There are many comparisons done between online gambling and investing in the stock market and it is certain there are aspects that are similar. Recently the EZTrader was once considered to be a pioneer in the binary options industry founded in 2008 hit a snag in its development and acceptance. The company invests heavily in sponsorships to attract potential investors. The company also invests in maintaining an effective customer support system with live chat and constant loyalty bonus offers. The firm sponsors Italy’s A.S. Roma football club, England’s Tottenham football club and Liverpool’s Grand National horse racing, which has changed since last November, when the US Secretaries and Exchange Commission ordered EZTrader to pay more than $17 million (€16 million) for misleading investors into trading binary options online before January 2014.
The Tottenham Hotspurs English Premier League football club has terminated its sponsorship deal with binary options company EZTrader 18 months prior of the pre-designated expiration date. The Hotspurs has removed all EZTrader data from its website, although the club has not disclosed the reasons behind the dissolving of the deal. The two-year partnership with EZTrader was expected to continue through to the end of the 2017-18 football season. Online gambling is for the most part safe and secure when using regulated legal online betting domains but the is controversy involving the inclusion of binary options trading. Traffic to EZTrader.com in the past few months has slowed considerably with the traffic now about 6 times less than in October 2016. Loosing respectability causes the same problems for online gambling operators as the binary options industry.
Looking into the company a customer may find that EZtrader has over-simplified the trading of binary options. There is a growing number of fines and warnings from regulators and complaints from their clients associated with this company.