uBinary is a binary options broker that opened its (proverbial) doors for trading in 2011. Now, nearly FIVER years later, it stands as one of the most excellent and leading brokers in the industry, with a following of thousands of traders who would never dream of going anywhere else to trade stocks, commodities, currencies, or indices.
In this review, we will go over what we found out about uBinary and why people love them so much. We will cover the platform, the options, what it takes to get started, the bonuses they offer for traders, and the educational resources they have – and then you can make your own decision about whether to give uBinary a try and open up a trading account with them.
uBinary Review | Trading Platform
The first thing we observed about uBinary is how clean and sparkling their platform is, no clutter and no confusion. It is very straightforward and easy to navigate – to manage your account from A to Z, to find the trading instruments you want, and open trade positions. At least to us, the crisp platform allowed for a much more enjoyable user experience.
uBinary is powered by ParagonEX, one of the newest platforms around, state-of-the-art, and specially designed to give traders an easier and more streamlined trading experience. And streamlined is exactly the kind of experience you will get – right from the beginning. Signing up for a trading account is simple and within minutes you will have your account all set up and ready for action (although you will need to wait a bit for them to verify your account for regulation and compliance reasons).
The next step is funding your account. A minimum deposit at uBinary is $250 (and a minimum trade is $20). These amounts are slightly more than some other brokers. However, the difference is slight and not enough to really affect the rating for the purposes of this review. After all, in choosing a broker – quality comes way before the minute difference between a $5 and a $10 trade. Besides, hopefully, you will feel comfortable enough – and confident enough in your trading abilities – to trade larger amounts sooner rather than later.
Deposits, as well as withdrawals are easily made and processed and you will have many methods to choose from. You can deposit using Credit Cards, Wire Transfer, Neteller, CashU, or wire transfer. Withdrawals are processed very quickly once your request is received. And for all transactions, there are absolutely no fees for you to worry about (unless your bank or credit card charges you – but that would be their fault; not uBinary’s).
uBinary Review | Types Of Options
uBinary offers a variety of trading options to choose from, ranging from simple ones that beginners will probably find preferable, at least to start with, and more advanced ones for more knowledgeable and risk-taking traders.
The main option is Classic Option, where you just pick an asset and the direction you think the price will move in (up or down), as well as an amount to trade. Average payouts for trades of this type are up to 95% (for winning trades, obviously).
Other types of trades can get much higher payouts – even up to 500%. Other trading options include Speed Trading, which is an option specially designed for risk-taking traders to open positions with extremely short expiry times, such as those lasting 1, 1.5, or 2 minutes (this option is high risk-high reward); and Option Builder, a feature where you can incorporate charts and studies in preparation to trading.
There are also tools you can use once you get the hang of them for risk-management purposes or to increase a trade that is performing well. These tools include Buy Me Out, Rollover, and Double Up.
uBinary Review | Account Types
Binary options trading with uBinary offers a wide world of opportunities to traders interested in investing in the binary options market. With a variety of account types available to binary options traders, uBinary offers something to suit every trader’s needs, whether you’re a complete beginner or a seasoned trader.
> $20 Minimum Investment per trade
> 20% Bonus on initial Deposit
> Up To 70% Payout
> $20 Minimum Investment per trade
> 25% Bonus on initial Deposit
> Up To 75% Payout
> $40 Minimum Investment per trade
> 30% Bonus on initial Deposit
> Up To 80% Payout
> $150 Minimum Investment per trade
> 40% Bonus on initial Deposit
> Up To 90% Payout
In addition to all the features, all accounts also include FREE Signals , alerts on breaking trades, weekly technical analysis sessions and a personal account manager.
uBinary Review | Bonuses
uBinary has one of the most well-thought-out bonus structures we have come across from brokers and it should work very well for you too. Depending on the size of your deposit, you could be eligible for a bonus of up to $5,000. You could also receive 1-on-1 training, exclusive trading signals, and SMS notifications regarding trading opportunities.
uBinary Review | Academy
The broker has a top-of-the-line educational library with eBooks, videos, and webinars to help beginners learn about the markets and teach them trading strategies. Once you create an account, you also get an account manager who can help you, and as mentioned before, depending on your account type, you can also get one-on-one personal training.
With all these educational resources at your disposal, you will find that you can become a trader in no time. Moreover, we think that it is worth creating an account just to access the training materials. It does not cost anything, they are free, and it cannot hurt to learn about the markets and how the global economy works, even if eventually you decide you don’t want to trade just yet.
uBinary Review | Customer Service
The uBinary website comes in 2 different languages English and Arabic. Additionally, service is available 24 hours a day, 5 days a week, via mail, live chat, and phone. And the service is all-around excellent, making you feel truly desired as a customer.
uBinary Review | Conclusion
This comprehensive review has gone over everything we found in our test study of uBinary, and we have to say, we were very pleased with the performance of the platform and the results of the test. We highly recommend uBinary as a binary options broker and really think you should give it a try as your broker of choice. It is free to sign up and see for yourself, so give it a try now!
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