Company Name: uBinary
Head offices: London, United Kingdom
Telephone: +44 203 608 1129
Minimum Deposit: $100
Sign Up Offers: Yes, up to 30%
Maximum per Trade: Varies
uBinary is an online binary trading option company which was started in the year 2012 by PPT Capital Ltd with its head offices are in London, England. It has since been described by many forex experts as a binary options trading company of its own class given the rate at which it is growing and attracting clients.
The fact that uBianry was started just a few years but seems not to deter it in making great impact on the world of online binary trading options. This company is best known when it comes to trading of indices, forex as well as commodities. A lot of people are quoted as citing the simple trading platforms of this company as their main reason of choosing it amid thousands of other companies. uBinary offers best services for new and veteran traders.
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Fees and commissions
The fact that there are absolutely no fees or any commissions attached to uBinary services is seen as the main reason of many people crossing over to use its platforms. The breakdown is as shown below.
- Commissions: No
- Binary options: No
- Margin interest: No
- Depositing Fees: No
- Withdrawal Fees: No
uBinary gives its clients a total of 45 assets that they can freely trade on. That is, 7 indices, 30 currencies and 8 commodities. The traders in the forex platforms can trade in almost all the popular currencies in the world. They include USD, EURO, New Zealand Dollars, Swiss Franc and many more.
For the commodities traders, uBinary allows them to trade commodities such as sugar, corn, gold and crude oil. The plans of introducing stocks as one of the trading options of this company are underway.
uBinary trading platform commonly known as ParagonEX Trader, has been described as one of the simplest to use in the entire online binary trading business. It actually guides the user step by step and that is why it is regarded as being very user friendly. It is also elegant. This platform has three subdivisions. That is, the main Dashboard, Menu and the Make a Trade Option.
The Dashboard is used to display the account information such as the balance and stakes available while the Menu segment shows the users the assets that are available to trade as well as the trading positions of his trade. On the other hand, the Make a Trade option allows the trader to execute his trade. uBinary trading platform is that simple.
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uBinary has in place all the necessary mechanisms to protect its clients and whoever is using its services. This company uses the SSL technology which is the standard technology set in regulating the online binary option trading.
Deposits and Withdrawals
As indicated early, many binary traders are opting to use services from this broker thanks to the fact there are no fees or commissions attached to their services, even in depositing or withdrawing your funds.
This company accepts transactions that are done through credit cards, uBinary cash and wire transfers. Another advantage of uBinary’s deposits and withdrawal systems is the fact that you can transact at any given time and from any corner of the world. uBinary also allows its users to use PayPal.
Some of the trading methods offered at uBinary include 2 minutes, 5 minutes and 60 seconds.
uBinary offers a 24/6 customer support to its clients in a number of languages. The customer service starts from the moment a client makes a deposit. He is assigned a coach who will be guiding him through the trading processes until he is familiar with the whole system. The company also has an education center which is open to all clients, at any time.
In summary, uBinary has managed to come out strong as a solid broker that has won the trust of many online binary traders and can be recommended to either a seasoned or new trader.