UBinary is a binary options broker founded by a group of experienced UK traders who have more than 50 years of experiences. It was founded in the year of 2011 and belonged to a company called PPT Capital. UBinary is one of the brokers that accepts traders from the North America. UBinary was awarded with 2 FBO Awards in 2013, with one of the award being the most innovative broker award and the other award for being the best manager.
Trading Platform
Ubinary offers a proprietary platform compared to other most other brokers who use the Spot Option platform. The platform supports 60 seconds trades, speed trading and long term trade. Speed trading has an expiry date that last from 2 – 5 minutes. Long term trades have an expiry date of 2 months or more. They offer all four types of assets and maintain a list of more than 70 assets.
The platform provide all the information you need for making a profit in binary options. The economic calendar remind you about the important economic event. There are also advanced charts for professional traders to reference and plan for a trading strategy. The website has a professional layout and does not have any spelling mistake or broken link.
You can easily trade on any of the asset within a single click of a button. The flip feature enables you to turn the direction of the trade if the price of not heading in the profitable direction. The Buy me Time feature can extend the expiry time of your trade when it is not heading in the direction you want. The Buy Me Out feature allows you to exit the trade early if the trade is not doing well.
uBinary Trading Account Types
UBinary offers 5 different types of accounts including Micro, Mini, Standard, Gold and Platinum. Each account has different minimum deposit requirement and bonus. To open a Micro account, you only need to deposit a minimum of $20. You can enjoy a 20% bonus, up to 70% payout and free trading signals for 14 days if you sign up for the Micro account. Mini account also has a low minimum deposit requirement of $20 but it offers 25% bonus and up to 75% payout. Mini account holders will get access to free trading signals for 30 days.
Standard account requires you to make a deposit of $40. Standard account holders will be able to enjoy a 30% bonus and up to 80% payout. Other features of a Standard account are personal broker and unlimited free signals. Gold account requires at least $150 minimum deposit and includes all the features of Standard account. With a Gold account, you can get 40% bonus and up to 90% payout. Platinum account requires traders to place a minimum deposit of $250 and is inclusive of features in the Gold account. Platinum account offers up to $5000 bonus and up to 95% payout.
Deposits and Withdrawals
UBinary offers 4 methods for deposits and withdrawals including credit cards, bank transfer, Neteller and CashU. It is completely secure to deposit with your credit card because the checkout page is protected with SSL. It can take up to 3 days for them to process your withdrawal request.
Using a credit card to withdraw the funds is a faster method compared to withdrawal via bank wire. Ubinary advises traders to withdraw via the same method they used to fund their accounts to prevent identity theft.
Customer Support
Ubinary offers 24/6 customer support, from Sunday to Friday. You can contact Ubinary customer support in 4 ways including telephone, email, fax and live chat. Although they said they are available for 24 hours, sometimes you must wait for a few minutes to get connected to the operator.
They maintain toll free telephone customer supports for 10 countries including Switzerland, France, UK, Bahrain, and Hong Kong. The website supports 3 languages including English, Russians and Arabians. They are equipped with well trained representatives that can quickly give you the solution to the issues you bring to them.
Conclusion
In conclusion, Ubinary is a reliable binary options brokers that ares a wide range of accounts and powerful platform. They are reputable and offer responsive customer support.