This binary options broker that launched in just 2011 has managed to blow us away again. Since the last review, they have rebranded their website and made changes to their proprietary platform that can’t fail to impress even the most seasoned trader.
uBinary is run and operated by PPT Capital, which trades out of Belize. We often talk about the merits of working solely with a European licensed regulator, however with this firm, we can definitely make an exception. They are truly enterprising.
The site features an in-depth Trading Academy with courses for beginner and more experienced traders and we particularly liked their events counter on the homepage of the website. This feature updates visitors at a glance of the most important economic events coming up that day. The events, in turn which will impact various asset pairs that can be traded through the uBinary platform.
The proprietary platform makes a refreshing change from seeing the Spot Option platform. It is intuitive, fast and has some excellent features. In terms of trade types it offers:
Above/Below – the classic binary platform
60 seconds – a trade type that expires within 60 seconds
Speed Trading – for trades that expire after 2 or 5 minutes
Option Builder- which allows you to manage your risk and reward even if your trade is unsuccessful
Long Term – for trades up to 2 months and beyond
The platform incorporates some smart risk management tools including:
The Flip – if the trade is not going in the direction you want, flip the direction of your trade and pay a small fee
Buy me Time – increases the length of your trade if you see that the trade is not going the way you want it to
Buy Me Out- an insurance type feature, with buy me out you can close the trade early if you see the trade is not performing well.
Furthermore uBinary have advanced charting features. An excellent service for professional traders that can look at longer time frames on their charts and even add studies and indicators in order to create a trading strategy.
uBinary boasts a selection of 5 different trading account types for all manner of traders. They all include free training and your own personal account manager, they also include trading signals and trader protection insurance.
The image below shows you the full list of features available with each account type:
Customer support at uBinary is available 24/6. Traders can contact uBinary support through email, live chat or the telephone. The website and support is available in English, Arabic and Russian.
In terms of technical reliability, the trading platform performs superbly. Trades are executed without any time lapses or slippage. This is not surprising as uBinary places emphasis on its ground-breaking technology and know-how.
To ensure the smooth processing of payments, funds are channelled through:
Passwords and account information are all encrypted and protected with various security tools to prevent hackers from compromising the system.
A great selection of account types
Offers Generous Welcome Bonuses
A superb platform
Excellent training resources
Responsive Customer Service
The only complaint about uBinary is the fact that they don’t offer one-touch trading.
Overall, uBinary deserve the reputation that they have earned. Their exceptional service, intuitive trading platform and personalized one on one coaching will suit new traders as well as experienced traders. The platform offering is superb and the high payouts make uBinary a good choice for a binary options broker.