- Established in:
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- Languages available:
- English, French,Arabic
Owned by PPT Capital Ltd, uBinary is an Isle of Man Investment firm. Although it is a relative newcomer to the binary options industry, uBinary is fast increasing in popularity due its exceptional payouts. This is especially true in the Gulf countries. Offering 31 currency pairs, 61 assets, 7 indices, 6 commodities and 18 stocks, this company provides stellar customer service and has a unique and innovative trading platform.
The uBinary Platform
One of the most important parts of any uBinary review is the description of the broker platform. When working with this company, traders get access to a futuristic screen design that is a clever and refreshing blend of dark grey, green and orange colours. In addition to being both original and aesthetically-pleasing, this browser-based system is intuitive and highly-informative. It allows for the rapid execution of trades and is broken into three distinct sections; one for trading, the dashboard and the menu.
All of the details pertaining to the trader's account are visible. Moreover, by using the trader bar, it is possible to see what assets other traders are focusing on. Unfortunately, however, there are only a handful of option types that this platform currently supports. These include 60 second options, 2 minute and 5 minute options and high and low options. The average payout of in the money trades is one of the largest at 85% and there are small payouts available for out of the money trades as well. Some traders are even claiming payouts as high as 90% on winning trades, making uBinary an excellent choice for those concerned primarily with the yields on trades.
Languages and Support
Customer support services are provided by uBinary 24 hours per day and six days per week. Account holders can connect with company representatives online via live chat or they can send emails. It is also possible to connect with customer support by phone. uBinary accommodates Arabic, English, Swedish and Turkish. Although uBinary has not received CySEC licensing, it is in the process of applying. As a result of this fact, it does not accommodate traders based in the US.
Account Minimums and Bonus Offers
In spite of its limited array of option types, uBinary is a great broker for experienced traders and newcomers to the industry alike. It offers educational support and trading tools for traders at all levels. Moreover, it has highly affordable account and trade minimums. The standard account can be opened for just $100 or the equivalent in another currency. This is currently one of the lowest deposits for starter accounts in the industry. Traders can also open Gold and VIP accounts as their trading capital and experience increase. The minimum trade amount is $20. For VIP accounts, traders can receive as much as $5,000 in bonus monies upon initial deposit. Those opening standard or gold accounts can expect bonuses of up to 30% of their initial deposits. There are additionally many ongoing promotions, including a refer-a-friend program that rewards traders for encouraging friends and associates to sign up with this company.