uBinary Review

uBinary Review

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uBinary is a subsidiary of PPT Capital, a leading binary options broker headquartered in London, UK.

I found ubinary’s home page to be quite classy and the animated instructional video covers all the information a binary option trader should know. Still, it was worth reading through the online material before opening an account.

Accounts and Platforms

There are three types of accounts at ubinary, Standard, Gold and VIP. A minimum $200 deposit is required for the Standard account. Registering at uBinary is simple and the application appears on the front page of the site. No down payment is required for any of these accounts.

The uBinary trading platform is divided into three sections: Dashboard, Menu and Make a Trade. The Dashboard keeps you up to date on your account, with total pays and balances. The Menu Bar allows you to choose assets for trading and to view your open and closed trading positions. The choice of assets includes currencies, indices, stocks and commodities. In the Most Popular section you can see the most commonly traded assets in the market right now. You can choose your favorite assets and add them to the tab on the website.

As you scroll down the site, you will come to the Open Positions section where you can access information regarding open positions, including trend direction and stake, use Max Pay to determine whether the open trade is currently profiting or losing money. You can close an open trade and get a return on part of your investment by selecting Buy Me Out.

The Closed Positions section lists all the trading positions that you’ve made. It includes how much you staked on each trade and how much you received as payout on each. You can also browse in your closed position history or expand the closed position view to full screen and see your trading pattern over the course of time.

The 4-step trading plan is clearly explained and consists of selecting the asset you wish to trade, indicating the length of the contract, choosing a call or a put and deciding on the investment amount and entering the amount in the ‘stake’ box. Then with a click on submit, your trade is executed.

Features

uBinary provides you with instant, up-to-date access to relevant news items, charting software and streaming feeds. The 24-hour live chat and call me functions are vividly displayed on the right of the screen and the FAQ button on the top provides the answers to the most commonly asked questions in a clear and precise manner.

Aside from the short animated video which explains how binary options work, the only other educational resource I found was a selection of interesting blogs and articles.

uBinary is available in English, French and Arabic.