On-line since: About the company: Binary Uno offers to trade CFDs on currency pairs and commodities. Company’s history The company was founded in 2005. The management decided not to share the main stages of development of Binary Uno. Perhaps, earlier this broker operated as a binary options broker. Security of funds The brand is owned by Smart Choice Pro Limited registered in Dominica. We have found no information on a license by any regulator on the broker’s website. Notably, Dominica is an offshore zone, where anyone can open a tax-free business in the short term. We advise traders to be cautious when working with offshore brokers and read recommendations and feedback, as in case of the broker’s bankruptcy all investments may disappear. Besides, there are also many scammers in offshore zones. Moreover, earlier Binary Uno was registered in Seychelles and owned by another company. Trading conditions The broker has several types of accounts: Micro, Standard, Premium, VIP, and Elite. Minimum deposit A trader has to make a deposit of at least 250 dollars, euros or yens, depending on the currency of an opened account. The registration on the platform is free. Despite the minimum deposit of $250 specified by the broker, a trader can open an account only with $1,000 (Micro). Spreads and commissions The company does not charge any brokerage fees or commissions for transactions. Binary Uno makes profit on spreads. Even unregistered users can enter the Binary Uno trading platform. We used this opportunity to see what spreads are offered by the broker. In general, they start from 0 pip. Leverage Binary Uno provides leverage of up to 1:25. Trading platforms Binary Uno offers its own trading software, a web platform that is available online. It is easy to use and has an user-friendly interface. We can note that it is too simple, there is no news and the platform provides just a few analytical tools. Moreover, the platform has no mobile version. Special services We found no services that differ Binary Uno from other brokers. Even its platform is too simple. Support service Samrad Ltd is a representative of this broker with a legal address in Moscow. Traders can contact support experts via email, a live chat or a feedback form. Payment options You can make a deposit in several ways: credit cards, debit cards (Visa, Mastercard, Maestro and VISA Electron) wire transfers, and Cash U. Please note that in case of depositing with a bank card less than $500, there is a commission of $25 charged. Funds transfers are processed within up to 5 working days. Traders can invest anonymously through Cash U. Clients’ criticism There are a lot of reviews about Binary Uno on the Internet, and literally any of them has the word "scammers". Traders complain that the broker freezes their funds and that managers stop responding after the deposit has been credited. To sum up, we would like to advise traders to always pay attention to the broker's reputation, its regulation, and its history. This will significantly reduce the risk of fraud. Advantages:
Disadvantages:
1/10
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Binary Uno is an unprofessional broker. Their withdrawal methods are very painful. It is easy to deposit with this broker but when I tried to withdraw all of my profit they did not process my request and always tell me that I have to wait one week more. Moreover they widen their commission during large movements.
I guess that I was attracted by low deposits and good trading conditions, apparently, but I must say that they allow you to deposit $250, for example, but then they ask you to deposit more money or your account is blocked. I trade with CAD/JPY and at the beginning I got $350 in my first weeks of trading but the problem arises when I wanted to withdraw it. Support team froze all my money telling me that I was breaking the contract I was accepted at the beginning, but up to know they don't tell me what rules I broke exactly. This is a scam I think.
Binary Uno is not safe to trade, As I have lost almost $1K due to the worst trading platform. Basically, I have found fake pricing at many trading instruments. So I think FALL and RISE instead of BUY and SELL are very confusing. Also, I can't easily be depositing or withdrawing my money. I am awful with Binary Uno.
This is a great platform. This is an excellent broker too, they offer all types of tools and trading with them is a pleasure. With themselves I can get more knowledge in forex trading. I withdrew money twice (around $1,000), the second time was faster even than the first. All information provided is very transparent and I feel that binary uno very fair when giving a bonus. The minimum account size of this company is also affordable and I have nothing to complain because their services are reliable.
I traded at Binary Uno for some time and I must say that I had an excellent experience here. Their services are outstanding and I was able to earn well at this broker. I just really had to close my account due to personal reasons, but this was a great broker.
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