Ubinary 60 Seconds, 2 and 5 Minute Options Review
Ubinary 60 Seconds, 2 and 5 Minute Options ReviewSeptember 30, 2013
Ubinary is one of the most popular binary options brokers today offering a minimum deposit policy of $100 as well as 60 seconds, 2 and 5 minute options.
Originally when I funded my real money account I was not even aware of their withdrawal policy, which outright states that you can cash out as little as $10 from your trading account if you meet the trading criteria. This tells you something about the platform.
Now, to the actual review. When I opened all the 60 second contracts I saw EUR USD, GOOG, and AAPL stock available for trading 2 and 5 minutes as as well. The trading panel on the ParagonEX platform is similar to Tradologic or Spotoption in many ways, however the layout seems to be very friendly and the trades I made were executed in a lightning fast manner.
I did make one mistake, I usually deposit around $1,000 when I fund my account but in this case I purchase $100 and got a 20% bonus. I lost the money very quickly the first time around because I could not amass a significant balance. The second time around I invested $2,000, because the currency section was very rich and diverse. Its obvious the platform is more suitable for Forex traders wanting to switch to binaries.
During my last trading session with Etoro, my strategy focused on MT4 and Chuvashov’s Fork along with a kicker formation. I received amazingly good results, partly due to private consultations I had with Vladimir Ribakov who in my opinion is one of the leading Forex gurus operating today. My money management strategy was counter-directional, meaning the more gains I made the less I invested in the next trade, and vice-versa. This allowed my to maintain high balances on wins and absorb less losses on out of the money contract expiration times.
Overall, the trading experience on 60 second options in Ubinary was a very positive one, and I highly recommend it if you are looking for a fun and addictive trading environment with emphasis on currency pairs.