We ventured into our search to find this out. We have gathered that this broker rates average and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Providers:
Top 3 Brokers January 2017
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UboCapital, which has its headquarters in the UK, is a binary options broker that was recently started. The company claims that their trading system is based on an innovative platform which will help the investors trade more effectively. The website itself appears to be very neat and sorted – if you are a trader you might find this quality quite alluring. However, it is hard to say whether the trading platform really performs well and is it reliable all the time or not.
Is UboCapital a Scam?
The company has only been recently launched and not much is known about them as of yet. Hence it is understandable that many traders are apprehensive towards it. This means that we do not have very many authentic testimonials to base our judgment on. Also, Ubo is not yet regulated or licensed. Even though they may be EU compliant, nothing can be said for sure unless they have actually got a license. Therefore, wait until you have more information about them.
Ubo Capital’s main feature is that it has a clutter-free platform. Also, they claim to have an innovative platform that is unlike any other and will help the traders to place trades much more easily. In fact, the trading platform has an attractive design and most traders might find it pretty user friendly. There are risk management tools on the platform that the traders might benefit from.
Account Types and Bonuses
There are no demo accounts provided on their website. However if you are a seasoned trader, you might not even need the demo accounts in the first place. Unlike most other portals, Ubo has 7 different types of accounts available. This means that there is more flexibility in the amount of initial deposit. The minimum deposit account is called the micro account and the maximum deposit account is the VIP account with $250,000 starting deposit value.
How to Get Started?
Follow these steps to get started:
- Sign Up – Open “Registration” on their web portal and fill up the details.
- Trade – Make your first deposit and start trading.
- Withdraw – Once you trade and earn your initial profits, ask for a withdrawal.
Deposit and Withdrawal Procedures
You can get started by depositing only $200 – which is the minimum deposit amount on this broker. You can use your credit card to deposit, or you can use online Moneybooker, CashU or other such portals to transfer. Bank transfers are also allowed.
To withdraw your funds, you can request a withdrawal. It can take up to 10 days for the funds to reach your account. You can receive your funds via bank transfers or other methods which you used to deposit your amount with.
Customer support is one of the important factors to consider before placing your trust on an online broker. Will they answer your call when you are in need? This is the real question. As of now, nothing solid can be said about this broker as there is very little information available on their performance. However they are accessible via live chat, telephone and email contact.