Ubinary ReviewSeptember 19, 2013
Ubinary is one of today’s leading binary options brokers offering up to 85% return on investments. This broker is powered by the ParagonEX trading platform which is known for providing superior Forex software but is considered to be a relative newcomer to the binary industry.
The Registration Process
Signing up was pretty much flawless. The software is completely web-based and does not require downloading anything, which makes it that much faster. It took me around 30 seconds to fill out the form and I was directed to the cashier section of the software and was able to deposit and fund my trading account without any hassle.
The trading floor is slick, intuitive, quick to react, and highly functional. The assets index is a bit lacking in diversity in all assets except for Forex. Ubinary is probably the best online broker available today for Forex traders looking to diversify their trading portfolio with digital (AKA all or nothing) options.
- Minimum Deposit: $/€/£100 (Perfect for Beginners)
- Minimum Trade: $20
- Minimum Withdrawal Amount: $/€/£10 (Unusually liberal policy)
Currencies: GBP/USD, AUD/USD, EUR/USD, NZD/USD, USD/CAD,USD/CHF, USD/JPY, AUD/CAD, CAD/CHF, EUR/AUD,EUR/CAD, EUR/CHF,EUR/GBP, USD/ZAR, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD,GBP/CHF,GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY, AUD/CHF, USD/SEK, AUD/JPY, AUD/NZD, CAD/JPY, CHF/JPY, USD/NOK
Nasdaq 100, Nikkei 225, Dow Jones, CAC 40, SP 500, DAX 30, FTSE 100
Gold SP, Natural Gas, Oil, Silver SP, Corn, Coffee
Facebook, Goldman Sachs, Amazon, Apple, Google, CitiGroup, Microsoft, Boeing, JPMorgan, Chevron, Nike, CocaCola, IBM, AIG, Walt Disney, Wal-Mart, Manchester United and Exxon Mobil
The trading options are also limited compared to other brokers that offer range, touch, one touch (Tradologic), options builder, or open platform (Spotoption). However, they do offer standard above/below format and the popular 60 seconds, as well as 2 and 5 minute expiry contracts.
Promotions & Incentives
Ubinary offers a welcome bonus of up to 30% on your initial investment, as well as special cash back offers and various insurance plans designed to hedge your investments and provide you with additional leverage by increasing your bankroll with bonuses. It is important to remember that accepting bonuses does not come without a price, there is a trading volume criteria which is attached to these incentives which means it’s not right for everyone.
I deposited $1,000 using my American Express (Amex) card, and I know that they also accept all forms of Visa including Electron, Debit and Prepaid cards, Mastercad/Eurocard, Diners Club, and wire transfers. They do not accept any E-wallet such as Paypal, Moneybookers, Neteller, or Webmoney. Cashouts are only sent via bank transfers so please make sure to provide all your information beforehand, so when you want to withdraw funds you don’t have to start doing all the paper work.
Ubinary software is protected by a 128bit SSL encryption layer, which is common industry standard when all transactions are concerned. I felt completely safe when funding my real money trading account.
The support staff was very professional, I spoke to Jessica initially but then I moved on to dealing with Stefan who deals with VIP’s or experienced traders. I have to say all the account managers and staff are very friendly and professional. The responses I received were punctual and accurate every time.
If you are a US trader looking to invest Ubinary offers a no-nonsense platform which is elegant as well as easy to use and very customer friendly. This broker is particularly suited for Forex traders looking to start out with binary options. They are a bit weak on the other forms of assets as well as the variety of trading options available.