most prominent information on each listing is the current price, the payout percentage and the call/put buttons, which act as the main interface between traders and the broker. Clicking on either call or put, depending on your view of how a market will close relative to its current price, will decide the direction of your bet and bring up an execution box. This execution box shows the relevant price chart, with limited options for the trader to customise the view. Alongside this technical overview, traders can benefit from the real-time calculator which displays winnings and losses depending on the trading amount. This function is easy to use and traders will quickly get the hang of trading in different markets given how smooth the process has been made.
The main navigation function of the EZTrader platform is conducted through the tabs at the top of the screen. A lightweight system, EZTrader doesn’t pose too many confusing options, and so traders can quickly navigate to exactly what they are looking for by clicking on the tabs and links at the top of the screen. By default, traders will find themselves in the Trading Area, where a list of markets a quoted. Beneath the main tab, you can select the instrument or market type to trade, which will bring up the relevant lists for the range of other markets EZTrader has on offer. The secondary My Trades tab shows a list of the trades you have made, making it easier to keep track of your account and the positions that are moving towards expiry and a potential profit or loss. Deposits can be made at any time through the deposit tab, which makes sending money to your account an efficient and time-effective process.
As compared to some of the more feature intensive platforms, EZTrader benefits from being a fairly lightweight, web-based system. This means traders can, on the whole, enjoy a smoother trading experience with no need to worry about technological compatibility or getting to grips with complex trading functions and features.
EZTRADER REVIEW: SPREADS & MARKETS
EZTrader offers a massive range of binary betting markets, ranging from markets on leading company shares across the US, EU and Asia to commodities and currencies, providing traders with the flexibility to take exposure to a number of different opportunities and instruments. The spreads are inherent in the binary transaction, and while this makes for less transparent pricing payouts are fixed and known ahead of time which allows for a greater degree of certainty in the winnings (and losses) that will result depending on the outcome.
With a straightforward set up and a very clear, simplistic layout, EZTrader makes it as easy to execute positions as it is to research them. While more advanced users might want to conduct additional research off-site, the simple trading platform comes highly recommended as having everything you need to trade binary bets effectively and for profit.
Click here to open an account with EZTrader
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