Reputation is everything, and uBinary (www.ubinary.com) has already been able to establish themselves as a top rated binary options broker in the short time that they’ve been in existence. Much like a few of the other newer brokers out there, uBinary offers rates as high as 85 percent* on a day to day basis. They also have a secure, high powered, web based software platform that requires no extra downloads. uBinary is based out of London, England, and they have already begun changing notions of what this industry’s standards should be set at. This brokerage is worth a close look at to see if they fit in with your goals as a binary options trader.
*Amount credited to your account for a successful trade.
Trading binary options is simplistic, but that doesn’t mean that it’s for everyone. uBinary goes out of their way to make sure trading here is possible, regardless of your experience. Either way, they do offer a demo trading account that will help you enhance your skills. This is the same platform as their regular trading software, so even though you will need more time to grow your skills, you will be able to learn and master the software before you begin risking your own real money. It’s one way to give yourself a small advantage, but every small advantage equals more money in your pocket at the end of the day. To get a demo account, you just need to contact the customer service department and they will walk you through the process of doing so.
The broker has all of the assets you would expect from a binary options site. They have the usual foreign and domestic stocks and indices, they have commodities, and they have currency pairs. Trading them is simple, and you have a number of different options to choose from. The best feature here is the option builder category, where you can pick your asset and customize your rate of return. This allows you to build in things like rebates on incorrect trades. For example, if you choose to only receive a 70 percent rate on correct trades, you can get a 10 percent rebate credited back to you if your prediction is incorrect. This is a great way to control your risk over the long term if you are not 100 percent sure on which direction the asset is going to move, something that will be useful for the shorter term expiries.
There is a minimum trade amount of $20, although you can choose to risk more if you’d like. They also do offer mobile trading, thanks in a large part to their high tech web based software.
Creating an Account and Funding
Getting set up here is simple and quick. You need your name, country of residence, and email address. Funding your account can be done instantly with a credit card, or you can use a bank transfer if that is easier for you.
Where to Go From Here
uBinary is a superb broker for binary options traders of all sorts, especially those looking for a better experience than they are used to with their old brokerage. There are lots of little perks that go with the site, but their high rates of return is a unique benefit that you won’t find anywhere else that binary options are offered for trade.
***Your capital may be at risk. This material is not investment advice.***
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