LBinary Review

LBinary
50% Bonus
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Overview

Last review update: April 2015 Lots of Investors are lately inclined towards binary options. The main reason is that even though it’s risky, binary options trading offer a very high… more

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Details

BrokerLBinary
Website URLwww.lbinary.com
Founded2013
HeadquartersCyprus
Support Number1 8888-82-09-75 ( USA )
Support TypesLive Chat , E-mail , Phone
LanguagesEnglish , French , Italian , Arabic , Spanish , German , Russian
Trading PlatformSpotOption
Minimum 1st Deposit$250
Minimum Account Size$250
Minimum Trade Amount$25
Bonus50% Bonus
Max. Payout76-85%
Free Demo Account No
Deposit MethodsCredit Cards , Wire Transfer
Number of Assets75
Types of AssetsStocks , Currencies , Commodities , Indices
Option TypesBinary Options , Option Builder , One Touch , 60 Seconds
US Traders No
Mobile Trading Yes
Tablet Trading Yes
Overall Score30/100

Pros

  • Simple Trading Platform
  • Up to 85% Payout

Cons

  • Few deposit methods
  • Few Assets to Trade
  • Withdrawal issues
  • Don't Accept US Traders

Full Review

Last review update: April 2015

Lots of Investors are lately inclined towards binary options. The main reason is that even though it’s risky, binary options trading offer a very high profit in a very small period of time and in a very simple way. However, as a result of too many binary options brokers in the industry showing up recently, it’s quite hard for the investors and traders to decide what platform is the right one for them.
LBinary is a quite a new player in the binary options industry and at first glance you might think it’s fairly similar to some of the other brokers, but look closer and you’ll find yourself surprised.

Trading Platform and Mobile

Too many binary options brokers advertise an easy to use website. Some do offer this, while others do not. LBinary certainly does deliver on this promise, offering one of the most easy to use platforms we used. It’s 100% web-based which means that you do not need to download any software in order to start a trade. What draws you in immediately is the noticeable list of the Forex market’s primary currency pairs. Once you’ve solidified your trading strategy you can easily press the large plus or minus buttons to place your order.

On the homepage of the website, click on the ‘Open Account’ button. You will then see the registration page where you simply have to enter your name, email, password etc., and click on ‘Submit’. You should now receive a verification email and once you have verified your email address, you’ll be a part of the Lbinary family and your trading account will be ready for use.

With the recently developed Lbinary’s iPhone and Android apps you can trade binary options anywhere, anytime, using your phone. The Lbinary Application is simple, fast and it’s perfectly designed for saving time when you want to trade. The app runs smoothly and we haven’t noticed any bugs or delays which we often see on other binary options trading mobile apps. Both professional and new traders will find the Lbinary apps very easy to use.
Installing the app on your phone is simple, just like any other application you install: Just search ‘Lbinary’ on your app store or go to one of the links below (according to your mobile phone).

Type of Accounts & Demo

LBinary has 5 type of accounts: Micro, Silver, Gold, Expert and Platinum, depending on trader investment.

They don’t provide demo accounts.

Assets and Expiry Time

Besides the user friendliness of the website, the most important feature that makes traders interested in any binary option broker is the number of trading assets available. LBinary offers around 75 assets for you to trade, a lower amount than others brokers. The assets are divided into four categories:

Indices:  Dow Jones-30 Future, Nasdaq-100 Future, S&P-500 Future, CAC-40 Future, FTSE-100 Future, DAX-30 Future, ASX-200 Future, IBEX-35 Future, BOMBAY SE ETC…
Stocks: Apple Inc, Barclays PLC, British Petroleum PLC (BP), Facebook, Inc. (FB), France Telecom, Google Inc, Societte General, SONY, Nissan Motors ETC…
Currencies:  Euro-US Dollar, Great Britain Pound – US Dollar, Australian Dollar – US Dollar, US Dollar – Canadian Dollar, US Dollar – Swiss Franc, US Dollar – Japanese
Commodities: Gold, Gold/Euro, Crude Oil and Silver

Minimum Deposit & Bonuses

The minimum deposit to open an account is $250.

They offer up to 50% welcome bonus on first deposits.

Payout

You can get up to 85% profit with binary options and up to 720% return on “One Touch” options.

Deposit & Withdrawal

You only deposit and withdraw only by credit card or wire transfer.

LBinary could be one of the more interesting brokers today, with a huge growing list of online traders. However a lot of withdrawal issues have been reported by a lot of traders last months, so unfortunately it’s not one of those brokers we can recommend you.

Customer service

The guys over at Lbinary take customer service very seriously with around the clock online support. Additionally, you’ll find several toll-free international phone numbers available on the website. LBinary also provides free lessons for both beginners and experienced traders.

Accept USA customers

Since 7th january 2015 LBinary don’t accept US Traders.

LBinary Review – Conclusion

They have a friendly website, a great new mobile app, and an easy to use trading platform, so LBinary could be on the right way to the top of the list of binary options brokers but unfortunately a lot of customers have had a lot of withdrawal problems with them so far, so we can ‘t give them a good rating.

 

LBinary - homepage

LBinary – homepage

LBinary Scam Reported by Users

2 Scam reports.

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UsBinaryOptions.com
Average rating:  
 2 reviews
by Philip on UsBinaryOptions.com
City,Country: New Zealand

This is a scam, requested my funds back 10 Nov still waiting, not able to process someone else on FB stating the same

by Cathy Cocker on UsBinaryOptions.com
Lians & Chears
City,Country: Ontario

I become involved with Lbinary through AQI. The account manager said he could do better for me, but needed $5-10K to work with. In fact, my trades would be insured, as they'd be trading with their own money. I had $10K charged to my credit card, and then his "boss" called and said they couldn't do ANYTHING for me without an additional $15K - or a total of $25K. Otherwise, there was no insurace and I'd get a couple of weeks of on-line training and be left to do trades on my own. When I demanded to have the money returned to my account, as it was taken under false pretenses, I was told it would be returned. It has been over 10 days, and all the company will do is tell me that it will be processed shortly. BTW - even though I'm in Canada and ok'd Canadian funds, they took it in US, and I'm being charged for the conversion!! AND, their US toll free number is "not in service", so I have no way of contacting them. SCAMMERS through and through!!”

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