- Beginners Guides
- Trading Strategies
- Live Charts
- Forex Brokers
U-Binary has been trading since 2011 and is one of the longest established brokers in the binary options sector. It uses a unique trading platform, and prides itself on giving every customer a personal account manager. While U-Binary has a relatively small list of assets, it offers all the major ones a trader needs - sterling/dollar, dollar/yen, and major stocks and commodities.
U-Binary has five account types, starting with micro, at a $250 (or £250 or EUR 250) minimum deposit, requiring a $20 minimum stake, and mini, with a slightly larger deposit. However, these account types don't include continuing access to trading signals, so most traders will probably prefer the Standard Account, with a $1,000 deposit and $40 minumum stake. Above this level are the Gold and Platinum accounts which offer significant bonus levels.
Promotions, Sign Up + Deposit Bonuses
The bonuses offered depend on the type of account. Gold offers a 40% bonus and Platinum a bonus of 50%, amounting to a maximum $5,000. (To qualify, customers need to trade a certain volume.) Check the U-Binary website before signing up as bonus offers do change from time to time.
Commissions and Fees
No commission is charged to open an account. There is, however, a charge made on accounts that are not regularly used. Advertised payout is up to 95%, but not all assets pay out such a large return. There is also a payout penalty for the mini and micro accounts.
Trading Platform Review & Mobile Apps
U-Binary's trading platform, ParagonEX, is available on the web, on Android and on IOS. Web users should note that it requires a 64 bit platform for its charting functionality. The advanced charting features include trend lines, oscillators and moving averages. It is straightforward and easy to use, and quite different from other brokers' platforms, many of which are rebranded and slightly customised versions of third party software.
U-Binary offers some interesting trading options, including the chance to flip options (from high to low) or close them out early, or to extend the time for which options run ('Buy me time').
Deposits & Withdrawal Methods
Making an initial deposit is easy; u-Binary accepts most credit and debit cards, as well as cash transfer. Withdrawal is also simple; unlike many other brokers, U-Binary does not charge a fee for withdrawals, and has a low withdrawal minumum of $50.
Regulators & Safety
U-Binary's trading operations are based in London but it is headquartered and regulated in Belize. The company's relative longevity and a history of good support for its customers suggest that it is one of a handful of genuine offshore operators that can be trusted to deliver. On the negative side, the company has changed ownership and address during the past few years, which can sometimes be a sign of stress in the business.
uBinary 2-3 .review