UBinary review

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    Best For Beginners!
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Broker Name: UBinary
Platform: UBinary
Founded: 2020
Bonus: 50%
Return/Refund: 70-85%/+10%
No. Of Assets: 56
Regulated: No
Demo Account: No
Minimum Deposit: 250
US Traders: Not Accepted

UBinary Review

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.

Ubinary Complaints

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

Best Binary Options Brokers 2020:

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:


    Only For Experienced Traders.

Ubinary Bonus

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.

Ubinary Withdrawal

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.

Ubinary Extras

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.

Ubinary Ratings

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.
Theesan Muthiah.

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.


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.


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)
ECC (https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.show&lng=EN)
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])
ECC (https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.show&lng=EN)

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.

uBinary Review

Trading Platform uBinary

uBinary’s ParagonEX trading platform is a refreshing change from the usual SpotOption platform deployed by the majority of binary traders. It carries a number of features and is intuitive and very fast as well.

The ParagonEX platform is more exclusive than typical trading platforms and it offers a really unique look and feel in comparison to them. The platform itself supports both Android and Apple iOS systems and mobile apps are offered free of charge. Keep in mind though, that the web platform requires a 64-bit browser in order to function at 100% capacity. 32-bit browsers such as Chrome will limit access to the professional charts that call for a Java plugin compatible exclusively with 64-bit browsers. The platform offers 74 assets in stocks, indices, commodities, and currencies.

ParagonEX has a number of unique features including:

The standout features of uBinary are that there are no fees for withdrawals and the trading platform is easy to learn and use. It offers plenty of popular assets as well as many trading options. You will not be overwhelmed by assets you will not use. The accounts provide many attractive perks such as unique risk management instruments, increased returns, access to the trading desk, and signals.

This broker offers the services of a dedicated personal account manager. On the flipside, it doesn’t offer high yield options and levies payout penalties on the two most basic trading accounts. However, you can negotiate with your personal account manager for better deals and for the waiving of the payout penalty if you opt for an entry-level account.

  • A great selection of account types
  • Offers generous welcome bonuses
  • Ongoing promotions
  • A superb platform
  • Excellent training resources
  • Responsive customer service
  • They don’t offer one-touch trading

Platform type: ParagonEX

Platform Languages: English, Russian, Arabic

OS Compatibility: iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: Yes

Company information uBinary

Located in: London, United Kingdom

Website: https://www.ubinary.com/

Founded in: 2020

Accepts US Clients: No

Phone number: 4420 3695 9422

Email: [email protected]

Account Options uBinary


Minimum Deposit: $250

Payouts Percentage: 95%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, CashU, Neteller

Withdrawal Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Payout Ratios: uBinary offers payout up to 95%.

Available Assets uBinary

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Russian, Arabic

Customer Service Hours: uBinary offers 24-hour customer support.

Place Trades Over the Phone?: Yes

uBinary Trade types

uBinary offers the following trade types:

  • Above/Below
  • 60 Seconds
  • Speed Trading
  • Option Builder
  • Long Term

uBinary Trade accounts

uBinary offers five types of trading accounts:

Micro Account – $250 – $499 deposit

  • $20 Minimum Stake
  • 20% Bonus
  • Free Training
  • Free Signals – 14 Days
  • Up To 70% Payout
  • Trader Protection Insurance

Mini Account – $500 – $999 deposit

  • $20 Minimum Stake
  • 25% Bonus
  • Free Training
  • Free Signals – 30 Days
  • Advanced Guide
  • Up To 75% Payout
  • Flip Available
  • Buy Me Out Available
  • Trader Protection Insurance

Standard Account – $1,000 – $4,999 deposit

  • $50 Minimum Stake
  • 30% Bonus
  • Free Training
  • Free Signals – Unlimited
  • Advanced Guide
  • Personal Broker
  • Up To 80% Payout
  • Flip Available
  • Buy Me Out Available
  • Trader Protection Insurance

Gold Account – $5,000 – $9,999 deposit

  • $150 Minimum Stake
  • 40% Bonus
  • Free Training
  • Free Signals – Unlimited
  • Personal Broker
  • Advanced Guide
  • Up To 90% Payout
  • Flip Available
  • Buy Me Out Available
  • Trader Protection Insurance

Platinum Account – $10,000+ deposit

  • $250 Minimum Stake
  • Up to $5,000 Bonus
  • Free Training
  • Free Signals – Unlimited
  • Personal Broker
  • Advanced Guide Guide
  • Up To 95% Payout
  • Flip Available
  • Buy Me Out Available
  • Trader Protection Insurance

uBinary Position In Our Categories

Position of uBinary in our main categories:

uBinary is one of the top 10 Binary Options Brokers products

If you are interested in uBinary it might also be a good idea to examine other subcategories of Binary Options Brokers listed in our base of SaaS software reviews.

It’s important to realize that almost no service in the Binary Options Brokers category is an ideal solution able to meet all the goals of various investors. It may be a good idea to read a few uBinary reviews first as certain solutions may actually dominate exclusively in a specific geography or situation or be designed with a very specific customer in mind. Others might operate with an intention of being easy and intuitive and therefore lack complex functionalities welcomed by more experienced users. There are also services that cater to a wide group of customers and offer a complex feature toolbox, however this in most cases comes at a more expensive cost of such a service. Be certain that you’re aware of your needs so that you select a service that has exactly the functionalities you look for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and uBinary reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with uBinary. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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Best Binary Options Brokers 2020:

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:


    Only For Experienced Traders.

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