uBinary, based in London UK, is a leading binary options broker, offering traders a choice of options in stocks, indices, commodities and currencies. uBinary is a brand name of the PPT Capital Ltd, an Isle of Man Investment firm.
uBinary prides itself on following three basic principles: offering personal and customized services to all traders of all levels of experience, high-level security and protection and prioritizing traders’ goals. uBinary accepts all clients with the exception of U.S. residents due to regulatory stipulations.
There are five different accounts at uBinary. The Micro account requires a minimum deposit of $250 and a 20% bonus is rewarded upon registration. $500 is needed to open a Mini account which is the most popular account. A 25% is offered with this account. A deposit of at least $1000 is necessary in order to open the Standard account where traders receive a bonus of 30%. $5000 will open a Gold account and $10,000 a Platinum account. Bonuses of 40% and 50% respectively are awarded for these accounts.
All five accounts are entitled to free training, a period of free signals, client protection insurance and payouts ranging from 70% up to 95%. There are additional benefits for each account.
The minimum trade from any account is $20 and the maximum amount is $50,000. There are no fees for opening trades, profits, depositing or withdrawing with uBinary.
When doing this uBinary review, I was surprised to see that a demo account was not offered to all traders but only to a select group. There was no further information posted about this account.
Once a trade has expired, traders can review the results of their trade in their “Closed Positions” shown on the bottom of the page.
Traders can also view their trading history by clicking on to their “Account Statement.”
The landing page at uBinary is packed with graphs and charts but is easy to navigate.
The Trader Spotlight posts the five most recent trades, the asset traded and the instrument chosen.
The Economic Calendar is situated alongside the Trader Spotlight and differs from the economic calendars offered by most brokers. Instead of one list with upcoming events and their dates, the uBinary calendar is digital and the event is flashed across the screen showing exactly how many hours, minutes and seconds are left before the next upcoming event.
Trading can be done at uBinary from Sunday Night (22:00 GMT) to Friday Night (20:00 GMT) with the exception of stocks and commodities. Sunday Mornings (11:00 GMT+3) to Sunday Afternoon (15:30 GMT+3) Arabic Stocks and long term assets are available to trade.
Prices on the uBinary live feed are 100% real-time.
An interesting feature at uBinary is the listing of their team of senior analysts along with their bios. These descriptions offer traders a measure of transparency and trust in the company and go a long way towards attracting new clients.
uBinary's trading Academy offers traders a host of educational material for all traders.
Once a trader has activated his/her account, a representative will immediately be in contact in order to schedule an appointment with a personal analyst that will help build a personal plan towards successful trading.
The Binary Options Glossary provides useful information on all aspects of binary options trading and the How To Trade section explains in detail how to register, select an asset and set up a trade. Colorful graphs accompany these descriptions.
Articles on financial topics and the dates they were posted can be viewed on the landing page. In the ubinary blog section, clients can learn about binary options trading strategies, how to make trades more profitable and other interesting topics.
The 100% deposit match bonus at uBinary is real money that is credited to a trading account to provide traders with additional leverage and liquidity. It is meant to provide clients with an opportunity to trade with an increased amount of funds while still maintaining their money management strategy.
In addition, uBinary offers a 30% first deposit bonus which is credited to the account when the client opens the account and makes a request to receive it.
uBinary accepts all major credit and debit cards, wire transfers, Neteller and CashU. Withdrawals are made by submitting the necessary documents by email and filling out the online withdrawal form with the first withdrawal sent via the same method used to make the deposit. The minimum amount of withdrawal is $50.
Withdrawals made towards a credit/debit card can take between 3 to 7 business days. Withdrawals made towards bank accounts can take up to 10 business days.
Traders can reach a uBinary representative 24/6 via email, chat and telephone to their London, UK headquarters and to their global offices in France, Bahrain, Hong Kong, Italy, Japan, Sweden, Russia and Saudi Arabia.
There is also a “frequently asked questions” section which provides the answers to most queries during non-working hours.
uBinary has just introduced its Mobile app so traders can trade whenever they wish from wherever they are.
The uBinary website is available only in English, Russian and Arabic.
The uBinary website is easy to navigate. When doing this review I would have like to see additional information on the platform used for trading and for the demo account which was only mentioned in passing. Their exceptional service, intuitive trading platform and personalized one to one coaching, however, make up for any missing items.
- Wide choice of accounts
- High payout
- Missing information
- Only available in 3 languages
Review info: uBinary
Review Date: 2016-05-10
Rating : 4
Reviewed By : Sara Patterson