Ez Trader Review
I came across EZ Trader on a Google Adwords ad. I have always been skeptical of anything that I find via an advertisement, but I looked into it anyway. I have a bit of advice before using this service… be very wary of trading anything. Trading requires a lot of knowledge so you won’t lose all of your money.
Ez trader claims to be free, but there is no way that Ez trader could pay for adwords advertisements if they weren’t making money somehow. They most likely either get a cut of your profit, or charge a trade commission, like most other companies.
I won’t explain what a “binary option” is, so just visit this page and read for yourself… http://en.wikipedia.org/wiki/Binary_option
If you understand what it is and think that it has potential, then you should give it a try.
Read the comments below for more insight…. please.
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If you are looking for a legitimate way of making long term sustainable income online, then you should definitely try this: Click Here….
January 22nd, 2009 at 11:40 pm
Ok i signed up with them today, and you have to fund your account with either credit card or paypal and i think there is third option wire..
The minimum amount to deposit is 100$, so i did i deposited w paypal and got my funds added right away.
The next thing was kind of simple i had to bet basically with the money, if the rate is lets say: 124.23 and u click up u can bet that if in one hour when it closes(and gives results of outcome), the rate will go higher than the 124.23 so even if its 124.24(1number different) you still win. The minimum is 30$ to invest in each bet and u get 68% if u win. Its same for down a.k.a put, you just have to bet if the rate will go down.
Of course the rates change almost every second, so u have to look at the history and know a little about that stock item and by it maybe judge if it will grow couple of points or not, or drop couple points or not.
I visit ur site all the time, so i will respond if u do too.
January 24th, 2009 at 4:51 pm
I may give this another try. My first experience with this program wasn’t the best, however I have received a lot of positive responses from my readers about this, so I may give it another try. If I do, then I will rewrite the review. Thanks for the comment.
January 27th, 2009 at 7:07 pm
Any luck at eztrader? I’m very interested in the platform but it seems your site is the only review on the net. Today I was watching their stream at the market close and their final numbers were off about a point. It’s concerning. Any experiences would be helpful. Thanks.
January 27th, 2009 at 7:53 pm
Tony: I am watching the site everyday to see if it holds a candle to google finance and the yahoo equivalent. One point may not mean much to some people, but if you are trading a lot of money, what if that one point turns in to four? I’m keeping an eye on it, but for now, my money is staying in my pocket. If you are wanting a tried and true way of making money online, go to my Six Figure Yearly review. I have recommended that program to many people and out of 25 or 30 who have tried it, only 2 or 3 have not been satisfied (probably because they didn’t try hard enough) Making money online is like anything else… it takes time and effort to succeed…if it was easy…..everybody would be doing it!
Here is a link to the Six Figure Yearly program: http://tinyurl.com/6l2dsb
To read the review of it, go to the menu to the left and look for “pages” then under that, “Six Figure Yearly.” Best of luck. Let me know if you have any luck with EZ Trader.
February 1st, 2009 at 3:58 pm
Has anyone tried to withdraw their money from EZTrader? I’m doing quite well with the options trading arena, but I’m rather afraid that if I end up doing too well, all my work will be for naught and I won’t even get my original $100 back out of it.
February 2nd, 2009 at 8:03 pm
I’ve been “trading” with EZ Trader for about 2 weeks and have doubled up during that time. I too have yet to withdraw but plan to do so the end of this week. If I have a problem withdrawing I wll certainly let you know.
February 3rd, 2009 at 11:59 am
I tried to withdraw but the process makes me think twice.., This company is located in Cyprus Europe. Let me know if what you think
Below is what written on the form:
To prevent the unauthorized use of your funding sources, EZTrader.com requires this authorization form to be completed.
Please print this form.
Place credit card on left box below and a government issued photo ID on the right box, then photocopy the form.
Please block off the security code from your credit card if it’s showing.
The photo ID should be showing your photo and your signature.
Sign the form.
Fax the signed form to +44 203 004 2398 or email a scanned copy to withdrawal@eztrader.com. No cover sheet is required
Credit card
Government issued Photo ID showing your photo and signature
I hereby confirm that I deposited the following amounts at EZTrader.com
I confirm that I have read and agreed to the terms and conditions at http://www.eztrader.com/TermsAndConditions.aspx.
After EZTrader.com receives the signed form, your withdrawal will be completed in one of the following methods:
If you deposited by credit card, EZTrader.com will refund your credit card account up to your deposit amount. Beyond this amount, EZTrader.com will credit your PayPal account.
If you deposited by PayPal, EZTrader.com will credit your PayPal account with the entire withdrawal amount.
If you do not have a PayPal account, and are not interested in opening one, EZTrader.com can issue a check in your name. There is a $15 fee for withdrawal by check.
If you wish to have an amount in excess of your credit card deposit amounts deposited in a paypal account,
please fill in your Paypal email ID below:
February 18th, 2009 at 8:38 am
i dont know i think the site might be ok i have not put money in i have just guessed and so far i would be up alot of money it making me want to do it thats for sure and i cant see them holding your money or screwing you over you could take legal action but if any one has any good reviews …
February 18th, 2009 at 1:18 pm
I too have been trading with eztrader for several weeks quite successfully.
I have received my withdrawal today ($1800) - $1000 to my credit card (that was what i deposited
with my card) and $800.00 via PayPal. I had to send them my credit card, ID and paypal email address
on the form.. it has been four days since i sent the form via email scan until i received the money. (it took about a week for the money to show in my statement.. i got the paypal portion first. )
February 18th, 2009 at 3:05 pm
Daniel - that sounds good to me. I’ll put some more money into EZ trader and give it a try again this or next week and I’ll also give an update. Thanks for visiting my site.
February 19th, 2009 at 3:38 pm
Admin, did you try contacting their live chat support? I keep only getting a “‘Haley B’” on chat and on phone, she says that it’s because my user ID leads to her.. but i’m not sure.. anyone getting any one else? are they a one man operation? … my experience is good (and profitable), and i don’t really care - but am wondering.
February 23rd, 2009 at 11:28 pm
Hi, I stumbled upon this post while trying to find more information about the company. I’ve been using EZtrader for about a month or so now and am doing really well. I have withdrawn twice successfully with no problems. I have also talked to them on live chat support and consistently get someone named David C. I’m not sure how many people work for them but it can’t be much so I wasn’t really surprised when the same person talks to me on live chat. Either way if anybody has had any negative experiences I would love to hear them.
February 24th, 2009 at 4:48 pm
in the bottom of their website they say:
“The option prices are the prices by which EZTrader is willing to issue an option for the underlying security, and are not the real time prices for the underlying securities”
Copyright © 2008 EZTrader.com
that pretty much gives them the write to play around with the prices they way they like (probably even against you!!)…
they cant be vague like this….they should mention exactly how many cents away from the real price they will be…..otherwise there’s no guarantee at ALL…
i could be betting the price will go up, the real price does go up…..but they wouldn’t let theirs go up claiming that this is the price they are “willing to issue and option for”!
what do you guys think?
February 24th, 2009 at 7:04 pm
Hi,
I had support from a David and it was very professional.
February 28th, 2009 at 2:27 pm
hi Matthew, what you are referring to is the spread difference. that does not mean that the eztrader guys will automatically change the price. it does mean however that if your strike price falls within the spread by which eztrader is willing to trade, then chances are you might loss. the best way to avoid losing to eztrader is to make sure you entered your strike price far away from the spread. that takes completely understanding and guessing correctly what the stock is going to do using all the available tools out there. for example lets say nasdaq at some point during trading was at a low of 1393 and you entered with a call up. at the end of the hour nasdaq could have moved way up to lets say 1435. at 1435 eztrader could have a spread of 1429-1442. Mathew you will be absolutely safe and finish “in the money” if you had entered at the strike price of 1393 and it is impossible for eztrader to change or manipulate the price against you, if they do then even eztrader themselves know that that will be criminal offense and they could be in a lot of trouble. however if you never entered at the 1393 but instead entered at lets say 1436, at this price you can see that you will have been within the spread difference, which means it is likely that eztrader could end that particular stock price in a way that affects you. Bottom line is, understand the trend and enter at a strike price that is well away from the spread that way there is no way they could affect you with “out of money.” it takes using a lot of tools to understand what the stock will do is not mere guessing but guessing with high likelihood using numerous tools like pivot point calculator, graphs etc. i am a novice trader myself and i just want to assure you that though binary trading is not popular in the usa, it is done alot overseas and it is wonderful that eztrader is pioneering it here in the states. i am not affilliate in any way with eztrader so i want you to know that eztrader is legitimate company. i trade with them too. i loss money, but win alot of times. Trade with confidence if you understand the market and know what you are doing.
March 2nd, 2009 at 9:13 am
Have any of you really read the terms and conditions?? Whoa! I looked at the EZ site and thought, “Wow! This is awesome!” Then, I read through the entire site. Here is my take, and I realize that I could be 100% wrong:
This looks to me like the typical carrot on the stick or bait and switch scheme. Some of you have won, withdrew funds and everything is peachy and that’s great. BUT, will there come a time when you will get a notice that they now charge a fee?? (maybe something ridiculous 15%). And then maybe a problem with withdrawals, not to mention they can price a security any way they want to.
They reel you in so people can make good comments on message boards, then WHAMMO! You get hit from left field.
Cypress? Credit cards? Gov I.D.’s? Thanks, but no thanks. MY opinion is that it is a house of cards that will eventually fall down. And good luck going after them.
If you choose to stay with them, good luck, but just BE CAREFUL and keep excellent records!!
SCARY SCARY READ FROM THE TERMS:
“EZTrader.com expects that the current prices will be reasonably related to the actual prices of such shares available in the market. EZTrader.com makes no warranty, express or implied, that the quoted prices represent prevailing quoted prices.”
“Transmission. EZTrader.com shall have no responsibility for delays in the transmission of orders due to disruption, failure or malfunction of communications facilities and shall not be liable for any claims, losses, damages, costs or expenses, including attorneys’ fees, to any person or entity arising other than as a direct result of EZTrader.com’s recklessness.”
March 2nd, 2009 at 5:24 pm
why wasn’t my last posting published
March 4th, 2009 at 8:34 am
what happened to my last post
March 4th, 2009 at 10:59 am
Good comment Randy. I agree. You do need to be very careful with sites like this. There is no way to know if they will stick around for the long term. It’s hard for me to trust something like that.
March 4th, 2009 at 5:29 pm
l
March 6th, 2009 at 6:34 pm
mic,
I wasn’t the one who posted the question above my comment about their service, but it was still very good information. Where do you get your charts and graphs from?
EZtrader most likely makes their money on the in-between handling with their data provider. So I am fully ok with them making a buck off of my trade because they are providing the service. Best Buy doesn’t pay their salesmen commision but they still make money. EZTrader never stated that the service was free. All they say is that the sign up is free. The trading is very risky but you can make good money at it if you are aware of the trends.
March 7th, 2009 at 7:52 pm
Be careful with this Eztrader.com One big tip i want to give you guys when u trade with them and make some money the first step you need to do withraw your winnigs and trade again do not i repet do not keep much money in your Eztrade account.
March 8th, 2009 at 7:27 pm
If you guys familiar with company called ASD this company ripped millions of people off last year
go google ASD and you will find out, Eztrader is Gonna do the same thing sooner or later, do not i
repeat do not keep over $500 in your Eztrader account, any amount of money you make withraw winnings as soon as possible and trade again, One day you will see this company disapear like ASD
and people who have thousand and millions of dollors in their Eztrader accounts will be ripped off, So only keep that much money in your account you can afford to lose take care guys, Oh one more thing one of my friend was ripped of by ASD and he had $15000 in his ASD account so i hope you wont make that kind of mistake.
March 10th, 2009 at 12:46 pm
Hi anyone knows about this new binary option trading company? anyoption.com
i read the “About us” it seems similar to eztrader .they are also located in Cyprus.
http://www.anyoption.com/jsp/aboutus.jsf
March 10th, 2009 at 2:00 pm
I fully agree with the posts, and indeed it is very important to be able to withdraw your money
(and your profits) as soon as possible, after all …. it is your money — but i don’t think that negative
experiences in the past with other companies affect what you think about EZT. on the other hand,
there is NO reason to keep a large amount of money in someone elses pockets when it can be at
yours — so withdraw!
Regarding sending goverment ID and a copy of credit card, extremely standard with any
trading venues. thankfully they don’t ask for your social security number.
March 10th, 2009 at 10:28 pm
Anna, I’ll look into that company that you asked about. Check back soon.
March 13th, 2009 at 8:21 am
I have been trading with eztrader for several months, very close to the time that the site came up on air, I am enjoing it very much, as a day trader I found this site very suitable to my needs.
I made few withdrawals and the money came back in appropriate time frame.
March 14th, 2009 at 11:27 pm
Hey guys, i’ve started trading on eztrader.com. made good money over 4 days, the live chat is quiet helpful,its always the same guy tho. but haven’t withdrawn money yet, will do that monday morning. will let you guys know the outcomes
March 16th, 2009 at 2:43 pm
e z trader is a copycat of an israeli website called e-trader (co.il, i think). there is a much more serious platform: http://www.anyoption.com - many more markets, almost around the clock. you have to be really good to win, though. their prices are much more accurate.
March 16th, 2009 at 8:55 pm
Hi everyone, just quickly, be very careful with eztrade.com. i’ve been trying to withdraw some money and below is the email i’ve got from them:
“Thank you very much for sending us the form.
Unfortunately, we no longer accept PayPal as a withdrawal form.
The amount you have deposited via credit card ($400) will be refunded. As for the rest of your withdrawal amount ($800), kindly regenerate the withdrawal form and indicate your preferred withdrawal form for your profits.
In addition, please note that we received your credit card photocopy in a bad graphic quality. Please resend it with the updated form.
Thank you in advance.
Sincerely,
Jordan
Accounting Manager
withdrawal@eztrader.com
”
i filled the form and faxed to them on the 15th of march, and thats what i get , just today the 17th.
so now they said that they don’t do paypal anyomre, paypal still there on their website , means they do it, then i went to the withdraw section to download the form again becuase “my credit card details is not quiet clear” where in fact it is very clear , i’ve got the copy here next to me. looking at the new form now, they’ve changed totally in just 2 days….
ill update you guys soon with what is going on with my money after i send them the new form …
March 16th, 2009 at 8:56 pm
just in regard to my comment above, i made a mistake, it’s http://www.eztrader.com not eztrade.com
March 17th, 2009 at 6:30 pm
Matt, it says quite clearly on the faq page that they only refund the total amount you deposit into your eztrader account back to a paypal account. They never said they would deposit every cent u make into your paypal account. The rest of your money that you make over the amount you deposit must be obtained via mail or wired to your account. So they still accept paypal, but if you only deposited $400 and you took out $400 to your paypal already without redepositing more money into your account, you would not be able to take out any more out via paypal until you deposited again.
On a side note, I would recommend eztrader for a casual investor, but seeing as there is a limit of $1500 limit to the amount you can trade per stock, it would not be useful for any serious investors. Also the amount required to deposit when you first start is rediculously small compared to other sites, so it’s a good place for someone to get started in trading, but eventually your skills (and hopefully your wallet) will grow beyond the very limited specs of this site.
March 17th, 2009 at 8:16 pm
matt just send them whatever they need and don’t be worried, you will get your money. i have withdrawn over $10,000 with eztrader and everything went smooth.
March 17th, 2009 at 8:17 pm
and that is true eztrader discontinued paypal a couple of days ago ‘cos of paypal transanction fee.
March 18th, 2009 at 7:11 am
hey mic, i did re send what they asked for , hopfully money comes soon . will see how it goes, this David guy sounds very professional, but still not %100 comfy with this site man….
March 18th, 2009 at 2:48 pm
lol, believe me you will be fine. i trade my account consistently above $10000 and i get my money. you will be fine believe me.
March 19th, 2009 at 1:36 am
got the money woohoo, it only 3 days and the money showing in my credit card and bank account ( for th wire transfer) . anyone else trading on eztrader.com?? please share your experience with us …:)
March 19th, 2009 at 2:23 am
Gentlemen, are you nuts? do you think this site can live a week if they dont send money back??
This site on air more than 6 months.. and I deposited and cashed back 10 times, this site would die in 3 days if they dont give to withdrawal money back to custmers..
March 19th, 2009 at 9:07 am
does anyone think that eztrader play with share prices against your bet so you losse your money?
March 19th, 2009 at 9:16 am
Matt,
How could they “play” with the amounts if what you are seeing
is “real live” (as they say) data from the market?
I once wasn’t sure about the closing rate of the Nasdaq, emailed support
and two days later received a tick sheet from them showing the exact
“ticks” Reuters published on behalf of the nasdaq which correlated both in
entery and expiry price.
I am a suspicious person by nature, but Matt - it almost sounds like you
are asking questions that you know there are good answers for on behalf
of eztrader
Isn’t the important part is that you get your money when you withdraw it
and be able to corolate the amouns to google finance etc?
(i have yet to try the new withdrawal method, will do today).
March 19th, 2009 at 6:18 pm
matt, again and again i tell you eztrader cannot alter prices against you if you fall well away from the spread at which eztrader is willing to trade. the only time eztrader price will go against you is if your strike price is within their buy/sell spread margin. apart from that eztrader does not alter the price in any shape or form, believe me i have been trading with them for months now. sometimes i open four (4) different trades with them within the same hour for $1500 each and i end up “in the money.” and as you know, in trading currency for instance there is no one person, company or institution for that matter that can sway the price in any direction ‘cos the market is so large (in the case of currency the market trades in the trillions of dollar per day, so is impossible … take some currency lessons at http://www.babypips.com, is free and you get full trading tutorials from a-z).
take it from someone who has been trading with them, it does not matter wether you bid $30 or $1500 so long as your strike price is well away from that final price, you are very safe. you only have to cross your fingers only if it happens that the market price comes close to the price you entered at closing, then eztrader spread might affect you.
i cannot over emphasize how important it is for you to understand the market and stock/option you are trading before entering at a strike price, there are so many tools out there to help you like reuters.com, pivot point calculator, graphs and many others to help you understand how the market is trending.
matt, do you also trade actual stocks or currency? check out http://www.fxclub.com/expressfx/ for actual forex/currency trading. there is no spread and you get a pretty good leverage like a 100:1. which means if you had $500 you can trade up to $50000 worth of currency. is great you make actual money and you can stop your loss and gains or set it up automatically. thats something you can do also, i mean actual trading on the side instead of just speculative trading with eztrader which you cannot stop after you place you bid. download the expressfx software and enjoy trading currency live with a demo account.
again i’m a novice but i am learning a lot about trading.
March 20th, 2009 at 3:25 am
Mic,
You are an asset! thank you! always an interesting read.
March 20th, 2009 at 5:58 am
eztrader is %100 scam. they do play with shares and put it in their fav. they make you win the first 2 or 3 weeks, then after awhile, u always losse ALWAYS
March 20th, 2009 at 6:09 am
I agree with Carlo %100 scam. google the address on their invoices , google theire details, nothing ABSLOUTLY NOTHING
March 20th, 2009 at 6:40 am
just in regards to James commment:
James they did say that we can withdraw using paypal , i do understand that whatever we deposit is going to be refuned into our credit cards if thats what we used when we first deposit, but then in the withdraw section you have 2 options in regards to your net profit from them, first option is wire and second option is paypal. they still have it on their website and when i asked the live chat why they cancelled it , they said because of new regulations and money laundry…etc
March 20th, 2009 at 7:03 am
thanks matt. also their is a newer withdrawal form as of this week and paypal is not listed on it. they have credit card, check or bank wire. you have the option of selecting anyone of them regardless of wether you paid with a credit card or not.
March 20th, 2009 at 11:12 pm
Hey guys, it was really helpful reading your comments about Eztrader, Actually i took the risk of trading in Eztrader before i even found your reviews and i would like to share my experience, I use EZT for a month now and i requested a withdrawal of $220, they actually refunded my credit card with $100( the original amount that i deposited) and another $120 via a wire transfer that didn’t arrive yet, but i am not worried as the live customer service agent told me it takes some times to process the international transactions as i live in Egypt, i will keep u posted with any updates, Mic i believe you do have experience in Binary options by now and i would really appreciate you giving me some tips on how predict the direction of a stock or what are those tools that you trust and use them.
March 21st, 2009 at 8:38 pm
Hey Mic, I would like to speak with you by phone, skype or email. Your posts have been extremely helpful. I am a novice as well and would like to run a couple questions by you about EZ Trade and other aspect of forex trading. I can be reached at wealthbuilders216@gmail.com. Thanks again……
March 23rd, 2009 at 4:47 am
im %100 sure eztrader play with share prices againt u when u bet , once u put a bet on a share, check with the live price on google, yahoo ….etc, they start change it against ur bet…%100 sure.
March 23rd, 2009 at 10:05 am
Matt,
I’m surprised at your comment - which is simply wrong.
I am looking at Yahoo finance AND google finance on my current trades
today (AMZN and Nasdaq index) and they match to the tee.
Further, every time i ask support about this, they send me the official tick
sheet from Nasdaq showing that the details are exact. In what way
is your experience different? Did you cross check against the tick sheet they send
(which looks to be genuinely from Reuters)
March 23rd, 2009 at 1:26 pm
i do not agree with that matt, i keep my eyes on google and yahoo too. yes they add a 1 to 5 maybe 6 pips spread for their profit but i won’t say they do it necessarilly against you. if so i would have lots numerous $4500 positions i opened. but i get most of my positions in the money because my strike price is far away. just understand the trend and you wont even have to worry about the price eztrader is willing to sell or buy at. don’t be so skeptical keep learning the skills involved with binary bets and you will do just fine. currency is probably the best to trade i make more money in currency.
March 24th, 2009 at 12:26 am
Mic, thanks for reply man, just quickly, when you trade currency , do u trade on eztrader or forex?
March 24th, 2009 at 12:28 am
one more thing Mic, do you prefer binary or end of day options? which one is safer? i think end of day options?
cheers
March 24th, 2009 at 7:39 am
hi matt. i trade currency with the almighty http://www.fxclub.com. believe me those guys are the broker of all brokers. they have no spreads and when you buy and sell you get the real market price. most of these other forex brokers you see online actually go through fxclub for their account. so as an individual whenever you want to trade currency you will be doing yourself a big favor by going through fxclub. their terms and conditions for trading is bar none, i mean is the best.
matt, i also trade currency with eztrader and i do very well there too.
March 26th, 2009 at 4:02 am
I agree with Matt, eztrader does play with shares against your bet once you place a call or up. check their price before you bet , it’s a real time price, then put a bet, check after few mins, its totally different. you will always loose when you place abet on eztrader
March 26th, 2009 at 4:19 am
i put 500 dollars on , now its showing the aus/us is .7015 but the real pirce is .70101 why? because my strike price is .7039 !!!!! but before that their price matches exactlly the real market price scam!!
March 26th, 2009 at 4:23 am
now the real aus / usa dollar price is .7013 and eztrader price .719 such a scam…………
March 26th, 2009 at 5:01 am
they’ve done it again …………!!!!!1
March 26th, 2009 at 6:21 am
Carlo,
Trading now since November, and i have never noticed any thing similar
to what you are describing. I only trade shares, Nasdaq and Dax, and have
never had any issue of not having the information match or being verified.
What are you looking at to compare the prices? Are you looking at Bid or Ask?
what is your definition of “Real Price”?
…Is it possible you simply have un successful trades? - Did you send eztrader
any proof that there system is wrong? how did they respond?
March 26th, 2009 at 6:53 am
I do have the same probs carlos getting
March 26th, 2009 at 8:33 am
eztrader is
%100 scam
wake up people
March 26th, 2009 at 9:14 am
Carlo,
It is quite amazing how great you are in writing statements without
backing them up.
I’m eager to hear your proof or reference and how eztrader responded to it
instead of blank statements. You might be right, but show it..
March 26th, 2009 at 12:43 pm
“I don’t understand what all the fuss is about. I am trading
$1500.00 trades for weeks, and never noticed anything wrong
with my rates. I lose sometimes, sure - but then i go to my
paid Yahoo Finance account to check the historical rates (and sometimes
unfortunately –) they match.
I have not had much experience with their customer support - but
with the major complaining i see here, what was their comment?
i assume that if you feel cheated you didn’t just remain silent about it…
March 27th, 2009 at 12:06 pm
carlo,
the best thing you can do after the trade ends is to open up the stock in google if you are trading options and match the price for the time. if you are trading currency when the trade ends use the http://www.tenfore.com (select “todays markets”) and match the price of the currency pair with the time using the 1 minute chart. if it is different from the final price at closing and you turned out to be “out of money” then you can send eztrader a snapshop of the screen disputing the transaction. and by the way if you check the eztrader FAQs for commodities and currency they tell you where they retrieve the final tick price for currency and thats http://www.tenfore.com. for nasdaq and other options they use reuters. so you can either use the google graph chart they provide you under each option or use reuters graph to generate the actual price of the stock at a certain time using the 1 minute chart.
you have to understand that they are running a business so they will try to do some things to their advantage, but if you catch it you can confront them and they’ll correct it. look at it as how credit card companies throw in couple dollars on your bill in the form of late fees or whatever hoping you do not catch it, but if you do, they definitely will refund you or even how telecommunications companies throw in extra ridiculous fees.
bottom line is, i won’t call it a scam. they are legitimate company. you just have to be on top of your game as much as they are. so you can catch any little discripancy using the available tools out there.
March 28th, 2009 at 12:26 am
I dont know what Carlo is doing………..I am looking for outcomes like he explained and I haven’t found it because I am a skeptic…. I was up today having won on 2 out of three trades. I have software threw penson that is direct to the floor and eztrade has been dead on or 5 or 6 pips away from the actual final expiration. (nasdaq hourly) I’m assuming that the 5 or 6 is their spread so I bet away from the strike price and win most of the time unless the trade turns on me. I would love to hear other explainations of outcomes that people have.
March 30th, 2009 at 12:16 am
don’t be so skeptical keep learning the skills involved with binary bets and you will do just fine.-mic
Mic,
can you direct me to resourse that teaches binary betting skills? I am studying fibonaci retracement and elliot wave. I also open charts with MACD, RSI and Stochastics……..this seems to help me with studying the trend but on the 1min and 5min one day charts it doesnt always give me the result that I’m looking for. I could use some direction Mic. Thanks so much
April 1st, 2009 at 9:01 am
quick note:
Just got my first check from EZTrader for a withdrawal i have done
after they stopped using paypal.. $3275 was teh check, and yes - it cleared!
(yay).
April 7th, 2009 at 3:24 pm
Iv never done anything like this b4. But I really want to give this ez trader a shot in hopes to make some extra money. Are you guys making money or are some of you guys losing money???
April 8th, 2009 at 1:25 pm
eztrader now has a promotion if you deposit $3000, you get $1000 bonus.. Seems to good to be true.. Is there any catch to that?
what if you decide to withdraw after a month, if you feel it’s not for you… do you get to keep the bonus amount?
April 12th, 2009 at 1:49 am
Jeremy - I earn, and I lose … depending on the day etc and how
smart i am about withdrawing.
Overall, I am in a profit, but not a big one because
i’m not very good in withdrawing and keep trading. (still better then none).
Mitch - Eztrader answers that in the final question in the FAQ. you can keep the
bonus when you have enough trade volume (your deposit + bonus), or, you can withdraw at any time
before that and lose the bonus.
April 12th, 2009 at 8:15 pm
Hey guys, i’ve been trading with eztrader for a while now, the first week i made lota money, and after that i lost like 10 000 dollars over 2 months. the thing is when you first sign up they get you to win by changing the rate against your strike price and after that …..they put it against you.. this is just what i’ve noticed and can’t prove nothing….very very very carfull when trading with these guys…no recommended
cheers guys
April 14th, 2009 at 12:30 pm
Great way to make some extra cash but wow what a run around when it comes to withdrawing your money. customer service is good but every time I withdraw i have my fingers crossed. I would feel a lot more confidant if they had a more punctual and systematic approach.
April 16th, 2009 at 5:58 am
Jay,
I’m sorry to hear you have lost, but what you are saying is completely wrong.
Since the information is from the market, and the same one you see when you go to
Retuers or Tenfore.com, they have no way to “change it”. It seems like you had
success, did not withdraw on time, lost… did not know when to stop - and now you blame
eztrader for your own failures… -OR- if you think that any trade is not correct, call them up
and they will prove it to you. (that’s what i have done).
BtpMike - yes.. it’s some time frustrating but as long as you send them the form each time
they never fail. (me, anyway).
April 22nd, 2009 at 3:08 pm
How can I learn to trade binary options? I’ve lost close to $1,000 and I always end up
out of the money. Is there a possible way to predict what will happen?
What I think will happen based on the charts, never happens. If I bet up, it goes down, if I bet down it goes up. Any advice?
Thanks
April 24th, 2009 at 7:53 am
My experience. I made $800 in beginning than lost $6000. Well I got half back. Right now I am still waiting for my $1800 withdrawal from April 8, 2009 to complete. Ever since they got rid of paypal. It seems longer to wait for withdrawals. Personally i pay an extra fee to get my money faster. Who wants to wait 2-3 weeks? Don’t try options trading without good money management. You can go downhill really fast. Well still waiting for my withdrawal. I update when I get it.
April 26th, 2009 at 8:47 am
Still waiting for my $1800 withdrawal from April 8, 2009. Here.
April 27th, 2009 at 12:02 am
okay well..I have to say that I really like this website and binary options trading but I dont care for the withdrawal process because I am impatient. I was HIGHLY skeptical at first but their customer service is AWESOME!! Wiring to an Etrade account wont work with them. They also dont use paypal which is good because paypal robs.
April 27th, 2009 at 12:10 am
Jay…what your saying is not correct. I kinda got that feeling too at first but i realized that I was not in keeping with the cycles. Do you day trade? Look at the analytics and patterns youll do better. If you lost $10,000 you broke the first rule of trading…Pigs get fat, hogs get slaughtered. Sorry for your loss dude, Ive been there and it sucks, but I learned to be a more disciplined trader because of it.
April 30th, 2009 at 10:21 am
Finally got my withdrawal after having my bank called EZtrader about my April 8 withdrawal not showing in my account. Happy now/
May 5th, 2009 at 4:28 am
Ez Trader is noting but a scam website. I use the system few day ago, Once you win 400 up
next time you bet. Every stock is out of chart, for example it google say “1.5″ and you make “call”, ez trader make you lose by not following the chart in google and put a random number to make you lose you money.
May 6th, 2009 at 12:44 pm
Yay… received another withdrawal.. check via FedEx this time, took about 8 days from the time i requested it. Thanks Yvonne, indeed it seems that forwarding bank thing does not work with wires from them, but heck, it doesn’t with at least 2 other online trading venues i tried.
May 8th, 2009 at 5:42 am
all this guys who do not know how to trade or what binary trading is all about should stop calling eztrader a scam. that is absolutely ridiculous for anyone to call a company that pays out over $20000 in profit in a single month (atleast for me) without holding back a dime, yes you read it out over twenty thousand dollars, couple weeks delay but you get your money. that is far better than any other internet market program out there. i mean what else can you ask. instead of holding eztrader to everything else happening around the internet, give them a benefit of doubt, learn to trade and enjoy making money. the company is legit!!!!!!!!!
May 12th, 2009 at 11:54 pm
eztrader %100 scam, and whoever says otherwise, work for them …..
May 12th, 2009 at 11:55 pm
mic, eztrader prices DO NOT MATCH the actuall price on yahoo for example. it doesn’t match man and you keep saying it does.
May 12th, 2009 at 11:58 pm
and all the people there who says its not scam prove it. publish any link on this review page where you can find legal docs about this company, publish any link that can tell us where exactly they are located . their street name do not exist . use google maps and you will find out that there is no such an address in Cyprus
May 13th, 2009 at 6:11 am
Matt, I’m sorry to say - but you sound like such a sore loser…
I come here every few days to see if there are any new reviews to learn from,
and when i summarize everything, there is more positive than negative. Either way,
the important part for me is that i get paid my withdrawal.
EZTrader never claimed that they use the live rates on the entery to the option, options issuers
are always changing the entery rate to what ever they are willing to sell at, but the expiration - on the other hand, always matches the Reuters data.. so it’s up to you if you want to enter or not.
It seems that they are always a few seconds behind the live data, i guess to avoid peaks, but, i never failed to receive proof that their expiration is correct.
On the other hand, it sounds like you have a lot of frustration to vent.. It is obvious from reading your post history that you don’t know much about binary trading and have suffered losses.
On March 14th you say you earned money. On March 19th you received funds.. then obviously you started losing because on March 19th you ask if they play against you, and starting March 23rd you start posting scam alerts, while other members of the comment board write things to support them which you ignore, because - you are losing. In fact, you are the one person who never substantiated his claims.
This makes you the least reliable commenter, not the other members. 3 posts in serveral minutes (May 12th) indicate frustration and anger. not understanding and level head-ness. sorry for your loss though. (i suffered many as well, but not because of any one elses fault).
I believe the Moderator sees the IP’s of all the posts and could have easily identified if posts are fake.
May 13th, 2009 at 7:56 am
danny you summed it up nicely. anyone out there still saying eztrader is a scam needs to snap out of it. go to school, learn how to trade binary and make money ‘cos i am.
May 14th, 2009 at 1:14 am
It seems that danny works for ez- trader,r u David c.?anyways I am frustrated b/c I keep losing $$$$,any tips on what I should put in tomorrow the 14th?????
May 14th, 2009 at 1:48 pm
I love eztrader have made over 5 grand.go eztrader!!!!!!!
May 16th, 2009 at 12:43 pm
hi mic,
You seem to have good insight on eztrader. I have been biding for over a month now and of course I win some and lose some. I think it is absolutly legit! Anyways, how do figure out the patterns, I am on a lot through out the day, but I don’t really have the time to sit down and go over the charts, and I would like to make more money if I could. If you could give me a couple of pointers I would apprciate it!
May 18th, 2009 at 5:23 am
Hey Mic,
Happy to hear you’re making money. I’m interested in starting but want to learn how to make educated trades, therefore need to learn how to research first. Could you give me an idea of how you make your decisions i.e. what charts or websites you use to derive data from.
Thanks in advance for your help.
Adam
May 22nd, 2009 at 10:44 am
EZTRADER is A Scam! Don’t do it! first let me say I’ve made money and the do pay out. However it takes a long time. one time waited four weeks. So why is it a scam? well the rig their option prices to give them the advantage. They can and have switched it mid trading session. They constantly change policies. I’ve found better sites to make money that are a lot more fair. if you want to trade options under their unfair conditions and have procedures and rules constantly changed without notice than by all means go ahead. My opinion is its a big Scam. Don’t take my word for it, go trade with them and loose your money.
May 24th, 2009 at 8:26 pm
Does anyone know where to go, or what to read, so i can start trading binary. And BTW, how do i know for sure that eztrader is not a scam?
1.Not one person replied to the statement that their address does not exist on google maps.
2.Nor the statement that said all the positive messages on the boards across the internet being from people that actually work for eztrader.
3.And noone can explain why so many people win at first but never win again. I saw at least 3 people on this board that said they won at first and didnt win again.
This type of trading seems very risky, but is rewarding for some patient people. if there is nothing to read that will teach me, is there ANYBODY that can teach me? im a jr. in high school btw.
so_cal_surf@yahoo.com
May 25th, 2009 at 9:10 am
BTPmike - You mean they change the entry price ? of course they do! they are option issuers!, in fact, it says it right on the bottom of the page.. every page. i noticed changes up to about %0.5 from the real time price i see on google.. but - as long as the expiration price is always the actual real time price from Reuters, what does it matter? it’s your choice if you want to enter a trade or not..
Actually, i think EZTrader (compared to anyoption.com etc) makes much much much smaller % changes.. (compare it…)
But, if what you are saying is that you made money, received your money, and the entery prices indeed vary like they say - well, if that’s a scam how can anyone argue?
May 26th, 2009 at 5:40 am
Since many people asked if i work for EZtrader - no, i do not.. if i wasn’t , well, me, i would have easily
used a diffrent name for each post… but you are right, i am commenting way to much. i have said already everything i have to say. i guess i’m just annoyed when people flame something without merits (or at lesat without proving them. claims like “i won once and never one again” says nothing about the market but only
about the trader.. if you treat binary trading as a betting game, odds are you won’t do good. If you are following the markets, you would never write something like that to begin with).
May 29th, 2009 at 9:58 pm
Danny, i ‘ve been trading online for over 10 years , have traded on eztrader as well, made and lost money. but you know and i know very well that eztrader is a %100 scam. i am not going to explaine to you why its scam because you know it and i am %10000000 sure that you work for them. people just bet on some share , after few bets compare their price to google or yahoo and you will know what a scam these guys are
May 31st, 2009 at 11:01 pm
I’ve made some good money these past few weeks. I requested a bank wire on Thursday and they have yet to process my withdrawal. They said it might take some 3 week safter they process the withdrawal for the funds to reach my account. I dont know if eztrader is a scam or not until I see the money in my bank account butin case they are a scam, I am an FBI agent and I will go after them, so to all who are worried about eztrader being a potential scam, I will end it if that is the case.
June 1st, 2009 at 5:21 am
I have a question for you all. I requested a withdrawal from eztrader on Thursday for $3000. $1400 of those $3000 I deposited and they told me they had to refund that money back to debit card for AML(anti money laundering purposes). The rest(1600), they would bank wire it to my bank. If I live in the United State, do any of you know how long it will take for the money to reach my account>,
Thanks
June 1st, 2009 at 2:48 pm
Jason,
Do you have anything to show for saying they are “%1000000″ scam
and change the trades against you? do you have any screen shot
or something similar to show you are not a competing company or something?
because if you actually do, and can substantiate your claim, i think myself and everyone else here would find it a great service if you post it so every one knows to stay away… (or file a law suit / fraud claim etc.)
If they claim they are using real market data for expiration, and they are faking it - we should go after them. PLEASE SHOW WHAT YOU KNOW
June 2nd, 2009 at 3:18 pm
So far I’ve made about $600 with EZ Trader. I’ve lost a couple times but mostly, I win. There really hasn’t been any evidence that they’re playing with the numbers, things seem legit. Now let’s see how the withdrawal goes.
June 4th, 2009 at 1:40 am
I’ve signed up with $2k. Currently looking to do a test withdrawl of $500 which was refused because i got a $600 bonus. I’ve asked for the bonus to be removed from my account and for me to have full withdrawl access. Not the best start but if they remove the bonus and give me a withdrawl in a reasonable time i’ll be happen enough. I’ll report back here with updates.