Binary Uno has become the latest arrival in the binary options market with its web-based platform. The broker is offering the widespread binary option types as well as several interesting functionalities for social trading and a mixed platform between forex and binary options.
Established in 2011, the holding company is based in the Seychelles, a popular destination among other players in the market. The platform is web-based and offers a clear view of the types of trading that are on offer.
Among those, clients can find the widely available short and long-term binary options, as well as pairings of instruments, one touch and ladder options. Payouts for most vary between 71 and 77% depending on the asset and the time span. Four main instrument groups are available for trading – forex, stocks, commodities and indices.
The currency list has a diverse content, with all major pairs on offer, plus some more exotic ones. Stocks are relatively few with several Russian companies included and the most popular Western European and American shares.
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Binary Uno made an interesting decision to also offer a mixed version of forex trading and binary options. In it, clients have stop-loss and take-profit levels to choose from, as well as contract size and leverage level fields. The figures which can be input in all of these boxes are variable and can limit potential profit from between 100 and 500% with the possible loss remaining only as much as the initial investment.
A social trading function called iFollow is also available. It allows traders to find the best performing traders and copy their actions for a certain period with specific amounts.
The platform also has a comprehensive account structure with five types available for clients. The lowest entry is set at $1,000, with the highest VIP package being offered for $100,000 and above. All accounts have respective packages including webinars, trainings, daily signals and levels of personal account management.
With the website available in English and Arabic, the main target groups of the brokerage are the European and the Middle Eastern markets. This new binary options broker uses a trading platform provided by SpotOption.