Published on June 16th, 2017 | by John Kane2
Broker Review: UB4Trade
Summary: This broker has some new features I've never come across before. It will be interesting to see if these features bleed into the rest of the binary options marketplace.
Today I’m looking at a new binary options brokerage the just launched in March 2017, UB4Trade. The developers believe that they are set apart from the rest of the market because they are “the only options trading platform on the market that offers traders and investors three unique types of binary options to trade: Digital, Touch and Range.”
The broker is owned by Finatex Ltd. Located at Suite 6, 3rd Floor, 93-99 Mabgate, Leeds, Yorkshire, LS9 7DR, United Kingdom. To get in touch with support traders can either email email@example.com or phone +41 4450 87387.
The UB4Trade brokerages utilizing the most recent version of the Tradologic platform, which gives traders the options to close and extend trades. This is a trading function that’s very new to the market, and is not carried by the majority of binary options brokerages. Traders to take advantage of this can “close their options before the time of expiration or automatically extend the time of expiration after buying the option.” I haven’t tested this yet myself, but I assume that means if a trade looks like it’s going in the wrong direction you can extend the duration, in hopes that it returns to your favor. This could certainly be a helpful tool in increasing your ITM ratio.
- They provide a 100% welcome bonus.
- The platform is very easy to use.
- Personal account managers.
- Payouts up to 89%.
- Funds held at AAA rated banks.
- Many payment and withdrawal methods.
- Multilingual customer support.
Obviously, you will see many of these features with other brokerages as well, but it’s important for us to put forward what UB4Trade has to offer as that’s the entire purpose of this review.
As is the case with any binary options broker, I do not recommend taking advantage of account managers. I have a handful of different account management articles, and all of them warn of the potential pitfalls associated with these types of services. As far as I’m concerned, professional traders are likely to continue being professional traders and not sign themselves on with binary options brokers to help other traders.
There is a concept in Western culture where teachers become teachers when they can no longer compete in their respective markets. The same can be said in this case. If a trader is truly successful, they wouldn’t need to take a job at a binary options broker.
So, no matter what broker it is, be very careful with account managers because they are not the cream of the crop.
I have not started trading with the UB4Trade broker, but I am interested in the new Tradologic platform they are using and live expiration adjustment features. If you are looking for new binary options brokerage I suggest that you check out my list here of the top rated by the Binary Today community.
Please let me know if you’ve used this broker, or if you just have anything you would like to add to the conversation. Thank you for stopping by and feel free to browse the rest of the website.
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