Review of uBinary options broker
uBinary is a broker that deals with binary options. It is headquartered in London. Among its offers are commodities, currencies, indices, and stocks. The broker is a subsidiary of an investment company PPT Capital, based in Isle of Man.
uBinary pays a lot of attention and shows effort to secure privacy protection and security to get as close to its clients, who are residents of all places of the world besides USA.
Clients can join uBinary via one of five types of accounts. It all starts with a micro account, for which it requires to deposit a minimum of $250. You notice that there are way cheaper minimum accounts out there, but we will see later that this fulfils expectations. For mini account, the minimum deposit is $500, and let’s say here that most of uBinary’s clients actually trade using this particular account. Along with it, at a deposit point, clients get 25% bonus. Next level, third account requires clients to deposit a aminimum of $1000, which brings another 30%. Gold account will take $5000, but place 40% bonus to that. The platinum account requires $10.000, and it rewards client with a 50% of bonus.
Any account you decide to take gives you free educational stuff and some more bonuses in that you get as free signals. Also, there is a possibility to ensure your invests, and the payout ranges between 70% and 95%.
When trading, each trade requires you to place at least $20, and you can’t place more than $50.000.
uBinary won’t take any fees for your deposit, withdrawing or trading.
Ubinary video :
Navigation is pretty much easy on uBinary, and there are nice charts, as well as a feature that shows five newest trades, with what instruments were the trades made and what assets were traded.
There is also an economic calendar which shows even seconds until the upcoming event.
The trading opens two hours before Monday GMT, and it lasts until griday 8 pm GMT. Arabic stocks can be traded on Sunday from 11 am to 3:30 PM GMT.
As we mentioned before that uBinary pays attention to security and protection, there is in addition trust. Clients can see senior analysts on uBinary and read their biographies. Thus, you can know who is who and what they do. As soon as you open your account, you will be assigned a representative that will introduce you with your own analyst who will help you develop strategy.
uBinary’s has a special focus turned to clients in terms of providing them educational material as wll. Under the section called “Academy” there are to be found several sorts of educational stuff for traders of all levels of experience.
A soon as a trader opens account, it will be approached by a staff member who will introduce to trader a professional personal analyst with whom traders can kick off a good strategy with uBinary.
UBinary offers up to 95% of payout, and have in mind that this is among highest in the business.
However, yield options are out. The minimum deposit is at least 250 units of American Dollar, British Pound or Euro, depending on what you trade with. Whatever currency you deposit, the account only opens in USD, and your money is recalculated to it when you deposit. You can deposit with one of five levels of accounts, and each one gets you a certain appropriate bonus and a certain list of features.
The first is the smallest account – Micro – which requires the minimum deposit, but also there is a max of $500. This one will provide you with a 20% bonus and a fortnight of signals, and the minimum stake is $20.
The next level is mini account which requires a minimum of $500 and max amount of $1000 to deposit. This account offers a bonus of 25% of your deposit. It also gives a month of signals, a tour with an expert, flipping options from low to a high and the other way, and a feature that enables closing a trade that is open and get back a bit of what you invest.
Standard Account comes with $1000 of a minimum deposit and a maximum limit of $5000. This account comes with a 30% of bonus. The minimum investment is $40 and the signalling is unlimited. It covers all the things the mini account offers, and you won’t have any no payouts and penalties of 5% that the first two accounts have.
Gold Account comes with $5,000 a minimum for deposit, and a maximum of $10,000. It covers all the features all the previous accounts offer, but the minimum stake s here $150. Also, the bonus is way better, 40% and the traders now have a 5% bonus on payout as well.
Platinum Account represents top level account which requires at least $10,000 to deposit. With this account, minimum stake is $250, but the bonus is 50% and an extra 10% on payouts. However, note that bonuses can be used after a turnover gets 20 or 30 times greater than the bonus.
A glossary for binary options terminology is very helpful for beginners, as well as those who want to remind themselves of certain terms. It also provides inputs on trading, how to do it, how to go through the process of registration, setting up trades, shows what graphs mean and so on.
You will find financial related articles, which are accessible from the main page. There is also a blog section where traders can learn things about trading strategies on binary options, making trades profitable, as well as other topics of interest.
uBinary doubles your deposit, and that is pretty much good bonus for starters. You can start trading and, so to say, have “another chance” if at first you don’t succeed. By “first” we mean the money you decided to invest, and the chance is given in terms of bonus – real money.
In addition, there is another 30% for first time depositing that goes straight to your account just as a welcome.
How can you deposit and withdraw money?
Depositing and withdrawing is easy. At uBinary, you can use credit or cards, you can transfer money via wiretransfer, CashU or Nettelr. To withdraw, you need to submit some documents to confirm it is you, and fill an online form. You can use same methods to withdraw as you did to deposit. You have to apply at least $50 to withdraw.
It might take as much as about ten days, but it all happens in a week time usually.
Besides English and Arabic, you can use this broker in Russian. The support team can be reached usual ways, if you don’t find your answers on FAQ, you can send email, call or chat with somebody from the company.