Ubinary has become a popular binary options broker since its inception in 2011. With their headquarters in the Marshall Islands, Ubinary is owned and operated by UB Innovation Limited. Do keep in mind though that most of the Ubinary operations are managed from their London offices.
Ubinary has its own proprietary platform that is unique in the world of binary options.
They offer approximately 60 assets for traders to invest in, and Ubinary has some neat features which include:
Buy me out
Buy me time
It is my understanding that Ubinary has applied for licensing from CySEC. This will surely add to their reputation even better.
UBinary Deposit Terms & Conditions
To start trading at Ubinary, you simply create an account, and deposit funds.
The minimum deposit is $250.
You can use various methods to deposit funds including debit and credit cards, bank transfers, and ewallet solutions such as NeTeller and Skrill.
It is recommended that you immediately send in compliance documents so that withdrawals will move quickly when you decide to withdraw your profits. Those documents will include:
A copy of a government issued photo ID
A copy front and back of the credit card used (if you used a credit card)
A copy of a recent bank statement or utility bill showing your name and address.
UBinary Bonus Terms & Conditions
Ubinary offers some lucrative bonuses for traders depositing in their binary options brokerage service.
But with those bonuses comes some stipulations that you should understand.
To be able to withdraw after receiving a bonus, traders must make trades in the volume of their deposit plus bonus times 20. So if you deposited $500 and received a $100 bonus, you would have to trade a volume of $12,000 before withdrawal.
Many traders do not accept bonuses because of these terms.
UBinary Withdrawal Terms & Conditions
The minimum withdrawal amount at Ubinary is $50.
As long as you sent in the compliance documents I spoke of in the deposit terms, withdrawals will flow smoothly.
Withdrawals are processed back to the same method you used to deposit.
When you request a withdrawal, Ubinary processes them within 3 business days, but it could take up to 7 business days for the funds to reach your account.