Review of uBinary
This is a London-based binary options broker which works under ppt capital. It was founded in 2011 as a branch for binary trading at PTT capital. The founders are experienced in trading, especially in managing risk, currency market as well as trading derivatives.
Traders can speculate about the fluctuations of the price with this broker. That is for many assets, which allows it to aim for high profits that go up to 85% for one position. Additionally, those who subscribe get analysis from experts assigned by uBinary. Those analyses give you the simplified overview on the newest developments in the market, break down what happens daily. This company’s professional support team, composed of professionals, explains the charts as well so to help its clients have a better insight about the trends of the prices and about what is going on overall.
This option is based on web, so you don’t have to download anything to use it. It is also good because you can use it wherever you go – besides using the uBinary’s platforms on your mobile devices.
As uBinary wanted to make sure its offer was simple and user-friendly, the company based its tools to provide clients simple environment. The most popular binary options are “Above/below”, and some more complex, like rollover or doubling-up.
Expiry times in these options are set to be simple as well, so there are options to invest in the above/below on minute, two minutes or five minutes. Doorstep to invest is crossed at $20. The ratios of pay-outs are up to 85% for each trade, and the maximum ratio of the refund is 10%. Demo account is available to try how it works, but you have to deposit $100 to unlock this option.
uBinary offers interesting and tempting bonuses, so depending on the account you want to open, you can get from 30% to 50% of your deposit on your account. Depositing for a minimum account is $100-$500, from next level is $500-$1000 and so on where for Gold Account you are required to deposit $10K.
When you enter, you will have 75 assets to trade with, and those include commodities, stocks, indices and currency pairs.
There are not as many assets as there might be with some other brokers, but all the most traded and most popular ones are here. You probably won’t miss anything.
UBinary is a good enough trading platform for expert traders. Important information is found easily, which in turn allows you pay attention on your job without losing much time. Something that the company likes to be pointed out is that there are no flashing decorations or signal lamps blinking all the time to distract you. It is a professional and a calm interface that will allow you to concentrate and to leave more of your efforts to put on trading, rather than thinking about all the signals.
It is a web-based tool and you can use it anywhere, anytime, besides your mobile apps for trading.
There are four types of binary trading, and those include above/below, a minute trading, two minutes trading and five minutes trading. You have on your disposal a solid number of assets for trading, that include the most popular and most traded currency pairs, most popular and most traded stocks, indices, commodities as well. Let’s mention it once again, there no hundreds of assets, but more than enough.
For depositing and withdrawing uBinary won’t surprise you. E-Wallet, bank wire and credit cards are the ways to deposit your investment. It doesn’t take time to deposit with cards, and it takes some time to complete the depositing process via bank wire. Those are standard procedures, after all.
To withdraw money, you can do it using bank wire, or using credit card. The request to withdraw is simple, and it takes up to three days to wrap up the transaction, but it takes some more time to get you money on your account if you are using bank wire. That is up to banks, and not uBinary. Using Credit Cards is faster to withdraw, as well as they are to deposit.
Customer service is reachable by email, live chat, or regular earth mail. UBinary support team tries to be at your disposal non-stop, but sometimes that is not possible. However, sending email will be the safest way to get in touch with the support team, if live chat or phone don’t turn out to be available.