Trading at uBinary really is an exciting experience. The signature black and red colour scheme lends a certain sophistication to the trading platform. Clients can enjoy a full complement of binary options stocks, commodities, indices and currency pairs at the click of a button. Real-time prices and currency exchange rates are provided by Thomson Reuters at the bottom of the homepage. Clients can enjoy profits in the region of 85% for in-the-money trades. uBinary is perfectly suited to novices and institutional investors. The trading platform is SSL secure and prompt payouts are guaranteed. It should be pointed out from the get-go that US and Canadian traders are not eligible to trade at this broker.
The Trading Platform and the Asset Index
Recently, uBinary added professional trading tools to its platform. These include Advanced Chart, Short Time, Flip and Buy Me Time. These are available for the specific purpose of helping traders to end their trades in the money. Call and put options are represented by above and below buttons on each binary options trade. The 3-step process to trading requires clients to choose an asset, choose a direction, and enter the investment amount. The dashboard on the trading platform includes a free balance, stake, total pays and current available balance. On the menu bar, traders can access multiple assets including High/Low, 60 Seconds, and Option Builder. The latter option requires traders to select an asset, exercise profit control, and pick the option duration.
Getting started requires traders to select their asset and expiry time, choose the trend, and then select how much they wish to invest. Commodities include gold, natural gas, corn, coffee, oil and silver. Indices include the NASDAQ 100, Dow Jones, S&P 500, DAX 30, FTSE 100, CAC 40 and Nikkei 225. The list of available currencies is vast, and includes popular options like AUD/USD, EUR/USD, GBP/USD, NZD/USD and USD/CHF. Many popular stocks are available at uBinary, including Exxon Mobil, AIG, Walt Disney, Boeing, Apple, Amazon, Google, IBM, Coca-Cola and the recently listed AliBaba. At any time, you can check your open positions and your closed positions. A full trading history is available at uBinary. Many binary options brokers do not offer any cash back on losing trades, but uBinary offers 10% on these out of the money options. Traders can also enjoy uBinary on their mobile smartphones and tablets. The mobile trading app is 1.9 MB to download and install and requires iOS 5.1 or later to run. It is compatible with iPod Touch, iPad and iPhone devices.
Another area where uBinary scores high marks is with the $20 minimum balance for initiating trades. In other types of accounts (mini, standard, gold and platinum) minimum investment is higher. The minimum withdrawal amount is $50. Banking methods are all guaranteed secure and include American Express, Visa, MasterCard, Diners Club International, PayPal, Neteller, Western Union, CashU and Bank Transfer. Deposits are typically available as soon as transactions are processed and withdrawals can take up to 7 days.
Customer Support at uBinary
There are several ways to get in touch with uBinary, including telephone, live chat, e-mail and a physical mailing address in London. The customer support agents can assist with technical, banking and trading-related issues. The Binary Advisor contacted support and quizzed them about various aspects of the trading platform. We were impressed with their feedback and customers can contact support 24/7.
The uBinary is very progressive and popular broker. It does not stand still and changes the work of site according to trends. One of the unique features of the uBinary's trading platform is the so called the Advanced Chart. It gives unique opportunity to use technical analysis tools.
Economic calendar is another advantage. It informs about the most important economic events and gives brief descriptions. Overall the website and the trading platform are advanced level and modernized comparing to the leading binary options trading platforms.
uBinary makes an impression of a broker that cares about its customers and proposes unique trading conditions. Of course, it has a typical, as for binary option broker, complaints that can be regarded as competitor's tricks. The broker continues to work on improving its platform so we hope that it will overcome these obstacles and make its platform available to traders from the US.