UB4Trade is an unlicensed binary options broker that opened in March 2017, owned by Finatex Ltd. Their official address is: Suite 6, 3rd Floor, 93-99 Mabgate, Leeds, Yorkshire, LS9 7DR, United Kingdom. Contact phone number in Switzerland is: +41 4450 87387, and their email address is: firstname.lastname@example.org. You can see typical complaints about broker here.
Our review of UB4 Trade shows that the broker is using the latest Tradologic binary options trading software. This trading platform has all Major Currency pairs as well as minor crosses. There is a large selection of Commodities, Indices, Stocks, Futures and Bitcoin for trading.
UB4Trade’s trading platform is available in English, German and Chinese. They have 6 types of binary options available: Digital Options, Range Options, Touch Options, Turbo Options, One Touch and Advanced Binary Options, with returns / payout ranging from 60% – 80%. Expiry times for options are from 30 seconds, all the way out as far as four months.
Their account types start at $250, and go up to $100,000.
Managed Accounts Scam
The biggest problem when people invest with binary options, is their belief that an account manager can generate consistent profits for them. We see that UB4Trade offers a “Managed Account Program”, which is a the cause for many complaints.
They write: “We work with some of the largest hedge funds and banks in the world, and therefore are able to provide secure trades for our clients.”
Sorry, but that statement cannot be true, because a binary options broker only makes money when you lose your money. Learn more about the binary options scam.
Many people are hooked into binary options trading from a video they watched about an Auto-Trading Robot. The truth is that we have yet to find an software which is 87% accurate.
If you are interested in a binary options robot, you can see the most popular ones, listed here.
UB4Trade License Check
Scam Broker Investigator has reviewed hundreds of online binary option brokers to see if they are scam brokers or legitimate brokers. The way we review a broker, is by checking to see if they are licensed by a government financial regulator like the Financial Services Board (FSB) in South Africa. The are only a few brokers online who have received a license.
UB4Trade does not have a license.
You can see licensed and regulated brokers by reading here.
There is no need to get overwhelmed with the choice of brokers available, these are the brokers you should test out:
If you are already a client of UB4Trade, please share your experience trading there, in the comments section below.