Formerly known as EZTRADER, EZTD is a developer and operator of online trading platforms for binary options and FOREX, operating several different trading brands. Established in 2001, it is considered one of the pioneers in the field of binary options trading and it is wholly owned and operated by WGM Services Ltd., a fully regulated company that is authorized by Cyprus’ regulator, CySEC, throughout Europe. EZTD offers both binary options and forex and CFD trading to retail customers under their Cyprus regulated brokerage and the past few months had been very busy and full of challenges for the entity.
Although hit by a heavy fine from CySEC for several violations towards the end of 2015, the company bounced back and shortly after announced its partnership with Premier League football club Tottenham Hotspur, while it also announced that it had fulfilled the requirements to be listed on the OTC Market’s OTCQX Market. Trading on OTCQX was sought by the company in order to improve its ability to attract institutional investors from both inside and outside of the United States.
The latest corporate milestone that will bring many benefits to the firm, including additional visibility and brand awareness, is their official entry into the Japanese market, since according to a relevant press release EZTD Inc. (OTCQX:EZTD) is now fully licensed to operate in Japan through EZInvest Securities Co. Ltd., EZTD’s subsidiary.
The Japanese market is one of the largest globally in terms of both traded volume and number of private investors. Despite the existence of strict restrictions in the operation of the market that brokers are faced with, such restricting leverage to 20:1, Japan remains a very attractive market for brokers due to the huge trading volume and the strong preference of Japanese investors to the trading of currencies.
Currently only a handful of foreign retail brokers have ensured regulation in Japan, and EZTD has just joined other retail firms such as Saxo Bank, OANDA, Dukascopy, AVA Trade and GAIN Capital, on this list. Highlighting the importance of the potential that Japan holds for his company, Shimon Citron, CEO of EZTD, pointed out that: “Obtaining a license in Japan, a country with a population of nearly 130 million, provides EZTD with an opportunity to expand into one of the largest markets worldwide for foreign exchange (FX) and CFDs.”
Registering as a Securities Company with the Financial Futures Association of Japan (FFAJ), will also allow EZTD not only to offer forex trading to Japanese clients via Japanese unit of the EZInvest brand, but also to launch binary options trading services in Japan as well.