uBinary is a renowned binary options broker that provides top-class binary options services to a large variety of clients worldwide. uBinary is run by the subsidiary of the company PPT Capital. The team of uBinary is comprised of veterans in the trading and investment business with many years of experience.
uBinary Platform and Usability
uBinary uses the binary options platform developed by renowned company ParagonEX.
The best aspect about this software is that it’s unique and distinct from other more mainstream platforms. Traders will be able to experience something completely new at uBinary if they have tried out all major online brokers already.
Using this platform at uBinary is very easy mostly because of its elegant and modern feel. Most older and classic online brokers have very old software that feels outdated. The uBinary platform meets all standards of a truly modern online broker.
uBinary offers a medium to large variation of assets. The biggest selection lies in the forex category that includes even some exotic currency pairs not available at other binary options brokers.
uBinary did not appear to have any active binary contracts on stocks when we checked, which is one disadvantage.
Despite the fact that there are only a limited number of commodities and indices available, the ones that are available are usually not present at other and bigger binary options brokers.
uBinary Deposits and Withdrawals
uBinary allows its traders to make deposits and withdrawals using PayPal, Visa, MasterCard, Diners Club, Neteller, WebMoney, Western Union and more. Deposits are always added into the traders account within a few seconds. Trading can begin right away without any delays or documents.
uBinary is also one of those binary options brokers that take withdrawals very seriously. If you request a withdrawal then it will be completed within the shortest possible time. The minimum amount that a trader needs to have in his or her account for a withdrawal to be authorized is just a mere sum of $10.
uBinary Bonus Deals
A small number of binary options brokers are offering traders bonuses on their first real money deposit. This is done in order to ensure traders to register at the particular broker that offers the bonus deal and often brings with it certain trading requirements before the bonus can be withdrawn, so be careful if you decide to accept a bonus.
uBinary offers a first deposit bonus of 30% up to $2,000. For example, if you make an initial deposit of $1,000, then your real bankroll in the uBinary cashier will be $1,300. The $300 bonus will be added into your account for free.
Of course you will not be able to withdraw this sum right away. Instead you will have to trade the bonus money 20 times before a withdrawal is permitted. This means that you will have to trade $6,000 in order to unlock a bonus of $300. Keep this in mind.
The trading requirement is only valid for the bonus money and is in place to discourage fraud. There are no requirements to withdraw profits earned if you do not accept the bonus.
uBinary promises a general payout rate of 85%. This places the online broker in the upper tier of binary options brokers in regards to payouts. Sometimes traders will see options with lower payout rate such as 72% and 80%, but in overall the 85% promised rate is accurate.
What lacks are the large and profitable options offered by other brokers that offer payout rates above even 200%. However these types of options are very risky. The ones available at uBinary are mostly classic options with standard payout rates. The lack of huge payouts is compensated by safer options and thus better winning chances.
In order to test out the platform, check out the “Trade Binary” page on the broker’s website. This will not allow the trader to actually trade binary options with virtual currency but will enable him or her to check out every aspect of the platform.
uBinary is a solid binary options broker that is mostly recommended to newcomers but also old traders who are bored of all the big and mainstream platforms and brokers. uBinary is very strong in the category of forex options offering assets not available elsewhere.
The welcome bonus deal provided by the broker can be extremely profitable and rewarding even to those who don’t intend to deposit a large sum of money right after registration. However, keep in mind that accepting the bonus means accepting the trading requirements required to withdraw the bonus funds.