uBinary Scam Review

Rating: 

There are quite many binary options brokers that can provide you with good and efficient trading experience. However, be aware that uBinary scam is definitely not one of them, but completely the opposite. Wonder why? Then read our full review.
Ubinary Scam Review
Min. Deposit: $250            Demo: Yes

Platform: Custom              Bonus: N/A

Regulation: N/A                  US Clients: No

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uBinary scam: About the Company

Scam brokers tend not to show their true identity, but rather prefer boasting of their “best service of all times”. Indeed, uBinary is not an exception. They do not provide any explicit information on their website. Instead, uBinary tries to ensure you that trading with them is the most right decision. However, how can you trust someone that does nothing to be trusted? Thus, not being a dilemma for us, we are here to warn that this broker must be avoided. After a while of time spent searching, we eventually managed to find some info about the company: it was founded in 2011, owned and operated by PPT Capital Ltd (98519), Belize. It is a company that is not regulated at all. As for the address, it is stated like 43-45 Portman Square, London W1H 6HN, UK. Is uBinary a scam? Yes it is and it does not accept clients from the United States.

uBinary scam

Furthermore, they display on the website the list of different awards. For being a scam? Well, there uBinary can be among the leaders. Do not waste your time on this broker.

uBinary scam: Trading Accounts

Scam brokers try to imitate the diversity of the choice. Therefore, they frequently create many trading accounts types in an attempt to confuse the trader. Binary options must be simple and understandable. Unfortunately, uBinary is not able to satisfy your needs. Well, let’s still take a look at trading accounts this broker offers.

  • Micro Account
    ndeed, Micro Account is the smallest one with the minimum deposit of $20. uBinary scam claims to offer a 20% bonus to owners of this account, but you will hardly be able to receive it. You are also offered at this and all other accounts some educational opportunities like free training, but be aware that it is of low quality. In addition, you can use free signals for 14 days. But in case of uBinary it does not seem a present. You are promised to have up to 70% payout and also trader protection insurance.
  • Mini Account
    A second one in our list, where you still have a minimum deposit evaluated $20. You receive just the same opportunities as in Micro Account, but with some almost irrelevant distinctions. The bonus here is 25%. The term when you can use free signals is 30 days. The payout is claimed to be up to 75%. uBinary also offers an advanced guide, but that is useless comparatively with other sources of information. Also, our uBinary review found out that there are some 2 additional features here: Buy Me Out (if you want to turn your back on a trade) and Flip (so that you can flip the direction of the trade if it does not go your way).
  • Standard Account
    The minimum deposit is $40. Bonus equals 30%. Free signals are now said to be unlimited. uBinary claims to give your here a personal broker, but do not forget that you deal with a scam. The payout are up to 80%. Other features stay the same as in previous accounts.
  • Gold Account
    This is the first of pseudo lucrative ones. The minimum deposit is $150, with a 40% bonus. The payout is up to 90%, other features stay the same.
  • Platinum Account
    The last account has a minimum deposit of $250, with a bonus to $5,000. The payout is up to 95%. Indeed, platinum account includes all the previously mentioned features. However, uBinary is a scam and must be ignored.

Is uBinary a scam.

uBinary reviews: Trading Platform

uBinary review has discovered that this broker has developed its own custom trading platform, which is at least mediocre if not to say worse. It has unfriendly user interface. Although the trading basket of this broker is not small, it is not impressive either: 30 currency pairs, 6 commodities, 17 stocks, 6 indices.

The types of options are the following:

  • Above/Below
  • 60 seconds
  • Speed Trading
  • OptionBuilder
  • Long Term

uBinary scam

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Is uBinary a scam?: Deposits and Withdrawals

Perhaps this is one of the most unpleasant parts to discover about this broker. As the matter of fact, there are a lot of uBinary complaints, which state clearly that uBinary does not let traders to see their money by making withdrawals or that its managers trade the clients’ funds without reciprocal approval and therefore lose them all.

Well, deposits are made via credit/debit cards, wire transfer, CashU, Neteller. In turn, withdrawals are made in the same way as the deposits excluding CashU and Neteller of course. The minimum amount of money you can withdraw is $50.

uBinary: Customer Support

Customer Support let’s us hope for the best. The website is available only in 3 languages: English, Russian and Arabic. That is inarguably poor choice, and all uBinary reviews admit that. You can access this broker by live chat, email, fax, phone. However, they answer with delay and staff is self is not proficient as uBinary is a scam.

uBinary: Opening an Account

The account application is not complicated. This means that uBinary does not want to know you, but instead prefers to receive your further deposits only. This being an unfair strategy, it is one of many reasons why uBinary must avoided. Remember about uBinary complaints, do not let the scam deceive you.

uBinary reviews

uBinary: Conclusion

Frankly speaking, uBinary does not differ much from the majority of scam brokers you have ever come across. However, it skillfully hides its identity and that is why many BO traders got caught in the nets of this scam broker. We at BinaryOptionsHub are most interested in your success for the sake of solidarity. That is why avoid uBinary – choose proficient and fair binary options brokers. It is much better to choose one of the Best Binary Options Brokers.

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Conclusion
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uBinary Broker
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