Unfortunately following our review we discovered that much of its content is not original but copied from other sites: much of their FAQ section is copied from competitor sites; the Daily Market Review, Weekly Market Review and Hot Tips from the Analysts are copied from Bloomberg articles and taken from other websites which have not been referenced to or accredited to in the text.

Despite this the site has some interesting features. It is displayed in Russian, Arabic and Spanish as well as English which makes it more universally attractive. It offers binary options on over 50 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse site.

Their payouts are high and in line with the top end of the market. Investors receive 68-75% for in the money options and a generous 5-10% for options expiring out of the money.

The issue of copyright on the site makes a huge statement about the site’s credibility. We are currently investing in the site and hoping that despite this error they deliver their promises.

As with many such sites, the ownership of the company is unknown except for information on the site, stating that “TraderXP is a global privately held company headquartered in The British Virgin Islands with offices spread around the world. The company is managed by veteran professionals of the global financial industry, with vast experience in financial trading, risk management, technology and trading regulations.” It seems however that they are not clued up about copyright regulations.

Special features:

• 5-10% refund on out-of-the-money options
• Real time viewing of asset’s strike price
• One Touch weekend options
• Website in 4 languages
• 53 underlying assets available

Company information:
Name: Trader XP
Website: www.traderxp.com
Established: October2009
Country: Cyprus
Tel: 00357 22 030357

Ratings review:

TraderXP rating – 64 stars out of 100

Usability – 6 stars
The Trader XP site is clean and user-friendly. Its FAQ section is clear (however see Website Review for more information) and is neatly laid out with useful tabs.

The My Account section is comprehensive and enables investors to see all past and current trades as well as neatly presenting information about how to deposit and withdraw funds and the status of these actions.

No software download is needed, as the EZTrader platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

Trader XP has a useful detailed breakdown of each asset, as well as allowing users to search the past expiries of each asset.

A downside to the site is that the maximum investment amount per option is $1,000 which limits the potential returns.

Overall, using the site is a pleasant experience.

No. of assets – 7 stars
Trader XP offers options on the following assets: 20 indices, 17 stocks, 12 currencies and 4 commodities, totaling 53 assets for purchase. These assets concentrate on the USA, European, Asian and Middle Eastern markets, making it internationally attractive and competitive.

Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.

Effective return – 8 stars
The effective return is the total percentage of return offered on an option. On the Trader XP website this is 73-83%. This is split between 68-75% for in the money options and 5-10% on out of the money options. This is near the top end of the industry.

Languages – 8 stars
A full version of the Trader XP website is available in English, Russian, Arabic and Spanish. The Customer Service team speaks X languages.

Website extras – 6 stars
A useful feature of the website is the graph displayed next to each asset, showing the recent strike prices of the selected asset. This shows an investor the recent fluctuations of an asset.

There is also an informative and thorough demo video explaining exactly how to open and account and carry out a trade.

The News by Yahoo! Fiannce feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 9 stars
Trader XP does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they wish. The fee for withdrawing money is $25 for wire transfer, $10 for a cheque plus postage and at no charge to withdraw by credit or debit card

Loyalty offers – 0 stars
So far we are unaware of any offers available on Trader XP.

Payment methods – 8 stars
Deposits can be made by credit card, wire transfer, Western Union and PayPal. Accounts can be held in US dollars or Euro.

Support quality – 7 stars
The Trader XP Customer Service team is available by phone on 14 international numbers and by email. Additionally there is a live chat with a customer service team representative. Currently the response time is slow which could be due to starting difficulties. The service however was not so polite. The opening times for customer services are unspecified.

source: TraderXP review

EZTrader entered the binary option trading market in October 2008, the first to market the type of binary options reviewed here. They adopted the strapline ‘Option trading made easy’ which focuses on the ease of binary option trading and the simplicity of their site. The site is 100% web based which makes the user experience more hassle free and more enjoyable.

They offer trades on over 40 assets covering the USA and European markets.

EZTrader keeps its users up to date with current market news via their Reuters news feed, asset information links and real time asset price graphs.

Staying competitive in the market, they offer payouts of 60-70% on in the money options with a less competitive payback of 0-5% for out of the money options.  They have a secure trading environment which protects an investor’s personal, financial and trading information.

The site is functional and attractive and though relatively basic it ticks all the boxes for an honest and user friendly trading site.

As is usual, the ownership of the company is unknown except for information on the site, stating that “EZTrader.com is a private corporation. It is managed by a few veterans of the European financial industry and some expert technologists.” So far, all of our experience using their site cannot fault this.

Special features:

• Real time viewing of asset’s market price
• Promotion available daily
• 44 underlying assets to choose from
• Today’s Call and Put % split
• Helpful Customer Support

Company information:
Name: EZTrader
Website: www.eztrader.com
Established: January 2009
Country: Cyprus
Email: support@eztrader.com
Tel:  646 666  9677

Ratings review:

EZTrader rating – 72 stars out of 100

Usability – 7 stars
The EZTrader site is a simple and unfussy site. Its glossary and FAQ sections are clear and useful tools which help its users understand the basics of binary option trading.

The My Trade section is comprehensive and enables investors to see all past and current trades. Additionally, the My Account section provides succinct information about how to deposit and withdraw funds and the status of these actions.

No software download is needed, as the EZTrader platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

A downside of the site is navigating and understanding the assets. Rather than being able to select an asset and discover its available expiry times, an investor must first select the relevant asset tab and then check the End of Day tab. This is an unnecessary extra step should a user wish to quickly purchase an option. The site also lacks further information regarding the asset such as trading times and general asset information. However on some indices there is a News button taking the investor to news bites about that particular asset. This is a lovely touch to the website.

A downside to the site is that the maximum investment amount per option is $1,500 which limits the potential returns.

Overall, using the site is an enjoyable experience.

No. of assets – 7 stars
EZTrader offers options on the following assets: 7 indices, 25 stocks, 8 currencies and 4 commodities, totaling 44 assets for purchase. These assets concentrate on the USA and European markets.

Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.

Effective return – 7 stars
The effective return is the total percentage of return offered on an option. On the EZTrader website this is 75-85%, split between 60-70% for in the money options and 0-15% on out of the money options. This is near the top end of the industry, though an investor will only receive 0-15% payback on Nasdaq options which means he could potentially lose 100% of his investment on most of the site’s options.

Languages  – 5 stars
The EZTrader website is only available in English.

Website extras – 8 stars
A useful feature of the website is the graph displayed next to each asset, showing the real time market prices of the selected asset. This shows an investor the recent fluctuations of an asset.

Additionally the Homepage has a couple of interesting features. Today’s Trades is a box showing the percentage split between Calls and Puts that day. The Reuters Financial News live feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 9 stars
EZTrader does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. A user may also withdraw money as many times a month as he wishes at a cost of $20 by cheque, $30 for wire transfer and at no charge to withdraw by credit or debit card, as long as the amount is not larger than that initially deposited by the card. Over that amount, his PayPal account is credited with the withdraw balance.

Loyalty offers – 10 stars
The EZTrader site constantly offers bonuses to its customers on the Homepage of its website. These normally entail a bonus once a deposit of a certain amount is placed into the account. They also place no limit on the number of times a user can take advantage of the bonus which is an extremely beneficial feature of the website.

Payment methods – 5 stars
Deposits can be made by credit card only. Accounts are held in US dollars.

Support quality – 9 stars
The EZTrader Customer Service team is available by phone on four international numbers and by email. Additionally there is a live chat with a customer service team representative where they respond immediately and are extremely helpful.  The service is polite, speedy and helpful. The opening times for customer services are unspecified.

source: EZTrader review

The anyoption™ site was launched in February 2009.  Being 100% web based means it does not require software download and adhering to their strapline of ‘anyone can trade’ they have created a site geared at beginners wanting a user friendly, uncomplicated experience of binary option trading.

anyoption™ offers binary options on over 60 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse and internationally attractive site. For the non English speaker, the fact that the site is also displayed in Turkish, Spanish, Arabic and German, makes it a highly beneficial and appealing platform for trading.

anyoption™’s unique feature is that 15% of the option’s investment is paid back even if it expires out of the money. Refunds are normally not given in binary option trading so this increases the site’s desirability. The technology they use ensures that transactions are speedy and most importantly, totally secure.  Their returns on in-the-money options are high at 65-71%, ensuring they stay at the top of their game and remain competitive.

As with many such sites, the ownership of the company is unknown except for information on the site, stating that anyoption™ is “owned by a group of reputable individuals with many years of experience in risk management, derivatives, forex trading, exotic options pricing, payment processing and international laws and legislations.” So far, all of our experience using their site cannot fault this.

Special features:

• 15% refund on out-of-the-money options
• One Touch weekend options
• Website in 5 languages
• 52 underlying assets available
• 9 bonuses offered

Company information:
Name: anyoption™
Website: www.anyoption.com
Established: January 2009
Country: Cyprus
Email: support@anyoption.com
Tel: 0044 208 0997262

Ratings review:

anyoption™  rating – 94 stars out of 100

Usability – 10 stars
The site is clear and neatly presented without an overload of information, making navigation around the site enjoyable.  Registering with anyoption™ is a simple process and it gives a clear explanation and demonstration on how to purchase an option. The site’s FAQ and Banking sections are comprehensive and informative, explaining a host of queries.

Registered anyoption™ users have a comprehensive view of their account and its history. They can quickly view their settled options, open options, banking history, bonuses and much more. When withdrawing money, a buyer must send authorization documents as proof of identification. Though this slows down the process, it ensures a smooth and secure transfer. Once all documents are authorized, the withdrawal is processed within 3 business days.

No software download is needed, as the anyoption™ platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

An investor can purchase an option for as much as $3,000 per option which is the highest in the industry, maximizing the potential returns.

A first time buyer will find the site uncomplicated, instructive and interesting.

No. of assets – 10 stars
anyoption™ offers options on the following underlying assets: 12 currency pairs (forex), 19 indices, 17 stocks and 4 commodities, totaling 61 assets for purchase. The quantity and international spread make them a competitive range of assets, with new ones being added regularly.

Expiry range of options – 8 stars
The anyoption™ website has 4 expiry times – end of the hour, day, week or month. Most indices, currency pairs and stocks have all 4 expiry times, with commodities only offering two each. Nothing further reaching than end of the month is offered on any assets,

Effective return – 9 stars
The effective return is the total percentage of return offered on an option. On the anyoption™ website this is 80-86%. This is split between 65-71% for in the money options and 15% on out of the money options. This is the highest in the industry and is therefore a significant benefit when considering which online platform to select.

Languages  – 9 stars
A full version of the anyoption™ website is available in 5 languages – English, Spanish, Turkish, Arabic and German. The anyoption™ Customer Services team speaks 4 languages.

Website extras – 10 stars
A unique feature of the anyoption™ website is its tool, The Profit Line. An investor can view the real time profit of their investments, following the assets’ live market fluctuations. Investors are able to clearly chart the movements of their investments whilst purchasing new options according to their situation.

For assets which a buyer has not yet invested in, they can view the real time trend analysis of the asset, displayed in each asset’s trading box. This will help a buyer with his Call/Put decision. The website also displays a useful and clear demo of how to purchase an option.

Another useful feature is the product, One Touch, which enables buyers to purchase options over the weekend when the markets are closed. Buyers receive a payout once the price of an underlying asset reaches a predetermined barrier. The payout reaches as high as a 350% return for selected assets. It’s a novel method of weekend trading, aimed at the more experienced trader.

Fees/commissions –  9 stars
anyoption™ does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. The first withdrawal each month is also free of charge. From there on, there is a fee of 30 USD/25 EUR/20 GBP/38 TRY for every additional withdrawal that month.

Loyalty offers – 10 stars
As far as we are aware, anyoption™ offers 9 different varieties of bonuses and special offers, treating its customers to ‘bonus’ money added to their account, risk free investments and more.

Payment methods – 10 stars
As a standard rule, deposits can be made via credit/debit cards and bank wire transfer. However, there are also additional domestic payment methods available (e.g. PayPal), relevant to each country. The user can also choose whether to open an account in US dollars, Euros or Pounds Sterling.

Support quality – 9 stars
The anyoption™ Customer Service team are available by phone and email, Monday-Friday, from 07:00-21:00 GMT, however there is no live chat with a team member. They are contactable via 8 international phone numbers, enabling buyers to call a local number in their country of residence. The response time for phone calls is quick and the service is polite and informative.

source: anyoption™ review