Binary Uno came into existence in the year 2011. The platform has been provided by SpotOption which is pretty famous for providing trade platforms. The platform offers support in a number of languages. Presently, there is no mobile app of their trading application. However, it is expected that they will come up with it in the near future. They are also in the process of procuring the license from CySec.
About the platform: The layout is a simple one. The main instruments have been displayed at the top and the supporting ones have been given underneath. There are 4 separate views to select including the single and multi trade. Each window displays a price chart along with a Trader’s choice bar that shows the participating traders in percentage. There is a live news streaming displayed at the side of the platform, the feed coming from Reuters directly.
The trading instruments: There are several different instruments available like the Binary Options, Pairs, Long term, Sixty seconds, One touch and so on. There will also be selectable expiry times. The shortest being 60 seconds and the longest being for several months. There would also be a variety of assets to choose from.
Distinguishing features: IFollow is a trading instrument that this binary options broker provides that allows traders to easily copy the trades of successful traders. This instrument also allows rollovers to extend the expiry time. However, this option must be used before 10 minutes of the expiry time.
Bonus and promotional offerings: The company offers deposit bonuses up to 150% on the first deposit, the amount of which is linked directly to the amount of deposit. To withdraw the bonus, a trade volume of 30 times the bonus amount will be required. There are no contests, but there is a ‘refer a friend’ promotion through which traders can earn from people who create an account on this platform and submit the minimum applicable deposit.
What are the different types of the account?
The following are the different types of accounts that are offered:
There are also extras like the binary option signals, risk free trades, training, facility of a senior account manager, premium withdrawals, etc. and beyond. As for the banking methods, there is MasterCard, Maestro, Visa, Diners credit card, wire transfers and cashU. There is a minimum transaction size for wire transfers; however, there is no limitation in place for the other available banking methods. It takes around 2 – 3 days for the withdrawals to process and maybe a waiting time of 5 – 7 days for the fund transfers to happen.
The conclusion – Is Binary Uno a fraud?
Binary Uno is almost like any other broker that exists today. They generously provide a SpotOption platform along with all the basic requirements so that the traders can perform successfully. However, they do go beyond by offering IFollow. It clearly indicates that this platform is well geared to meet the needs of global traders. Hence, highly recommended.