Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
Binary.com Review 2020 – Is Binary.com Scam or Legit?
|Name||Binary.com Review 2020 – Is Binary.com Scam or Legit?|
|Legal Entity||Binary (IOM) Ltd|
|Bonus||up to 100%|
|Full Address||Isle of Man, Douglas, 14, Victoria Road|
|Phone||+44 (0) 1666 800042|
Founded in 1999 as BetOnMarkets.com, Binary.com has metamorphosed to be one of the popular and pioneering brokers in the binary options trading industry.
The rebranding of the company to Binary.com was done in 2020 to enhance the quality of service it offers to binary options traders. Since then, the company has earned an enviable reputation in the industry and now boasts of more than 1 million registered accounts worldwide.
We did a comprehensive review of the broker to establish whether it is capable of offering healthy and quality conditions for trading.
Here are the things we found out.
Opening an account
Opening a new account at Binary.com is fast and simple. We first opened a virtual account with the broker, which comes with a free deposit of $10,000. We used the free account to try out the broker’s platform and familiarize ourselves with its offerings.
Thereafter, we upgraded to a real account and made some real cash deposit to better get a ‘feel’ of the broker. After submitting the required details, which includes identity verification documents, our account was up and running.
We noticed that the broker provides a simple and user-friendly web-based platform to traders. We easily navigated through the trading platform and monitored our portfolio in real time. Some key strengths we noticed with the platform is that it enables traders to execute orders in seconds, tailor the contracts to suit their preferences, and sell back trades at the current prices.
The Binary.com platform has over 100 assets for trading. Traders can choose from a wide variety of forex pairs, indices, stocks, commodities, and volatility indices. The binary options types offered include Up/Down, Touch/No Touch, In/Out, Rise/Fall, and Higher/Lower, with expiry times ranging from 10 seconds to 365 days for some assets.
In terms of payouts, we noticed that the broker offers one of the most lucrative and unique rates in the industry, from $1 to $50,000 based on the success of your trades.
Deposits and Withdrawals
Binary.com provides secure and convenient payment options to clients. Some of the common payment methods supported by the broker include bank wire transfer, credit cards or debit cards, Skrill, Neteller, PerfectMoney, WebMoney, and Qiwi. Payments can be made in U.S. dollars, British Pounds, or Euros.
Furthermore, the broker holds clients’ funds in segregated accounts maintained by AAA-rated financial institutions.
The processing time for deposits and withdrawals is fast and is usually completed within one working day.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
Binary.com requires a minimum deposit of $5 for new accounts. In terms of bonuses, we noticed that the broker runs frequent promotions to provide traders with bonuses. After opening a live account, you will need to contact the broker to know your bonus amount.
Binary.com (previously referred to as BetOnMarkets.com) is owned and operated by a company called Binary Ltd. The broker is fully licensed and regulated and has been providing unmatched trading conditions to clients for over a decade.
The broker is under the watchful eye of several regulating bodies, including Gambling Supervision Commission in the Isle of Man, Malta Financial Services Authority (MFSA), and UK Gambling Commission. As much as most of the broker’s licenses are from gambling regulatory bodies, we noticed that it has been continually offering transparent and legitimate trading conditions to binary options brokers.
What’s more, we searched on the internet for negative user feedback and failed to get any significant proof that the broker is failing in its mission. Additionally, Binary.com has a very thorough and straightforward complaints and disputes policy, which it uses to handle any issues raised by clients professionally.
During our Binary.com review, a major drawback we learnt is that the broker lacks sufficient regulation to offer its services to traders in the U.S., Japan, Costa Rica, and Hong Kong.
Binary.com offers a quick and supportive multilingual customer service, which can be reached by phone, email, or live chat 24 hours a day.
The broker’s site has extensive resources and tools, which traders can use to sharpen their skills and become profitable from binary options trading. The site is also available in different languages, so you can choose the language that suits you the most.
Pros and Cons of Binary
- Long history of quality service delivery in the industry
- Site available in different languages
- Minimum deposit of $5
- Wide range of assets
- User-friendly trading platform
- Professional support department
- Free demo account
- Operates under regulated conditions
- Convenient and secure payment methods
- Traders in the U.S., Japan, Costa Rica, and Hong Kong not allowed
- A bit of gambling attitude towards trading
The fast and easy account opening process, innovative trading platform, secure and convenient payment options, as well as an extensive range of assets and expiry times are exciting features that make the broker stand out among the others.
Furthermore, the transparent and clear dealings of the broker together with the fact that it is regulated affirm that it is not a scam broker and does not allow fraudulent practices.
So, if you are looking for a broker with a long history of providing robust and quality conditions for trading, you can try out Binary.com.
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Binary. com Review 2020 – Scam or not?
|(4.8 / 5)||MGA, FSC, VFSC||5$||Options, CFD, Forex, Crypto|
Do you search for trusted information and experience with Binary.com? – Then are you completely right on this website. With more than 5 years of experience in trading, I will check in this review if Binary.com is a scam or a reliable broker. In the following text, I will show you the conditions of the company and how to trade. Is it really worth to invest your money there? – Find it out in this review.
The official homepage of Binary.com
What is Binary? – The broker presented
Binary.com is a international broker for different financial instruments. On the innovative platform you can trade Binary Options, Forex, CFDs, or Cryptos 24/7 per week. Binary is based in Malta and the British Isles. Since 1999 the company has a proven track record with awards and improvements for their clients. In 2020 there were more than 80.000 active clients and the number is rising for the following years.
Binary Investments Ltd operates in the EU which is based in Malta and Binary (IOM) is based on the British Isles and acts internationally. So traders are connected to different parts of the company depending on their country. All in all, Binary.com is one of the experienced brokers for trading financial products and derivates.
Award winning broker Binary.com
Facts about the company:
- Founded in 1999
- International broker with a good track record
- Award winning company
- Based in Malta and British Isles
- International offices
- More than 80.000 active clients with 1 billion turnover
Is Binary.com regulated and safe?
Safety is one of the important factors when it comes to online trading. You can read many complaints on the internet about unregulated brokers who manipulate charts or steal customer’s money. So the first thing you have to do if you are searching for a new online broker does research about the regulation of the company.
Binary.com got more than 1 regulation and license which shows me that the broker is trusted. Have a look at the facts below. In addition, the company is debt-free and uses European top tier banks for money transactions. For customer payments, there are only regulated payment methods available.
Facts about the regulation:
- Fully regulated and registered in Europe
- Binary (Europe) Limited is regulated by the Malta Financial Service Authority
- Binary (IOM) Limited is regulated by UK Gambling Commission
- Binary (SVG) is registered in St. Vincent and the Grenadines
- Binary (V) Ltd is regulated by the Vanuatu Financial Service Commission
- Binary (FX) Ltd is regulated by the Labuan Financial Service Authority
In conclusion, Binary.com is a secure and regulated broker. There is no problem with money transactions and the company does the payouts fast. For example, in 2020 more than 150 million USD are withdrawn by clients. With Binary you can trade safe financial products and Binary Options.
Review of the conditions for traders – Huge range of options
What is Binary offering to its clients? – You can trade with different financial products more than 200 markets. If you create an account you are able to invest in Forex, CFDs, Cryptocurrencies, and Metals. The most popular financial instrument on the platform is Binary Options. It is possible to earn a high profit in a small-time horizon.
Traders can start with a minimum deposit of 5$ to open a live account. The demo account is free and unlimited to use. Trades can start with a small investment of 1$. Another advantage of the broker is that it is a userfriendly platform for cryptocurrencies. Traders can choose between a cryptocurrency account or a normal money account.
Choose your favourable market
The yield for Binary Options is between 80% and 100%. This is a very high amount and better than most other brokers. Furthermore spreads for CFDs and Forex are competitive and starting with 1.0 pips. Binary.com offers additional tools for their traders which can increase your trading profit by using different strategies. I will review that later. In conclusion, Binary knows what a trader needs to invest in the financial markets. The conditions are better than the most online brokers.
Facts about the conditions:
- Minimum deposit only 5$ and minimum trade amount 1$
- Normal accounts or cryptocurrency accounts
- More than 200 different markets (Forex, CFD, Metals, Crypto)
- Trade Binary Options, Forex, and CFD with one platform
- Payout up to 100%
- Spreads starting 1.0 pips
Test of the Binary.com trading platforms
Binary.com offers different trading platforms which I will present to you in the following section. Overall the platforms are very userfriendly and easy to use. Beginners will find exact tutorials for the trade execution.
Since Binary.com offers different financial products you can use special platforms for them. In the SmartTrader it is possible to trade any options you want with Binary. More advanced traders can use the WebTrader. There are more functions for analysis and trading available. In addition, there is a big advantage, because traders can trade more than one chart simultaneously. Also, you can invent your own automatic strategy very easy with the BinaryBot.
For Forex and CFD trading there is the well-known platform Metatrader 5. This platform offers all that you need to do professional trading. Choose indicators, analysis tools, or programs for your investment. Traders can adapt the trading platform to their trading style.
These platforms are available:
- SmartTrader for any type of Binary Options
- WebTrader for more detailed analysis and multi-charting
- Binary Bot for invent your own automatic strategy
- Metatrader 5 for Forex and CFD Trading
- Ladders for trading Ladder Options
Review of the SmartTrader
Charting on the trading platform
When it comes to successful trading charting is very important for your analysis and result of investments. Especially for short-time Binary Options or investments technical analysis can give you a very high hit rate.
Binary.com offers in its platform different types of charts. Choose between 7 different chart types. Also, the tick chart is available which is missing on a lot of other trading platforms. Traders can use free indicators for the analysis. Configure them as you want and adjust them to your chart. The SmartTrader and the other platforms offer you all types of analytical stuff to do professional and successful trading.
Charting and analysis:
- Professional charting and analysis is possible with Binary.com
- Use free indicators and analysis tools
- Configure the charts like you want
- More than 7 charttypes and tickchart available
- Drawing tools
- Comparision tools
- Multi charting
Trading Interface – How to trade Binary Options?
In comparison, Binary offers the best trading interface for its clients. In the picture below you see the interface and in the following section, I will show you how to trade on the platform.
You can see what you have to do on the platform in order to get a trade placed in the markets. For Binary Options there are a lot of different functions which configure your trade. For example, you can choose between different time horizons and expiry time. Also, it is possible to trade Binary Options based on ticks.
Trade without conflict of interest
With Binary.com you trade without conflict of interest. It is like the broker IQ Option who matches the orders intern between traders. You can see in the interface that the yield is always changing. The average yield is between 70% and 100%. The broker has to secure the risk and this affects the yield of Binary Options.
With Binary.com you trade without conflict of interest. Unlimited profit is possible.
Trading tutorial: The principle of Binary Options
On the one hand, Binary Options are very risky to trade because you can lose your investment. On the other hand, it is a very easy principle which allows you to make a high profit in a short time horizon. For beginners, there are good explanations of the trading principle on the homepage of Binary.com. In the following text, I will show you how to trade the financial product correctly.
How to trade Binary Options
Traders can bet on rising or falling markets. It is possible to trade Forex, commodities, stocks, or cryptocurrencies. The advantage of Binary Options is that your risk is limited with the chance of a high profit. Furthermore, the price has to be only one point above or under your entry point. Just choose the expiry time of the trade and make a forecast of the price movement.
Step by step tutorial:
- Choose a market and analyse the chart
- Choose your investment amount
- Make a forcast of the price movement
- Choose a expiry time
- Invest in falling or rising prices
- Start trading
- Earn a high profit or loose your investment
Trade automatically with the BinaryBot
Binary.com is one of the few Binary Options Brokers who allow automatic trading. On the platform BinaryBot, you can create your own automatic strategy. The platform offers you the options which you need to create a system. From my experience, it is not easy to create a bot for beginners. You have to know about programming.
Programm your BinaryBot
Beginners can watch tutorial videos on this special topic or can even ask the support for service and help. The BinaryBot offers you different options to implement in your strategy. You can invent any strategy which you can formulate into speech.
Programm your own automatic strategy:
- Trade definitions for Binary Options
- Tick Analysis
- Implement indicators and analysis tools
In conclusion, the BinaryBot is a very good chance to earn a high and passive profit from the markets. I mentioned it earlier that Binary.com is on of the few brokers who allows automatic trading and this is a huge advantage for the company.
Professional Forex and CFD Platform Metatrader 5
Metatrader 5 is the most popular platform for Forex and CFD Trading. The platform is available for any device and you can start trading with Binary.com. You only need one account for the platform on any device.
The platform is like the WebTrader but you can configure more tools and functions. In addition, this platform is only available for Forex and CFD. It is a different financial product like Binary Options. It is more complicated to trade there but with some practice, you will understand it. You can invest in different assets and buy or sell them with high leverage.
The platform offers a huge range of tools for your trading. In addition, you can implement extern tools and install them if you want. Use indicators and analytic tools like in the other platform. Each tool is configurable. Furthermore, the handling of the order executions is simple and transparent. You can limit your risk with the stop loss and take a profit.
Facts about the Metatrader 5:
- For Forex and CFD Trading
- Available for any device and you only need one account
- Unlimited indicators and analytic tools
- Technical Analysis
- Automatic trading possible
Increase your profit with Ladder Options
The last platform I will present you is the platform for Ladder Options. This is a different type of Binary Options. It is the same execution tactic but you can earn more or less profit than Binary Options. The difference between these two financial products is that you can choose your entry point at a certain price.
That is why it is called “Ladder Options”. At the end of the trade, the price always has to be over or under your entry point. Ladder Options allow you new strategies because there are different barriers that you can choose.
The yield depends on your barrier (entry point) and is higher than 100%. From my, experience it is better to manage your risk because you can do less risky trades if you choose the right barrier. If you choose more risk the profit can be much higher.
Facts about Ladder Options:
- Same principle like Binary Options
- Choose between different barriers
- Different profit is possible
- Trade with less or higher risk
Mobile Trading: Binary.com Tick App is available
If you want to trade with your mobile device, it is possible with Binary.com. The platforms are available for mobile. You can install the Metatrader 5 as an app or use the Tick App for trading. The advantage is that you need one account for any device. You can trade with your computer and use the app at the same time.
Nowadays mobile trading is very important because more and more people use their smartphone daily. With Binary.com you can check your portfolio and trading positions at any time. React to economic or political news within seconds and trade the markets. In conclusion, the app completes the offer of the broker.
Facts about the App:
- Apps are available for Android, Apple (IOS), and desktop
- The Metatrader 5 is available as app
- Check your portfolio any time
- Customizeable like the WebTrader
Free and unlimited demo account (virtual account)
The demo account is the best way to practice trading on the platform. It is an account with virtual money which simulates the real trading. Beginners can trade freely and without risk the markets. I recommend using the demo account first before you start with real money.
Traders can gather knowledge about the platform and trade execution. Furthermore, it is important to practice and earn profit in the demo account. Advanced traders can try new strategies or markets to trade. In conclusion, the demo account is the best way to improve your trading and learn about the platform. Binary.com offers this account type free and unlimited.
Facts about the demo account:
- Filled with 10.000$
- Practise trading without risk
The demo account is the best way to improve your skills.
How to create your trading account:
It is very simple to open an account with Binary.com. Just insert your email address and get started. Also, it is possible to use your google or facebook account to sign up. For real money trading, the broker needs more information about your person. Fill out the form before you deposit and withdrawal.
Binary.com is a regulated company and as a result, they have to check your identity. Just upload a picture of your passport to get started. There are no account fees for you and the account opening is simple and fast.
Easy and fast account opening
How to deposit in Binary.com?
For a deposit, you can use more than 10 different payment methods. Sometimes the payment method is depending on your country but you will see that in your account dashboard. The minimum deposit for start trading is only 5$. There are no fees.
Most payment methods are electronic. That means the money is credited directly to your account balance. Also, you can use cryptocurrencies for the deposit. The account balance is available in cryptocurrencies too. Compared to other brokers it is a huge advantage.
Facts about the deposit:
- Minimum deposit 5$
- More than 10 different payment methods
- Cryptocurrency account is available
- No fees
Review of the withdrawal
As I mentioned before there is no conflict of interest with the broker. Withdrawals are working correctly and you can easy withdraw you profit. The minimum withdraw amount is like the deposit amount only 5$. There are no fees or hidden costs. But how long does it take to withdraw from Binary.com?
Normally it takes up to a maximum of 3 working days. The broker will accept your withdrawal after 1 working day but with some methods the payment processor needs some time. All in all, deposit and withdrawal are working very good with Binary.com.
Example of payment methods
Active payment methods:
- Bank Transfer (Minimum amount 500$)
- Internet Bank Transfer (Minimum amount 25$)
- Credit Cards (Minimum amount 10$)
- Skrill (Minimum amount 5$)
- Neteller (Minimum amount 5$)
- WebMoney (Minimum amount 5$)
- PaysafeCard (Minimum amount 5$)
- Stickpay (Minimum amount 5$)
- Bitcoin (Minimum amount 0.002)
- Ethereum (Minimum amount 0.01)
- Litecoin (Minimum amount 0.1)
- Tether (Minimum amount 1)
Support and service for traders
Binary.com offers real professional support in different languages. From my experience, it is the leader in technology and trading investments. More than 200 employees work for this company. There are offices worldwide which are working 24/5 per week.
If you got questions you can ask for help through the chat, phone, or email. Also, there is a big FAQ and help center for beginners. The support is working professional and fast. So customers should feel comfortable with it.
Professional phone support
Facts about the support:
- Available 24/5
- Chat, phone, and email
- Professional educated employees
- FAQ and help center
The broker accepts traders from anywhere without the countries USA, Canada, Hong Kong. All other traders are accepted. The main audience is in Asia, Europe, and Africa. The broker always tries to improve the offer for traders and the support languages are now available in Chinese, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Thai, and Vietnamese.
The most growing countries for traders are:
Conclusion of the review: Is Binary.com legit?
Due to my research, I can confirm that Binary.com is not a scam broker. It is a fully regulated company which is founded in 1999 and since this year it is one of the most competent Broker for Binary Options. Start trading with the best technology for earing a high yield. Whether you want to invest short-term or long-term Binary.com is the right broker for you.
In conclusion, the facts about this company are speaking for themselves. I highly recommend using this company if you want to trade seriously. Also, I found no complaints about the broker on the internet.
The advantages of Binary:
- Full regulated company
- Working since 1999
- The best technology for trading
- Huge range of markets and options
- High yield up to 100%
- Small minimum deposit of 5$
- No hidden fees
- Professional support
uBinary Broker Review
Since the advent of Binary options trading close to a decade ago, online trading has never been the same. Being unregulated, it was first met with curiosity and suspicion which gradually turned into interest, and eventually into popularity as governments started regulating brokers. Perhaps to cash in on the growing number of traders interested in the binary options trade, more and more binary brokers started up, each with its own crazy bonuses and payouts. Most of the brokers offering unrealistic returns turned out to be scams, with traders finding out the hard way. This resulted in a public outcry for governments to start regulating the brokers so as to safeguard their investments. Coming back to the point, uBinary is one among hundreds, if not thousands of binary options brokers. uBinary was founded in 2020 and is operated by UB Innovation Limited which has its head offices located in Majuro, Marshall Islands. The headquarters of uBinary are however located in London, England.
uBinary Broker Review
uBinary, was founded in 2020, and has with more than sixty assets in global markets, it is a decent site with great potential and an objective of making your options trading as smooth and profitable as possible. uBinary wishes to reassure traders that the returns are far greater than the risks. You are unlikely to find grammatical mistakes or broken links on their website which has a classy, professional feel to it. For anyone planning to invest in binary options and make money while at it, uBinary offers you the trading platform, with some new twists. New traders with limited experience in binary options trading are also catered for, as uBinary has a training program where you can learn about binary options, the terminologies you are likely to come across while trading and also the basics of trading. This is through its high quality free trading guide and free coaching sessions.
It is assumed that the readers of this review are already familiar with the binary options trade and are actively looking for a legit, quality broker to invest with.
ubinary main page
How Binary Option Robot Can Change Your Life? Check This Out!
100% Honest uBinary Review + Traders Results Chek Real Traders Comments & Complaints Is uBinary Scam or Regulated? Read Before Trading!
How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Open a free uBinary account by clicking on the button below!
Licensing and Regulation
Due to bad experiences with scam brokers, traders require assurance that their money is safe and secure before they join any brokerage firm. The most important parameter of legitimacy is being licensed by at least one (or more, the more the better) of the internationally renowned financial services regulators. uBinary are not currently regulated but are in the process of obtaining a license from the critically acclaimed Cypress Securities Exchange Commission meaning that it has already met the stringent European Union financial services requirements.
How uBinary works.
To better understand how a binary options broker functions, there are several things to look for. Their trading platform, interface, bonus system, account types and registration processes are just some of the things that give some perspective into the workings of a binary options broker. Below is some in-depth information about how uBinary works.
The best and most important feature of uBinary is their unique trade platform tools which have been developed in-house by their technical team. The uBinary platform not only matches those of the other popular brokerage firms but also exceeds expectations. With this innovative platform, the trading possibilities are endless. The platform basically offers three trade tools which are commonly referred to as the ‘Holy Trilogy’. The platform’s tools, which are unique and can only be found on uBinary are the Flip, Buy Me Out and Buy Me Time. Seasoned traders may find these similar in function to tools such as Rollover and Close Early which are found in other brokerage firms. Buy Me Out typically gives the traders the options of closing out a trade earlier if their predictions are off the mark or appear unlikely. The trader also has the freedom of switching to more profitable assets at any time if they so wish. While this practice is standard in most binary options trading platforms, Buy Me Out has that extra polish by being one of uBinary’s trilogy of awesomeness.
Buy Me Out is the second trade tool in the platform. While being very much similar to the traditional Rollover tool, it comes with fresh and improved functionality, the traders are made aware of the costs and potential returns on their investment before they enter any trade. With this, there are no unnecessary worries, just a great chance of making a fortune!
uBinary trading platform
uBinary’s winning tool, however, is the Flip. This unique and innovative never seen before tool is exclusive to uBinary. In simple terms, the Flip allows you to change your option even if you have already made a trade. Yeah, thanks to the Flip, you can change your mind anytime even in the middle of a trade. For example, if in Gold you chose the ‘above’ option, and it later dawns on you that you made the wrong choice, and you believe the trade will end below, you simply click on the Flip button and change your options. This great tool actually gives you crazy chances of making big money. If only it was available in other platforms.
In summary, the uBinary platform is efficient, cheap to maintain with unbelievable simplicity topped up with an excellent no commission policy.
Opening an account with uBinary is pretty quick and easy, you just need to go to their website (www.binary.com) and click on ‘get started’ then select the type of account you want to open, fill in some personal information which will include your name, address, telephone number and email address. The next step is to create a password, then make a deposit and you’re good to go. For withdrawals, you will be required to provide your bank or credit card details, a recent color picture of yourself, a utility bill addressed to you and for credit card holders, the information on both sides of the card. This is in accordance with existing financial services laws and is for your own security.
Deposits can be made through one of various methods such as from your bank, credit cards (MasterCard, Visa, Maestro among others) or through bank wire transfer. When the setup is done and you are ready to trade, you will be contacted by your personal uBinary broker and educational materials will be made available to you.
Account Types Available
There are several account types available in the uBinary platform. Though each account has its own special features, free training and trader protection insurance is offered with all the accounts. Also, there is no special maintenance fees charged for all the account types. There are currently no demo accounts available in uBinary. The five different account types are listed below.
- Micro account – This is the most basic account on the platform, with a minimum deposit amount of $20. The Micro account has goodies such as a 20% bonus on the deposit, payouts of up to 70% and free 80% accurate uBinary signals for two weeks. New traders or those who have not yet made up their minds on whether to stay with uBinary or not are advised to start with this account.
- Mini Account – Like the Micro account, the minimum deposit here is $20 with a 25% bonus. It differs from the Micro account in that its package includes an advanced training guide, 75% payout amounts and free uBinary signals for a month. This account offers the amazing Flip and Buy Me Out options.
- Standard Account – In many brokerages firms, the Standard account is the account of the middle ground and is hands down the most popular among traders. This is the account for all types of traders, who have basic knowledge of the platform. To open a Standard account, you will be required to make a deposit of at least $40 for which you will get a 30% bonus. Apart from the advanced trading guide and all the three trading tools, you get your own personal broker to work with in all your trades. It offers great payout amounts of about 80% with free uBinary signals for an unlimited period.
- Gold Account – This account is designed for the experienced trader, the Gold account puts you back $150 in terms of an initial deposit with a decent 40% bonus. Other features include the expected advanced trading guide, a personal broker and unlimited access to uBinary signals. The Gold account will give you absolutely great payouts of 90%!
- Platinum Account – The most prestigious account in the platform will require you to make a minimum deposit of $250 with the bonuses going up to $5000! As the standard practice at uBinary, for semi-professional trader accounts, it comes with a personal broker, an advanced trading guide and some awesome payouts of up to 95%.
Trading with the Interface
The trading platform used by uBinary is uncomplicated, relatively easy to use. It provides quick, safe and smooth trading with no issues and a user-friendly trading interface. The platform is in simple, clear and concise language with clients having the freedom to choose their preferred language. There are absolutely no annoying pop ups, irritating banners and dead end links, the site only contains relevant trade information such as assets, prices, winnings and losses. The site layout is such that everything is laid out clearly with the top part of the site carrying all the trading options and information about where you can select the tool you want to use and the trades you want to take part in. The bottom part contains options such as contact information and frequently asked questions. Information on open and closed trades can be found at the bottom also. This helps traders to monitor their trading activities all through the day. General information about the site is also found at the bottom of the page. You have the choice of two drop down layouts which you can choose by clicking on the icon at the top right. The first shows four windows arranged side by side while the second layout is simply a single large chart showing the performance of your favorite assets.
uBinary is not left behind in the high/low trade option, which is the most common in binary trading. They give their traders a wide range of assets to choose from, more than sixty in the form of currencies, commodities, indices and stocks. The payouts while dependent on the account type also depend on the asset traded in and the amount invested. The expiry periods you can choose from are 60 minutes, 15 minutes, 30 minutes, 1 hour and the end of day.
What are the Other Important Features to be Found on uBinary?
High payouts – The amount of returns a trader is likely to get on his investment is the first thing he looks at, very few will actually be interested in a broker who pays lower than average returns. The more attractive the returns are, the greater the interest it will attract from clients. The team behind uBinary is aware of this and has payouts ranging from 70% to 93% which are among the highest you will come across in the binary options market. The probability of making a winning trade on uBinary, at above 85%, is higher than with other binary options brokers. Make a trade now and you could make thousands in profit in a single trading day, thanks to the amazing accuracy uBinary offers you.
Bonuses and promotions – The downside of the broker not having free demo accounts, as is the norm, is offset by the great deposit bonuses they award to new clients. For inexperienced traders, you are advised to make a deposit, get the bonus and then use it to trade while also learning the ropes of trading. This will allow you to also get to learn and try out new strategies. This is a great way to familiarize yourself with the binary options trade while using little to none of your deposit money. And if you are lucky, which you most likely will be, you’ll make good money in payouts and add to your deposit, just from trading your bonus!
Apart from the account bonuses, uBinary runs different promotions in which traders have a chance of winning great amounts of real money or bonuses. Some promotions are:
- The 100% Deposit Bonus Promotion – This promotion credits your trading account with 100% of the first amount you deposited into your account. This, for instance, means that if your first deposit was $100, you will get an $100 bonus when you make a request to uBinary for it. However, to withdraw the bonus, you will need to meet uBinary’s trade turnover requirement which is 20 times the sum of the bonus and the deposit. This requirement is common to all brokerage firms dealing in binary options and is intended to discourage traders from signing up just to get the bonus then leaving.
- First Deposit 30% Bonus Promotion– As its name suggests, the trader receives a 30% bonus on their first deposit upon making a request to the broker. As a general rule with all binary options, to request a withdrawal, you must make a trading turnover of about 30 times the bonus amount.
- TheuBinary Top Five Traders Promotion – Here, uBinary actually awards and gives recognition to their biggest winners. Basically, the top five winners in a specific period get their names and nationalities shown on the uBinary website and also have great opportunities to rake in trade profits of up to 95%, which is a very high rate, and very rare in the binary options market.
- Asset Index –With their assets which include all the major world currency pairs, stocks of big companies and corporations, indices and market commodities, uBinary has gone out of its way to offer its clients an experience like no other. Although the asset index is quite small compared to the other binary options brokers, they include stocks of large and highly successful companies like Facebook, which are very popular in the securities exchange. From the look of things, uBinary goes for quality of the stocks it deals in over quantity, which is a good deal for the trader.
Another uBinary analyst
To traders, the security and ease of transactions offered by a brokerage firm’s banking system is what can make them either sign up with them or dismiss them as a scam. uBinary puts great efforts into obtaining and maintaining the trust of their clients. Their banking software uses the SSL Encryption, recommended by the European Union finance laws, and which is commonly used by reputable financial services players like banks and government agencies. SSL monitors transactions and most importantly encrypts trader information to eliminate the chance of it getting into the wrong hands. This serves as an assurance to the traders that their money is safe and as such increases their confidence so they can focus more on trading and making profits.
ubinary analyst 3
The ease of withdrawal of earnings and making deposits, as mentioned, is one of a trader’s major concerns. uBinary has partnered with various credit card providers and banks to make transactions as stress-free and prompt as possible. You can deposit to your trading account using your credit or debit card, Ucash or straight from your bank account (bank wire). Credit cards accepted include MasterCard, Visa, American Express and Maestro to name just a few.
When withdrawing money from your account, you will need to provide uBinary with copies of the following documents: national identity card or valid passport, a recent (less than three months old) utility bill with your name, and the front and back details of your credit card. You are advised to hide all the numbers except the last four on your card to prevent fraudsters from abusing your card. The documents are sent via email to [email protected] to verify your details.
The minimum withdrawal amount is $50.
The minimum withdrawal amount is $50.
As has become the norm in binary options trading, the software used by uBinary is 100% web-based which means you won’t have to download large files to your device. Web-based software offers great opportunities for new software updates which the trader won’t be required to pay for. Traders also have the flexibility of accessing their accounts and making trades on the go from all over the world, from any device with an internet signal.
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uBinary provides 24-hour customer service to its clients six days a week, this service is available in three languages: English, French and Arabic. In case of any issues that arise or you need help, traders can contact support through live chat, email or phone calls. uBinary’s support phone number is +44 203 608 1229 which may be busy sometimes and you may be required to be on hold for a few minutes.
Customer service can also be accessed by sending an email to the email address [email protected] with any question(s) you may have or any problems you may experience while using the platform. It typically takes a couple of hours to get a response from the support team.
For traders who want to chat with a customer service agent or a personal account manager, they can visit the uBinary website and click on the live chat button and a customer service agent will be available. Again, they may be held up and you could be forced to hold for a few seconds which is not really a big issue when you get world class service.
As a matter of fact, the customer service at uBinary is top notch, although it could do with a wider selection of languages to handle the increasing global client base.
Training and Educational Resources
uBinary has invested in great resources to educate their clients on the binary options trade, market strategies and proper management of their deposits. This is done with the objective of giving the trader some knowledge and assistance to make good decisions on the trades they make, especially so that they don’t lose money.
Basically, every account comes with a free eBook on the technicalities of binary options trading and the best ways to gain from it. Most accounts also get the advanced trading guide, which was developed by the successful, professional traders who are behind uBinary to educate their clients on the inner workings of the trade, best strategies and generally all they need to know to increase their chances of winning big.
The higher account types come with a personal account manager who works hand in hand with the trader. Personal account managers are there to pass on knowledge to the trader, while traders ask them anything they want to know about when to put a stake on a certain trade and when to stay put, among many other curious questions. The account manager is also like an advisor to the trader and has the complete trust of the trader to advise them on the most profitable assets at a certain time or the most likely outcome et cetera et cetera.
The uBinary Mobile App
For traders who can’t leave their mobile phones behind, uBinary has got your back. They have a mobile app for iOS and Android devices that is available for download on Apple Store and Google Play Store respectively. When talking about the uBinary app, the main word to use is simplicity. There is nothing special and sophisticated about the app. All the assets information and trade options are found in an easy to use layout, designed with the trader in mind. The app is somewhat different from the website as it is custom made for a smooth touch experience with little room for error.
Trading tools/options available
There are several options that a trader can choose to trade in at uBinary.com. Most of these are the usual binary options used everywhere but with a few twists from uBinary to make the trading experience as unique and enjoyable as possible. The following are the options available:
- The above/below options – In this option, the broker names a certain price and the trader states whether the asset’s price will end either above or below the price. This is a slight variation from the traditional high/low, whereby you state if the asset will end the period with its price high or low. The above/below has a higher risk of losing money but also very high returns.
- Speed trading option – This gives you the chance to trade in the above/below option for short expiry periods of between two and five minutes.
- Option builder – This gives the trader more flexibility than any other option. The traders get to choose the asset, the payout or the returns and the expiry period they want the trade to take. This offers amazingly high returns but the chances of losing all your money is greater too.
- Long term trading option – This option is fast catching up, with traders increasingly using it as an investment method. True to its name, it has long term expiry periods of up to a year.
ubinary trading academy
Unique Features to be Found on uBinary
While you are going to find uBinary has most of the same binary options trading tools as other brokers, they have also developed their own unique tools exclusive to them. Be assured that you are only going to come across the following on uBinary:
Buy Me Time
This innovative option gives the traders a chance to extend the expiry period of their trades to enable them to increase their overall returns.
Buy Me Out
With this option, the trader is allowed to call for an early close to trades. They can do this either to secure their profits or minimize their losses.
This new and wonderfully innovative feature is a game changer in the market. This option basically allows you to flip the trade around to the other direction if you feel you made the wrong choice by clicking on the “Flip” button on the menu. Soon you’re going to see this tool duplicated by other brokerage firms but remember, you saw it on uBinary first.
There is no question that the types of uBinary accounts and the different terms they have come up with are unique. From the amateurish Micro account to the classy Platinum account, it is highly unlikely that you will come across such anywhere else
With the awesome innovative and unique additions to their platform, uBinary is on an upward trajectory right now. There is no doubt that the uBinary brand is growing, and will continue to grow if they maintain the same innovative pace.
They have assured traders they excel at their principles of making the trading process simple, safe and extremely fun for binary options traders. Their asset index and asset classes will surely be expanded as the brand grows and becomes available in even more countries. uBinary has won a few awards for their excellent financial management which has increased their credibility, but their biggest win yet will be when they are officially licensed by Cypress Securities Exchange Commission.
That said, there is room for improvement especially in the available languages in their customer support. As their client base becomes more international, they will need to have more languages to cater for the different nationalities. Most likely they are working on that.
To any binary options trader out to have a fun experience while making profits and who also wish to learn the ropes of the trade from people who have been there and done it all, uBinary is the broker to beat. Everything about them seems so organized and simple, they actually make complex binary options trading appear easy. To be fair to everyone, their accounts have been structured in such a way that the new traders do not get lost as they start with the simple Micro account then upgrade to the rest when they learn enough about the market. Traders are guaranteed quick assistance and answers whenever they need them. The mobile app is also compatible with all Android and Apple phones to enable traders to trade and view asset information whenever and wherever they are. Anything you have ever wanted a binary options broker to have, uBinary has it all. Simply visit their site and start earning while you’re learning!
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