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EZTrader
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EZTrader

eztrader.com
Sweden
2 reviews
21 helpful votes
Follow Zapphire T.
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DONT BE LURED
October 15, 2015

Just signed in and was shocked to see their trading platform. I am an amateur but i did try to do a liitle searching and since eztraders accept trading in our own currency so i took the change. The platform is so outdated. You cannot see the barometer which shows the percentage oh how many is call and how many is put? What a joke. I was forced to open my other binary acct to see which one is going strong. And yes i wanted to witdraw my money and close the acct but a big NO because of that bonus which i didnt even know about... I have been conned $#*!tt

Date of experience: October 15, 2015
New Zealand
1 review
0 helpful votes
Follow Mason C.
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Dont trade if you have no idea what to do. You can lose money that way. I personally lost a lot of money as a result. Gain as much knowledge as possible then start. I lost a lot of money as a result.

Date of experience: August 10, 2016
India
1 review
1 helpful vote
Follow Authikesavan N.
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No money back
December 9, 2022

They give more promise but they don't do anything pls pls don't put your money for this EZ trades company

Date of experience: December 9, 2022
GB
1 review
32 helpful votes
Follow Carl B.
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AVOID AVOID AVOID EZTRADER

This IS A SCAM!

This is what happened to me, please don't fall or it. Put Eztrader into a search engine and read the horror stories - there's alot!

EZTrader Scam:

1. You will be taken in by advertisements and fake endorsements and choose to check out the service.

2. You will then be contacted by an EZTrader representative who will push their bonus option.

3. You will not be given chance to read their terms and conditions before making a deposit.

4. With the promise that you can "just give it a try" using the bonus, you begin to trade.

5. You will (probably, as i did) have a number of problems with the website and decide it's not for you.

6. You will then ask to withdraw your remaining funds.

7. You will be told to prove your identity by emailing scanned documents/ID before withdrawing.

8. You will still not be able to withdraw and will now be asked to remove the bonus before you withdraw.

9. You attempt to withdraw the bonus but all communication breaks down, no replies to emails and no answer to phone calls.

10. They will stall until you're over the 90 days.

11. Then empty your account of the bonus as well as your remaining funds.

12. They will then quote terms that you were not given time to read.

They have a number of clauses in their t&cs that allow them to steal your money!

Date of experience: September 3, 2014
Netherlands
1 review
13 helpful votes
Follow eli j.
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Please see later addition, below.

Even though EZ-Trader seems to do what it says, be aware about the rather huge volume you need to trade within 90 days of your deposit, or you will not only lose your bonus, but also ALL your PROFITS until that day.
Sometimes you might receive a promotion promising to refund your deposit if you lose it all, but it will only work if you deposit the minimum amount mentioned in the promotion, not less of more.
Somehow they have to earn their money too, of course.

Later Addition:
I should have added that I never made a lasting profit, and just stopped trading completely after having lost my betting initial installment in the first place.

Having read the many warnings about EZ-Traders' refusal to let people withdraw any earnings at all, it would be of great use if some verifyable real persons having been able to make real withdrawels on their profits would post some comments here too.

If I understand it correctly the most positive rating for this posting (before this later addition) originated at EZ-Traders... if true, beware!

Date of experience: August 8, 2014
Bulgaria
1 review
17 helpful votes
Follow Svetoslav I.
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Based on my personal experience EZTrader is a SCAM.
You can not expect to make a withdrawal onece you have made a deposit or profit. What the others write is true -hey start postponing with all possible lame excuses and explanations.
In my case as I kept insisting, in the end they closed my account some days ago! The reason their server has suposedly given me wrong quotes! Can you believe that a company whose busines is to give you quotes will have a problematic server and will make wrong over 900 quotes (984 to be exact). The worst part is I can not clame the EURO 1802 that I had as a withdrawable balance on my accout before they closed it.
DO NOT BE MISTAKEN TO EVER TRADE WITH THEM!

Date of experience: January 19, 2016
GB
1 review
10 helpful votes
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Signed up recently
September 20, 2015

I signed up recently to EZTrader. Representatives have been helpful. Taking it slow with the trading but so far it has been satisfactory!

Date of experience: September 20, 2015
Norway
1 review
22 helpful votes
Follow Kare K.
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Looks good, but it isn't!
September 28, 2015

Apart from that they trick you into choosing a ridiculous bonus contract, 25xbonus within 3 months before you can withdraw or they take all your winnings, my first impression was actually not that bad. Simple layout, easy to understand and use.

However, after playing around for a couple of days I found that the site tends to reload itself to often causing you to log out involuntarily. The stocks might also disappear from the list right before your time is up, so that you cannot follow the latest development in price. Furthermore, if you follow a stock closely and want to take advantage of sudden drops or rises, they will not allow you to do that by stating "Investment fail. Please try again". So you do, again, again and again... Then, just for fun, you choose the opposite (for instance call instead of put), and voila, it works. Except that now the odds are in their favour, and you will most likely loose... And, of course, if there were to be sudden drops or rises when the time expires on your investment, it is considered valid and you loose your money... Now, I am a novise so I will not speak of how common such sudden rises/drops in stock value are, so feel free to comment on that if you have more experience.

And in addition, the "investment fail" error sometimes happens if you want to make a long term bet on a stock with steady decline/increase throughout the day.

I will not blame EZTrader for all my losses, since many of them were just poor guesses on my behalf. Nevertheless, having used the site now for some days my patient is gone and I will not make another deposit. Lesson learned on my behalf, next time I will do more proper investigation before engaging in the trading business.

Date of experience: September 28, 2015
Switzerland
1 review
27 helpful votes
Follow Livia s.
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I am currently struggling to get my money back - started 2 months ago. This is a real scam - DO NOT put your money there.

EZTRADER -DO NOT INVEST there!

Date of experience: October 20, 2014
GB
1 review
0 helpful votes
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Good for novices
August 17, 2016

This is the best if you are very new to trading, nothing is complicated and assistance is there when needed. Very profound education resources too.

Date of experience: August 14, 2016
Netherlands
2 reviews
25 helpful votes
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Scam
July 10, 2016

I immediately lost money. And had a hard time closing my account. The view bugs left on the account, they took them. Do not do business with them!

Date of experience: July 10, 2016
GB
1 review
10 helpful votes
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I’ve been burned by some brokers but I’m quite pleased with Eztrader. I like their education center, it’s easy and informative.

Date of experience: November 2, 2014
Israel
1 review
8 helpful votes
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One of the best binary options brokers out there: Reliable, regulated and very user friendly. I'm pleased with this platform so far.

Date of experience: September 28, 2014
Florida
1 review
20 helpful votes
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I joined Eztrader in 2009. I did over 150 trades. In 2009 they had commodities as gold and silver. As being a jeweler I knew what would happen. Around that time it was easy to cash out. I would literally make extra $300 a week doing it safely. I could cash out through a Paypal method which they did send the funds in 1 week. I did this a few times. I recently came back on the site in 2011 and around that time they took off all the good trading options. So I was limited I made $600 profit in 1 month betting on Nikkei and the Dow. When it was time to cash out my only option was Moneybookers so they told me. So then I had to find someone on the UK who has Moneybookers and have them then Western Union the funds to me. And the cash out time was terrible more than a month just for a little $200. Now I have been fighting them for the last 2 years in getting the rest of my funds. PLEASE DO NOT INVEST YOUR FUNDS IN THIS COMPANY. YOU WILL GET A HEADACHE FROM THE TRADES AND THE WAY HOW THEY RIG THE TIMES ON IT. THEN IF YOU GET LUCKY LIKE ME AND WIN YOU WILL HAVE A BIGGER HEADACHE CASHING OUT. They need to send me my moneys to revise this. *******@aol.com

Date of experience: May 14, 2014
Libya
1 review
27 helpful votes
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To be honest I only put £200 in my account, just to see how it went as I haven't tried this before. But it was still money hard come by and I could have done without losing.
You get roped in as to how easy it is to make these trades and make a big profit but in reality it isn't so. I wasn't looking to be greedy and make thousands, just a little extra income would have been nice.
I joined through Searching profits, and immediately found with that site that you could trade with 15 minutes left and still in the 'green', while EZTrader had already closed the trade, and it was showing in the 'red'! I had left both sites open together to check how it works out. I ended out just using EzTrader, but still got my fingers burned. Namely, sudden drops in the final Second of trade, where I should have been due a payout, and lost it.
It all started off great, and then it went down hill and I ended up with nothing. The amount you bid on changes so rapidly, that even when I placed my trade it would actually change significantly in the second I pressed the trade button. Which would totally alter the outcome.
I also found some of 'trades' which on the 'open/closed' trades area, as I was waiting the last few minutes checking the outcome, it finished on 'expired time 00' with me on 'green' and expecting a payout as shown, but then after a few minutes nothing showed up in my account, and on reloading page it came up that I had lost the trade?! Again in those final seconds no doubt, it had mysteriously dipped but after the expired time. But I couldn't understand how it had showed green while I was still waiting the final seconds down to zero and I was due for a payout, only to not have it payed out as it had changed!
Good that I had only tried this out with a small amount of money as it is easy to get carried away when you are making money, only to lose it all later. I tried to trade carefully with small amounts of money, but still lost it all in the end. Trad carefully, it's not as easy as it's made out to be, and seems to be quite dubious methods used.

Date of experience: July 13, 2015
Sweden
1 review
31 helpful votes
Follow Pernilla L.
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Total Scam
March 16, 2015

I had a very bad experience with EZ trader, I didn't even start trading, because I read a lot of negative comments om the internet so I decided to withdraw the money I deposited. However, just as Zorro says above it was ever so hard to find out how to do, and after much delay I finally got an answer to my question around how to withdraw where they explained I hade to gamble to earn up my bonus first. Then I answered that I hadn't received any bonus and that there was no withdrawal link at all at my page. After a looong time, months, they answered, yes you are right about the bonus, but if you want to withdraw you have to submit a copy of your passport, credit card and a utility bill. It took me some time before I got time to do this, and when I finally did so, they had closed down my account because I had been inactive, and they had taken my money. MY MONEY, and it was not any bonus. I handn't even made any trades, it had just been standing on their account and then it was gone. They referred to their terms and agreements. I regard it like a robbery.
I also have to add that when I was now going out on internet to warn other people about EZ trader it seems they are kind of controlling some parts of the internet. I went to the site "binary options that suck.com" and I wasn't able to submit any review about EZ trader there. I went to a swedish website (am from sweden myself) where I saw they had made publicity about EZ trader and in the comment field, there were lots of positive comments in incorrect swedish. It looked like google translation and it had english words in it. And I wasn't able to leave any comments although i logged in to the website. Conclusion: employees at EZ trader have written the positive comments themselves and tried to translate them into swedish by google translate. That is sooo low. Stay away from them.

Date of experience: March 16, 2015
Denmark
1 review
0 helpful votes
Follow Samina A.
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Trading is tough but the service and assistance is definitely the best I've come across.

Date of experience: August 28, 2016
GB
1 review
8 helpful votes
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No good
November 24, 2015

Unable to access searching profits for the last 3 weeks why

Date of experience: November 24, 2015
GB
2 reviews
7 helpful votes
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I have requested on numerous occasions for my deposit to be refunded but requests are ignored

Date of experience: March 21, 2016
GB
1 review
5 helpful votes
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They stole my money
December 7, 2016

I`ve lost all my money, they hide behind their term and conditions, what a joke!

Date of experience: December 5, 2016

Overview

EZTrader has a rating of 1.9 stars from 90 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with EZTrader most frequently mention binary options, total scam and deposit money. EZTrader ranks 176th among Option Trading sites.

service
4
value
4
shipping
2
returns
2
quality
4