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UBinary Overview

UBinary
UBinary
Bonus: up to $100%
Options Profability : 70-85%
Rating: 8.3 / 10

Basics

Broker Name: UBinary
Platform: UBinary
Founded: 2011
Bonus: up to $100%
Return/Refund: 70-85%/+10%
US Traders Accepted: Yes
More UBinary Basic Information

Features

No. Of Assests : 56
Regulated : No
Demo Account : No
Deposit Options : C.C., WireTransfer,
Language : 3. Including English, French, Arabic
Minimum Deposit : 250

Screenshots

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Review Last Updated 2014-04-02 10:29:52

Editor’s Note – Why Ubinary doesn’t Suck in 50 Words

Charting looks good and the platform is very user-friendly. The Candlesticks chart is a great improvement and really adds to the trader’s ability to perform strategies. Their professional team will help you get started.  Overall this broker is showing very good progress on 2014 as well.

 

 

Why Ubinary does Sucks?

Ubinary sucks because of the lack of longer expiry times which are limited to end of day expiries, so a long term investor cannot use weekly or monthly options. I personally don’t find that to be a big problem, especially because intraday expiries are pretty well spread, just like Binary Options like.

 

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Ubinary Full Review: Evolution – You’re Doing It Right! 

Ubinary was founded in 2011 and when we first reviewed them, the website and platform looked good but they lacked in other areas. Now the website and platform look even better and they improved a lot on other aspects too. The uncluttered layout of the platform helps the trader, makes it easy to use and it feels like they put in some work to stand out from the crowd. They still use the Paragon EX platform and they made some efforts to make it a fun experience. I am used to see some pictures and hear a voice explaining me about Binary Options and their benefits, but Ubinary raise the bar: they have a cartoon, a funny one I might add, with a guy that swims in a pool of money (probably earned from trading binaries). Overall, it’s a better way of teaching the basics of trading Binary Options.

 

Their Frequently Asked Questions and Glossary are pretty helpful and a newcomer can get an idea about what are binary options, what are the returns and the risks. Of course, they don’t emphasize too much on the risks because that wouldn’t be good for business. Instead, they focus on how fun it is to trade Binary Options and how you don’t need any experience to trade them…Here is where I don’t fully agree with them. If I want something fun I watch a movie, play a video game or do anything else that entertains me. They also explain to me that I don’t need any experience. Hmm, maybe I don’t need any experience when I first get started. After all, everybody is a newbie when they start to learn a certain activity, but in order to become a real trader, experience is definitely needed.

 

Overall they have pretty much information about binary options trading and about the platform itself, but what I really like is the Economic Calendar which is nicely structured, informing me about the importance of each economic indicator or event and some short explanation of the event. The website does not contain any major spelling mistakes, any broken links and gives an overall professional feel…or at least more than others do. This is definitely a plus for them and so far they look like a broker that wants the best for the clients. A great addition since our last visit is the Candle Chart they made available on the platform. It’s great to finally see a broker who recognizes the importance of candlestick charts and more than that, it’s great to see that Ubinary improved a lot since our last visit.

 

 

Is Ubinary a Scam?

Ubinary are very transparent and information is easily available in the Contact Us section and the lower part of their homepage. All this new found transparency combined with the improvements in other areas make us believe more and more that Ubinary is a reliable broker, with a legit concern for their customers’ well being. However, if you decide to trade with them, you should do a thorough assessment of their conditions and decide for yourselves if it’s the right broker for you. Luckily for you, unlike most brokers, Ubinary’s T&C are well explained. Thumbs up!

 

 

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 Ubinary Complaints

We search for complaint for you. You can do it yourself by searching Ubinary scam/ complaints/ frauds / etc on Google search engine. When we searched, we couldn’t find any complaints regarding Ubinary on any of the well known forums and portals. It looks like at the moment Ubinary has no unsatisfied customers or at least, none of their customers bothered to post a complaint online. We’ll keep monitoring.   

 

Ubinary Bonus

The bonus offered differs depending on your initial deposit but these are some guidelines for the volume needed in order to withdraw: 20 times for a 30% bonus, 30 times for a 40% bonus and 40 times for a 50% bonus. If you accept a bonus, you won’t be able to withdraw until you meet the trading volume requirements. We recommend checking these requirements prior to opening an account and depositing because changes may occur.

 

Ubinary Withdrawal                                                          

The minimum balance amount needed to make a withdrawal is $10 which is very good because it gives the traders control over their money. There is no maximum limit for withdrawals.

 

Ubinary Extras

They have a good Economic Calendar, and recently they introduced the option of using a Candlestick chart. This is a great addition, one which I believe should be made available by absolutely all brokers.

 

 

Ubinary Ratings

User Friendly 17/20

The platform is intuitive and easy to use. The site is available in 3 languages: English, French and Arabic. US customers are accepted and that’s a big plus. On top of that, their recent face-lift makes the platform even more user-friendly.

 

Number of assets and expiry times 17/20

On their asset index they show 31 currency pairs but actually you can find just 11 of them on the platform. There are 6 Commodities listed in the Asset Index but only 4 available on the platform. They have 8 indices in the Asset List and all are available on the platform. Stocks weren’t available before but they fixed that and now you can trade up to 18 stocks. Expiry times range from a quick 60 seconds to the end of day.

 

Commissions, Support and Effective return 17/20

There is no commission to open an account. They inform us on the website that there is a withdrawal fee but say nothing about how much that fee is. Customer Support wasn’t the best I’ve seen but it appears they improved. Effective return is up to 85% but scrolling through their assets, I could only find one currency pair that offers 85%. Refund is at least 10%, according to their FAQ.

 

Deposit, Payment and Bonus 16/20

Minimum deposit is $250 and can be made through credit card, CashU or bank transfer. Minimum withdrawal is $10. In their Terms and Conditions they don’t talk about withdrawal conditions and the information about the $10 minimum withdrawal comes from their FAQ section which is certainly not a legal agreement between the client and Ubinary . Bonus ranges from 30% to 50% and certain trading volume requirements must be met before withdrawing (see above)

 

Website Extras 15/20

For the moment the Financial Calendar is considered an extra among Binary Options brokers, although it should be a standard. The Candlestick Chart is a very good and much needed addition. These are great extras.

 

 

Ubinary Overall Ratings 82 + Process of Regulation (+1)  = 83/100

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11 Responses to “UBinary”

  1. Wayne Gilling says:

    looking to take part? Can you advise me that this is really a good move?

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  2. Chin says:

    I heard ubinary accepting neteller, is that true?
    I will only taking a part of the brokers who support neteller or payza.. Can anyone tell me?

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  3. Ubinary is ufxmarkets says:

    Check out the website forex peace army and do a search on ufxmarkets, they are a scam. I made a withdrawal from Ubinary and guess what my statement said the payment was from …….. yip ufxmarkets. They almost cleaned my account out by putting in trades without my permission. Took my account from $1000 to $100 in 4 trades, 1 of $300 and 3 of $200. Then still tried to get me to deposit more money. My address is sailfish9229@gmail.com if you want proof.

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    • Cliff says:

      So you are telling me that they trade your account without your permission?

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  4. William Bedri says:

    I have been trading with UBinary and have found their account management team to be very helpful and they will even make a few trades for you. They want you to make and I found that they answer your questions in a timely manner and there live chat is just that, a live chat. Overall I have been very pleased with my results. They also provide test(SMS) trading information and trading signals.

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  5. Jason R says:

    UBinary does not pay out profits! I started with UBinary a month ago, made some profits and still have not received my money. I requested a withdraw 3 and 1/2 weeks ago. They FINALLY withdrew my original deposit. Their live chat is shit, they say that someone will call me back soon and no one ever does. I have emailed my account manager, ubinary compliance, and their finance team dozens of times and no answer. BEWARE OF THIS JOKE OF A BROKER.

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  6. phil says:

    I didn’t have good experience with them. Expired postions were ending in the money or a tie and it would say lose almost every time. I didn’t like this broker at all.

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  7. Husain says:

    I wouldn’t suggest this company to anyone. I had a very bad experience with their representatives before I even become a member.
    My story starts when someone called me and told me that I showed interest in binary option trading. I don’t remember registering with uBinary. I told him that I am not interested anymore. He asked me the reason I told him it’s because of religious purposes in trading binary options specifically. He kept asking me why and that if I am a Muslim in a way that let me uncomfortable. I tried to explain that I don’t know exactly why and asked him to read about it if he needs more information. He said and I quote “I don’t want to read about your religion” and he hung up. From my perspective, I consider this unprofessional, unethical and racist from a newly born company.
    I tried to report this incident, but when I went through their website, there’s now contact information except a contact form. So I thought I’d give it a try. I sent the complain 7 days ago and no one replied until now. So I used the Live Chat and guess what, they terminated the chat when I asked to speak with a supervisor.
    You are the judge my dear trader.
    Best of luck

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  8. Martin says:

    I had a bad experience. I use several brokers, because each have some advantages. Ubinary turned out to be no good. Never realy earned any money. I couldn’t trade normaly – problems followed one after another.

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  9. dzab says:

    Ubinary and all the binary option is nothing but a scam. I’ve repeatedly said / requested that I want to close my account and withdraw my fund that i’ve deposited. Each time different account mgr pastered me to trade. and they disappeared. then again i wanted to close and withdraw..then the acct mgr by the name of Joshua martin called me and again did not even allowed me to speak abt wanting to WITHDRAW. and promised and pastered me to allow him to invest for me and do it by end of this week. And he did…he made 2 trades each abt 250 and 280 and loss. all my fund now is ZERO. they are nothing by scammers. There was NO training and definitely I have been cheated. So everyone. Beware.

    uBinary

    Joshua Martin
    Senior Accounts Manager

    skypename: joshua.m.ubinary
    Phone: 44.203.608.1229

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  10. Rene Sosa says:

    Don’t trust on Ubinary, they take the control over your account without permission and placed trades and at the end they finally lose the money(well is like stolen from you), Mike Edwards is a terrible traders and the system doesn’t allow to withdraw your money, they usually say that they will make the withdraw process in your name.

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