The Best Binary Options Broker 2020!
Good for Beginners!
Free Education + Free Demo Account!
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Only For Experienced Traders!
uBinary Scam Review
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.
Min. Deposit: $250 Demo: Yes
Platform: Custom Bonus: N/A
Regulation: N/A US Clients: No
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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 2020, 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.
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.
The Best Binary Options Broker 2020!
Good for Beginners!
Free Education + Free Demo Account!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
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.
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:
- 60 seconds
- Speed Trading
- Long Term
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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.
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.
If you do not want to search for broker anymore – take the 24option now!
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
|No. Of Assets:||56|
|US Traders:||Not Accepted|
Ubinary was founded in 2020 and operated by PPT Capital Ltd (98519), Belize, a company that is not regulated. The address listed on their website is 43-45 Portman Square. London W1H 6HN, UK. Notice! This broker changed ownership again and is now operate by UB Innovative Partners LP – Suite 2, 5 Vincent Street, Edinburgh, EH3 6SW, Scotland, UK.
Update 2020: Ubinary can be considered a closed broker and we urge you to not invest there.
Is Ubinary a Scam?
Ubinary is not regulated and this should be a warning sign. The second warning sign is the continuous changes in operating company and address. Sure, changing operating companies and address alone doesn’t make them a scam but the increasing amount of complaint, the third factor, should really raise an alarm. If you do decide to trade with them, you should do a thorough assessment of their conditions and user ratings below and decide for yourselves if it’s the right broker for you.
Update 2020: There are yet more reasons to be added to the list of “Reasons why not to do business with Ubinary”. First, according to press reports the people in charge of UBinary have been caught and arrested for tax fraud after they were discovered using shell companies in Scotland to hide millions. Second, their traffic has dropped by around 15 times since near the period of the arrests which indicates they are to be considered closed – but whether the cease of operations are related to the firms owners or not we cannot confirm but it is very likely.
Editor’s Note – Why Ubinary doesn’t Suck in 50 Words
Advanced charts! Ubinary recently started using a proprietary platform, developed in-house and the best new addition are their advanced charts. Basic technical analysis can be conducted through this new platform; trend lines, oscillators, moving averages and you can even choose your time frame. Unfortunately you cannot trade directly from the advanced chart and you will have to switch back to the normal view of the platform.
Why Ubinary does Sucks?
The bad reputation gained lately by Ubinary really sucks. People complain a lot about not receiving their withdrawals and that unauthorized trades are being placed in their accounts. Update 2020: Based on the many serious complaints, authority warnings, tax fraud arrests and the fact that they are no longer to be considered an active broker – we can say they suck.
Should I Open an Account with Ubinary?
Definitely not. UBinary has been operating and even been charged for being a fraudulent company and are to be considered shut down. When we first reviewed them, the website and platform looked mediocre. Now they have totally revamped their style, bringing a fresh and more polished approach. Their Frequently Asked Questions and Glossary are pretty helpful and a newcomer can get an idea about what are binary options, what are the returns and the risks. Of course, they don’t emphasize too much on the risks because that wouldn’t be good for business. Instead, they focus on how fun it is to trade Binary Options and how you don’t need any experience to trade them…Here is where I don’t fully agree with them. If I want something fun I watch a movie, play a video game or do anything else that entertains me. They also explain to me that I don’t need any experience. Hmm, maybe I don’t need any experience to get started. After all, everybody is a newbie when they start to learn a certain activity, but in order to become a real trader, experience is definitely needed.
The Economic Calendar is nicely structured, informing me about the importance of each economic indicator or event and some short explanation of the event. The website does not contain any major spelling mistakes, any broken links and gives an overall professional feel…or at least more than others do. A great addition since our last visit is the Advanced Chart that gives you the feel of being a real trader by allowing the use of basic technical analysis tools such as trend lines, moving averages, RSI, MACD, etc. It’s great to finally see a broker who recognizes the importance of technical analysis charts and more than that, it’s great to see that Ubinary improved since our last visit (at least from a technical point of view). Speaking of improvements, recently they’ve introduced Social Trading in order to align with the “follow-mania” trend. I don’t believe that following others is the way to go (especially as long as you don’t know who and how skilled they are), but it’s worth mentioning.
2020 more updates: The overly ridiculous and exaggerated advertisements are still there such a the laughable “Amazing money machine, just press the button and live out your fantasy”… A regulated broker would today get fined for such statements but Ubinary is still not regulated of course. Moving on, their financial calendar that worked so well before does not work despite trying to open it in 3 different browsers. There is no one answering the live chat either which further confirms the fact that UBinary is closed down.
Let’s talk about the elephant in the room: our Comments section below this review is full of people who complain about the fact that Ubinary managers trade the clients’ funds without approval and lose them all. Also, withdrawal requests are not followed through and people don’t see any of their money. Our website is not the only one where people complain and if you want more information, you may check forexpeacearmy.com, a well known forum for user reviews and scam findings among other things.
Update 2020: Checking the comments section alone strengthens the fact that UBinary has been running a scam. However, you no longer need to dig too deep to confirm this since they are closed after the involvement in tax fraud and not to mention the warnings from authorities found below.
Ubinary Regulatory Announcements and Warnings
27.07.2020: FINMA in Switzerland issues a public warning which includes UBinary. Source: FINMA.ch
09.03.2020: CSA in Canada issues an investor alert on unregistered binary options brokers, UBinary.com included. Source: Lautorite.qc.ca
04.03.2020: AMF in France warns against UBinary.com for unauthorized activities. Source: AMF-france.org
The bonus offered differs depending on your initial deposit but here are some guidelines for the volume needed in order to withdraw (keep in mind that bonuses can be different, depending on your particular case): 30 times the bonus amount for a 30% bonus and 20 times bonus + deposit if you’ve received a 100% bonus. If you accept a bonus, you won’t be able to withdraw until you meet the trading volume requirements. We recommend checking these requirements prior to opening an account and depositing because changes may occur.
The minimum withdrawal is $50, which is good because it gives the traders control over their money. The time needed is 3-7 business days for credit cards and up to 10 business days for wire transfers. As usual, identification documents must be submitted.
The Advanced Charts are a great addition, one which I believe should be made available by all brokers. Recently they’ve added “The Flip” which is a feature that allows you to reverse your trade before expiry time.
User Friendly 15/20
The platform is intuitive and easy to use. The site is available in just 3 languages. US customers are NOT accepted as of late or from any other country because as of this update in 2020, Clients should consider this broker closed. Their recent face-lift makes the website more eye pleasing but slows it down considerably and there is a graphic illustration inside the platform introducing you to how taking trades works which is great.
Number of assets and expiry times 14/20
Their trading basket contains 30 currency pairs, 6 indices, 6 commodities and 17 stocks. Expiry times range from a quick 60 seconds to the end of day and recently long term options have been introduced, as well as an option builder.
Commissions, Support and Effective return 15/20
There is no commission to open an account. They don’t offer information about withdrawal fees but a $50 fee will be deducted every 100 days from accounts that have been “neglected” (whatever that means). Live Chat is unresponsive and it took me close to half an hour to get a 4 letter answer (“$250”) to the simple question: “What is your minimum deposit”. The advertised return is up to 95% but of course, not all assets will offer such a high payout (at the time of writing most assets had a payout around 70% but Apple and USD/HKD were at 90%).
Update 2020: The chat doesn’t answer at all but it’s not strange considering they are shutting down their operations.
Deposit, Payment and Bonus 16/20
Minimum deposit is $250 and can be made through credit card, CashU (and other e-wallets) or bank transfer. Minimum withdrawal is $50 and is stipulated in their Terms and Conditions (previously this wasn’t mentioned). Bonus ranges from 30% to 100% and certain trading volume requirements must be met before withdrawing (see above).
Website Extras 15/20
The Advanced Chart is a very good and much needed addition and the same is true for their “Flip” feature.
Ubinary Overall Ratings = 75/100
anybody know what is the last website for ubinary. We have an account there för circa two years ago
I have been extremely fortunate in getting my money back. STAY AWAY from Ubinary it took me several months of calls and skype messages until i got the refund. My last broker was also Tracy, who debited my credit card without my permission (honest mistake she said). Then she went on and on about having cancer and undrgoing tretament. Finally i contacted Ryan Allman and got the refund .
I started dealing with UBinary, the broker at the time Anthony Smith, I eventually found out that he had been dismissed due to Mal Practice and had lost over 12000AU$ of mine. doing deals he was not authorised to. Tracy Walker contacted me and talked me into continuing and I Invested several Thousand more. Due to personal circumstances I need to cash in anything that may be left and get a refund. I have tried emailing Tracy but all I get is a response that there is no Tracy Walker at UBinary. am I to assume I have been scammed yet again? I will report your company to whoever I need to, to stop you trading if I do not get a satisfactory response within 48hours
You guys need money for your self. With out my intermission how can you withdraw money from my credit card. If i request my email to send me the mail you can not to do it. Who give you permission to with draw money from credit card U$4356 I told them waite I will process with you. With out my permission how can you get my money. I need to return my money immediate. I never give you permission to you with draw the money. Your company is scam, My money back now.
Hey Theesan. Sorry to hear that but I hope you realize that we are not the broker.
This is just the review and if you read the review above we clearly warned about making business with them.
You should read this article on “MyChargeBack” which is a service that might be able to help you. https://www.thatsucks.com/been-scammed-mychargeback-helps-you-get-your-money-back-from-binary-options-brokers/
I had over 20000US in my ubinary account. A Lady goes by the name Victoria who suddently appears from no Where as a replacement broker refused to make me a Withdrawal. I kept asking and i threaten to make make a full Withdrawal and use other trading option. Few days after my all my money disappeared due to a trade she claim i forgot to flip. Nice one i said..
Stay well clear of Ubinary or whatever they are called now.
They present an exceptional business and do everything you’d expect and have really great software but when it comes to paying out you never get it.
I went to considerable efforts in initially trying to see if they were legit. Even visiting their office in London which was a regus office. They have not heard of them. They then told me they had moved to Geneva which was another rented office.
I left $40,000 dollars in the account which they traded away to nothing.
STAY WELL CLEAR NO MATTER WHAT THEY SAY.
Not happy at all with ubinary, researched ubinary and seemed quite good. prefered to use the auto trader as busy and only a small trader. Opened an account, received a call a short time after from account manager to get me trading. Said I was happy with auto, talked me into it. Deposited more money. Made just 2 assisted trades on 6 weeks. 1 winn, 1 loss. No big deal, but needed my funds returned. Requested withdrawal on Dec 30 and account closed. haven’t received funds as os 31 Jan, masent emails and called, but no reply and no answer. Can not get funds returned, even though T&C’s state 7 days withdrawal. Turned on the auto trader again…might as well, as can’t seem to get my funds. So far, running at a loss. Big thumbs down from me.
Still waiting for return of monies. I emailed to cancel but haven’t heard from them sincec16 Dec 2020. A guy called George Fox was my broker he wanted me to put in euro 2,500 after they had received euro250 and that was within the week of joining. Lied about phoning me.
They said they stopped trading on my account because they wanted mevto pay them euro750 more. I cancelled my card and I guess I have learned my lesson.
uBinary made a deposit because ‘recommended’ by a signals service. Advised that I could place $1 trades to checkout Signal service. Made $250 deposit. Minimum trade is $20-$25 so requested return of deposit . Just CAN NOT contact them. Phone lines ring out , messages stating no one available, mailbox full etc. Emailed several different people and NO Responses whatsoever.
PS Signal service also rubbish !
Ubinary is the worst I have encounter my personal broker at ubinary was a lady calling herself Victoria, she repeatedly refuses to see things my way and when I told her to end my account and refund my money on account she excuse herself and said she call back in five minutes because her computer didn’t work proper,then she got in to my account and opened a trade that was a sure loss,so now she lost me of money instead.1054$ that sucks.
Victoria Walter is a bluff, like this organization. Please press charges against this organization.
I invested in one company but was confused until I learnt more than one company had my information, one returned my cash, the other Ubinary co.GB. has not
Same thing! They keep on asking to add more deposits. I started Nov.7 and when I felt something is wrong so I requested to have it withdrawn. Nobody as in nobody replied up to this date. From $500 now it’s only $152.50 which I am trying again to be withdrawn. I already informed to make a stop loss or withdrawal but nothing happened. I tried contacting the broker but he blocked me on Skype after I didn’t agree on to the $5000.00 deposit.
Just joined u-binary before reading the reviews, So thought I would cheer withe you all on how it goes, And see if they live up four they bad reputation,
Will try a withdrawl in a couple of days will cheer how it goes after the weekend,
You will not see your money again. One of their “senior analysts” is called Stephanie Green, although this i most certainly a fake name. She has tricked me for a very long time, and lost me a lot of money. When I wanted to withdraw my own money, she didn’t listen, and it wasn’t possible to get in contact with their customer support, and their [email protected] did’nt answer as well.
DON’ T LET THIT PEOPLE FOOL YOU!
PRESS CHARGES IF YOU ARE ONE OF THEIR VICTIMS!!
Send me an e-mail if you want to have more information.
Hi Annika, I have lost $20,500 with this company. I do not know what to do. I feel like such an idiot! Are you pressing charges? and if so how? How do I press charges against this company? Any help will be greatly appreciated. Thank you Sye
Hi Sue I am Tony from the UK also feel an idiot having lost over $40,000 my account manager Anthony Smith keeps fobbing me off as he says he has processed 2 withdrawals but they have never been received by my bank. Did you find out how to press charges there seems to be a lot of people that have been ripped off surely there is someone we can contact to take this firm to task
I am another victim of this organization. I was tricked by my broker Victoria Walters. She lied about almost everything. I want to press charges her and this organization. Kindly guide me to claim my money back and track them down.
They approached me with a business opportunity promising to help & support me to learn how to trade. They took my money lost it now they will not contact me or return my emails. I’m upset with myself for trusting them. Don’t fall for it. They probably just took my money & put it straight into their own bank account I doubt if they really even traded in. I’m very upset & feel like an idiot.
It’s same for me … how can I withdraw my money ? I am in Australia. How will I proceed with ombudsman? Can anyone help please ?
I am in the same position as you now Gillian, Anthony Smith is withholding my money. I am now working with the police as they have all information regarding my account. I am looking to get the company’s proper address where ever it is. I cant believe this company can still operate freely, Ubinary should have been forced to close long ago by the English government after all the money that they have stolen. It seams once Ubinary have your money they wont give it back. Contact all the fraud authorities in England so they will investigate this scum and hopefully close them down.
I have been trying now for over 2wks trying to close my account and withdraw my money, I was promised training, called back on same day I deposited my money, promises after promises, to contact me, after I have rung them, but none have done, I tried to withdraw my money through my account I have with them,i am told to contact my account manager, whom I didn’t have a clue who it was, found out through a phone call his name is Anthony Smith, and he would contact me, waited for the call, it never came, I rung back up they said he would ring between 9.30_13.00 the next day waited in all day, no call from him again, I’m getting in touch with ombudsman to see if they can help me, as I can’t afford to lose this amount of money,living on my own, every penny is accounted for, does anyone know how I can get it back ? Emailed them again this morning but I know I won’t get a response.
The same thing happen to me and it’s was anthory smith as well, I’m stuck as well I’ve rang them like a 1000times I’ve email them like a 1000times and no one responded. I’ve try to find there address but it’s change like 3 times . I just fought I reach out because I’m going threw the same thing. If any one wants to invest in ubinary after reading all of these review then good luck.
How UBinary scheme works and how to fight it?
broker firm, owned by PPT Capital LTD, who is a big gambling firm with a lot of casinos, lotteries etc.
Based on many complaints over the internet and my personal experience, UBinary runs the same scheme for everyone. It’s basically contains 4 steps:
Step 1. They get your phone number from your registry on webinar about Forex or Binary Options. This way they can start cold calling you, knowing that you might be interested in trying forex trading. First thing they’re interested is if you experienced trader or not. It’s harder to scam experienced one.
Step 2. They let you place binary options bets on your own and get friendly with you by contacting you on a daily basis. Every time you start winning consecutive bets, your friendly broker starts calling you and suggesting that you can do much more if you place insured, risk free bet with minimum deposit $5000.00. At this stage they even let you withdraw small sum from your account.
Step 3. Once you agreed to deposit $5k into your account that were their artistry comes to play. You might win this this bet or not, but one thing for sure, you cannot withdraw those money and your broker start pushing you to put additional $10k on incredible good bet, where you cannot possibly loose.
Step 4. After winning your $10k bet, you’d get a good addition to your account and could be quite happy with it, but that where all troubles starts coming up. Very shortly after you win you last bet, your ‘friendly’ broker open multiple bets on all your money. All bets would be open with much different prices from the market, so that all your money would be lost on those bets. If something gets left, it’ll be put on another loosing bets until all your funds are gone.
How to fight such scam?
UBinary is not regulated and registered in Belize and have fake office addresses. The best bet is to go after theirs bosses, as PPT Capital Ltd and Reliantco Investments Ltd. Those companies are crooks as well, but they need some legitimacy to operate, so there is a possibility to press on them to get your money back. Some guys claiming they succeeded to get some money back this way. Here are some links to get started:
UK Regulatory Bodies
FCA (email [email protected])
Action Fraud UK (https://www.actionfraud.police.uk/report-a-fraud-including-online-crime)
FOS UK (https://help.financial-ombudsman.org.uk/help)
UK Gambling Commission (email [email protected])
International Regulatory Bodies
FBI – Internet Crime Complaint Center IC3 (https://www.ic3.gov/complaint/splash.aspx)
Econsumer.gov (https://www.econsumer.gov/en/SelectAType/4#crnt) choose “Other Investments”
International Organization of Securities Commissions (email [email protected])
The other approach is to document all conversations with Ubinary, send them at least 3 request to withdraw your money and after start pressuring your credit card company to initiate a chargeback on the ground that ‘service was not provided’. Your credit card company would try to avoid doing it, but they cannot refuse it. So, just put some pressure on them.
Internet makes such scam to operate worldwide without impunity, but if information about such practices would be spread worldwide as well, table will be turned on them then. They should have very hard time in getting any customer, if such information will be available on all forex forums and binary options review sites. Please spread this information and all social sites you have access to.
I also would recommend you to give your review on Trustpilot, ForexPeace Army and all other places, where you can review it.
Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
|Headquarters||Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825|
|Support Number||+44 (0) 1666 800042, 0800 011 9847 (Toll Free)|
|Languages||English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai|
|Trading Platform||Own development, TradingView|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$100000|
|Bonus||Up to 100% on deposit|
|Payout||Up to 100%|
|Free Demo Account||Open Demo|
|Regulation||gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000)|
|Account Types||Demo account, real account|
|Deposit Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Withdrawal Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Number of Assets||100+|
|Expiry Times||From 10 seconds to 365 days|
|Types of Assets||Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin)|
|Option Types||Up/Down, Touch/No Touch, In/Out, Asian, Digital|
|Account Currency||AUD, EUR, GBP, USD|
|US Traders Allowed|
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
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