Binary options brokerages are largely upstanding, regulated, customer service oriented enterprises. These respectable institutions are broadly painted in a bad light however, by a couple of unscrupulous brokers eroding the public’s trust.

However, If you asked most average people after the 2008 financial collapse if US banks were a scam, they would have exclaimed their abhorrence for the entire industry, just because a few people at a couple firms made some very greed decisions. This is one of the greatest success stories in the history of worldwide enterprises, one of the most regulated industries ever created, and a conduit through which the entire world economy flows. Look at the US banking industry. Even though the issue is not widespread amongst brokerages, it doesn’t take many bad apples to give an entire industry a bad name.

However, the lack of the additional features in regards to charting interface comes with its own set of advantages, the most important being that trading is quick , besides the fact that that line charts load up pretty fast regardless of the browsers being used. Seasoned price action traders will however find that the basic charts offered by EzTrader more or less suffices as far as technical trading is binary options haramain concerned.

As an example, pick brokers that enjoy the approval of multiple regulators, or even most of the most demanding financial watchdogs globally. Now this form of trading isn’t a get rich quick scheme. Try to make sure if the broker was associated with any scandals, I know it’s not completely out of the ordinary for regulated brokers to be accused of business misconduct.

That said, every business, even the ones rigged against customers, come with their own risks. One such incident was when in 2015 the Swiss Bank removed the peg of 1.20 francs (CHF) to the Euro; Swiss Franc moved up 30%. For dubious business operators, it is a lucrative business to run as long as they are able to continuously "churn" new customers who sign up and lose money. Once in a while, when there is a black swan event that causes prices to move wildly, a group of customers can make a windfall greater than the other group customers losing by large amounts, pushing these platforms to become insolvent.

Binary options are a legal and regulated security in the United States. Many brokers are registered under European or American regulatory agencies, and client’s never have any complaints of fraud or mistrust.

Brokers will cheat their customers and make winning trades account in the P/L as losers later, and clients have know recourse for these offshore scam artists. Are binary options a scam? The image problem plaguing binary options is well known by most traders.

Not only do they deliver an awesome binary trading package, but they do it with top notch service, a reputation for transparency and customer satisfaction, and they are known as one of the fastest brokers to release withdrawn money. We use Tradorax because of their sterling reputation.

The trading interface is built into the charts which as we noted previously makes is very simple and quick to trade. With the option to switch between instruments being as simple as selecting from the drop down, it is also very easy to navigate between the trading instruments and placing the trades accordingly. The trade buttons (CALL/PUT) are located to the right to the screen including the option to change the minimum amount to invest.

These include the Call/Put options, SellOptions, 60 second short term expiring options, the long term (monthly expiries) as well as the daily and weekly expiring contracts. The trading platform is divided into the top section navigation which can be used to switch between the different types of binary options that are available to trade. EzTrader’s trading interface is very simple.

EzTrader’s mobile trading app keeps with its general theme of offering a distraction free and simple trading interface and in this aspect; traders will find that the interface is almost similar to trading from your desktop. The charting on the mobile devices is limited to the area chart but is visually appealing. The large CALL/PUT buttons are hard not to miss and traders can quickly click on the buttons to trade with ease.

So you just have to mount an instant guess and a prolong research for this kind of prompt trading. On the other hand the trouble with this digital option is that they turn their percentage rate so quickly that even the expert traders become unpredictable about the mechanism of its market. Another shortcoming provides longer term contract with broker certainly of one year which means that you will not be able to buy or sell your shares as the market fluctuates.

While EzTrader lacks in terms of charting functionalities, it makes up for offering a light weight and a quick trading interface, which should go well with seasoned binary option traders. EzTrader binary options trading platform is one of the simplest of all trading platforms focusing on offering a distraction free trading. The ability to trade from the desktop or mobile trading devices makes it ideal to trade on the go.