Trusted Broker By BinaryOptionsThatSuck.com
Trusted Broker By BinaryOptionsThatSuck.com

UBinary Overview

UBinary
  • UBinary
  • Bonus: up to $50%
  • Options Profability : 70-85%
  • Rating: 8.2 / 10

Basics

Broker Name: UBinary
Platform: UBinary
Founded: 2011
Bonus: up to $50%
Return/Refund: 70-85%/+10%
US Traders Accepted: No
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

Screenshot 1
Screenshot 2

Review Last Updated 2014-12-15 14:41:08

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.

 

 Check out more recommended binary options brokers

 

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!

 

 

 Check out more recommended binary options brokers

 

 

 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 some unsatisfied customers to say the least. Most complaints are concerning the bonus issues, so maybe say NO to bonus!  

 

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 = 82/100

  Check out more recommended binary options brokers

 

GD Star Rating
loading...
GD Star Rating
loading...

18 Responses to “UBinary”

  1. Wayne Gilling says:

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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  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?

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Cliff says:

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

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  5. Emmanuel says:

    Am yet to believe till now. Ubinary.com is a fake binary options but out of my stupid curiosity and their constant lure and disturbance, I fell prey to them. I deposited $400 to my trading account with the help of one Jessy who acted as my account manager. Am an experienced trader who can make money with binary options trading, (you can test me on that). All the while I placed trades in the platform as its coming to the trade expiry, the graph will just rush up to out of the money. This happened many times and I lost all my money with them. I imagined me losing my whole money in binary options trading for the first time.

    Today being 12th of November, 2013, I went to make a withdrawal of #110,000 ($694.88) from my local bank account, I realised that my account balance is lower to zero. Guess what? The so called Ubinary agents, made a withdrawal from my bank account because they helped me to deposit on my trading account. I gave them my visacard details to help me. This is a pure criminal act.
    I list below the problems I had with them till now:
    1. They called and called and called and lured me into depositing with them.
    2. Ever since the day I deposited with them, I received no call from them anymore.
    3. The so called account manager Jessy ordered me to placed a put trade on gold which he promised to insure if I lose. I lost the trade but he never insured. He refused calling, mailing or even signaling me in anyway at all.

    4. I strongly state that their charts and website is manipulated against the trader.

    They hire agents, who go to online forum to make good comments of them while its all lie.

    5. They duped me by using my credit card details with which they helped me deposit to debit from my local bank account without mandate.

    6. They never called me again after the deposit.

    7. Their website constantly hangs when you place trades especially 60seconds trading so that can’t monitor to double up before trade expires.

    8. I laid complaint more that 10 times, but they never replied. They called me more than 30times prior to my deposit. But after deposit, they didn’t call anymore. When I call them, they either ignore the call or leave it to a robot and/or even pick it without talking.

    In the name of the living God, the money they stole through my visacard is my last hope of investment so as to start up a living again. Am a student who is applying for an admission and its through the money that I should have raised up fund to help myself. I pray CySec to look into this case urgently and save me because my down. Am damned now. I never scam someone but this company ubinary.com has just killed me. It just remains stabbing or physical killing for me to die.

    Investigate into the matter instantly and help me.

    Please please please, help me recover my money from these thieves. I made no agreement with them to auto-charge my credit card. And even at that, the debited money from my local bank account never reflected on my trading account. Save me and save other people who would fall prey into their evil crawls.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  6. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  7. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  8. 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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  9. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  10. 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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  11. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  12. salim says:

    This is a professional scam company I put money with them when i try to withdraw they begin in few hours contracts without my permission and my account become 0 aftrr withdrawal request…it is Israel company with fake sddress in UK

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  13. Yolanda G says:

    I recently funded my account with UBinary on June 3, 2014. I immediately received a call from Senior Broker who called and provided a brief history of his expertise, asked me what my goals were & if I intended to become a long term investor. However, their online chat service is horrible. I tried several times to get to communicate an issue but was not able to get anyone online. I was annoyed with the ongoing pop-up requesting additional deposits. I made a few hundred dollars above my investment. After testing the quality assurance portion for customer service and its platform, I have requested a small withdrawal to see if the integrity of the site is valid. As a final note, I don’t think there is a brick-mortar building for this company or its parent company. I have asked for the address from the compliance coordinator and my senior broker and have not received a response.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  14. ubinary is scam says:

    I made withdraw 3 and half weeks still have not received money. Do not trust them.
    When I first opened account; I gave them my credit card detail hoping they would deposit $1000 as agreed on phone. But soon as I finished conversation on phone logged in to ubinaryaccou t; guess what they deposited $2000 from my card. After 2 weeks IIn early finished all credit balance on my account. Then another consultant called me to invest another $2000. I said I do not want to trade any more. In spite of my advise he withdrew another $2000 from my credit card, bow I canceled that card. Very bad experience. Never ever trade with this shit company called ubinary.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  15. Ubinary Scam says:

    I opened account with Ubinary couple of months ago with a deposit of $500. After few weeks account manager Steven asked to deposit another $1000 to upgrade my account to managed account. I did not agree to this but instead they debited $5000 from my card without my consent. I asked to close my account and withdraw all the balance. They never responded to all my requests. Again another account manager Ethan contacted me after few days and he promised to make my account profitable if I deposit another $5000.

    I again asked to withdraw the amount and close the account. But I was shocked to find that he had deposited $5000 without my approval for the second time and opened few bad long term trades which went to loss. He too didnt respond to any of my withdrawal requests instead placed long term trades to lock the money. All those were losing trades. They make money by losing our positions.

    I have’nt received any amount so far. My mistake was I did’nt cancel my card after the first transaction.
    Stay away from Ubinary, its a scam.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  16. name bruce says:

    hi I am just about to join this company today but I have read these reviews is this all true regards bruce

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  17. fadi majdalani says:

    one week ago they took over the phone from my mastercard 250$ to open account, they opened nothing and the next day they throw me in the hands of another man on line and then also a third man to talk with me then in the following 6 days nobody called and i received no emails about my investment wallet, today after 7 days someone calls to explain, i told him thanks i want my money back but he did not want to listen to this and ended the phone call, now i claimed at my bank for that piracy to get my money back

    GD Star Rating
    loading...
    GD Star Rating
    loading...
Pages:
 
 
Help our community by sharing, leaving comments or complaints

 

*