and regardless of if it goes up or down, you make money."

It doesn't work that way.

You are correct, it is a scam and sure looks like a ponzi scheme.

" Deposit $350.00 and we will credit you a bonus of $50.00
-or-
Deposit $1600.00 and we will credit you a bonus of $400.00!!"

So you give them $300 and they give you $50? Who made money?

You give them $1600, and they give you $400. Who made money?

Reported to SEC Enforcement
http://www.sec.gov/complaint/cf942sec957…

Dear Net Advisor,

My name is David Campbell, I am the customer service manager for EZTrader.com I have read your answer, and was quite surprised by it, especially since you are a high standing member of this great community, while your answer is completely un founded or based on experience.
I have decided to respond to your post here, and send you a copy privately – and would welcome a discussion and the ability to answer any of your questions, publicly and privately.

EZTrader is a Binary Options trading platform which is a common high risk, short term investment tool, one that is learned about by every first year economics student. I'm aware from reading your bio that you are well educated in finance, but assume not everyone knows this.

As they teach in economics, every investment is a gamble and every gamble is an investment. No one is offering
free money and when making trades you have to remember that trading involves a high risk - and great rewards. we offer Binary Options - A fair trading tool which is in way controlled by anyone but the market.

we are proud to be able to offer our traders great promotions and have never ever failed to pay any withdrawal, and pride ourselves with great customer service. Forex companies leverage your money and offer a large bonus, Newspaper subscriptions give you free first months --> Are any of these scams or great Ponzi schemes in your schemes? I doubt you would have wrote your answer the same way if you have read The rules and conditions of the bonus available in our F.A.Q. For everyone to see. These can be found at http://www.eztrader.com/FAQ.aspx

Your answer is highly unfounded, and while no doubt each is entitled to an opinion, your writing which Is based solely on opinion disguised as facts is beyond slender. In fact, have you not been such a high standing member of Yahoo Answers, I would have for sure thought you are a competitor.

no where in the site has it been advertised that you make a profit or break even on 'out of money' transactions.
both the demo movie and FAQ explain clearly that in "out of money trades" you lose between the entire investment, or %90 of it. You can profit when the market goes down if you have a 'put' option which does generate a profit when the option expires below the eatery price.

I look forward to answering any questions you have, at any time - privately or publicly.
Source(s):
http://www.eztrader.com