LBinary is a binary options broker registered in Cyprus in 2012. It is headquartered in Nicosia, Cyprus. The company has offices in the UK and on the Seychelles.
Over a short time the company gained a reputation of a reliable broker able to solve any task.
Creating best trading conditions for private traders is the main goal of LBinary. Not high initial deposit and broad range of options are attractive for both private traders and large binary option market participants.
Deposits and Withdrawals
The range of financial tools the broker offers for depositing and withdrawing funds is somewhat unusual for binary option brokers. There are no e-payment systems in this range. In the opinion of the broker representatives, E-Wallet payments are not safe enough. Thus, the company tries to secure customer funds.
There are the following deposit/withdrawal options:
- Bank transfer;
- Visa, MasterCard, Maestro, Delta, Diners, Maestro UK (Switch) and Solo credit cards.
All payments are made within 1-3 days.
Reliability and Certification
LBinary is authorized and regulated by CySEC guided by the Markets in Financial Instruments Directive of the EU. CySEC license is a strong proof of the broker’s reliability and transparency. Apart from the insurance obligatory for all brokers regulated by CySEC, LBinary is introducing innovative technologies to ensure high level of customer assets safety.
It offers segregated accounts to guarantee safety of customer deposits. This allows to hold customer funds separate from the broker funds.
LBinary is a high liquidity broker due to cooperation with large banks and insurance companies.
Given all the above, traders can be sure the funds entrusted to the broker are safe.
Constantly growing customer base of LBinary including hundreds of thousands traders is an indirect but sound proof of the broker reliability.
Bonuses and Promotions
LBinary is offering a welcome bonus to its customers. It can reach 100% of the deposit amount. The bonus is granted not only for initial deposits. A trader gets bonus for every deposit of no less than $100 USD.
Like at other brokers, bonus money credited to the customer trading account under this program are intended for trading. This means a customer cannot withdraw the funds immediately. Moreover, such attempt with lead to a withdrawal of the entire bonus amount by the broker. Only after meeting traded volume requirements, a trader can withdraw its bonus money.
Trading Accounts and Options Types
Customers of LBinary can open the following types of trading accounts:
- Mini. Minimum deposit is $250 USD;
- Standard. Minimum deposit is $500 USD;
- Expert. Minimum deposit is $10 000 USD.
Options types are as follows:
- Call and Put. Payout is 75-80%;
- One Touch with payout of 400-720%;
- Turbo. Expiry time is no more than 5 minutes;
- Option Builder. This option is meant for highly professional traders. The trader can choose the main parameters of the option by itself. This option allows the trader to choose optimal ratio of profit and risk. Besides, it allows to specify the refund in case of out-of-the-money transaction which can reach 20%.
Underlying assets can be as follows:
- Currency pairs;
Trading Platforms Types
LBinary customers trade on the well-known SpotOption platform. This software does not need a detailed description. It is widely popular among experienced traders and beginners making the first steps in the binary options market.
LBinary provides customer support services on 24/7 basis through the following channels:
- Live chat.
Support services are available in English. As an alternative, the company can find an expert speaking French, Spanish or German.
Useful educational programs offered to the company customers are also only in English.
Pros of Trading with LBinary
- Simple and convenient interface of the trading platform;
- Tailored range of trading tools and underlying assets.
No demo accounts and just one language of the trading platform and customer support are counted as disadvantages.
Binboom32: I saw contradictory reviews about LBinary. But I’ve been trading on the platform for two years and can recommend it to traders of all levels. Everything is accurate. There were no payment delays or improper fulfillment of other obligations.
Brian Toss: I’ve been trading on the platform for almost a year and I’m very pleased with the broker. Minimum deposit is acceptable. Customer service is quick. I never had to wait for a reply for more than 2-3 minutes.
Trying to evaluate the broker fairly, it must be admitted that there is hardly anything that sets LBinary apart from other brokers. The range of trading tools and underlying assets is quite common, the platform is also up to the mark.
The fact that the broker is purely English spoils the general impression.
Readers should pay attention to the fact that there are rumours in the Internet that the company intentionally misinforms existing and potential customers. The point is that CySEC is said to revoke the broker’s license. This has not been confirmed on the official website of the regulator, so it can be considered as “intrigues of ill wishers”.