uBinary Review

uBinary Review

Although uBinary is relatively new to the world of online binary options trading, this website has become known as a platform that is exceedingly easy to navigate, offers high levels of customer support and that provides ample payouts.

This service is a subsidiary of PPT Capital Ltd. which is a financial advisory firm registered in the Isle of Man. Many new binary trading enthusiasts are attracted to uBinary due to its ease of use alongside a visual dashboard that is seen to be quite futuristic. This site is also unique in the fact that it utilises ParagonEX software; the only platform to do so. This is in comparison to many others that will employ the popular SpotOption system. Let us take a look at this new binary options site in a bit more detail.

Underlying Assets

Traders will have a variety of asset options to choose from. Currently, there are no less than sixty-two assets. These are complimented by an impressive thirty-one pairs of currencies, seven stock indices, six commodities (including gold, silver and oil) and eighteen blue-chip stocks. Some of the most popular of these stocks include such well-known names as Apple, Facebook, Coca-Cola and IBM. Thus, uBinary is seen to rival many of the more well-established trading platforms in relation to the number of options that the customer can enjoy.

The Types of Trades Offered by uBinary

This uBinary Review has identified four main types of binary trades that a client can choose from. These categories will include:

• High/low options.
• Sixty-second trades.
• Two-minute trades.
• Five-minute trades.

There are several expiry time periods for such trades. Obviously, the sixty-second options as well as the two- and five-minute varieties will expire in their relative time frames. However, there is another useful feature that is known as an options builder. This will allow a binary trade to be tailored to meet the needs of the individual. In this case, an expiry period of up to twelve hours can be selected along with a choice of assets as well as the profit margin that one will expect to enjoy (the maximum profit is generally eighty-five per cent). Finally, there are also long-term options that will expire in a maximum of one month from the date of commitment. Note that this is considerably less of an options window than several other sites will offer.

Types of Accounts

This platform offers three types of trading accounts. Their Standard account is perfect for those with little trading experience. The minimum deposit amount in this case is one hundred dollars (reduced from the previous minimum of two hundred and fifty dollars). Traders who have more experience can opt for a Gold account while professionals are able to select a VIP account. The main benefit of a VIP account is that a market analyst will also provide timely binary options advice. The highest average payouts on any of these accounts will be eighty-five percent (one of the highest currently available in the industry). Additionally, uBinary offers an out-of-the-cash refund system.

Demo Account

Unfortunately, there is no demo account currently offered by uBinary. However, there are numerous tutorials and videos that can be viewed on the site itself.

Payouts and Bonuses

As mentioned previously, the average payout percentage is eighty-five per cent (although as much as ninety per cent is possible). For VIP accounts, the current maximum deposit is ten thousand dollars (significantly less than some other binary options trading platforms). Numerous options can be purchased simultaneously providing that the trader does not exceed their respective expiry periods. One of the most advantageous features that uBinary boasts is a customisable payout system that is known as their options builder.

The bonus structure is based upon the type of account opened. A Standard and a Gold account will include a thirty per cent bonus when they are first activated. However, a VIP account will increase this bonus up to forty per cent (for a maximum of five thousand dollars). This will be complimented by the aforementioned account manager, free trading signals and one-on-one chat sessions with an adviser.

Banking and Withdrawals

uBinary considers the security of their customers very important. Therefore, there are several reliable payment methods to choose from. These include bank wires, uCash and various credit cards including Visa, America Express, MasterCard and Diners Club International.

Withdrawals can occur at an time and the minimum amount that can be taken out is one hundred dollars. Any such movements will take between three and seven days to clear into one’s bank account. It is worth nothing that uBinary does not charge any associated withdrawal fees.

Trading Platform

One of the most unique features offered by uBinary is their proprietary trading system that is said to be one of the most streamlined in the entire binary options industry. The dashboard is divided into three separate sections to facilitate all trades. These are:

The monitoring section.
The menu.
The live trading section.

Additionally, uBinary has a mobile trading app designed for both the iPhone and the Android operating system. When viewed remotely or through a static computer, the dashboard will make one’s position extremely clear by displaying metrics such as the free balance, any open positions, the theoretical payouts if all options were closed and the total balance available. Additionally, a convenient menu located at the bottom of the screen will enable the user to easily navigate to different sections of the website such as commodities, indices, stocks and currencies. These features are all complimented by a liver ticker and current news stories that may potentially impact a position. With the bespoke use of colours such as grey, green and orange, the entire portal has a somewhat futuristic feel.

Opening an Account and Customer Support

It is quite easy to open a trading account with uBinary. There are several pieces of information that will be required for security purposes. A new client will need to send:

• An official photo ID (such as a licence).
• A scanned copy of any recent utility bill (to prove one’s current address).
• A photo of the front and the back of the credit card used to open the account (if this was the form of payment).

Customer service is available twenty-four hours a day and six days a week. It is said to be highly reliable; most users will experience less than a minute of wait time when contacting. Furthermore, there is a live chat feature that is available through uBinary (not present on several other platforms).

Therefore, uBinary is clearly seen as one of the leaders in the binary options trading arena. Despite its relatively new status, its streamlined dashboard and low-cost initial deposit allow it to be an attractive choice for both new and seasoned traders. While this user-friendly nature is indeed admirable, the only downside is that one-touch trading options are currently not available. Finally, those with slow computers or smartphones may have a bit of difficulty interacting with the site (flash presentations and tickers can cause lag time). Nonetheless, uBinary will likely prove to be one of the most efficient and useful binary options portals on the Internet.

SIGNUP IN UBINARY

UBinary Summary: 8.3/10