At ezoption, the name says it all as it is one of the easiest and most straightforward binary options brokers out there today. There is nothing about e-z-option.com which elevates it into the upper echelons of options brokers, but it’s ease of use will be very attractive for new and casual traders. Also, it is one of the few brokers to currently cater to Asian traders, providing their platform is Japanese and Chinese in addition to English.
Software and Features
In order to make sure that their platform was as easy to use as its name implies, ez option uses the modified SpotOption trading platform. It is so simple that anyone can learn to trade with it in minutes, yet it still provides the power and flexibility that more experienced traders yearn for. Websites extras such as a vast educational center or free demo account are unfortunately absent, though a useful trading tutorial and daily market analyses are providing free of charge. One nice touch is that upon creating a new account, traders can request to be contacted by a trading coach who will help them get started trading at e-z-option.com. Live chat or telephone support is also available during business hours.
Option Types Offered
Around 65 underlying assets were available at the time of our ezoption review. Most major currencies, indices, stocks, and commodities were represented. These can be traded in many different ways such as call/put options, touch options, pairs, and 60-second options. An option builder is also available, as well as real-time option modifications giving traders the chance to close an option early, roll it over, or double it up. In-the-money profits are a bit low at 75%, although losing trades return 10% and one-touch trades offer higher-than-normal returns, as much as 600%.
Account Types Offered
Be sure to check the box asking to be contacted by a customer service representative when you open an ezoption account. This will make sure that you get the ideal account type and are able to claim extra benefits such as individual coaching, higher returns, and the chance to get an initial ezoption bonus. Deposits and withdrawals can be made securely though Visa and MasterCard, wire transfer, or through the Hong Kong-based i-account service.
Though Chinese and Japanese traders will love the fact that ezoption is available in their native language and supports their banking methods, traders from all over the world will appreciate the simplicity and speed of e-z-option.com. Advanced, full-time traders will find ezoption a little sparse for their needs, but new traders and traders who only make a couple of trades a month should find that ezoption gives them everything they need in a simple package.