BINARYUNO

About company:

Binary Uno trades CFDs on currency pairs and commodities.

 

history of the company

The company was founded in 2005. The management decided to keep silent about the main milestones in the development of Binary Uno. Perhaps this broker used to work as a binary options broker.

 

Fund security

The brand belongs to the company Smart Choise Pro Limited, registered in Dominica. On the broker's website, we did not find any information about the presence of a license from any regulatory body. It should be noted that Dominica is an offshore zone where you can open a tax-free business in a short time. We advise traders to be careful when working with offshore brokers and read recommendations and reviews about them, since in the event of a broker's bankruptcy, the invested funds may be lost. There are also many scammers working in offshore zones.

 

In addition, Binary Uno was previously registered in the Seychelles and owned by another company.

 

Trading conditions

The broker has several types of accounts: micro, standard, special, VIP, elite.

 

Minimum deposit

The trader needs to deposit a minimum of 250 USD, Euro or JPY, depending on which currency the account was opened in. Registration on the platform is free.

 

Despite the fact that the broker indicates the minimum deposit as $ 250, you can open an account only from $ 1000 (Micro).

 

Spreads and commissions

The company does not charge brokerage fees or commissions for transactions, Binary Uno makes money on spreads. Even unregistered users can log into the Binary Uno trading platform, we took advantage of this to see what spreads the broker offers. In general, they start at 0 pips.

 

Leverage

Binary Uno provides up to 1:25 leverage.

 

Trading platforms

Binary Uno provides a proprietary web platform development that runs online from a browser. The platform is easy to use and has an intuitive interface. We would even say that it is too simple, there is no news, a small number of analytical tools. Also, the broker does not offer mobile versions for the terminal.

 

Significant services

We have not found any services that would differentiate the Binary Uno broker from the rest. Even the broker's terminal turned out to be too simple.

 

Support service

In Russia, the trader is represented by Samrad LLC with its legal address in Moscow. Support specialists can be contacted by email, live chat or feedback form.

 

Ways of payment

There are several ways to make a deposit: by credit card, debit card (Visa, Mastercard, Maestro, VISA Electron), bank transfer and Cash U.

 

Please note that for a credit card deposit of less than $ 500, a $ 25 fee will be charged.

 

The transfer of funds can take up to 5 business days.

 

You can invest funds anonymously through Cash U.

 

Criticism of traders

There are many reviews on the Internet about Binary Uno, and almost all of them contain the word “scammers”. Traders complain not only about the impossibility to withdraw profits, but even that managers stop responding after the deposit is credited.

 

As a result, we would like to note that traders always pay attention to the broker's reputation, its regulation and its history, this will significantly reduce the risk of fraud.

 

Pros:

 

CFD trading.

 

Minuses:

 

offshore broker; no regulatory license; high deposit for trading - $ 1000; limited number of assets for trading; no MT4; bad reputation.