uBinary review – financial news and signals

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uBinary Review

Introduction

Founded in 2020 and with headquarters in London, UK, uBinary is also part of the PTT Capital Group. Although the company headquarters are based in the UK, it is governed and incorporated by the laws of Belize. They are an unregulated broker currently but advise that they are waiting for CySEC regulation.

Whilst they are an unregulated, offshore broker the fact that they have been trading for 6 years make them a virtual veteran in the world of binary options and their personal service is something that they pride themselves on, offering customer support via phone which is a UK based number, email and live chat.

The company has built their own proprietary trading platform as opposed to many brokers who use the SpotOption platform, a platform which limits them to what they can offer traders. As with many brokers they have had to evolve their technology with the times and have a good mobile offering both in the form of an intuitive mobile website and an app for Android and iOS.

In this review, you will learn:

    All there is to know about uBinary features The bonus amounts available on the software Various account types, option types and payouts

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Five different trading accounts are on offer and each offers a unique bonus, plus client insurance and trader training, alongside other account specific perks and features.

Micro Account

The Micro Account requires you to make a deposit of between $250 and $499. This will reward you with a 20% bonus, a minimum $20 stake, plus 2 weeks of trading signals. Additionally, this account incurs a -5% penalty on the overall percentage payout.

Mini Account

This particular account requires a $500 to $999 deposit and offers a minimum $20 stake. Other perks include a 25% bonus, the chance to “Flip” an option (a high to a low or vice versa), an expert guided tour, a month’s worth of trading signals and a “Buy Me Out” feature. It incurs a -5% penalty on the overall percentage payout.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Standard Account

Recommended for new traders, it requires a $1000 to $4999 deposit which includes a 30% bonus, a minimum $40 stake plus an on-going signal service. It also includes an expert guided platform tour plus access to the dealing desk. Included are “Buy Me Out” and “Flip” features, with no payout penalties.

Gold Account

Requires a $5,000 – $9,999 deposit and includes all features of the Standard Account though with better numbers. For instance, if minimum stake climbs to $15, bonus amount climbs to 40% and account holders qualify for a 5% all payouts increase.

Platinum Account

The Platinum Account requires a minimum deposit of $10,000. Like the Gold account, it has all features of the Standard Account though with numbers which are higher than the Gold Account. Account holders enjoy a 10% increase on all payouts.

Trade Types And Payouts

The proprietary trading platform is a refreshing change since it’s quite intuitive, fast and also packs some excellent features in it. When it comes to trade types, you are offered:

High/Low Options

Also known as the Call/Put options these are the most popular types of options offered by brokers. You simply have to estimate whether the price will rise or fall by the chosen expiry time.

60 Second Options

60 Second or Short Term options allow the trader to trade bigger volumes in a short space of time. For traders who like to be able to react to the markets in real time the 60 Second option allows you to react to any changes in the market as they happen.

Long Term Options

Long Term options range from weeks to months with some brokers offering between one to five weeks and some brokers offering up to six months. uBinary offer the trader something called Option Builder which enables you to manage risk as well as reward even where your trade has proved unsuccessful.

As well as a range of account types, trade types and trading tools, uBinary provides you with one of the highest payout ratios in the industry with payouts of up to 95%. However, these payouts will depend on the trading account that you have signed up for.

Support is available via email, telephone and live chat 24 hours a day, 6 days a week.

Bonuses And Promotions

An attractive feature with uBinary is that you’re offered a bonus that equates to between 30% and 50% of the size of your initial deposit which entirely depends on your investment amount. In order to withdraw the bonuses it is required that you trade the bonus a certain amount of times.

The guidelines of how many times you need to trade the bonus depend on the size of the bonus. For a 30% bonus you need to trade it 20 times, for a 40% bonus it’s 30 times and for 50% bonus it is 40 times. However, you’re advised to verify bonus requirements before signing up. Remember that you cannot withdraw your bonus amount until you meet the trading volume requirements.

Mobile Trading

Simplicity is the key point with the mobile app as the major markets and assets are available in the same app. Both the Android and iOS apps are free to download and use and they provide you with a straightforward trading experience.

The mobile app shares many of the features which you will find on the mobile website which is fully optimized to the device you are using. Of course the app is an extension of the web platform and the usual benefits of the app are of course the notifications and not having to sign-in every time you visit.

Deposits And Withdrawals

uBinary provides you with three main depositing methods; e-Wallets, credit cards and bank wire transfer. The processing time will vary between the three types with credit card transactions being instantaneous while bank wires take a few days to process.

When it comes to withdrawals there are two methods which are Bank Wire and Credit Cards. All you need to do is submit a request via the uBinary website. You are however advised that it may take up to three business days for your transaction to be completed.

There is no fee for making a withdrawal and you can withdraw as little as $50 every time but you must have a balance of at least $10 for your trading account to remain active.

Special Features

A user friendly and cost effective trading platform with a zero direct commission structure designed for your busy needs is uBinary’s forte. It sports a feature which lets you flip a trade at the click of a button. This broker has also introduced new kinds of options that are packed with longer expiry times and one-touch options in addition to the Option Builder.

The Option Builder is a dashboard-style platform allows you to view all necessary information to manage your account easily so you can focus on making the most effective trades. The trading platform has incorporated smart risk management tools that include “The Flip”, “Buy Me Time” and “Buy Me Out”.

uBinary offers you advanced charting features too. This is an exceptional service that professional traders can use to view longer time frames on their charts or even add indicators and studies so as to create a trading strategy. The trading platform is available in three different forms; a web platform, plus the Android and Apple IOS apps.

Customer Support

Customer support is available via email, telephone and live chat 24 hours a day, 6 days a week although the sixth day is not as reliable outside of normal trading hours. With informative and friendly customer service for traders plus those looking for information concerning trading, the firm also provides multi-language support.

There is dedicated account management as well with swift staff, in fact you’re likely to receive a call when registering in order to assist you in selecting an account type. The entire customer support team at uBinary is quite attentive to traders, which is reassuring when you are considering investing your money with this broker.

Here are the contact details for uBinary:

    Email – [email protected] Phone – +44 203 608 1229 Address – uBinary Ltd, 43-45 Portman Square, London W1H 6HN, UK

Conclusion

The platform is very easy to master and it offers you enough popular assets so you can have numerous trading options which won’t overwhelm you with stock assets that you aren’t looking for. The intuitive trading platform, personalized one-on-one coaching and exceptional service will suit new traders as well as the more experienced traders.

The high payouts offered make uBinary a good choice for you and with the number of perks on offer like signals, access to the trading desk and the risk management instruments which are unique to uBinary, this broker is definitely worth checking out. Overall, uBinary have really earned the reputation they have got.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is uBinary legit, will they scam me?

The fact that they have been trading successfully since 2020 should reassure traders that, despite their lack of regulation, they are in fact very trustworthy.

Do they have a decent mobile or tablet app?

As well as having an app for both Android and iOS devices the mobile website that uBinary offer is also fully optimised. So you can trade on the move with both the app and the mobile website.

What bonus do they offer for new traders?

The bonus offered to new traders depends entirely on how much deposit you are making and ranges from 30% – 50%.

Can I start trading on a free demo account?

Whilst the uBinary platform does not offer you a demo account you do have access to visit the trading room without making a deposit to familiarise yourself with the platform before you commit to trading with them.

What’s the minimum deposit and trade amount?

The Mini Account is the entry level and commands a $250 deposit. The minimum trade amount depends on the account that you hold.

Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

uBinary.com Review

SCAM WARNING

This company is related to UFX.COM/UFXMarkets/UFXBank. UFX already has an FPA Scam Confirmation. CLICK HERE to read the details.

The FPA warns traders to avoid any UFX-related companies.

SCAM WARNING

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Consumer Reviews

Greetings to you from me
A highly fraudulent company that studies the psyche of the trader and stabs him in the money and then laughs at him in entering into losing deals
To become the balance of the person 0 that I will not allow them to return to Mali if there is a way to tell me that my family and I have suffered and the need has hit where the money that I lost because of this company was the money I took from the bank installments of my salary increased debt to me I regret very much and I want to help you to get A solution to restore my money from the company is what advice to me

May 8, 2020 – 1 Star Do not deserve the evaluation I consider it a criminal and fraudulent professional in taking money in a satanic way Beware well away from them they are fraudsters

Apr 19, 2020 – No Rating I have opened an account in the company ubinary fraudulent foresight and warn them strongly away from them I lost large sums more than $ 24,000 but with profits reached $ 34,000 because of fraud and will take over all my money I want to sue them in court, but who helps me who guides me will never forgive them and when entered On my account I found a very big disaster I lost all my money and did not keep me but only $ 3.
I want to solve my problem
I want to solve my problem What is the solution?

7 Binary Options

UPDATE (12.11.2020):

Ubinary has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
All brokers >>
Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

uBinary is an online broker that first came onto the scene in 2020 and has seen the number of traders that use them grow steadily ever since. We really liked what we saw from this binary options broker as things were revealed to us as we did this review on them. They did not plaster their website with annoying banners and they had a very visually pleasing trading platform to say the least. They are a broker that has won several different awards from different review organizations also.

Basic information:

Online since: 2020
Jurisdiction: UK
Software: ParagonEX
Max Returns: 90%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $20
Maximum Investment: $5000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. US

– It’s a site with a very user friendly platform
– No annoying banners or other popups on their web platform
– It’s an experienced broker
– Slick looking web platform
– They offer those that trade with them a convenient mobile app
– Up to 90% return on investment
– Slightly customizable trading platform
– Low minimum investment of $20
– No withdrawal fees in most cases

– USA traders are not allowed

7 Binary Options Rating:

uBinary Special features

uBinary is a binary options broker that prides itself on not being mainstream with its website design. We already told you they have a web platform that is free of banners and other clutter. They offer those that trade with them three distinct account levels too. As with most brokers and binary option robot they offer the user more features with the higher amount they deposit.

  • Standard Account Level

This level is assigned to those who deposit between $250 and $4999. You are entitled to a 30% sign up bonus, one on one trading sessions and you can also access their educational packages.

  • Gold Account Level

This level is assigned to those who deposit between $5000 and $9999. You are entitled to a 40% sign up bonus, one on one trading sessions, 2 months of free trading signals, daily market reviews and you can also access their educational packages.

  • Platinum Account Level

This level is assigned to those who deposit over $10,000. You are entitled to a 40% sign up bonus ($5000 max bonus), one on one trading sessions, 2 months of free trading signals, daily market reviews, access to managed trading, assignment to a personal account manager and you can also access their educational packages.

Once you open an account and make your deposit you will then be contacted by your account manager and they will help orientate you to the website. They have a lot of account managers from all over Europe so don’t be surprised if you detect a heavy accent when talking to them.

Screenshot

uBinary Trading Platform

uBinary has introduced a new trading platform software from a company called ‘paragonEX’. It is some of the newest and most innovative software on the market these days. It is what enabled uBinary to make a trading platform that is very unique and uncluttered. Once you log onto this brokers site you will be surprised for sure by the slick look of their trading platform. There are very few popups and even less chat requests asking if you need help.

Another nice thing about the web platform is that you can choose to have it displayed in one of two different layouts; a little customization is always a nice feature. You can choose either 4 windows that are conveniently laid out side by side or you can choose a configuration that just features the asset you are using at the time. You can even track your trading activity right on the bottom of the screen display.

Currently they offer over seventy assets which consist of a variety of currencies, stocks, indices and commodities. The option choices they offer are high/low, short term and long term. They have expiration times that are as short as 60 second and they can be as long as end of the day expirations. One of the things that most investors like about the trading platform is that it features an ‘option builder’ choice which again adds more customization to the trading platform.

Unfortunately they have no demo account available at this time and did not mention any being developed for use in the future. It can be a little scary for new traders and those getting used to a trading platform to have to risk their own money right from the get go when trading.

uBinary Customer Support

We thought this broker overall had good customer support but we were a little put off by the fact they only offered it six days a week. You can contact then by phone, email or live chat; you can even put in a request to get a call from your personal account manager if you have been assigned one.

The response time via live chat and phone was very good and our questions and concerns were handled adequately. There is a form you need to fill out and send to them in order to request the call from the personal manager, so if you need your question answered quickly it is probably best to use the live chat or phone feature. Customer service is handled using one of three different languages; these are English, French and Arabic.

uBinary Banking

Banking with uBinary is pretty simple and straightforward and we encountered no major problems here. The site has very secure banking services and is SSL encrypted to help protect your sensitive financial information.

Accounts were verified by the standard methods found throughout the industry; you have to send them scanned copies of a photo id, the credit card used to make a deposit and proof of address.

The initial depositing of funds into an account was fairly simple and they have a lot of different ways that the deposit can be made which is always nice. The deposit methods they accept are Visa, MasterCard, CashU, JCB, Diners Club, Maestro, Discover Card and of course bank wire transfer. Deposits showed up fairly quickly using most deposit methods.

Withdrawing from your account is also a pretty straightforward process and we had no complaints here either. The minimum withdrawal amount is $50 and there are no fees for most withdrawal types; that is very rare indeed for this industry. Withdrawals took 3 – 7 days to show up in your account which is fairly standard for the industry.

Our Final Thoughts

We had some mixed feelings about this broker but most of what we saw was very positive about them. One thing that must be noted is that offshore brokers do not tend to survive long unless they are a fair and reputable broker that does a good job at taking care of their trader’s needs; since uBinary has been traded on since 2020 it’s a good bet they handle business this way. We liked the slightly customizable features on the web platform and we also liked their mobile app. The negative things about the site we feel are minor and we definitely have no problem recommending our readers to give them a try if you like what you have read here.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, French, Arabic
Trading Options: High / Low, One Touch, 60seconds, Long Term. Pair Options, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 sec, 60 sec, 2min, 5min, 30 min, 1 hr, 24h, End of Day, End of Week
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, CashU, Diners Club, JCB, Maestro, Discover Card
Withdrawal Time: 3 – 4 days
Demo account: No

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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