UBINARY Review
When a broker in any market waits two years to prove itself, and then executes a substantial overhaul to make targeted enhancements to a service that was previously exceptional, the market typically takes notice of this development. This has proven to be the case with the company uBinary.com, which was established in 2011 by a group of seasoned experts who collectively have more than 50 years of experience in the areas of trading and capital markets. Their revamped strategy is gaining them supporters from all corners of the world as well as overwhelmingly positive feedback. Customers who hail from the United States are also encouraged to make an appointment. uBinary is a trading platform that is owned and operated by PPT Capital Ltd. and has its headquarters in the Isle of Man.
The industry as a whole approves of the refreshed look that uBinary has given its corporate identity. Because the website shines with a functional and colorful layout that makes one feel at ease from the very beginning, your first impression is certain to be a very positive one. The company’s redesigned trading platform, which is a modification of the Paragonex system, is, nevertheless, the component that provides the most welcome change. The typical information is presented in a clear and understandable manner, and in addition, candlesticks, which are quite uncommon in this sector, are featured. You can navigate to open positions and other features using a quick, one-touch method that is facilitated by the Dashboard and Menu panels. In addition, customer service has been expanded in order to make the software easier to use and more user-friendly. It is really unusual that there have been no complaints lodged against this broker on the internet; this indicates that whatever it is must be effective.
Payouts can go as high as 90%, and the rebate floor is set at 10% and above for out-of-the-money transactions, despite the fact that these impressive adjustments might lead one to anticipate that the cost would be reflected in the pricing of more than 65 binary options. The above-and-below alternatives that are standard are always available, and they are supplemented by 60-second and 2-5 minute variants. The capabilities associated with Option Builder are currently in the process of being developed, although the “Buy Me Out” capability is already available. The success that uBinary receives is based on the success that its clients accomplish, as mentioned in the company’s mission statement. We intend to accomplish this objective by providing a product of world-class quality, an unparalleled level of customer trading support, and an environment that is simple and straightforward to use.
Accounts
Within uBinary, there is a total of five distinct accounts. A minimum deposit of $250 is required to open a Micro account, and new customers receive a bonus worth 20% of their initial deposit just for signing up. The Mini account, which is the most common type of account, has a minimum deposit requirement of $500. A discount of 25% is available with this account. In order to open the Standard account, which grants traders a bonus of 30 percent, there must first be a deposit of at least one thousand dollars. A Gold account can be opened with $5000, and a Platinum account can be opened with $10,000. These types of accounts are eligible to get bonuses of 40% and 50%, respectively.
Each of the five accounts comes with a variety of perks, including client protection insurance, free training, a trial period of free signals, and payments ranging from 70% to 95%. There are supplementary advantages available for every account.
The lowest amount that can be traded from any account is $20, while the highest possible amount is $50,000. uBinary does not charge any fees for initiating trades, taking profits, making deposits, or taking withdrawals.
During the course of my research for this uBinary review, I was taken aback to discover that a demo account is not made available to all traders but rather to a limited number of participants. Regarding this account, there was no additional information that was posted.
When a transaction has run its course and been closed, the results of the trade can be viewed by traders in their “Closed Positions,” which are located at the bottom of the page.
Traders can also check the history of their trades by clicking on the “Account Statement” tab of their trading platform.
FEATURES AT UBINARY
On their website, Ubinary.com highlights the following distinguishing characteristics as among their offerings:
• You can trade more than 65 different currency pairs, stocks, indices, and commodities.
• There are no margins, commissions, or any hidden fees
• The allowed time periods for option expirations are sixty seconds, two minutes, five minutes, and twenty-four hours
• The maximum payout is 90%, with rebates of up to 10% and often even more for incorrect trades.
• Bonuses for signing up for promotions ranging from 30 to 50 percent.
• There is no cost to register, and the minimum deposit is $200.
• U.S. customers are welcome
• There are three types of accounts dependent on the amount of experience you have:
- Standard – For beginners
- Gold: This market is reserved for more seasoned investors
- VIP Account: This account is reserved for experienced traders.
• A brand-new, user-friendly trading platform that eliminates the need for software downloads.
• Representatives of our customer support team are available to assist you in English, Arabic, and Turkish 24 hours a day.
• Access to an outstanding economic calendar in addition to market news, analysis, charting software, and streaming data
• A variety of accepted payment methods, making it simple to conduct deposits and withdrawals
• The newest encryption technology, stringent password protection measures, anti-hacker software, and system redundancy backups assure the highest levels of security and privacy.
Unique Features
The candlestick charts are, without a doubt, one of the most eye-catching aspects of the trading platform offered by uBinary. Candlestick charts, as opposed to the more common line charts, are available as an option for traders to use when viewing the data on their charts. To the best of our knowledge, no other binary trading platform has ever included a function like this within its user interface. Other cool features, in addition to the advanced charting, include the following:
– Flip
– Buy me out of here!
– Long rang position
– Mobile application
– Trading on social networks
PLATFORMS
The brand-new and significantly enhanced Paragonex trading platform is the primary selling point of uBinary’s recently completed refurbishment. The fundamentals are broken down into an aesthetically beautiful format that combines four different ideas, each of which is represented and explained in a practical Platform Guide:
• The Dashboard displays a variety of account information, ranging from current balances to past winnings.
• The Menu Bar enables users to select their preferred assets and organize them into categories.
• Make a Trade displays election trends as well as position bars
• Open/Closed Positions – This feature allows users to view the current state of all open trades, as well as the potential payoff and a “Buy Me Out” election button, which helps limit the harm that can be caused by making a poor trading decision. All data pertaining to the closed position can be accessed with only one click.
All trading sessions and the storing of personal information are safeguarded thanks to the most recent developments in SSL 128-bit encryption technology.
Marketplace for Traders
uBinary prefers to take the path less traveled by selecting for their own platform, in contrast to the majority of binary brokers, who would rather go from well-established white label platforms such as those provided by SpotOption or Tradesmarter. This helps to explain why the uBinary platform appears and feels so much more sophisticated compared to other binary platforms that are available in the market today.
Because of all of uBinary’s employees’ combined years of expertise working in the foreign exchange market, the company’s trading platform is so intuitive that users don’t even need to go through the trouble of getting trained to use it. Traders will have very little space for error because all of the information will be presented in a simple manner.
The following are some of the fascinating trading tools that are available on the uBinary platform:
Flip: If a trader is unhappy with the way his transaction is going, he can shift the direction of the trade and change his luck by using the “flip” button.
Buy Me Time: If a trader is concerned that he or she will not be ready for their trade to conclude, they have the option to use the Buy Me Time tool, which will allow them to add more time to their trade.
In addition, its Advanced Charting tool offers more trading indicators as well as longer timeframes for traders with more experience.
Above/Below, 60 Seconds, Speed Trading, Option Builder, and Long Term are some of the accessible options while trading with uBinary. Other available options include Long Term.
Education
The trading Academy provided by uBinary provides a variety of educational resources for traders of all experience levels.
After a trader has completed the process of activating his or her account, a representative will get in touch with him or her as soon as possible in order to set up an appointment with a personal analyst who will assist in the development of a personalized trading strategy.
The Binary Options Glossary offers helpful information on all elements of trading binary options, and the How to Transaction part provides an in-depth explanation of how to open an account, choose an asset, and place a trade. These explanations are accompanied by visually appealing graphs.
The landing page provides access to articles covering a variety of financial issues, along with the dates on which the articles were initially published. Clients have the opportunity to gain knowledge about various binary options trading techniques, as well as how to make their trades more profitable, in the blog section of the ubinary website.
Bonuses
The uBinary 100% deposit match bonus is real money that is credited to a trading account in order to give traders with more leverage and liquidity. Traders can take advantage of this bonus by making a deposit. Its purpose is to give customers the chance to trade with a greater quantity of capital while enabling them to continue to adhere to their established method of money management.
In addition, uBinary provides new customers with a welcome bonus equal to thirty percent of their initial deposit. This bonus is deposited into the new customer’s account once the customer has opened an account and made a request to receive it.
DEPOSITS AND WITHDRAWALS
The company accepts deposits and withdrawals from a diverse range of payment methods, such as all of the major credit cards, wire transfers from banks, drafts from Western Union, debit cards, and CashU. In order to comply with international anti-laundering and bank secrecy legislation, all withdrawal requests must be made using either a credit card or a bank wire transfer. Other payment methods are not accepted. It is also important to have on file all of the personal identification papers that the law demands, as this will both speed up the withdrawal process and prevent delays. These requirements must be complied with by every single broker.
The minimum deposit requirement is $250.
As a consequence of anti-terrorism and anti-money laundering measures, the process of opening a new account requires copies of a variety of identity documents.
Only Available While Supplies Last: 85% Bonus, Up to $2,000
SUPPORT FOR CUSTOMERS
Live chat, email, or direct phone contact with a customer service or technical support representative is accessible “24/6,” seven days a week, to assist any trader who is experiencing difficulties or who need specialized instruction. The “Learn” option on the website guides the trader to a wealth of informative content, such as an Economic Calendar that details upcoming events across the world, as well as learning films and other materials that provide explanations. Each one was built to contribute to the overall support efforts and to ensure that every single experience of trading is a pleasant one.
Reliability
Regarding the dependability of uBinary, there are a surprisingly small number of customer complaints in this area. The system functions really well, and their support for customers is unparalleled in the industry. When it comes to depositing and withdrawing funds, traders have access to a variety of options, including credit and debit cards, electronic wallets, and wire transfers from banks.
Pros
• Average Returns Of 85%
• A Number of Distinct Categories of Trading Accounts
• Exceptional Support for Customers
• A Low Required Withdrawal Minimum Amount
• Trading Platform That Is Both Powerful And Effective
• Free Economic Calendar
Cons
• There Are Only Two Kinds Of Trading Contracts Available
• The absence of longer expiration times for the options they provide
CONCLUSION OF THE UBINARY SYSTEM
UBinary.com is one of those unique companies that has diligently learned from its experiences in the market, made targeted improvements, and then astonished the market with an even better product. Both the most recent modifications to its trading platform and the huge payouts it offers are guaranteed to win the company instant popularity in the sector. The company has stated that one of its aims is “to enable every trader to flourish,” and judging on their most recent updates, it appears that they are well on their way to accomplishing that goal as well as a number of other goals.