BinaryOptionsNow – Renowned binary options broker uBinary announced recently the addition of a number of short-term binary options contracts with expiration times between 60 seconds to 5 minutes. The new expiration times and contracts are provided by ParagonEX, the technology developer that supplies uBinary’s online trading software.
uBinary Adds Short-Term Options
Due to the rapid rise in popularity of short-term options, renowned binary options broker uBinary with the collaboration of online trading technology and white-label provider ParagonEX decided to release a new set of options contracts that come with very short expiration times.
The new expiration times range between 60 seconds to 5 minutes. These will allow traders to make money extremely fast without having to wait multiple hours or more until binary options contracts expire.
The possibility to choose between 60 seconds, 2 minutes and 5 minutes allows traders to purchase short-term options based on their skill level. Expert traders confident in their skills may as well choose the options with the expiration times of just 60 seconds while novice traders can stick to options with expiration times of 2 to 5 minutes.
uBinary is a binary options broker offering traders the possibility to trade on multiple assets from commodities to stocks, indices and forex currency pairs. At this moment the broker and the ParagonEX technology it uses only supports the classic high/low option types but now with the addition of various new expiries these option types can be considered to very exciting as well.
The average payout rate available at the broker can range from 70% up to around 85%, something considered to be good in this business even though that there are a number of brokers available that offer much higher payout rates as well.
Newly registering traders will be able to open three different types of accounts. The first one is the standard account that will only provide an initial deposit bonus of 30%. This is followed by the gold account also offering a 30% bonus however other benefits as well such as a complete educational package and daily market review mails. The VIP account will offer a bonus of 40% and free binary options signals as well as an account manager.
Deposits and withdrawals can be carried out using tools such as Visa, MasterCard, Diners Club, CashU, Western Union and bank transfer. Traders registering will have to keep in mind that the broker will require them to verify their identity before a withdrawal is accepted. This is why it’s very important to register with real personal details.
ParagonEX is the technology developer that provides the online trading platform to the company. ParagonEX is at this moment a small technology developer however it intends to conquer the market with constantly striving towards the development of new tools and better services. This is why the company just developed the new expiration time schemes.
While not offering many major features, the binary options platform developed by the company is very solid and stable and offers traders the possibility to trade binary options right from their mobile devices as well. It’s expected that the company would release new updates in the future as well.