uBinary Review

uBinary is a binary options trading system that promises to help beginner traders become rich through binary options trading. Find out if uBinary.com is a legitimately useful service today in our review.

What is uBinary?

uBinary is a binary options brokerage based in London. It’s a trading platform you can use to buy and sell binary options.

uBinary claims that its users can make “up to 95%” profit from trades. It also promises to help users maximize trading income through the use of “exclusive” trading tools.

Those exclusive trading tools include features like “Flip”, “Buy Me Time”, and “Buy Me Out”.

The Flip lets you change your mind about a binary options trade up to 5 minutes before the contract expires. If your trade is about to expire and lose you money, then you can “Flip” the trade and change your position on that binary option.

Buy Me Time gives you an immediate extension on your contract – even for 60 second trades. Finally, Buy Me out lets you lock in a position before it expires. Based on how close you are to the expiration and how close you are to being in the money, uBinary will give you a certain amount of money for your binary option.

The uBinary platform is available over the internet and can be accessed on any computer or mobile device.

How to Use uBinary

uBinary’s creators claim that making a trade is as simple as this three step process:

Step 1) Open an Account

Step 2) Place a Trade

Step 3) Win that Trade

You can actually practice a couple of those steps at the official uBinary website, uBinary.com. That website lets you run through a quick demo where you pick an asset – like the EUR/USD exchange rate. Then, you decide whether that asset is going to be above or below a certain price line at the desired time.

From this screen, you can see how many traders have chosen either side. You might see a 60%/40% split between traders choosing the asset price “above” the line and traders choosing the asset price “below” the line.

Then, you choose your stake in dollars and view how much you earn if your position is correct.

This is an extremely simplified form of binary options trading that virtually anyone can understand. Traditionally, binary options trading requires you to buy or sell binary options on the open market. With uBinary, the interface has been totally streamlined. You simply need to decide if an asset price will be above or below a certain amount of money within the next 60 seconds, 5 minutes, or 4 hours.

uBinary also uses an attractive-looking UI that features a nice mix of colors. The UI is a sleek black color and minimalistic. The only major colors are orange and green, which you see around the trading buttons. This interface makes it easy for traders to see new trading opportunities.

How Much Does uBinary Cost?

uBinary accounts come in five different flavors: Micro, Mini, Standard, Gold, and Platinum. Here’s how each account breaks down:

Micro

— Minimum Deposit: $250
— Minimum Stake: $20
— 20% Bonus
— Free Training and 2 Weeks Free Signals
— Up to 70% Payouts
— Client Protection Insurance

Mini

— Minimum Deposit: $500
— Minimum Stake: $20
— 25% Bonus
— Free Training and 1 Month Free Signals
— Expert Guide
— Up to 75% Payouts
— Flip and Buy Me Out Features
— Client Protection Insurance

Standard

— Minimum Deposit: $1,000
— Minimum Stake: $40
— 30% Bonus
— Free Training and Free Signals
— Expert Guide
— Dealing Service
— Up to 80% Payouts
— Flip and Buy Me Out Features
— Client Protection Insurance

Gold

— Minimum Deposit: $5,000
— Minimum Stake: $150
— 40% Bonus
— Free Training and Free Signals
— Expert Guide
— Dealing Service
— Up to 90% Payouts
— Flip and Buy Me Out Features
— Client Protection Insurance

Platinum

— Minimum Deposit: $10,000
— Minimum Stake: $250
— Up to $5,000 Bonus
— Free Training and Free Signals
— Expert Guide
— Dealing Service
— Up to 95% Payouts
— Flip and Buy Me Out Features
— Client Protection Insurance

The main difference between these accounts is their buy-in amounts and minimum deposit amounts. As you can see, uBinary heavily advertises its 95% payouts – although those payouts are only available to users who have deposited over $10,000 with uBinary. Most accounts will earn payouts between 70% and 80%.

Your account status is determined based on the amount of money you initially deposit. You can actually deposit money using a credit card. uBinary accepts VISA, MasterCard, American Express, and bank transfers.

uBinary Features

Key uBinary features include all of the following:

Mobile Apps

uBinary has an app available for iOS, letting you run their trading platform on most iPhones and iPads. The company also claims an Android app is coming soon.

Trade Currencies

There are a total of 31 currency pairs available to trade with uBinary. Those currency pairs include popular options like USD/CAD, EUR/USD, USD/JPY, and most other major world currency pairs.

Trade Commodities

A total of 6 commodities are available to trade through uBinary. Those commodities include oil, silver, gold, natural gas, corn, and coffee.

18 Stocks

Tradable stocks include some of the world’s largest and most well-known companies, including Amazon, Apple, Facebook, Google, Boeing, Nike, Coca-Cola, IBM, and more.

7 Indices

Bet on whether an entire index will go up or down. 7 different indices are available to trade, including the Nasdaq 100, Dow Jones, SP 500, DAX 30, FTSE 100, CAC 40, and Nikkei 225.

Bonuses

Under the account descriptions, I listed different bonuses under all of the different accounts. How exactly do all those bonuses work?

The bonus depends on your initial account deposit. However, it also depends on your volume. You’ll need to withdraw your money 20 times to receive a 30% bonus, 30 times to receive a 40% bonus, and 40 times to receive a 50% bonus. If you accept a bonus, you will not be able to withdraw any money until you meet the trading volume requirements.

These trading volume requirements can be quite steep. You’ll want to familiarize yourself with these requirements prior to joining uBinary. Ultimately, if you join uBinary expecting to quickly earn this bonus money, you’re going to leave disappointed. uBinary makes sure it makes money from you before handing out a bonus.

Daily Expiry Times

Daily expiry times range from 60 seconds to end of day. You can’t buy or sell binary options for longer than the end of the day. That may be a problem for more experienced traders who enjoy trading binary options on a weekly or monthly basis.

Who Makes uBinary?

According to a disclaimer at the bottom of the uBinary website, the platform is “run and operated” by a company called PPT Capital Ltd. That company is based in Belize.

That disclaimer also explains that all payments are processed through “several banks and billing agents”, including one bank from Malta and another bank from Hong Kong.

The company also claims to have a team of six executives advising the company. These executives are responsible for things like overseeing new traders’ portfolios, monitoring the markets looking for opportunities, and specializing in foreign exchange trading.

The executive team includes Aaron Smart, Kenneth J. Brown, Hans Jonas, Alec Thomas, Adam Anderson, and Valarie Andreyev, all of whom are senior analysts.

Oddly enough, none of these executives appear on Google Search. They appear to have no background outside of the official uBinary website. That’s a little suspicious – especially since each executive’s biography appears to feature a stock profile picture.

Another problem is that customers claim their credit cards were charged by a company called UFXMarkets, another online trading platform that has also attracted negative customer reviews and been called a scam. Is UFXMarkets hiding its poor reputation behind a fresh brand? It certainly appears that way.

What Do Customers Have to Say About uBinary?

When you search uBinary online, it doesn’t take long before you encounter a long list of complaints from customers.

Some of the top complaints involve money. Specifically, customers have had trouble withdrawing their money – especially when they earn money from making a big trade.

uBinary has a live support team available 24 hours a day. Service is available in English, Arabic, and Russian. You can talk to support over the phone, live chat, and email. According to customer reviews, this live support team is helpful when it comes to encouraging you to deposit more money and make bigger trades – but virtually useless when trying to withdraw your money.

Perhaps the biggest concern about uBinary is that some customers have complained that their entire account has gone missing – with all their funds disappearing from their account overnight. There’s no explanation and customer service appears not to have an answer.

Some customers even state that the company made unauthorized trades through their account, which is why they lost all their money. Emails to the company regarding this strange account behavior go unanswered.

These customer reviews are enough to scare most people away from uBinary.

Who Should Use uBinary?

At first glance, uBinary appears to be a good binary options trading platform: it features a flashy UI, a simplified trading interface, and the promise of making up to 95% in payouts.

When you take a closer look at real uBinary customer reviews online, however, it suddenly takes a darker turn. Customers have complained that their money goes missing as soon as they try to withdraw it. Others have complained that they try to log in one day and find their accounts are inaccessible – or their funds have totally disappeared.

All of these problems have led some people to call uBinary a binary options trading scam. Even if those reviews turn out to be false, most people recommend waiting at least a few months for more uBinary reviews to appear online. Otherwise, your entire uBinary deposit could disappear.