UpDown Review

MIN. DEPOSIT $10
Up to 70% PAYOUTS
Up to 100% BONUS
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UpDown
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Overview

Broker information Launched in 2016 and functioning in New Zealand, UpDown is one of the new revolutionary kids on the block of binary options. Its sparkling new platform is well known… more

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Details

Broker UpDown
Website URL https://updown.club/en/
Founded 2016
Headquarters Spinifex Corporate Solutions Limited, 181, Willis Street, Te Aro, Wellington, 6011, New Zealand
Support Number +64 980-10-387
Support Types Phone, Live Chat, E-mail
Languages English, Russian, Spanish, German, Italian, Arabic, Portuguese
Minimum 1st Deposit $10
Minimum Trade Amount $1
Bonus Up to 100%
Payout Up to 70%
Free Demo Account Yes
Regulated Yes
Regulation xCFD Limited
Deposit Methods Visa, Maestro, MasterCard, Neteller, Skrill, Webmoney, cashU, Wire Transfer
Withdrawal Methods Visa, Maestro, MasterCard, Neteller, Skrill, Webmoney, cashU, Wire Transfer
Expiry Times From 60 seconds to several days.
Types of Assets Stocks, Currencies, Indices, Commodities
Account Currency USD, EUR
US Traders Allowed No
Islamic Account: Yes
Mobile Trading Yes
Tablet Trading Yes

Full Review

Broker information

Launched in 2016 and functioning in New Zealand, UpDown is one of the new revolutionary kids on the block of binary options. Its sparkling new platform is well known for the ease of use, convenience, and super tight spreads that its users are charged. The website is intricately designed, secure, and available in different languages, ranging from English, Russian, Arabic through Portuguese and Spanish to German and Italian.

The intuitive platform of UpDown can be utilized on both a desktop device and on the go via the ground breaking mobile application both developed for Android and users of iOS – anytime and anywhere.

The New Zealand-based binary enterprise UpDown is sternly regulated by xCFD Limited which is a part of the Ministry of Business, Innovation, and Employment and is based in New Zealand’s largest city – Auckland. However, it should be born in mind that residents of Japan, New Zealand, and the U.S.A. are prohibited from trading.

Accounts

Accounts at UpDown can be launched with only $10 which is one of the lowest sums in the industry. However, in order to qualify for a bonus, users must deposit at least $200. The amount of welcome bonus increases in relation to that of the deposit. A great option at UpDown is the opportunity to use a demo account with $1,000 virtual money which can be used for practicing. The innovative company also supports Islamic accounts which are tailored to the relevant Sharia laws.

More than 50 of the different types of assets (currencies, stocks, commodities, and indices) are accessible for investments and trading at UpDown’s platform, including Ford, Yahoo, Google, NASDAQ, Facebook, Sony, Amazon, and many more.

Deposit and Withdrawal Options

Playing without depositing is not possible, is it? With UpDown, you can do that via some of the most famous payment options, including Skrill, VISA, cashU, Maestro, Neteller, MasterCard, Webmoney, and Wire Transfer. In an effort to withdraw the acquired sums, traders can make use of the upper-mentioned methods.

Features

Trading at UpDown’s revolutionary platform is extremely easy. The “Turbo” feature at this broker is one of the short-term options which starts at 60 seconds. In addition to “Turbo”, there is the “Nitro” option which allows trading in a 30-second window. There is also the “Touch” option. A drawback at this broker, however, is that all these options may yield a payout of up to 70% which occupies the lower scale of what other brokers offer.

Education

Since the broker is relatively new on the challenging market of trading binary, it has not yet devised a thorough education section on its website. Nevertheless, it has an extensive FAQ section which answers questions as to what the minimum investments are, how to deposit funds, how to use the bonuses when withdrawing money, etc. It also provides explanation to basic terms and concepts related to trading.

Customer Support

UpDown’s customer support handles all client issues with the utmost of care. Their professional team prides itself with attentiveness and friendly attitude and is available through a fixed telephone line, a live chat window, and an e-mail. A trader may use its account on Facebook, Twitter, Google+, and Vkontakte to register which is quite handy.

Bonuses/Promotions

The welcome bonus amounts at UpDown increase parallel to the deposit amount. In this way, traders can receive up to 100% welcome bonus. It should be borne in mind that the lowest amount that is eligible for a 100% bonus is $200. User’s security of payments is ensured by PCJ, GeoTrust, and Qualys. The minimum deposit at the broker, however, is only $10 while the minimum size of trade is the industry’s lowest – $1. However, there are no limits whatsoever on the maximum size – it really depends on the market a trader chooses.

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