Okay, I've read their claims on the Tetra site and I'm sorry to tell you this, but that "Easy Balance" is yet another snake oil product.
There are only two VIABLE (I said viable, joephys

) ways to remove nitrate from your aquarium: plants and water changes.
NO chemical additive removes nitrate. Period.
Let me explain something: if you do not change out the water in your tank on a regular basis the KH is used up by natural processes in the tank. When the KH is used up, the pH begins to fall. If the KH gets to 0, your bacteria die.
Now and secondly, it's not only nitrates that must be removed from your tank. There are DOC, Dissolved Organic Compounds, that we cannot measure for, that are also produced by natural processes. Then the TDS, Total Dissolved Solids. The longer the water sits, the "thicker" it gets and harder it is for the fish to live in it. The only way to remove any of those is via water changes.
Now, to the Easy Balance, let me tell you what using this will do:
It will jack up your KH and pH. In other words, it will mask the fact that you are headed for a HUGE crash. It will mask the fact that your fish will eventually die in there. It will mask the fact that any new fish you add to that tank will die. Almost instantly.
What will suffer in the long run from using this is your fish. You will have your fish living in nitrifying jello.
"Hello, I'm Mr. Angelfish and I can barely breath because my water is full of pollution. But that's okay because Easy Balance is keeping the bacteria alive! Yes, they are still alive and helping me produce even more pollution!
Eventually I'll just roll over and die because I can no longer change my body to adapt to this water. Whoa. Hey, can you grab that knife and cut me out of here? It's been a few months since I had fresh water and I think the jello is starting to set."
The above is not aimed at you, it's aimed at Tetra. They make that stuff sound great! It's just snake oil.
Roan