uBinary Review

Details

Broker	uBinary
Website URL	www.ubinary.com
Founded	2011
Headquarters	London, UK
Support Number	+4420 3695 9422
Support Types	phone, fax, live chat, email: [email protected]
Languages	English, Russian, Arabic
Trading Platform	ParagonEX
Minimum 1st Deposit	$250
Minimum Account Size	$250
Minimum Trade Amount	$20
Maximum Trade Amount	$1500
Bonus	up to $5,000 bonus
Payout	95%
Free Demo Account	Open Demo
Regulated
Commissions
Commission Info	no fees or commissions
Account Types	Micro account, Mini account, Standard account, Gold account, Platinum account
Deposit Methods	credit cards, wire transfer, Neteller, CashU
Withdrawal Methods	credit cards, wire transfer, Neteller, CashU
Trading Methods	buy me out, buy me time, the flip
Number of Assets	74
Expiry Times	30 seconds, 60 seconds, 120 secons, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 1 day, 1 week, 1 month, 1 year
Types of Assets	currencies, indices, commodities and stocks
Option Types	above/below options, 60 seconds options, speed trading option builder, ,long term options
Trading Currency	32 different forex pairs including minor pairs and exotics like USD/ZAR and USD/RUB
Account Currency	USD, GBP, AUD, EUR
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	1

Full Review

It is no longer advisable to open an account or possible to do so at uBinary as they are out of business. They used scrupulous sales tactics and sales funnels. From now on it’s on the blacklisted brokers or scam brokers list on Choosebroker.com. Take a look at our top rated binary option broker IQ Option instead.

If you got scammed by them, please follow the process and file a complaint here.

January 21, 2014：The French AMF has issued a warning about unauthorized forex brokers. uBinary.com is on that list. CLICK HERE to verify.

uBinary is founded in 2011 by PTT Capital Group and they are operating under Belize laws from 2 Queen Caroline Street, Hammersmith, London, W6 9DX. Although they are an offshore broker they are still very reliable. uBinary always pays out and has no scam history whatsoever. Every binary option trader at uBinary gets a personal account manager appointed who will assist traders in their binary options trading. Together with your personal account manager you will evaluate your trades, learn new trading strategies and money management.

uBinary binary options trading platform

The uBinary trading platform is different than most binary option trading platforms. They do not use SpotOption or TradoLogic, instead they use ParagonEX which is a unique binary options trading platform with many features and visually appealing. The uBinary binary options trading platform is available in three different versions; as web trader, as Android app and as Apple iOS app. No download is required for the PC or web trader version, both the apps are free and downloadable in their respective app stores. Traders can buy or sell more than 75 different assets including stocks, currency pairs, commodities and indices. On uBinary both long term options and short term options are available. Long term options have a maximum expiry rate of six months and short term options as short as 60 seconds. With the special Option Builder feature binary option traders can fully customize their binary options and payout ratios.

uBinary payout percentages

However uBinary does not offer One Touch options or Ladder options the payouts on classic high/low binary options can go as high as 95% which is very high compared to other binary option brokers.

uBinary trading account types

There are 5 different types of trading accounts on uBinary, from Micro account to Platinum account. Each account type comes with certain features, bonuses and requirements. Bonus terms apply. Investment turnover has to be 20 to 30 times the amount of bonus money received.

uBinary binary option trading features

On uBinary there are several trading features or risk-management features available. The ‘Buy me time’ feature extends expiry time on a current option. The ‘Buy me out’ feature sells a current option against a small percentage loss which is great when you think an option is not going to be a successful trade. A special feature which is not available on other binary option trading platforms is ‘the flip’ feature which a trader can use to ‘flip’ his current option from buy (call) to sell (put) and vice versa.

Every account type at uBinary has a certain deposit minimum and maximum. Deposits can be made with credit cards like American Express, Visa, MasterCard and Diners Club International, wire transfer, Neteller and CashU. Withdrawals can be made from as low as $50 and are completely free which is unique because most other binary option brokers charge around $30 per withdrawal.

uBinary customer support

The uBinary customer support team is 24/6 available by phone, email and live chat. The dedicated personal account managers traders get appointed are very attentive to their traders and available during trading hours. Sometimes your personal account manager is not available, therefore ask his/her working hours.

uBinary review conclusion

The payouts on uBinary are extremely high, 95% is way higher than industry standard (85%) and the amount of tradeable assets is huge. Although there are no Ladder options, Boundary options, One Touch options there is the Option Builder which binary option traders can use to create their own options. What I see as a big of a con is that the first two entry-level trading accounts at uBinary have a -5% payout penalty. The personal account manager binary traders at uBinary receive and the many trading signals and other educational material traders receive do make the broker very suitable for people new to binary options trading. The flip trading feature is unique on uBinary and not seen on other binary option brokers. I rate uBinary a 8/10 which could have been higher if there were more different binary option types and if they didn’t have the -5% payout penalty on lower account types.

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