uBinary is a binary options broker that has been operating since 2011. During this period, they have managed to grow, attracting traders from all over the world. This broker works with traders from numerous countries with the exception of the United States.
One of the allures of this broker is that they cater to novices and experts of binary options trading with their various account options. They are also a secure broker that ensures that all of their traders are well protected. The broker has also gained a reputation for being quite successful. Here is an evaluation of all of the services offered by uBinary to traders:
It is quite easy to open an account with uBinary. All you have to do is to fill in the required information in the online form. This will then be sent to be verified. Once this has taken place, you will be contacted by an account manager at uBinary. At this stage, the various options will be described to you. You will be able to decide which package suits you and your trading needs best.
Whether you are new to binary options trading or if you have been engaged in it for some time, uBinary has an account for you. There are five different options to choose from. Each of these accounts require a different deposit minimum as well as investment minimum.
- The Micro account is the smallest account. Here, traders will only be expected to place trades worth at least $20 dollars. Signing of this account will make you eligible for a 20 percent bonus. You will also be given free signals for two weeks. Furthermore, you can expect about a 70 percent payout rate. You will also be provided with trader insurance.
- With the Mini account, you will once again only have to invest a minimum of $20. Here, however you will be entitled to a 25 percent bonus in addition to all of the other perks offered in the Micro account. You will be given a month of free trading signals, an advanced guide, and up to 75 percent payout. You will also have the option of Flip and Buy Me Out.
- With the Standard account, the stake is higher at $50. However, you will be given a 30 percent bonus. In addition to all of the features available with the Mini account, you will have a personal broker as well as an 80 percent payout.
- The next package is the Gold account and that requires a stake of $150 at least. This comes along with a 40 percent bonus as well as all of the other perks of the Standard account. You will also have a 90 percent payout rate. The Platinum package is the highest one with a minimum stake of $250. In return for this, however, you can receive a bonus of up to $5000. The payout will also be upped to 95 percent.
There is also a demo account available with uBinary. Here, you will be able to get the hang of both binary options trading as well as the uBinary trading platform. There will be virtual funds provided in the place of real money. However, the demo version is not available to all clients. Only certain account holders will have the privilege of accessing the demo version.
Licensing and Security
At this point in time, uBinary is not a regulated binary options broker. Nonetheless, this is quite a common occurrence in the market. Certification alone is not enough to decide whether or not a broker is legitimate. uBinary has been operating for several years now without incident. Furthermore, all of the traders have reported being pleased with the overall conduct of the broker. They have been able to view and withdraw their funds without any hassle at all.
They do have a number of security features in place. This involves using two layers of top class firewall protection: one at the server level and one at the application level. The broker also uses advanced SSL by Verisign for authentication purposes. uBinary also uses separate encrypted servers that ensure that all of the information is isolated and secure.
uBinary utilizes a software that is not often seen – ParagonEX. One of the perks of this trading platform is that it is very organized and minimalistic. Within moments of being on the platform, it is easy to get your bearings and understand just how to make a trade.
At this point, you will have access to more than 70 asset options with this trading software. This includes indices, currencies, stocks, and commodities. You can choose from High/Low, Short Term, and Long Term. There are intervals that can last anywhere from 60 seconds to a whole day. The option builder helps you to further tailor the platform to your liking.
Deposits and Withdrawals
There are a few different ways that you can deposit or withdraw funds. You will get to choose between credit cards, Neteller, bank wire transfer, and Skrill. uBinary will not charge for either the deposits or the withdrawals but you may have to pay fees rendered by third parties. Furthermore, you have to withdraw at least $50 from your account, every time you withdraw money.
uBinary may not be as well known as some of the other brokers in the binary options market. Nevertheless, this will soon begin to change. This broker offers many good account options, asset choices, and has incredible security as well. It is quite easy to work with this broker and just as easy to make a profit. uBinary is certainly looking at a bright future.