Binary options trading options31 comments
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They are therefore not legally allowed to accept UK traders. They offer a range of account types which ensures traders can enjoy investing at the right level for them personally.
Initially founded by finance industry professionals, with over 50 years of service in the sector, uBinary continue to grow. They offer a great range of option types, and everything operates through a slick, user friendly trading portal. With up to the second market feeds, and 24 hour customer support, uBinary are attempting to excel in every area and deliver on their 3 guiding principles:.
In addition, uBinary produce some innovative features on a regular basis. Here is the other key information on the brand;. The design is fairly unique among other brokers. At uBinary, the trading area displays a huge array of data, and specific tools only become available once an asset or option has been selected.
Another change unique to uBinary are the sidebar options. The social trading menu scrolls through the latest trades and performance of other traders, giving users the ability to follow that trader and monitor their trade. The market news area is, as the name suggests, for keeping up to date with market updates from around the world. The central part of the trading area is dedicated to trading.
Menus along the top allow specific option types and then assets to be selected. Beneath that is a list of most popular assets being traded at that moment. It is possible to trade very quickly from the list. Likewise the strike price and expiry are displayed in the row.
This cut down version of the trading window will be a real benefit to traders looking to spend the minimum amount of time actually trading — there are no distractions and no complication — freeing up traders to spend time researching, rather than carrying out, trades.
It is probably the most configurable trading area available in the binary options sector. Their asset lists are good, but currencies are the clear strength. Other asset classes are likely to be expanded as the brand grows.
The key strength though is the option builder, which does open up a lost of avenues for traders, particularly those looking to hedge or manage risk even more effectively. The mobile app at uBinary is currently only available on apple devices, with android being developed and released soon.
The iOS app does offer a comprehensive trading service. All option types are available as are all assets. All the relevant information is available, making trading from a mobile device very simple.
The layout also suits touch screen phones whilst reducing the capacity for human error. Below the trading buttons are an open position window and closed position trade history window.
These detail all current and past trades, so an up to date view can be viewed anytime. With the android version being developed, it is likely that further changes will be made to add some features to the mobile app across platforms.
While the current offering is functional, it is also unspectacular, but does the job. So traders must supply the following ID in order to process a withdrawal;. These measures should, in theory, protect the trader as well as the broker. In order to avoid delays, it is worth setting this information up prior to needing a withdrawal.
As is normally the case to avoid laundering sums up to the amount deposited must be first returned to the same source before another withdrawal method can be used.
This is longer than rival firms and something uBinary should look to improve — on the plus side, withdrawals are free, which is not always the case elsewhere. Deposits can be made via credit cards, bank wire transfer of ewallets Neteller and CashU.
There is not charge made for deposits and the funds are available to trade immediately. It is possible to open an account without making a deposit, but it will not be possible to trade. The education material at uBinary is in depth, and the documentation that compliments their trading area is excellent. The majority of the features at uBinary have been designed to offer traders greater flexibility, so they represent the broker of choice for any traders who may feel a little restricted with their current broker or platform.