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Not approved broker by binaryoptionsthatsuck.com
6.4
  • UboCapital

  • Bonus: Up to 100%
  • Options Payout: 70-85%
  • Rating: 6.4 / 10
Broker Name: UboCapital
Platform: SpotOption
Founded: 2016
Bonus: Up to 100%
Return/Refund: 75-85%/ 0-15%
UboCapital Overview
No. Of Assests: 57
Regulated:   No
Demo Account: No
Minimum Deposit: 200
US Traders:   Not Accepted
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UboCapital Review

UboCapital is owned by Global CPL Limited and provides the following address; GLOBAL CPL LIMITED, address 20-22 WENLOCK ROAD, LONDON, UK, N1 7GU. This address is the same as the company “londonpresence.com” that offers virtual offices to its clients. It means this address is not a real physical location for UboCapital. UboCapital was founded in 2014 and at the moment of writing, they are still not regulated.

 

Is UboCapital a Scam?

I wouldn’t say they are a scam but that is yet to be confirmed. They are too new and either they haven’t been scamming people or the number of scammed people is not large enough for their complaints to reach the big forums and binary options websites. At least they didn’t try to fool me into thinking they were regulated. I suppose nowadays even that is appreciated! Nevertheless, be cautious when engaging new brokers where reputation is unverifiable and authorization is vacant. Overall, I would consider other brokers over UboCapital due to their lack of authorization, licensing and regulation.

 

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Editor’s Note – Why Doesn’t UboCapital Suck in 50 Words

UboCapital doesn’t suck because they offer 10% return on any losing trade and allow you to extend the expiry time on out-of-the-money positions with more than 3 seconds left. The platform is SpotOption based which is one of the leading platform providers and it comes with many types of trading styles.

 

Why Does UboCapital Suck in 50 Words

The only address is a virtual office in the UK and whenever I see a non-regulated broker with just a virtual address, no regulation and the good old SpotOption platform, it screams lousy white label. Also, they claim to be founded on 2014… We can’t believe it.

 

Should I Open an Account with UboCapital?

The platform is powered by SpotOption and there are only a total of 57 available assets to trade. However, there is a decent variety of trading instruments such as; Short term, long term, ladder, pairs, intraday and FX/CFD. There is also a section where you can follow profitable traders. I have seen brokers naming it iFollow but UboCapital calls it iGuru. Same thing, different name. You basically choose a trader and the platform will follow that traders positions and copy them in your account. I don’t recommend auto traders nor blindly following others so I would not touch that.

There are a few beneficial tools such as, roll over, double up, strategy advisor = (RSI/B-bands and moving average) and the possibility of getting a 10% refund on losing trades. What I like about the roll over is that you can use it up until there is only 3 seconds left before your position expires.

 

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UboCapital Ratings

User Friendliness 13/20

The website and the platform are quite user friendly as the platform is explained in the education center but there should be more content. There are only 3 languages available, English, German and Arabic.

 

No. of Assets and Expiry time 13/20

The number of assets are very low, only 57 assets. They are; 12 currencies, 19 Stocks, 7 commodities and 19 Indices. Expiries are SpotOption based. Intraday (every 15 minutes), short term (60, 90, 180 and up to 300 seconds) and long term that stretches up to a year.

 

Commissions, Support and Effective Return 15/20

There are no commissions and support was available via live chat. Although support left my question regarding the lack of gambling license unanswered, they were honest about not being regulated and answered my other questions and were not pushy at all. The returns are up to 83% which are fairly high.

 

Deposit, Payment and Bonus 13/20

You can deposit via wire transfer and credit card. Examples are: C.C, Wire, Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo. Withdrawals are free of charge unless it’s via wire transfer which costs 25$ and takes around 5-7 business days.
Bonuses range from 50% up to 350%, the latter is for VIP members. For every bonus dollar, 25 times the volume must be traded. Any withdrawal requests prior to reaching that volume will cancel your bonus.

 

Website Extra’s 13/20

Strategy advisor that uses RSI, MA and Bollinger bands to analyze the charts and show the possible direction of the trend.

 

UboCapital Rating: 64/100

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