UBinary Scam Review
We have made a research of UBinary and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that UBinary is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
Even though UBinary is comparatively new in the binary options market, it seems to have gained some popularity. The first thing that strikes the traders is its color – dark grey, green and orange colors keep the platform from becoming too heavy on the eyes, but overall gives somehow a good appeal. The one thing that should be easier for the traders is the dashboard. The UBinary dashboard is pretty much alright to operate. It could take a while but one learns to use it over time. Overall the website is with not so much features and assets.
Whenever we encounter any new broker in the market, it comes to our mind whether or not it is a scam broker. UBinary also falls under the new broker’s category, so let’s have a look whether it is really a scam or not. UBinary has been developed in the year 2012 with a group of people who have a collective experience of not more than a few years. They offer high payouts as much as 95%. Such higher payouts make one doubt whether it is genuine or not. There have also been some complaints against them in the past two years.
All trustworthy binary options brokers provide versatile form of withdrawals. Perhaps the withdrawal is the single most criteria on which traders judge the binary brokers’ trustworthiness. Many platforms have higher withdrawal rates which might take a lot time to build up. However with UBinary, the minimum amount which one needs to have for withdrawal is $10.
This is highly flexible and it is supposed works in the favor of those who want to withdraw their money faster, but according to some traders this is not always the case. There are some signals for late withdrawals, such as 2 to 3 weeks. Also, there is no maximum limit up to which you can withdraw. The withdrawal can be made only by using your credit card. There should be more methods for withdrawing amounts.
The amounts of complaints indicate the overall trustworthiness of the company. The type of complaints indicates the areas in which the company must improve in order to remain in the binary options business. When we searched for such complaints against UBinary on the various search engines, we found some.
Upon research we found that UBinary isn’t quite well liked across forums and portals. There is however one more problem with it – that it does not give you longer expiry times. Most of the times of expiry end within the day, which would be a problem if you want monthly or weekly options.
UBinary Minimum deposit
In order to open an account with UBinary you will have to make initial first minimum deposit. The amount which you will deposit will correspond to the type of bonuses and other limitations which you enjoy. The minimum amount required to open an account with them is $250.
By keeping the minimum deposit amount not too high as well as not too low, they are making it easier for the investors to earn a respectable amount of withdrawal. With this minimum deposit, traders also get access to a free demo account through which they can try out various strategies with virtual currency and then go in for the real trades.
ConclusionAfter detailed investigation our team concluded that there are better choices than UBinary. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with UBinary.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.