EZTrader Claim: EZTrader has revolutionized the way binary options are traded on the internet by supplying its members with a simple, exciting, dynamic and highly profitable trading platform. EZTrader.com allows you to invest in Binary Options online and earn up to 81% returns with every investment. Binary options, also known as all-or-nothing options, are contracts which have only two possible outcomes, win or lose. Basically, you create a free account, deposit funds, receive up to an $850 sign on bonus, research a particular Stock or Forex currency, and make an educated guess as to if the value will go up or down. Regardless of how much the value has changed, if you bet in the right direction, your payout is roughly 81% of the amount betted. EZTrader provides a complete set of tools, such as live financial news, references to financial sites and a wide variety of tradable options to help optimize member decisions and reduce the risk of betting in the wrong direction. EZTrader also mitigates your losses with up to 15% of all incorrect bets being returned to you.
eztrader.com queued for review by a MoneyStance Editor.
"I had to bet with the money, if the rate is lets say: 124.23 and you click up you can bet that if in one hour when it closes (and gives results of outcome), that the rate will go higher than 124.23. So even if its 124.24 (1 number different) you still win. The minimum is $30 to invest in each bet and you get 68% or more if you win. Its same for down a.k.a put, you just have to bet if the rate will go down."
"In the 6 months I traded, overall, I was never able to show that eztrader does anything unfairly, including several times when I was not sure about the expiration rate but received the official Nasdaq tick sheet from Reuters upon request, which I later verified with Reuters directly."
A Squidoo Lens
"There is a delay of about 2-3 seconds. The delay was put in place due to customers saying that they weren't able to get in on the trade at the strike price they would have liked."
"When the option date and time is reached, you will see if you were wrong or right. If you were incorrect, you continue to get 5% or more at eztrader.com, and if you were right you win a fixed amount, maybe $100 or $1000 depending on the contract and the original investment."
"I cannot find any way to make the math work out in the investors favor....a win:loss ratio of 0.65-to-1 means you need to win your trades 61% of the time to break even. More if you want to profit."
"I was able to search around their website easily and make my decisions as to what trades to get involved in. The trade process is simple to use and I was able to get my bet in exactly where I wanted it with no lag."
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