Although binary options have been available 'over-the-counter' for many years, since 2008 they have been available through online binary options platforms. This has led to a huge surge in the popularity in trading binary options in recent years. EZTrader was a pioneer in online Binary Option Platforms and one of the first to be fully regulated.
Thanks to technological developments and the ability to now place trades online, binary option trading has become accessible to everyone. Traders can now easily trade on binary option websites, referred to as binary options platforms, without the need for previous experience, knowledge of the financial markets, or an excessive investment of time or money. Therefore, as well as being popular amongst experienced traders because of its simplicity, online binary option platforms are also popular among advanced and experienced traders who are seeking a simple and easy way to trade from the comfort of their home.
Some of the first online binary brokers include EZTrader, Global Option, 24Option and Banc de Binary. Such binary trading websites offer standardized binary options with a pre-determined payout.
Most binary options brokers in existence today purchase standardized software for their trading platform. EZTrader created, develops and maintains their own software, thus offering a unique and superior trading platform. It means that we are able to constantly improve our trading platform and respond quickly to the needs and wishes of our customers. Furthermore, it provides many advantages with regards to regulation.
EZTrader.com is fully owned and operated by WGM Services Ltd and is an authorized and regulated Binary Options company operating under the Authorization of the Cyprus Securities and Exchange Commission (CySEC).
Being regulated is an extremely important factor that differentiates between binary options brokers. Using an online binary broker that is not regulated can expose a trader to many risks. Using a regulated broker is essential to ensure a safe trading experience. It means that funds are stored in safe accounts and transactions are overseen by 3rd parties to ensure fair and legitimate activity.
However, there are two types of regulatory categories for binary option platforms: Companies that own and develop their own software, and companies that do not own their own trading software.
When a company that owns its own trading software is fully regulated, like EZTrader, it means that the entire product – the website, trading software and everything is therefore regulated. Therefore any money that you have placed in binary options through the site will be under the jurisdiction of the broker, and regulated at all times. In contrast, when a company does not develop and own its trading software, it means that once the money is traded on an option, it is no longer under the jurisdiction of the broker, but of the platform provider. Therefore regardless of whether the broker is regulated, unless the platform provider is also regulated -which is often very difficult for a user to verify - your money may not always be in a regulated sphere and its safety cannot be guaranteed.
There are several important factors to look at when selecting a suitable binary options platform. First and foremost is whether or not the trading platform is regulated. Next, you need to consider what is most important to you in a trading platform. In addition to looking for a reliable and legitimate binary options website, a trader should consider whether he needs a high quality education center. Are you looking for free tutorials and webinars? Do you want to receive signals and daily tips? Is the ease and simplicity of using the website very important? Are you looking for large bonuses and lots of promotions? Is your priority finding a platforms with outstanding professional support? Or perhaps one that offers a personal adviser for each and every trader. Are you looking to receive a free 1 on 1 training session? Maybe a wide range of assets is important? And of course payout levels… A small difference in the percentage of a payout can make a big difference to the potential returns from a successful trade.
For the average trader, binary options provide a trading platform with sizeable advantages. At EZTrader, we recognize that it is important to understand the factors a trader should consider while selecting from the growing list of binary option brokers. EZTrader’s easy-to-use approach provides traders across the globe with a platform that satisfies their needs.
When you first start out trading, it is important to understand the basics of the trading platform. This includes knowing what the payout levels are as well understanding the expiration terms. At EZTrader, we offer investors a competitive payout of up to 95% when an option is “in the money”. Expirations times and details of a trade are clearly laid out for users to review before they place the trade.
The range of underlying assets available at the various binary option brokers can make a significant difference to your trading experience. A wide range of stocks, indices, currencies and commodities gives users flexibility and enables them to best apply their knowledge of the markets in their trading activities. If there is a lot of action in a particular sector, or company, and you want to consequently place a trade on a particular option because of that activity, the relevant assets need to be available. Furthermore, a larger selection of assets means that users will mostly be able to trade options almost 24 hours a day.
With binary options being a relatively new style of trading, one of the most important factors when choosing from the various binary option brokers is their customer service reputation. Reputations are built on positive customer experiences and finding customer reviews helps to understand the type of company you will be trading with. At EZTrader, we pride ourselves on the level of customer service we provide. When you open an account with EZTrader, we show you this appreciation at the outset through a welcome bonus and direct customer service contact. This includes personal account managers for all new EZTrader users, as well as personal 1 on 1 training session for advanced and VIP traders. As you build your relationship with EZTrader, our customer support team is there to help you along your way. This commitment to customer service is a key part of what we deliver and what sets us apart from the rest.
There are many factors to look at when considering which binary options broker to use. It is worth putting a bit of time into finding the right one for you, to maximize your online trading experience. The key questions to ask when choosing a binary options broker are:
By taking the time to consider a few simple factors, you can select the right binary options provider to meet and exceed your needs. EZtrader prides itself on its user-friendly website, exceptional training and advice, robust and secure software, and the fact it is owned and ran one of the first binary options companies to be fully regulated and authorized by CySEC.
GENERAL RISK WARNING: Trading binary options is highly speculative and carries a high level of risk. You may sustain a loss of part of all your invested capital, therefore, do not speculate with capital that you cannot afford to lose. Please click here to read full risk warning. Before deciding to trade, you should become aware of all the risks associated with binary options trading and seek advice from an independent and suitably licensed financial adviser.
EZTrader.com, owned and operated by WGM Services (Cyprus) Ltd. is an investment firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under License number 203/13
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