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Review of uBinary

Details

Broker uBinary
Website URL https://www.ubinary.com/
Founded 2011
Headquarters London, UK
Support Number +442036959422
Support Types Live Chat, Support Email, Phone
Languages English, French, Arabic
Trading Platform ParagonEX
Minimum 1st Deposit $250
Minimum Account Size $250
Minimum Trade Amount $20
Maximum Trade Amount $5000
Bonus Up to 40% first deposit bonus
Payout 90%
Free Demo Account No
Account Types Standard, Gold, Platinum
Deposit Methods Visa, Mastercard, Bank Wire, CashU, Diners Club, JCB, Maestro, Discover Card
Withdrawal Methods Visa, Mastercard, Bank Wire, CashU, Diners Club, JCB, Maestro, Discover Card
Number of Assets 60+
Expiry Times 30 sec, 60 sec, 2min, 5min, 30 min, 1 hr, 24h, End of Day, End of Week
Types of Assets Currencies, Stocks, Indices, Commodities
Option Types High/Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Trading Currency EUR, GBP, AUD, NZD, USD, CHF, CAD, JPY, SEK, NOK, RUB, ZAR,
Account Currency USD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Pros

  • Great slick design
  • High ROI
  • No WD fees

Cons

  • US traders not allowed

Get The Most Out Of Binary Options Trading With uBinary

The uBinary platform is very user friendly and also has a mobile option. Get great returns on funds with a 90% ROI. The company is very encouraging towards new traders. They set traders up with an analyst to ensure their success after they set up an account. They offer analysts and brokers available from all over the world to help ensure traders’ success. uBinary makes it easy to trade with limited risk.It’s a great platform for professional and novice traders. uBinary has developed a few different trading tools including Buy Me Time, The Flip, and Buy Me Out. Buy Me Time extends the time of the trade, even if it’s only a 60 second trade. The Flip allows traders to change their mind in the middle of a trade and “flip” the trade the other direction. It’s possible to do this up to five times before the asset trade closes. The Buy Me Out option allows a trader to close the position early in order to make a profit.

History/Background

uBinary emerged in 2011. The UK company offers trading education and a trading platform with one of a kind options. The platform is entirely online with no need to download software. The creators of the company have a great deal of trading experience and have created a fully functional site that allows traders to engage in binary options and get a fixed price return on contract. The creators have a combined 50 years of experience providing financial market services.

This group is otherwise known as PTT Capital Group. With uBinary, traders have access to the full stock market minus commodities 24 hours per day, Sunday through Friday. Stock markets in the US are available Sunday through Thursday. Saudi stock markets are available Monday through Thursday. Traders only have to be over the age of 18 and outside the United States to trade. It is recommended that for traders to start with the uBinary Options Trading Academy to increase trading skills and knowledge if they’re new to trading.

Geographical spread

uBinary is active in all countries except for the United States. This is because uBinary is considered an offshore broker. However, it’s possible to trade US stock markets.

Services

uBinary provides a glossary so that traders can understand trading terminology. Use the financial calendar to keep up with certain financial events and trade on a platform with high levels of security. The company also offers interactive webinars and free insurance for trades that last longer than five minutes. The insurance accounts for up to 30% of the trade. Get more control over how funds are traded with uBinary. Many people who stick with using the platform really favor the ability to switch trades at the last minute among other options exclusive to the platform.

What can you trade?

Traders can work with many currencies including GBP, USD, and EUR. Several trading options are offered including 60 seconds, long term, pair options, ladder options, high/ low, and one touch. Trade commodities, indices, stocks, and currencies. Commodities typically include energy, metals, livestock, meat, and agricultural products. Indices are groups of shares at the top of a particular exchange.Of course currency trading involves the Euro, British Pound, Japanese Yen, Swiss Franc, among many others. All of the prices are current and live in real time.

uBinary has no charges, fees or commissions on trading. The trading tools offered by uBinary are unique, in that they provide many options not available on other software platforms. These tools are powerful and actually help traders improve their trading. Buy Me Time, Flip, and Buy Me Out are the essential tools that will allow traders to make a greater return on investment for each trade. This is crucial not only for new investors, but experienced ones as well. There are 30 currency pairs with 6 indices, 6 commodities, and 17 stocks. There is also an option builder is available and the fact that uBinary doesn’t charge commission is a huge benefit. The company offers a very high payout for its trades. There are certain trading volume requirements that need to be met which are available on the website.

Trading Software

uBinary’s trading platform operates on paragonEX. They are the only company that utilizes this software, giving them a different feel that any other platform.There are a couple of different options when it comes to the look of the user interface. It’s easy to customize the indicators on the platform to the user’s liking among other features that can be changed. Customizing the platform can mean better trading for the trader. No need to worry about banner ads popping up all over the place when focused on trading.

uBinary has completely eliminated that aspect from the trading platform and site. The trading platform respects financial info and uses SSL encryption to protect private information. The platform is simple to use and understand. Although, there is the option to visit the information pages regarding how to use the software. Choose from expiration times that last from 60 seconds until the end of the day. To begin trading, it’s required to submit proof of address, credit card information, and a copy of a photo ID or passport. uBinary does not typically offer demo accounts, although they offer it to select customers. Feel free to contact uBinary regarding the demo account.

Bonus offers

The more money deposited by the trader, the more they have to work with. The more the deposit is, the greater the bonus offered by uBinary. If a trader will stand to benefit from additional trading in the world of binary options, they should really take advantage of all of the educational offerings presented. Take of advantage of chat sessions, free signals, managed trading, and more.

Customer support

Customer support is offered 6 days per week via live chat, email, and phone. uBinary offers a diverse customer support staff that can offer assistance in Arabic, French, and English.

Deposit & Withdrawals?

Regarding deposits, $250 is the minimum deposit and the minimum investment is only $20. The minimum withdrawal amount is $50. It takes three to seven days to withdraw the funds into an account. However, bank account withdrawals can take up to 10 business days. There are more advantages available the more funds that are deposited. By depositing between $250 and $4,999, the trader receives a Standard Account Level which gives them a 30% bonus. Not only that, they receive educational packages that further their trading knowledge, allowing better trades to be made. Traders receive a one on one trading session with this package. By depositing between $5,000 and $9,999, and are entitled to a greater bonus of 40%.

This is known as the Gold Account Level and it affords the trader the same benefits as the Standard Account Level and more. The Gold Account also receives two months of free trading signals and daily reviews of the market. The Platinum Account Level is given to those who deposit $10,000 or more. At the highest level, traders are afforded the same benefits as the Standard and Gold Levels except they get managed trading access and a personal account manager. Traders can make a deposit via bank wire transfer, MasterCard, Discover, Visa, CashU, JCB, Maestro, and Diners Club. Traders can expect their deposits to show up relatively soon. Withdrawal fees don’t apply with uBinary.

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