uBinary

BROKER	OFFER	TRADE NOW/REVIEW
1st	Assets: 300+ Min. Trade: $1 3 Days payouts *Rate of return: 100%	TRADE NOW
2nd	Assets: 300+ Min. Trade: $1 3 Days payouts *Rate of return: 100%	TRADE NOW
3rd	Assets: 300+ Min. Trade: $1 3 Days payouts *Rate of return: 100%	TRADE NOW
4th	Assets: 300+ Min. Trade: $1 3 Days payouts *Rate of return: 100%	TRADE NOW

uBinary has not sought to register with the FCA to offer Binary Options trading to UK residents. So they are not legally allowed to accept British merchants.

uBinary is a growing brand among binary options brokers, and CySec is regulated. They offer a variety of account types that ensure traders can invest at the right level for them personally. UBinary was initially founded by professionals in the finance industry, with over 50 years of service in the sector.

They offer a huge variety of options, and all work through a smooth, user-friendly trading portal. With up to the second market feeds and 24-hour customer support, uBinary strives to excel in all areas and deliver on their three guiding principles:

Principle 1. By simplifying the trading process, trading binary options becomes easy, safe and fun.
Principle 2. By enabling traders to share their trading wisdom through 24-hour customer support.
Principle 3. By offering a streamlined, user-friendly trading platform.

In addition, uBinary regularly produces innovative features. Here is the other important information about the brand;

Demo Account – No
Minimum deposit – £250
Minimum trade – £20
Signals service – Yes, absolutely free.
Bonus Details – 10 Risk Free Trades .
Mobile App – Yes. Only currently iOS (Android version in development).

Platform features

The uBinary website is fast and exciting, and the trading area reflects that. The design is quite unique among other brokers. The traditional ‘trading area’ with call and sit buttons is not immediately visible. On uBinary, the trading area displays a large variety of data and specific instruments only become available once an asset or option is selected.

Another change unique to uBinary is the sidebar options. These are ‘social’ and ‘market news’ areas which can be hidden or displayed as needed. The social trading menu scrolls through the latest trades and performances of other traders, giving users the opportunity to follow that trader and monitor their trading. The market news area is, as the name suggests, to stay up to date with the market updates from around the world.

The central part of the trading area is dedicated to trade. Menus at the top allow to select specific option types and then assets. Below is a list of the most popular assets being traded at the moment. It is possible to trade very quickly from the list. ‘Up’ or ‘Down’ trading buttons are available, next to an amount field. Similarly, the strike price and expiration are displayed in the row. Once a trader fills in the quantity field, they can press ‘submit’ to make the trade there and then.

This pared-down version of the trading window is a significant advantage for traders looking to spend the minimum amount of time trading – there are no distractions and no complications – freeing traders to spend time researching trades, rather than perform it. If circumstances, however, users prefer to see the latest price charts, and ‘traders choice a barometer, simply click the ‘+’ on the right side of the asset will open a more familiar trading screen (more similar to those offered by competitors) with configurable price charts and a more traditional layout.

Besides allowing the trader to choose the level of detail, uBinary has gone further and offered a variety of layouts as well. Traders who don’t like using the ‘list’ view can choose four traditional windows at once, or just one enlarged trading window if preferred. This is probably the most adjustable trading area available in the binary options sector.

Trade Choice

uBinary supply options in currencies, indices, commodities and stocks. Their asset lists are good, but currencies are the clear strength. Other asset classes are likely to be expanded as the brand grows.

The types of options available are generally variations on the above / below options, with expiration the only real deviation. However, the key strength is the option builder, which does present a lost opportunity for traders, especially those looking to hedge or manage risk even more effectively.

Option types at uBinary;

Above / below – the traditional binary option, will the asset value rise or fall?
60 Seconds – Very short term trading is available at uBinary, with expiry of only 60 seconds.
Speed Trade – Again, short term options above / below. This time with expiration times of 2 or 5 minutes.
Option Builder – the ultimate in trader flexibility. Option Builder allows traders to select the asset, payout and expiration period they are looking for. It will also allow for a small return if an option ends up out of the money.
Long-term – More and more traders are now using long-term binary options as a conventional investment or hedging tool, and uBinary has a good range of long-term options.

Mobile

The mobile app at uBinary is currently only available on Apple devices, with Android being developed and released soon. The iOS app does offer an extensive trading service. All types of options are available, as are all assets.

The trading display differs from the website as it is by default the more traditional display, with a price chart the prominent feature and the large ‘Top’ and ‘Bottom’ buttons either side of the current strike price. All the relevant information is available, making trading a mobile device very simple. The layout is also suitable for touchscreen phones, while reducing the potential for human error.

Below the trade buttons is a window with an open position and a closed position (trade history). These details include all current and past trades, so an up-to-date view can be viewed at any time.

With the development of the Android version, it is likely that further changes will be made to add some features to the mobile app across platforms. While the current offering is functional, it’s also unobtrusive but gets the job done.

Payout

The trading payouts at uBinary usually hold up around 77%, and it can reach 95% on certain assets. The option builder feature can offer 80% on some of the leading types of assets, and it includes the flexibility to reduce the payout to ensure that some funds are returned in the event that the option no longer applies.

Withdrawal and deposit options

uBinary has faced some criticism in the past regarding their withdrawal service. In response, the firm has drawn up a strict ‘compliance policy’. Merchants must therefore provide the following ID to process a withdrawal;

Valid photo ID such as a passport.
Utility bill dated under 3 months with the current name and address.
Both sides of the credit / debit card used to make the initial deposit. Everything must be covered except: the last 4 digits, the name, expiry and the CVV security digits on the reverse side.

These measures should in theory protect the trader as well as the broker. To avoid delays, it’s worth setting this information up before opting out. As usual (to prevent money laundering), amounts up to the amount deposited must first be returned to the same source before another withdrawal method can be used.

Bank accounts used for withdrawals must match the name on the trading account; the minimum amount that can be requested is £50. uBinary suggest that withdrawals from debit or credit cards take between 3 and 7 days, and up to ten days to a bank account. This is longer than competitors, and something that uBinary should improve – on the plus side, withdrawals are free, which is not always the case elsewhere.

Deposits can be made via credit cards, bank transfer from ewallets Neteller and CashU. The minimum deposit is initially £250. No deposit is paid and the funds are immediately available to trade. It is possible to open an account without making a deposit, but it is not possible to trade.

Other properties

uBinary offers the following features and benefits to its customers:

Buy my time – an innovative trading tool that allows traders to extend the expiration times in the bailout options and increase the total strike rate and profits. This is a unique feature for uBinary.
Option Builder – This gives the trader the option to build their own trade, choose the asset, payout and expiration time. Especially useful for traders who have a specific niche and know how to maximize their knowledge.
Buy Me Out – uBinary offers the option to exit offers early, either to lock in profits or minimize losses.
The Flip – Literally flip a trade in the other direction if it’s headed the wrong way
Advanced Charts – Charts with a wide range of time scales and indicators give traders greater powers to conduct research.
Account levels – From micro to platinum, traders can open an account type that suits them and their investment needs.

The educational material at uBinary is in depth, and the documentation that compliments their trading area is excellent. The majority of features at uBinary are designed to give traders greater flexibility, so this is the broker of choice for any traders who feel a little limited with their current broker or platform.