When a broker in any market takes two years to prove itself, and then conducts a major overhaul to make focused improvements to an already great service, the market usually takes notice. Such has been the case with uBinary.com, a firm founded in 2011 by a team of seasoned professionals that had accumulated over 50 years of experience in trading and capital markets. Their new and improved approach is drawing fans from across the globe and highly favorable testimonials. Clients from the United States are also welcome. uBinary is headquartered on the Isle of Man and is a subsidiary of PPT Capital Ltd.
The corporate facelift of uBinary has been well received by the industry. Your first impression is guaranteed to be highly favorable since the website sparkles with a pragmatic and colorful format that feels comfortable from the outset. The most refreshing feature, however, is the firm’s revised trading platform, a derivative of the Paragonex system. The standard information is easily visible, but candlesticks, a rarity in the industry, are displayed, as well. Dashboard and Menu panels direct you to open positions and other features in a straightforward, one touch process. Customer service has also been broadened to improve usage and simplicity of the program. It must be working because no complaints were found on this broker on the web, another rarity.
With these impressive modifications, one might expect the cost to be reflected in the pricing of over 65 binary options, but payouts range as high as 90% with a rebate floor set at 10% and up for out-of-the-money trades. Standard Above/Below options are the rule, augmented by 60-second and 2-5 minute varieties. Option Builder functions are under development, but an early “Buy Me Out” feature is standard. uBinary’s stated mission is, “the success we receive is based on what our clients achieve. To reach this goal we strive to deliver a world class product, an unmatched customer trading support service and a user-friendly trading environment.”
Features at uBinary
The distinguishing features listed by Ubinary.com on their website are as follows:
- Trade over 65 Forex pairs, Stocks, Indices or Commodities
- No margins or commissions or hidden fees
- Option expiries supported are 60 second, 2 minute, 5 minute, and 24 hours
- Maximum payout is 90% with up to 10% rebates and higher for incorrect trades
- Promotional sign-up bonuses from 30% to 50%
- No registration fee and minimum deposit is $200
- U.S. customers are welcome
- Three account categories based on experience:
- Standard – For beginners
- Gold – For more experienced traders
- VIP Account – For professional traders
- New and improved intuitive trading platform that requires no downloads
- Customer service reps to assist you ‘25/6″ in English, Arabic, and Turkish
- Excellent economic calendar, supplemented by access to market news, commentary, charting software, and streaming data
- Multiple payment methods for easy deposit and withdrawal processing
- Security and privacy ensured by latest encryption technology, rigorous password protection schemes, anti-hacker software, and system redundancy backup
The major draw of uBinary’s recent renovation is it s new and improved Paragonex trading platform. The basics are presented in a pleasing format that blends four concepts together, each depicted and explained in a convenient Platform Guide:
- Dashboard – Account information is displayed from balances to winning history
- Menu Bar – Allows for the choice of assets and a segregation of favorites
- Make a Trade – Displays trends and position election bars
- Open/Closed Positions – View the status of all open trades, the potential payout, and a “Buy Me Out” election button to limit the damage of an errant trading decision. All closed position data is also available with one click.
The latest advances in SSL 128-bit encryption also protects all trading sessions and the warehousing of personal information.
Deposits and Withdrawals
The firm supports a broad array of deposit and withdrawal methods, including all major credit cards, banking wire transfers, Western Union drafts, debit cards, and CashU. Any withdrawal requests, however, are restricted to credit cards and bank wire transfers to ensure compliance with international anti-laundering and bank secrecy legislation. To speed up withdrawals and prevent delays, it is also recommended to have on file all personal identity documentation that the law requires. All brokers must comply with these laws.
The minimum deposit requirement is $250.
Copies of various identification documents are necessary during the account opening process as a consequence of anti-terrorism and anti-money laundering laws.
Limited Time: 85% bonus up to $2000
Professional customer service and technical support individuals are available “24/6” to assist any trader that has a problem or needs special training via live chat, email or direct phone. A “Learn” tab on the website channels the trader to an abundance of helpful material from an Economic Calendar of global events to learning videos and explanatory materials. Each has been constructed to supplement support efforts and make every trading experience an enjoyable one.
uBinary – Conclusion
uBinary.com is one of those exceptional firms that dutifully learned from its market experiences, made focused enhancements, and then surprised the market with an even better product. The latest changes to its trading platform and its high payouts are sure to gain immediate favor in the industry. The firm’s stated goal is “to enable every trader to flourish”, and from the looks of their latest modifications, they are well down the road to achieving that and many other goals.
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