One of the veterans in binary options trading is uBinary. With offices in London, and incorporated in Belize, the staff with uBinary take great pleasure in the claim that they are the top binary trading broker in the world…and they just may be.
In this review, we will explore the history of uBinary. We will explain terms and conditions, including withdrawal and bonus terms. We will explore if uBinary offers a demo account to test their system, and we will also tell you if uBinary has a mobile service. And, the thing every trader wants to know, we will give our opinion on whether uBinary is a scam or not.Visit Website
Deposit & Withdrawal Methods
- Licensed and regulated by CySEC
- Superb customer service
- Payouts as high as 95%
- No traders from the United States
- Short list of available languages
- Company:PPT Capital Ltd.
- Minimum Deposit:$250
- Minimum Withdrawal:$50
- Returns:Up to 95%
- Minimum Trade:$20
- Demo Credits:None
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
ubinary is owned and operated by PPT Capital Ltd and incorporated in Belize. The main offices of uBinary are in London, but because of incorporation in Belize, they are considered an offshore business, and can handle their binary options brokerage as such.
The trading platform at uBinary is a ParagoEX platform that was developed especially by the uBinary team. This platform is extremely user friendly and has information that other trading platforms does not offer. The company was recently granted a CySEC license, so uBinary is regulated.
The uBinary trading system has a huge list of trading assets, so traders will have no issues finding the object they want to invest in.
The company of PPT Capital Ltd launched uBinary in 2011. Operating out of Belize, they were not yet licensed. Because of being offshore and unlicensed, uBinary had to make sure they treated all clients well. They did that in the best fashion.
Moving their main offices to London, but still operating with Belize as the main headquarters, uBinary finally was licensed by CySEC in 2014. It seems the company’s history has been favorable, and there is nothing but success for uBinary in the future if they maintain the service they have provided in the past.
uBinary Terms and Conditions
When signing up for any binary options broker, it is wise to always read all the terms and conditions for that particular company. The terms and conditions can be difficult to find on the uBinary website. To read them, just go to the bottom of the home page, and on the left side is a link that says uBinary. Click on it and there will be a drop down menu that leads to terms and conditions. Some of the more important terms are:
- It is the client’s responsibility to make sure the laws of their country are followed.
- The client must be over 18 years of age.
- The company does not guarantee the data on the website is up-to-date.
These are the primary terms but again, you should read them all before agreeing to sign up and deposit money.
uBinary Withdrawal and Bonus Terms
As with all binary options brokers, to obtain a withdrawal, there are terms. The main term is that when requesting a withdrawal, the trader must follow the anti-money laundering documentation regulations. This means you will have to provide a valid photo id, and a mailed bill or statement with your correct address.
Withdrawal requests are normally processed within 5-7 working days, but the company can take longer.
With bonuses, a trader will have to trade a certain amount of trades before they can withdraw the money. Those terms will be determined at the time you get the bonus.
uBinary Demo Account
The uBinary trading system does not have any demo accounts available. What is good is that a trader can start with low deposits in the micro accounts. This will allow a person to try the system without having to use a lot of money to do so.
uBinary Scam Watch
I do not see where uBinary is a scam. They have been licensed through CySEC and being offshore, if they operated in scam fashion they probably would not be open. I have found some bad reviews as to uBinary’s withdrawal system, but in many cases these are because of clients not following the proper steps for withdrawals.
If you have used uBinary, we would love to hear your results and if you were able to withdraw effortlessly. You can do so in the comments area at the end of this review.
uBinary on Mobile
The uBinary platform is also available on mobile. The uBinary mobile apps are available for free. For Apple based mobile devices, you can find the application at the Apple app store and for other devices, the Google Playstore has the app.