Over the past few years, uBinary has progressed from being a decent binary options broker to being a great one. They have put in the effort to make their website one of the cleanest, sleekest out there while getting the most out of their slightly weaker trading platform. Additionally, uBinary.com provides top-notch customer service, low deposit and withdrawal requirements, and a trading experience that will satisfy the vast majority of new, casual, and even experienced traders.
Software and Features
The uBinary broker trading platform is powered by the rather outdated Paragon EX platform, though they have done an excellent job in maximizing what it can do. While it means there might be fewer options than with other platforms, it is incredibly easy to use, looks great, and does offer some special features not found most other places, such as real-time candlestick charts and an up-to-date financial calendar. A mobile iPhone app is also available. New traders unfortunately can’t learn from a demo account, though there are videos, a glossary, market analyses that can help beginners get on their way. Live support is 24/6 at uBinary.com and customers from certain countries can request a call during business hours.
Option Types Offered
If there is one downside to uBinary, it would be the relatively small amount of options available to trade. Only 68 assets were offered at the time of our uBinary review, although Forex traders will be happy to see that almost half of those are currency pairs. The option types themselves are also a bit limited, with traditional call/put trades available with expiry times ranging from 60 seconds to the end of the day. For newer and casual traders, this should be more than enough as uBinary.com makes up for it with slightly higher returns, 75%-90%, with 10% rebates on losing trades.
Account Types Offered
Five different account types are available to trades depending on how much they deposit. The Micro account is offered with the minimum $250 deposit and allows basic trading while also qualifying for a uBinary bonus of 20%. The Mini account at $500 is far more advantageous offering more trades and guides. This improve with the Standard account at $1,000 which has a higher bonus and more features; likewise, traders willing to invest significant amounts get the Gold or VIP account with higher returns, higher bonuses, and other personalized services. Deposits are accepted through all major credit cards and wire transfers.
As uBinary has improved over the years, they have gone from being just one of the pack to being one of the most-trusted and respected binary options brokers. That being said, they lack a lot of the trades and assets that real pro traders are looking for, but what they do well, they do better than almost anyone else. Newer traders especially can benefit from what uBinary.com has to offer.