uBinary General Information
Headquarters: International House, 221 Bow Road, BOW, London E3 2SJ.
Available Assets: 56
Min. Deposit: $250
Min. Trade Size: $20
Max trade Size: $30,000
Traders from USA: Not Allowed
Additional Features: Economic calendar, Candlestick chart, FLIP, Buy Me Time, Buy Me Out, Weekly Live Webinars, Social Trading
Platform Provider: PargonEX
Languages: English, French, Arabic
uBinary Broker Review
uBinary was introduced in public last 2011. This broker is operated and run by the PPT Capital, which registered in Belize. As compared to other broker firms that solely works with a European licensed regulator, this firm is an exception because they’re really enterprising.
The website is featuring a comprehensive trading academy, offering courses for more experienced and starting traders. The most interesting feature on the website is perhaps the events counter that can be found of their website’s homepage. This feature automatically updates the visitors at one glance regarding the most important upcoming event in the economy on that day. In turn, the events which will impact many different asset pairs that can possibly be traded through the use of uBinary platform.
Their proprietary platform makes a very refreshing change if your previous broker uses a spot option platform. It’s very fast and intuitive, and provides lots of excellent features. Regarding the trade type, the uBinary platform is offering:
– Below/Above – the traditional/classic platform
-60 Seconds – a type of trade that has an expiration within 60 seconds
-The Speed Trading – type of trades that will experience after two or five minutes
-The Option Builder – this allows the user to manage the risk and give reward even if unsuccessful trade is done.
-Long Term – type of trades that last up to two months and beyond
Extra uBinary Features
The uBinary platform also incorporated useful smart risk management features that include:
-Buy Me Out – an insurance feature where you can close a trade as soon as possible if you see that the deal is not doing good.
-Buy Me Time – a feature that increases the time of your trade if you think the trade isn’t going the way you wanted it to be.
-The Flip – if the deal isn’t going in the way you wanted it to be, you can flip the trade’s direction and pay only a small fee.
In addition, uBinary also uses advanced charting features. These are excellent services for professional traders where they can see through longer time frames on charts and add indicators and studies to form an effective trading strategy.
uBinary Trading Accounts
uBinary Broken boast their selection of five different types of trading account for all kinds of traders. They entirely include free trading training and a personal account manager. They also include trader protection insurance and trading signals.
When we reviewed uBinary we were not able to get a proper reply from them for if they are under any regulatory body like CySEC in Cyprus or EU’s Mifid rules.
Why to open an account with uBinary
For those of you that are into advanced charts, uBinary is one of the only binary options brokers that do offer charts which can easily be used for basic technical analysis. You will be able to use basically common tools including trend lines, oscillators, moving averages, RSI, MACD and you can even modify the chart time frame. They still do not offer trading from the charts like the big forex brokers do offer, so there is still some work to be done.
Why NOT to open an account with uBinary
Well, the main issue seems to be many bad posts from individual traders regarding their withdrawal policy. Many users claiming that they were having tremendous difficulties to get there funds back which of course makes it hard for us to fully recommend on uBinary. You should still keep in mind that it still possible that these complains do not reflect the full uBinary withdrawal handling and legitimacy as it might be the case of only a few individual trades.
Overall, uBrinary broker deserves the great reputation that they have already earned. They provide exceptional customer service, personalized one-on-one trading learning and coaching, intuitive trading platform that will perfectly suit for new traders and even for professional and well experienced binary traders. The uBinary platform is offering a completely superb service and their high payouts make them a perfect choice for the aspiring and professional binary options brokers.
Wall Of Shame
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