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EZTrader-Review.com - Welcome
Welcome to EZTrader-Review.com
After trading on EZTrader since November 2008, earning some and losing some, and
about 4 months into this sites existence i’m summarizing all the review posts to a single
one to make it easier on those who comment.
In the 6 months i trade, 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 officialNasdaq tick sheet from Reuters upon request which i later verified with Reuters directly.
I have received all of my withdrawals, sometimes it was very quick, sometimes it was a bit frustrating (they said my fax came with bad quality and asked me to resend.. since i only sent via email scan which resolved the issue) but i have always received all my withdrawals - in the beginning via credit to my credit card and later via wire transfers.
When sending your ID + Card front on your withdrawal, they allow to block some of the numbers and the details from the ID and CC which i find most important - that assures me there is no ID security issue and that they just want to verify my identity. That was important to me.
I think the best information source are you - the readers who comment, please continue and i will summarize the comments in the post one in a while.
Unlike other review sites i have found, no affiliate links will be found here - neither to EZTrader or any other solution.
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 right 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?
Nice to have an eztrader review site — hope it grows.. it’s a bit lacking.
Fad: Most major finance websites have a notice similar to this, including forex website etc. The bottom line is that when you go to google finance it has the same rates… and also, it doesn’t rally matter what the difference is in quote as long as the movement is the same in either direction.
If you go to any option issuer (binary or otherwise) you would notice the same text. (i researched).
I have actively been trading with EZtrader for approximately 2 months. I have thoroughly enjoyed my experience. I have made some money and lost some money, just like in any other investments that I have made in my life.
However, I must say that their customer service has been impeccable and I have always received any withdrawal requests that have been made.
It is good to be skeptical in this day and age. Be wary and be responsible. That seems to be a good rule of thumb. They seem to be relatively new, but so far so good.
I truly to hope to see more favorable responses pop up. Generally, though, since it is a high-risk investment to trade in options (of any type) most people will lose money and will call it a scam. When, in reality, it is simply un-educated individuals trying to make a quick buck.
Be careful of who you take advice from.
Enjoy trading!
Quote: ” fad says:
March 1, 2009 at 8:37 am
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 right 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?”
I once was very close to the expiry out-of-the-money and I talked to my account manager about this. They have no way of changing the expiry price. Their information is received directly from Reuters options data. If you check out the FAQ you can see how they tally up the exipry
I was always interested in trading but found it too difficult to understand. Then I came across the EZtrader site. It’s approach was very east to understand. I too was skeptical as the next person. But they seem to be legit. I never had a problem. Since I am stateside, the contact person I usually communicated with was an indiviual named David in New York. Never had a problem withdrawing money when I wanted. My best advice is to have a good trading plan and stick to it. Don’t get too greedy and keep your goals in mind or else you can lose alot fast. Lastly, never let your emotions control your trading. I learned that the hard way. Thank God I breaking even at the moment. I say its a easier understanding trading site for beginners like myself but can be utilized by normal traders just as well.
I have to agree with patron. And i’m happy to see a site like this. As far as my 1 week experience, it’s been really good, but I’m also very finicky and - lets be honest - sort of a cheap schmuck. I definitely see that disciplined trading can get you in the money 75% - 80% of the time. Thankfully, I’m at 100% right now, but i’m only at 6 trades with only the $30 min. But still much easier than the other sites I’m on and perfect for the type of nickel and dime investor I want to be. I wrote them an email asking about why all the pages aren’t secure (e.g. the feedback page, as well as the primary withdrawal page :O), but it seems to me that it is an engineering bug, so hoping for the best
p.s. i’ll post again when i make my first withdrawal. (God willing there’s money to withdraw!!)
So far i have had a good exprience with eztrader. I started being quite worrisome, in this madof world you just don’t know, but thank fully it has worked out for me. I don’t know much about trading, i sort of combine guess work with charts - but what ever i do seems to work ok and i have profitted.. not much, but i have, and most importantly i got my withdrawals and was fully paid with the bonuses i made. eztrader is a scam? no. and i’m the proof.
I made $800 in beginning then was $6000 down. Got half back. At moment, I’m still waiting for my $1800 withdrawal from April 8, 2009. I got e-mail from Jordan on April 13 saying withdrawal complete and to check my account in a few business days. Still no money in my account. Called David in NY few days ago, he said it should be at my bank. I plan to go to bank and have them call EZtrader that I still don’t have my withdrawal. I update later.
Finally got my withdrawal after having my bank called EZtrader about my April 8 withdrawal not showing in my account. Happy now.
Hey, just started to trade on eztrader.com, havent done any withdraw yet but like the site and the products, would need some more to bet on I think.
have anyone done a wire transfer from the site?
I haven’t made a withdrawal yet either but like Thomas I’m impressed with the site and the fact that the companies for making trades generally are all either well known and/or top grade.
I would greatly appreciate some tips on how to be in the money on ez-trader,because all I ha done is lose so far.thanx,I appreciate it.
I have successfully received my first deposit.. it took slightly longer then i anticipated (2 weeks to receive check by mail) but at least it arrived. going to deposit again
Today(Friday) EZTrader offered to deposit $200 for every $1000 deposited. How can they offer a 20% profit for doing nothing? Even if they can lend the money overnight how can they make such an offer.
Wow, I tried a few trading sites, but none of them was like this one. First - there are no commissions, and I realy did make some money.
Hello,
Can any one tell me what is the difference between this binary options and forex?
Hi Dina,
In the eztrader system your options expire within one hour, while at forex they take longer. Also, in forex you have to invest more money if you are looking to earn anything. And last, you know how much you are going to win/loos up front.
I hope this helps
George
Well, I’ve made one trade and it was profitable. This is much more simple then most trading sites. It also leaves the potential for some pretty nice profit.
Now let’s see if my withdrawal comes through!
Following up on my previous comment - I have since then made seven more trades. Strangely enough, I’ve been in-the-money 6 out of my eight total trades. In fact, I’ve manipulated my initial trade of $30 into almost $300.
It’s kind of ridiculous. I’m going to see how far I can go. It seems with this thing, as with all gambling, the key is self-restraint.
I made my first withdrawal last week. It was approved of today. Lets see how long it takes for the withdrawal to reach my bank account. I spoke to my bank and they told it shouldn’t take more than a week. I will update the thread with all forthgoing events.
Bob, what kind of strategy are you using? I had one where i was getting 80% right for a week or two straight with returns of 72% avg each day, and it fell apart, now i am trying to find a new one.
I have finally made some CASH! Initially I lost about $400, but than luck turned around and I won $700. I tried to withdraw, but was told that I couldn’t because I had to use the bonuses I received. So, NOW finally I have a legit $350 to withdraw, and I will let you know how that went.
Hello,
How do you guys decide on putt or call? Is there a technique for this? Should I follow the Charts on Google Finance? any thing else I should follow?
I got the refund today. Took about a week and a half to clear through my bank. I requested another withdrawal today this time by a bank wire so hopefully I am able to get that in by Monday or Tuesday of next week. Eztrader has delievered on every end so far. Great costumer service to go alongside.
Easy to trade, great customer service - they are answering any questions promptly by email or the live chat; I found it somehow risky, but it can be rewarding if you get it right; for every trade you lose, you must win 2 in order to make some profit; did a few trades a made about $1000, then I got courageus and kept making some but losing more; total profit so far -$2000; I have $900 left in my account because of the bonuses, I’ll trade much more careful from now on; if anybody want to share any strategies, I am open for discussions; thanks
just want to clarify: I am usually placing $100 trades - if I win I got an average of $165 (so $65 profit), if I lose I got $5 (so I lose $95); that’s why if I lose one trade I have to get 2 wining trades to make my $$ back and get some profit; not too easy;
Try to hedge your trade Green.
still waiting for someone to post a strategy or something..50/50 guessing isn’t exactly great.
still no strategies from anyone? you have a 50/50 shot how do you decide?
Try to hedge. For example, if you think GOOG is going to go up within the hour, put $100 worth on the call side and $40 on the put side. If all goes well, your profit is $25. If all else goes wrong, your loss is $35 or so. Instead of losing $100, you just lost $35. At the same time, instead of potentially winning $65, you can potentially win $25. It increaes your probabilities at a reduced premium and risk.
Requested a withdrawal on Monday. they said it will be approved of and completed by Monday. I requested a bank wire, ill update the forum of when i got the money.
The withdrawal should be approved of tomorrow. Since it is a bankwire, I should get it tomorrow but no later than Tuesday night. I’ll update on the process.
…. still waiting for my 7K to reach my bank account. Its been 2 weeks since I requested the money. If I dont eget the money Monday night, i can tell you with full confidence that this is indeed a scam. The bank told me this wire should nto take longer than 2-3 business days. If this is the case(meaning that they are indeed a scam), I will persecute them. Period.
I got the money this morning. I was wrong to assume that the site was a scam, it is obviosuly not, the withdrawal process is just a bit long but other than that it is as legitimate as any other website out there with the added excellent costumer service.
i haven’t tried this site, and it seems to me that it should be fairly easy to make money consistently, though it must be true that before establishing an account the “quoted” prices are not accurate, right? Like right now (1:22 pm), JPM is trading at 33.13, but the quote on eztrader is 31.12. That is $2.00 different, and would require more than a 6% move in about 45 minutes!!! To me, this either means that the quotes they have aren’t “live” (and therefore meaningless), or else its a pure gambling shop. Keep in mind that the expected payout of a $100 bet with 66%/6% payout is $86. which means that if the gamble is “fair”, on average you should receive $86 for every $100 you bet. This is, i assume, where the site makes its money (they make the $14). I also assume that they move the strike prices as people pile onto one side of the trade. So in the JPM example, you must have a ton of people that think its going down, so they lower the strike price to appeal to call buyers to even-out their book. Its the same thing they do at the race track to even-out horse-betting odds.
If this is how the site works, it isnt a scam, its actually brilliant, but it is shocking to me that, like my JPM example, that the current strike price would be so far away from the actual market price.
Anybody else trading with them?
I have been trading with them from past 1 month.I have never withdrawn any money yet ?? Is it Safe to retain money there and withdraw when you have really made some gains??
i’m still playing with strategies..will post more later
I am skeptical of this review site. I need to be convinced that this is an unbiased review. You state above “Unlike other review sites i have found, no affiliate links will be found here - neither to EZTrader or any other solution.”
Well…as I look at the right hand side of this page…what do I see? A LINK TO EZTRADER.COM.
Ok…Explain please.
Any more comments on EZTrader?
Seems like things have calmed down here.
phild
Does anyone have any strategies? I put all my savings into this, about $6000, and have lost most of it…I need help fast…
Has anybody done some paper trade with eztrader.com before going live?
anyone else.
how do the bonus work?
I have a strategy suggestion, however I am still collecting data to verify its worth. If overseas markets are doing well before our market opens, it usually means our index will jump out of the gate. If overseas markets tank, then our markets will usually follow suit. For example, Asian markets are up today - I’ll place a call on NASD and/or S&P. If that market is up in certain sectors (e.g. housing) then maybe a Home Depot call is in order. On the flip side, yesterday’s opening announcement was that consumer confidence had dipped. This always means a quick tumble right away, so a put option on the index options is a good idea. Bet small until you verify and please post results to this site! Happy Trading.
This is Mahfooz from Pakistan. I have been investigating and researching about this website for the last 5 months now i have decided to deposit money I am still not sure if anyone is working them from Pakistan. Because I don’t know how are they gonna refund my money back into my debit card.
Anyone working with them from Pakistan please?
I just signed up and made a small deposit and a few trades w/ eztrader. I am still more than a little skeptical, though, as I remember these 2 words: Bernard Madoff.
I’m just sayin’…
Alot is just luck as with anything doing with stocks. Sometimes the best indicators lead you wrong. David’s strategy posted back in June is a good way to keep from losing everything in one fell swoop. A little hedge goes a long way. Right now I have lost about 55% of my initial investment, but the potential keeps me interested.
you can do the bid on both ways and not make much each time it ends or if u have the time you can sit and watch the way the stock moves.this is what i do and have only lost about 10-15%. i watch for a big spike or big drop and then bet the other way…and it really works for me…if u think about it when the stock falls people are going to buy witch will bring it up and when it goes way up people will sell and it will fall back down….everyone has there own method and this is mine…good luck trading…and for you people worrying about those big wire trasfers…there are alot more things that have to be done when transfering that much money so it will take alot longer
I am new to EZtrader in the last 10 days. I made some plus trades and lost on some trades. Today October 31 2009 . I cannot log on . Is there a problem on the site ? Does anyone have information. I see EZtrader also posts to this site.
Dave Demarest