We want to warn about BinaryUnio before we get started with this review, always use regulated options.
There are many options when one is looking to trade in binary options online. You will come across a number of brokerage firms all promising you the best services. One such broker is BinaryUno. It was established in 2005 and provides access to a wide range of services including
FX, CFDs and commodities brokerage to investors globally. This online FX trading platform is managed by Smart Choice Zone incorporated in Scotland. Its offices are located at 272 Bath Street, Glasgow, Scotland. They, however, do not specify if this address is for the owning/operating company or simply their payment processor. This is because, on their website, they state that the client is entering into an agreement with Titanium Tech Solutions Limited, Smart Choice Zone LP.
The downside to this brokerage firm is that there is no BinaryUno demo account which can be useful to new users as they learn how the services work. However, there are many educational resources which can help a customer using this platform. Especially, one who has prior knowledge of how Binary options work. Keep reading through this BinaryUno Review to find out whether the site is favorable to trade with or not.
Find the best trading platform. You capital is at risk when trading. Be careful.
Is BinaryUno A Scam? Is BinaryUno Regulated?
BinaryUno offers wonderful features which include a bonus to clients whenever they signup for their services. Clients receive bonuses which vary from 35% to 150% depending on the amount deposited for use on the platform. However, there are turnover requirements which must be fulfilled before a client can withdraw the amount from the stock brokers.
It uses the SpotOption trading platform which can be found in many online binary options brokerage firms. Clients can also open up different kinds of accounts with this brokerage. There is the micro account which is the cheapest one in the lot with the amount the client needs ranging from $1000 to $2000. There’s the standard account for a minimum of $2000. The premium account needs a minimum of $5,000. The VIP account requires a minimum amount of $10,000. Finally, an elite account requires a minimum amount of $100,000 to open.
However, they do allow a minimum investment of $25 but this is after clients deposit a minimum of $250 into their account. These accounts come with different features which include account managers, trade analysts, risk-free trades, and much more. That being said, it is important to figure out whether the BinaryUno Scam is true or fabricated.
There are quite a number of complaints pertaining to this brokerage due to withdrawals and account management. Clients complain that accounts have been wiped of all balances. Plus, the number of days after withdrawal are quite lengthy. There are also instances when clients did not get back their money from the platform after engaging it for trading.
Alternatives To BinaryUno
Investing money with different brokerage firms is always recommended. This is because the different brokers have different operating procedures and options. This will give you more choices to where you can invest your money.
If you are not comfortable using the BinaryUno platform, then you can try out other brokers such as Markets.com where you can comfortably invest your money without much pain. If you still need to find another broker, you can look at our best cfd brokers to see the variety of options available there. This will enable you to diversify your investment portfolio and also safeguard your money against losses.